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Copa Holdings
CPA

239 hedge funds and large institutions have $3.44B invested in Copa Holdings in 2017 Q3 according to their latest regulatory filings, with 36 funds opening new positions, 74 increasing their positions, 94 reducing their positions, and 30 closing their positions.

New
Increased
Maintained
Reduced
Closed

20% more first-time investments, than exits

New positions opened: 36 | Existing positions closed: 30

1% more funds holding

Funds holding: 236 → 239 (+3)

3% more capital invested

Capital invested by funds: $3.32B → $3.44B (+$114M)

2.6% less ownership

Funds ownership: 91.34% → 88.74% (-2.6%)

20% less funds holding in top 10

Funds holding in top 10: 5 → 4 (-1)

21% less repeat investments, than reductions

Existing positions increased: 74 | Existing positions reduced: 94

53% less call options, than puts

Call options by funds: $28.3M | Put options by funds: $60M

Holders
239
Holders Change
+3
Holders Change %
+1.27%
% of All Funds
5.96%
Holding in Top 10
4
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-20%
% of All Funds
0.1%
New
36
Increased
74
Reduced
94
Closed
30
Calls
$28.3M
Puts
$60M
Net Calls
-$31.7M
Net Calls Change
-$13M

Top Buyers

1
Renaissance Technologies
Renaissance Technologies
New York
+$38.3M
2
MCM
McKinley Capital Management
Alaska
+$34M
3
Wellington Management Group
Wellington Management Group
Massachusetts
+$31.2M
4
First Trust Advisors
First Trust Advisors
Illinois
+$27.9M
5
JP Morgan Chase
JP Morgan Chase
New York
+$19.1M

Top Sellers

1
CGM
Capital Growth Management
Massachusetts
-$72.4M
2
Brown Advisory
Brown Advisory
Maryland
-$28.8M
3
SC
Shellback Capital
Massachusetts
-$27.8M
4
Fidelity Investments
Fidelity Investments
Massachusetts
-$22.1M
5
Massachusetts Financial Services
Massachusetts Financial Services
Massachusetts
-$20.1M
Name Holding Trade Value Shares
Change 		Change in
Stake
JP Morgan Chase
1
JP Morgan Chase
New York
$382M +$19.1M +150,735 +5%
Baillie Gifford & Co
2
Baillie Gifford & Co
United Kingdom
$287M -$9.74M -77,012 -3%
Fidelity Investments
3
Fidelity Investments
Massachusetts
$236M -$22.1M -174,640 -8%
Morgan Stanley
4
Morgan Stanley
New York
$149M -$6.98M -55,219 -4%
FC
5
Fairpointe Capital
Illinois
$125M -$9.21M -72,815 -7%
TSAM
6
Trinity Street Asset Management
United Kingdom
$118M -$1.87M -14,781 -2%
Dimensional Fund Advisors
7
Dimensional Fund Advisors
Texas
$114M -$2M -15,837 -2%
OAG
8
Orbis Allan Gray
Bermuda
$100M – – –
BlackRock
9
BlackRock
New York
$98.3M +$870K +6,878 +0.9%
Vanguard Group
10
Vanguard Group
Pennsylvania
$88.5M +$4.18M +33,036 +5%
State Street
11
State Street
Massachusetts
$82.5M -$18.9M -149,823 -18%
SIM
12
Sprucegrove Investment Management
Ontario, Canada
$80.9M -$10.9M -85,800 -12%
BAMCO Inc
13
BAMCO Inc
New York
$70.9M +$7.19M +56,862 +11%
AQR Capital Management
14
AQR Capital Management
Connecticut
$64.8M +$7.89M +62,412 +14%
Bank of America
15
Bank of America
North Carolina
$56.8M -$120K -947 -0.2%
Renaissance Technologies
16
Renaissance Technologies
New York
$50.6M +$38.3M +303,200 +293%
Massachusetts Financial Services
17
Massachusetts Financial Services
Massachusetts
$49.3M -$20.1M -158,839 -29%
II
18
INCA Investments
Florida
$43.4M -$7.6M -60,077 -15%
Allianz Asset Management
19
Allianz Asset Management
Germany
$43.2M -$6.81M -53,874 -13%
Acadian Asset Management
20
Acadian Asset Management
Massachusetts
$43.1M -$2.72M -21,470 -6%
Northern Trust
21
Northern Trust
Illinois
$41.5M +$1.17M +9,247 +3%
Aberdeen Group
22
Aberdeen Group
United Kingdom
$41M +$41.6M +329,003 New
Two Sigma Advisers
23
Two Sigma Advisers
New York
$37.1M +$4.78M +37,800 +15%
William Blair Investment Management
24
William Blair Investment Management
Illinois
$36.3M -$3.28M -25,929 -8%
Wellington Management Group
25
Wellington Management Group
Massachusetts
$36.2M +$31.2M +246,576 +561%
1
2 3 4 5

CPA Hedge Fund Activity: Q3 2017 in Review

239 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Copa Holdings (CPA) for Q3 2017, worth a combined $3.44B — up 3.4% from $3.32B a quarter earlier.

Buyers outnumbered sellers: 36 funds opened new CPA positions and 30 closed out — a net gain of 6 holders — while 74 added to existing stakes and 94 trimmed.

The largest buyer was Renaissance Technologies, adding an estimated $38.3M. The largest seller was Capital Growth Management, exiting entirely with an estimated $72.4M sold.

  • 239 institutional investors held Copa Holdings (CPA) as of Q3 2017, up from 236 in Q2 2017.
  • Funds reported $3.44B of Copa Holdings stock for Q3 2017, up 3.4% quarter-over-quarter.
  • 36 funds opened new Copa Holdings positions in Q3 2017 and 30 closed out, a net change of +6 holders.
  • The largest Copa Holdings buyer in Q3 2017 was Renaissance Technologies, an estimated $38.3M added.
  • The largest Copa Holdings seller in Q3 2017 was Capital Growth Management, an estimated $72.4M sold.

Based on aggregated 13F filings for Q3 2017.