Azarias Capital Management, L.P. reported 21 positions worth $82.39M for the quarter ended Sep 30, 2026, down 43.3% on the prior quarter. It opened 1 new position, added to 0, trimmed 19 and exited 1. Its largest holding is Ur-Energy Inc at 14.5% of the portfolio.
Reported 13F market value at each quarter end. A change mixes trading with price moves in the positions held.
Dollar value of shares bought and sold each quarter, at that quarter’s price. It counts trading only, not price changes.
How many positions were opened, added to, trimmed or closed each quarter.
Share of reported value in each sector at every quarter end.
| Holding | Change | Change % | Trade Value | Weight |
|---|---|---|---|---|
| LKQ Lkq Corp | +124.5K | – | $2.84M | 3.45% |
| Holding | Change | Change % | Trade Value | Weight |
|---|---|---|---|---|
| MAN ManpowerGroup Inc. | -208.5K | -78.3% | $11.59M | 3.89% |
| SDRL SEADRILL Ltd | -105.9K | -50.1% | $4.73M | 5.71% |
| MTUS Metallus Inc. | -245.1K | -58.4% | $4.65M | 4.02% |
| MLR Miller Industries Inc | -85.8K | -78.0% | $4.51M | 1.54% |
| EIG Employers Holdings, Inc. | -84.8K | -64.2% | $4.05M | 2.74% |
| TBI TrueBlue, Inc. | -374.7K | -49.4% | $3.45M | 4.29% |
| GPOR Gulfport Energy Corp | -22.3K | -48.0% | $3.36M | 4.41% |
| MOH Molina Healthcare, Inc. | -14.9K | -48.6% | $2.81M | 3.61% |
| IPI Intrepid Potash, Inc. | -80.7K | -45.3% | $2.59M | 3.8% |
| MTRX Matrix Service Co | -247.9K | -36.8% | $2.37M | 4.95% |
| Holding | Shares | Trade Value | Weight |
|---|---|---|---|
| LKQ Lkq Corp | +124.5K | $2.84M | 3.45% |
| Holding | Shares Sold | Trade Value | Prior Weight |
|---|---|---|---|
| AGX Argan Inc | -378 | $301.85K | 0.208% |
| # | Activity | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| 1 | URG Ur-Energy Inc | Energy | 11.08M | $11.97M | 14.53% | -2.12M | -16.0% | Reduced | 2.79% |
| 2 | DNN Denison Mines Corp. | Others | 4.16M | $10.77M | 13.07% | -80.0K | -1.9% | Reduced | 0.46% |
| 3 | NXE NexGen Energy Ltd. | Energy | 680.2K | $6.20M | 7.53% | -2,776 | -0.4% | Reduced | 0.12% |
| 4 | SDRL SEADRILL Ltd | Energy | 105.4K | $4.71M | 5.71% | -105.9K | -50.1% | Reduced | 0.17% |
| 5 | UUUU Energy Fuels Inc | Energy | 380.5K | $4.20M | 5.09% | 0 | 0.0% | Unchanged | 0.14% |
| 6 | MTRX Matrix Service Co | Industrials | 425.8K | $4.07M | 4.95% | -247.9K | -36.8% | Reduced | 1.5% |
| 7 | GPOR Gulfport Energy Corp | Energy | 24.1K | $3.63M | 4.41% | -22.3K | -48.0% | Reduced | 0.13% |
| 8 | TBI TrueBlue, Inc. | Industrials | 384.6K | $3.54M | 4.29% | -374.7K | -49.4% | Reduced | 1.26% |
| 9 | MPAA Motorcar Parts Of America Inc | Consumer Discretionary | 317.2K | $3.33M | 4.04% | -141.2K | -30.8% | Reduced | 1.68% |
| 10 | MTUS Metallus Inc. | Basic Materials | 174.4K | $3.31M | 4.02% | -245.1K | -58.4% | Reduced | 0.42% |
| 11 | MAN ManpowerGroup Inc. | Industrials | 57.6K | $3.20M | 3.89% | -208.5K | -78.3% | Reduced | 0.12% |
| 12 | IPI Intrepid Potash, Inc. | Basic Materials | 97.6K | $3.13M | 3.8% | -80.7K | -45.3% | Reduced | 0.74% |
| 13 | MOH Molina Healthcare, Inc. | Healthcare | 15.7K | $2.97M | 3.61% | -14.9K | -48.6% | Reduced | 0.03% |
| 14 | LKQ Lkq Corp | Consumer Discretionary | 124.5K | $2.84M | 3.45% | +124.5K | – | New | 0.05% |
| 15 | EU enCore Energy Corp. | Energy | 2.15M | $2.32M | 2.82% | -1.94M | -47.5% | Reduced | 1.11% |
Tip. Select a row to see that position’s full history at Azarias Capital Management.
As of its Q3 2026 13F filing, Azarias Capital Management, L.P.’s five largest positions were Ur-Energy Inc (URG) at 14.5%, Denison Mines Corp. (DNN) at 13.1%, NexGen Energy Ltd. (NXE) at 7.5%, SEADRILL Ltd (SDRL) at 5.7%, Energy Fuels Inc (UUUU) at 5.1% of the reported portfolio.
Azarias Capital Management, L.P. reported a 13F portfolio worth $82.39M across 21 positions for Q3 2026. That is down 43.3% from the previous quarter.
Its largest purchases by value were Lkq Corp ($2.84M). It opened 1 new positions.
Its largest sales by value were ManpowerGroup Inc. ($11.59M), SEADRILL Ltd ($4.73M), Metallus Inc. ($4.65M). It exited 1 positions entirely.
From the Form 13F-HR reports Azarias Capital Management, L.P. files with the SEC each quarter, within 45 days of quarter end. A 13F lists long positions in US-listed equities and options; it excludes short positions, cash, bonds and most non-US holdings.
13F data reflects long positions in US-listed equities and options as reported to the SEC up to 45 days after quarter end. It excludes short positions, cash, bonds and most non-US securities, so it is not a complete picture of a manager’s assets.