Abstract. Universal Coalgebra provides the notion of a coalgebra as the natural mathematical generalization of state-based evolving systems such as (infinite) words, trees, and transition systems. We lift the theory of parity automata to a coalgebraic level of abstraction by introducing, for a set Λ of predicate liftings associated with a set functor T, the notion of a Λ-automata operating on coalgebras of type T. In a familiar way these automata correspond to extensions of coalgebraic modal logics with least and greatest fixpoint operators. Our main technical contribution is a general bounded model property re-sult: We provide a construction that transforms an arbitrary Λ-automaton A with nonempty language into a small pointed coalgebra (S...