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
+4.37%
1 Year Est. Return
+34.87%
3 Year Est. Return
+175.11%
5 Year Est. Return
+160.22%
10 Year Est. Return
–
AUM
$1.59B
AUM Growth
-$571M
Cap. Flow
-$600M
Cap. Flow %
-37.77%
Top 10 Hldgs %
60.85%
Holding
80
New
17
Increased
18
Reduced
12
Closed
33
Avg Time Held
0.7 years
Top 10 Avg Time Held
0.9 years
Top 20 Avg Time Held
0.9 years

Top Buys

Rank Stock Value
1
BBT icon
Beacon Financial Corp
BBT
+$65M
2
BEN icon
Franklin Templeton
BEN
+$58.6M
3
OMF icon
OneMain Financial
OMF
+$56.2M
4
UWMC icon
UWM Holdings
UWMC
+$42.4M
5
UPST icon
Upstart Holdings
UPST
+$40.6M

Top Sells

Rank Stock Value
1
BAC icon
Bank of America
BAC
+$144M
2
TFC icon
Truist Financial
TFC
+$115M
3
CG icon
Carlyle Group
CG
+$67.5M
4
CMA icon
Comerica
CMA
+$65.2M
5
FHN icon
First Horizon
FHN
+$60.3M

Sector Composition

Rank Sector Weight
1 Financials 92.34%
2 Technology 7.66%
3 Consumer Discretionary 0%
4 Real Estate 0%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow Held Since
BAC icon
51
Bank of America
BAC
$359B
– –
-2,799,458
Closed -$144M –
BGC icon
52
BGC Group
BGC
$5.37B
– –
-2,265,066
Closed -$21.4M –
CG icon
53
Carlyle Group
CG
$12.7B
– –
-1,076,083
Closed -$67.5M –
CLSK icon
54
CleanSpark
CLSK
$2.37B
– –
-1,055,201
Closed -$15.3M –
CMA icon
55
DELISTED
Comerica
CMA
– –
-950,917
Closed -$65.2M –
CORZ icon
56
Core Scientific
CORZ
$4.34B
– –
-412,402
Closed -$7.4M –
EBC icon
57
Eastern Bankshares
EBC
$4.76B
– –
-2,597,878
Closed -$47.2M –
FHN icon
58
First Horizon
FHN
$10.7B
– –
-2,668,701
Closed -$60.3M –
FIBK icon
59
First Interstate BancSystem
FIBK
$3.28B
– –
-1,275,693
Closed -$40.7M –
JHG icon
60
DELISTED
Janus Henderson
JHG
– –
-306,838
Closed -$13.7M –
KEY icon
61
KeyCorp
KEY
$21.1B
– –
-485,316
Closed -$9.07M –
KMX icon
62
CarMax
KMX
$7.07B
– –
-364,571
Closed -$16.4M –
MC icon
63
Moelis & Co
MC
$4.02B
– –
-223,470
Closed -$15.9M –
MS icon
64
Morgan Stanley
MS
$285B
– –
-205,630
Closed -$32.7M –
NCNO icon
65
nCino
NCNO
$2.08B
– –
-1,144,472
Closed -$31M –
NU icon
66
Nu Holdings
NU
$72.1B
– –
-2,607,082
Closed -$41.7M –
PAYO icon
67
Payoneer
PAYO
$2.42B
– –
-1,195,140
Closed -$7.23M –
PIPR icon
68
Piper Sandler
PIPR
$4.56B
– –
-198,028
Closed -$17.2M –
PJT icon
69
PJT Partners
PJT
$3.38B
– –
-225,404
Closed -$40.1M –
SFNC icon
70
Simmons First National
SFNC
$3.19B
– –
-687,380
Closed -$13.2M –
SOFI icon
71
SoFi Technologies
SOFI
$18.4B
– –
-1,405,152
Closed -$37.1M –
STNE icon
72
StoneCo
STNE
$2.65B
– –
-1,525,339
Closed -$28.8M –
TFC icon
73
Truist Financial
TFC
$55.7B
– –
-2,524,440
Closed -$115M –
TPG icon
74
TPG
TPG
$7.04B
– –
-435,100
Closed -$25M –
WTFC icon
75
Wintrust Financial
WTFC
$9.51B
– –
-152,737
Closed -$20.2M –
1 2
3
4

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IIP
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MA
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MMLI
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FACM
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NAAA
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BPS
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GCP
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Azora Capital LP's Q4 2025 Portfolio in Review

As of Q4 2025, Azora Capital LP held 80 positions worth $1.59B, down 26% from $2.16B the previous quarter. Its ten largest holdings account for 61% of the portfolio.

Azora Capital LP withdrew a net $600M in Q4 2025, closing 33 positions and reducing 12 holdings. Its most notable exit was Bank of America, an estimated $144M position sold in full.

By sector, the portfolio is most concentrated in Financials at 92% of assets, up from 89% a quarter earlier, followed by Technology and Consumer Discretionary.

Against the trend, Azora Capital LP opened a new position in Upstart Holdings worth $38.6M.

  • Azora Capital LP's largest Q4 2025 buy was Upstart Holdings: 882,231 shares worth $38.6M.
  • Azora Capital LP added most to Beacon Financial Corp in Q4 2025, an estimated $65M increase.
  • Azora Capital LP's biggest Q4 2025 reduction was Webster Financial, cutting an estimated $38.7M.
  • Azora Capital LP fully exited Bank of America in Q4 2025, selling an estimated $144M.
  • Azora Capital LP's ten largest holdings make up 61% of its $1.59B portfolio in Q4 2025.
  • Azora Capital LP opened 17 new positions and closed 33 in Q4 2025.
  • Azora Capital LP's portfolio value fell 26% quarter-over-quarter to $1.59B.

Based on Azora Capital LP's 13F filing for Q4 2025, filed 17 Feb 2026.