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.
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: 7 → 6 (-1)
22% less funds holding
Funds holding: 213 → 167 (-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)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIM
Sprucegrove Investment Management
Toronto,
Ontario, Canada
|
+$60.7M |
| 2 |
BlackRock
New York
|
+$43.9M |
| 3 |
BIP
Brandes Investment Partners
La Jolla,
California
|
+$40M |
| 4 |
JP Morgan Chase
New York
|
+$35M |
| 5 |
Renaissance Technologies
New York
|
+$22.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity International
Hamilton,
Bermuda
|
-$58.1M |
| 2 |
MWA
Marshall Wace Asia
Central,
Hong Kong
|
-$53.6M |
| 3 |
Citadel Advisors
Miami,
Florida
|
-$36.5M |
| 4 |
Ameriprise
Minneapolis,
Minnesota
|
-$31.9M |
| 5 |
AI
Axiom Investors
Greenwich,
Connecticut
|
-$31.7M |
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.