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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
+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
(-20%)
Cap. Flow
-$185M
Cap. Flow
% of AUM
-33.58%
Top 10 Holdings %
Top 10 Hldgs %
54.03%
Holding
48
New
12
Increased
10
Reduced
11
Closed
15
Avg Time Held Equity + Options
0.6
years
Top 10 Avg Time Held Equity + Options
0.3
years
Top 20 Avg Time Held Equity + Options
0.4
years
Avg Time Held Equity only
0.7
years
Top 10 Avg Time Held Equity only
0.4
years
Top 20 Avg Time Held Equity only
0.4
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Ameriprise Financial
AMP
|
+$16.6M |
| 2 |
Q2 Holdings
QTWO
|
+$15.4M |
| 3 |
AvidXchange
AVDX
|
+$15.2M |
| 4 |
nCino
NCNO
|
+$13.3M |
| 5 |
Nuvei Corporation Subordinate Voting Shares
NVEI
|
+$13M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
American Express
AXP
|
+$57M |
| 2 |
Citigroup
C
|
+$28.5M |
| 3 |
Federated Hermes
FHI
|
+$25.8M |
| 4 |
BILL Holdings
BILL
|
+$24.5M |
| 5 |
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 | Held Since | |
|---|---|---|---|---|---|---|---|
26
NerdWallet
NRDS
$641M
| $8.14M | 1.47% |
864,838
+193,240
| +29% | +$2.18M |
2023 Q1
1 quarter
|
|
27
Raymond James Financial
RJF
$30.3B
| $7.83M | 1.42% |
+75,448
| New | +$7.01M |
2023 Q2
0 quarters
|
|
28
DELISTED
Janus Henderson
JHG
| $7.58M | 1.37% |
278,282
-351,411
| -56% | -$9.37M |
2023 Q1
1 quarter
|
|
29
Riot Platforms
RIOT
$5.82B
| $5.61M | 1.02% |
+474,910
| New | +$5.32M |
2023 Q2
0 quarters
|
|
30
Marqeta
MQ
$1.98B
| $4.84M | 0.88% |
+248,573
| New | +$4.51M |
2023 Q2
0 quarters
|
|
31
UWM Holdings
UWMC
$397M
| $4.35M | 0.79% |
777,481
-41,579
| -5% | -$224K |
2023 Q1
1 quarter
|
|
32
DELISTED
AssetMark Financial Holdings, Inc.
AMK
| $4.01M | 0.73% |
+135,305
| New | +$3.97M |
2023 Q2
0 quarters
|
|
33
UBS Group
UBS
$146B
| $3.57M | 0.65% |
+176,741
| New | +$3.55M |
2023 Q2
0 quarters
|
|
34
Ally Financial
ALLY
$11.5B
| – | – |
-342,113
| Closed | -$8.72M | – |
|
|
35
American Express
AXP
$212B
| – | – |
-345,661
| Closed | -$57M | – |
|
36
Expensify
EXFY
$230M
| – | – |
-19,356
| Closed | -$158K | – |
|
37
First Citizens BancShares
FCNCA
$23.7B
| – | – |
-4,375
| Closed | -$4.26M | – |
|
|
38
Federated Hermes
FHI
$4.22B
| – | – |
-642,590
| Closed | -$25.8M | – |
|
39
Jefferies Financial Group
JEF
$10.3B
| – | – |
-525,252
| Closed | -$16.7M | – |
|
40
CALL
KeyCorp
KEY
$21.3B
| – | – |
-840,000
| Closed | -$10.5M | – |
|
|
41
KeyCorp
KEY
$21.3B
| – | – |
-332,444
| Closed | -$4.16M | – |
|
42
CALL
State Street SPDR S&P Regional Banking ETF
KRE
$3.31B
| – | – |
-553,000
| Closed | -$24.3M | – |
|
43
Marathon Digital Holdings
MARA
$3.22B
| – | – |
-303,252
| Closed | -$1.04M | – |
|
44
Piper Sandler
PIPR
$4.56B
| – | – |
-241,408
| Closed | -$8.37M | – |
|
45
StoneCo
STNE
$2.62B
| – | – |
-1,791,898
| Closed | -$17.1M | – |
|
46
Visa
V
$750B
| – | – |
-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 | – |
|
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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.