AZUL S A AZUL
SPONSORED ADS · ADR · CUSIP 05501U601
- SectorIndustrials
- IndustryAir Transportation, Scheduled
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once. Holder counts are more reliable. Implied quarter-end price ≈ $9.00. Options: 2 managers hold calls ($1.2m notional), 0 hold puts (—).
Trends to Q2 2026
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $0 | $0 | — |
| Q4 2025 | $0 | $0 | — |
| Q1 2026 | $0 | $0 | — |
| Q2 2026 | $1.2m | $0 | 0.00 |
Biggest buyers
| United Airlines Holdings, Inc. | New | +15.9m |
| VR Advisory Services Ltd | New | +8.9m |
| WHITEBOX ADVISORS LLC | New | +8.4m |
| DSC Meridian Capital LP | New | +5.5m |
| READYSTATE ASSET MANAGEMENT LP | New | +2.1m |
| MIRABELLA FINANCIAL SERVICES LLP | New | +2.1m |
| PointState Capital LP | New | +1.9m |
| Knighthead Capital Management, LLC | New | +1.8m |
| BlackBarn Capital Partners LP | New | +1.7m |
| VIKING GLOBAL INVESTORS LP | New | +1.3m |
Biggest sellers
| None |
Biggest calls
| GROUP ONE TRADING LLC | New | $1.1m120.5k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | New | $124.1k13.8k shares |
Biggest puts
| None |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| READYSTATE ASSET MANAGEMENT LP 13G · passive investor filed 2026-08-14 | 10.7% |
| BlackBarn Capital Partners LP 13G · passive investor new · filed 2026-02-27 | 8.4% |
American Airlines Group Inc.
13D · may seek influence
new · filed 2026-10-26
Stated purposeWarrant Exercise Item 3 above includes a description of the Warrant Exercise and is incorporated by reference to this Item 4. General The Reporting Persons acquired the securities described in this Schedule 13D in connection with the Warrant Exercise and intend to review their investment in the Issuer on a continuing basis. Any actions the Reporting Persons might undertake may be made at any time and from time to time without prior notice and will be dependent upon the Reporting Persons' review of numerous factors, including, but not limited to: an ongoing evaluation of the Issuer's business, financial condition, operations and prospects; price levels of the Issuer's securities; general market, industry and economic conditions; the relative attractiveness of alternative business and inv… Full filing |
7.9% |
| Wagner Thomas 13G · institution new · filed 2026-04-06 | 7.4% |
Fell to 5% or below in the last year: VR Advisory Services Ltd (4.9%, 2026-08-14), NEELEMAN DAVID (0.0%, 2026-02-24)
Insider purchases and sales since 1 Apr 2026
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
None reported since 1 Apr 2026.
Holders, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| United Airlines Holdings, Inc. 37.16% of their portfolio | 15.9m $143.1m | New |
| VR Advisory Services Ltd 7.06% of their portfolio | 8.9m $79.6m | New |
| WHITEBOX ADVISORS LLC 1.21% of their portfolio | 8.4m $75.2m | New |
| DSC Meridian Capital LP 11.52% of their portfolio | 5.5m $49.2m | New |
| READYSTATE ASSET MANAGEMENT LP 0.77% of their portfolio | 2.1m $18.9m | New |
| MIRABELLA FINANCIAL SERVICES LLP 1.82% of their portfolio | 2.1m $18.9m | New |
| PointState Capital LP 0.29% of their portfolio | 1.9m $16.7m | New |
| Knighthead Capital Management, LLC 2.85% of their portfolio | 1.8m $16.0m | New |
| BlackBarn Capital Partners LP 3.76% of their portfolio | 1.7m $15.1m | New |
| VIKING GLOBAL INVESTORS LP 0.03% of their portfolio | 1.3m $12.1m | New |
| MSD Partners, L.P. 13.43% of their portfolio | 1.1m $10.3m | New |
| CASPIAN CAPITAL LP 5.28% of their portfolio | 1.0m $9.3m | New |
| Sagil Capital LLP 3.70% of their portfolio | 843.5k $7.6m | New |
| Deltroit Asset Management (UK) LLP 1.21% of their portfolio | 825.1k $7.4m | New |
| REDWOOD CAPITAL MANAGEMENT, LLC 0.79% of their portfolio | 817.0k $7.3m | New |
| FMR LLC 0.00% of their portfolio | 811.7k $7.3m | New |
| CANYON CAPITAL ADVISORS LLC 0.74% of their portfolio | 721.8k $6.5m | New |
| DG Capital Management, LLC 1.92% of their portfolio | 616.4k $5.5m | New |
| CSS LLC/IL 0.24% of their portfolio | 597.8k $5.4m | New |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 594.7k $5.3m | New |
| Senator Investment Group LP 0.17% of their portfolio | 505.6k $4.5m | Not comparable |
| Man Group plc 0.01% of their portfolio | 488.1k $4.4m | New |
| Taconic Capital Advisors LP 2.35% of their portfolio | 433.2k $3.9m | New |
| Walleye Capital LLC 0.02% of their portfolio | 371.0k $3.3m | New |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 344.5k $3.1m | New |
| BlackRock, Inc. 0.00% of their portfolio | 322.6k $2.9m | New |
| AWH Capital, L.P. 0.72% of their portfolio | 230.0k $2.1m | New |
| SCOGGIN MANAGEMENT LP 0.45% of their portfolio | 210.2k $1.9m | New |
| KIM, LLC 0.15% of their portfolio | 123.9k $1.1m | New |
| Glendon Capital Management LP 0.13% of their portfolio | 113.9k $1.0m | New |
| MORGAN STANLEY 0.00% of their portfolio | 106.0k $953.0k | New |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 85.2k $766.1k | New |
| SEI INVESTMENTS CO 0.00% of their portfolio | 53.7k $470.3k | New |
| EDMOND DE ROTHSCHILD HOLDING S.A. 0.01% of their portfolio | 46.0k $413.7k | New |
| Centiva Capital, LP 0.01% of their portfolio | 36.3k $326.4k | New |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 23.9k $214.6k | New |
| GTS SECURITIES LLC 0.00% of their portfolio | 18.0k $161.5k | New |
| SPX Gestao de Recursos Ltda 0.02% of their portfolio | 15.7k $140.9k | New |
| Fore Capital, LLC 0.15% of their portfolio | 12.8k $114.6k | New |
| FNY Investment Advisers, LLC 0.01% of their portfolio | 4.6k $41.0k | New |
| Ameliora Wealth Management Ltd. 0.01% of their portfolio | 2.0k $18.0k | New |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 1.3k $11.5k | New |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 1 $9 | New |