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
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