Copa Holdings SA (CPA) Hedge Fund Ownership (Q2 2026)

Copa Holdings SA (CPA)

322 + Investors. Track Smart Money conviction in CPA. See who's accumulating, reducing, or initiating positions.

Smart Money Signals — CPA

Based on 326 hedge funds · latest filing: 2026 Q2 · updated quarterly

📈

Buying streak — 5 quarters in a row

last 6Q

For 5 consecutive quarters, more hedge funds added CPA than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

🏔️

At the ownership peak (100% of max)

100% of all-time peak

326 hedge funds hold CPA right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.

🚀

Fast accumulation — +38% more funds vs a year ago

fund count last 6Q

+90 new funds entered over the past year (+38% YoY). That's a rapid rush of institutional money. Fast accumulation often signals a major thesis — but it also means the stock could fall quickly if that thesis breaks.

🟡

Slight buying edge — 55% buying

191 buying154 selling

Last quarter: 191 funds bought or added vs 154 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

📈

More new buyers each quarter (+18 vs last Q)

new funds entering per quarter

Funds opening a new CPA position: 48 → 55 → 52 → 70. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.

🔒

52% of holders stayed for 2+ years

■ 52% conviction (2yr+) ■ 22% medium ■ 26% new

169 out of 326 hedge funds have held CPA for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

💰

Value +40% but shares only +2% — price-driven

Value

+39%

+1%

Last quarter: the total dollar value of institutional holdings rose +40%, but actual share count only changed +2%. The gap is explained by the stock's price rising — not new buying. Strong value growth with weak share growth means the rally is price momentum, not fresh institutional demand.

📈

Growing discovery — still being found

75 → 48 → 55 → 52 → 70 new funds/Q

New funds entering each quarter: 48 → 55 → 52 → 70. A growing number of institutions are discovering CPA each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.

🏛️

Veteran-anchored — 59% veterans vs 31% newcomers

■ 59% veterans ■ 10% 1-2yr ■ 31% new

Entry-cohort mix of 345 holders: 205 (59%) are 2+ year veterans, 34 entered 1–2 years ago, and 106 (31%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.

🏆

Elite ownership — 44% AUM from top-100 funds

44% from top-100 AUM funds

44 of 324 holders are among the 100 largest funds by AUM, controlling 44% of total institutional value in CPA. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

4.1

out of 10

Moderate Exit Risk

Exit risk score 4.1/10 — some crowding factors present, but no critical concentration. Watch ownership trend over the next 1–2 quarters for direction.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Metric	All 13F Filers (2026 Q2)	Prior (2026 Q1)	Change
Funds Holding	322	303	6.27%
13F Shares	26M	26M	1.54%
Total Value	$4.10B	$2.94B	39.52%
New Positions	70	52	+18
Increased Positions	118	117	+1
Closed Positions	49	31	+18
Reduced Positions	100	97	+3
Total Calls	11	11	-
Total Puts	10	9	11.11%
PUT/CALL Ratio	0.91	0.82	Neutral

Metric

All 13F Filers (2026 Q2)

Prior (2026 Q1)

Change

Funds Holding

322

303

6.27%

13F Shares

26M

1.54%

Total Value

$4.10B

$2.94B

39.52%

New Positions

+18

Increased Positions

118

117

Closed Positions

+18

Reduced Positions

100

Total Calls

Total Puts

11.11%

PUT/CALL Ratio

0.91

0.82

Neutral

Institutional Holders (2026 Q2)

322 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in CPA. Verified SEC 13F-HR filings.

QUARTER:

FILTER:All New Added To Reduced No Change | Overweight >5%

Top 25 CPA holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
#	Investor	% of Portfolio	Shares	Mkt Value
1	Sprucegrove Investment Management Ltd	35.33%	1,451,592	$225.8M
2	Wishbone Management, LP	31.72%	472,500	$73.5M
3	Truxt Investmentos Ltda.	12.82%	71,416	$11.1M
4	INCA Investments LLC	10.44%	237,214	$36.9M
5	Virtus Family Office LLC	5.69%	46,286	$7.2M
6	Cape Ann Asset Management Ltd	5.13%	143,256	$22.3M
7	Lakewood Capital Management, LP	3.97%	494,900	$77.0M
8	Turas Capital Management LP	3.20%	44,800	$7.0M
9	1492 Capital Management LLC	2.64%	57,508	$8.9M
10	Marathon Asset Management Ltd	2.62%	414,473	$64.5M
11	Lifetime Wealth Management P.C.	2.48%	27,320	$4.3M
12	CM Management, LLC	2.37%	24,000	$3.7M
13	Globeflex Capital L P	1.74%	87,283	$13.6M
14	Carrhae Capital LLP	1.72%	400,262	$62.3M
15	SMA Capital LLC	1.44%	22,000	$3.4M
16	VELA Investment Management, LLC	1.33%	39,972	$6.2M
17	Shellback Capital, LP	1.21%	88,900	$13.8M
18	Banco BTG Pactual S.A.	1.12%	85,000	$13.2M
19	Cullen Capital Management, LLC	0.87%	571,263	$88.9M
20	Formula Growth Ltd	0.85%	15,500	$2.4M
21	Brandes Investment Partners, LP	0.84%	769,630	$119.7M
22	Point Nemo Capital, LLC	0.82%	10,415	$1.6M
23	Marathon Capital Management	0.74%	23,483	$3.7M
24	Trek Financial, LLC	0.71%	92,191	$14.3M
25	Legend Financial Advisors, Inc.	0.71%	8,011	$1.2M

Investor	Ownership History	% of Portfolio	Prev %	Rank	Conviction	Avg Buy Price	13F Score™ 3Y / 7Y	Sell Timing	Shares	Mkt Value	Change	Change %	Source	Quarter	Filed

Frequently Asked Questions — Copa Holdings SA (CPA)

What does the Smart Money Trend signal show for CPA?

Buying streak — 5 quarters in a row: For 5 consecutive quarters, more hedge funds added CPA than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for CPA?

Slight buying edge — 55% buying: Last quarter: 191 funds bought or added vs 154 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for CPA holders?

Elite ownership — 44% AUM from top-100 funds: 44 of 324 holders are among the 100 largest funds by AUM, controlling 44% of total institutional value in CPA. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held CPA?

52% of holders stayed for 2+ years: 169 out of 326 hedge funds have held CPA for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

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Copa Holdings SA (CPA)

Smart Money Signals — CPA

Buying streak — 5 quarters in a row

At the ownership peak (100% of max)

Fast accumulation — +38% more funds vs a year ago

Slight buying edge — 55% buying

More new buyers each quarter (+18 vs last Q)

52% of holders stayed for 2+ years

Value +40% but shares only +2% — price-driven

Growing discovery — still being found

Veteran-anchored — 59% veterans vs 31% newcomers

Elite ownership — 44% AUM from top-100 funds

Institutional Sentiment Summary — CPA

Hedge Fund Ownership: CPA

Market Analysis: CPA

Analyst Price Targets

Analyst Recommendations

Stock Performance

Company Profile: CPA

Hedge Fund Positioning: CPA

Statistics: CPA

Valuation Measures Data as of: --

Financial Highlights

Institutional Holders (2026 Q2)

Frequently Asked Questions — Copa Holdings SA (CPA)

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