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Copa Holdings

167 hedge funds and large institutions have $1.23B invested in Copa Holdings in 2020 Q1 according to their latest regulatory filings, with 31 funds opening new positions, 66 increasing their positions, 50 reducing their positions, and 75 closing their positions.

New
Increased
Maintained
Reduced
Closed

32% more repeat investments, than reductions

Existing positions increased: 66 | Existing positions reduced: 50

4% less call options, than puts

Call options by funds: $12.3M | Put options by funds: $12.8M

4.73% less ownership

Funds ownership: 91.63%86.9% (-4.7%)

14% less funds holding in top 10

Funds holding in top 10: 76 (-1)

22% less funds holding

Funds holding: 213167 (-46)

59% less first-time investments, than exits

New positions opened: 31 | Existing positions closed: 75

60% less capital invested

Capital invested by funds: $3.1B → $1.23B (-$1.87B)

Holders
167
Holders Change
-46
Holders Change %
-21.6%
% of All Funds
3.68%
Holding in Top 10
6
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-14.29%
% of All Funds
0.13%
New
31
Increased
66
Reduced
50
Closed
75
Calls
$12.3M
Puts
$12.8M
Net Calls
-$465K
Net Calls Change
-$3.88M
Name Holding Trade Value Shares
Change
Change in
Stake
LBA
26
Letko, Brosseau & Associates
Quebec, Canada
$6.57M +$855K +10,000 +7%
Morgan Stanley
27
Morgan Stanley
New York
$6.48M -$153K -1,787 -1%
Two Sigma Advisers
28
Two Sigma Advisers
New York
$6.46M +$950K +11,100 +8%
CCMG
29
Clark Capital Management Group
Pennsylvania
$6.36M -$12.5M -145,573 -51%
T. Rowe Price Associates
30
T. Rowe Price Associates
Maryland
$6.27M +$1.6M +18,677 +16%
Vanguard Group
31
Vanguard Group
Pennsylvania
$6.19M +$4.31M +50,378 +58%
AC
32
Albar Capital
United Kingdom
$5.99M +$2.52M +29,441 +30%
Prudential Financial
33
Prudential Financial
New Jersey
$5.63M +$10.6M +124,312 New
Ameriprise
34
Ameriprise
Minnesota
$5.61M -$31.9M -373,389 -75%
Northern Trust
35
Northern Trust
Illinois
$5.54M +$450K +5,263 +5%
N
36
Nuveen
North Carolina
$5.26M -$2.22M -25,911 -18%
Citadel Advisors
37
Citadel Advisors
Florida
$5.11M -$36.5M -427,160 -79%
COPPSERS
38
Commonwealth of Pennsylvania Public School Employees Retirement System
Pennsylvania
$4.74M
Royal Bank of Canada
39
Royal Bank of Canada
Ontario, Canada
$4.69M -$3.3M -38,527 -27%
Geode Capital Management
40
Geode Capital Management
Massachusetts
$4.64M +$321K +3,752 +4%
Victory Capital Management
41
Victory Capital Management
Texas
$4.57M -$3.79M -44,341 -31%
GKIM
42
GW&K Investment Management
Massachusetts
$4.27M +$56K +655 +0.7%
Canada Pension Plan Investment Board
43
Canada Pension Plan Investment Board
Ontario, Canada
$4.14M +$7.83M +91,500 New
New York State Common Retirement Fund
44
New York State Common Retirement Fund
New York
$4.05M +$106K +1,242 +1%
PIM
45
Paradice Investment Management
Colorado
$3.82M +$3.14M +36,702 +77%
Fiera Capital (Canada)
46
Fiera Capital (Canada)
Quebec, Canada
$3.67M +$3.96M +46,280 +133%
Diamond Hill Capital Management
47
Diamond Hill Capital Management
Ohio
$3.66M -$7.75M -90,562 -53%
Invesco
48
Invesco
Georgia
$3.4M -$5.06M -59,203 -44%
Bank of New York Mellon
49
Bank of New York Mellon
New York
$3.32M -$1.21M -14,120 -16%
California Public Employees Retirement System
50
California Public Employees Retirement System
California
$3.22M -$299K -3,500 -5%

CPA Hedge Fund Activity: Q1 2020 in Review

167 of the 4,539 institutional investors tracked by Wall St. Rank reported a position in Copa Holdings (CPA) for Q1 2020, worth a combined $1.23B — down 60% from $3.1B a quarter earlier.

Sellers outnumbered buyers: 75 funds closed out of CPA and 31 opened new positions — a net loss of 44 holders — while 50 trimmed existing stakes and 66 added.

The largest buyer was Sprucegrove Investment Management, adding an estimated $60.7M. The largest seller was Fidelity International, cutting an estimated $58.1M.

  • 167 institutional investors held Copa Holdings (CPA) as of Q1 2020, down from 213 in Q4 2019.
  • Funds reported $1.23B of Copa Holdings stock for Q1 2020, down 60% quarter-over-quarter.
  • 31 funds opened new Copa Holdings positions in Q1 2020 and 75 closed out, a net change of -44 holders.
  • The largest Copa Holdings buyer in Q1 2020 was Sprucegrove Investment Management, an estimated $60.7M added.
  • The largest Copa Holdings seller in Q1 2020 was Fidelity International, an estimated $58.1M sold.

Based on aggregated 13F filings for Q1 2020.