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ACL

Azora Capital LP Portfolio holdings

AUM $2.37B
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
Cap. Flow
-$185M
Cap. Flow %
-33.58%
Top 10 Hldgs %
54.03%
Holding
48
New
12
Increased
10
Reduced
11
Closed
15

Top Buys

Rank Stock Value
1
AMP icon
Ameriprise Financial
AMP
+$16.6M
2
QTWO icon
Q2 Holdings
QTWO
+$15.4M
3
AVDX
AvidXchange
AVDX
+$15.2M
4
NCNO icon
nCino
NCNO
+$13.3M
5
NVEI
Nuvei Corporation Subordinate Voting Shares
NVEI
+$13M

Top Sells

Rank Stock Value
1
AXP icon
American Express
AXP
+$57M
2
C icon
Citigroup
C
+$28.5M
3
FHI icon
Federated Hermes
FHI
+$25.8M
4
BILL icon
BILL Holdings
BILL
+$24.5M
5
WBS
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
LPLA icon
1
LPL Financial
LPLA
$29.2B
$49.2M 8.91%
226,418
-55,471
-20% -$11.1M
SOFI icon
2
PUT
SoFi Technologies
SOFI
$23.3B
$42.7M 7.73%
+5,119,100
New +$33.4M
AAMI
3
Acadian Asset Management
AAMI
$3.4B
$34.1M 6.18%
1,628,343
+295,197
+22% +$6.57M
WT icon
4
WisdomTree
WT
$3.7B
$33.7M 6.09%
4,906,930
-2,292,050
-32% -$15.3M
AVDX
5
DELISTED
AvidXchange
AVDX
$24.4M 4.41%
2,346,429
+1,691,722
+258% +$15.2M
QTWO icon
6
Q2 Holdings
QTWO
$4.06B
$24.3M 4.4%
786,433
+587,595
+296% +$15.4M
FIS icon
7
Fidelity National Information Services
FIS
$21.4B
$24.2M 4.39%
443,232
+120,902
+38% +$6.65M
GPN icon
8
Global Payments
GPN
$24.3B
$22.5M 4.07%
228,050
-140,368
-38% -$14.4M
ALKT icon
9
Alkami Technology
ALKT
$2.16B
$22.2M 4.02%
1,354,902
+187,417
+16% +$2.59M
FLG
10
Flagstar Bank National Association
FLG
$5.58B
$21.2M 3.83%
627,749
+209,818
+50% +$6.37M
C icon
11
Citigroup
C
$223B
$20.3M 3.68%
441,473
-607,601
-58% -$28.5M
BILL icon
12
BILL Holdings
BILL
$5.01B
$20.3M 3.67%
173,576
-258,033
-60% -$24.5M
NCNO icon
13
CALL
nCino
NCNO
$2.43B
$18.7M 3.38%
+619,800
New +$15.8M
AMP icon
14
Ameriprise Financial
AMP
$49.4B
$17.9M 3.25%
+54,004
New +$16.6M
NCNO icon
15
nCino
NCNO
$2.43B
$15.7M 2.84%
+520,903
New +$13.3M
SF
16
Stifel
SF
$12.3B
$15.1M 2.73%
379,046
-283,338
-43% -$11.1M
IBOC icon
17
International Bancshares
IBOC
$4.41B
$14.9M 2.71%
338,119
-321,084
-49% -$14M
WBS
18
DELISTED
Webster Financial
WBS
$14.6M 2.65%
387,880
-596,959
-61% -$22M
SOFI icon
19
SoFi Technologies
SOFI
$23.3B
$11.9M 2.16%
+1,432,124
New +$9.34M
NVEI
20
DELISTED
Nuvei Corporation Subordinate Voting Shares
NVEI
$11.2M 2.04%
380,544
+370,170
+3,568% +$13M
CBOE icon
21
Cboe Global Markets
CBOE
$32.4B
$11M 2%
79,868
-4,446
-5% -$607K
RPAY icon
22
Repay Holdings
RPAY
$310M
$9.5M 1.72%
1,213,333
+533,515
+78% +$3.59M
RNR icon
23
RenaissanceRe
RNR
$13.7B
$9.37M 1.7%
+50,238
New +$10M
BAC icon
24
Bank of America
BAC
$436B
$9.11M 1.65%
+317,364
New +$9.06M
FFWM
25
DELISTED
First Foundation Inc
FFWM
$8.25M 1.49%
2,078,162
+359,988
+21% +$1.86M
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 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.