Saturna Capital’s Telefônica Brasil VIV Stock Holding History

Saturna Capital’s Portfolio VIV Stock Details VIV Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2015 Q3	–	Sell	-15,000	Closed	-$209K	–	368
2015 Q2	$209K	Hold	15,000	–	–	0.01%	190
2015 Q1	$229K	Hold	15,000	–	–	0.01%	188
2014 Q4	$265K	Hold	15,000	–	–	0.01%	187
2014 Q3	$295K	Hold	15,000	–	–	0.01%	221
2014 Q2	$308K	Hold	15,000	–	–	0.01%	219
2014 Q1	$319K	Sell	15,000 -50,750	-77%	-$974K	0.01%	192
2013 Q4	$1.26M	Hold	65,750	–	–	0.03%	138
2013 Q3	$1.48M	Hold	65,750	–	–	0.04%	144
2013 Q2	$1.5M	Buy	+65,750	New	+$1.68M	0.04%	144

Other funds holding VIV

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

BIP

Brandes Investment Partners La Jolla, California $14.1B AUM 25.52% 1-Year Est. Return

TIM

Thornburg Investment Management Santa Fe, New Mexico $9.63B AUM 35.65% 1-Year Est. Return

Schroder Investment Management Group London, United Kingdom $122B AUM 29.27% 1-Year Est. Return

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

Bank of America Charlotte, North Carolina $1.37T AUM 24.88% 1-Year Est. Return

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

Pzena Investment Management New York $30.8B AUM 11.29% 1-Year Est. Return

Renaissance Technologies New York $63.9B AUM 45.56% 1-Year Est. Return

Credit Suisse Zurich, Switzerland $104B AUM 34.76% 1-Year Est. Return

Saturna Capital's VIV Position: Q3 2015 in Review

Saturna Capital sold out of Telefônica Brasil (VIV) in Q3 2015, closing a stake of 15,000 shares — an estimated $209K sold.

Saturna Capital first reported a position in VIV in Q2 2013 and held it in 9 quarters. The position peaked at $1.5M in Q2 2013. 171 funds tracked by Wall St. Rank hold VIV as of Q3 2015.

Saturna Capital reported no remaining Telefônica Brasil position as of Q3 2015 after selling out during the quarter.
Saturna Capital sold 15,000 Telefônica Brasil shares in Q3 2015, an estimated $209K.
Saturna Capital first reported a position in Telefônica Brasil in Q2 2013 and held it in 9 quarters.
Saturna Capital's Telefônica Brasil position peaked at $1.5M in Q2 2013.
171 funds tracked by Wall St. Rank held Telefônica Brasil as of Q3 2015.

Based on Saturna Capital's 13F filing for Q3 2015, filed 4 Dec 2015.