Deltec Asset Management’s Telecom Argentina TEO Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2019 Q2	–	Sell	-31,000	Closed	-$453K	–	169
2019 Q1	$453K	Hold	31,000	–	–	0.1%	127
2018 Q4	$482K	Sell	31,000 -11,000	-26%	-$171K	0.13%	106
2018 Q3	$732K	Sell	42,000 -8,500	-17%	-$148K	0.14%	116
2018 Q2	$896K	Sell	50,500 -1,500	-3%	-$26.6K	0.18%	102
2018 Q1	$1.63M	Buy	52,000 +4,500	+9%	+$141K	0.33%	73
2017 Q4	$1.74M	Hold	47,500	–	–	0.35%	67
2017 Q3	$1.47M	Sell	47,500 -7,500	-14%	-$231K	0.3%	82
2017 Q2	$1.39M	Buy	55,000 +23,100	+72%	+$585K	0.29%	83
2017 Q1	$708K	Hold	31,900	–	–	0.14%	112
2016 Q4	$580K	Hold	31,900	–	–	0.14%	110
2016 Q3	$584K	Sell	31,900 -16,100	-34%	-$295K	0.13%	107
2016 Q2	$880K	Sell	48,000 -2,000	-4%	-$36.7K	0.22%	81
2016 Q1	$895K	Hold	50,000	–	–	0.22%	85
2015 Q4	$804K	Hold	50,000	–	–	0.2%	84
2015 Q3	$728K	Hold	50,000	–	–	0.18%	97
2015 Q2	$900K	Hold	50,000	–	–	0.2%	74
2015 Q1	$1.14M	Buy	50,000 +2,000	+4%	+$45.4K	0.25%	68
2014 Q4	$929K	Hold	48,000	–	–	0.2%	68
2014 Q3	$974K	Sell	48,000 -2,300	-5%	-$46.7K	0.22%	73
2014 Q2	$1.19M	Buy	50,300 +9,000	+22%	+$212K	0.25%	72
2014 Q1	$788K	Buy	41,300 +10,000	+32%	+$191K	0.17%	82
2013 Q4	$540K	Hold	31,300	–	–	0.13%	96
2013 Q3	$562K	Hold	31,300	–	–	0.15%	90
2013 Q2	$466K	Buy	+31,300	New	+$466K	0.14%	94