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ACL

Azora Capital LP Portfolio holdings

AUM $2.37B
1-Year Est. Return 34.87%
This Fund
S&P 500
This Quarter Est. Return
+8.44%
1 Year Est. Return
+34.87%
3 Year Est. Return
+175.11%
5 Year Est. Return
+160.22%
10 Year Est. Return
–
AUM
$552M
AUM Growth
-$134M
Cap. Flow
-$185M
Cap. Flow %
-33.58%
Top 10 Hldgs %
54.03%
Holding
48
New
12
Increased
10
Reduced
11
Closed
15

Top Buys

Rank Stock Value
1
AMP icon
Ameriprise Financial
AMP
+$16.6M
2
QTWO icon
Q2 Holdings
QTWO
+$15.4M
3
AVDX
AvidXchange
AVDX
+$15.2M
4
NCNO icon
nCino
NCNO
+$13.3M
5
NVEI
Nuvei Corporation Subordinate Voting Shares
NVEI
+$13M

Top Sells

Rank Stock Value
1
AXP icon
American Express
AXP
+$57M
2
C icon
Citigroup
C
+$28.5M
3
FHI icon
Federated Hermes
FHI
+$25.8M
4
BILL icon
BILL Holdings
BILL
+$24.5M
5
WBS
Webster Financial
WBS
+$22M

Sector Composition

Rank Sector Weight
1 Financials 54.99%
2 Technology 26.33%
3 Miscellaneous 11.11%
4 Industrials 6.1%
5 Communication Services 1.47%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
NRDS icon
26
NerdWallet
NRDS
$633M
$8.14M 1.47%
864,838
+193,240
+29% +$2.18M
RJF icon
27
Raymond James Financial
RJF
$34.5B
$7.83M 1.42%
+75,448
New +$7.01M
JHG
28
DELISTED
Janus Henderson
JHG
$7.58M 1.37%
278,282
-351,411
-56% -$9.37M
RIOT icon
29
Riot Platforms
RIOT
$7.13B
$5.61M 1.02%
+474,910
New +$5.32M
MQ icon
30
Marqeta
MQ
$1.71B
$4.84M 0.88%
+248,573
New +$4.51M
UWMC icon
31
UWM Holdings
UWMC
$2.39B
$4.35M 0.79%
777,481
-41,579
-5% -$224K
AMK
32
DELISTED
AssetMark Financial Holdings, Inc.
AMK
$4.01M 0.73%
+135,305
New +$3.97M
UBS icon
33
UBS Group
UBS
$168B
$3.57M 0.65%
+176,741
New +$3.55M
ALLY icon
34
Ally Financial
ALLY
$12.8B
– –
-342,113
Closed -$8.72M
AXP icon
35
American Express
AXP
$225B
– –
-345,661
Closed -$57M
EXFY icon
36
Expensify
EXFY
$235M
– –
-19,356
Closed -$158K
FCNCA icon
37
First Citizens BancShares
FCNCA
$24.8B
– –
-4,375
Closed -$4.26M
FHI icon
38
Federated Hermes
FHI
$4.81B
– –
-642,590
Closed -$25.8M
JEF icon
39
Jefferies Financial Group
JEF
$12.2B
– –
-525,252
Closed -$16.7M
KEY icon
40
CALL
KeyCorp
KEY
$23.4B
– –
-840,000
Closed -$10.5M
KEY icon
41
KeyCorp
KEY
$23.4B
– –
-332,444
Closed -$4.16M
KRE icon
42
CALL
State Street SPDR S&P Regional Banking ETF
KRE
$4.04B
– –
-553,000
Closed -$24.3M
MARA icon
43
Marathon Digital Holdings
MARA
$4.12B
– –
-303,252
Closed -$1.04M
PIPR icon
44
Piper Sandler
PIPR
$5.34B
– –
-241,408
Closed -$8.37M
STNE icon
45
StoneCo
STNE
$2.24B
– –
-1,791,898
Closed -$17.1M
V icon
46
Visa
V
$712B
– –
-50,529
Closed -$11.4M
BKI
47
DELISTED
Black Knight, Inc. Common Stock
BKI
– –
-294,685
Closed -$17M
FRC
48
DELISTED
First Republic Bank
FRC
– –
-1,347,652
Closed -$18.9M
1
2

Similar funds

LOAME
Lombard Odier Asset Management (Europe) London, United Kingdom $2.37B AUM 28.81% 1-Year Est. Return
IIP
Intermede Investment Partners London, United Kingdom $2.38B AUM 19.53% 1-Year Est. Return
MA
Montag & Associates Atlanta, Georgia $2.37B AUM 28.86% 1-Year Est. Return
MMLI
Massachusetts Mutual Life Insurance Springfield, Massachusetts $2.38B AUM 57.6% 1-Year Est. Return
FACM
Forest Avenue Capital Management Miami, Florida $2.38B AUM 88.67% 1-Year Est. Return
NAAA
New Age Alpha Advisors Rye, New York $2.37B AUM 45.79% 1-Year Est. Return
BPS
BNDES Participacoes SA Rio De Janeiro, Brazil $2.36B AUM
GCP
Greenoaks Capital Partners Orinda, California $2.36B AUM 17.42% 1-Year Est. Return

Azora Capital LP's Q2 2023 Portfolio in Review

As of Q2 2023, Azora Capital LP held 48 positions worth $552M, down 20% from $686M the previous quarter. Its ten largest holdings account for 54% of the portfolio.

Azora Capital LP withdrew a net $185M in Q2 2023, closing 15 positions and reducing 11 holdings. Its most notable exit was American Express, an estimated $57M position sold in full.

By sector, the portfolio is most concentrated in Financials at 55% of assets, down from 71% a quarter earlier, followed by Technology and Miscellaneous.

Against the trend, Azora Capital LP opened a new position in Ameriprise Financial worth $17.9M.

  • Azora Capital LP's largest Q2 2023 buy was Ameriprise Financial: 54,004 shares worth $17.9M.
  • Azora Capital LP added most to Q2 Holdings in Q2 2023, an estimated $15.4M increase.
  • Azora Capital LP's biggest Q2 2023 reduction was Citigroup, cutting an estimated $28.5M.
  • Azora Capital LP fully exited American Express in Q2 2023, selling an estimated $57M.
  • Azora Capital LP's ten largest holdings make up 54% of its $552M portfolio in Q2 2023.
  • Azora Capital LP opened 12 new positions and closed 15 in Q2 2023.
  • Azora Capital LP's portfolio value fell 20% quarter-over-quarter to $552M.

Based on Azora Capital LP's 13F filing for Q2 2023, filed 14 Aug 2023.