Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Copa Holdings SA (CPA)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +21
Streak
4Q ▲
Buyers last Q
56%

Smart Money Signals — CPA

Based on 302 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 4 quarters in a row

last 6Q
For 4 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
302 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 — +62% more funds vs a year ago

fund count last 6Q
+116 new funds entered over the past year (+62% 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. The peak was reached in just 4 quarters from the low — a sharp move.
🟡

Slight buying edge — 56% buying

169 buying134 selling
Last quarter: 169 funds bought or added vs 134 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.
➡️

Steady new buyers — ~51 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 74 → 48 → 55 → 51. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

54% of holders stayed for 2+ years

■ 54% conviction (2yr+) ■ 22% medium ■ 24% new
163 out of 302 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.
➡️

Steady discovery — ~51 new funds/quarter

26 → 74 → 48 → 55 → 51 new funds/Q
New funds entering each quarter: 74 → 48 → 55 → 51. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Deep conviction — 62% of holders stayed 2+ years

■ 62% veterans ■ 11% 1-2yr ■ 27% new
Of 319 current holders: 199 (62%) have held for over 2 years without selling. These are not momentum buyers — they have lived through drawdowns and stayed. A large veteran base acts as a stabilizing force during selloffs.
🏆

Elite ownership — 49% AUM from top-100 funds

49% from top-100 AUM funds
39 of 302 holders are among the 100 largest funds by AUM, controlling 49% 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.
4.2
out of 10
Moderate Exit Risk
Exit risk score 4.2/10 — 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.

Institutional Sentiment Summary — CPA

In 2026 Q1, 169 hedge funds were net buyers of CPA (51 opened a new position, 118 added to an existing one), while 134 reduced or exited (104 trimmed, 30 sold completely) — a 56% buyer ratio, indicating a slight buying edge. This marks 4 consecutive quarters of net institutional buying — a persistent conviction signal. 49% of total institutional value in CPA is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: +21 funds (more new holders than closures). Total institutional holders: 302.

Hedge Fund Ownership: CPA

How many hedge funds hold CPA — quarterly history vs. share price
Quarterly hedge fund ownership of CPA vs. share price

Market Analysis: CPA

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: CPA

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Is It Too Late to Buy Copa Holdings SA (CPA) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much CPA has moved relative to its sector benchmark (XLI) since the 2026 Q1 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End March 31, 2026 · 78d ago
CPA
+26.9%
XLI
+10.5%

CPA outperformed XLI by +16.4% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 33d ago
CPA
+10.7%
XLI
+4.2%

Since the filing became public, CPA outperformed XLI by +6.5% .

Interpretation: The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference. Learn more →

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

14 top-rated funds 5 high-conviction
Consensus
5.1
/ 10
breadth
×
Elite
4.0
/ 10
conviction
Hedge Fund Positioning: CPA
301 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 301 281 7.12%
13F Shares 26M 28M -6.5%
Total Value $2.94B $3.46B -15.07%
New Positions 50 55 -5
Increased Positions 117 112 +5
Closed Positions 30 29 +1
Reduced Positions 97 72 +25
Total Calls 11 6 83.33%
Total Puts 9 7 28.57%
PUT/CALL Ratio 0.82 1.17 Neutral

Statistics: CPA

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Valuation Measures Data as of: --

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PEG Ratio (5yr expected) --
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Price/Book (mrq) --
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Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

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Total Cash (mrq) --
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Institutional Holders (2026 Q1)

301 + 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:
Top 25 CPA holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Wishbone Management, LP 39.59% 472,500 $53.7M
2 Sprucegrove Investment Management Ltd 30.88% 1,699,010 $193.0M
3 INCA Investments LLC 9.56% 237,214 $26.9M
4 Virtus Family Office LLC 4.42% 45,556 $5.2M
5 Cape Ann Asset Management Ltd 3.95% 153,248 $17.4M
6 Fourth Sail Capital LP 2.55% 136,784 $15.5M
7 1492 Capital Management LLC 2.32% 53,743 $6.1M
8 Lifetime Wealth Management P.C. 2.26% 35,000 $4.0M
9 SPX Gestao de Recursos Ltda 2.12% 224,792 $25.5M
10 Shellback Capital, LP 1.94% 120,000 $13.6M
11 Marathon Asset Management Ltd 1.85% 424,158 $48.2M
12 Carrhae Capital LLP 1.76% 518,114 $58.9M
13 Globeflex Capital L P 1.50% 87,283 $9.9M
14 CM Management, LLC 1.42% 15,000 $1.7M
15 VELA Investment Management, LLC 1.04% 39,802 $4.5M
16 Banco BTG Pactual S.A. 0.84% 85,000 $9.7M
17 Formula Growth Ltd 0.79% 15,500 $1.8M
18 Artemis Investment Management LLP 0.75% 620,198 $70.5M
19 Point Nemo Capital, LLC 0.72% 9,597 $1.1M
20 Marathon Capital Management 0.71% 27,788 $3.2M
21 Range Financial Group LLC 0.69% 18,029 $2.0M
22 Carrera Capital Advisors 0.66% 37,977 $4.3M
23 Trek Financial, LLC 0.62% 102,969 $11.7M
24 Brandes Investment Partners, LP 0.59% 736,228 $83.6M
25 Legend Financial Advisors, Inc. 0.59% 7,997 $909K
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 — 4 quarters in a row: For 4 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 — 56% buying: Last quarter: 169 funds bought or added vs 134 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 — 49% AUM from top-100 funds: 39 of 302 holders are among the 100 largest funds by AUM, controlling 49% 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?

54% of holders stayed for 2+ years: 163 out of 302 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.

Is it too late to buy Copa Holdings SA (CPA) following the 2026 Q1 hedge fund 13F filings?

As of today, CPA has moved +10.7% since the 2026 Q1 13F filing date (May 15, 2026), compared to +4.2% for the XLI sector ETF — an outperformance of +6.5%. Since the quarter end (March 31, 2026), CPA has gained +26.9% vs +10.5% for XLI. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

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.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

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