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Copa Holdings

250 hedge funds and large institutions have $3.53B invested in Copa Holdings in 2014 Q4 according to their latest regulatory filings, with 45 funds opening new positions, 93 increasing their positions, 93 reducing their positions, and 59 closing their positions.

New
Increased
Maintained
Reduced
Closed

4.9% more ownership

Funds ownership: 96.99%101.89% (+4.9%)

1% more capital invested

Capital invested by funds: $3.48B → $3.53B (+$47.3M)

0% more repeat investments, than reductions

Existing positions increased: 93 | Existing positions reduced: 93

7% less funds holding

Funds holding: 270250 (-20)

17% less funds holding in top 10

Funds holding in top 10: 65 (-1)

24% less first-time investments, than exits

New positions opened: 45 | Existing positions closed: 59

46% less call options, than puts

Call options by funds: $75.1M | Put options by funds: $140M

Holders
250
Holders Change
-20
Holders Change %
-7.41%
% of All Funds
6.67%
Holding in Top 10
5
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-16.67%
% of All Funds
0.13%
New
45
Increased
93
Reduced
93
Closed
59
Calls
$75.1M
Puts
$140M
Net Calls
-$64.6M
Net Calls Change
-$111M
Name Holding Trade Value Shares
Change
Change in
Stake
Baillie Gifford & Co
1
Baillie Gifford & Co
United Kingdom
$283M +$252M +2,368,184 +647%
JP Morgan Chase
2
JP Morgan Chase
New York
$254M +$31.2M +293,650 +14%
Fidelity Investments
3
Fidelity Investments
Massachusetts
$233M +$84.4M +793,070 +54%
Massachusetts Financial Services
4
Massachusetts Financial Services
Massachusetts
$219M -$1.04M -9,755 -0.5%
TIM
5
Thornburg Investment Management
New Mexico
$146M +$64.2M +603,438 +75%
Wellington Management Group
6
Wellington Management Group
Massachusetts
$118M +$15.7M +147,252 +15%
OH
7
Orbis Holdings
Bermuda
$112M +$88.4M +831,026 +328%
TGA
8
Trilogy Global Advisors
Florida
$98.3M -$212K -1,992 -0.2%
Morgan Stanley
9
Morgan Stanley
New York
$88.5M -$5.53M -51,960 -6%
AllianceBernstein
10
AllianceBernstein
Tennessee
$85.9M -$130M -1,224,334 -60%
Schroder Investment Management Group
11
Schroder Investment Management Group
United Kingdom
$81M +$19.2M +180,437 +30%
Brown Advisory
12
Brown Advisory
Maryland
$77.6M +$8.55M +80,415 +12%
BIP
13
Brandes Investment Partners
California
$69.9M +$23.5M +220,642 +55%
HCM
14
Herndon Capital Management
Georgia
$56.7M -$436K -4,094 -0.7%
TSW
15
Thompson Siegel & Walmsley
Virginia
$54.2M -$2.73M -25,693 -5%
PPA
16
Parametric Portfolio Associates
Washington
$51.3M -$77.7K -730 -0.1%
William Blair & Company
17
William Blair & Company
Illinois
$51.2M +$14.7M +138,454 +39%
DCM
18
Dupont Capital Management
Delaware
$48.2M +$8.99M +84,484 +22%
IC
19
Institutional Capital
Illinois
$46.8M +$48M +451,400 New
NIMC
20
NWQ Investment Management Company
California
$41.9M +$43M +404,020 New
Deutsche Bank
21
Deutsche Bank
Germany
$41.8M +$23.2M +218,113 +118%
DRZID
22
DePrince Race & Zollo Inc (DRZ)
Florida
$40.2M +$2.36M +22,190 +6%
RFC
23
Russell Frank Company
Washington
$36.9M -$10M -94,319 -21%
WHG
24
Westwood Holdings Group
Texas
$36.5M +$842K +7,919 +2%
FCM
25
Farallon Capital Management
California
$34.5M +$35.4M +332,594 New

CPA Hedge Fund Activity: Q4 2014 in Review

250 of the 3,749 institutional investors tracked by Wall St. Rank reported a position in Copa Holdings (CPA) for Q4 2014, worth a combined $3.53B — up 1.4% from $3.48B a quarter earlier.

Sellers outnumbered buyers: 59 funds closed out of CPA and 45 opened new positions — a net loss of 14 holders — while 93 trimmed existing stakes and 93 added.

The largest buyer was Baillie Gifford & Co, adding an estimated $252M. The largest seller was AllianceBernstein, cutting an estimated $130M.

  • 250 institutional investors held Copa Holdings (CPA) as of Q4 2014, down from 270 in Q3 2014.
  • Funds reported $3.53B of Copa Holdings stock for Q4 2014, up 1.4% quarter-over-quarter.
  • 45 funds opened new Copa Holdings positions in Q4 2014 and 59 closed out, a net change of -14 holders.
  • The largest Copa Holdings buyer in Q4 2014 was Baillie Gifford & Co, an estimated $252M added.
  • The largest Copa Holdings seller in Q4 2014 was AllianceBernstein, an estimated $130M sold.

Based on aggregated 13F filings for Q4 2014.