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Copa Holdings
CPA

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.

New
Increased
Maintained
Reduced
Closed

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)

Holders
167
Holders Change
-46
Holders Change %
-21.6%
% of All Funds
3.68%
Holding in Top 10
6
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-14.29%
% of All Funds
0.13%
New
31
Increased
66
Reduced
50
Closed
75
Calls
$12.3M
Puts
$12.8M
Net Calls
-$465K
Net Calls Change
-$3.88M

Top Buyers

Rank Fund Capital Flow
1
SIM
Sprucegrove Investment Management
Ontario, Canada
+$60.7M
2
BlackRock
BlackRock
New York
+$43.9M
3
BIP
Brandes Investment Partners
California
+$40M
4
JP Morgan Chase
JP Morgan Chase
New York
+$35M
5
Renaissance Technologies
Renaissance Technologies
New York
+$22.8M

Top Sellers

Rank Fund Capital Flow
1
Fidelity International
Fidelity International
Bermuda
-$58.1M
2
MWA
Marshall Wace Asia
Hong Kong
-$53.6M
3
Citadel Advisors
Citadel Advisors
Florida
-$36.5M
4
Ameriprise
Ameriprise
Minnesota
-$31.9M
5
AI
Axiom Investors
Connecticut
-$31.7M
Name Holding Trade Value Shares
Change 		Change in
Stake
QCG
151
Quadrant Capital Group
Ohio
$4K -$1.88K -22 -23%
Carson Wealth (CWM LLC)
152
Carson Wealth (CWM LLC)
Nebraska
$3K – – –
QI
153
QS Investors
New York
$3K – – –
TWA
154
TCI Wealth Advisors
Arizona
$3K – – –
TPWA
155
TRUE Private Wealth Advisors
Oregon
$3K – – –
AIM
156
Artemis Investment Management
United Kingdom
$2.29K -$2.4M -28,000 -36%
ASN
157
Advisory Services Network
Georgia
$2K -$2.05K -24 -28%
BGIM
158
Brandywine Global Investment Management
Pennsylvania
$2K +$2.91K +34 New
CFG
159
Citizens Financial Group
Rhode Island
$2K +$4.71K +55 New
GT
160
Glenmede Trust
Pennsylvania
$1K – – –
S
161
SignatureFD
Georgia
$1K – – –
WAP
162
Wealthcare Advisory Partners
Pennsylvania
$1K – – –
MWA
163
Marshall Wace Asia
Hong Kong
– -$53.6M -496,190 Closed
AI
164
Axiom Investors
Connecticut
– -$31.7M -293,397 Closed
DCM
165
Driehaus Capital Management
Illinois
– -$26.8M -247,848 Closed
TIM
166
Thornburg Investment Management
New Mexico
– -$15.5M -143,706 Closed
SSA
167
Schonfeld Strategic Advisors
New York
– -$13M -120,594 Closed
ACM
168
Advisors Capital Management
New Jersey
– -$12.8M -118,076 Closed
Man Group
169
Man Group
United Kingdom
– -$10.5M -97,187 Closed
IUHSA
170
Itau Unibanco Holding S.A.
Brazil
– -$10.4M -96,690 Closed
PSCM
171
Prince Street Capital Management
New York
– -$8.86M -82,000 Closed
SCCM
172
Schafer Cullen Capital Management
New York
– -$8.78M -81,219 Closed
CCM
173
Cullen Capital Management
New York
– -$7.22M -66,835 Closed
Allianz Asset Management
174
Allianz Asset Management
Germany
– -$6.47M -59,833 Closed
SGDR
175
SPX Gestao de Recursos
Brazil
– -$4.86M -45,000 Closed
5 6
7
8 9

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.