ACL

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
-2.24%
1 Year Est. Return
+34.87%
3 Year Est. Return
+175.11%
5 Year Est. Return
+160.22%
10 Year Est. Return
–
AUM
$686M
AUM Growth
+$24.6M
Cap. Flow
+$216M
Cap. Flow %
31.5%
Top 10 Hldgs %
58.83%
Holding
50
New
19
Increased
13
Reduced
3
Closed
14
Avg Time Held Equity + Options
0.5 years
Top 10 Avg Time Held Equity + Options
0.3 years
Top 20 Avg Time Held Equity + Options
0.3 years
Avg Time Held Equity only
0.5 years
Top 10 Avg Time Held Equity only
0.3 years
Top 20 Avg Time Held Equity only
0.3 years

Top Buys

Rank Stock Value
1
FRC
First Republic Bank
FRC
+$138M
2
GPN icon
Global Payments
GPN
+$31.6M
3
BILL icon
BILL Holdings
BILL
+$28.4M
4
SF icon
Stifel
SF
+$27.8M
5
AXP icon
American Express
AXP
+$27.6M

Top Sells

Rank Stock Value
1
SIVB
SVB Financial Group
SIVB
+$56.6M
2
BNY icon
Bank of New York Mellon
BNY
+$44.5M
3
SCHW icon
Charles Schwab
SCHW
+$37M
4
USB icon
US Bancorp
USB
+$27.4M
5
PYPL icon
PayPal
PYPL
+$22.6M

Sector Composition

Rank Sector Weight
1 Financials 70.74%
2 Technology 16.9%
3 Industrials 5.71%
4 Miscellaneous 5.07%
5 Communication Services 1.58%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow Held Since
ALLY icon
26
Ally Financial
ALLY
$11.2B
$8.72M 1.27%
+342,113
New +$9.81M
2023 Q1
0 quarters
PIPR icon
27
Piper Sandler
PIPR
$4.56B
$8.37M 1.22%
+241,408
New +$8.6M
2023 Q1
0 quarters
AVDX icon
28
DELISTED
AvidXchange
AVDX
$5.11M 0.74%
+654,707
New +$6.3M
2023 Q1
0 quarters
QTWO icon
29
Q2 Holdings
QTWO
$3.71B
$4.9M 0.71%
+198,838
New +$5.91M
2023 Q1
0 quarters
RPAY icon
30
Repay Holdings
RPAY
$332M
$4.47M 0.65%
679,818
+568,106
+509% +$4.68M
2022 Q2
3 quarters
FCNCA icon
31
First Citizens BancShares
FCNCA
$23.2B
$4.26M 0.62%
+4,375
New +$3.25M
2023 Q1
0 quarters
KEY icon
32
KeyCorp
KEY
$21.1B
$4.16M 0.61%
+332,444
New +$5.62M
2023 Q1
0 quarters
UWMC icon
33
UWM Holdings
UWMC
$349M
$4.02M 0.59%
+819,060
New +$3.59M
2023 Q1
0 quarters
MARA icon
34
Marathon Digital Holdings
MARA
$3.18B
$1.04M 0.15%
303,252
– –
2022 Q4
1 quarter
NVEI icon
35
DELISTED
Nuvei Corporation Subordinate Voting Shares
NVEI
$452K 0.07%
+10,374
New +$362K
2023 Q1
0 quarters
EXFY icon
36
Expensify
EXFY
$223M
$158K 0.02%
+19,356
New +$172K
2023 Q1
0 quarters
BNY icon
37
Bank of New York Mellon
BNY
$93.4B
– –
-978,187
Closed -$44.5M –
DFS icon
38
DELISTED
Discover Financial Services
DFS
– –
-150,010
Closed -$14.7M –
NU icon
39
Nu Holdings
NU
$72.1B
– –
-865,671
Closed -$3.52M –
PWP icon
40
Perella Weinberg Partners
PWP
$1.01B
– –
-832,860
Closed -$8.16M –
PYPL icon
41
PayPal
PYPL
$48B
– –
-316,724
Closed -$22.6M –
RELY icon
42
Remitly
RELY
$4.97B
– –
-10,285
Closed -$118K –
SCHW icon
43
Charles Schwab
SCHW
$167B
– –
-444,570
Closed -$37M –
SHOP icon
44
Shopify
SHOP
$222B
– –
-328,927
Closed -$11.4M –
STT icon
45
State Street
STT
$45.8B
– –
-36,469
Closed -$2.83M –
USB icon
46
US Bancorp
USB
$87.7B
– –
-628,362
Closed -$27.4M –
XLF icon
47
PUT
State Street Financial Select Sector SPDR ETF
XLF
$50.7B
– –
-2,160,000
Closed -$73.9M –
XYZ icon
48
Block Inc
XYZ
$45.6B
– –
-254,108
Closed -$16M –
PAYA
49
DELISTED
Paya Holdings Inc. Class A Common Stock
PAYA
– –
-970,160
Closed -$7.64M –
SIVB
50
DELISTED
SVB Financial Group
SIVB
– –
-245,791
Closed -$56.6M –
1
2

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Azora Capital LP's Q1 2023 Portfolio in Review

As of Q1 2023, Azora Capital LP held 50 positions worth $686M, up 3.7% from $662M the previous quarter. Its ten largest holdings account for 59% of the portfolio.

Azora Capital LP deployed $216M of net new capital in Q1 2023, opening 19 new positions and adding to 13 existing holdings. Its largest new stake was First Republic Bank: 1,347,652 shares worth $18.9M.

By sector, the portfolio is most concentrated in Financials at 71% of assets, down from 73% a quarter earlier, followed by Technology and Industrials.

On the sell side, the largest reduction was Cboe Global Markets, an estimated $4.92M trimmed.

  • Azora Capital LP's largest Q1 2023 buy was First Republic Bank: 1,347,652 shares worth $18.9M.
  • Azora Capital LP added most to Global Payments in Q1 2023, an estimated $31.6M increase.
  • Azora Capital LP's biggest Q1 2023 reduction was Cboe Global Markets, cutting an estimated $4.92M.
  • Azora Capital LP fully exited SVB Financial Group in Q1 2023, selling an estimated $56.6M.
  • Azora Capital LP's ten largest holdings make up 59% of its $686M portfolio in Q1 2023.
  • Azora Capital LP opened 19 new positions and closed 14 in Q1 2023.
  • Azora Capital LP's portfolio value rose 3.7% quarter-over-quarter to $686M.

Based on Azora Capital LP's 13F filing for Q1 2023, filed 15 May 2023.