Azarias Capital Management, L.P.

Q1 2026 13F-HR Holdings

Location
Berwyn, PA
Holdings as of
3/31/2026
Date filed
4/16/2026
Form type
13F-HR
Num holdings
24
Total value ($000)
$223,142
Net value change ($000)
-5,277 (-2.3%)
New positions
3
Sold out positions
4
Turnover %
11.1%
Sector allocation + QoQ delta (equities-only)
Prev filing: 1/23/2026 Next filing: — SEC filing

Snapshot: Change Analysis

Compared to Q4 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
SDRL 6,217 NEW
MLR 3,533 236.0%
MPAA 3,224 120.7%
EIG 2,784 93.3%
AVT 2,707 NEW
DNN 2,543 32.7%
MAN 1,328 15.4%
GPOR 952 12.0%
URG 879 4.5%
UUUU 852 14.0%
Top Reduces (Value $000, Stocks/ETFs)
KMT -6,088 -100.0%
EXK -5,922 -100.0%
COHU -3,696 -67.0%
SPY -3,362 -4.6%
CCJ -2,555 -31.8%
NXE -2,012 -20.3%
SCHL -1,823 -100.0%
VPG -1,696 -100.0%
SMP -1,180 -21.1%
EU -1,127 -11.0%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type