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Copa Holdings
CPA

187 hedge funds and large institutions have $2.46B invested in Copa Holdings in 2025 Q1 according to their latest regulatory filings, with 26 funds opening new positions, 77 increasing their positions, 48 reducing their positions, and 33 closing their positions.

New
Increased
Maintained
Reduced
Closed

60% more repeat investments, than reductions

Existing positions increased: 77 | Existing positions reduced: 48

33% more funds holding in top 10

Funds holding in top 10: 6 → 8 (+2)

1% more capital invested

Capital invested by funds: $2.44B → $2.46B (+$27.2M)

1.09% less ownership

Funds ownership: 90.4% → 89.31% (-1.1%)

5% less funds holding

Funds holding: 196 → 187 (-9)

21% less first-time investments, than exits

New positions opened: 26 | Existing positions closed: 33

43% less call options, than puts

Call options by funds: $20.5M | Put options by funds: $35.9M

Holders
187
Holders Change
-9
Holders Change %
-4.59%
% of All Funds
2.51%
Holding in Top 10
8
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+33.33%
% of All Funds
0.11%
New
26
Increased
77
Reduced
48
Closed
33
Calls
$20.5M
Puts
$35.9M
Net Calls
-$15.4M
Net Calls Change
+$5.5M

Top Buyers

Rank Fund Capital Flow
1
WA
Wasatch Advisors
Utah
+$46.6M
2
Citadel Advisors
Citadel Advisors
Florida
+$22.3M
3
Balyasny Asset Management
Balyasny Asset Management
Illinois
+$19.9M
4
Bank of America
Bank of America
North Carolina
+$18M
5
Millennium Management
Millennium Management
New York
+$17M

Top Sellers

Rank Fund Capital Flow
1
Canada Pension Plan Investment Board
Canada Pension Plan Investment Board
Ontario, Canada
-$40.3M
2
Capital World Investors
Capital World Investors
California
-$24.4M
3
SIM
Sprucegrove Investment Management
Ontario, Canada
-$24.1M
4
JP Morgan Chase
JP Morgan Chase
New York
-$17.4M
5
SC
Shellback Capital
Massachusetts
-$14.8M
Name Holding Trade Value Shares
Change 		Change in
Stake
USGIU
51
U.S. Global Investors (USGI)
Texas
$3.7M -$1.94M -20,879 -34%
BA
52
Bridgewater Associates
Connecticut
$3.57M +$2.57M +27,723 +253%
Ameriprise
53
Ameriprise
Minnesota
$3.41M +$311K +3,352 +10%
VIM
54
VELA Investment Management
Ohio
$3.24M – – –
Two Sigma Investments
55
Two Sigma Investments
New York
$3.16M -$12.5M -134,750 -80%
MCM
56
Moerus Capital Management
New York
$2.9M +$1.36M +14,621 +88%
Pathstone Holdings
57
Pathstone Holdings
New Jersey
$2.45M +$425K +4,581 +21%
Macquarie Group
58
Macquarie Group
Australia
$2.41M -$119K -1,280 -5%
Fidelity International
59
Fidelity International
Bermuda
$2.35M -$317K -3,413 -12%
SOADOR
60
State of Alaska Department of Revenue
Alaska
$2.27M – – –
KIM
61
Kestra Investment Management
Texas
$2.18M +$461K +4,972 +27%
KAS
62
Kestra Advisory Services
Texas
$1.99M +$65.3K +704 +3%
PP
63
PDT Partners
New York
$1.96M – – –
Northern Trust
64
Northern Trust
Illinois
$1.9M -$31.1K -335 -2%
Massachusetts Financial Services
65
Massachusetts Financial Services
Massachusetts
$1.82M +$442K +4,767 +32%
Walleye Trading
66
Walleye Trading
New York
$1.79M +$1.71M +18,451 +1,928%
Connor, Clark & Lunn Investment Management (CC&L)
67
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$1.71M -$239K -2,580 -12%
Royal Bank of Canada
68
Royal Bank of Canada
Ontario, Canada
$1.62M -$1.22M -13,172 -43%
Russell Investments Group
69
Russell Investments Group
United Kingdom
$1.62M +$459K +4,951 +39%
RFG
70
Range Financial Group
Oregon
$1.54M +$399K +4,297 +35%
Citigroup
71
Citigroup
New York
$1.53M -$217K -2,340 -12%
SAM
72
Silvercrest Asset Management
New York
$1.51M +$26.1K +281 +2%
FRM
73
Fox Run Management
Connecticut
$1.48M +$1.48M +15,959 New
OP
74
Oldfield Partners
United Kingdom
$1.44M – – –
FG
75
Formula Growth
Quebec, Canada
$1.43M – – –
1 2
3
4 5

CPA Hedge Fund Activity: Q1 2025 in Review

187 of the 7,459 institutional investors tracked by Wall St. Rank reported a position in Copa Holdings (CPA) for Q1 2025, worth a combined $2.46B — up 1.1% from $2.44B a quarter earlier.

Sellers outnumbered buyers: 33 funds closed out of CPA and 26 opened new positions — a net loss of 7 holders — while 48 trimmed existing stakes and 77 added.

The largest buyer was Wasatch Advisors, adding an estimated $46.6M. The largest seller was Canada Pension Plan Investment Board, exiting entirely with an estimated $40.3M sold.

  • 187 institutional investors held Copa Holdings (CPA) as of Q1 2025, down from 196 in Q4 2024.
  • Funds reported $2.46B of Copa Holdings stock for Q1 2025, up 1.1% quarter-over-quarter.
  • 26 funds opened new Copa Holdings positions in Q1 2025 and 33 closed out, a net change of -7 holders.
  • The largest Copa Holdings buyer in Q1 2025 was Wasatch Advisors, an estimated $46.6M added.
  • The largest Copa Holdings seller in Q1 2025 was Canada Pension Plan Investment Board, an estimated $40.3M sold.

Based on aggregated 13F filings for Q1 2025.