Azul
AZUL
AZUL was delisted on the 27th of May, 2025.
84 hedge funds and large institutions have $816M invested in Azul in 2021 Q3 according to their latest regulatory filings, with 13 funds opening new positions, 32 increasing their positions, 32 reducing their positions, and 22 closing their positions.
32% more call options, than puts
Call options by funds: $14.2M | Put options by funds: $10.8M
0% more repeat investments, than reductions
Existing positions increased: 32 | Existing positions reduced: 32
0.42% less ownership
Funds ownership: 12.61% → 12.19% (-0.42%)
11% less funds holding
Funds holding: 94 → 84 (-10)
26% less capital invested
Capital invested by funds: $1.11B → $816M (-$290M)
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
41% less first-time investments, than exits
New positions opened: 13 | Existing positions closed: 22
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
+$21.3M |
| 2 |
HRCM
Hood River Capital Management
Palm Beach Gardens,
Florida
|
+$17.2M |
| 3 |
PG
Pendal Group
Sydney,
Australia
|
+$16.3M |
| 4 |
OCM
Oaktree Capital Management
Los Angeles,
California
|
+$5.31M |
| 5 |
Citadel Advisors
Miami,
Florida
|
+$4.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FCM
Frontier Capital Management
Boston,
Massachusetts
|
-$27.7M |
| 2 |
Two Sigma Investments
New York
|
-$23.2M |
| 3 |
PIP
Permian Investment Partners
Dallas,
Texas
|
-$17.2M |
| 4 |
Federated Hermes
Pittsburgh,
Pennsylvania
|
-$9.41M |
| 5 |
CII
Capital International Inc
Los Angeles,
California
|
-$7.56M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
101
Goldman Sachs
New York
| – | -$243K | -9,216 | Closed |
|
102
State Street
Boston,
Massachusetts
| – | -$235K | -8,900 | Closed |
|
103
Barclays
London,
United Kingdom
| – | -$224K | -8,478 | Closed |
|
|
FC
104
FORA Capital
Miami,
Florida
| – | -$147K | -5,563 | Closed |
|
|
CG
105
Cutler Group
San Francisco,
California
| – | -$10K | -412 | Closed |
|
|
PFGIA
106
Patriot Financial Group Insurance Agency
Westborough,
Massachusetts
| – | -$2K | -61 | Closed |
|
AZUL Hedge Fund Activity: Q3 2021 in Review
84 of the 5,713 institutional investors tracked by Wall St. Rank reported a position in Azul (AZUL) for Q3 2021, worth a combined $816M — down 26% from $1.11B a quarter earlier.
Sellers outnumbered buyers: 22 funds closed out of AZUL and 13 opened new positions — a net loss of 9 holders — while 32 trimmed existing stakes and 32 added.
The largest buyer was Millennium Management, adding an estimated $21.3M. The largest seller was Frontier Capital Management, cutting an estimated $27.7M.
- 84 institutional investors held Azul (AZUL) as of Q3 2021, down from 94 in Q2 2021.
- Funds reported $816M of Azul stock for Q3 2021, down 26% quarter-over-quarter.
- 13 funds opened new Azul positions in Q3 2021 and 22 closed out, a net change of -9 holders.
- The largest Azul buyer in Q3 2021 was Millennium Management, an estimated $21.3M added.
- The largest Azul seller in Q3 2021 was Frontier Capital Management, an estimated $27.7M sold.
Based on aggregated 13F filings for Q3 2021.