AZULNYSEAir Transportation, ScheduledFiscal year ends December 31Also trades as AZUXY
AZUL SA
Financials through fiscal 2025, year ended Dec 31, 2025Last filing: 20-F on Apr 3, 2026
$6.48−0.07 (-1.07%)
Close on Oct 19, 2026
Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Held by institutions
61M
Shares held, 13F filers
Institutional holders
43
43 new, 0 sold out
Net institutional buying
61M
In Q2 2026
Insider trades, 12 months
0 buys · 0 sales
Open-market trades only
Holders of more than 5%
Latest Schedule 13D (active) or 13G (passive) filed by each holder
| Holder | Shares | % of class | Filing | As of |
|---|---|---|---|---|
| David Grossman | 4,946,408,500,000 | 9.00% | 13G (passive) | Feb 20, 2026 |
| United Airlines Holdings, Inc. | 4,775,834,632,216 | 8.70% | 13D (active) | Feb 20, 2026 |
| BlackBarn Capital GP, LLC | 4,603,614,558,460 | 8.40% | 13G (passive) | Feb 20, 2026 |
| Thomas A. Wagner III | 4,063,104,500,000 | 7.40% | 13G (passive) | Feb 20, 2026 |
| Readystate Asset Management, LP | 39,637,319 | 10.70% | 13G (passive) amendment | Aug 12, 2026 |
Top institutional holders
13F holdings as of Jun 30, 2026
| Holder | Shares | % of AZUL | Value | Change | % of portfolio |
|---|---|---|---|---|---|
| United Airlines Holdings, Inc. | 15,919,380 | – | $143.12M | New | 37.16% |
| VR Advisory Services Ltd | 8,854,652 | – | $79.60M | New | 7.06% |
| Whitebox Advisors LLC | 8,362,136 | – | $75.18M | New | 0.98% |
| DSC Meridian Capital LP | 5,474,847 | – | $49.22M | New | 11.52% |
| Readystate Asset Management LP | 2,098,940 | – | $18.87M | New | 0.64% |
| Mirabella Financial Services Llp | 2,059,046 | – | $18.86M | New | 1.80% |
| PointState Capital LP | 1,855,834 | – | $16.68M | New | 0.21% |
| Knighthead Capital Management, LLC | 1,773,734 | – | $15.95M | New | 1.36% |
| BlackBarn Capital Partners LP | 1,684,188 | – | $15.14M | New | 1.28% |
| Viking Global Investors LP | 1,349,734 | – | $12.13M | New | 0.03% |
| MSD Partners, L.P. | 1,147,091 | – | $10.31M | New | 13.43% |
| Caspian Capital LP | 1,034,524 | – | $9.30M | New | 5.28% |
| Sagil Capital LLP | 843,494 | – | $7.58M | New | 2.71% |
| Deltroit Asset Management (UK) LLP | 825,100 | – | $7.42M | New | 1.07% |
| Redwood Capital Management, LLC | 816,991 | – | $7.34M | New | 0.79% |
| FMR LLC | 811,746 | – | $7.30M | New | 0.00% |
| Canyon Capital Advisors LLC | 721,828 | – | $6.50M | New | 0.74% |
| DG Capital Management, LLC | 616,433 | – | $5.54M | New | 1.17% |
| Css LLC/Il | 597,806 | – | $5.37M | New | 0.21% |
| Wells Fargo & Company/Mn | 594,724 | – | $5.35M | New | 0.00% |
Institutional buying and selling by quarter
Positions opened, added to, reduced and closed by 13F filers
| Quarter | Holders | Shares held | New / added | Reduced / closed | Shares bought | Shares sold |
|---|---|---|---|---|---|---|
| Q2 2026 | 43 | 61M | 43 / 0 | 0 / 0 | 61M | 0M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
| Fund | Shares | % of AZUL | Value | % of fund | As of |
|---|---|---|---|---|---|
| Fidelity New Markets Income Fund | 284,543 | – | $2.56M | 0.07% | Jun 30, 2026 |
| BlackRock Strategic Income Opportunities Portfolio | 174,971 | – | $1.57M | 0.00% | Jun 30, 2026 |
| Fidelity Emerging Markets Debt Central Fund | 150,693 | – | $1.35M | 0.05% | Jun 30, 2026 |
| Fidelity Series Emerging Markets Debt Fund | 91,468 | – | $822.30K | 0.05% | Jun 30, 2026 |
| Blackstone Alternative Multi-Strategy Fund | 70,167 | – | $630.80K | 0.02% | Jun 30, 2026 |
| Fidelity Total Bond Fund | 60,463 | – | $544.17K | 0.00% | May 31, 2026 |
| Fidelity SAI Total Bond Fund | 28,564 | – | $257.08K | 0.00% | May 31, 2026 |
| Payden Emerging Markets Corporate Bond Fund | 22,447 | – | $202.02K | 0.24% | Jul 31, 2026 |
| Fidelity Total Bond ETF | 20,301 | – | $182.71K | 0.00% | May 31, 2026 |
| VIP Strategic Income Portfolio | 15,669 | – | $140.86K | 0.01% | Jun 30, 2026 |
| Fidelity Total Bond K6 Fund | 7,454 | – | $67.09K | 0.00% | May 31, 2026 |
| BlackRock Strategic Global Bond Fund, Inc. | 5,326 | – | $47.88K | 0.01% | Jun 30, 2026 |
| JNL/Fidelity Institutional AM Total Bond Fund | 1,953 | – | $17.56K | 0.00% | Jun 30, 2026 |
Officers, directors and major owners
People who filed Forms 3, 4 or 5 in the last two years
| Name | Role | Shares owned | Latest filing |
|---|---|---|---|
| John Peter Rodgerson | CEO (see remarks), Director | 2,632,085 | Jun 17, 2026 |
| Patrick Wayne Quayle | Member of Strategy Committee, Director | – | Mar 17, 2026 |
| Antonio Carlos Garcia | Chief Financial Officer | 725,836 | Jun 17, 2026 |
| Ricardo Luiz Temer Mariano | Controller | 98,086 | Jun 17, 2026 |
| da Cruz Andre Goncalves | Technical Vice President | 255,024 | Jun 17, 2026 |
| John S. Slattery | Member of Strategic Committee | 588,516 | Jun 17, 2026 |
| Daniel Tkacz | Chief Technical Officer | 196,172 | Jun 17, 2026 |
| James Jason Grant | Member of Strategy Committee | 980,860 | Jun 17, 2026 |
| Abhi Manoj Shah | Chief Revenue Officer | 1,373,206 | Jun 17, 2026 |
| Bicudo Daniel Marino | Technical Vice President | 196,172 | Jun 17, 2026 |
| Jon Zinman | Member of Strategy Committee | 980,860 | Jun 17, 2026 |
| Alexandre Wagner Malfitani | Chief Financial Officer | – | Mar 17, 2026 |
| David Neeleman | Director | 3,764,248 | Jun 17, 2026 |
| Renata Faber Rocha Ribeiro | Director | 4,000 | Mar 17, 2026 |
| Almeida Peralta Gilberto de | Director | – | Mar 17, 2026 |
| Daniella Marques Consentino | Director | – | Mar 17, 2026 |
| Salles Pinto Sergio Eraldo de | Director | 7,514 | Mar 17, 2026 |
Insider trades
Common stock transactions reported on Form 4, newest first
| Insider | Date | Transaction | Shares | Price | Value | Shares after |
|---|---|---|---|---|---|---|
| David Neeleman Director | Jun 15, 2026 | Award | +1,294,735 | – | – | 3,764,246 |
| Ricardo Luiz Temer Mariano Controller | Jun 15, 2026 | Award | +98,086 | – | – | 98,086 |
| Daniel Tkacz Chief Technical Officer | Jun 15, 2026 | Award | +196,172 | – | – | 196,172 |
| Abhi Manoj Shah Chief Revenue Officer | Jun 15, 2026 | Award | +1,373,204 | – | – | 1,373,206 |
| da Cruz Andre Goncalves Technical Vice President | Jun 15, 2026 | Award | +255,024 | – | – | 255,024 |
| John S. Slattery Member of Strategic Committee | Jun 15, 2026 | Award | +588,516 | – | – | 588,516 |
| James Jason Grant Member of Strategy Committee | Jun 15, 2026 | Award | +980,860 | – | – | 980,860 |
| Antonio Carlos Garcia Chief Financial Officer | Jun 15, 2026 | Award | +725,836 | – | – | 725,836 |
| Jon Zinman Member of Strategy Committee | Jun 15, 2026 | Award | +980,860 | – | – | 980,860 |
| Bicudo Daniel Marino Chief Commercial Officer | Jun 15, 2026 | Award | +196,172 | – | – | 196,172 |
| John Peter Rodgerson CEO (see remarks), Director | Jun 15, 2026 | Award | +2,452,149 | – | – | 2,452,151 |
| David Neeleman Director | Jun 1, 2026 | Option exercise | +2,432,482 | – | – | 2,432,655 |
| David Neeleman Director | Jun 1, 2026 | Option exercise | +36,856 | – | – | 2,469,511 |
| David Neeleman Director | Mar 26, 2026 | Option exercise | +182,436,172,596 | – | – | 182,462,130,817 |
| David Neeleman Director | Mar 26, 2026 | Gift | −182,436,172,596 | – | – | 25,958,221 |
Awards, option exercises, tax withholding and gifts are shown alongside open-market buys and sales. Each name links to the filing on SEC EDGAR.
Planned insider sales
Notices of proposed sale filed on Form 144 before shares are sold
| Seller | Filed | Shares | Market value | Planned sale | Acquired through |
|---|---|---|---|---|---|
| Carolyn Trabuco Director | Dec 12, 2023 | 8,685 | $87.00K | Dec 8, 2023 | Purchase |