Azarias Capital Management, L.P.

Comprehensive Analysis of Azarias Capital Management 13F Filing

Report Period: Q4 2025 (Ending December 31, 2025)

1. Portfolio Overview

Azarias Capital Management reported a significant expansion in portfolio value during the quarter ending December 31, 2025. The total assets under management (AUM) grew by 37.3%, rising from $166.31M to $228.42M. This growth was driven by a combination of market performance and substantial capital deployment, evidenced by the initiation of ...