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

SecurityCPA / Copa Holdings, S.A.
InstitutionQuantbot Technologies LP
Latest Disclosed Ownership1,760 shares
Latest Disclosed Value $ 199,954
Quantbot Technologies LP reports 81.86% decrease in ownership of CPA / Copa Holdings, S.A.

On May 13, 2026 - Quantbot Technologies LP filed a 13F-HR form disclosing ownership of 1,760 shares of Copa Holdings, S.A. (US:CPA) valued at $199,954 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 10, 2026 disclosing 9,703 shares of Copa Holdings, S.A.. This represents a change in shares of -81.86% during the quarter. The current value of the position is $239,078 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)
2026-05-13 2026-03-31 13F COPA HOLDINGS SA- COM P31076105 1,760 -7,943 -81.86 200 -82.99 0.0082
2026-02-10 2025-12-31 13F COPA HOLDINGS SA- COM P31076105 9,703 2,309 31.23 1,170 33.26 0.0389
2025-11-12 2025-09-30 13F COPA HOLDINGS SA- COM P31076105 7,394 7,394 879 0.0239
2024-08-09 2024-06-30 13F COPA HOLDINGS SA- COM P31076105 0 -9,615 -100.00 0 -100.00
2024-05-06 2024-03-31 13F COPA HOLDINGS SA- COM P31076105 9,615 5,935 161.28 1,001 156.01 0.0564
2024-02-14 2023-12-31 13F COPA HOLDINGS SA- COM P31076105 3,680 -8,491 -69.76 391 -63.93 0.0227
2023-11-07 2023-09-30 13F COPA HOLDINGS SA- COM P31076105 12,171 10,223 524.79 1,085 404.19 0.0729
2023-08-08 2023-06-30 13F COPA HOLDINGS SA- COM P31076105 1,948 1,948 215 0.0141
2023-05-12 2023-03-31 13F COPA HOLDINGS SA- COM P31076105 0 -3,511 -100.00 0 -100.00
2023-02-13 2022-12-31 13F COPA HOLDINGS SA- COM P31076105 3,511 3,511 292 0.0209
2022-08-09 2022-06-30 13F COPA HOLDINGS SA- COM P31076105 0 -3,872 -100.00 0 -100.00
2022-05-16 2022-03-31 13F COPA HOLDINGS SA- COM P31076105 3,872 1,882 94.57 323 96.95 0.0282
2022-02-11 2021-12-31 13F COPA HOLDINGS SA- COM P31076105 1,990 1,990 164 0.0133
2020-11-16 2020-09-30 13F COPA HOLDINGS SA- COM P31076105 0 -976 -100.00 0 -100.00
2020-08-13 2020-06-30 13F COPA HOLDINGS SA- COM P31076105 976 976 49 0.0065
2020-05-13 2020-03-31 13F COPA HOLDINGS SA- COM P31076105 0 -1,635 -100.00 0 -100.00
2020-02-10 2019-12-31 13F COPA HOLDINGS SA- COM P31076105 1,635 -2,098 -56.20 176 -52.17 0.0175
2019-11-12 2019-09-30 13F COPA HOLDINGS SA- COM P31076105 3,733 3,733 368 0.0363
2019-02-13 2018-12-31 13F COPA HOLDINGS SA- COM P31076105 0 -15,430 -100.00 0 -100.00
2018-11-13 2018-09-30 13F COPA HOLDINGS SA- COM P31076105 15,430 -6,848 -30.74 1,231 -41.58 0.0861
2018-08-13 2018-06-30 13F COPA HOLDINGS SA- COM P31076105 22,278 18,779 536.70 2,107 368.22 0.1435
2018-05-11 2018-03-31 13F COPA HOLDINGS SA- COM P31076105 3,499 -1,941 -35.68 450 -38.27 0.0387
2018-02-12 2017-12-31 13F COPA HOLDINGS SA- COM P31076105 5,440 2,079 61.86 729 74.40 0.0675
2017-11-07 2017-09-30 13F COPA HOLDINGS SA- COM P31076105 3,361 350 11.62 418 24.04 0.0401
2017-05-10 2017-03-31 13F COPA HOLDINGS SA- COM P31076105 3,011 3,011 337 0.0353
2016-04-28 2016-03-31 13F COPA HOLDINGS SA- COM P31076105 0 0 0 0.0000
2016-01-22 2015-12-31 13F COPA HOLDINGS SA- COM P31076105 0 -16,380 -100.00 0 -100.00
2015-10-22 2015-09-30 13F COPA HOLDINGS SA- COM P31076105 16,380 16,380 686 0.1196
2015-07-27 2015-06-30 13F COPA HOLDINGS SA- COM P31076105 0 -1,256 -100.00 0 -100.00
2015-04-24 2015-03-31 13F COPA HOLDINGS SA- COM P31076105 1,256 1,256 126 0.0312
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.