Azora Capital LP

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 17, 2026), Azora Capital LP reported 47 stock positions worth $1.6 billion. Its top holding was LPL Financial (LPLA) at 10.1% of the portfolio, followed by Franklin Templeton (BEN, 8.7%) and International Bancshares CRP (IBOC, 6.4%). Compared with Q3 2025, it opened 17 new positions, sold out of 33, added to 18 and reduced 12. The biggest buy was Franklin Templeton (BEN, shares +79%) and the biggest sale an exit from Bank of America (BAC).

Most Recent 13F
Q2 2026
Location
MIAMI, FL
CIK
0001700272
Portfolio Value
$1.6B (Q4 2025)
SEC Filing
0001013594-26-000240 ↗ filed Feb 17, 2026

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 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 $1.6B Q4 2025 Q1 2026: $1.5B Q1 2026 Q2 2026: $2.4B Q2 2026

Holdings 47 stocks · $1.6B
LPLA LPL Financial Holdings Inc. 10.08% 448,189 $160.1M Add +26.8%
BEN Franklin Templeton Inc. 8.72% 5,796,575 $138.5M Add +78.8%
IBOC International Bancshares CRP 6.38% 1,524,345 $101.3M Add +35.1%
C Citigroup Inc. 5.90% 802,268 $93.6M Add +56.5%
OMF Onemain Holdings Inc. 5.80% 1,362,934 $92.1M Add +210.7%
VLY Valley National Bancorp 5.74% 7,798,088 $91.1M Reduce -19.8%
BBT Beacon Financial Corp. 5.20% 3,133,051 $82.6M Add +454.5%
WT Wisdomtree Inc. 4.72% 6,150,111 $75.0M Add +9.3%
CCB Coastal Financial Corp. 4.46% 618,244 $70.8M Add +4.6%
TCBI Texas Capital Bancshares Inc. 3.85% 675,833 $61.2M Reduce -34.8%
SYF Synchrony Financial 3.50% 667,070 $55.7M Add +388.7%
UWMC Uwm Holdings Corp. 3.12% 11,296,053 $49.5M Add +230.8%
WBS Webster Financial Corp. 3.03% 764,322 $48.1M Reduce -46.0%
EVR Evercore Inc. Class A 2.53% 118,110 $40.2M Reduce -8.4%
ARX Accelerant Holdings Class A 2.51% 2,439,094 $39.9M Add +288.9%
RELY Remitly Global Inc. 2.50% 2,879,568 $39.7M Add +50.4%
UPST Upstart Holdings Inc. 2.43% 882,231 $38.6M New
HUT Hut 8 Corp. 2.00% 690,492 $31.7M Add +181.2%
SCHW Schwab (charles) Corp. 1.68% 267,195 $26.7M New
DLO Dlocal Ltd. 1.38% 1,547,965 $21.9M New
NP Neptune Insurance Holdi Class A 1.37% 743,987 $21.7M New
BRBS Blue Ridge Bankshares Inc. 1.33% 4,937,973 $21.1M Add +10.5%
EWBC East West Bancorp Inc. 1.22% 172,673 $19.4M New
SLM SLM Corp. 1.13% 665,688 $18.0M New
SEIC Sei Investments Company 1.12% 216,465 $17.8M New
INDB Independent Bank Corp. 1.02% 221,838 $16.2M New
CBC Central Bancompany 0.88% 581,710 $14.0M New
BULL Webull Corp. 0.88% 1,800,423 $14.0M Reduce -45.3%
DAVE Dave Inc. 0.87% 62,501 $13.8M Reduce -53.1%
CIFR Cipher Digital Inc. 0.83% 890,561 $13.1M New
HAPN Happen Inc. filed as LENDINGCLUB CORP 0.64% 536,577 $10.2M Reduce -77.6%
BTDR Bitdeer Technologies Group-A 0.55% 782,038 $8.8M Reduce -43.9%
DBRG Digitalbridge Group Inc. 0.48% 500,720 $7.7M Reduce -86.5%
COSO Coastal South Bancshares Inc. 0.45% 308,940 $7.2M Reduce -22.6%
BITF Bitfarms Ltd./Canada 0.39% 2,637,772 $6.2M Reduce -35.6%
WLTH Wealthfront Corp. 0.26% 300,518 $4.1M New
COLB Columbia Banking System Inc. 0.21% 121,708 $3.4M New
RIOT Riot Platforms Inc. 0.21% 261,233 $3.3M Reduce -79.2%
PFBC Preferred Bank/Los Angeles 0.20% 32,882 $3.1M New
WAFD Wafd Inc. 0.15% 75,357 $2.4M New
OBT Orange County Bancorp Inc. 0.10% 53,679 $1.5M Add +7.4%
SFST Southern First Bancshares 0.04% 12,526 $645K New
OBK Origin Bancorp Inc. 0.04% 17,012 $640K Add +4.0%
RBB RBB Bancorp 0.04% 30,913 $638K New
DCOM Dime Commercial Bancshares I filed as DIME CMNTY BANCSHARES INC 0.04% 18,669 $562K New
PGC Peapack Gladstone Finl Corp. 0.02% 11,058 $308K Add +4.1%
SLNH Soluna Holdings Inc. 0.00% 29,369 $34K Add +97.7%

Portfolio Sells Q3 2025 → Q4 2025
BAC Bank of America Corp. Sold out 0.00% −6.69
TFC Truist Financial Corp. Sold out 0.00% −5.35
CG The Carlyle Group Inc. Sold out 0.00% −3.13
CMA Comerica Inc. Sold out 0.00% −3.02
FHN First Horizon Corp. Sold out 0.00% −2.80
EBC Eastern Bankshares Inc. Sold out 0.00% −2.18
NU Nu Holdings Ltd./Cayman Isl-A Sold out 0.00% −1.93
FIBK First Interstate Bancsys-A Sold out 0.00% −1.88
KLAR Klarna Group PLC Sold out 0.00% −1.87
PJT PJT Partners Inc. Class A Sold out 0.00% −1.86
SOFI Sofi Technologies Inc. Sold out 0.00% −1.72
DBRG Digitalbridge Group Inc. Reduce -86.5% 0.48% −1.52
MS Morgan Stanley Sold out 0.00% −1.51
NCNO Ncino Inc. Sold out 0.00% −1.44
BULL Webull Corp. Reduce -45.3% 0.88% −1.37
STNE Stoneco Ltd. Class A Sold out 0.00% −1.34
TPG TPG Inc. Sold out 0.00% −1.16
HAPN Happen Inc. Reduce -77.6% 0.64% −1.04
BGC BGC Group Inc. Class A Sold out 0.00% −0.99
WTFC Wintrust Financial Corp. Sold out 0.00% −0.94
RIOT Riot Platforms Inc. Reduce -79.2% 0.21% −0.90
WBS Webster Financial Corp. Reduce -46.0% 3.03% −0.87
PIPR Piper Sandler Cos Sold out 0.00% −0.80
KMX Carmax Inc. Sold out 0.00% −0.76
MC Moelis & Co. Class A Sold out 0.00% −0.74
CLSK Cleanspark Inc. Sold out 0.00% −0.71
JHG Janus Henderson Group PLC Sold out 0.00% −0.63
UCB United Community Banks Sold out 0.00% −0.62
SFNC Simmons First Natl Corp. Class A Sold out 0.00% −0.61
BTDR Bitdeer Technologies Group-A Reduce -43.9% 0.55% −0.55
WULF Terawulf Inc. Sold out 0.00% −0.55
KEY Keycorp Sold out 0.00% −0.42
ABR Arbor Realty Trust Inc. Sold out 0.00% −0.37
DAVE Dave Inc. Reduce -53.1% 0.87% −0.36
CORZ Core Scientific Inc. Sold out 0.00% −0.34
PAYO Payoneer Global Inc. Sold out 0.00% −0.33
TCBI Texas Capital Bancshares Inc. Reduce -34.8% 3.85% −0.21
BITF Bitfarms Ltd./Canada Reduce -35.6% 0.39% −0.14
APLD Applied Digital Corp. Sold out 0.00% −0.14
AUB Atlantic Union Bankshares Co. Sold out 0.00% −0.12
FSUN Firstsun Capital Bancorp Sold out 0.00% −0.05
MCGA Yorkville Acquisition Corp. Class A Sold out 0.00% −0.01
COSO Coastal South Bancshares Inc. Reduce -22.6% 0.45% +0.05
EVR Evercore Inc. Class A Reduce -8.4% 2.53% +0.52
VLY Valley National Bancorp Reduce -19.8% 5.74% +0.96

Portfolio Buys Q3 2025 → Q4 2025
BEN Franklin Templeton Inc. Add +78.8% 8.72% +5.25
OMF Onemain Holdings Inc. Add +210.7% 5.80% +4.65
LPLA LPL Financial Holdings Inc. Add +26.8% 10.08% +4.63
BBT Beacon Financial Corp. Add +454.5% 5.20% +4.58
C Citigroup Inc. Add +56.5% 5.90% +3.48
SYF Synchrony Financial Add +388.7% 3.50% +3.06
IBOC International Bancshares CRP Add +35.1% 6.38% +2.78
UPST Upstart Holdings Inc. New 2.43% +2.43
UWMC Uwm Holdings Corp. Add +230.8% 3.12% +2.15
ARX Accelerant Holdings Class A Add +288.9% 2.51% +2.08
SCHW Schwab (charles) Corp. New 1.68% +1.68
HUT Hut 8 Corp. Add +181.2% 2.00% +1.60
CCB Coastal Financial Corp. Add +4.6% 4.46% +1.50
DLO Dlocal Ltd. New 1.38% +1.38
NP Neptune Insurance Holdi Class A New 1.37% +1.37
EWBC East West Bancorp Inc. New 1.22% +1.22
SLM SLM Corp. New 1.13% +1.13
SEIC Sei Investments Company New 1.12% +1.12
WT Wisdomtree Inc. Add +9.3% 4.72% +1.10
RELY Remitly Global Inc. Add +50.4% 2.50% +1.06
INDB Independent Bank Corp. New 1.02% +1.02
CBC Central Bancompany New 0.88% +0.88
CIFR Cipher Digital Inc. New 0.83% +0.83
BRBS Blue Ridge Bankshares Inc. Add +10.5% 1.33% +0.45
WLTH Wealthfront Corp. New 0.26% +0.26
COLB Columbia Banking System Inc. New 0.21% +0.21
PFBC Preferred Bank/Los Angeles New 0.20% +0.20
WAFD Wafd Inc. New 0.15% +0.15
SFST Southern First Bancshares New 0.04% +0.04
RBB RBB Bancorp New 0.04% +0.04
OBT Orange County Bancorp Inc. Add +7.4% 0.10% +0.04
DCOM Dime Commercial Bancshares I New 0.04% +0.04
OBK Origin Bancorp Inc. Add +4.0% 0.04% +0.01
PGC Peapack Gladstone Finl Corp. Add +4.1% 0.02% +0.01
SLNH Soluna Holdings Inc. Add +97.7% 0.00% +0.00

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