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

Nordea Investment Management’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
2013 Q4	–	Sell	-68,556	Closed	-$670K	–	852
2013 Q3	$670K	Sell	68,556 -86,490	-56%	-$666K	﹤0.01%	635
2013 Q2	$1.04M	Buy	+155,046	New	+$1.61M	0.01%	568

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

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

Ashmore Group London, United Kingdom $16.3M AUM 57.83% 1-Year Est. Return

MNA

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

Artisan Partners Milwaukee, Wisconsin $62.3B AUM 26.25% 1-Year Est. Return

GTP

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

RFC

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

State of New Jersey Common Pension Fund D Trenton, New Jersey $29.3B AUM 38.15% 1-Year Est. Return

Deutsche Bank Frankfurt Am Main Ge, Germany $303B AUM 30.15% 1-Year Est. Return

Nordea Investment Management's GOL Position: Q4 2013 in Review

Nordea Investment Management sold out of Gol Linhas Aéreas Inteligentes S.A. American Depositary Shares (Each representing Ten Preferred Shares) (GOL) in Q4 2013, closing a stake of 68,556 shares — an estimated $670K sold.

Nordea Investment Management first reported a position in GOL in Q2 2013 and held it in 2 quarters. The position peaked at $1.04M in Q2 2013. 65 funds tracked by Wall St. Rank hold GOL as of Q4 2013.

Nordea Investment Management reported no remaining Gol Linhas Aéreas Inteligentes S.A. American Depositary Shares (Each representing Ten Preferred Shares) position as of Q4 2013 after selling out during the quarter.
Nordea Investment Management sold 68,556 Gol Linhas Aéreas Inteligentes S.A. American Depositary Shares (Each representing Ten Preferred Shares) shares in Q4 2013, an estimated $670K.
Nordea Investment Management 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 2 quarters.
Nordea Investment Management's Gol Linhas Aéreas Inteligentes S.A. American Depositary Shares (Each representing Ten Preferred Shares) position peaked at $1.04M in Q2 2013.
65 funds tracked by Wall St. Rank held Gol Linhas Aéreas Inteligentes S.A. American Depositary Shares (Each representing Ten Preferred Shares) as of Q4 2013.

Based on Nordea Investment Management's 13F filing for Q4 2013, filed 23 Jan 2014.