Blue Arrow Capital Management’s TIM SA TIMB Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2015 Q3	–	Sell	-452,471	Closed	-$7.4M	–	117
2015 Q2	$7.4M	Buy	+452,471	New	+$7.4M	0.72%	42