Oxbow Advisors’s Telefônica Brasil VIV Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2014 Q1	–	Sell	-925,302	Closed	-$17.8M	–	226
2013 Q4	$17.8M	Buy	925,302 +364,757	+65%	+$7.01M	2.51%	7
2013 Q3	$12.6M	Buy	+560,545	New	+$12.6M	2.01%	9