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

CPA ranks #1926 out of 37696 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.

Deprince Race & Zollo Inc has added to its CPA position for two straight quarters, increasing it by $1.6M to reach $4.6M today.

TD Waterhouse Canada Inc. has trimmed its CPA position for two straight quarters, cutting it by $1.1M while still holding $36.7K.

CPA is down 0.7% today, and institutions have been net sellers of $23.4M this quarter — today's price move and the underlying institutional flow are pointing the same direction.

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