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
LPLA icon
1
LPL Financial
LPLA
$25.5B
$57.1M 8.31%
281,889
+22,584
+9% +$5.16M
2020 Q4
9 quarters
AXP icon
2
American Express
AXP
$207B
$57M 8.31%
345,661
+166,076
+92% +$27.6M
2022 Q4
1 quarter
C icon
3
Citigroup
C
$205B
$49.2M 7.17%
1,049,074
+367,582
+54% +$18M
2022 Q4
1 quarter
WT icon
4
WisdomTree
WT
$3.19B
$42.2M 6.15%
7,198,980
-101,612
-1% -$592K
2020 Q4
9 quarters
WBS icon
5
DELISTED
Webster Financial
WBS
$38.8M 5.66%
984,839
+289,731
+42% +$13.9M
2022 Q1
4 quarters
GPN icon
6
Global Payments
GPN
$21.4B
$38.8M 5.65%
368,418
+291,350
+378% +$31.6M
2022 Q3
2 quarters
BILL icon
7
BILL Holdings
BILL
$3.77B
$35M 5.1%
431,609
+306,099
+244% +$28.4M
2022 Q2
3 quarters
AAMI icon
8
Acadian Asset Management
AAMI
$3.23B
$31.4M 4.58%
1,333,146
-120,099
-8% -$2.83M
2022 Q2
3 quarters
IBOC icon
9
International Bancshares
IBOC
$4.18B
$28.2M 4.11%
659,203
+227,206
+53% +$10.3M
2017 Q4
21 quarters
SF icon
10
Stifel
SF
$10.2B
$26.1M 3.8%
+662,384
New +$27.8M
2023 Q1
0 quarters
FHI icon
11
Federated Hermes
FHI
$4.1B
$25.8M 3.76%
642,590
+228,792
+55% +$8.98M
2022 Q3
2 quarters
KRE icon
12
CALL
State Street SPDR S&P Regional Banking ETF
KRE
$3.25B
$24.3M 3.53%
+553,000
New +$31.4M
2023 Q1
0 quarters
FRC
13
DELISTED
First Republic Bank
FRC
$18.9M 2.75%
+1,347,652
New +$138M
2023 Q1
0 quarters
FIS icon
14
Fidelity National Information Services
FIS
$18.3B
$17.5M 2.55%
322,330
+112,403
+54% +$7.32M
2022 Q4
1 quarter
STNE icon
15
StoneCo
STNE
$2.65B
$17.1M 2.49%
1,791,898
+543,199
+44% +$5.2M
2022 Q4
1 quarter
BKI
16
DELISTED
Black Knight, Inc. Common Stock
BKI
$17M 2.47%
294,685
+231,400
+366% +$13.8M
2022 Q4
1 quarter
JHG icon
17
DELISTED
Janus Henderson
JHG
$16.8M 2.44%
+629,693
New +$16.8M
2023 Q1
0 quarters
JEF icon
18
Jefferies Financial Group
JEF
$10.1B
$16.7M 2.43%
+525,252
New +$19M
2023 Q1
0 quarters
ALKT icon
19
Alkami Technology
ALKT
$1.48B
$14.8M 2.15%
1,167,485
+70,566
+6% +$1.04M
2022 Q3
2 quarters
FFWM icon
20
DELISTED
First Foundation Inc
FFWM
$12.8M 1.86%
+1,718,174
New +$22.9M
2023 Q1
0 quarters
V icon
21
Visa
V
$735B
$11.4M 1.66%
+50,529
New +$11.2M
2023 Q1
0 quarters
FLG icon
22
Flagstar Bank National Association
FLG
$4.61B
$11.3M 1.65%
+417,931
New +$11.3M
2023 Q1
0 quarters
CBOE icon
23
Cboe Global Markets
CBOE
$31.4B
$11.3M 1.65%
84,314
-39,162
-32% -$4.92M
2022 Q1
4 quarters
NRDS icon
24
NerdWallet
NRDS
$610M
$10.9M 1.58%
+671,598
New +$10.1M
2023 Q1
0 quarters
KEY icon
25
CALL
KeyCorp
KEY
$21.1B
$10.5M 1.53%
+840,000
New +$14.2M
2023 Q1
0 quarters
1
2

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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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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.