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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 | |
|---|---|---|---|---|---|---|---|
1
LPL Financial
LPLA
$25.5B
| $49.2M | 8.91% |
226,418
-55,471
| -20% | -$11.1M |
2020 Q4
10 quarters
|
|
2
PUT
SoFi Technologies
SOFI
$18.4B
| $42.7M | 7.73% |
+5,119,100
| New | +$33.4M |
2023 Q2
0 quarters
|
|
3
Acadian Asset Management
AAMI
$3.23B
| $34.1M | 6.18% |
1,628,343
+295,197
| +22% | +$6.57M |
2022 Q2
4 quarters
|
|
4
WisdomTree
WT
$3.19B
| $33.7M | 6.09% |
4,906,930
-2,292,050
| -32% | -$15.3M |
2020 Q4
10 quarters
|
|
|
5
DELISTED
AvidXchange
AVDX
| $24.4M | 4.41% |
2,346,429
+1,691,722
| +258% | +$15.2M |
2023 Q1
1 quarter
|
|
|
6
Q2 Holdings
QTWO
$3.71B
| $24.3M | 4.4% |
786,433
+587,595
| +296% | +$15.4M |
2023 Q1
1 quarter
|
|
7
Fidelity National Information Services
FIS
$18.3B
| $24.2M | 4.39% |
443,232
+120,902
| +38% | +$6.65M |
2022 Q4
2 quarters
|
|
8
Global Payments
GPN
$21.4B
| $22.5M | 4.07% |
228,050
-140,368
| -38% | -$14.4M |
2022 Q3
3 quarters
|
|
9
Alkami Technology
ALKT
$1.48B
| $22.2M | 4.02% |
1,354,902
+187,417
| +16% | +$2.59M |
2022 Q3
3 quarters
|
|
10
Flagstar Bank National Association
FLG
$4.61B
| $21.2M | 3.83% |
627,749
+209,818
| +50% | +$6.37M |
2023 Q1
1 quarter
|
|
|
11
Citigroup
C
$205B
| $20.3M | 3.68% |
441,473
-607,601
| -58% | -$28.5M |
2022 Q4
2 quarters
|
|
|
12
BILL Holdings
BILL
$3.77B
| $20.3M | 3.67% |
173,576
-258,033
| -60% | -$24.5M |
2022 Q2
4 quarters
|
|
|
13
CALL
nCino
NCNO
$2.08B
| $18.7M | 3.38% |
+619,800
| New | +$15.8M |
2023 Q2
0 quarters
|
|
|
14
Ameriprise Financial
AMP
$43.8B
| $17.9M | 3.25% |
+54,004
| New | +$16.6M |
2023 Q2
0 quarters
|
|
|
15
nCino
NCNO
$2.08B
| $15.7M | 2.84% |
+520,903
| New | +$13.3M |
2023 Q2
0 quarters
|
|
16
Stifel
SF
$10.2B
| $15.1M | 2.73% |
379,046
-283,338
| -43% | -$11.1M |
2023 Q1
1 quarter
|
|
17
International Bancshares
IBOC
$4.18B
| $14.9M | 2.71% |
338,119
-321,084
| -49% | -$14M |
2017 Q4
22 quarters
|
|
|
18
DELISTED
Webster Financial
WBS
| $14.6M | 2.65% |
387,880
-596,959
| -61% | -$22M |
2022 Q1
5 quarters
|
|
|
19
SoFi Technologies
SOFI
$18.4B
| $11.9M | 2.16% |
+1,432,124
| New | +$9.34M |
2023 Q2
0 quarters
|
|
|
20
DELISTED
Nuvei Corporation Subordinate Voting Shares
NVEI
| $11.2M | 2.04% |
380,544
+370,170
| +3,568% | +$13M |
2023 Q1
1 quarter
|
|
21
Cboe Global Markets
CBOE
$31.4B
| $11M | 2% |
79,868
-4,446
| -5% | -$607K |
2022 Q1
5 quarters
|
|
22
Repay Holdings
RPAY
$332M
| $9.5M | 1.72% |
1,213,333
+533,515
| +78% | +$3.59M |
2022 Q2
4 quarters
|
|
23
RenaissanceRe
RNR
$14.1B
| $9.37M | 1.7% |
+50,238
| New | +$10M |
2023 Q2
0 quarters
|
|
24
Bank of America
BAC
$359B
| $9.11M | 1.65% |
+317,364
| New | +$9.06M |
2023 Q2
0 quarters
|
|
25
DELISTED
First Foundation Inc
FFWM
| $8.25M | 1.49% |
2,078,162
+359,988
| +21% | +$1.86M |
2023 Q1
1 quarter
|
|
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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.