Azora Capital Lp
- Regulatory AUM
- $2.5B
- Discretionary
- $2.5B
- Clients
- 19
- Avg AUM / client
- $132M
- Accounts
- 19
- Employees
- 16
AUM over time
Annual snapshots from Form ADV filings · as of Mar 27, 2026
Investments (13F portfolio — 45 positions, $1,520,551,745)
13F period Mar 31, 2026| # | Issuer | Class | Value | Shares | % of 13F | % of AUM |
|---|---|---|---|---|---|---|
| 1 | Lpl Finl Hldgs Inc | COM | $128,556,091 | 427,338 | 8.45% | 5.14% |
| 2 | Franklin Resources Inc | COM | $120,460,795 | 5,099,949 | 7.92% | 4.81% |
| 3 | Valley Natl Bancorp | COM | $109,888,796 | 8,948,599 | 7.23% | 4.39% |
| 4 | Beacon Financial Corp. | COM | $94,138,230 | 3,137,941 | 6.19% | 3.76% |
| 5 | International Bancshares Cor | COM | $88,329,833 | 1,312,674 | 5.81% | 3.53% |
| 6 | Wisdomtree Inc | COM | $87,179,529 | 5,987,605 | 5.73% | 3.48% |
| 7 | Virtu Finl Inc | CL A | $82,725,940 | 1,880,990 | 5.44% | 3.31% |
| 8 | Slm Corp | COM | $68,636,349 | 3,205,808 | 4.51% | 2.74% |
| 9 | Prosperity Bancshares Inc | COM | $62,883,369 | 936,043 | 4.14% | 2.51% |
| 10 | Schwab Charles Corp | COM | $55,405,627 | 589,547 | 3.64% | 2.21% |
| 11 | Coastal Finl Corp Wa | COM NEW | $50,120,754 | 658,617 | 3.3% | 2.0% |
| 12 | Riot Platforms Inc | COM | $46,136,382 | 3,732,717 | 3.03% | 1.84% |
| 13 | Block Inc | CL A | $41,839,964 | 695,247 | 2.75% | 1.67% |
| 14 | Texas Cap Bancshares Inc | COM | $37,952,000 | 400,000 | 2.5% | 1.52% |
| 15 | Hut 8 Corp | COM | $35,866,119 | 764,573 | 2.36% | 1.43% |
| 16 | East West Bancorp Inc | COM | $33,303,675 | 311,949 | 2.19% | 1.33% |
| 17 | Bitdeer Technologies Group | CL A ORD SHS | $28,957,320 | 3,347,667 | 1.9% | 1.16% |
| 18 | Prog Holdings Inc | COM NPV | $27,731,065 | 966,576 | 1.82% | 1.11% |
| 19 | Home Bancshares Inc | COM | $27,720,180 | 1,029,342 | 1.82% | 1.11% |
| 20 | Accelerant Holdings | CL A | $26,455,619 | 1,980,211 | 1.74% | 1.06% |
| 21 | Neptune Ins Hldgs Inc | CL A | $23,077,962 | 954,029 | 1.52% | 0.92% |
| 22 | Klarna Group Plc | SHS | $20,221,471 | 1,544,803 | 1.33% | 0.81% |
| 23 | Bitfarms Ltd | COM | $19,879,187 | 10,194,455 | 1.31% | 0.79% |
| 24 | Firstcash Holdings Inc | COM | $18,235,436 | 96,997 | 1.2% | 0.73% |
| 25 | Acadian Asset Management Inc | COM | $17,923,173 | 329,349 | 1.18% | 0.72% |
Top 25 of 45 positions from the manager's latest Form 13F · source filing (EDGAR) ↗. 13F covers long US-listed positions only. "% of AUM" is share of the firm's total regulatory AUM (Form ADV Item 5.F).
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Pooled investment vehicles (non-investment companies) | 15 | $2.0B | 78.0% |
| Insurance companies | 1 | $88.0M | 3.52% |
| Other | 3 | $462M | 18.5% |
Private funds (2)
Reported in Form ADV Section 7.B.(1), filing of Mar 2024 · $683M combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Azora Master Fund Lp master | Hedge Fund | Cayman Islands | $672M | 40 |
| Azora Nextgen Fund Lp | Hedge Fund | Delaware | $11.2M | 4 |
People (2)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Chopra, Ravi, (Nmn) | Chief Investment Officer | Jun 2016 (10y) | ≈ 0% – 5% via Azora Capital Gp Llc | |
| Reyes, Richard, Anthony | Chief Compliance Officer And Chief Financial Officer | Jan 2019 (8y) | Less than 5% |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Chopra Family Llc | Limited Partner | Apr 2017 | A | 75% or more |
| Azora Capital Gp Llc | General Partner | Jun 2016 | A | Less than 5% |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Chopra, Ravi, (Nmn): 75% – 100% of Azora Capital Gp Llc × 0% – 5% direct ≈ 0% – 5% of the firm
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Private funds (2, $683M gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Azora Master Fund Lp | Hedge Fund | $672M | $2.0M | 40 |
| Azora Nextgen Fund Lp | Hedge Fund | $11.2M | $2.0M | 4 |
From Form ADV Section 7.B private fund reporting.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/27/2026 | 1.71 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
- • Performance-based fees
- • Other fees
- • PERFORMANCE-BASED ALLOCATIONS
Services
- • Portfolio management for pooled investment vehicles
- • Other services
Custody
Reported custodians
- Morgan Stanley $462M (18% of AUM) Mar 2026
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports having custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Mar 27, 2026.
View current Form ADV (SEC/IAPD) ↗