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
+7.33%
1 Year Est. Return
+34.87%
3 Year Est. Return
+175.11%
5 Year Est. Return
+160.22%
10 Year Est. Return
–
AUM
$1.38B
AUM Growth
+$217M
Cap. Flow
+$202M
Cap. Flow %
14.66%
Top 10 Hldgs %
47.02%
Holding
67
New
21
Increased
20
Reduced
11
Closed
13
Avg Time Held Equity + Options
0.6 years
Top 10 Avg Time Held Equity + Options
0.5 years
Top 20 Avg Time Held Equity + Options
0.6 years
Avg Time Held Equity only
0.6 years
Top 10 Avg Time Held Equity only
0.6 years
Top 20 Avg Time Held Equity only
0.6 years

Top Buys

Rank Stock Value
1
HBAN icon
Huntington Bancshares
HBAN
+$51.3M
2
CMA icon
Comerica
CMA
+$44.8M
3
SEIC icon
SEI Investments
SEIC
+$41.2M
4
BANC icon
Banc of California
BANC
+$40.5M
5
COLB icon
Columbia Banking Systems
COLB
+$36M

Top Sells

Rank Stock Value
1
C icon
Citigroup
C
+$65.5M
2
TFC icon
Truist Financial
TFC
+$50.5M
3
JPM icon
JPMorgan Chase
JPM
+$39.5M
4
PB icon
Prosperity Bancshares
PB
+$26.8M
5
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$26.7M

Sector Composition

Rank Sector Weight
1 Financials 81.39%
2 Technology 11.94%
3 Communication Services 2.1%
4 Real Estate 2.1%
5 Consumer Discretionary 1.86%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow Held Since
NCNO icon
26
nCino
NCNO
$2.08B
$23.8M 1.73%
637,890
-215,409
-25% -$6.78M
2023 Q2
3 quarters
TFC icon
27
Truist Financial
TFC
$55.7B
$22.8M 1.65%
583,794
-1,379,860
-70% -$50.5M
2023 Q4
1 quarter
RITM icon
28
Rithm Capital
RITM
$4.66B
$22.6M 1.64%
+2,023,703
New +$21.7M
2024 Q1
0 quarters
UBS icon
29
UBS Group
UBS
$144B
$21.2M 1.53%
687,607
+18,221
+3% +$538K
2023 Q2
3 quarters
AMK icon
30
DELISTED
AssetMark Financial Holdings, Inc.
AMK
$18.4M 1.33%
518,531
+53,176
+11% +$1.74M
2023 Q2
3 quarters
TRU icon
31
TransUnion
TRU
$12.8B
$18.1M 1.31%
+227,407
New +$16.7M
2024 Q1
0 quarters
TOST icon
32
Toast
TOST
$17.3B
$16M 1.16%
+640,795
New +$13.3M
2024 Q1
0 quarters
AVDX icon
33
DELISTED
AvidXchange
AVDX
$11.4M 0.83%
868,978
+627,994
+261% +$7.54M
2023 Q1
4 quarters
JPM icon
34
JPMorgan Chase
JPM
$890B
$11.3M 0.82%
56,293
-218,714
-80% -$39.5M
2023 Q3
2 quarters
MKTX icon
35
MarketAxess Holdings
MKTX
$5.79B
$10.9M 0.79%
+49,676
New +$11.7M
2024 Q1
0 quarters
FHI icon
36
Federated Hermes
FHI
$4.1B
$10.8M 0.78%
+299,438
New +$10.5M
2024 Q1
0 quarters
FLYW icon
37
Flywire
FLYW
$2.2B
$9.4M 0.68%
378,833
+54,567
+17% +$1.27M
2023 Q4
1 quarter
FDS icon
38
Factset
FDS
$10.3B
$8.62M 0.62%
+18,962
New +$8.84M
2024 Q1
0 quarters
CFFN icon
39
Capitol Federal Financial
CFFN
$1.01B
$7.79M 0.56%
1,307,113
+523,605
+67% +$3.12M
2023 Q4
1 quarter
COIN icon
40
Coinbase
COIN
$45.6B
$7.11M 0.52%
+26,824
New +$4.83M
2024 Q1
0 quarters
ABR icon
41
Arbor Realty Trust
ABR
$487M
$6.36M 0.46%
479,890
-503,805
-51% -$6.75M
2023 Q4
1 quarter
HAPN icon
42
Happen Inc
HAPN
$1.64B
$6.05M 0.44%
+687,840
New +$5.76M
2024 Q1
0 quarters
COF icon
43
Capital One
COF
$119B
$5.99M 0.43%
+40,240
New +$5.45M
2024 Q1
0 quarters
UPST icon
44
Upstart Holdings
UPST
$2.21B
$5.65M 0.41%
+210,241
New +$6.22M
2024 Q1
0 quarters
RIOT icon
45
Riot Platforms
RIOT
$5.67B
$5.61M 0.41%
458,594
+108,903
+31% +$1.42M
2023 Q4
1 quarter
MQ icon
46
Marqeta
MQ
$1.89B
$5.55M 0.4%
232,975
-574,595
-71% -$14.2M
2023 Q2
3 quarters
NVEI icon
47
DELISTED
Nuvei Corporation Subordinate Voting Shares
NVEI
$3.48M 0.25%
110,158
-279,505
-72% -$7.07M
2023 Q4
1 quarter
NYAX icon
48
Nayax
NYAX
$1.67B
$2.41M 0.17%
+91,850
New +$2.31M
2024 Q1
0 quarters
RKT icon
49
Rocket Companies
RKT
$29.8B
$1.95M 0.14%
+134,215
New +$1.67M
2024 Q1
0 quarters
UWMC icon
50
UWM Holdings
UWMC
$349M
$1.42M 0.1%
195,308
-742,460
-79% -$5.01M
2023 Q4
1 quarter
1
2
3

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IIP
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MA
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MMLI
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FACM
Forest Avenue Capital Management Miami, Florida $2.38B AUM 88.67% 1-Year Est. Return
NAAA
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BPS
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GCP
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Azora Capital LP's Q1 2024 Portfolio in Review

As of Q1 2024, Azora Capital LP held 67 positions worth $1.38B, up 19% from $1.16B the previous quarter. Its ten largest holdings account for 47% of the portfolio.

Azora Capital LP deployed $202M of net new capital in Q1 2024, opening 21 new positions and adding to 20 existing holdings. Its largest new stake was Huntington Bancshares: 3,959,512 shares worth $55.2M.

By sector, the portfolio is most concentrated in Financials at 81% of assets, up from 71% a quarter earlier, followed by Technology and Communication Services.

On the sell side, the largest reduction was Truist Financial, an estimated $50.5M trimmed.

  • Azora Capital LP's largest Q1 2024 buy was Huntington Bancshares: 3,959,512 shares worth $55.2M.
  • Azora Capital LP added most to Comerica in Q1 2024, an estimated $44.8M increase.
  • Azora Capital LP's biggest Q1 2024 reduction was Truist Financial, cutting an estimated $50.5M.
  • Azora Capital LP fully exited Citigroup in Q1 2024, selling an estimated $65.5M.
  • Azora Capital LP's ten largest holdings make up 47% of its $1.38B portfolio in Q1 2024.
  • Azora Capital LP opened 21 new positions and closed 13 in Q1 2024.
  • Azora Capital LP's portfolio value rose 19% quarter-over-quarter to $1.38B.

Based on Azora Capital LP's 13F filing for Q1 2024, filed 15 May 2024.