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

ING Group’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
2014 Q2	–	Sell	-513,227	Closed	-$4.99M	–	697
2014 Q1	$4.99M	Buy	513,227 +478,216	+1,366%	+$4.32M	0.03%	365
2013 Q4	$320K	Buy	35,011 +15,080	+76%	+$141K	﹤0.01%	621
2013 Q3	$195K	Sell	19,931 -3	-0%	-$23	﹤0.01%	695
2013 Q2	$133K	Buy	+19,934	New	+$207K	﹤0.01%	695

Other funds holding GOL

Wellington Management Group Boston, Massachusetts $535B AUM 26.23% 1-Year Est. Return

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

MNA

Manning & Napier Advisors Fairport, New York $7.09B AUM 17.35% 1-Year Est. Return

DCM

Driehaus Capital Management Chicago, Illinois $13.6B AUM 173.98% 1-Year Est. Return

Grantham, Mayo, Van Otterloo & Co (GMO) Boston, Massachusetts $39.1B AUM 28.69% 1-Year Est. Return

GTP

Global Thematic Partners New York $120M AUM 25.18% 1-Year Est. Return

Whitebox Advisors Minneapolis, Minnesota $8.12B AUM 15.85% 1-Year Est. Return

BAMCO Inc New York $33.1B AUM 11.16% 1-Year Est. Return

WBC

Westpac Banking Corp Sydney, Australia $1.44B AUM 28.5% 1-Year Est. Return

RFC

Russell Frank Company Seattle, Washington $56.9B AUM 2.13% 1-Year Est. Return

ING Group's GOL Position: Q2 2014 in Review

ING Group sold out of Gol Linhas Aéreas Inteligentes S.A. American Depositary Shares (Each representing Ten Preferred Shares) (GOL) in Q2 2014, closing a stake of 513,227 shares — an estimated $4.99M sold.

ING Group first reported a position in GOL in Q2 2013 and held it in 4 quarters. The position peaked at $4.99M in Q1 2014. 72 funds tracked by Wall St. Rank hold GOL as of Q2 2014.

ING Group reported no remaining Gol Linhas Aéreas Inteligentes S.A. American Depositary Shares (Each representing Ten Preferred Shares) position as of Q2 2014 after selling out during the quarter.
ING Group sold 513,227 Gol Linhas Aéreas Inteligentes S.A. American Depositary Shares (Each representing Ten Preferred Shares) shares in Q2 2014, an estimated $4.99M.
ING Group first reported a position in Gol Linhas Aéreas Inteligentes S.A. American Depositary Shares (Each representing Ten Preferred Shares) in Q2 2013 and held it in 4 quarters.
ING Group's Gol Linhas Aéreas Inteligentes S.A. American Depositary Shares (Each representing Ten Preferred Shares) position peaked at $4.99M in Q1 2014.
72 funds tracked by Wall St. Rank held Gol Linhas Aéreas Inteligentes S.A. American Depositary Shares (Each representing Ten Preferred Shares) as of Q2 2014.

Based on ING Group's 13F filing for Q2 2014, filed 14 Aug 2014.