Fore Research & 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 Q4	–	Sell	-457,817	Closed	-$4.33M	–	31
2015 Q3	$4.33M	Sell	457,817 -204,833	-31%	-$1.94M	0.18%	12
2015 Q2	$10.8M	Buy	+662,650	New	+$10.8M	0.32%	12