SPRUCEGROVE INVESTMENT MANAGEMENT LTD CPA — COPA HOLDINGS

Ownership history in SPRUCEGROVE INVESTMENT MANAGEMENT LTD  ·  41 quarters on record

AI Ownership Summary

SPRUCEGROVE INVESTMENT MANAGEMENT LTD reported COPA HOLDINGS (CPA) in 41 quarterly 13F filings from 2024 Q1 through 2026 Q2. Peak portfolio weight reached 35.33% in 2026 Q2. The latest visible filing shows CPA at 35.33% of the fund.

This page tracks quarterly shares, estimated market value, portfolio weight, filing dates, and disclosure-aligned stock prices directly from SEC EDGAR 13F filings. Older history is available after unlock; the visible window still shows the most recent pattern.

What this CPA ownership page tells you

This page is designed to answer the real investor question behind a 13F filing: how meaningful was SPRUCEGROVE INVESTMENT MANAGEMENT LTD's position in COPA HOLDINGS, and how did that conviction change over time? You can read the holding window, peak weight, latest reported size, disclosure timing, and quarter-by-quarter changes without piecing the story together from raw SEC rows.

Freshest filing
Latest Reported Filing
2026 Q2

CPA was reported at 35.33% of portfolio in the most recent visible filing.

High-water mark
Peak Conviction
35.33% in 2026 Q2

Peak weight helps separate a token disclosure from a real conviction holding the fund genuinely cared about.

Time in book
Holding Window
2024 Q1 to 2026 Q2

Longer holding windows often tell a very different story from short-lived tactical trades or one-quarter experiments.

Decision context
Why It Matters
Position size beats headlines

Knowing that a fund owned a stock is useful. Knowing whether it was a 0.20% placeholder or a true high-conviction position is where the signal actually starts.

CPA stock page SPRUCEGROVE INVESTMENT MANAGEMENT LTD fund profile SPRUCEGROVE INVESTMENT MANAGEMENT LTD full holdings
How SPRUCEGROVE INVESTMENT MANAGEMENT LTD held CPA — position size vs. price
% of Fund (quarterly)    CPA price (quarter-end, indexed to 100)    SPY (indexed to 100)    QQQ (indexed to 100)
📋 Quarterly Holdings History 10 quarters  ▾
Quarter Action Sold % After 3M Timing Shares Change Chg % % of Fund Mkt Value Filed Price (Filed)
2026 Q2 REDUCED — — — 1,451,592 -247,418 -14.6% 35.33% $225.8M 2026-08-07 $142.13
2026 Q1 REDUCED 11.1% +38.6% ❌ 1,699,010 -212,085 -11.1% 30.88% $193.0M 2026-05-13 $113.54
2025 Q4 REDUCED 17.0% -4.7% ✅ 1,911,095 -390,789 -17.0% 27.78% $230.5M 2026-02-03 $142.26
2025 Q3 REDUCED 9.2% +2.9% ❌ 2,301,884 -231,852 -9.2% 21.95% $273.5M 2025-11-14 $120.40
2025 Q2 REDUCED 17.7% +9.9% ❌ 2,533,736 -545,796 -17.7% 22.51% $278.6M 2025-08-06 $106.59
2025 Q1 REDUCED 7.8% +20.7% ❌ 3,079,532 -260,055 -7.8% 20.79% $193.3M 2025-05-13 $95.46
2024 Q4 ADDED — — — 3,339,587 +150,013 +4.7% 21.02% $293.5M 2025-02-10 $83.21
2024 Q3 ADDED — — — 3,189,574 +103,385 +3.3% 16.73% $299.3M 2024-10-24 $91.22
2024 Q2 ADDED — — — 3,086,189 +236,850 +8.3% 15.22% $293.7M 2024-08-12 $77.45
2024 Q1 ADDED — — — 2,849,339 +187,800 +7.1% 11.99% $296.8M 2024-05-13 $92.67
31 older quarters hidden  —  Sign in free or upgrade to Premium to see full history

🏢 Other funds also holding CPA

As of 2026 Q2 — sorted by position size

Wishbone Management, LP 3Y 31.72% Truxt Investmentos Ltda. 3Y 12.82% INCA Investments LLC 3Y 7Y 10.44% Virtus Family Office LLC 3Y 5.69% Cape Ann Asset Management Ltd 3Y 5.13% LAKEWOOD CAPITAL MANAGEMENT, LP 3Y 7Y 3.97% Turas Capital Management LP 3.2% 1492 Capital Management LLC 3Y 7Y 2.64% Marathon Asset Management Ltd 3Y 2.62% Lifetime Wealth Management P.C. 2.48%

FAQ About SPRUCEGROVE INVESTMENT MANAGEMENT LTD and CPA

These are the practical questions this page is built to answer before you even open the full history table.

How long has SPRUCEGROVE INVESTMENT MANAGEMENT LTD reported owning CPA?

SPRUCEGROVE INVESTMENT MANAGEMENT LTD reported CPA across 10 quarterly 13F filings, from 2024 Q1 through 2026 Q2.

What was the largest reported CPA position in SPRUCEGROVE INVESTMENT MANAGEMENT LTD's portfolio?

The largest reported portfolio weight for CPA was 35.33% in 2026 Q2.

What is the latest reported CPA position on this page?

The most recent filing on this page is 2026 Q2, when SPRUCEGROVE INVESTMENT MANAGEMENT LTD reported 1,451,592 shares, equal to 35.33% of portfolio, with an estimated market value of $225.8M.

What does the chart on this CPA ownership page compare?

The chart compares SPRUCEGROVE INVESTMENT MANAGEMENT LTD's quarterly CPA portfolio weight with the stock's indexed share price, so you can see whether the fund was building, trimming, or holding the position as price moved.

How well did SPRUCEGROVE INVESTMENT MANAGEMENT LTD time their CPA position?

Based on 13F filing dates vs. subsequent CPA price moves, SPRUCEGROVE INVESTMENT MANAGEMENT LTD correctly timed 18 out of 40 reported position changes (45%). The annualised alpha on CPA relative to SPY over the holding period was +6.7%.

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