Azora Capital L.P. 13F annual report
Azora Capital L.P. is an investment fund managing more than $1.75 trillion ran by Richard Reyes. There are currently 51 companies in Mr. Reyes’s portfolio. The largest investments include Synchrony and Lpl Finl Hldgs Inc, together worth $256 billion.
$1.75 trillion Assets Under Management (AUM)
As of 7th August 2024, Azora Capital L.P.’s top holding is 2,929,846 shares of Synchrony currently worth over $138 billion and making up 7.9% of the portfolio value.
Relative to the number of outstanding shares of Synchrony, Azora Capital L.P. owns less than approximately 0.1% of the company.
In addition, the fund holds 422,922 shares of Lpl Finl Hldgs Inc worth $118 billion.
The third-largest holding is First Horizon worth $113 billion and the next is Comerica worth $106 billion, with 2,069,188 shares owned.
Currently, Azora Capital L.P.'s portfolio is worth at least $1.75 trillion. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Azora Capital L.P.
The Azora Capital L.P. office and employees reside in Miami, Florida. According to the last 13-F report filed with the SEC, Richard Reyes serves as the Chief Financial Officer/Chief Compliance Officer at Azora Capital L.P..
Recent trades
In the most recent 13F filing, Azora Capital L.P. revealed that it had opened a new position in
Synchrony and bought 2,929,846 shares worth $138 billion.
This means they effectively own approximately 0.1% of the company.
Synchrony makes up
30.2%
of the fund's Finance sector allocation and has grown its share price by 19.3% in the past year.
The investment fund also strengthened its position in Lpl Finl Hldgs Inc by buying
6,366 additional shares.
This makes their stake in Lpl Finl Hldgs Inc total 422,922 shares worth $118 billion.
On the other hand, there are companies that Azora Capital L.P. is getting rid of from its portfolio.
Azora Capital L.P. closed its position in Huntington Bancshares on 14th August 2024.
It sold the previously owned 3,959,512 shares for $55.2 billion.
Richard Reyes also disclosed a decreased stake in Repay Hldgs Corp by approximately 0.1%.
This leaves the value of the investment at $30.7 billion and 2,903,880 shares.
One of the largest hedge funds
The two most similar investment funds to Azora Capital L.P. are Smith Asset Management and Capstone Investment Advisors. They manage $1.75 trillion and $1.75 trillion respectively.
Richard Reyes investment strategy
Azora Capital L.P.’s portfolio is diversified across 6 sectors.
Currently, their heaviest sector is Finance — making up 26.2% of
the total portfolio value.
The fund focuses on investments in the United States as
33.3% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
14% of the total holdings value.
On the other hand, small-cap stocks make up only 5.9% of the portfolio.
The average market cap of the portfolio companies is close to $9.17 billion.
The complete list of Azora Capital L.P. trades based on 13F SEC filings
These positions were updated on August 14th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| Synchrony Financial |
Opened
2,929,846
|
$138,259,433,000 | 7.91% |
| Lpl Finl Hldgs Inc |
1.53%
422,922
|
$118,122,115,000 | 6.76% |
| First Horizon Corporation |
275.58%
7,184,806
|
$113,304,391,000 | 6.48% |
| Comerica, Inc. |
3.65%
2,069,188
|
$105,611,356,000 | 6.04% |
| First Ctzns Bancshares Inc N |
131.18%
59,827
|
$100,725,335,000 | 5.76% |
| Webster Finl Corp |
50.46%
2,167,971
|
$94,501,856,000 | 5.41% |
| Wisdomtree Inc |
10.20%
9,467,426
|
$93,822,192,000 | 5.37% |
| Ncino, Inc. |
267.46%
2,344,008
|
$73,719,052,000 | 4.22% |
| MercadoLibre Inc |
146.97%
41,977
|
$68,985,002,000 | 3.95% |
| Huntington Bancshares, Inc. |
Closed
3,959,512
|
$55,235,192,000 | |
| Sei Invts Co |
32.07%
819,875
|
$53,037,714,000 | 3.03% |
| Keycorp |
Closed
3,299,533
|
$52,165,617,000 | |
| International Bancshares Cor |
41.00%
844,880
|
$48,335,585,000 | 2.77% |
| Discover Finl Svcs |
26.41%
344,931
|
$45,120,424,000 | 2.58% |
| Banc of California Inc |
Closed
2,911,727
|
$44,287,368,000 | |
| Brightsphere Invt Group Inc |
8.34%
1,832,630
|
$40,629,407,000 | 2.32% |
| Perella Weinberg Partners |
5.61%
2,300,672
|
$37,385,920,000 | 2.14% |
| Alkami Technology Inc |
3.90%
1,299,753
|
$37,016,965,000 | 2.12% |
| Nerdwallet Inc |
26.60%
2,496,656
|
$36,451,178,000 | 2.09% |
| Zions Bancorporation N.A |
Opened
812,114
|
$35,221,384,000 | 2.02% |
| Umb Finl Corp |
Opened
411,942
|
$34,364,202,000 | 1.97% |
| Columbia Bkg Sys Inc |
Closed
1,750,583
|
$33,873,781,000 | |
| Dun & Bradstreet Holdings, Inc. |
Opened
3,627,321
|
$33,588,992,000 | 1.92% |
| Evercore Inc |
Closed
170,278
|
$32,793,840,000 | |
| Avidxchange Holdings Inc |
209.87%
2,692,696
|
$32,473,914,000 | 1.86% |
| Marqeta Inc |
513.07%
5,713,156
|
$31,308,095,000 | 1.79% |
| FirstCash Holdings Inc |
Closed
241,387
|
$30,786,498,000 | |
| Repay Hldgs Corp |
2.90%
2,903,880
|
$30,664,973,000 | 1.75% |
| Ally Finl Inc |
Closed
738,474
|
$29,974,660,000 | |
| SoFi Technologies, Inc. |
8.69%
3,995,167
|
$26,408,054,000 | 1.51% |
| Lightspeed Commerce Inc |
39.36%
1,391,972
|
$26,029,876,000 | 1.49% |
| First Fndtn Inc |
7.50%
3,758,044
|
$24,615,188,000 | 1.41% |
| TransUnion |
43.11%
325,450
|
$24,135,372,000 | 1.38% |
| Rithm Capital Corp |
4.37%
2,112,150
|
$23,043,557,000 | 1.32% |
| Coinbase Global Inc |
283.20%
102,790
|
$22,843,022,000 | 1.31% |
| Truist Finl Corp |
Closed
583,794
|
$22,756,290,000 | |
| Arbor Realty Trust Inc. |
221.82%
1,544,374
|
$22,161,767,000 | 1.27% |
| UBS Group AG |
Closed
687,607
|
$21,151,273,000 | |
| Global Pmts Inc |
Opened
215,598
|
$20,848,327,000 | 1.19% |
| Citizens Finl Group Inc |
Opened
496,541
|
$17,890,372,000 | 1.02% |
| Carmax Inc |
Opened
236,063
|
$17,312,860,000 | 0.99% |
| JPMorgan Chase & Co. |
49.59%
84,210
|
$17,032,315,000 | 0.97% |
| Toast, Inc. |
Closed
640,795
|
$15,968,611,000 | |
| State Str Corp |
Opened
173,575
|
$12,844,550,000 | 0.73% |
| StoneCo Ltd |
Opened
1,020,137
|
$12,231,443,000 | 0.70% |
| Victory Cap Hldgs Inc |
Opened
231,416
|
$11,045,486,000 | 0.63% |
| Federated Hermes Inc |
Closed
299,438
|
$10,815,701,000 | |
| Flywire Corporation |
Closed
378,833
|
$9,398,847,000 | |
| Upstart Holdings, Inc. |
76.61%
371,308
|
$8,759,156,000 | 0.50% |
| Factset Resh Sys Inc |
Closed
18,962
|
$8,616,143,000 | |
| MarketAxess Holdings Inc. |
19.05%
40,215
|
$8,064,314,000 | 0.46% |
| Capitol Fed Finl Inc |
3.89%
1,357,995
|
$7,455,393,000 | 0.43% |
| Block Inc |
Opened
109,809
|
$7,081,582,000 | 0.41% |
| BILL Holdings Inc |
Opened
130,803
|
$6,882,854,000 | 0.39% |
| Capital One Finl Corp |
Closed
40,240
|
$5,991,334,000 | |
| LendingClub Corp |
1.04%
680,666
|
$5,758,434,000 | 0.33% |
| Bank New York Mellon Corp |
Opened
94,706
|
$5,671,942,000 | 0.32% |
| Riot Platforms Inc |
Closed
458,594
|
$5,613,191,000 | |
| Blue Ridge Bankshares Inc Va |
Opened
2,014,615
|
$5,258,145,000 | 0.30% |
| Fulton Finl Corp Pa |
Opened
280,086
|
$4,755,860,000 | 0.27% |
| Assetmark Finl Hldgs Inc |
78.92%
109,291
|
$3,776,004,000 | 0.22% |
| Nuvei Corporation |
Closed
110,158
|
$3,483,726,000 | |
| Nayax Ltd |
4.48%
95,961
|
$2,091,950,000 | 0.12% |
| Rocket Cos Inc |
Closed
134,215
|
$1,952,828,000 | |
| Uwm Holdings Corporation |
Closed
195,308
|
$1,417,936,000 | |
| Spdr Ser Tr |
Opened
10,326
|
$507,007,000 | 0.03% |
| Forge Global Holdings Inc |
0.48%
338,590
|
$494,341,000 | 0.03% |
| Enfusion, Inc. |
22.31%
27,937
|
$238,023,000 | 0.01% |
| Expensify Inc |
No change
24,583
|
$36,629,000 | 0.00% |
| No transactions found | |||
| Showing first 500 out of 69 holdings | |||
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