Azarias Capital Management, L.P. 13F annual report
Azarias Capital Management, L.P. is an investment fund managing more than $238 billion ran by Colleen Kelly. There are currently 22 companies in Mrs. Kelly’s portfolio. The largest investments include Ur- and Encore Energy Corp, together worth $41.3 billion.
$238 billion Assets Under Management (AUM)
As of 12th April 2024, Azarias Capital Management, L.P.’s top holding is 14,584,181 shares of Ur- currently worth over $23.3 billion and making up 9.8% of the portfolio value.
Relative to the number of outstanding shares of Ur-, Azarias Capital Management, L.P. owns less than approximately 0.1% of the company.
In addition, the fund holds 3,758,493 shares of Encore Energy Corp worth $18 billion.
The third-largest holding is NexGen Ltd worth $16.1 billion and the next is MAG Silver worth $14.9 billion, with 1,405,136 shares owned.
Currently, Azarias Capital Management, L.P.'s portfolio is worth at least $238 billion. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Azarias Capital Management, L.P.
The Azarias Capital Management, L.P. office and employees reside in Berwyn, Pennsylvania. According to the last 13-F report filed with the SEC, Colleen Kelly serves as the Chief Compliance Officer at Azarias Capital Management, L.P..
Recent trades
In the most recent 13F filing, Azarias Capital Management, L.P. revealed that it had opened a new position in
Kennametal and bought 192,260 shares worth $4.79 billion.
This means they effectively own approximately 0.1% of the company.
Kennametal makes up
19.6%
of the fund's Industrials sector allocation and has decreased its share price by 8.7% in the past year.
The investment fund also strengthened its position in Ur- by buying
165,082 additional shares.
This makes their stake in Ur- total 14,584,181 shares worth $23.3 billion.
Ur- soared 87.3% in the past year.
On the other hand, there are companies that Azarias Capital Management, L.P. is getting rid of from its portfolio.
Azarias Capital Management, L.P. closed its position in Graham on 19th April 2024.
It sold the previously owned 114,367 shares for $2.17 billion.
Colleen Kelly also disclosed a decreased stake in NexGen Ltd by 0.3%.
This leaves the value of the investment at $16.1 billion and 2,077,577 shares.
One of the smaller hedge funds
The two most similar investment funds to Azarias Capital Management, L.P. are True Wealth Design and Ria Advisory. They manage $238 billion and $238 billion respectively.
Colleen Kelly investment strategy
Azarias Capital Management, L.P.’s portfolio is diversified across 6 sectors.
Currently, their heaviest sector is Materials — making up 35.5% of
the total portfolio value.
The fund focuses on investments in the United States as
40.9% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
approximately 0.1% of the total holdings value.
On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio.
The average market cap of the portfolio companies is close to $1.63 billion.
The complete list of Azarias Capital Management, L.P. trades based on 13F SEC filings
These positions were updated on April 19th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| Ur-Energy Inc. |
1.14%
14,584,181
|
$23,334,690,000 | 9.78% |
| Encore Energy Corp |
231.99%
3,758,493
|
$18,013,174,000 | 7.55% |
| NexGen Energy Ltd |
27.12%
2,077,577
|
$16,142,773,000 | 6.77% |
| MAG Silver Corp. |
73.72%
1,405,136
|
$14,866,339,000 | 6.23% |
| Intrepid Potash Inc |
12.19%
677,704
|
$14,136,905,000 | 5.93% |
| Stewart Information Svcs Cor |
No change
211,081
|
$13,732,930,000 | 5.76% |
| Matrix Svc Co |
21.45%
991,107
|
$12,914,124,000 | 5.41% |
| Hooker Furnishings Corporati |
0.71%
504,196
|
$12,105,746,000 | 5.08% |
| Cameco Corp. |
43.19%
262,135
|
$11,355,688,000 | 4.76% |
| TrueBlue Inc |
196.67%
886,121
|
$11,094,235,000 | 4.65% |
| Healthcare Svcs Group Inc |
31.12%
814,069
|
$10,159,581,000 | 4.26% |
| Ishares Tr |
19.54%
89,576
|
$15,589,174,000 | 6.54% |
| Motorcar Pts Amer Inc |
0.13%
1,213,502
|
$9,756,556,000 | 4.09% |
| Argan, Inc. |
6.54%
168,719
|
$8,527,058,000 | 3.58% |
| UNIFI, Inc. |
0.62%
1,371,925
|
$8,217,831,000 | 3.45% |
| Scholastic Corp. |
No change
199,445
|
$7,521,071,000 | 3.15% |
| Foster L B Co |
21.19%
272,609
|
$7,444,952,000 | 3.12% |
| EZCorp, Inc. |
46.01%
532,171
|
$6,029,497,000 | 2.53% |
| Denison Mines Corp |
6.01%
2,910,404
|
$5,675,288,000 | 2.38% |
| Energy Fuels Inc |
4.04%
783,601
|
$4,928,850,000 | 2.07% |
| Kennametal Inc. |
Opened
192,260
|
$4,794,964,000 | 2.01% |
| Graham Corp. |
Closed
114,367
|
$2,169,542,000 | |
| Hamilton Beach Brands Hldg C |
41.34%
88,611
|
$2,158,564,000 | 0.91% |
| No transactions found | |||
| Showing first 500 out of 23 holdings | |||
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