Carrhae Capital’s Copa Holdings CPA Stock Holding History

Carrhae Capital’s Portfolio CPA Stock Details CPA Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2026 Q3	$29.9M	Sell	226,475 -173,787	-43%	-$23.8M	0.96%	20
2026 Q2	$62.3M	Sell	400,262 -117,852	-23%	-$15.3M	1.72%	17
2026 Q1	$58.9M	Buy	518,114 +393,397	+315%	+$51.6M	1.76%	11
2025 Q4	$15M	Buy	+124,717	New	+$15.3M	0.57%	31
2025 Q3	–	Sell	-512,143	Closed	-$56.3M	–	30
2025 Q2	$56.3M	Sell	512,143 -265,786	-34%	-$26.2M	4.12%	11
2025 Q1	$71.9M	Buy	777,929 +76,062	+11%	+$7.06M	5.26%	7
2024 Q4	$61.7M	Buy	701,867 +145,967	+26%	+$13.8M	5.16%	8
2024 Q3	$52.2M	Buy	+555,900	New	+$50.3M	5.96%	6
2024 Q1	–	Sell	-126,622	Closed	-$13.5M	–	24
2023 Q4	$13.5M	Buy	+126,622	New	+$11.6M	2.66%	15
2022 Q3	–	Sell	-92,905	Closed	-$5.89M	–	16
2022 Q2	$5.89M	Buy	+92,905	New	+$6.55M	4.97%	9
2020 Q2	–	Sell	-36,472	Closed	-$1.65M	–	11
2020 Q1	$1.65M	Sell	36,472 -121,370	-77%	-$10.4M	1.34%	8
2019 Q4	$17.1M	Buy	157,842 +80,399	+104%	+$8.39M	5.56%	5
2019 Q3	$7.65M	Sell	77,443 -41,746	-35%	-$4.21M	2.63%	8
2019 Q2	$11.6M	Buy	+119,189	New	+$10.6M	3.64%	10
2019 Q1	–	Sell	-299,527	Closed	-$23.6M	–	14
2018 Q4	$23.6M	Buy	+299,527	New	+$23.4M	7.5%	6

Other funds holding CPA

Vontobel Holding Zurich, Switzerland $27.7B AUM 21.75% 1-Year Est. Return

Artemis Investment Management Edinburgh, United Kingdom $11.5B AUM 61.77% 1-Year Est. Return

Burney Company Reston, Virginia $3.66B AUM 27.59% 1-Year Est. Return

Concurrent Investment Advisors Tampa, Florida $14.5B AUM 24.52% 1-Year Est. Return

DePrince Race & Zollo Inc (DRZ) Winter Park, Florida $5.66B AUM 23.19% 1-Year Est. Return

Y-Intercept (HK) Hong Kong $4.52B AUM 6.6% 1-Year Est. Return

Wealth Enhancement Advisory Services Plymouth, Minnesota $67.3B AUM 21.9% 1-Year Est. Return

QCIG

Quad-Cities Investment Group Davenport, Iowa $280M AUM 15.19% 1-Year Est. Return

KPPF

Klein Pavlis & Peasley Financial Irvine, California $198M AUM 23.77% 1-Year Est. Return

Counterpoint Mutual Funds San Diego, California $1.16B AUM 33.78% 1-Year Est. Return

Carrhae Capital's CPA Position: Q3 2026 in Review

Carrhae Capital reduced its Copa Holdings (CPA) stake by 43% in Q3 2026, selling an estimated $23.8M and leaving 226,475 shares worth $29.9M. The position accounts for 0.96% of the portfolio, ranked #20.

Carrhae Capital first reported a position in CPA in Q4 2018 and has held it in 15 quarters since. The position peaked at $71.9M in Q1 2025. 36 funds tracked by Wall St. Rank hold CPA as of Q3 2026.

Carrhae Capital held 226,475 shares of Copa Holdings worth $29.9M as of Q3 2026.
Carrhae Capital sold 173,787 Copa Holdings shares in Q3 2026, an estimated $23.8M.
Copa Holdings made up 0.96% of Carrhae Capital's portfolio in Q3 2026, its #20 holding.
Carrhae Capital first reported a position in Copa Holdings in Q4 2018 and has held it in 15 quarters since.
Carrhae Capital's Copa Holdings position peaked at $71.9M in Q1 2025.
36 funds tracked by Wall St. Rank held Copa Holdings as of Q3 2026.

Based on Carrhae Capital's 13F filing for Q3 2026, filed 20 Oct 2026.