Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Azul SA-Adr (AZUL)

0 + Investors. Track Smart Money conviction in AZUL. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +42
Streak
1Q ▲
Buyers last Q
98%

Smart Money Signals — AZUL

Based on 43 hedge funds · latest filing: 2026 Q2 · updated quarterly

📈

Buying streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds added AZUL than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.
🔻

Below peak — only 54% of 3.0Y high

54% of all-time peak
Only 43 funds hold AZUL today versus a peak of 80 funds at 2023 Q4 — just 54% of the maximum. Low institutional ownership can mean the stock is out of favor, but it also means there's a large pool of potential buyers if sentiment turns.
📉

Outflows — 25% fewer funds vs a year ago

fund count last 6Q
14 fewer hedge funds hold AZUL compared to a year ago (-25% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
🟢

More buyers than sellers — 98% buying

42 buying1 selling
Last quarter: 42 funds were net buyers (42 opened a brand new position + 0 added to an existing one). Only 1 were sellers (1 trimmed + 0 sold completely). A clear majority buying is a strong confirmation signal.
📈

More new buyers each quarter (+42 vs last Q)

new funds entering per quarter
Funds opening a new AZUL position: 4 → 0 → 0 → 42. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
📌

Mixed — 33% long-term, 56% new

■ 33% conviction (2yr+) ■ 12% medium ■ 56% new
Of the 43 current holders: 14 (33%) held >2 years, 5 held 1–2 years, and 24 entered in the last year. A mixed base — the stock has long-term believers but also recent buyers who haven't been tested by a downturn yet.
💰

Value +572435621% but shares only +3125870% — price-driven

Value
+572435621%
Shares
+3125870%
Last quarter: the total dollar value of institutional holdings rose +572435621%, but actual share count only changed +3125870%. The gap is explained by the stock's price rising — not new buying. Strong value growth with weak share growth means the rally is price momentum, not fresh institutional demand.
🚀

Acceleration phase — new buyers rushing in

11 → 4 → 0 → 0 → 42 new funds/Q
New funds entering each quarter: 4 → 0 → 0 → 42. The pace of institutional discovery is accelerating sharply. This is the 'hot idea' phase — the thesis is being passed from fund to fund. You are not late — the accumulation wave is still building.
🏛️

Veteran-anchored — 47% veterans vs 44% newcomers

■ 47% veterans ■ 9% 1-2yr ■ 44% new
Entry-cohort mix of 43 holders: 20 (47%) are 2+ year veterans, 4 entered 1–2 years ago, and 19 (44%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
📋

Smaller funds dominant — 4% AUM from top-100

4% from top-100 AUM funds
9 of 42 holders rank in the top 100 by AUM, but together hold only 4% of total institutional value. The stock is held primarily by smaller and mid-sized funds.
2.1
out of 10
Low Exit Risk
Exit risk score 2.1/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — AZUL

In 2026 Q2, 42 hedge funds were net buyers of AZUL (42 opened a brand-new position), while 1 reduced or exited (1 trimmed their position) — a 98% buyer ratio, indicating clear institutional accumulation. Net fund flow last quarter: +42 funds (more new holders than closures). Total institutional holders: 43.

Hedge Fund Ownership: AZUL

How many hedge funds hold AZUL — quarterly history vs. share price
Quarterly hedge fund ownership of AZUL vs. share price

Market Analysis: AZUL

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: AZUL

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Loading signal freshness…
Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

0 top-rated funds 0 high-conviction
Consensus
0.0
/ 10
breadth
×
Elite
0.0
/ 10
conviction
Hedge Fund Positioning: AZUL
2026 Q3 Stats Unlock in 42 days 0 + Investors

Track Smart Money conviction in AZUL. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 0 0 -
13F Shares 0 0 -
Total Value $0 $0 -
New Positions 0 0 -
Increased Positions 0 0 -
Closed Positions 0 1 -1
Reduced Positions 0 0 -
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: AZUL

View More

Valuation Measures Data as of: --

Market Cap --
Enterprise Value --
Trailing P/E --
Forward P/E --
PEG Ratio (5yr expected) --
Price/Sales (ttm) --
Price/Book (mrq) --
Enterprise Value/Revenue --
Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

Profitability
Profit Margin --
Return on Assets (ttm) --
Return on Equity (ttm) --
Income Statement & Cash Flow
Revenue (ttm) --
Net Income Avi to Common (ttm) --
Diluted EPS (ttm) --
Total Cash (mrq) --
Total Debt/Equity (mrq) --
Levered Free Cash Flow (ttm) --

Institutional Holders (2026 Q2)

0 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in AZUL. Verified SEC 13F-HR filings.

QUARTER:
Top 25 AZUL holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 United Airlines Holdings, Inc. 37.16% 15,919,380 $143.1M
2 MSD Partners, L.P. 13.43% 1,147,091 $10.3M
3 DSC Meridian Capital LP 11.52% 5,474,847 $49.2M
4 VR Advisory Services Ltd 7.06% 8,854,652 $79.6M
5 Caspian Capital LP 5.28% 1,034,524 $9.3M
6 Sagil Capital LLP 2.71% 843,494 $7.6M
7 Mirabella Financial Services LLP 1.80% 2,059,046 $18.9M
8 Knighthead Capital Management, LLC 1.36% 1,773,734 $16.0M
9 BlackBarn Capital Partners LP 1.28% 1,684,188 $15.1M
10 DG Capital Management, LLC 1.17% 616,433 $5.5M
11 Deltroit Asset Management (UK) LLP 1.07% 825,100 $7.4M
12 Whitebox Advisors LLC 0.98% 8,362,136 $75.2M
13 Redwood Capital Management, LLC 0.79% 816,991 $7.3M
14 Canyon Capital Advisors LLC 0.74% 721,828 $6.5M
15 AWH Capital, L.P. 0.73% 115,000 $1.0M
16 Readystate Asset Management LP 0.64% 2,098,940 $18.9M
17 PointState Capital LP 0.21% 1,855,834 $16.7M
18 Css LLC/Il 0.21% 597,806 $5.4M
19 Scoggin Management LP 0.20% 210,198 $1.9M
20 Senator Investment Group LP 0.17% 505,584 $4.5M
21 Glendon Capital Management LP 0.13% 113,909 $1.0M
22 Kim, LLC 0.11% 123,940 $1.1M
23 Viking Global Investors LP 0.03% 1,349,734 $12.1M
24 Fore Capital, LLC 0.03% 12,751 $115K
25 SPX Gestao de Recursos Ltda 0.02% 15,676 $141K
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — Azul SA-Adr (AZUL)

What does the Smart Money Trend signal show for AZUL?

Buying streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds added AZUL than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for AZUL?

More buyers than sellers — 98% buying: Last quarter: 42 funds were net buyers (42 opened a brand new position + 0 added to an existing one). Only 1 were sellers (1 trimmed + 0 sold completely). A clear majority buying is a strong confirmation signal.

What is the fund quality score for AZUL holders?

Smaller funds dominant — 4% AUM from top-100: 9 of 42 holders rank in the top 100 by AUM, but together hold only 4% of total institutional value. The stock is held primarily by smaller and mid-sized funds.

How long have hedge funds held AZUL?

Mixed — 33% long-term, 56% new: Of the 43 current holders: 14 (33%) held >2 years, 5 held 1–2 years, and 24 entered in the last year. A mixed base — the stock has long-term believers but also recent buyers who haven't been tested by a downturn yet.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

Full history →