Also trades as: AZUL54.SA (SAO) · $vol 9301M · AZUL4.SA (SAO) · $vol 274M · AZUL3.SA (SAO) · $vol 0M
AZUL Institutional Ownership
Azul S.A.
1W: -47.1%
1M: -50.4%
3M: -59.6%
YTD: -61.0%
1Y: +24.4%
3Y: -64.6%
5Y: -72.4%
$3.46
-0.59 (-14.57%)
Weekly Expected Move ±10.7%
$5
$5
$6
$7
$7
Credit Risk of going bust: higher than 99% of companies Debt: 86.2% of company value Bonds: none of note held by US funds details ▾
On these numbers the stock market already values Azul S.A. at less than the debt the model counts.
Total debt $4.00B against a stock market value of $637.6M.
Distance to default -1.59 (Merton model): prices to 2026-10-27, balance sheet 2026-06-30, debt counted $1.53B (short-term plus half of long-term), stock volatility 311.1%. A ranking and a back-test, not a forecast.
US fund filings (SEC N-PORT) show under $25M of this company's bonds, so there is no bond page. Its debt may be bank loans or privately placed. How these are computed.
Total debt $4.00B against a stock market value of $637.6M.
Distance to default -1.59 (Merton model): prices to 2026-10-27, balance sheet 2026-06-30, debt counted $1.53B (short-term plus half of long-term), stock volatility 311.1%. A ranking and a back-test, not a forecast.
US fund filings (SEC N-PORT) show under $25M of this company's bonds, so there is no bond page. Its debt may be bank loans or privately placed. How these are computed.
Overview
Chart
Smart Money
Financials
Income Statement
Cash Flow
Balance Sheet
Earnings
Analysis
Technicals
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Peers
ESG
Institutions
ETF Exposure
Dark Pool
Short Interest
Institutional Ownership — AZUL
43
Institutional Holders
+0 vs prior quarter
0.0%
Ownership
+0.00pp
$532M
Total Invested
42
New Positions
0
Increased
0
Reduced
0
Closed
0.00
Put/Call Ratio
Ownership Trends
Top Institutional Holders (42 total)
| # | Holder | Shares | Value | Change | Change % | Holding Period | Filing |
|---|---|---|---|---|---|---|---|
| 1 | United Airlines Holdings, Inc. NEW | 15,919,380 | $55M | — | +0.0% | 1Q | SEC ↗ |
| 2 | VR Advisory Services Ltd NEW | 8,854,652 | $31M | — | +0.0% | 1Q | SEC ↗ |
| 3 | WHITEBOX ADVISORS LLC NEW | 8,362,136 | $29M | — | +0.0% | 1Q | SEC ↗ |
| 4 | DSC Meridian Capital LP NEW | 5,474,847 | $19M | — | +0.0% | 1Q | SEC ↗ |
| 5 | READYSTATE ASSET MANAGEMENT LP NEW | 2,098,940 | $7M | — | +0.0% | 1Q | SEC ↗ |
| 6 | MIRABELLA FINANCIAL SERVICES LLP NEW | 2,059,046 | $7M | — | +0.0% | 1Q | SEC ↗ |
| 7 | PointState Capital LP NEW | 1,855,834 | $6M | — | +0.0% | 1Q | SEC ↗ |
| 8 | BlackBarn Capital Partners LP NEW | 1,684,188 | $6M | — | +0.0% | 1Q | SEC ↗ |
| 9 | VIKING GLOBAL INVESTORS LP NEW | 1,349,734 | $5M | — | +0.0% | 1Q | SEC ↗ |
| 10 | MSD Partners, L.P. NEW | 1,147,091 | $4M | — | +0.0% | 1Q | SEC ↗ |
| 11 | CASPIAN CAPITAL LP NEW | 1,034,524 | $4M | — | +0.0% | 1Q | SEC ↗ |
| 12 | Sagil Capital LLP NEW | 843,494 | $3M | — | +0.0% | 1Q | SEC ↗ |
| 13 | Deltroit Asset Management (UK) LLP NEW | 825,100 | $3M | — | +0.0% | 1Q | SEC ↗ |
| 14 | REDWOOD CAPITAL MANAGEMENT, LLC NEW | 816,991 | $3M | — | +0.0% | 1Q | SEC ↗ |
| 15 | FMR LLC NEW | 811,746 | $3M | — | +0.0% | 1Q | SEC ↗ |
| 16 | CANYON CAPITAL ADVISORS LLC NEW | 721,828 | $2M | — | +0.0% | 1Q | SEC ↗ |
| 17 | DG Capital Management, LLC NEW | 616,433 | $2M | — | +0.0% | 1Q | SEC ↗ |
| 18 | CSS LLC/IL NEW | 597,806 | $2M | — | +0.0% | 1Q | SEC ↗ |
| 19 | WELLS FARGO & COMPANY/MN NEW | 594,724 | $2M | — | +0.0% | 1Q | SEC ↗ |
| 20 | Senator Investment Group LP NEW | 505,584 | $2M | — | +0.0% | 1Q | SEC ↗ |
| 21 | Man Group plc NEW | 488,052 | $2M | — | +0.0% | 1Q | SEC ↗ |
| 22 | Taconic Capital Advisors LP NEW | 433,176 | $1M | — | +0.0% | 1Q | SEC ↗ |
| 23 | Walleye Capital LLC NEW | 370,987 | $1M | — | +0.0% | 1Q | SEC ↗ |
| 24 | ROYAL BANK OF CANADA NEW | 344,508 | $1M | — | +0.0% | 1Q | SEC ↗ |
| 25 | BlackRock, Inc. NEW | 322,632 | $1M | — | +0.0% | 1Q | SEC ↗ |
| 26 | SCOGGIN MANAGEMENT LP NEW | 210,198 | $727K | — | +0.0% | 1Q | SEC ↗ |
| 27 | KIM, LLC NEW | 123,940 | $429K | — | +0.0% | 1Q | SEC ↗ |
| 28 | AWH Capital, L.P. NEW | 115,000 | $398K | — | +0.0% | 1Q | SEC ↗ |
| 29 | Glendon Capital Management LP NEW | 113,909 | $394K | — | +0.0% | 1Q | SEC ↗ |
| 30 | MORGAN STANLEY NEW | 106,003 | $367K | — | +0.0% | 1Q | SEC ↗ |
| 31 | GOLDMAN SACHS GROUP INC NEW | 85,216 | $295K | — | +0.0% | 1Q | SEC ↗ |
| 32 | SEI INVESTMENTS CO NEW | 53,686 | $186K | — | +0.0% | 1Q | SEC ↗ |
| 33 | EDMOND DE ROTHSCHILD HOLDING S.A. NEW | 46,017 | $159K | — | +0.0% | 1Q | SEC ↗ |
| 34 | Centiva Capital, LP NEW | 36,309 | $126K | — | +0.0% | 1Q | SEC ↗ |
| 35 | BANK OF AMERICA CORP /DE NEW | 23,876 | $83K | — | +0.0% | 1Q | SEC ↗ |
| 36 | GTS SECURITIES LLC NEW | 17,963 | $62K | — | +0.0% | 1Q | SEC ↗ |
| 37 | SPX Gestao de Recursos Ltda NEW | 15,676 | $54K | — | +0.0% | 1Q | SEC ↗ |
| 38 | Fore Capital, LLC NEW | 12,751 | $44K | — | +0.0% | 1Q | SEC ↗ |
| 39 | FNY Investment Advisers, LLC NEW | 4,646 | $16K | — | +0.0% | 1Q | SEC ↗ |
| 40 | Ameliora Wealth Management Ltd. NEW | 2,000 | $7K | — | +0.0% | 1Q | SEC ↗ |
| 41 | RHUMBLINE ADVISERS NEW | 1,280 | $4K | — | +0.0% | 1Q | SEC ↗ |
| 42 | JPMORGAN CHASE & CO NEW | 1 | $0K | — | +0.0% | 1Q | SEC ↗ |
Recent Activity
New Positions (20)
| Holder | Shares | Value |
|---|---|---|
| United Airlines Holdings, Inc. | 15,919,380 | $55M |
| VR Advisory Services Ltd | 8,854,652 | $31M |
| WHITEBOX ADVISORS LLC | 8,362,136 | $29M |
| DSC Meridian Capital LP | 5,474,847 | $19M |
| READYSTATE ASSET MANAGEMENT LP | 2,098,940 | $7M |
| MIRABELLA FINANCIAL SERVICES LLP | 2,059,046 | $7M |
| PointState Capital LP | 1,855,834 | $6M |
| BlackBarn Capital Partners LP | 1,684,188 | $6M |
| VIKING GLOBAL INVESTORS LP | 1,349,734 | $5M |
| MSD Partners, L.P. | 1,147,091 | $4M |
| CASPIAN CAPITAL LP | 1,034,524 | $4M |
| Sagil Capital LLP | 843,494 | $3M |
| Deltroit Asset Management (UK) LLP | 825,100 | $3M |
| REDWOOD CAPITAL MANAGEMENT, LLC | 816,991 | $3M |
| FMR LLC | 811,746 | $3M |
| CANYON CAPITAL ADVISORS LLC | 721,828 | $2M |
| DG Capital Management, LLC | 616,433 | $2M |
| CSS LLC/IL | 597,806 | $2M |
| WELLS FARGO & COMPANY/MN | 594,724 | $2M |
| Senator Investment Group LP | 505,584 | $2M |
Sold Out (0)
No sold-out positions this quarter.
Biggest Increases (0)
None.
Biggest Decreases (0)
None.