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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.

New
Increased
Maintained
Reduced
Closed

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: 255232 (-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: 53 (-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

Holders
232
Holders Change
-23
Holders Change %
-9.02%
% of All Funds
6.25%
Holding in Top 10
3
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-40%
% of All Funds
0.08%
New
23
Increased
100
Reduced
83
Closed
44
Calls
$14.5M
Puts
$60.1M
Net Calls
-$45.5M
Net Calls Change
-$8.14M
Name Holding Trade Value Shares
Change
Change in
Stake
Fidelity Investments
1
Fidelity Investments
Massachusetts
$231M +$28.3M +296,431 +12%
Baillie Gifford & Co
2
Baillie Gifford & Co
United Kingdom
$220M -$12.7M -133,372 -5%
FC
3
Fairpointe Capital
Illinois
$216M +$249M +2,610,846 New
JP Morgan Chase
4
JP Morgan Chase
New York
$214M -$3.32M -34,853 -1%
OH
5
Orbis Holdings
Bermuda
$131M +$44.6M +467,570 +42%
BIP
6
Brandes Investment Partners
California
$116M +$46.8M +490,430 +58%
PCM
7
PAR Capital Management
Massachusetts
$92.1M
Brown Advisory
8
Brown Advisory
Maryland
$91.8M +$22.8M +238,620 +27%
Massachusetts Financial Services
9
Massachusetts Financial Services
Massachusetts
$82.2M -$72.2M -756,443 -43%
Morgan Stanley
10
Morgan Stanley
New York
$73M -$3.86M -40,497 -4%
Wellington Management Group
11
Wellington Management Group
Massachusetts
$66M -$28.6M -300,225 -27%
WHG
12
Westwood Holdings Group
Texas
$63.2M +$2.54M +26,630 +4%
Schroder Investment Management Group
13
Schroder Investment Management Group
United Kingdom
$60.7M -$4.04M -42,400 -5%
TSW
14
Thompson Siegel & Walmsley
Virginia
$54.4M +$14M +146,282 +29%
TIM
15
Thornburg Investment Management
New Mexico
$53.3M -$40.4M -424,086 -40%
AllianceBernstein
16
AllianceBernstein
Tennessee
$52.9M -$12.5M -131,562 -17%
NIMC
17
NWQ Investment Management Company
California
$44.9M +$16M +168,254 +43%
PPA
18
Parametric Portfolio Associates
Washington
$44M +$4.04M +42,372 +9%
Dimensional Fund Advisors
19
Dimensional Fund Advisors
Texas
$37.4M +$6.78M +71,118 +19%
DRZID
20
DePrince Race & Zollo Inc (DRZ)
Florida
$36.6M +$7.88M +82,569 +23%
HCM
21
Herndon Capital Management
Georgia
$34.6M -$3.95M -41,399 -9%
Franklin Resources
22
Franklin Resources
California
$33.7M +$14.2M +149,084 +57%
EAM
23
Edge Asset Management
Washington
$33.5M -$6.7M -70,287 -15%
II
24
INCA Investments
Florida
$32.2M +$7.69M +80,588 +26%
RFC
25
Russell Frank Company
Washington
$30.8M -$1.25M -13,081 -3%

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.