Azarias Capital Management, L.P. Long-Term Concentrated

Location: Berwyn, PA

CIK: 0001625279 · Show all filings

Period: Q3 2025 (← Previous) (Next →)

Filing Date: Oct 15, 2025

Total Value: $252M (100.0% shares, 0.0% debt)

Holdings (24)

SPY SPDR S&P 500 ETF TR 28.1%

Value $70.92M Shares 106,461 Share Price $666.18 Est. Cost/Share $587.78 Unrealized @ Report Date +13.3%

URG UR-ENERGY INC 9.6%

Value $24.17M Shares 13,504,298 Share Price $1.79 Est. Cost/Share $1.40 Unrealized @ Report Date +28.2%

EU ENCORE ENERGY CORP 5.1%

Value $12.95M Shares 4,032,939 Share Price $3.21 Est. Cost/Share $3.73 Unrealized @ Report Date -14.0%

NXE NEXGEN ENERGY LTD 4.0%

Value $9.997M Shares 1,117,009 Share Price $8.95 Est. Cost/Share $5.28 Unrealized @ Report Date +69.5%

MTUS METALLUS INC 3.7%

Value $9.381M Shares 567,486 Share Price $16.53 Est. Cost/Share $14.88 Unrealized @ Report Date +11.1%

EXK ENDEAVOUR SILVER CORP 3.6%

Value $9.149M Shares 1,166,937 Share Price $7.84 Est. Cost/Share $3.99 Unrealized @ Report Date +96.7%

UUUU ENERGY FUELS INC 3.6%

Value $9.148M Shares 595,983 Share Price $15.35 Est. Cost/Share $7.31 Unrealized @ Report Date +110.1%

MTRX MATRIX SVC CO 3.3%

Value $8.304M Shares 634,843 Share Price $13.08 Est. Cost/Share $9.89 Unrealized @ Report Date +32.2%

GPOR GULFPORT ENERGY CORP 3.2%

Value $8.061M Shares 44,541 Share Price $180.98 Est. Cost/Share $181.00 Unrealized @ Report Date -0.0%

DNN DENISON MINES CORP 3.2%

Value $8.038M Shares 2,922,967 Share Price $2.75 Est. Cost/Share $1.61 Unrealized @ Report Date +70.9%

IPI INTREPID POTASH INC 3.1%

Value $7.944M Shares 259,788 Share Price $30.58 Est. Cost/Share $26.38 Unrealized @ Report Date +15.9%

MAN MANPOWERGROUP INC WIS 3.1%

Value $7.797M Shares 205,731 Share Price $37.90 Est. Cost/Share $41.23 Unrealized @ Report Date -8.1%

KMT KENNAMETAL INC 3.0%

Value $7.626M Shares 364,357 Share Price $20.93 Est. Cost/Share $22.38 Unrealized @ Report Date -7.7%

CCJ CAMECO CORP 2.9%

Value $7.357M Shares 87,728 Share Price $83.86 Est. Cost/Share $25.79 Unrealized @ Report Date +224.5%

SMP STANDARD MTR PRODS INC 2.9%

Value $7.307M Shares 178,995 Share Price $40.82 Est. Cost/Share $31.10 Unrealized @ Report Date +31.2%

TBI TRUEBLUE INC 2.4%

Value $6.03M Shares 983,711 Share Price $6.13 Est. Cost/Share $11.13 Unrealized @ Report Date -44.9%

COHU COHU INC 2.3%

Value $5.807M Shares 285,648 Share Price $20.33 Est. Cost/Share $18.40 Unrealized @ Report Date +10.5%

SD SANDRIDGE ENERGY INC 2.2%

Value $5.434M Shares 481,704 Share Price $11.28 Est. Cost/Share $10.68 Unrealized @ Report Date +5.6%

MPAA MOTORCAR PTS AMER INC 2.0%

Value $5.011M Shares 302,954 Share Price $16.54 Est. Cost/Share $12.68 Unrealized @ Report Date +30.5%

HOFT HOOKER FURNISHINGS CORPORATI 1.9%

Value $4.803M Shares 473,179 Share Price $10.15 Est. Cost/Share $17.55 Unrealized @ Report Date -42.1%

SCHL SCHOLASTIC CORP 1.8%

Value $4.571M Shares 166,944 Share Price $27.38 Est. Cost/Share $30.61 Unrealized @ Report Date -11.7%

VPG VISHAY PRECISION GROUP INC 1.8%

Value $4.556M Shares 142,164 Share Price $32.05 Est. Cost/Share $23.47 Unrealized @ Report Date +36.6%

HCSG HEALTHCARE SVCS GROUP INC 1.7%

Value $4.264M Shares 253,363 Share Price $16.83 Est. Cost/Share $12.77 Unrealized @ Report Date +31.8%

UFI UNIFI INC 1.5%

Value $3.868M Shares 812,558 Share Price $4.76 Est. Cost/Share $10.22 Unrealized @ Report Date -53.4%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
SPY	SPDR S&P 500 ETF TR	106,461	$70.92M	28.1%	$666.18	$587.78	+13.3%	TR UNIT	78462F103
URG	UR-ENERGY INC	13,504,298	$24.17M	9.6%	$1.79	$1.40	+28.2%	COM	91688R108
EU	ENCORE ENERGY CORP	4,032,939	$12.95M	5.1%	$3.21	$3.73	-14.0%	COM NEW	29259W700
NXE	NEXGEN ENERGY LTD	1,117,009	$9.997M	4.0%	$8.95	$5.28	+69.5%	COM	65340P106
MTUS	METALLUS INC	567,486	$9.381M	3.7%	$16.53	$14.88	+11.1%	COM	887399103
EXK	ENDEAVOUR SILVER CORP	1,166,937	$9.149M	3.6%	$7.84	$3.99	+96.7%	COM	29258Y103
UUUU	ENERGY FUELS INC	595,983	$9.148M	3.6%	$15.35	$7.31	+110.1%	COM NEW	292671708
MTRX	MATRIX SVC CO	634,843	$8.304M	3.3%	$13.08	$9.89	+32.2%	COM	576853105
GPOR	GULFPORT ENERGY CORP	44,541	$8.061M	3.2%	$180.98	$181.00	-0.0%	COMMON SHARES	402635502
DNN	DENISON MINES CORP	2,922,967	$8.038M	3.2%	$2.75	$1.61	+70.9%	COM	248356107
IPI	INTREPID POTASH INC	259,788	$7.944M	3.1%	$30.58	$26.38	+15.9%	COM	46121Y201
MAN	MANPOWERGROUP INC WIS	205,731	$7.797M	3.1%	$37.90	$41.23	-8.1%	COM	56418H100
KMT	KENNAMETAL INC	364,357	$7.626M	3.0%	$20.93	$22.38	-7.7%	COM	489170100
CCJ	CAMECO CORP	87,728	$7.357M	2.9%	$83.86	$25.79	+224.5%	COM	13321L108
SMP	STANDARD MTR PRODS INC	178,995	$7.307M	2.9%	$40.82	$31.10	+31.2%	COM	853666105
TBI	TRUEBLUE INC	983,711	$6.03M	2.4%	$6.13	$11.13	-44.9%	COM	89785X101
COHU	COHU INC	285,648	$5.807M	2.3%	$20.33	$18.40	+10.5%	COM	192576106
SD	SANDRIDGE ENERGY INC	481,704	$5.434M	2.2%	$11.28	$10.68	+5.6%	COM NEW	80007P869
MPAA	MOTORCAR PTS AMER INC	302,954	$5.011M	2.0%	$16.54	$12.68	+30.5%	COM	620071100
HOFT	HOOKER FURNISHINGS CORPORATI	473,179	$4.803M	1.9%	$10.15	$17.55	-42.1%	COM	439038100
SCHL	SCHOLASTIC CORP	166,944	$4.571M	1.8%	$27.38	$30.61	-11.7%	COM	807066105
VPG	VISHAY PRECISION GROUP INC	142,164	$4.556M	1.8%	$32.05	$23.47	+36.6%	COM	92835K103
HCSG	HEALTHCARE SVCS GROUP INC	253,363	$4.264M	1.7%	$16.83	$12.77	+31.8%	COM	421906108
UFI	UNIFI INC	812,558	$3.868M	1.5%	$4.76	$10.22	-53.4%	COM NEW	904677200