Azora Capital LP

In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 14, 2024), Azora Capital LP reported 48 stock positions worth $1.8 billion. Its top holding was LPL Financial (LPLA) at 8.1% of the portfolio, followed by Comerica (CMA, 7.2%) and Wisdomtree (WT, 5.7%). Compared with Q2 2024, it opened 17 new positions, sold out of 20, added to 20 and reduced 11. The biggest buy was a new position in Keycorp (KEY) and the biggest sale Synchrony Financial (SYF, shares −91%).

Most Recent 13F
Q2 2026
Location
MIAMI, FL
CIK
0001700272
Portfolio Value
$1.8B (Q3 2024)
SEC Filing
0001013594-24-000947 ↗ filed Nov 14, 2024

Holdings Value

0$500.0M$1.0B$1.5B$2.0B$2.5B Q1 2024: $1.4B Q1 2024 Q2 2024: $1.7B Q2 2024 Q3 2024: $1.8B $1.8B Q3 2024 Q4 2024: $2.2B Q4 2024 Q1 2025: $1.5B Q1 2025 Q2 2025: $2.2B Q2 2025 Q3 2025: $2.2B Q3 2025 Q4 2025: $1.6B Q4 2025 Q1 2026: $1.5B Q1 2026 Q2 2026: $2.4B Q2 2026

Holdings 48 stocks · $1.8B
LPLA LPL Financial Holdings Inc. 8.10% 643,544 $149.7M Add +52.2%
CMA Comerica Inc. 7.23% 2,230,369 $133.6M Add +7.8%
WT Wisdomtree Inc. 5.73% 10,609,577 $106.0M Add +12.1%
KEY Keycorp 5.00% 5,517,182 $92.4M New
DNB Dun & Bradstreet Holdings Inc. 4.96% 7,973,354 $91.8M Add +119.8%
WBS Webster Financial Corp. 4.75% 1,884,533 $87.8M Reduce -13.1%
FHN First Horizon Corp. 4.69% 5,579,156 $86.6M Reduce -22.4%
MELI MercadoLibre Inc. 4.63% 41,679 $85.5M Reduce -0.7%
HOOD Robinhood Markets Inc. Class A 4.32% 3,406,481 $79.8M New
NCNO Ncino Inc. 3.52% 2,058,002 $65.0M Reduce -12.2%
PNFP Pinnacle Financial Partners 3.48% 656,589 $64.3M New
FCNCA First Citizens Bcshs Class A 3.43% 34,405 $63.3M Reduce -42.5%
COIN Coinbase Global Inc. Class A 3.11% 322,868 $57.5M Add +214.1%
IBOC International Bancshares CRP 2.93% 905,453 $54.1M Add +7.2%
AAMI Acadian Asset Management Inc. filed as BRIGHTSPHERE INVT GROUP INC 2.79% 2,028,358 $51.5M Add +10.7%
RITM Rithm Capital Corp. 2.69% 4,383,821 $49.8M Add +107.5%
PWP Perella Weinberg Partners 2.52% 2,411,042 $46.6M Add +4.8%
UMBF Umb Financial Corp. 2.28% 400,978 $42.1M Reduce -2.7%
SOFI Sofi Technologies Inc. 1.85% 4,348,068 $34.2M Add +8.8%
XYZ Block Inc. 1.83% 503,402 $33.8M Add +358.4%
LSPD Lightspeed Commerce Inc. 1.74% 1,439,331 $32.1M Add +3.4%
PAYO Payoneer Global Inc. 1.73% 4,236,470 $31.9M New
COF Capital One Financial Corp. 1.54% 190,754 $28.6M New
IVZ Invesco Ltd. 1.48% 1,554,036 $27.3M New
FFWM First Foundation Inc. 1.38% 4,090,296 $25.5M Add +8.8%
KREF KKR Real Estate Finance Trus 1.09% 1,632,979 $20.2M New
ABR Arbor Realty Trust Inc. 0.99% 1,170,679 $18.2M Reduce -24.2%
C Citigroup Inc. 0.87% 258,188 $16.2M New
SE Sea Ltd.-ADR 0.74% 145,502 $13.7M New
MKTX Marketaxess Holdings Inc. 0.74% 53,150 $13.6M Add +32.2%
LAZ Lazard Inc. 0.73% 269,160 $13.6M New
HLI Houlihan Lokey Inc. 0.72% 83,722 $13.2M New
UPST Upstart Holdings Inc. 0.71% 329,755 $13.2M Reduce -11.2%
SYF Synchrony Financial 0.71% 263,330 $13.1M Reduce -91.0%
BANC Banc of California Inc. 0.68% 848,182 $12.5M New
PPBI Pacific Premier Bancorp Inc. 0.66% 484,396 $12.2M New
SCHW Schwab (charles) Corp. 0.66% 187,004 $12.1M New
AMTB Amerant Bancorp Inc. 0.62% 537,884 $11.5M New
CFFN Capitol Federal Financial Inc. 0.46% 1,465,821 $8.6M Add +7.9%
BRBS Blue Ridge Bankshares Inc. 0.41% 2,688,761 $7.5M Add +33.5%
DBRG Digitalbridge Group Inc. 0.40% 516,874 $7.3M New
STNE Stoneco Ltd. Class A 0.34% 550,187 $6.2M Reduce -46.1%
FLG Flagstar Bank NA filed as NEW YORK CMNTY BANCORP INC 0.32% 532,506 $6.0M New
FULT Fulton Financial Corp. 0.30% 303,544 $5.5M Add +8.4%
NYAX Nayax Ltd. 0.14% 100,685 $2.6M Add +4.9%
FORGE GLOBAL HOLDINGS INC 0.02% 345,634 $453K Add +2.1%
ENFN Enfusion Inc. Class A 0.02% 29,827 $283K Add +6.8%
KRE SS SPDR S&P Regional Bank 0.01% 4,134 $234K Reduce -60.0%
Other holdings (1): bonds, preferreds, convertibles and warrants · $7.4M (not counted above)
SecurityClassShares / PrincipalValueChange
COMPOSECURE HOLDINGS LLC DEBT 7.000%12/1 · principal 5,000,000$7.4MNo change

Total filed on the 13F, all lines: $1.9B.

Portfolio Sells Q2 2024 → Q3 2024
SYF Synchrony Financial Reduce -91.0% 0.71% −7.20
SEIC Sei Investments Company Sold out 0.00% −3.03
DFS Discover Financial Services Sold out 0.00% −2.58
FCNCA First Citizens Bcshs Class A Reduce -42.5% 3.43% −2.34
ALKT Alkami Technology Inc. Sold out 0.00% −2.12
NRDS Nerdwallet Inc. Class A Sold out 0.00% −2.09
ZION Zions Bancorp NA Sold out 0.00% −2.02
AVDX Avidxchange Holdings Inc. Sold out 0.00% −1.86
FHN First Horizon Corp. Reduce -22.4% 4.69% −1.80
MQ Marqeta Inc. Sold out 0.00% −1.79
RPAY Repay Holdings Corp. Sold out 0.00% −1.75
TRU Transunion Sold out 0.00% −1.38
GPN Global Payments Inc. Sold out 0.00% −1.19
CFG Citizens Financial Group Sold out 0.00% −1.02
KMX Carmax Inc. Sold out 0.00% −0.99
JPM JPMorgan Chase & Co. Sold out 0.00% −0.97
STT State Street Corp. Sold out 0.00% −0.73
NCNO Ncino Inc. Reduce -12.2% 3.52% −0.70
WBS Webster Financial Corp. Reduce -13.1% 4.75% −0.66
VCTR Victory Capital Holding - A Sold out 0.00% −0.63
BILL Bill Holdings Inc. Sold out 0.00% −0.39
STNE Stoneco Ltd. Class A Reduce -46.1% 0.34% −0.36
HAPN Happen Inc. Sold out 0.00% −0.33
BNY Bank of New York Mellon Corp. Sold out 0.00% −0.32
ABR Arbor Realty Trust Inc. Reduce -24.2% 0.99% −0.28
AMK Assetmark Financial Holdings Sold out 0.00% −0.22
KRE SS SPDR S&P Regional Bank Reduce -60.0% 0.01% −0.02
EXFY Expensify Inc. Class A Sold out 0.00% −0.00
UPST Upstart Holdings Inc. Reduce -11.2% 0.71% +0.21
UMBF Umb Financial Corp. Reduce -2.7% 2.28% +0.31
MELI MercadoLibre Inc. Reduce -0.7% 4.63% +0.68

Portfolio Buys Q2 2024 → Q3 2024
KEY Keycorp New 5.00% +5.00
HOOD Robinhood Markets Inc. Class A New 4.32% +4.32
PNFP Pinnacle Financial Partners New 3.48% +3.48
DNB Dun & Bradstreet Holdings Inc. Add +119.8% 4.96% +3.04
COIN Coinbase Global Inc. Class A Add +214.1% 3.11% +1.80
PAYO Payoneer Global Inc. New 1.73% +1.73
COF Capital One Financial Corp. New 1.54% +1.54
IVZ Invesco Ltd. New 1.48% +1.48
XYZ Block Inc. Add +358.4% 1.83% +1.42
RITM Rithm Capital Corp. Add +107.5% 2.69% +1.37
LPLA LPL Financial Holdings Inc. Add +52.2% 8.10% +1.34
CMA Comerica Inc. Add +7.8% 7.23% +1.19
KREF KKR Real Estate Finance Trus New 1.09% +1.09
C Citigroup Inc. New 0.87% +0.87
SE Sea Ltd.-ADR New 0.74% +0.74
LAZ Lazard Inc. New 0.73% +0.73
HLI Houlihan Lokey Inc. New 0.72% +0.72
BANC Banc of California Inc. New 0.68% +0.68
PPBI Pacific Premier Bancorp Inc. New 0.66% +0.66
SCHW Schwab (charles) Corp. New 0.66% +0.66
AMTB Amerant Bancorp Inc. New 0.62% +0.62
AAMI Acadian Asset Management Inc. Add +10.7% 2.79% +0.46
DBRG Digitalbridge Group Inc. New 0.40% +0.40
PWP Perella Weinberg Partners Add +4.8% 2.52% +0.38
WT Wisdomtree Inc. Add +12.1% 5.73% +0.36
SOFI Sofi Technologies Inc. Add +8.8% 1.85% +0.34
FLG Flagstar Bank NA New 0.32% +0.32
MKTX Marketaxess Holdings Inc. Add +32.2% 0.74% +0.28
LSPD Lightspeed Commerce Inc. Add +3.4% 1.74% +0.25
IBOC International Bancshares CRP Add +7.2% 2.93% +0.16
BRBS Blue Ridge Bankshares Inc. Add +33.5% 0.41% +0.11
CFFN Capitol Federal Financial Inc. Add +7.9% 0.46% +0.04
FULT Fulton Financial Corp. Add +8.4% 0.30% +0.03
NYAX Nayax Ltd. Add +4.9% 0.14% +0.02
ENFN Enfusion Inc. Class A Add +6.8% 0.02% +0.00
FORGE GLOBAL HOLDINGS INC Add +2.1% 0.02% −0.00
FFWM First Foundation Inc. Add +8.8% 1.38% −0.03

Options Activity Q2 2024 → Q3 2024
V Visa Inc. Class A put Sold out 1,041,700 $273.4Mbefore exit
MA Mastercard Inc. Class A put Sold out 332,000 $146.5Mbefore exit

Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 47$2.4BBAC, BEN, VLY, LPLA, WT
Q1 2026 45$1.5BLPLA, BEN, VLY, BBT, IBOC
Q4 2025 47$1.6BLPLA, BEN, IBOC, C, OMF
Q3 2025 63$2.2BBAC, LPLA, TFC, VLY, TCBI
Q2 2025 58$2.2BLPLA, BAC, CMA, WBS, KEY
Q1 2025 41$1.5BLPLA, BAC, SCHW, CMA, PNFP
Q4 2024 57$2.2BSYF, LPLA, WBS, SCHW, DNB
Q3 2024 48$1.8BLPLA, CMA, WT, KEY, DNB
Q2 2024 51$1.7BSYF, LPLA, FHN, CMA, FCNCA
Q1 2024 53$1.4BLPLA, CMA, WT, WBS, HBAN