Tokio Marine Asset Management’s Telefônica Brasil VIV Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2013 Q4	–	Sell	-9,000	Closed	-$202K	–	534
2013 Q3	$202K	Sell	9,000 -16,700	-65%	-$375K	0.01%	523
2013 Q2	$586K	Buy	+25,700	New	+$586K	0.04%	483