Elliott Management’s TIM SA TIMB Stock Holding History

Elliott Management’s Portfolio TIMB Stock Details TIMB Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2017 Q1	–	Sell	-7,566,070	Closed	-$89.3M	–	83
2016 Q4	$89.3M	Sell	7,566,070 -5,378,860	-42%	-$67.4M	0.67%	33
2016 Q3	$158M	Hold	12,944,930	–	–	1.29%	20
2016 Q2	$137M	Hold	12,944,930	–	–	1.17%	22
2016 Q1	$143M	Hold	12,944,930	–	–	1.5%	17
2015 Q4	$110M	Hold	12,944,930	–	–	1.33%	21
2015 Q3	$122M	Buy	12,944,930 +1,381,420	+12%	+$17.6M	2.34%	9
2015 Q2	$189M	Buy	11,563,510 +3,113,348	+37%	+$49.5M	2.65%	12
2015 Q1	$140M	Buy	8,450,162 +6,943,090	+461%	+$145M	1.72%	16
2014 Q4	$33.5M	Buy	+1,507,072	New	+$35.8M	0.35%	39

Other funds holding TIMB

Canada Pension Plan Investment Board Toronto Ontario, Ontario, Canada $155B AUM 29.93% 1-Year Est. Return

Credit Suisse Zurich, Switzerland $104B AUM 34.76% 1-Year Est. Return

T. Rowe Price Associates Baltimore, Maryland $865B AUM 30.76% 1-Year Est. Return

BIP

Brandes Investment Partners La Jolla, California $14.1B AUM 25.52% 1-Year Est. Return

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

Paulson & Co New York $3.11B AUM 94.93% 1-Year Est. Return

TCG

Tremblant Capital Group West Palm Beach, Florida $3.11B AUM 18.12% 1-Year Est. Return

Axiom Investors Greenwich, Connecticut $8.99B AUM 44.68% 1-Year Est. Return

BlackRock New York $5.72T AUM 30.48% 1-Year Est. Return

Millennium Management New York $240B AUM 35.51% 1-Year Est. Return

Elliott Management's TIMB Position: Q1 2017 in Review

Elliott Management sold out of TIM SA (TIMB) in Q1 2017, closing a stake of 7,566,070 shares — an estimated $89.3M sold.

Elliott Management first reported a position in TIMB in Q4 2014 and held it in 9 quarters. The position peaked at $189M in Q2 2015. 119 funds tracked by Wall St. Rank hold TIMB as of Q1 2017.

Elliott Management reported no remaining TIM SA position as of Q1 2017 after selling out during the quarter.
Elliott Management sold 7,566,070 TIM SA shares in Q1 2017, an estimated $89.3M.
Elliott Management first reported a position in TIM SA in Q4 2014 and held it in 9 quarters.
Elliott Management's TIM SA position peaked at $189M in Q2 2015.
119 funds tracked by Wall St. Rank held TIM SA as of Q1 2017.

Based on Elliott Management's 13F filing for Q1 2017, filed 15 May 2017.