Itau USA Asset Management’s Santander BSBR Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2014 Q4	–	Sell	-68,924	Closed	-$432K	–	73
2014 Q3	$432K	Sell	68,924 -781,000	-92%	-$4.9M	0.1%	48
2014 Q2	$5.63M	Buy	+849,924	New	+$5.63M	1.51%	23