Azora Capital 13F-HR Quarterly holdings report by institutional manager

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

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COLUMN 1	COLUMN 2	COLUMN 3	COLUMN 4	COLUMN 5			COLUMN 6	COLUMN 7	COLUMN 8
			VALUE	SHRS OR	SH/	PUT/	INVESTMENT	OTHER	VOTING AUTHORITY
NAME OF ISSUER	TITLE OF CLASS	CUSIP	(x$1000)	PRN AMT	PRN	CALL	DISCRETION	MANAGER	SOLE	SHARED	NONE
ALKAMI TECHNOLOGY INC	COM	01644J108	14,780,360	1,167,485	SH		SOLE		1,167,485	0	0
ALLY FINL INC	COM	02005N100	8,720,460	342,113	SH		SOLE		342,113	0	0
AMERICAN EXPRESS CO	COM	025816109	57,016,782	345,661	SH		SOLE		345,661	0	0
AVIDXCHANGE HOLDINGS INC	COM	05368X102	5,106,715	654,707	SH		SOLE		654,707	0	0
BILL HOLDINGS INC	COM	090043100	35,020,754	431,609	SH		SOLE		431,609	0	0
BLACK KNIGHT INC	COM	09215C105	16,962,069	294,685	SH		SOLE		294,685	0	0
BRIGHTSPHERE INVT GROUP INC	COM	10948W103	31,435,583	1,333,146	SH		SOLE		1,333,146	0	0
CBOE GLOBAL MKTS INC	COM	12503M108	11,318,311	84,314	SH		SOLE		84,314	0	0
CITIGROUP INC	COM NEW	172967424	49,191,080	1,049,074	SH		SOLE		1,049,074	0	0
EXPENSIFY INC	COM CL A	30219Q106	157,751	19,356	SH		SOLE		19,356	0	0
FEDERATED HERMES INC	CL B	314211103	25,793,563	642,590	SH		SOLE		642,590	0	0
FIDELITY NATL INFORMATION SV	COM	31620M106	17,512,189	322,330	SH		SOLE		322,330	0	0
FIRST CTZNS BANCSHARES INC N	CL A	31946M103	4,257,313	4,375	SH		SOLE		4,375	0	0
FIRST FNDTN INC	COM	32026V104	12,800,396	1,718,174	SH		SOLE		1,718,174	0	0
FIRST REP BK SAN FRANCISCO C	COM	33616C100	18,853,651	1,347,652	SH		SOLE		1,347,652	0	0
GLOBAL PMTS INC	COM	37940X102	38,772,310	368,418	SH		SOLE		368,418	0	0
INTERNATIONAL BANCSHARES COR	COM	459044103	28,227,072	659,203	SH		SOLE		659,203	0	0
JANUS HENDERSON GROUP PLC	ORD SHS	G4474Y214	16,775,022	629,693	SH		SOLE		629,693	0	0
JEFFERIES FINL GROUP INC	COM	47233W109	16,671,498	525,252	SH		SOLE		525,252	0	0
KEYCORP	COM	493267108	4,162,199	332,444	SH		SOLE		332,444	0	0
KEYCORP	COM	493267108	10,516,800	840,000	SH	Call	SOLE		840,000	0	0
LPL FINL HLDGS INC	COM	50212V100	57,054,334	281,889	SH		SOLE		281,889	0	0
MARATHON DIGITAL HOLDINGS IN	COM	565788106	1,037,122	303,252	SH		SOLE		303,252	0	0
NERDWALLET INC	COM CL A	64082B102	10,866,456	671,598	SH		SOLE		671,598	0	0
NEW YORK CMNTY BANCORP INC	COM	649445103	11,334,280	1,253,792	SH		SOLE		1,253,792	0	0
NUVEI CORPORATION	SUB VTG SHS	67079A102	451,924	10,374	SH		SOLE		10,374	0	0
PIPER SANDLER COMPANIES	COM	724078100	8,365,391	60,352	SH		SOLE		60,352	0	0
Q2 HLDGS INC	COM	74736L109	4,895,392	198,838	SH		SOLE		198,838	0	0
REPAY HLDGS CORP	COM CL A	76029L100	4,466,404	679,818	SH		SOLE		679,818	0	0
SPDR SER TR	S&P REGL BKG	78464A698	24,254,580	553,000	SH	Call	SOLE		553,000	0	0
STIFEL FINL CORP	COM	860630102	26,093,494	441,589	SH		SOLE		441,589	0	0
STONECO LTD	COM CL A	G85158106	17,094,707	1,791,898	SH		SOLE		1,791,898	0	0
UWM HOLDINGS CORPORATION	COM CL A	91823B109	4,021,585	819,060	SH		SOLE		819,060	0	0
VISA INC	COM CL A	92826C839	11,392,268	50,529	SH		SOLE		50,529	0	0
WEBSTER FINL CORP	COM	947890109	38,822,353	984,839	SH		SOLE		984,839	0	0
WISDOMTREE INC	COM	97717P104	42,186,023	7,198,980	SH		SOLE		7,198,980	0	0