undamentalytics Newsletter
Sign in

Hedge fund

Azora Capital LP

13F for the quarter to June 30, 2026, filed August 14, 2026 · SEC CIK 1700272

Reported value
$2.4bn
95% in companies we cover
Positions we cover
44
Largest BAC 10.0%
Copy, a year
+5.7%
S&P 500 +14.1%
Copy Sharpe ratio
0.24
S&P 500 0.67

How copying its 13F would have done

$10.0k$20.0k 201820192020202120222023202420252026 $31.6k$16.2k
CopyS&P 500 $10,000 copying Azora Capital LP's filed holdings in companies we cover from February 16, 2018, buying on the first trading day after each 13F was filed and holding until the next, against the S&P 500 (total return). Marked weekly, log scale. Before costs and taxes; misses trading within each quarter and anything 13F does not show (shorts, cash, bonds, non-US holdings).

Biggest drop −51.4% (S&P 500 −31.8%); beta 1.29; alpha −8.9% a year (t = −1.66); last 12 months +5.0% against +12.1%.

Reported value by quarter

Azora Capital LP: 13F reported value Total value of all positions in each quarter's 13F, as filed (values before 2023 were filed in thousands of dollars and are converted).
$0 $200B $400B $600B Reported value, 2017-12-31: $344.6M Reported value, 2018-03-31: $360.4M Reported value, 2018-06-30: $634.1M Reported value, 2018-09-30: $781.3M Reported value, 2018-12-31: $599.7M Reported value, 2019-03-31: $611.4M Reported value, 2019-06-30: $729.8M Reported value, 2019-09-30: $446.4M Reported value, 2019-12-31: $704.4M Reported value, 2020-03-31: $258.4M Reported value, 2020-06-30: $612.2M Reported value, 2020-09-30: $755.8M Reported value, 2020-12-31: $1.1B Reported value, 2021-03-31: $770.6M Reported value, 2021-06-30: $642.8M Reported value, 2021-09-30: $842.5M Reported value, 2021-12-31: $639.3M Reported value, 2022-03-31: $599.3M Reported value, 2022-06-30: $408M Reported value, 2022-09-30: $673.8M Reported value, 2022-12-31: $587.9B Reported value, 2023-03-31: $651.6M Reported value, 2023-06-30: $491M Reported value, 2023-09-30: $908M Reported value, 2023-12-31: $1.1B Reported value, 2024-03-31: $1.4B Reported value, 2024-06-30: $1.7B Reported value, 2024-09-30: $1.8B Reported value, 2024-12-31: $2.2B Reported value, 2025-03-31: $1.5B Reported value, 2025-06-30: $2.2B Reported value, 2025-09-30: $2.2B Reported value, 2025-12-31: $1.6B Reported value, 2026-03-31: $1.5B Reported value, 2026-06-30: $2.4B 2017-12-31 2019-09-30 2021-06-30 2023-03-31 2024-12-31 2026-06-30 $2.4B
View chart data
Period Reported value
2017-12-31 $344.6M
2018-03-31 $360.4M
2018-06-30 $634.1M
2018-09-30 $781.3M
2018-12-31 $599.7M
2019-03-31 $611.4M
2019-06-30 $729.8M
2019-09-30 $446.4M
2019-12-31 $704.4M
2020-03-31 $258.4M
2020-06-30 $612.2M
2020-09-30 $755.8M
2020-12-31 $1.1B
2021-03-31 $770.6M
2021-06-30 $642.8M
2021-09-30 $842.5M
2021-12-31 $639.3M
2022-03-31 $599.3M
2022-06-30 $408M
2022-09-30 $673.8M
2022-12-31 $587.9B
2023-03-31 $651.6M
2023-06-30 $491M
2023-09-30 $908M
2023-12-31 $1.1B
2024-03-31 $1.4B
2024-06-30 $1.7B
2024-09-30 $1.8B
2024-12-31 $2.2B
2025-03-31 $1.5B
2025-06-30 $2.2B
2025-09-30 $2.2B
2025-12-31 $1.6B
2026-03-31 $1.5B
2026-06-30 $2.4B

Holdings and moves

CompanyShare of portfolioValueSharesChange in shares
BACBank of America10.04%$238.3m4.18MNew
BENFranklin Resources9.68%$229.8m6.91M+35.5% Added
VLYValley National Bancorp6.33%$150.1m10.25M+14.5% Added
LPLALPL Financial Holdings Inc.6.24%$148.1m525.9K+23.1% Added
WTWisdomtree, Inc.4.41%$104.7m6.18M+3.2% Added
SLMSLM Corp4.13%$97.9m3.77M+17.7% Added
XYZBlock, Inc.3.39%$80.5m1.06M+52.3% Added
STTState Street Corporation2.90%$68.9m406.3KNew
OMFOnemain Holdings, Inc.2.73%$64.9m1.06M+266.0% Added
EVREvercore Inc.2.68%$63.5m186.0KNew
HBANHuntington Bancshares2.67%$63.3m3.57MNew
HOMBHome Bancshares Inc2.61%$62.0m2.17M+111.1% Added
MKTXMarketaxess Holdings Inc2.45%$58.2m513.1KNew
ZIONZions Bancorporation, National Association2.20%$52.2m754.9KNew
PJTPJT Partners Inc.2.05%$48.7m322.5KNew
NPNeptune Insurance Holdings Inc.1.95%$46.2m1.47M+53.8% Added
FCFSFirstcash Holdings, Inc.1.92%$45.6m210.7K+117.2% Added
ALLYAlly Financial Inc.1.79%$42.6m926.2KNew
BULLWebull Corp1.79%$42.5m6.52MNew
UMBFUMB Financial Corp1.65%$39.2m274.9KNew
SEICSEI Investments Co1.64%$38.9m443.2KNew
SYFSynchrony Financial1.54%$36.6m481.5KNew
ARXAccelerant Holdings1.51%$35.7m3.05M+54.0% Added
AAMIAcadian Asset Management Inc.1.50%$35.5m496.0K+50.6% Added
CCBCoastal Financial Corp1.49%$35.4m457.3K−30.6% Reduced
COLBColumbia Banking System, Inc.1.39%$33.0m1.03MNew
PRGProg Holdings, Inc.1.36%$32.2m690.3K−28.6% Reduced
PBProsperity Bancshares Inc1.23%$29.1m398.7K−57.4% Reduced
PIPRPiper Sandler Companies1.16%$27.5m380.4KNew
BPOPPopular, Inc.1.10%$26.1m159.3KNew
USBU.S. Bancorp1.07%$25.4m419.8KNew
NUNu Holdings Ltd.0.98%$23.3m1.75M+160.1% Added
TRUTransunion0.86%$20.3m281.9KNew
CBCCentral Bancompany, Inc.0.79%$18.6m613.2K+5.1% Added
NCNONcino, Inc.0.76%$18.0m1.10MNew
LCLNLincoln International, Inc.0.61%$14.5m606.0KNew
JEFJefferies Financial Group Inc.0.45%$10.6m211.8KNew
AIZAssurant0.43%$10.2m38.0KNew
CIFRCipher Digital Inc.0.41%$9.7m394.5K+52.0% Added
ANDGAndersen Group Inc.0.35%$8.4m223.0KNew
BGCBGC Group, Inc.0.34%$8.0m746.1KNew
ARIApollo Commercial Real Estate Finance, Inc.0.28%$6.7m629.9K−11.1% Reduced
SFNCSimmons First National Corp0.22%$5.1m226.1KNew
SLNHSoluna Holdings, Inc0.00%$32,31123.9K0.0%
CompanyBought (value)Shares
BACBank of America$238.3m4.18M
STTState Street Corporation$68.9m406.3K
EVREvercore Inc.$63.5m186.0K
HBANHuntington Bancshares$63.3m3.57M
BENFranklin Resources$60.2m1.81M
MKTXMarketaxess Holdings Inc$58.2m513.1K
ZIONZions Bancorporation, National Association$52.2m754.9K
PJTPJT Partners Inc.$48.7m322.5K
OMFOnemain Holdings, Inc.$47.1m773.2K
ALLYAlly Financial Inc.$42.6m926.2K
BULLWebull Corp$42.5m6.52M
UMBFUMB Financial Corp$39.2m274.9K
SEICSEI Investments Co$38.9m443.2K
SYFSynchrony Financial$36.6m481.5K
COLBColumbia Banking System, Inc.$33.0m1.03M

Change in shares on the previous quarter's 13F, valued at this quarter's reported price.

CompanySold (value)Shares
BBTBeacon Financial Corp−$94.1m−3.14M
VIRTVirtu Financial, Inc.−$82.7m−1.88M
SCHWCharles Schwab Corporation−$55.4m−589.5K
RIOTRiot Platforms, Inc.−$46.1m−3.73M
PBProsperity Bancshares Inc−$39.2m−537.3K
HUTHut 8 Corp.−$35.9m−764.6K
EWBCEast West Bancorp Inc−$33.3m−311.9K
BTDRBitdeer Technologies Group−$29.0m−3.35M
KLARKlarna Group plc−$20.2m−1.54M
CCBCoastal Financial Corp−$15.6m−201.3K
MTBM&T Bank−$14.9m−74.3K
IBKRInteractive Brokers−$14.2m−211.4K
PRGProg Holdings, Inc.−$12.9m−276.2K
PNFPPinnacle Financial Partners, Inc.−$12.8m−149.0K
BRBSBlue Ridge Bankshares, Inc.−$11.4m−2.70M

Change in shares on the previous quarter's 13F, valued at this quarter's reported price.

CompanyValue last quarterShares
BBTBeacon Financial Corp$94.1m3.14M
VIRTVirtu Financial, Inc.$82.7m1.88M
SCHWCharles Schwab Corporation$55.4m589.5K
RIOTRiot Platforms, Inc.$46.1m3.73M
HUTHut 8 Corp.$35.9m764.6K
EWBCEast West Bancorp Inc$33.3m311.9K
BTDRBitdeer Technologies Group$29.0m3.35M
KLARKlarna Group plc$20.2m1.54M
MTBM&T Bank$14.9m74.3K
IBKRInteractive Brokers$14.2m211.4K
PNFPPinnacle Financial Partners, Inc.$12.8m149.0K
BRBSBlue Ridge Bankshares, Inc.$11.4m2.70M
SSBSouthstate Bank Corp$11.0m118.4K
PFSIPennymac Financial Services, Inc.$9.6m109.9K
WLTHWealthfront Corp$7.5m811.1K
WULFTerawulf Inc.$3.2m224.5K
FHIFederated Hermes, Inc.$3.1m53.9K
DAVEDave Inc.$2.2m12.6K
GLBEGlobal-e Online Ltd.$656,27221.3K
  • Financials97.5%
  • Industrials1.3%
  • Technology1.2%

Share of the value held in companies we cover, by sector.

PeriodCopy, a yearS&P 500SharpeS&P 500Biggest dropBeta
Whole backtestFebruary 16, 2018 to November 2, 2026+5.7%+14.1%0.240.67−51.4%1.29
Last three yearsNovember 3, 2023 to November 2, 2026+25.3%+21.8%0.911.16−26.5%1.23
Last yearNovember 7, 2025 to November 2, 2026+8.3%+14.2%0.310.84−15.6%1.03

From SEC Form 13F data sets. A 13F lists long positions in US-listed shares at the quarter's end, filed up to 45 days later; it does not show shorts, cash, bonds, non-US holdings or trades within the quarter. Positions in companies outside our coverage are not listed here. Research, not investment advice.