Azul
AZUL
AZUL was delisted on the 27th of May, 2025.
73 hedge funds and large institutions have $416M invested in Azul in 2020 Q1 according to their latest regulatory filings, with 20 funds opening new positions, 28 increasing their positions, 20 reducing their positions, and 40 closing their positions.
40% more repeat investments, than reductions
Existing positions increased: 28 | Existing positions reduced: 20
0.78% less ownership
Funds ownership: 12.83% → 12.05% (-0.78%)
22% less funds holding
Funds holding: 94 → 73 (-21)
50% less funds holding in top 10
Funds holding in top 10: 6 → 3 (-3)
50% less first-time investments, than exits
New positions opened: 20 | Existing positions closed: 40
70% less call options, than puts
Call options by funds: $177K | Put options by funds: $598K
77% less capital invested
Capital invested by funds: $1.81B → $416M (-$1.39B)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Victory Capital Management
San Antonio,
Texas
|
+$63.5M |
| 2 |
TCP
ThornTree Capital Partners
Boston,
Massachusetts
|
+$43.7M |
| 3 |
Federated Hermes
Pittsburgh,
Pennsylvania
|
+$15.8M |
| 4 |
Mirae Asset Global Investments
Seoul,
South Korea
|
+$12.5M |
| 5 |
Wellington Management Group
Boston,
Massachusetts
|
+$12.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$52M |
| 2 |
Nordea Investment Management
Stockholm,
Sweden
|
-$49.6M |
| 3 |
Boston Partners
Boston,
Massachusetts
|
-$32.5M |
| 4 |
DCM
Driehaus Capital Management
Chicago,
Illinois
|
-$31.2M |
| 5 |
CCM
Contrarian Capital Management
Greenwich,
Connecticut
|
-$29.2M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
FC
101
FORA Capital
Miami,
Florida
| – | -$240K | -5,616 | Closed |
|
102
Comerica Bank
Dallas,
Texas
| – | -$234K | -5,569 | Closed |
|
103
Invesco
Atlanta,
Georgia
| – | -$224K | -5,238 | Closed |
|
104
Northern Trust
Chicago,
Illinois
| – | -$212K | -4,949 | Closed |
|
105
Simplex Trading
Chicago,
Illinois
| – | -$96.9K | -3,060 | Closed |
|
106
Walleye Trading
New York
| – | -$117K | -2,736 | Closed |
|
|
HMS
107
Hanseatic Management Services
Albuquerque,
New Mexico
| – | -$33K | -776 | Closed |
|
108
Daiwa Securities Group
Tokyo,
Japan
| – | -$21K | -500 | Closed |
|
|
EI
109
Ellevest Inc
New York
| – | -$3K | -59 | Closed |
|
110
Bank of Montreal
Toronto,
Ontario, Canada
| – | -$1K | -32 | Closed |
|
|
S
111
SignatureFD
Atlanta,
Georgia
| – | +$32 | +1 | New |
|
AZUL Hedge Fund Activity: Q1 2020 in Review
73 of the 4,539 institutional investors tracked by Wall St. Rank reported a position in Azul (AZUL) for Q1 2020, worth a combined $416M — down 77% from $1.81B a quarter earlier.
Sellers outnumbered buyers: 40 funds closed out of AZUL and 20 opened new positions — a net loss of 20 holders — while 20 trimmed existing stakes and 28 added.
The largest buyer was Victory Capital Management, adding an estimated $63.5M. The largest seller was Morgan Stanley, cutting an estimated $52M.
- 73 institutional investors held Azul (AZUL) as of Q1 2020, down from 94 in Q4 2019.
- Funds reported $416M of Azul stock for Q1 2020, down 77% quarter-over-quarter.
- 20 funds opened new Azul positions in Q1 2020 and 40 closed out, a net change of -20 holders.
- The largest Azul buyer in Q1 2020 was Victory Capital Management, an estimated $63.5M added.
- The largest Azul seller in Q1 2020 was Morgan Stanley, an estimated $52M sold.
Based on aggregated 13F filings for Q1 2020.