Copa Holdings
255 hedge funds and large institutions have $3.44B invested in Copa Holdings in 2015 Q1 according to their latest regulatory filings, with 33 funds opening new positions, 88 increasing their positions, 97 reducing their positions, and 27 closing their positions.
22% more first-time investments, than exits
New positions opened: 33 | Existing positions closed: 27
2% more funds holding
Funds holding: 250 → 255 (+5)
1.1% more ownership
Funds ownership: 101.89% → 102.99% (+1.1%)
0% more funds holding in top 10
Funds holding in top 10: 5 → 5 (0)
2% less capital invested
Capital invested by funds: $3.53B → $3.44B (-$87.2M)
9% less repeat investments, than reductions
Existing positions increased: 88 | Existing positions reduced: 97
69% less call options, than puts
Call options by funds: $17M | Put options by funds: $54.4M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCM
PAR Capital Management
Boston,
Massachusetts
|
+$107M |
| 2 |
WHG
Westwood Holdings Group
Dallas,
Texas
|
+$42M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
+$26.8M |
| 4 |
EAM
Edge Asset Management
Seattle,
Washington
|
+$24.8M |
| 5 |
BIP
Brandes Investment Partners
La Jolla,
California
|
+$23.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IC
Institutional Capital
Chicago,
Illinois
|
-$46.8M |
| 2 |
Massachusetts Financial Services
Boston,
Massachusetts
|
-$39.4M |
| 3 |
TGA
Trilogy Global Advisors
Winter Park,
Florida
|
-$37.5M |
| 4 |
TIM
Thornburg Investment Management
Santa Fe,
New Mexico
|
-$36.7M |
| 5 |
TI
Tyrian Investments
New York
|
-$24.6M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
276
Lazard Asset Management
New York
| – | -$4K | -45 | Closed |
|
|
SSB
277
Sandy Spring Bank
Olney,
Maryland
| – | -$4K | -35 | Closed |
|
|
EWM
278
Evercore Wealth Management
New York
| – | -$2K | -20 | Closed |
|
|
ECM
279
Exchange Capital Management
Ann Arbor,
Michigan
| – | -$2K | -16 | Closed |
|
|
TDC
280
Thompson Davis & Co
Richmond,
Virginia
| – | -$2K | -16 | Closed |
|
|
CGT
281
Capital Guardian Trust
Los Angeles,
California
| – | -$1K | -13 | Closed |
|
|
IWMPD
282
Integrated Wealth Management (Palm Desert)
Palm Desert,
California
| – | +$868 | +8 | New |
|
CPA Hedge Fund Activity: Q1 2015 in Review
255 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Copa Holdings (CPA) for Q1 2015, worth a combined $3.44B — down 2.5% from $3.53B a quarter earlier.
Buyers outnumbered sellers: 33 funds opened new CPA positions and 27 closed out — a net gain of 6 holders — while 88 added to existing stakes and 97 trimmed.
The largest buyer was PAR Capital Management, adding an estimated $107M. The largest seller was Institutional Capital, exiting entirely with an estimated $46.8M sold.
- 255 institutional investors held Copa Holdings (CPA) as of Q1 2015, up from 250 in Q4 2014.
- Funds reported $3.44B of Copa Holdings stock for Q1 2015, down 2.5% quarter-over-quarter.
- 33 funds opened new Copa Holdings positions in Q1 2015 and 27 closed out, a net change of +6 holders.
- The largest Copa Holdings buyer in Q1 2015 was PAR Capital Management, an estimated $107M added.
- The largest Copa Holdings seller in Q1 2015 was Institutional Capital, an estimated $46.8M sold.
Based on aggregated 13F filings for Q1 2015.