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Conviction investing in small U.S. companies on the cusp of a fundamental recovery.


Founded in 2014 by Managing Partner and CIO, Daren Heitman, Azarias is an asset manager that invests with conviction in small and microcap companies within the United States.
There are three foundational pillars to who we are, what we do and how we do it…


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We track a universe of small, lesser-known companies, focusing exclusively in the U.S. small and microcap value space. We invest when we identify a tangible catalyst, capable of unlocking meaningful stock price appreciation.
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Our portfolio provides high-conviction exposure to an uncommon selection of stocks.
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We are an employee-owned boutique company with a disruptive business model designed to maximize alignment with those that entrust us with capital.