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
+23.06%
1 Year Est. Return
+34.87%
3 Year Est. Return
+175.11%
5 Year Est. Return
+160.22%
10 Year Est. Return
–
AUM
$1.16B
AUM Growth
+$228M
Cap. Flow
+$36.2M
Cap. Flow %
3.11%
Top 10 Hldgs %
52.78%
Holding
66
New
20
Increased
14
Reduced
10
Closed
21
Avg Time Held Equity + Options
0.6 years
Top 10 Avg Time Held Equity + Options
0.4 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
0.5 years
Top 20 Avg Time Held Equity only
0.6 years

Top Buys

Rank Stock Value
1
TFC icon
Truist Financial
TFC
+$61.6M
2
CMA icon
Comerica
CMA
+$51.5M
3
C icon
Citigroup
C
+$46.3M
4
MELI icon
Mercado Libre
MELI
+$44.9M
5
WBS icon
Webster Financial
WBS
+$37.9M

Top Sells

Rank Stock Value
1
BILL icon
BILL Holdings
BILL
+$60.7M
2
CBOE icon
Cboe Global Markets
CBOE
+$33.7M
3
MQ icon
Marqeta
MQ
+$33.2M
4
BNY icon
Bank of New York Mellon
BNY
+$27.2M
5
PB icon
Prosperity Bancshares
PB
+$21.3M

Sector Composition

Rank Sector Weight
1 Financials 70.75%
2 Technology 13.93%
3 Miscellaneous 7.53%
4 Consumer Discretionary 4.28%
5 Communication Services 1.33%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow Held Since
WBS icon
1
DELISTED
Webster Financial
WBS
$75M 6.44%
1,477,198
+877,540
+146% +$37.9M
2022 Q1
7 quarters
LPLA icon
2
LPL Financial
LPLA
$25.5B
$74.4M 6.39%
326,796
+3,648
+1% +$820K
2020 Q4
12 quarters
TFC icon
3
Truist Financial
TFC
$55.7B
$72.5M 6.23%
+1,963,654
New +$61.6M
2023 Q4
0 quarters
C icon
4
Citigroup
C
$205B
$65.5M 5.62%
1,272,608
+1,045,294
+460% +$46.3M
2022 Q4
4 quarters
CMA icon
5
DELISTED
Comerica
CMA
$63.5M 5.46%
+1,138,651
New +$51.5M
2023 Q4
0 quarters
SOFI icon
6
PUT
SoFi Technologies
SOFI
$18.4B
$61M 5.24%
+6,133,400
New +$48.8M
2023 Q4
0 quarters
WT icon
7
WisdomTree
WT
$3.19B
$54M 4.64%
7,793,321
+268,277
+4% +$1.78M
2020 Q4
12 quarters
KEY icon
8
KeyCorp
KEY
$21.1B
$51.8M 4.45%
3,598,774
+2,204,720
+158% +$26.2M
2023 Q3
1 quarter
MELI icon
9
Mercado Libre
MELI
$93.2B
$49.8M 4.28%
+31,710
New +$44.9M
2023 Q4
0 quarters
JPM icon
10
JPMorgan Chase
JPM
$890B
$46.8M 4.02%
275,007
-19,024
-6% -$2.88M
2023 Q3
1 quarter
AAMI icon
11
Acadian Asset Management
AAMI
$3.23B
$40.5M 3.48%
2,115,143
+88,859
+4% +$1.57M
2022 Q2
6 quarters
LSPD icon
12
Lightspeed Commerce
LSPD
$1.33B
$33.2M 2.85%
1,579,312
+901,861
+133% +$14.3M
2023 Q3
1 quarter
IBOC icon
13
International Bancshares
IBOC
$4.18B
$30M 2.58%
552,659
-238,253
-30% -$11.1M
2017 Q4
24 quarters
FFWM icon
14
DELISTED
First Foundation Inc
FFWM
$29.4M 2.52%
3,033,696
+90,840
+3% +$579K
2023 Q1
3 quarters
NCNO icon
15
nCino
NCNO
$2.08B
$28.7M 2.47%
853,299
-308,413
-27% -$9.18M
2023 Q2
2 quarters
PB icon
16
Prosperity Bancshares
PB
$8.02B
$26.8M 2.3%
396,129
-363,680
-48% -$21.3M
2023 Q3
1 quarter
SPY icon
17
State Street SPDR S&P 500 ETF Trust
SPY
$813B
$26.7M 2.29%
+56,140
New +$25M
2023 Q4
0 quarters
ALKT icon
18
Alkami Technology
ALKT
$1.48B
$25.6M 2.2%
1,054,830
-586,461
-36% -$12.2M
2022 Q3
5 quarters
SOFI icon
19
SoFi Technologies
SOFI
$18.4B
$25.1M 2.16%
2,522,769
– –
2023 Q2
2 quarters
RPAY icon
20
Repay Holdings
RPAY
$332M
$23.1M 1.98%
2,701,300
+538,893
+25% +$3.8M
2022 Q2
6 quarters
MQ icon
21
Marqeta
MQ
$1.89B
$22.5M 1.94%
807,570
-1,387,235
-63% -$33.2M
2023 Q2
2 quarters
UBS icon
22
UBS Group
UBS
$144B
$20.8M 1.78%
669,386
+226,012
+51% +$5.94M
2023 Q2
2 quarters
FCNCA icon
23
First Citizens BancShares
FCNCA
$23.2B
$19.8M 1.7%
+13,970
New +$19.6M
2023 Q4
0 quarters
WFC icon
24
Wells Fargo
WFC
$243B
$19.5M 1.68%
396,490
-69,609
-15% -$3M
2023 Q3
1 quarter
STNE icon
25
StoneCo
STNE
$2.65B
$18.5M 1.59%
+1,023,748
New +$13.5M
2023 Q4
0 quarters
1
2 3

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MA
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MMLI
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NAAA
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Azora Capital LP's Q4 2023 Portfolio in Review

As of Q4 2023, Azora Capital LP held 66 positions worth $1.16B, up 24% from $936M the previous quarter. Its ten largest holdings account for 53% of the portfolio.

Azora Capital LP deployed $36.2M of net new capital in Q4 2023, opening 20 new positions and adding to 14 existing holdings. Its largest new stake was Truist Financial: 1,963,654 shares worth $72.5M.

By sector, the portfolio is most concentrated in Financials at 71% of assets, up from 68% a quarter earlier, followed by Technology and Miscellaneous.

On the sell side, the largest reduction was Marqeta, an estimated $33.2M trimmed.

  • Azora Capital LP's largest Q4 2023 buy was Truist Financial: 1,963,654 shares worth $72.5M.
  • Azora Capital LP added most to Citigroup in Q4 2023, an estimated $46.3M increase.
  • Azora Capital LP's biggest Q4 2023 reduction was Marqeta, cutting an estimated $33.2M.
  • Azora Capital LP fully exited BILL Holdings in Q4 2023, selling an estimated $60.7M.
  • Azora Capital LP's ten largest holdings make up 53% of its $1.16B portfolio in Q4 2023.
  • Azora Capital LP opened 20 new positions and closed 21 in Q4 2023.
  • Azora Capital LP's portfolio value rose 24% quarter-over-quarter to $1.16B.

Based on Azora Capital LP's 13F filing for Q4 2023, filed 14 Feb 2024.