Copa Holdings
270 hedge funds and large institutions have $3.48B invested in Copa Holdings in 2014 Q3 according to their latest regulatory filings, with 53 funds opening new positions, 102 increasing their positions, 100 reducing their positions, and 39 closing their positions.
159% more call options, than puts
Call options by funds: $76M | Put options by funds: $29.3M
36% more first-time investments, than exits
New positions opened: 53 | Existing positions closed: 39
5.39% more ownership
Funds ownership: 91.6% → 96.99% (+5.4%)
4% more funds holding
Funds holding: 260 → 270 (+10)
2% more repeat investments, than reductions
Existing positions increased: 102 | Existing positions reduced: 100
0% more funds holding in top 10
Funds holding in top 10: 6 → 6 (0)
20% less capital invested
Capital invested by funds: $4.37B → $3.48B (-$882M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
+$201M |
| 2 |
BIP
Brandes Investment Partners
La Jolla,
California
|
+$53.7M |
| 3 |
DCM
Dupont Capital Management
Wilmington,
Delaware
|
+$50.7M |
| 4 |
DRZID
DePrince Race & Zollo Inc (DRZ)
Winter Park,
Florida
|
+$48.7M |
| 5 |
TIM
Thornburg Investment Management
Santa Fe,
New Mexico
|
+$48.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BIT
BlackRock Institutional Trust
San Francisco,
California
|
-$81M |
| 2 |
FCM
Farallon Capital Management
San Francisco,
California
|
-$67.7M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$55.5M |
| 4 |
RFS
Rockefeller Financial Services
New York
|
-$38.5M |
| 5 |
Morgan Stanley
New York
|
-$34.6M |
CPA Hedge Fund Activity: Q3 2014 in Review
270 of the 3,447 institutional investors tracked by Wall St. Rank reported a position in Copa Holdings (CPA) for Q3 2014, worth a combined $3.48B — down 20% from $4.37B a quarter earlier.
Buyers outnumbered sellers: 53 funds opened new CPA positions and 39 closed out — a net gain of 14 holders — while 102 added to existing stakes and 100 trimmed.
The largest buyer was JP Morgan Chase, adding an estimated $201M. The largest seller was BlackRock Institutional Trust, cutting an estimated $81M.
- 270 institutional investors held Copa Holdings (CPA) as of Q3 2014, up from 260 in Q2 2014.
- Funds reported $3.48B of Copa Holdings stock for Q3 2014, down 20% quarter-over-quarter.
- 53 funds opened new Copa Holdings positions in Q3 2014 and 39 closed out, a net change of +14 holders.
- The largest Copa Holdings buyer in Q3 2014 was JP Morgan Chase, an estimated $201M added.
- The largest Copa Holdings seller in Q3 2014 was BlackRock Institutional Trust, an estimated $81M sold.
Based on aggregated 13F filings for Q3 2014.