Azul
AZUL
AZUL was delisted on the 27th of May, 2025.
77 hedge funds and large institutions have $246M invested in Azul in 2023 Q4 according to their latest regulatory filings, with 15 funds opening new positions, 20 increasing their positions, 30 reducing their positions, and 14 closing their positions.
13% more capital invested
Capital invested by funds: $216M → $246M (+$29.2M)
1% more funds holding
Funds holding: 76 → 77 (+1)
7% more first-time investments, than exits
New positions opened: 15 | Existing positions closed: 14
0.05% more ownership
Funds ownership: 7.51% → 7.56% (+0.05%)
33% less repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 30
36% less call options, than puts
Call options by funds: $11M | Put options by funds: $17.2M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$24.4M |
| 2 |
William Blair Investment Management
Chicago,
Illinois
|
+$4.75M |
| 3 |
SIG
Senator Investment Group
New York
|
+$3.55M |
| 4 |
Goldman Sachs
New York
|
+$2.43M |
| 5 |
CSS
Cubist Systematic Strategies
Stamford,
Connecticut
|
+$2.17M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FCM
Frontier Capital Management
Boston,
Massachusetts
|
-$30M |
| 2 |
PL
Perpetual Ltd
Sydney, New South Wales,
Australia
|
-$2.9M |
| 3 |
GGHC
Gilder Gagnon Howe & Co
New York
|
-$2.27M |
| 4 |
BBP
Banco BTG Pactual
Rio De Janeiro,
Brazil
|
-$1.63M |
| 5 |
VAS
VR Advisory Services
Camana Bay, Grand Cayman,
Cayman Islands
|
-$1.57M |
AZUL Hedge Fund Activity: Q4 2023 in Review
77 of the 6,860 institutional investors tracked by Wall St. Rank reported a position in Azul (AZUL) for Q4 2023, worth a combined $246M — up 13% from $216M a quarter earlier.
Buyers outnumbered sellers: 15 funds opened new AZUL positions and 14 closed out — a net gain of 1 holder — while 20 added to existing stakes and 30 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $24.4M. The largest seller was Frontier Capital Management, cutting an estimated $30M.
- 77 institutional investors held Azul (AZUL) as of Q4 2023, up from 76 in Q3 2023.
- Funds reported $246M of Azul stock for Q4 2023, up 13% quarter-over-quarter.
- 15 funds opened new Azul positions in Q4 2023 and 14 closed out, a net change of +1 holder.
- The largest Azul buyer in Q4 2023 was Morgan Stanley, an estimated $24.4M added.
- The largest Azul seller in Q4 2023 was Frontier Capital Management, an estimated $30M sold.
Based on aggregated 13F filings for Q4 2023.