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Azora Capital LP Portfolio holdings
AUM
$2.37B
Turnover
66.67%
1-Year Est. Return
34.87%
This Fund
S&P 500
This Quarter
Est. Return
-18.38%
1 Year Est. Return
+34.87%
3 Year Est. Return
+175.11%
5 Year Est. Return
+160.22%
10 Year Est. Return
–
AUM
$627M
AUM Growth
-$154M
(-20%)
Cap. Flow
-$67.7M
Cap. Flow
% of AUM
-10.79%
Top 10 Holdings %
Top 10 Hldgs %
64.91%
Holding
50
New
14
Increased
9
Reduced
5
Closed
18
Avg Time Held Equity + Options
0.3
years
Top 10 Avg Time Held Equity + Options
0.2
years
Top 20 Avg Time Held Equity + Options
0.3
years
Avg Time Held Equity only
0.3
years
Top 10 Avg Time Held Equity only
0.2
years
Top 20 Avg Time Held Equity only
0.3
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Synovus
SNV
|
+$63.5M |
| 2 |
American Express
AXP
|
+$42.4M |
| 3 |
ISBC
Investors Bancorp, Inc.
ISBC
|
+$38.5M |
| 4 |
Synchrony
SYF
|
+$31.2M |
| 5 |
M&T Bank
MTB
|
+$29.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
SIVB
SVB Financial Group
SIVB
|
+$83.6M |
| 2 |
Citigroup
C
|
+$81.9M |
| 3 |
Wintrust Financial
WTFC
|
+$77.4M |
| 4 |
TCF
TCF Financial Corporation
TCF
|
+$32.9M |
| 5 |
Texas Capital Bancshares
TCBI
|
+$27.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 94.88% |
| 2 | Miscellaneous | 4.34% |
| 3 | Consumer Discretionary | 0.78% |
| 4 | Real Estate | 0% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
SBNY
26
DELISTED
Signature Bank
SBNY
| $5.46M | 0.87% |
+53,103
| New | +$5.98M |
2018 Q4
0 quarters
|
|
27
America's Car Mart
CRMT
$11.3M
| $4.88M | 0.78% |
+67,370
| New | +$4.95M |
2018 Q4
0 quarters
|
|
28
Origin Bancorp
OBK
$1.58B
| $4.75M | 0.76% |
139,526
| – | – |
2018 Q2
2 quarters
|
|
29
Ezcorp Inc
EZPW
$1.99B
| $4.08M | 0.65% |
527,523
-57,268
| -10% | -$542K |
2018 Q2
2 quarters
|
|
30
Bank of Marin Bancorp
BMRC
$424M
| $3.93M | 0.63% |
95,200
| – | – |
2018 Q2
2 quarters
|
|
31
Bank7 Corp
BSVN
$528M
| $2.17M | 0.35% |
162,563
+32,863
| +25% | +$572K |
2018 Q3
1 quarter
|
|
|
ACBI
32
DELISTED
Atlantic Capital Bancshares, Inc. Common Stock
ACBI
| $2.08M | 0.33% |
127,239
| – | – |
2018 Q2
2 quarters
|
|
|
33
Citigroup
C
$203B
| – | – |
-1,141,294
| Closed | -$81.9M | – |
|
34
DELISTED
Cadence Bank
CADE
| – | – |
-639,693
| Closed | -$20.9M | – |
|
35
Cushman & Wakefield Ltd
CWK
$2.69B
| – | – |
-770,176
| Closed | -$13.1M | – |
|
36
Fulton Financial
FULT
$4.19B
| – | – |
-947,588
| Closed | -$15.8M | – |
|
37
Hancock Whitney
HWC
$5.8B
| – | – |
-318,047
| Closed | -$15.1M | – |
|
38
Moelis & Co
MC
$4.01B
| – | – |
-148,187
| Closed | -$8.12M | – |
|
39
BRC Group Holdings
RILY
$181M
| – | – |
-32,400
| Closed | -$734K | – |
|
40
Seacoast Banking Corp of Florida
SBCF
$3.08B
| – | – |
-148,580
| Closed | -$4.34M | – |
|
41
Charles Schwab
SCHW
$159B
| – | – |
-391,835
| Closed | -$19.3M | – |
|
|
42
Texas Capital Bancshares
TCBI
$3.87B
| – | – |
-335,018
| Closed | -$27.7M | – |
|
43
Towne Bank
TOWN
$3.21B
| – | – |
-130,400
| Closed | -$4.02M | – |
|
44
DELISTED
Veritex Holdings
VBTX
| – | – |
-156,827
| Closed | -$4.43M | – |
|
|
45
Wintrust Financial
WTFC
$9.55B
| – | – |
-911,112
| Closed | -$77.4M | – |
|
|
CURO
46
DELISTED
CURO Group Holdings Corp.
CURO
| – | – |
-213,200
| Closed | -$6.45M | – |
|
|
ABTX
47
DELISTED
Allegiance Bancshares
ABTX
| – | – |
-101,800
| Closed | -$4.25M | – |
|
|
IBKC
48
DELISTED
IBERIABANK Corp
IBKC
| – | – |
-322,285
| Closed | -$26.2M | – |
|
|
NRE
49
DELISTED
NorthStar Realty Europe Corp.
NRE
| – | – |
-99,351
| Closed | -$1.41M | – |
|
|
SIVB
50
DELISTED
SVB Financial Group
SIVB
| – | – |
-268,989
| Closed | -$83.6M | – |
|
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Azora Capital LP's Q4 2018 Portfolio in Review
As of Q4 2018, Azora Capital LP held 50 positions worth $627M, down 20% from $781M the previous quarter. Its ten largest holdings account for 65% of the portfolio.
Azora Capital LP withdrew a net $67.7M in Q4 2018, closing 18 positions and reducing 5 holdings. Its most notable exit was SVB Financial Group, an estimated $83.6M position sold in full.
By sector, the portfolio is most concentrated in Financials at 95% of assets, down from 98% a quarter earlier, followed by Miscellaneous and Consumer Discretionary.
Against the trend, Azora Capital LP opened a new position in Synovus worth $53.8M.
- Azora Capital LP's largest Q4 2018 buy was Synovus: 1,682,681 shares worth $53.8M.
- Azora Capital LP added most to Synchrony in Q4 2018, an estimated $31.2M increase.
- Azora Capital LP's biggest Q4 2018 reduction was TCF Financial Corporation, cutting an estimated $32.9M.
- Azora Capital LP fully exited SVB Financial Group in Q4 2018, selling an estimated $83.6M.
- Azora Capital LP's ten largest holdings make up 65% of its $627M portfolio in Q4 2018.
- Azora Capital LP opened 14 new positions and closed 18 in Q4 2018.
- Azora Capital LP's portfolio value fell 20% quarter-over-quarter to $627M.
Based on Azora Capital LP's 13F filing for Q4 2018, filed 14 Feb 2019.