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AZUL

Azul
AZUL

Delisted

AZUL was delisted on the 27th of May, 2025.

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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.

New
Increased
Maintained
Reduced
Closed

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

Holders
77
Holders Change
+1
Holders Change %
+1.32%
% of All Funds
1.12%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
15
Increased
20
Reduced
30
Closed
14
Calls
$11M
Puts
$17.2M
Net Calls
-$6.2M
Net Calls Change
-$591K

Top Buyers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
+$24.4M
2
William Blair Investment Management
William Blair Investment Management
Illinois
+$4.75M
3
SIG
Senator Investment Group
New York
+$3.55M
4
Goldman Sachs
Goldman Sachs
New York
+$2.43M
5
CSS
Cubist Systematic Strategies
Connecticut
+$2.17M

Top Sellers

Rank Fund Capital Flow
1
FCM
Frontier Capital Management
Massachusetts
-$30M
2
PL
Perpetual Ltd
Australia
-$2.9M
3
GGHC
Gilder Gagnon Howe & Co
New York
-$2.27M
4
BBP
Banco BTG Pactual
Brazil
-$1.63M
5
VAS
VR Advisory Services
Cayman Islands
-$1.57M
Name Holding Trade Value Shares
Change 		Change in
Stake
BNP Paribas Financial Markets
76
BNP Paribas Financial Markets
France
$58 – – –
AF
77
Allworth Financial
California
$20 -$1.66K -182 -99%
BBP
78
Banco BTG Pactual
Brazil
– -$1.63M -189,906 Closed
QC
79
Quadrature Capital
United Kingdom
– -$1.35M -156,789 Closed
Balyasny Asset Management
80
Balyasny Asset Management
Illinois
– -$789K -91,835 Closed
PCM
81
Prelude Capital Management
New York
– -$379K -44,121 Closed
BCM
82
Bayesian Capital Management
New York
– -$240K -27,989 Closed
AC
83
AXQ Capital
New Jersey
– -$205K -23,900 Closed
TI
84
Trexquant Investment
Connecticut
– -$195K -22,731 Closed
Squarepoint
85
Squarepoint
New York
– -$127K -14,820 Closed
FRM
86
Fox Run Management
Connecticut
– -$103K -11,940 Closed
CLOS
87
Compagnie Lombard Odier SCmA
Switzerland
– -$54.5K -6,341 Closed
HIIFS
88
Harel Insurance Investments & Financial Services
Israel
– -$42K -5,000 Closed
TRCT
89
Tower Research Capital (TRC)
New York
– -$30K -3,495 Closed
Walleye Trading
90
Walleye Trading
New York
– -$20.3K -2,235 Closed
BIA
91
Bell Investment Advisors
California
– -$722 -84 Closed
1 2 3
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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.