Copa Holdings
232 hedge funds and large institutions have $2.91B invested in Copa Holdings in 2015 Q2 according to their latest regulatory filings, with 23 funds opening new positions, 100 increasing their positions, 83 reducing their positions, and 44 closing their positions.
20% more repeat investments, than reductions
Existing positions increased: 100 | Existing positions reduced: 83
3.5% more ownership
Funds ownership: 102.99% → 106.48% (+3.5%)
9% less funds holding
Funds holding: 255 → 232 (-23)
15% less capital invested
Capital invested by funds: $3.44B → $2.91B (-$534M)
40% less funds holding in top 10
Funds holding in top 10: 5 → 3 (-2)
48% less first-time investments, than exits
New positions opened: 23 | Existing positions closed: 44
76% less call options, than puts
Call options by funds: $14.5M | Put options by funds: $60.1M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FC
Fairpointe Capital
Chicago,
Illinois
|
+$249M |
| 2 |
BIP
Brandes Investment Partners
La Jolla,
California
|
+$46.8M |
| 3 |
OH
Orbis Holdings
Hamilton,
Bermuda
|
+$44.6M |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
+$28.3M |
| 5 |
Brown Advisory
Baltimore,
Maryland
|
+$22.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Massachusetts Financial Services
Boston,
Massachusetts
|
-$72.2M |
| 2 |
William Blair & Company
Chicago,
Illinois
|
-$47M |
| 3 |
TIM
Thornburg Investment Management
Santa Fe,
New Mexico
|
-$40.4M |
| 4 |
Fidelity International
Hamilton,
Bermuda
|
-$40M |
| 5 |
TGA
Trilogy Global Advisors
Winter Park,
Florida
|
-$30.3M |
CPA Hedge Fund Activity: Q2 2015 in Review
232 of the 3,711 institutional investors tracked by Wall St. Rank reported a position in Copa Holdings (CPA) for Q2 2015, worth a combined $2.91B — down 15% from $3.44B a quarter earlier.
Sellers outnumbered buyers: 44 funds closed out of CPA and 23 opened new positions — a net loss of 21 holders — while 83 trimmed existing stakes and 100 added.
The largest buyer was Fairpointe Capital, opening a new position worth an estimated $249M. The largest seller was Massachusetts Financial Services, cutting an estimated $72.2M.
- 232 institutional investors held Copa Holdings (CPA) as of Q2 2015, down from 255 in Q1 2015.
- Funds reported $2.91B of Copa Holdings stock for Q2 2015, down 15% quarter-over-quarter.
- 23 funds opened new Copa Holdings positions in Q2 2015 and 44 closed out, a net change of -21 holders.
- The largest Copa Holdings buyer in Q2 2015 was Fairpointe Capital, an estimated $249M added.
- The largest Copa Holdings seller in Q2 2015 was Massachusetts Financial Services, an estimated $72.2M sold.
Based on aggregated 13F filings for Q2 2015.