Copa Holdings, S.A.
US ˙ NYSE ˙ PAP310761054

SecurityCPA / Copa Holdings, S.A.
InstitutionAdvisor Group Holdings, Inc.
Latest Disclosed Ownership12,871 shares
Latest Disclosed Value $ 1,462,631
Advisor Group Holdings, Inc. reports 3.70% decrease in ownership of CPA / Copa Holdings, S.A.

On May 15, 2026 - Advisor Group Holdings, Inc. filed a 13F-HR form disclosing ownership of 12,871 shares of Copa Holdings, S.A. (US:CPA) valued at $1,462,274 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 17, 2026 disclosing 13,365 shares of Copa Holdings, S.A.. This represents a change in shares of -3.70% during the quarter. The current value of the position is $1,748,397 USD.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-15 2026-03-31 13F COPA HOLDINGS CL A P31076105 12,871 -494 -3.70 1,463 -9.31 0.0012
2026-02-17 2025-12-31 13F COPA HOLDINGS CL A P31076105 13,365 -30,100 -69.25 1,612 -68.77 0.0024
2025-11-14 2025-09-30 13F COPA HOLDINGS CL A P31076105 43,465 41,618 2,253.28 5,161 2,442.36 0.0072
2025-09-04 2025-06-30 13F/A-1 COPA HOLDINGS CL A P31076105 1,847 245 15.29 203 37.16 0.0004
2025-08-13 2025-06-30 13F COPA HOLDINGS CL A P31076105 562 -1,040 54 0.0001
2025-05-12 2025-03-31 13F COPA HOLDINGS CL A P31076105 1,602 1,189 287.89 148 311.11 0.0003
2025-06-06 2024-12-31 13F/A-1 COPA HOLDINGS CL A P31076105 413 170 69.96 36 63.64 0.0001
2025-02-07 2024-12-31 13F COPA HOLDINGS CL A P31076105 243 0 23 0.0001
2024-11-13 2024-09-30 13F COPA HOLDINGS CL A P31076105 243 -100 -29.15 23 -31.25 0.0001
2024-08-13 2024-06-30 13F COPA HOLDINGS CL A P31076105 343 -108 -23.95 33 -31.91 0.0001
2024-05-10 2024-03-31 13F COPA HOLDINGS CL A P31076105 451 -217 -32.49 47 -33.80 0.0001
2024-02-12 2023-12-31 13F COPA HOLDINGS CL A P31076105 668 -1,472 -68.79 71 -62.63 0.0001
2023-11-13 2023-09-30 13F COPA HOLDINGS CL A P31076105 2,140 -129 -5.69 191 -24.30 0.0003
2023-08-21 2023-06-30 13F/A-1 COPA HOLDINGS CL A P31076105 2,269 576 34.02 251 60.90 0.0005
2023-08-10 2023-06-30 13F COPA HOLDINGS CL A P31076105 5,885 4,192 248 0.0001
2023-05-12 2023-03-31 13F COPA HOLDINGS CL A P31076105 1,693 102 6.41 156 17.29 0.0003
2023-02-10 2022-12-31 13F COPA HOLDINGS CL A P31076105 1,591 619 63.68 133 107.81 0.0003
2022-11-14 2022-09-30 13F COPA HOLDINGS CL A P31076105 972 -59 -5.72 64 -1.54 0.0001
2022-08-10 2022-06-30 13F COPA HOLDINGS CL A P31076105 1,031 -52 -4.80 65 -29.35 0.0001
2022-05-04 2022-03-31 13F COPA HOLDINGS CL A P31076105 1,083 151 16.20 92 19.48 0.0002
2022-02-03 2021-12-31 13F COPA HOLDINGS CL A P31076105 932 141 17.83 77 18.46 0.0001
2021-11-05 2021-09-30 13F COPA HOLDINGS CL A P31076105 791 -354 -30.92 65 -23.53 0.0001
2021-08-02 2021-06-30 13F COPA HOLDINGS CL A P31076105 1,145 -115 -9.13 85 -16.67 0.0002
2021-05-13 2021-03-31 13F COPA HOLDINGS CL A P31076105 1,260 -41 -3.15 102 2.00 0.0002
2021-02-10 2020-12-31 13F COPA HOLDINGS CL A P31076105 1,301 -354 -21.39 100 20.48 0.0003
2020-11-12 2020-09-30 13F COPA HOLDINGS CL A P31076105 1,655 -17 -1.02 83 -2.35 0.0002
2020-08-14 2020-06-30 13F COPA HOLDINGS CL A P31076105 1,672 -326 -16.32 85 -15.00 0.0003
2020-05-18 2020-03-31 13F COPA HOLDINGS CL A P31076105 1,998 1,998 100 0.0004
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.