Copa Holdings
183 hedge funds and large institutions have $1.47B invested in Copa Holdings in 2015 Q4 according to their latest regulatory filings, with 31 funds opening new positions, 56 increasing their positions, 75 reducing their positions, and 44 closing their positions.
33% more funds holding in top 10
Funds holding in top 10: 3 → 4 (+1)
7% more capital invested
Capital invested by funds: $1.37B → $1.47B (+$98.1M)
5.44% less ownership
Funds ownership: 98.94% → 93.5% (-5.4%)
7% less funds holding
Funds holding: 197 → 183 (-14)
25% less repeat investments, than reductions
Existing positions increased: 56 | Existing positions reduced: 75
30% less first-time investments, than exits
New positions opened: 31 | Existing positions closed: 44
49% less call options, than puts
Call options by funds: $18.5M | Put options by funds: $36.1M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
State Street
Boston,
Massachusetts
|
+$37.8M |
| 2 |
OH
Orbis Holdings
Hamilton,
Bermuda
|
+$26.8M |
| 3 |
II
INCA Investments
Miami,
Florida
|
+$16M |
| 4 |
ABC
Anchor Bolt Capital
Chicago,
Illinois
|
+$12.3M |
| 5 |
Morgan Stanley
New York
|
+$7.25M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCM
PAR Capital Management
Boston,
Massachusetts
|
-$61.9M |
| 2 |
WHG
Westwood Holdings Group
Dallas,
Texas
|
-$25.3M |
| 3 |
CCMH
Cornerstone Capital Management Holdings
New York
|
-$15.2M |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
-$10.7M |
| 5 |
DRZID
DePrince Race & Zollo Inc (DRZ)
Winter Park,
Florida
|
-$9.3M |
CPA Hedge Fund Activity: Q4 2015 in Review
183 of the 3,812 institutional investors tracked by Wall St. Rank reported a position in Copa Holdings (CPA) for Q4 2015, worth a combined $1.47B — up 7.1% from $1.37B a quarter earlier.
Sellers outnumbered buyers: 44 funds closed out of CPA and 31 opened new positions — a net loss of 13 holders — while 75 trimmed existing stakes and 56 added.
The largest buyer was State Street, adding an estimated $37.8M. The largest seller was PAR Capital Management, exiting entirely with an estimated $61.9M sold.
- 183 institutional investors held Copa Holdings (CPA) as of Q4 2015, down from 197 in Q3 2015.
- Funds reported $1.47B of Copa Holdings stock for Q4 2015, up 7.1% quarter-over-quarter.
- 31 funds opened new Copa Holdings positions in Q4 2015 and 44 closed out, a net change of -13 holders.
- The largest Copa Holdings buyer in Q4 2015 was State Street, an estimated $37.8M added.
- The largest Copa Holdings seller in Q4 2015 was PAR Capital Management, an estimated $61.9M sold.
Based on aggregated 13F filings for Q4 2015.