Hansberger Global Investors’s Telefônica Brasil VIV Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2014 Q2	–	Sell	-98,931	Closed	-$2.1M	–	41
2014 Q1	$2.1M	Buy	98,931 +23,541	+31%	+$500K	0.5%	22
2013 Q4	$1.45M	Hold	75,390	–	–	0.32%	29
2013 Q3	$1.69M	Sell	75,390 -2,395	-3%	-$53.8K	0.32%	33
2013 Q2	$1.78M	Buy	+77,785	New	+$1.78M	0.39%	33