Free · no sign-up · Q2 2026

Which funds own CPA

Copa Holdings SA in the Q2 2026 filings. At least 6 of the 91 current managers on file reported a position, worth $558m between them. It is among the largest positions of fewer than a fifth of the current managers on file. The quarter went one way: 4 managers opened or added against 1 cutting.

Managers holding: 6; at least, of 91 current
Combined value: $558m; as reported
Opened: 1; new this quarter
Added to: 3; already held
Trimmed or sold out: 1; 0 sold out entirely

Only each manager’s largest 200 positions are listed here, so a smaller holder may be missing.

Managers reporting a position

Largest first. Weight is the share of that manager’s whole reported book, which is the number worth quoting: $400m is a rounding error in one book and a defining bet in another.

Manager	Value	Weight	Shares	Change on the quarter	Action
Baillie Gifford & Co Long-only · $110bn book	$382m	0.3%	2,455,810	+$89m-125,815	Trimmed
Renaissance Technologies LLC Quantitative · $72.6bn book	$120m	0.2%	772,928	+$37m+38,500	Added
Artisan Partners LP Long-only · $63.1bn book	$52m	0.1%	330,738	+$17m+27,091	Added
Polen Capital Management LLC Long-only · $11.6bn book	$2.9m	0.0%	18,948	opened18,948	New
Dodge & Cox Activist · $191bn book	$1.1m	0.0%	7,250	+$400k+1,250	Added
Ruane Cunniff & Goldfarb LP Activist · $6.4bn book	$400k	0.0%	2,555	+$100k0	Held

Ownership through time

At least 12 of the 95 managers whose filings are on file listed CPA in Q2 2026, against 9 in Q2 2013. 2 managers more than in Q1 2026: 2 started positions.

Each manager’s largest 500 positions a quarter are read, so a small holding in a very large book can be missing, and a manager is counted as leaving only where its own filing shows it.

Managers on file listing it

Their combined reported value

Between the quarter ends of Q1 2026 and Q2 2026. Each change in shares is valued at the Q2 2026 price, so the price’s own move is left out; a 13F shows the two quarter ends, not when in between anything was bought or sold.

Started in Q2 2026

Polen Capital Management LLC$2.9m
Winton Group Ltd$1.5m

Largest increases, by shares

Renaissance Technologies LLC734,428 to 772,928 shares+$6.0m
Artisan Partners LP303,647 to 330,738 shares+$4.2m
Polen Capital Management LLCnew: 18,948 shares+$2.9m
Bridgewater Associates LP90,993 to 104,487 shares+$2.1m
Capital Research Global Investors1,031,398 to 1,042,831 shares+$1.8m

Largest decreases, by shares

Capital World Investors3,713,509 to 2,856,717 shares-$133m
Baillie Gifford & Co2,581,625 to 2,455,810 shares-$20m
Two Sigma Investments LP475,343 to 414,136 shares-$9.5m

Left it

No manager on file is shown leaving it.

Manager	First listed	Largest	Q2 2026
Capital World Investors	Q4 2020	$555m	$444m
Baillie Gifford & Co	Q2 2013	$404m	$382m
Capital Research Global Investors	Q1 2026	$162m	$162m
Renaissance Technologies LLC	Q3 2017	$168m	$120m
Two Sigma Investments LP	Q2 2013	$64m	$64m
Artisan Partners LP	Q1 2014	$51m	$51m
Bridgewater Associates LP	Q1 2025	$16m	$16m
Polen Capital Management LLC	Q1 2024	$2.9m	$2.9m
Winton Group Ltd	Q2 2025	$1.5m	$1.5m
Dodge & Cox	Q3 2022	$1.1m	$1.1m
PDT Partners LLC	Q3 2013	$11m	$1.0m
Ruane Cunniff & Goldfarb LP	Q4 2024	$397k	$397k
Fidelity (FMR LLC)	Q4 2013	$303m	last listed Q1 2014
AllianceBernstein LP	Q3 2013	$277m	last listed Q2 2015
MFS Investment Management	Q2 2013	$253m	last listed Q1 2018
Wellington Management Group LLP	Q2 2013	$160m	last listed Q1 2015
Marshall Wace LLP	Q2 2013	$122m	last listed Q2 2023
Millennium Management LLC	Q1 2023	$96m	last listed Q2 2023
Farallon Capital Management LLC	Q2 2013	$69m	last listed Q3 2015
AQR Capital Management LLC	Q2 2013	$65m	last listed Q1 2023
Point72 Asset Management LP	Q1 2018	$51m	last listed Q4 2023
D. E. Shaw & Co.	Q2 2023	$44m	last listed Q2 2023

What CPA is worth

Knowing who owns it is half the question. The other half is what it is worth against the companies it trades beside, which is the one an interviewer will follow up with.

Build the comp set around CPA →

How much of the picture this is

A Form 13F reports US-listed long equity and nothing else: no shorts, no bonds, no cash and no non-US listings. It arrives forty-five days after the quarter ends, so a manager who sold in July still shows the position in a filing published in August. This page reads the managers on file here rather than every filer in the market, and each manager’s largest positions rather than the whole table, so a small position in a very large book may not appear. Say “their last filing showed” rather than “they own”, and the distinction will do you credit.

What to do with a name the funds are buying

Knowing who owns something is the start of a pitch, not the pitch. The next questions are what it is worth and why they were buying.

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