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

SecurityCPA / Copa Holdings, S.A.
InstitutionDimensional Fund Advisors Lp
Latest Disclosed Ownership1,396,963 shares
Latest Disclosed Value $ 158,691,378
Dimensional Fund Advisors Lp reports 3.89% increase in ownership of CPA / Copa Holdings, S.A.

On May 7, 2026 - Dimensional Fund Advisors Lp filed a 13F-HR form disclosing ownership of 1,396,963 shares of Copa Holdings, S.A. (US:CPA) valued at $158,708,966 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 12, 2026 disclosing 1,344,720 shares of Copa Holdings, S.A.. This represents a change in shares of 3.89% during the quarter. The current value of the position is $189,763,454 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)
2026-05-07 2026-03-31 13F COPA HOLDINGS CL A P31076105 1,396,963 52,243 3.89 158,691 -2.15 0.0071
2026-02-12 2025-12-31 13F COPA HOLDINGS CL A P31076105 1,344,720 31,699 2.41 162,185 3.95 0.0340
2025-11-12 2025-09-30 13F COPA HOLDINGS CL A P31076105 1,313,021 42,921 3.38 156,014 11.70 0.0335
2025-08-12 2025-06-30 13F COPA HOLDINGS CL A P31076105 1,270,100 85,822 7.25 139,668 27.55 0.0323
2025-05-13 2025-03-31 13F COPA HOLDINGS CL A P31076105 1,184,278 99,955 9.22 109,501 14.91 0.0272
2025-02-13 2024-12-31 13F COPA HOLDINGS CL A P31076105 1,084,323 159,470 17.24 95,290 9.79 0.0229
2024-11-07 2024-09-30 13F COPA HOLDINGS CL A P31076105 924,853 95,375 11.50 86,792 9.93 0.0211
2024-08-09 2024-06-30 13F COPA HOLDINGS CL A P31076105 829,478 65,525 8.58 78,950 -0.78 0.0206
2024-05-10 2024-03-31 13F COPA HOLDINGS CL A P31076105 763,953 76,182 11.08 79,573 8.83 0.0215
2024-02-07 2023-12-31 13F COPA HOLDINGS CL A P31076105 687,771 38,326 5.90 73,119 26.33 0.0214
2023-11-09 2023-09-30 13F COPA HOLDINGS CL A P31076105 649,445 -36,846 -5.37 57,878 -23.73 0.0190
2023-08-09 2023-06-30 13F COPA HOLDINGS CL A P31076105 686,291 35,322 5.43 75,888 26.23 0.0242
2023-05-12 2023-03-31 13F COPA HOLDINGS CL A P31076105 650,969 25,743 4.12 60,118 117,776.47 0.0203
2023-02-09 2022-12-31 13F COPA HOLDINGS CL A P31076105 625,226 27,009 4.51 52 -99.87 0.0154
2022-11-10 2022-09-30 13F COPA HOLDINGS CL A P31076105 598,217 -6,223 -1.03 40,087 4.67 0.0154
2022-08-12 2022-06-30 13F COPA HOLDINGS CL A P31076105 604,440 80,953 15.46 38,299 -12.52 0.0137
2022-05-13 2022-03-31 13F COPA HOLDINGS CLA P31076105 523,487 -3,457 -0.66 43,780 0.51 0.0135
2022-02-09 2021-12-31 13F COPA HOLDINGS CLA P31076105 526,944 -33,162 -5.92 43,556 -4.45 0.0132
2021-11-12 2021-09-30 13F COPA HOLDINGS CLA P31076105 560,106 -20,008 -3.45 45,583 4.31 0.0147
2021-08-12 2021-06-30 13F COPA HOLDINGS CLA P31076105 580,114 -54,779 -8.63 43,699 -14.81 0.0138
2021-05-14 2021-03-31 13F COPA HOLDINGS CLA P31076105 634,893 -54,691 -7.93 51,293 -3.69 0.0170
2021-03-08 2020-12-31 13F/A-2 COPA HOLDINGS CLA P31076105 689,584 20,329 3.04 53,256 58.08 0.0192
2021-02-11 2020-12-31 13F COPA HOLDINGS CLA P31076105 689,584 20,329 53,256 19,233.2365
2020-11-12 2020-09-30 13F COPA HOLDINGS CLA P31076105 669,255 -9,053 -1.33 33,690 -1.77 0.0143
2020-08-13 2020-06-30 13F COPA HOLDINGS CLA P31076105 678,308 18,341 2.78 34,297 14.75 0.0151
2020-05-14 2020-03-31 13F COPA HOLDINGS CLA P31076105 659,967 51,232 8.42 29,888 -54.57 0.0156
2020-02-14 2019-12-31 13F COPA HOLDINGS CLA P31076105 608,735 -48,403 -7.37 65,792 1.39 0.0240
2019-11-12 2019-09-30 13F COPA HOLDINGS CLA P31076105 657,138 -8,040 -1.21 64,890 -0.02 0.0252
2019-08-13 2019-06-30 13F COPA HOLDINGS CLA P31076105 665,178 69,258 11.62 64,900 35.11 0.0252
2019-08-12 2019-03-31 13F/A-2 COPA HOLDINGS CLA P31076105 595,920 40,686 7.33 48,035 9.92 0.0191
2019-05-10 2019-03-31 13F COPA HOLDINGS CLA P31076105 595,920 40,686 48,035
2019-02-26 2018-12-31 13F/A-1 COPA HOLDINGS CLA P31076105 555,234 20,289 3.79 43,700 2.32 0.0198
2019-02-13 2018-12-31 13F COPA HOLDINGS CLA P31076105 555,234 20,289 43,700
2018-11-13 2018-09-30 13F COPA HOLDINGS CLA P31076105 534,945 -49,304 -8.44 42,711 -22.74 0.0163
2018-08-10 2018-06-30 13F COPA HOLDINGS CLA P31076105 584,249 -74,330 -11.29 55,281 -34.74 0.0220
2018-05-11 2018-03-31 13F COPA HOLDINGS CLA P31076105 658,579 -50,575 -7.13 84,713 -10.90 0.0353
2018-02-12 2017-12-31 13F COPA HOLDINGS CLA P31076105 709,154 -207,671 -22.65 95,080 -16.72 0.0394
2017-11-13 2017-09-30 13F COPA HOLDINGS CLA P31076105 916,825 -15,837 -1.70 114,165 4.62 0.0499
2017-08-11 2017-06-30 13F COPA HOLDINGS CLA P31076105 932,662 -452,320 -32.66 109,124 -29.81 0.0504
2017-05-12 2017-03-31 13F COPA HOLDINGS CLA P31076105 1,384,982 -96,090 -6.49 155,459 15.56 0.0743
2017-02-09 2016-12-31 13F COPA HOLDINGS CLA P31076105 1,481,072 -3,031 -0.20 134,530 3.09 0.0672
2016-11-10 2016-09-30 13F COPA HOLDINGS CLA P31076105 1,484,103 158,156 11.93 130,495 88.32 0.0705
2016-08-09 2016-06-30 13F COPA HOLDINGS CLA P31076105 1,325,947 467,665 54.49 69,293 19.17 0.0399
2016-05-13 2016-03-31 13F COPA HOLDINGS CLA P31076105 858,282 444,606 107.48 58,145 191.25 0.0348
2016-02-10 2015-12-31 13F COPA HOLDINGS CLA P31076105 413,676 -25,111 -5.72 19,964 8.51 0.0124
2015-11-13 2015-09-30 13F COPA HOLDINGS CLA P31076105 438,787 -13,691 -3.03 18,398 -50.77 0.0121
2015-08-14 2015-06-30 13F COPA HOLDINGS CLA P31076105 452,478 71,118 18.65 37,368 -2.96 0.0229
2015-05-14 2015-03-31 13F COPA HOLDINGS CLA P31076105 381,360 159,376 71.80 38,507 67.38 0.0243
2015-02-06 2014-12-31 13F COPA HOLDINGS CLA P31076105 221,984 49,580 28.76 23,006 24.38 0.0151
2014-11-13 2014-09-30 13F COPA HOLDINGS CLA P31076105 172,404 132,983 337.34 18,496 229.11 0.0131
2014-08-08 2014-06-30 13F COPA HOLDINGS CLA P31076105 39,421 1,349 3.54 5,620 1.85 0.0039
2014-05-14 2014-03-31 13F COPA HOLDINGS CLA P31076105 38,072 15,309 67.25 5,518 51.43 0.0041
2014-02-12 2013-12-31 13F COPA HOLDINGS CLA P31076105 22,763 1,485 6.98 3,644 23.53 0.0028
2013-11-13 2013-09-30 13F COPA HOLDINGS CLA P31076105 21,278 7,346 52.73 2,950 61.47 0.0026
2013-08-15 2013-06-30 13F COPA HOLDINGS CLA P31076105 13,932 13,932 1,827 0.0017
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.