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Copa Holdings, S.A.

CPA
Exchange
NYSE
Industry
Air Transportation, Scheduled
SEC CIK
0001345105

No open-market purchases or sales by Copa Holdings, S.A. insiders were filed in the last 90 days; 325 institutions reported holding it in 13F filings for Q2 2026, worth $4.01B in total; no superinvestor holds it.

13F holders, Q4 2025

Institutional positions in Copa Holdings, S.A. as of Dec 31, 2025. Investment managers with $100 million or more in US stocks report their long positions on Form 13F within 45 days after each quarter ends. How 13F works

Institutional holders
283
+33 vs. Q3 2025
Shares held
27.2M
+118.0K (+0.4%) vs. Q3 2025
Total value
$3.28B
+$67.5M (+2.1%) vs. Q3 2025
New holders
59
113 more added
Sold out
26
68 more reduced

8 institutions that held it in Q3 2025 haven't filed for Q4 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q3 2025: new holders, sold out and not filed yet

Holders and value by quarter

Institutions reporting CPA on Form 13F each quarter since Q1 2021, and the total value they reported. Values are as of each quarter end, so they also move with the share price.

Institutional holdersQ4 2025: 283 institutions
Q1 2021: 177 institutionsQ2 2021: 149 institutionsQ3 2021: 151 institutionsQ4 2021: 167 institutionsQ1 2022: 197 institutionsQ2 2022: 173 institutionsQ3 2022: 178 institutionsQ4 2022: 211 institutionsQ1 2023: 253 institutionsQ2 2023: 282 institutionsQ3 2023: 235 institutionsQ4 2023: 227 institutionsQ1 2024: 229 institutionsQ2 2024: 208 institutionsQ3 2024: 196 institutionsQ4 2024: 197 institutionsQ1 2025: 188 institutionsQ2 2025: 232 institutionsQ3 2025: 258 institutionsQ4 2025: 283 institutionsQ1 2026: 300 institutionsQ2 2026: 325 institutions
Value heldQ4 2025: $3.28B
Q1 2021: $2.77BQ2 2021: $2.55BQ3 2021: $2.65BQ4 2021: $2.83BQ1 2022: $2.90BQ2 2022: $2.03BQ3 2022: $2.14BQ4 2022: $2.69BQ1 2023: $2.99BQ2 2023: $3.56BQ3 2023: $2.55BQ4 2023: $2.95BQ1 2024: $2.86BQ2 2024: $2.60BQ3 2024: $2.61BQ4 2024: $2.44BQ1 2025: $2.44BQ2 2025: $3.07BQ3 2025: $3.22BQ4 2025: $3.28BQ1 2026: $3.03BQ2 2026: $4.01B
Institutions holding CPA and their total value by quarter
QuarterHoldersValue
Q2 2026325$4.01B
Q1 2026300$3.03B
Q4 2025283$3.28B
Q3 2025258$3.22B
Q2 2025232$3.07B
Q1 2025188$2.44B
Q4 2024197$2.44B
Q3 2024196$2.61B
Q2 2024208$2.60B
Q1 2024229$2.86B
Q4 2023227$2.95B
Q3 2023235$2.55B
Q2 2023282$3.56B
Q1 2023253$2.99B
Q4 2022211$2.69B
Q3 2022178$2.14B
Q2 2022173$2.03B
Q1 2022197$2.90B
Q4 2021167$2.83B
Q3 2021151$2.65B
Q2 2021149$2.55B
Q1 2021177$2.77B

Institutions, Q4 2025

Shares, value and share of portfolio for each institution holding Copa Holdings, S.A.; share changes are against Q3 2025.

Institutions holding CPA in Q4 2025
InstitutionSharesValue% of portfolioChange in sharesAction
Capital World Investors4,603,671$555.2M0.08%+30,101+0.7%Added
Baillie Gifford & Co2,747,078$331.3M0.28%−18,218−0.7%Reduced
Sprucegrove Investment Management Ltd1,911,095$230.5M27.78%−390,789−17.0%Reduced
JPMorgan Chase & Co1,647,779$198.7M0.01%+44,834+2.8%Added
Dimensional Fund Advisors LP1,344,720$162.2M0.03%+31,699+2.4%Added
FMR LLC1,320,334$159.2M0.01%−15,067−1.1%Reduced
Renaissance Technologies LLC772,528$93.2M0.14%−114,900−12.9%Reduced
Driehaus Capital Management LLC670,657$80.9M0.55%+16,267+2.5%Added
Captrust Financial Advisors654,830$79.0M0.15%+12,053+1.9%Added
Brandes Investment Partners, LP654,255$78.9M0.60%+22,126+3.5%Added
Clark Capital Management Group, Inc.551,280$66.5M0.41%+475+0.1%Added
Vontobel Holding Ltd.484,852$58.5M0.19%−5,669−1.2%Reduced
Wishbone Management, LP472,500$57.0M24.34%00.0%Unchanged
Raymond James Financial Inc467,285$56.4M0.02%−57,964−11.0%Reduced
Wasatch Advisors Inc454,723$54.8M0.33%−92,895−17.0%Reduced
Artemis Investment Management LLP451,756$54.5M0.66%+58,133+14.8%Added
Marathon Asset Mgmt Ltd409,572$49.4M1.90%+34,982+9.3%Added
SPX Equities Gestao de Recursos Ltda393,542$47.5M4.86%−13,100−3.2%Reduced
SEI Investments Co334,197$40.3M0.04%−75,542−18.4%Reduced
Two Sigma Investments, LP284,691$34.3M0.05%+55,615+24.3%Added
Morgan Stanley270,039$32.6M0.00%+5,914+2.2%Added
Goldman Sachs Group Inc266,471$32.1M0.00%+23,390+9.6%Added
Balyasny Asset Management LLC258,251$31.1M0.06%+209,381+428.4%Added
Artisan Partners Limited Partnership253,729$30.6M0.05%+6,785+2.7%Added
Cape Ann Asset Management Ltd219,800$26.5M7.21%+1,800+0.8%Added
Letko, Brosseau & Associates Inc195,203$23.5M0.39%+7,450+4.0%Added
Ameriprise Financial Inc192,481$23.2M0.01%+157,325+447.5%Added
Cullen Capital Management LLC163,557$19.7M0.22%−45,844−21.9%Reduced
Marshall Wace, LLP163,349$19.7M0.02%+41,891+34.5%Added
Par Capital Management Inc157,197$19.0M0.50%+9,197+6.2%Added
Assenagon Asset Management S.A.155,982$18.8M0.03%+155,982New
Brandywine Global Investment Management, LLC137,970$16.6M0.11%+2,090+1.5%Added
Fourth Sail Capital LP130,200$15.7M2.52%+130,200New
Itau Unibanco Holding S.A.127,532$15.3M0.38%+106,454+505.0%Added
Bank of America Corp124,830$15.1M0.00%−75,957−37.8%Reduced
Carrhae Capital LLP124,717$15.0M1.00%+124,717New
Mirae Asset Global ETFs Holdings Ltd.120,437$14.5M0.02%+1,582+1.3%Added
Two Sigma Advisers, LP120,300$14.5M0.03%+10,000+9.1%Added
Millennium Management LLC117,930$14.2M0.01%−335,460−74.0%Reduced
Envestnet Asset Management Inc111,655$13.5M0.00%+6,980+6.7%Added
Pictet Asset Management Holding SA105,210$12.7M0.01%−45,068−30.0%Reduced
Public Employees Retirement System of Ohio92,907$11.2M0.03%00.0%Unchanged
BCJ Capital Management, LLC89,192$10.8M0.62%+13,016+17.1%Added
Globeflex Capital L P87,283$10.5M1.61%+4,779+5.8%Added
Janney Montgomery Scott LLC82,151$9.91M0.02%+79,505+3,004.7%Added
Public Sector Pension Investment Board79,656$9.61M0.03%+79,656New
Knights of Columbus Asset Advisors LLC76,170$9.19M0.52%+995+1.3%Added
Quantinno Capital Management LP73,780$8.90M0.02%+20,598+38.7%Added
Invesco Ltd.67,810$8.18M0.00%−26,690−28.2%Reduced
HRT Financial LP67,800$8.18M0.03%+67,800New
UBS Group AG67,684$8.16M0.00%−10,441−13.4%Reduced
Aptus Capital Advisors, LLC65,822$7.94M0.07%+285+0.4%Added
Concurrent Investment Advisors, LLC65,745$7.93M0.09%+65,745New
Hosking Partners LLP65,442$7.89M0.27%−787−1.2%Reduced
1492 Capital Management LLC60,829$7.34M2.81%+1,093+1.8%Added
Commonwealth of Pennsylvania Public School Empls Retrmt Sys58,811$7.09M0.04%00.0%Unchanged
CIBC World Markets Inc.57,780$6.97M0.01%+4,932+9.3%Added
Sagil Capital LLP53,854$6.50M4.06%+53,854New
Amundi53,000$6.39M0.00%−9,083−14.6%Reduced
Marathon Capital Management51,553$6.22M1.34%−19,820−27.8%Reduced
Shellback Capital, LP50,036$6.03M0.58%00.0%Unchanged
Ruffer LLP48,819$5.90M0.27%+12,090+32.9%Added
Ethic Inc.47,541$5.73M0.09%−452−0.9%Reduced
CSM Advisors, LLC47,148$5.69M0.15%+2,351+5.2%Added
Standard Life Aberdeen plc46,611$5.62M0.01%−9,689−17.2%Reduced
Bridgewater Associates, LP43,601$5.26M0.02%−20,083−31.5%Reduced
HSBC Holdings PLC41,753$5.06M0.00%−11,776−22.0%Reduced
Virtus Family Office LLC40,220$4.85M4.18%−143−0.4%Reduced
Schonfeld Strategic Advisors LLC39,936$4.82M0.02%−81,746−67.2%Reduced
LPL Financial LLC39,779$4.80M0.00%+5,958+17.6%Added
Empirical Finance, LLC38,850$4.69M0.22%00.0%Unchanged
Deltec Asset Management LLC37,900$4.57M0.76%−1,500−3.8%Reduced
VELA Investment Management, LLC36,743$4.43M1.21%+1,467+4.2%Added
Lifetime Wealth Management P.C.35,775$4.31M2.71%+35,775New
Carrera Capital Advisors35,591$4.29M0.72%−1,129−3.1%Reduced
Wells Fargo & Company34,300$4.14M0.00%+15,291+80.4%Added
U S Global Investors Inc33,720$4.07M0.44%+356+1.1%Added
Lazard Asset Management LLC32,492$3.92M0.01%−11,894−26.8%Reduced
Trexquant Investment LP28,996$3.50M0.03%+28,996New
Nomura Asset Management International Inc.28,836$3.48M0.01%+28,836New
State of Alaska, Department of Revenue28,720$3.46M0.04%+73+0.3%Added
Cetera Investment Advisers26,843$3.24M0.00%+3,447+14.7%Added
Citadel Advisors LLC25,120$3.03M0.00%+21,461+586.5%Added
Qube Research & Technologies Ltd22,683$2.74M0.00%−18,560−45.0%Reduced
Connor, Clark & Lunn Investment Management Ltd.20,322$2.45M0.01%+18,281+895.7%Added
McGowan Group Asset Management, Inc.20,209$2.44M0.30%+2,069+11.4%Added
Credit Agricole S A18,827$2.27M0.01%00.0%Unchanged
Range Financial Group LLC18,154$2.19M0.76%+1,756+10.7%Added
Kestra Advisory Services, LLC17,646$2.13M0.01%+531+3.1%Added
Silvercrest Asset Management Group LLC17,497$2.11M0.01%+652+3.9%Added
Gsa Capital Partners LLP17,397$2.10M0.18%−2,389−12.1%Reduced
Pathstone Holdings, LLC16,532$1.99M0.01%−511−3.0%Reduced
Susquehanna International Group, LLP16,230$1.96M0.00%+16,230New
Formula Growth Ltd15,500$1.87M0.72%00.0%Unchanged
Uniplan Investment Counsel, Inc.15,062$1.82M0.18%−705−4.5%Reduced
CWA Asset Management Group, LLC15,055$1.82M0.07%+584+4.0%Added
Royal Bank of Canada15,043$1.81M0.00%−21,820−59.2%Reduced
Engineers Gate Manager LP14,604$1.76M0.02%+5,759+65.1%Added
Park Avenue Securities LLC14,377$1.73M0.01%+565+4.1%Added
PDT Partners, LLC14,267$1.72M0.11%−5,100−26.3%Reduced