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

Location: Berwyn, PA

CIK: 0001625279 · Show all filings

Period: Q3 2026 (← Previous)

Filing Date: Oct 14, 2026

Total Value: $168M (100.0% shares, 0.0% debt)

Holdings (23)

New Positions (1)

LKQ LKQ CORP 1.7%

Value $2.842M Shares 124,471 Share Price $22.83 Est. Cost/Share $24.76 Unrealized @ Report Date -7.8%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
LKQ	LKQ CORP	124,471	$2.842M	1.7%	$22.83	$24.76	-7.8%	COM	501889208

Increased Positions (1)

CCJ CAMECO CORP 2.9%

Value $4.861M (-5.3%) Shares 56,083 (+11.3%) Share Price $86.67 Est. Cost/Share $32.76 Unrealized @ Report Date +164.5%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
CCJ	CAMECO CORP	56,083 (+11.3%)	$4.861M (-5.3%)	2.9%	$86.67	$32.76	+164.5%	COM	13321L108

Exited Positions (1)

AGX ARGAN INC 0.2%

Value $302K Shares 378 Share Price $798.55 * Est. Cost/Share $407.67 Unrealized @ Report Date -7.3%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
AGX	ARGAN INC	378	$302K	0.2%	$798.55 *	$407.67	-7.3%	—	04010E109

Decreased Positions (18)

URG UR-ENERGY INC 7.1%

Value $11.97M (-33.3%) Shares 11,084,310 (-16.0%) Share Price $1.08 Est. Cost/Share $1.40 Unrealized @ Report Date -22.8%

MAN MANPOWERGROUP INC WIS 1.9%

Value $3.203M (-64.4%) Shares 57,631 (-78.3%) Share Price $55.58 Est. Cost/Share $37.11 Unrealized @ Report Date +49.8%

MTRX MATRIX SVC CO 2.4%

Value $4.075M (-55.9%) Shares 425,763 (-36.8%) Share Price $9.57 Est. Cost/Share $10.42 Unrealized @ Report Date -8.1%

MTUS METALLUS INC 2.0%

Value $3.312M (-57.8%) Shares 174,422 (-58.4%) Share Price $18.99 Est. Cost/Share $15.26 Unrealized @ Report Date +24.5%

EIG EMPLOYERS HLDGS INC 1.3%

Value $2.26M (-66.1%) Shares 47,336 (-64.2%) Share Price $47.74 Est. Cost/Share $41.46 Unrealized @ Report Date +15.2%

MLR MILLER INDS INC TENN 0.8%

Value $1.272M (-77.4%) Shares 24,172 (-78.0%) Share Price $52.61 Est. Cost/Share $41.27 Unrealized @ Report Date +27.5%

GPOR GULFPORT ENERGY CORP 2.2%

Value $3.631M (-53.9%) Shares 24,132 (-48.0%) Share Price $150.48 Est. Cost/Share $182.43 Unrealized @ Report Date -17.5%

MOH MOLINA HEALTHCARE INC 1.8%

Value $2.974M (-57.5%) Shares 15,727 (-48.6%) Share Price $189.10 Est. Cost/Share $181.24 Unrealized @ Report Date +4.3%

HOFT HOOKER FURNISHINGS CORPORATI 1.3%

Value $2.139M (-64.3%) Shares 164,807 (-51.0%) Share Price $12.98 Est. Cost/Share $17.55 Unrealized @ Report Date -26.0%

MPAA MOTORCAR PTS AMER INC 2.0%

Value $3.327M (-52.6%) Shares 317,162 (-30.8%) Share Price $10.49 Est. Cost/Share $11.97 Unrealized @ Report Date -12.4%

SDRL SEADRILL LTD 2.8%

Value $4.708M (-41.1%) Shares 105,405 (-50.1%) Share Price $44.67 Est. Cost/Share $42.86 Unrealized @ Report Date +4.2%

EU ENCORE ENERGY CORP 1.4%

Value $2.32M (-56.7%) Shares 2,148,481 (-47.5%) Share Price $1.08 Est. Cost/Share $3.50 Unrealized @ Report Date -69.1%

IPI INTREPID POTASH INC 1.9%

Value $3.13M (-46.4%) Shares 97,555 (-45.3%) Share Price $32.08 Est. Cost/Share $26.74 Unrealized @ Report Date +20.0%

SMP STANDARD MTR PRODS INC 1.3%

Value $2.231M (-52.7%) Shares 60,132 (-50.3%) Share Price $37.10 Est. Cost/Share $31.10 Unrealized @ Report Date +19.3%

SD SANDRIDGE ENERGY INC 1.3%

Value $2.151M (-51.2%) Shares 159,437 (-50.4%) Share Price $13.49 Est. Cost/Share $10.80 Unrealized @ Report Date +24.9%

DNN DENISON MINES CORP 6.4%

Value $10.77M (-17.0%) Shares 4,158,703 (-1.9%) Share Price $2.59 Est. Cost/Share $2.19 Unrealized @ Report Date +18.2%

TBI TRUEBLUE INC 2.1%

Value $3.538M (-33.1%) Shares 384,599 (-49.4%) Share Price $9.20 Est. Cost/Share $11.05 Unrealized @ Report Date -16.7%

UFI UNIFI INC 1.3%

Value $2.134M (-1.6%) Shares 326,798 (-28.4%) Share Price $6.53 Est. Cost/Share $9.58 Unrealized @ Report Date -31.8%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
URG	UR-ENERGY INC	11,084,310 (-16.0%)	$11.97M (-33.3%)	7.1%	$1.08	$1.40	-22.8%	COM	91688R108
MAN	MANPOWERGROUP INC WIS	57,631 (-78.3%)	$3.203M (-64.4%)	1.9%	$55.58	$37.11	+49.8%	COM	56418H100
MTRX	MATRIX SVC CO	425,763 (-36.8%)	$4.075M (-55.9%)	2.4%	$9.57	$10.42	-8.1%	COM	576853105
MTUS	METALLUS INC	174,422 (-58.4%)	$3.312M (-57.8%)	2.0%	$18.99	$15.26	+24.5%	COM	887399103
EIG	EMPLOYERS HLDGS INC	47,336 (-64.2%)	$2.26M (-66.1%)	1.3%	$47.74	$41.46	+15.2%	COM	292218104
MLR	MILLER INDS INC TENN	24,172 (-78.0%)	$1.272M (-77.4%)	0.8%	$52.61	$41.27	+27.5%	COM NEW	600551204
GPOR	GULFPORT ENERGY CORP	24,132 (-48.0%)	$3.631M (-53.9%)	2.2%	$150.48	$182.43	-17.5%	COMMON SHARES	402635502
MOH	MOLINA HEALTHCARE INC	15,727 (-48.6%)	$2.974M (-57.5%)	1.8%	$189.10	$181.24	+4.3%	COM	60855R100
HOFT	HOOKER FURNISHINGS CORPORATI	164,807 (-51.0%)	$2.139M (-64.3%)	1.3%	$12.98	$17.55	-26.0%	COM	439038100
MPAA	MOTORCAR PTS AMER INC	317,162 (-30.8%)	$3.327M (-52.6%)	2.0%	$10.49	$11.97	-12.4%	COM	620071100
SDRL	SEADRILL LTD	105,405 (-50.1%)	$4.708M (-41.1%)	2.8%	$44.67	$42.86	+4.2%	COM	G7997W102
EU	ENCORE ENERGY CORP	2,148,481 (-47.5%)	$2.32M (-56.7%)	1.4%	$1.08	$3.50	-69.1%	COM NEW	29259W700
IPI	INTREPID POTASH INC	97,555 (-45.3%)	$3.13M (-46.4%)	1.9%	$32.08	$26.74	+20.0%	COM	46121Y201
SMP	STANDARD MTR PRODS INC	60,132 (-50.3%)	$2.231M (-52.7%)	1.3%	$37.10	$31.10	+19.3%	COM	853666105
SD	SANDRIDGE ENERGY INC	159,437 (-50.4%)	$2.151M (-51.2%)	1.3%	$13.49	$10.80	+24.9%	COM NEW	80007P869
DNN	DENISON MINES CORP	4,158,703 (-1.9%)	$10.77M (-17.0%)	6.4%	$2.59	$2.19	+18.2%	COM	248356107
TBI	TRUEBLUE INC	384,599 (-49.4%)	$3.538M (-33.1%)	2.1%	$9.20	$11.05	-16.7%	COM	89785X101
UFI	UNIFI INC	326,798 (-28.4%)	$2.134M (-1.6%)	1.3%	$6.53	$9.58	-31.8%	COM NEW	904677200

Unchanged Positions (3)

SPY STATE STR SPDR S&P 500 ETF T 48.2%

Value $81.19M Shares 106,461 Share Price $762.63 Est. Cost/Share $587.78 Unrealized @ Report Date +29.7%

UUUU ENERGY FUELS INC 2.5%

Value $4.197M Shares 380,528 Share Price $11.03 Est. Cost/Share $7.31 Unrealized @ Report Date +51.0%

NXE NEXGEN ENERGY LTD 3.7%

Value $6.203M Shares 680,167 Share Price $9.12 Est. Cost/Share $5.28 Unrealized @ Report Date +72.8%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
SPY	STATE STR SPDR S&P 500 ETF T	106,461	$81.19M	48.2%	$762.63	$587.78	+29.7%	TR UNIT	78462F103
UUUU	ENERGY FUELS INC	380,528	$4.197M	2.5%	$11.03	$7.31	+51.0%	COM NEW	292671708
NXE	NEXGEN ENERGY LTD	680,167	$6.203M	3.7%	$9.12	$5.28	+72.8%	COM	65340P106