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Copa Holdings
CPA

197 hedge funds and large institutions have $1.37B invested in Copa Holdings in 2015 Q3 according to their latest regulatory filings, with 30 funds opening new positions, 76 increasing their positions, 70 reducing their positions, and 62 closing their positions.

New
Increased
Maintained
Reduced
Closed

9% more repeat investments, than reductions

Existing positions increased: 76 | Existing positions reduced: 70

0% more funds holding in top 10

Funds holding in top 10: 3 → 3 (0)

7.54% less ownership

Funds ownership: 106.48% → 98.94% (-7.5%)

15% less funds holding

Funds holding: 232 → 197 (-35)

42% less call options, than puts

Call options by funds: $7.87M | Put options by funds: $13.5M

52% less first-time investments, than exits

New positions opened: 30 | Existing positions closed: 62

53% less capital invested

Capital invested by funds: $2.91B → $1.37B (-$1.54B)

Holders
197
Holders Change
-35
Holders Change %
-15.09%
% of All Funds
5.5%
Holding in Top 10
3
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.08%
New
30
Increased
76
Reduced
70
Closed
62
Calls
$7.87M
Puts
$13.5M
Net Calls
-$5.66M
Net Calls Change
+$39.9M

Top Buyers

Rank Fund Capital Flow
1
FC
Fairpointe Capital
Illinois
+$60.3M
2
Fidelity Investments
Fidelity Investments
Massachusetts
+$34.4M
3
PCM
PAR Capital Management
Massachusetts
+$22.8M
4
TSW
Thompson Siegel & Walmsley
Virginia
+$21.5M
5
NIMC
NWQ Investment Management Company
California
+$20.8M

Top Sellers

Rank Fund Capital Flow
1
Brown Advisory
Brown Advisory
Maryland
-$68.9M
2
TIM
Thornburg Investment Management
New Mexico
-$53.3M
3
AllianceBernstein
AllianceBernstein
Tennessee
-$38M
4
Massachusetts Financial Services
Massachusetts Financial Services
Massachusetts
-$36.3M
5
JP Morgan Chase
JP Morgan Chase
New York
-$35.5M
Name Holding Trade Value Shares
Change 		Change in
Stake
Two Sigma Investments
51
Two Sigma Investments
New York
$3.74M +$5.62M +89,134 New
RG
52
Renaissance Group
Kentucky
$3.73M -$2.25M -35,740 -29%
Artisan Partners
53
Artisan Partners
Wisconsin
$3.6M +$1.57M +24,935 +41%
New York State Common Retirement Fund
54
New York State Common Retirement Fund
New York
$3.56M +$2.62M +41,574 +96%
RJA
55
Raymond James & Associates
Florida
$3.42M +$919K +14,580 +22%
Bank of New York Mellon
56
Bank of New York Mellon
New York
$3.25M +$350K +5,555 +8%
California Public Employees Retirement System
57
California Public Employees Retirement System
California
$2.98M -$252K -4,000 -5%
HL
58
Harding Loevner
New Jersey
$2.93M -$232K -3,675 -5%
Stifel Financial
59
Stifel Financial
Missouri
$2.87M -$635K -10,066 -13%
COPPSERS
60
Commonwealth of Pennsylvania Public School Employees Retirement System
Pennsylvania
$2.78M – – –
Mackenzie Financial
61
Mackenzie Financial
Ontario, Canada
$2.78M – – –
First Trust Advisors
62
First Trust Advisors
Illinois
$2.74M -$431K -6,838 -9%
California State Teachers Retirement System (CalSTRS)
63
California State Teachers Retirement System (CalSTRS)
California
$2.6M +$115K +1,818 +3%
CA
64
Commerzbank Aktiengesellschaft
Germany
$2.56M -$47.5K -753 -1%
USAA
65
United Services Automobile Association
Texas
$2.42M +$605K +9,590 +20%
HP
66
Hosking Partners
United Kingdom
$2.23M +$3.35M +53,193 New
HCM
67
Herndon Capital Management
Georgia
$2.21M -$23.1M -365,791 -87%
CBOA
68
Commonwealth Bank of Australia
Australia
$2.04M +$1.7M +27,018 +125%
TJHA
69
Thomas J. Herzfeld Advisors
Florida
$2.04M +$255K +4,050 +9%
BNP Paribas Asset Management
70
BNP Paribas Asset Management
France
$2.02M +$366K +5,800 +14%
Royal Bank of Canada
71
Royal Bank of Canada
Ontario, Canada
$1.86M -$1.31M -20,848 -32%
QIM
72
Quantitative Investment Management
Virginia
$1.81M +$2.5M +39,600 +1,131%
TI
73
Tyrian Investments
New York
$1.8M +$2.71M +43,019 New
JAM
74
Jupiter Asset Management
United Kingdom
$1.8M +$1.28M +20,309 +90%
AAM
75
Aston Asset Management
Illinois
$1.79M +$621K +9,853 +30%
1 2
3
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CPA Hedge Fund Activity: Q3 2015 in Review

197 of the 3,582 institutional investors tracked by Wall St. Rank reported a position in Copa Holdings (CPA) for Q3 2015, worth a combined $1.37B — down 53% from $2.91B a quarter earlier.

Sellers outnumbered buyers: 62 funds closed out of CPA and 30 opened new positions — a net loss of 32 holders — while 70 trimmed existing stakes and 76 added.

The largest buyer was Fairpointe Capital, adding an estimated $60.3M. The largest seller was Brown Advisory, cutting an estimated $68.9M.

  • 197 institutional investors held Copa Holdings (CPA) as of Q3 2015, down from 232 in Q2 2015.
  • Funds reported $1.37B of Copa Holdings stock for Q3 2015, down 53% quarter-over-quarter.
  • 30 funds opened new Copa Holdings positions in Q3 2015 and 62 closed out, a net change of -32 holders.
  • The largest Copa Holdings buyer in Q3 2015 was Fairpointe Capital, an estimated $60.3M added.
  • The largest Copa Holdings seller in Q3 2015 was Brown Advisory, an estimated $68.9M sold.

Based on aggregated 13F filings for Q3 2015.