Azarias Capital Management, L.P. - Q42025 Holdings

Azarias Capital Management, L.P. holds 25 stocks with a total portfolio value of $ 228.42M as of Q42025. In Q42025, Azarias Capital Management, L.P. added 2 new positions, increased stakes in 7 stocks, reduced 12 holdings, and fully exited 1 position. The largest holding is Spdr S&P 500 Etf Tr (SPY), representing 31.78% of the total portfolio.