CPA · Copa Holdings, S.A.

$125.45 -4.05 (-3.13%)

Market Cap

$5.29B

40.82M

Institutional ownership from SEC Form 13F filings. Investment managers with more than $100 million in U.S. equities must disclose their positions every quarter, within 45 days of quarter-end, so the holdings shown can lag the market by up to a quarter.

Quarter:

Holders: 324

Total Value: $4,112,025,689

Total Shares: 26,447,471

Showing 1–100 of 343 holdings by value · page 1 of 4

Institutional Ownership Trend

26 quarters

Superinvestors Holding CPA

All superinvestors →

Ray Dalio $16,255,042 Ruane Cunniff $397,481

Holder Concentration

Across 324 13F filers · Δ vs Mar 31, 2026

Top Holder

10.8%

−2.7 pts

Top 5

36.9%

−3.1 pts

Top 10

53.5%

−2.3 pts

HHI

402

Broadly held−60

Quarterly Activity

vs Mar 31, 2026

New

Increased

118

Decreased

Sold Out

Unchanged

Holder count: +21

Institutional value: +32.0%

Shares held: -3.6%

Top Buyers

vs Mar 31, 2026

Institution	Added	Now Holds
Mega FIL Ltd	+433,742	579,229
Mega JANE STREET GROUP, LLC	+339,775	525,849
Mega UBS Group AG	+167,005	290,156
Large Cullen Capital Management, LLC	+157,991	571,263
Large Quantinno Capital Management LP	+143,001	286,619

Top Sellers

vs Mar 31, 2026

Institution	Sold	Now Holds
Mega Capital World Investors	−856,792	2,856,717
Large Artemis Investment Management LLP	−523,428	96,770
Small SPRUCEGROVE INVESTMENT MANAGEMENT LTD	−247,418	1,451,592
Large PEAK6 LLC	−148,329	25,105
Mega AMERIPRISE FINANCIAL INC	−140,817	37,210

Top New Positions

vs Mar 31, 2026

Institution	Acquired	Value (USD)
Mid LAKEWOOD CAPITAL MANAGEMENT, LP	494,900	$76,991,593
Micro Truxt Investmentos Ltda.	71,416	$11,110,187
Small Turas Capital Management LP	44,800	$6,969,536
Large Balyasny Asset Management L.P.	30,755	$4,784,555
Small SMA Capital LLC	22,000	$3,422,540

Top Sold-Out Positions

vs Mar 31, 2026

Institution	Previously Held	Last Value (USD)
Small SPX Gestao de Recursos Ltda	224,792	$25,538,619
Large WASATCH ADVISORS LP	217,648	$24,726,989
Large Public Sector Pension Investment Board	94,425	$10,727,624
Large VOLORIDGE INVESTMENT MANAGEMENT, LLC	46,336	$5,264,232
Mid Y-Intercept (Hong Kong) Ltd	37,147	$4,220,270

Filter: New 71 Increased 118 Reduced 99 Sold out 50 Unchanged 36

Showing 100 of 343

All Common Calls Puts

Compact Export CSV

Holder

Value (USD)

% of 13F

Capital World Investors

$444,419,463

10.81%

2,856,717

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
CAPITAL GROUP COMPANIES INC joint	2,856,717	$444,419,463	100.0%	Defined

BAILLIE GIFFORD & CO

$382,050,360

9.29%

2,455,810

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
BAILLIE GIFFORD & CO LTD	154,704	$24,067,301	6.3%	Defined
BAILLIE GIFFORD OVERSEAS LTD	2,096,509	$326,153,905	85.4%	Defined
Baillie Gifford Investment Management (Europe) Ltd	183,065	$28,479,422	7.5%	Defined
Baillie Gifford International LLC	84	$13,067	0.0%	Defined
Held directly	21,448	$3,336,665	0.9%	Sole

JPMORGAN CHASE & CO

$239,815,196

5.83%

1,541,526

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
JPMorgan Chase Bank, N.A.	54,992	$8,555,105	3.6%	Defined
J.P. Morgan Investment Management Inc.	944,006	$146,859,013	61.2%	Defined
J.P. Morgan Securities LLC	5,000	$777,850	0.3%	Defined
JPMorgan Asset Management (UK) Ltd	445,301	$69,275,476	28.9%	Defined
JPMorgan Asset Management (Canada) Inc.	88,549	$13,775,567	5.7%	Defined
JPMorgan Asset Management (Japan) Ltd	2,324	$361,544	0.2%	Defined
JPMorgan Asset Management (Taiwan) Ltd	1,283	$199,596	0.1%	Defined
55I, LLC	71	$11,045	0.0%	Other

DIMENSIONAL FUND ADVISORS LP

$226,097,814

5.50%

1,453,351

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Dimensional Fund Advisors Ltd.	4,150	$645,615	0.3%	Defined
DFA Australia Ltd.	9,737	$1,514,785	0.7%	Defined
Dimensional Ireland Ltd	61,574	$9,579,067	4.2%	Defined
Held directly	1,377,890	$214,358,347	94.8%	Sole

SPRUCEGROVE INVESTMENT MANAGEMENT LTD

$225,824,167

5.49%

1,451,592

FMR LLC

$190,392,476

4.63%

1,223,838

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Fidelity Management & Research Co LLC	907,390	$141,162,662	74.1%	Defined
STRATEGIC ADVISERS LLC	67,727	$10,536,289	5.5%	Defined
Fidelity Institutional Asset Management Trust Co	212,355	$33,036,067	17.4%	Defined
FIAM LLC	36,366	$5,657,458	3.0%	Defined

Capital Research Global Investors

$162,233,218

3.95%

1,042,831

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
CAPITAL GROUP COMPANIES INC joint	1,042,831	$162,233,218	100.0%	Defined

RENAISSANCE TECHNOLOGIES LLC

$120,244,408

2.92%

772,928

BRANDES INVESTMENT PARTNERS, LP

$119,731,338

2.91%

769,630

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Brandes Investment Partners (Asia) Pte. Ltd.	4,469	$695,242	0.6%	Defined
Brandes Investment Partners & Co.	32,595	$5,070,804	4.2%	Defined
Brandes Investment Partners (Europe) Ltd.	186,683	$29,042,274	24.3%	Defined
Held directly	545,883	$84,923,018	70.9%	Sole

FIL Ltd

$90,110,653

2.19%

579,229

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
FIL Investment Advisors (UK) Ltd	165,971	$25,820,108	28.7%	Defined
FIL Investment Management (Hong Kong) Ltd	221,178	$34,408,661	38.2%	Defined
FIL Investment Management (Singapore) Ltd	160,647	$24,991,853	27.7%	Defined
FIL Investments International	28,737	$4,470,615	5.0%	Defined
Held directly	2,696	$419,416	0.5%	Defined

Cullen Capital Management, LLC

$88,871,384

2.16%

571,263

Vontobel Holding Ltd.

$78,480,241

1.91%

504,469

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
BANK VONTOBEL AG	871	$135,501	0.2%	Defined
Vontobel Asset Management Ltd	418,404	$65,091,110	82.9%	Defined
VONTOBEL ASSET MANAGEMENT INC	85,194	$13,253,630	16.9%	Defined

LAKEWOOD CAPITAL MANAGEMENT, LP

$76,991,593

1.87%

494,900

Wishbone Management, LP

$73,506,825

1.79%

472,500

Marathon Asset Management Ltd

$64,479,564

1.57%

414,473

TWO SIGMA INVESTMENTS, LP

$64,427,137

1.57%

414,136

Carrhae Capital LLP

$62,268,759

1.51%

400,262

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Carrhae Capital (DIFC) Ltd	400,262	$62,268,759	100.0%	Sole

RAYMOND JAMES FINANCIAL INC

$61,019,376

1.48%

392,231

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
RAYMOND JAMES & ASSOCIATES	197,780	$30,768,634	50.4%	Defined
Raymond James Financial Services Advisors, Inc.	194,451	$30,250,742	49.6%	Defined

JANE STREET GROUP, LLC

$59,933,186

1.46%

385,249

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Jane Street Capital, LLC	148,086	$23,037,739	38.4%	Defined
Jane Street Global Trading, LLC	237,163	$36,895,447	61.6%	Defined

MORGAN STANLEY

$56,550,470

1.38%

363,505

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
MORGAN STANLEY & CO INTERNATIONAL PLC	195	$30,336	0.1%	Defined
MORGAN STANLEY & CO. LLC	63,037	$9,806,666	17.3%	Defined
MORGAN STANLEY CAPITAL SERVICES, LLC	56,669	$8,815,996	15.6%	Defined
MORGAN STANLEY AIP GP LP	3,605	$560,829	1.0%	Defined
MORGAN STANLEY SMITH BARNEY LLC	214,224	$33,326,827	58.9%	Defined
PARAMETRIC PORTFOLIO ASSOCIATES LLC	25,775	$4,009,816	7.1%	Defined

Artisan Partners Limited Partnership

$51,452,910

1.25%

330,738

Clark Capital Management Group, Inc.

$49,452,747

1.20%

317,881

Quantinno Capital Management LP

$44,589,317

1.08%

286,619

SEI INVESTMENTS CO

$44,002,663

1.07%

282,848

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
SEI INVESTMENTS MANAGEMENT CORP	1,058	$164,593	0.4%	Sole
SEI TRUST CO	281,790	$43,838,070	99.6%	Sole

GOLDMAN SACHS GROUP INC

$43,852,693

1.07%

281,884

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
GOLDMAN SACHS & CO. LLC	266,238	$41,418,645	94.4%	Defined
GOLDMAN SACHS ASSET MANAGEMENT, L.P.	15,646	$2,434,048	5.6%	Defined

UBS Group AG

$40,659,152

0.99%

261,356

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
UBS Financial Services Inc	7,436	$1,156,818	2.8%	Defined
UBS AG	61,802	$9,614,537	23.6%	Defined
UBS Switzerland AG	4,618	$718,422	1.8%	Defined
UBS Securities LLC	187,500	$29,169,375	71.7%	Defined

INCA Investments LLC

$36,903,381

0.90%

237,214

LETKO, BROSSEAU & ASSOCIATES INC

$32,355,137

0.79%

207,978

MARSHALL WACE, LLP

$27,104,960

0.66%

174,230

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Marshall Wace North America L.P. joint	174,230	$27,104,960	100.0%	Other

BANK OF AMERICA CORP /DE/

$25,331,305

0.62%

162,829

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
BANK OF AMERICA NA	12,392	$1,927,823	7.6%	Defined
MERRILL LYNCH, PIERCE, FENNER & SMITH INC.	133,635	$20,789,596	82.1%	Defined
BOFA SECURITIES, INC.	7,891	$1,227,602	4.8%	Defined
MANAGED ACCOUNT ADVISORS LLC	8,911	$1,386,284	5.5%	Defined

HRT FINANCIAL LP

$24,725,829

0.60%

158,937

Cape Ann Asset Management Ltd

$22,286,335

0.54%

143,256

MILLENNIUM MANAGEMENT LLC

$18,795,656

0.46%

120,818

D. E. Shaw & Co., Inc.

$18,390,240

0.45%

118,212

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
D. E. SHAW & CO, L.P.	118,212	$18,390,240	100.0%	Defined

SUSQUEHANNA INTERNATIONAL GROUP, LLP

$17,672,752

0.43%

113,600

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
SUSQUEHANNA SECURITIES, LLC	113,600	$17,672,752	100.0%	Other

HSBC HOLDINGS PLC

$17,178,971

0.42%

110,426

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
HSBC Global Asset Management (Hong Kong) Ltd	82	$12,756	0.1%	Defined
HSBC Global Asset Management (UK) Ltd	76,820	$11,950,887	69.6%	Defined
HSBC BANK PLC	33,524	$5,215,328	30.4%	Defined

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

$16,604,297

0.40%

106,732

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Global X Management CO LLC joint	106,732	$16,604,297	100.0%	Defined

CITADEL ADVISORS LLC

$16,469,262

0.40%

105,864

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Citadel Securities GP LLC	105,864	$16,469,262	100.0%	Defined

Bridgewater Associates, LP

$16,255,042

0.40%

104,487

Artemis Investment Management LLP

$15,054,508

0.37%

96,770

Trexquant Investment LP

$14,702,453

0.36%

94,507

TUDOR INVESTMENT CORP ET AL

$14,564,930

0.35%

93,623

Bank of New York Mellon Corp

$14,366,264

0.35%

92,346

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Mellon Investments Corporation joint	1,092	$169,882	1.2%	Defined
Newton Investment Management Limited joint	88,483	$13,765,300	95.8%	Defined
BNY Mellon, NA joint	2,582	$401,680	2.8%	Defined
BNY Mellon Advisors, Inc.	188	$29,247	0.2%	Defined
Held directly	1	$155	0.0%	Defined

Trek Financial, LLC

$14,342,153

0.35%

92,191

Shellback Capital, LP

$13,830,173

0.34%

88,900

ENVESTNET ASSET MANAGEMENT INC

$13,787,857

0.34%

88,628

GLOBEFLEX CAPITAL L P

$13,578,616

0.33%

87,283

Banco BTG Pactual S.A.

$13,223,450

0.32%

85,000

CITADEL ADVISORS LLC

$13,052,323

0.32%

83,900

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Citadel Securities GP LLC	83,900	$13,052,323	100.0%	Defined

Qube Research & Technologies Ltd

$12,548,742

0.31%

80,663

BURNEY CO/

$12,068,498

0.29%

77,576

Knights of Columbus Asset Advisors LLC

$11,639,902

0.28%

74,821

JANE STREET GROUP, LLC

$11,169,926

0.27%

71,800

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Jane Street Capital, LLC	71,800	$11,169,926	100.0%	Defined

Truxt Investmentos Ltda.

$11,110,187

0.27%

71,416

JANE STREET GROUP, LLC

$10,703,216

0.26%

68,800

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Jane Street Capital, LLC	68,800	$10,703,216	100.0%	Defined

Amundi

$10,423,190

0.25%

67,000

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Amundi Asset Management joint	67,000	$10,423,190	100.0%	Defined

Aptus Capital Advisors, LLC

$10,406,388

0.25%

66,892

FRANKLIN RESOURCES INC

$10,063,355

0.24%

64,687

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Brandywine Global Investment Management, LLC	64,240	$9,993,816	99.3%	Defined
PUTNAM ADVISORY CO LLC	447	$69,539	0.7%	Defined

CAPTRUST FINANCIAL ADVISORS

$9,951,968

0.24%

63,971

Hosking Partners LLP

$9,829,846

0.24%

63,186

Concurrent Investment Advisors, LLC

$9,204,453

0.22%

59,166

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Concurrent Asset Management, LLC	114	$17,734	0.2%	Sole
Held directly	59,052	$9,186,719	99.8%	Sole

1492 Capital Management LLC

$8,946,519

0.22%

57,508

SUSQUEHANNA INTERNATIONAL GROUP, LLP

$8,898,604

0.22%

57,200

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
SUSQUEHANNA SECURITIES, LLC	57,200	$8,898,604	100.0%	Other

CSM Advisors, LLC

$8,638,024

0.21%

55,525

Russell Investments Group, Ltd.

$8,577,038

0.21%

55,133

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Russell Investment Management, LLC	27,562	$4,287,819	50.0%	Defined
Russell Investments Canada Limited	197	$30,647	0.4%	Defined
Russell Investments Capital, LLC	3,972	$617,924	7.2%	Defined
Russell Investments France SAS	788	$122,589	1.4%	Defined
Russell Investments Japan Co., LTD. joint	2,486	$386,747	4.5%	Other
Russell Investments Limited	6,572	$1,022,406	11.9%	Defined
Russell Investments Trust Company	13,556	$2,108,906	24.6%	Defined

Ruffer LLP

$8,124,954

0.20%

52,227

Ethic Inc.

$7,280,831

0.18%

46,801

Virtus Family Office LLC

$7,200,713

0.18%

46,286

Turas Capital Management LP

$6,969,536

0.17%

44,800

PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO

$6,954,601

0.17%

44,704

COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS

$6,870,437

0.17%

44,163

XTX Topco Ltd

$6,838,701

0.17%

43,959

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
XTX EXECUTION SERVICES LLC joint	43,959	$6,838,701	100.0%	Defined

LAZARD ASSET MANAGEMENT LLC

$6,669,908

0.16%

42,874

Empowered Funds, LLC

$6,642,682

0.16%

42,699

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Strive Asset Management, LLC	292	$45,426	0.7%	Other
The Burney Company	42,407	$6,597,256	99.3%	Other

Walleye Capital LLC

$6,580,611

0.16%

42,300

Point72 Asset Management, L.P.

$6,554,319

0.16%

42,131

CITADEL ADVISORS LLC

$6,393,927

0.16%

41,100

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Citadel Securities GP LLC	41,100	$6,393,927	100.0%	Defined

Squarepoint Ops LLC

$6,238,357

0.15%

40,100

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Squarepoint Capital LLP	40,100	$6,238,357	100.0%	Defined

VELA Investment Management, LLC

$6,218,444

0.15%

39,972

Journey Advisory Group, LLC

$6,070,341

0.15%

39,020

AMERIPRISE FINANCIAL INC

$5,788,759

0.14%

37,210

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Columbia Management Investment Advisers, LLC	27,250	$4,239,282	73.2%	Defined
Ameriprise Financial Services, LLC	9,960	$1,549,477	26.8%	Defined

CREDIT AGRICOLE S A

$5,584,963

0.14%

35,900

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Credit Agricole Corporate & Investment Bank joint	35,900	$5,584,963	100.0%	Defined

Corient Private Wealth LLC

$4,858,762

0.12%

31,232

Balyasny Asset Management L.P.

$4,784,555

0.12%

30,755

LPL Financial LLC

$4,753,441

0.12%

30,555

U S GLOBAL INVESTORS INC

$4,641,119

0.11%

29,833

Engineers Gate Manager LP

$4,364,827

0.11%

28,057

NOMURA ASSET MANAGEMENT INTERNATIONAL INC.

$4,281,597

0.10%

27,522

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
NOMURA HOLDINGS INC joint	27,522	$4,281,597	100.0%	Defined

Lifetime Wealth Management P.C.

$4,250,172

0.10%

27,320

Boston Partners

$4,184,521

0.10%

26,898

DEPRINCE RACE & ZOLLO INC

$4,089,779

0.10%

26,289

D. E. Shaw & Co., Inc.

$3,889,250

0.09%

25,000

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
D. E. SHAW & CO, L.P.	25,000	$3,889,250	100.0%	Defined

Fourth Sail Capital LP

$3,808,509

0.09%

24,481

Squarepoint Ops LLC

$3,749,237

0.09%

24,100

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Squarepoint Capital LLP	24,100	$3,749,237	100.0%	Defined

CM Management, LLC

$3,733,680

0.09%

24,000

MARATHON CAPITAL MANAGEMENT

$3,653,250

0.09%

23,483

Pictet Asset Management Holding SA

$3,568,620

0.09%

22,939

McGowan Group Asset Management, Inc.

$3,533,616

0.09%

22,714

Uniplan Investment Counsel, Inc.

$3,501,102

0.09%

22,505

SMA Capital LLC

$3,422,540

0.08%

22,000

Key facts CIK 1345105 CUSIP P31076105 13F (30d) 259 filings 238 filers Visit website Investor relations