Nokota Management’s TIM SA TIMB Stock Holding History

Quarter	Market Value	Status	Shares	Shares Change %	Trade Value	Portfolio Weight	Portfolio Position
2015 Q3	–	Sell	-699,500	Closed	-$11.4M	–	66
2015 Q2	$11.4M	Buy	699,500 +225,000	+47%	+$3.68M	0.31%	42
2015 Q1	$7.87M	Buy	474,500 +2,000	+0.4%	+$33.2K	0.22%	48
2014 Q4	$10.5M	Sell	472,500 -52,500	-10%	-$1.17M	0.42%	38
2014 Q3	$13.8M	Buy	525,000 +175,000	+50%	+$4.59M	0.42%	30
2014 Q2	$10.2M	Buy	350,000 +50,000	+17%	+$1.45M	0.36%	33
2014 Q1	$7.79M	Buy	+300,000	New	+$7.79M	0.26%	62