Copa Holdings, S.A. (CPA) SEC 13F Holdings (Q2 2026): Institutional Buyers & Sellers

CPA ranks #1920 out of 37501 tracked stocks by institutional interest — one of the most closely watched names in our coverage.

CPA is a disclosed holding of Baillie Gifford (Baillie Gifford & Co.), one of the tracked superinvestors on AlphaSMO — it makes up 0.3% of that fund's own 13F portfolio.

CPA is a top-conviction position for Sprucegrove Investment Management LTD — at 35.3% of their entire disclosed 13F portfolio, it's one of their largest single bets, not just a passing allocation.

The largest dollar stake in CPA belongs to Capital World Investors, but the position matters far more to Sprucegrove Investment Management LTD, who has 35.3% of their own portfolio riding on it — a reminder that the biggest holder by size and the holder with the biggest bet aren't always the same fund.

FIL Ltd has added to its CPA position for two straight quarters, increasing it by $89.3M to reach $90.1M today.

Driehaus Capital Management LLC has trimmed its CPA position for two straight quarters, cutting it by $79.0M while still holding $1.9M.

CPA is up 2.7% today, but institutions show net selling of $23.4M this quarter — a divergence between today's price move and the underlying institutional flow.

CPA closed its latest fiscal year with net income of $671.6M.

• Profitable — net income of $671.6M in the latest fiscal year
• Revenue grew 5.0% year over year
• Net income improved year over year, from $608.1M to $671.6M
• Generated $1.2B in positive operating cash flow
• Current ratio of 1.31x — below the conventional 1.5x liquidity buffer
• Liabilities run 1.37x equity — within a conventional range