COPA HOLDINGS SA

Ticker: CPA CUSIP: P31076105 Class: CL A

BANQUE PICTET & CIE SA's Holding History (CIK: 0001535602)

Note: Option positions (PUT/CALL) are excluded.

Q3 2014

Shares 89,442 Value ($000) $9,596 Avg Close $94.10 Range $73.98 - $111.29

Q2 2014

Shares 88,034 Value ($000) $12,551 Avg Close $98.21 Range $91.49 - $103.49

Q1 2014

Shares 92,182 Value ($000) $13,384 Avg Close $96.87 Range $84.72 - $113.10

Q4 2013

Shares 87,433 Value ($000) $13,999 Avg Close $104.68 Range $94.55 - $112.08

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2014	89,442	$9,596	$94.10	$73.98 - $111.29
Q2 2014	88,034	$12,551	$98.21	$91.49 - $103.49
Q1 2014	92,182	$13,384	$96.87	$84.72 - $113.10
Q4 2013	87,433	$13,999	$104.68	$94.55 - $112.08