Azarias Capital Reduces Stake in Metallus Inc.

Hedge fund cuts position in metal recycling company by 14.6% in Q4

Apr. 11, 2026 at 7:24am

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An extreme close-up of gears, levers, and other heavy machinery used in metal recycling, conveying the physical, industrial nature of Metallus' business through dramatic shadows and highlights.Azarias Capital's reduced stake in Metallus Inc. reflects broader caution around the industrial metals recycling sector.Philadelphia Today

Azarias Capital Management L.P., a major institutional investor, reduced its stake in Metallus Inc. (NYSE: MTUS) by 14.6% in the fourth quarter, according to a recent SEC filing. The hedge fund now owns 484,811 shares of the metal recycling company, making it Azarias' 7th largest position.

Why it matters

Azarias Capital's reduced position in Metallus could signal a shift in investor sentiment around the company, which has faced some headwinds in recent quarters. As a major shareholder, Azarias' trading activity is closely watched by the market.

The details

According to the SEC filing, Azarias Capital sold 82,675 shares of Metallus in Q4, reducing its total position to 484,811 shares. This represents about 1.16% of the company's outstanding stock. Metallus makes up 3.6% of Azarias' overall investment portfolio, making it the hedge fund's 7th largest holding.

  • Azarias Capital filed the 13F report disclosing the position change on April 11, 2026.
  • The trading activity occurred in the fourth quarter of 2025.

The players

Azarias Capital Management L.P.

A hedge fund that owns a significant stake in Metallus Inc.

Metallus Inc.

A metal recycling and distribution company traded on the NYSE under the ticker MTUS.

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The takeaway

Azarias Capital's reduced stake in Metallus could signal broader investor uncertainty around the company's performance and outlook. As a major shareholder, the hedge fund's trading activity is closely watched by the market and may influence sentiment around the stock.