Contrarian Capital Management’s Gol Linhas Aéreas Inteligentes S.A. American Depositary Shares (Each representing Ten Preferred Shares) GOL Stock Holding History

Contrarian Capital Management’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
2022 Q1	–	Sell	-792,109	Closed	-$4.79M	–	24
2021 Q4	$4.79M	Hold	792,109	–	–	0.83%	13
2021 Q3	$6.04M	Buy	792,109 +400,000	+102%	+$3.11M	1.08%	13
2021 Q2	$3.62M	Buy	392,109 +22,109	+6%	+$206K	0.54%	18
2021 Q1	$2.83M	Buy	+370,000	New	+$3.08M	0.6%	15
2020 Q4	–	Sell	-949,274	Closed	-$5.79M	–	15
2020 Q3	$5.79M	Sell	949,274 -3,081,234	-76%	-$21.8M	2.47%	6
2020 Q2	$27.3M	Sell	4,030,508 -1,630,551	-29%	-$8.54M	9.61%	4
2020 Q1	$24.2M	Sell	5,661,059 -1,319,799	-19%	-$16.8M	12.67%	3
2019 Q4	$126M	Buy	6,980,858 +602,168	+9%	+$10.2M	15.46%	2
2019 Q3	$98.7M	Sell	6,378,690 -481,137	-7%	-$8.83M	9%	5
2019 Q2	$116M	Sell	6,859,827 -121,031	-2%	-$1.6M	11.01%	4
2019 Q1	$91.1M	Hold	6,980,858	–	–	8.1%	5
2018 Q4	$94.6M	Sell	6,980,858 -17,674	-0.3%	-$179K	8.82%	3
2018 Q3	$38.2M	Buy	6,998,532 +544,089	+8%	+$3.25M	3.36%	12
2018 Q2	$34.5M	Buy	6,454,443 +508,204	+9%	+$4.6M	3.1%	12
2018 Q1	$77.2M	Buy	5,946,239 +143,784	+2%	+$1.6M	7.29%	4
2017 Q4	$50.8M	Buy	5,802,455 +532,902	+10%	+$4.68M	4.96%	6
2017 Q3	$44.6M	Buy	5,269,553 +1,292,218	+32%	+$8.72M	5.47%	7
2017 Q2	$18.1M	Buy	3,977,335 +200,985	+5%	+$1.11M	3.51%	10
2017 Q1	$20M	Buy	3,776,350 +196,635	+5%	+$915K	5.55%	8
2016 Q4	$9.75M	Buy	3,579,715 +678,850	+23%	+$2.5M	2.49%	11
2016 Q3	$11M	Buy	2,900,865 +1,948,115	+204%	+$6.89M	5.23%	7
2016 Q2	$2.02M	Buy	+952,750	New	+$1.44M	1.38%	15
2015 Q2	–	Sell	-1,076,488	Closed	-$5.23M	–	26
2015 Q1	$5.23M	Sell	1,076,488 -531,067	-33%	-$4.13M	1.95%	11
2014 Q4	$18.5M	Buy	+1,607,555	New	+$16.5M	5.85%	5

Other funds holding GOL

USGIU

U.S. Global Investors (USGI) San Antonio, Texas $1.04B AUM 73.31% 1-Year Est. Return

CII

Capital International Inc Los Angeles, California $13B AUM 31.88% 1-Year Est. Return

Capital International Investors Los Angeles, California $427B AUM 29.17% 1-Year Est. Return

Morgan Stanley New York $1.66T AUM 25.57% 1-Year Est. Return

IECM

Intrinsic Edge Capital Management Chicago, Illinois $603M AUM 66.97% 1-Year Est. Return

Citadel Advisors Miami, Florida $618B AUM 30.34% 1-Year Est. Return

Susquehanna International Group Bala Cynwyd, Pennsylvania $893B AUM 36.07% 1-Year Est. Return

Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return

Dimensional Fund Advisors Austin, Texas $481B AUM 30.42% 1-Year Est. Return

SG Americas Securities New York $92.9B AUM 36.98% 1-Year Est. Return

Contrarian Capital Management's GOL Position: Q1 2022 in Review

Contrarian Capital Management sold out of Gol Linhas Aéreas Inteligentes S.A. American Depositary Shares (Each representing Ten Preferred Shares) (GOL) in Q1 2022, closing a stake of 792,109 shares — an estimated $4.79M sold.

Contrarian Capital Management first reported a position in GOL in Q4 2014 and held it in 24 quarters. The position peaked at $126M in Q4 2019. 78 funds tracked by Wall St. Rank hold GOL as of Q1 2022.

Contrarian Capital Management reported no remaining Gol Linhas Aéreas Inteligentes S.A. American Depositary Shares (Each representing Ten Preferred Shares) position as of Q1 2022 after selling out during the quarter.
Contrarian Capital Management sold 792,109 Gol Linhas Aéreas Inteligentes S.A. American Depositary Shares (Each representing Ten Preferred Shares) shares in Q1 2022, an estimated $4.79M.
Contrarian Capital Management first reported a position in Gol Linhas Aéreas Inteligentes S.A. American Depositary Shares (Each representing Ten Preferred Shares) in Q4 2014 and held it in 24 quarters.
Contrarian Capital Management's Gol Linhas Aéreas Inteligentes S.A. American Depositary Shares (Each representing Ten Preferred Shares) position peaked at $126M in Q4 2019.
78 funds tracked by Wall St. Rank held Gol Linhas Aéreas Inteligentes S.A. American Depositary Shares (Each representing Ten Preferred Shares) as of Q1 2022.

Based on Contrarian Capital Management's 13F filing for Q1 2022, filed 16 May 2022.