Institutional HoldersBeta

Who holds a company, from every 13F filed for the quarter, one row per filer exactly as filed, against the latest share count the company reported.

AZUL SA

CIK 0001432364AZULAZUXY· quarter ending 2026-06-30
Shares outstanding
54,915,416,916,528
Held by 13F filers
60,990,638
across share classes — see % per class below
Holders
43
+43 vs 2026-03-31 · 43 new, 0 exited
Value
$548.7M
shares +— vs prior quarter

Share classes (cover page of the 20-F filed 2026-04-03, as of 2026-04-02)

ClassListedShares outstandingHeld by 13F filers% of classHoldersCUSIP
Common stock—2,128,965,121——
Common stock—54,913,287,951,407——
Not matched to a class60,990,638—05501U601

Each class is compared with its own share count; classes are not added together. A class that is not exchange-listed cannot be held by 13F filers.

Securities (CUSIPs held in 13F this quarter)

tick to combine
CountCUSIPClass (as filers write it)HoldersShares heldClass shares% of classValueOptionsMapped via
05501U601SPONSORED ADR4360,990,638——$548.7M1 call / 0 put13DGholders →
05501U502COMnot common1117,647——$1.1M—13DGholders →

Totals combine the ticked CUSIPs and update as you tick: common-stock classes by default; preferreds, notes, warrants and depositary shares are listed but not counted. "holders →" shows a single CUSIP on its own. Bonds are held as a principal amount, not shares. Options positions are never counted as holdings. 3 further CUSIPs map to this company (mostly bonds) but no 13F filer held them this quarter.

Top holders (43 of 43 · 05501U601)

change vs 2026-03-31
#FilerShares% of classValueChange
1United Airlines Holdings, Inc.15,919,380—$143.1MNEW
2VR Advisory Services Ltd8,854,652—$79.6MNEW
3WHITEBOX ADVISORS LLC8,362,136—$75.2MNEW
4DSC Meridian Capital LP5,474,847—$49.2MNEW
5READYSTATE ASSET MANAGEMENT LP2,098,940—$18.9MNEW
6MIRABELLA FINANCIAL SERVICES LLP2,059,046—$18.9MNEW
7PointState Capital LP1,855,834—$16.7MNEW
8Knighthead Capital Management, LLC1,773,734—$16.0MNEW
9BlackBarn Capital Partners LP1,684,188—$15.1MNEW
10VIKING GLOBAL INVESTORS LP1,349,734—$12.1MNEW
11MSD Partners, L.P.1,147,091—$10.3MNEW
12CASPIAN CAPITAL LP1,034,524—$9.3MNEW
13Sagil Capital LLP843,494—$7.6MNEW
14Deltroit Asset Management (UK) LLP825,100—$7.4MNEW
15REDWOOD CAPITAL MANAGEMENT, LLC816,991—$7.3MNEW
16FMR LLC811,746—$7.3MNEW
17CANYON CAPITAL ADVISORS LLC721,828—$6.5MNEW
18DG Capital Management, LLC616,433—$5.5MNEW
19CSS LLC/IL597,806—$5.4MNEW
20WELLS FARGO & COMPANY/MN594,724—$5.3MNEW
21Senator Investment Group LP505,584—$4.5MNEW
22Man Group plc488,052—$4.4MNEW
23Taconic Capital Advisors LP433,176—$3.9MNEW
24Walleye Capital LLC370,987—$3.3MNEW
25ROYAL BANK OF CANADA344,508—$3.1MNEW
26BlackRock, Inc.322,632—$2.9MNEW
27AWH Capital, L.P.230,000—$2.1MNEW
28SCOGGIN MANAGEMENT LP210,198—$1.9MNEW
29KIM, LLC123,940—$1.1MNEW
30Glendon Capital Management LP113,909—$1.0MNEW
31MORGAN STANLEY106,003—$953KNEW
32GOLDMAN SACHS GROUP INC85,216—$766KNEW
33SEI INVESTMENTS CO53,686—$470KNEW
34EDMOND DE ROTHSCHILD HOLDING S.A.46,017—$414KNEW
35Centiva Capital, LP36,309—$326KNEW
36BANK OF AMERICA CORP /DE/23,876—$215KNEW
37GTS SECURITIES LLC17,963—$161KNEW
38SPX Gestao de Recursos Ltda15,676—$141KNEW
39Fore Capital, LLC12,751—$115KNEW
40FNY Investment Advisers, LLC4,646—$41KNEW
41Ameliora Wealth Management Ltd.2,000—$18KNEW
42RHUMBLINE ADVISERS1,280—$12KNEW
43JPMORGAN CHASE & CO1—$9NEW

Large holders from 13D/13G (latest per reporting person, last 2 years)

Filed when a holder crosses 5% or changes materially, so often more current than the quarter-end 13F. Percentages are the filer's own, against the share count they used.

Reporting personFormFiledEventShares% of class
Readystate Asset Management, LPSCHEDULE 13G/A2026-08-142026-08-1239,637,31910.7%
VR Global Partners, L.P.SCHEDULE 13G/A2026-08-142026-06-3017,900,3364.9%
VR Capital Participation Ltd.SCHEDULE 13G/A2026-08-142026-06-3017,900,3364.9%
VR Capital Holdings Ltd.SCHEDULE 13G/A2026-08-142026-06-3017,900,3364.9%
VR Capital Group Ltd.SCHEDULE 13G/A2026-08-142026-06-3017,900,3364.9%
VR Advisory Services LtdSCHEDULE 13G/A2026-08-142026-06-3017,900,3364.9%
Ryan GarinoSCHEDULE 13G/A2026-08-142026-08-1239,637,31910.7%
David GrossmanSCHEDULE 13G/A2026-08-142026-08-1239,637,31910.7%
Readystate Strategic Opportunities Master Fund Ltd.SCHEDULE 13G/A2026-08-142026-08-127,531,0772%
Deitz RichardSCHEDULE 13G/A2026-08-142026-06-3017,900,3364.9%
Readystate Master Fund, Ltd.SCHEDULE 13G/A2026-08-142026-08-1232,106,2428.7%
Thomas A. Wagner IIISCHEDULE 13G2026-04-062026-02-204,063,104,500,0007.4%
Ara D. CohenSCHEDULE 13G2026-04-062026-02-204,063,104,500,0007.4%
FLOW TRADERS U.S. LLCSCHEDULE 13G/A2026-03-052026-01-0500%
United Airlines Holdings, Inc.SCHEDULE 13D2026-02-272026-02-204,775,834,632,2168.7%
Jonathan CarterSCHEDULE 13G2026-02-272026-02-204,603,614,558,4608.4%
BlackBarn Capital GP, LLCSCHEDULE 13G2026-02-272026-02-204,603,614,558,4608.4%
BlackBarn Capital Master Fund, LPSCHEDULE 13G2026-02-272026-02-204,603,614,558,4608.4%
BlackBarn Capital Partners GP, LLCSCHEDULE 13G2026-02-272026-02-204,603,614,558,4608.4%
BlackBarn Capital Partners LPSCHEDULE 13G2026-02-272026-02-204,603,614,558,4608.4%
CALFINCO Caymans Ltd.SCHEDULE 13D2026-02-272026-02-2018,632,2160%
United Airlines, Inc.SCHEDULE 13D2026-02-272026-02-204,775,834,632,2168.7%
Saleb II Founder 1 LLCSCHEDULE 13D/A2026-02-242026-02-20123,5510%
NEELEMAN DAVIDSCHEDULE 13D/A2026-02-242026-02-2025,958,2210%
LONG FOCUS CAPITAL MANAGEMENT, LLCSCHEDULE 13G2025-08-142025-06-3000%
JOHN HELMERSSCHEDULE 13G2025-08-142025-06-3000%
Jose Mario Caprioli dos SantosSCHEDULE 13D/A2025-04-102025-04-083,644,2770.8%
Trip Investimentos Ltda.SCHEDULE 13D/A2025-04-102025-04-081,091,3020.3%
Trip Participacoes S.A.SCHEDULE 13D/A2025-04-102025-04-088,650,1892%
Rio Novo Locacoes LtdaSCHEDULE 13D/A2025-04-102025-04-083,054,0190.7%
Renan ChieppeSCHEDULE 13D/A2025-04-102025-04-088,650,1892%
Decio Luiz ChieppeSCHEDULE 13D/A2025-04-102025-04-0811,704,2082.7%
David Gary NeelemanSCHEDULE 13D2025-02-042025-01-2815,628,4384.5%
Rio Novo Locacoes Ltda.SCHEDULE 13D2025-02-042025-01-28326,9940.1%

Source: SEC Form 13F-HR information tables for the quarter ending 2026-06-30 (filed within 45 days of quarter end; amendments applied; values normalised to dollars), the share count from the company's latest 10-K/10-Q XBRL cover page, and Schedule 13D/13G filings. Each row is a legal 13F filer as filed — related entities (e.g. Vanguard's advisers) are not merged. Retail brokerage accounts are not reported on 13F, so the remainder is mostly retail and insiders.