13F HOLDINGS REPORT
Azarias Capital Management, L.P.
Quarter ended Q4 2025 · Filed January 23, 2026 · Accession 0001625279-26-000002
Total Value
$228.4M
Positions
25
Other Managers
0
Confidential Omitted
No
Holdings (25)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | SPDR S&P 500 ETF TR | SPY | 106,461 | $72.6M | 31.78% |
| 2 | UR-ENERGY INC | URG | 13,950,155 | $19.4M | 8.49% |
| 3 | ENCORE ENERGY CORP | EU | 4,132,851 | $10.2M | 4.49% |
| 4 | NEXGEN ENERGY LTD | NXE | 1,079,795 | $9.9M | 4.35% |
| 5 | MANPOWERGROUP INC WIS | MAN | 289,883 | $8.6M | 3.77% |
| 6 | MATRIX SVC CO | 576853105 | 730,767 | $8.5M | 3.74% |
| 7 | METALLUS INC | MTUS | 484,811 | $8.3M | 3.64% |
| 8 | INTREPID POTASH INC | IPI | 294,870 | $8.2M | 3.58% |
| 9 | CAMECO CORP | CCJ | 87,728 | $8.0M | 3.51% |
| 10 | GULFPORT ENERGY CORP | GPOR | 38,273 | $8.0M | 3.48% |
| 11 | DENISON MINES CORP | DNN | 2,922,967 | $7.8M | 3.40% |
| 12 | ENERGY FUELS INC | UUUU | 419,028 | $6.1M | 2.67% |
| 13 | KENNAMETAL INC | KMT | 214,288 | $6.1M | 2.67% |
| 14 | SANDRIDGE ENERGY INC | SD | 410,574 | $5.9M | 2.59% |
| 15 | ENDEAVOUR SILVER CORP | EXK | 630,009 | $5.9M | 2.59% |
| 16 | STANDARD MTR PRODS INC | 853666105 | 151,941 | $5.6M | 2.45% |
| 17 | COHU INC | COHU | 237,207 | $5.5M | 2.42% |
| 18 | HOOKER FURNISHINGS CORPORATI | HOFT | 473,179 | $5.3M | 2.34% |
| 19 | TRUEBLUE INC | TBI | 988,880 | $4.5M | 1.97% |
| 20 | UNIFI INC | UFI | 904,013 | $3.2M | 1.39% |
| 21 | EMPLOYERS HLDGS INC | EIG | 69,108 | $3.0M | 1.31% |
| 22 | MOTORCAR PTS AMER INC | 620071100 | 216,408 | $2.7M | 1.17% |
| 23 | SCHOLASTIC CORP | SCHL | 61,522 | $1.8M | 0.80% |
| 24 | VISHAY PRECISION GROUP INC | VPG | 44,054 | $1.7M | 0.74% |
| 25 | MILLER INDS INC TENN | 600551204 | 40,047 | $1.5M | 0.66% |