Azarias Capital Management, L.P.

Est. AUM

$223.1M

13F long equity, this entity only

Positions

Period

Mar 2026 (Q1)

SEC EDGAR

Mar 2026 (Q1)

#	Issuer	Class	Value	Shares	% Portfolio	Discretion
1	STATE STR SPDR S&P 500 ETF T	TR UNIT	$69.2M	106461	31.03%	SOLE
2	UR-ENERGY INC	COM	$20.3M	13604304	9.08%	SOLE
3	DENISON MINES CORP	COM	$10.3M	2922967	4.62%	SOLE
4	MANPOWERGROUP INC WIS	COM	$9.9M	337613	4.46%	SOLE
5	MATRIX SVC CO	COM	$9.4M	817021	4.20%	SOLE
6	ENCORE ENERGY CORP	COM NEW	$9.1M	5067708	4.09%	SOLE
7	GULFPORT ENERGY CORP	COMMON SHARES	$8.9M	42121	3.99%	SOLE
8	METALLUS INC	COM	$8.9M	543322	3.98%	SOLE
9	NEXGEN ENERGY LTD	COM	$7.9M	682943	3.55%	SOLE
10	INTREPID POTASH INC	COM	$7.4M	173654	3.33%	SOLE
11	ENERGY FUELS INC	COM NEW	$6.9M	380528	3.11%	SOLE
12	SEADRILL LTD	COM	$6.2M	136645	2.79%	SOLE
13	MOTORCAR PTS AMER INC	COM	$5.9M	532869	2.64%	SOLE
14	EMPLOYERS HLDGS INC	COM	$5.8M	140180	2.58%	SOLE
15	CAMECO CORP	COM	$5.5M	50371	2.45%	SOLE
16	HOOKER FURNISHINGS CORPORATI	COM	$5.1M	397176	2.29%	SOLE
17	SANDRIDGE ENERGY INC	COM NEW	$5.1M	312396	2.28%	SOLE
18	MILLER INDS INC TENN	COM NEW	$5.0M	110426	2.25%	SOLE
19	STANDARD MTR PRODS INC	COM	$4.4M	127206	1.98%	SOLE
20	TRUEBLUE INC	COM	$3.9M	1001950	1.76%	SOLE
21	UNIFI INC	COM NEW	$3.1M	875137	1.40%	SOLE
22	AVNET INC	COM	$2.7M	43934	1.21%	SOLE
23	COHU INC	COM	$1.8M	59559	0.82%	SOLE
24	ARGAN INC	COM	$206K	378	0.09%	SOLE

Values in USD (reported in $thousands on 13F). Source: SEC EDGAR.