Bank of Montreal’s Gol Linhas Aéreas Inteligentes S.A. American Depositary Shares (Each representing Ten Preferred Shares) GOL Stock Holding History

Bank of Montreal’s Portfolio GOL Stock Details GOL Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2016 Q2	–	Sell	-30,000	Closed	-$45K	–	4375
2016 Q1	$45K	Buy	+30,000	New	+$34.4K	﹤0.01%	3092
2015 Q4	–	Sell	-53	Closed	–	–	4471
2015 Q3	$0	Hold	53	–	–	﹤0.01%	4207
2015 Q2	$0	Sell	53 -252	-83%	-$1.29K	﹤0.01%	4152
2015 Q1	$1K	Sell	305 -102,811	-100%	-$799K	﹤0.01%	3882
2014 Q4	$1.19M	Sell	103,116 -77,972	-43%	-$800K	﹤0.01%	1632
2014 Q3	$1.74M	Buy	181,088 +33,687	+23%	+$403K	﹤0.01%	1533
2014 Q2	$1.62M	Buy	147,401 +147,190	+69,758%	+$1.73M	﹤0.01%	1541
2014 Q1	$2K	Sell	211 -12,470	-98%	-$113K	﹤0.01%	3919
2013 Q4	$116K	Sell	12,681 -19,769	-61%	-$185K	﹤0.01%	2479
2013 Q3	$318K	Buy	32,450 +2,000	+7%	+$15.4K	﹤0.01%	2020
2013 Q2	$204K	Buy	+30,450	New	+$316K	﹤0.01%	2185

Other funds holding GOL

Macquarie Group Sydney, NSW 2000, Australia $16.8B AUM 27.39% 1-Year Est. Return

SCM

Shah Capital Management Raleigh, North Carolina $521M AUM 46.95% 1-Year Est. Return

Wellington Management Group Boston, Massachusetts $535B AUM 26.23% 1-Year Est. Return

Renaissance Technologies New York $63.9B AUM 45.56% 1-Year Est. Return

CCM

Contrarian Capital Management Greenwich, Connecticut $357M AUM 18.27% 1-Year Est. Return

Whitebox Advisors Minneapolis, Minnesota $8.12B AUM 15.82% 1-Year Est. Return

UOC

UBS O'Connor Chicago, Illinois $3.38B AUM 63.08% 1-Year Est. Return

Jane Street New York $777B AUM 61.18% 1-Year Est. Return

VanEck Associates New York $133B AUM 72.99% 1-Year Est. Return

Goldman Sachs New York $871B AUM 31.28% 1-Year Est. Return

Bank of Montreal's GOL Position: Q2 2016 in Review

Bank of Montreal sold out of Gol Linhas Aéreas Inteligentes S.A. American Depositary Shares (Each representing Ten Preferred Shares) (GOL) in Q2 2016, closing a stake of 30,000 shares — an estimated $45K sold.

Bank of Montreal first reported a position in GOL in Q2 2013 and held it in 11 quarters. The position peaked at $1.74M in Q3 2014. 22 funds tracked by Wall St. Rank hold GOL as of Q2 2016.

Bank of Montreal reported no remaining Gol Linhas Aéreas Inteligentes S.A. American Depositary Shares (Each representing Ten Preferred Shares) position as of Q2 2016 after selling out during the quarter.
Bank of Montreal sold 30,000 Gol Linhas Aéreas Inteligentes S.A. American Depositary Shares (Each representing Ten Preferred Shares) shares in Q2 2016, an estimated $45K.
Bank of Montreal first reported a position in Gol Linhas Aéreas Inteligentes S.A. American Depositary Shares (Each representing Ten Preferred Shares) in Q2 2013 and held it in 11 quarters.
Bank of Montreal's Gol Linhas Aéreas Inteligentes S.A. American Depositary Shares (Each representing Ten Preferred Shares) position peaked at $1.74M in Q3 2014.
22 funds tracked by Wall St. Rank held Gol Linhas Aéreas Inteligentes S.A. American Depositary Shares (Each representing Ten Preferred Shares) as of Q2 2016.

Based on Bank of Montreal's 13F filing for Q2 2016, filed 25 Jul 2016.