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

Trellus Management Company’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
2015 Q3	–	Sell	-65,000	Closed	-$308K	–	110
2015 Q2	$308K	Hold	65,000	–	–	0.35%	68
2015 Q1	$316K	Buy	+65,000	New	+$505K	0.38%	66
2014 Q1	–	Sell	-18,958	Closed	-$173K	–	133
2013 Q4	$173K	Buy	+18,958	New	+$177K	0.21%	83

Other funds holding GOL

Whitebox Advisors Minneapolis, Minnesota $8.12B AUM 15.85% 1-Year Est. Return

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

JHIU

Janus Henderson Investors US Denver, Colorado $122B AUM 18.26% 1-Year Est. Return

EDRAMF

Edmond de Rothschild Asset Management (France) Paris, France $2.3B AUM 15.71% 1-Year Est. Return

EDRH

Edmond de Rothschild Holding Chambesy, Switzerland $6.91B AUM 19.7% 1-Year Est. Return

RFC

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

Carlson Capital Dallas, Texas $318M AUM 27.64% 1-Year Est. Return

BIT

BlackRock Institutional Trust San Francisco, California $675B AUM 16.07% 1-Year Est. Return

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

VanEck Associates New York $133B AUM 72.99% 1-Year Est. Return

Trellus Management Company's GOL Position: Q3 2015 in Review

Trellus Management Company sold out of Gol Linhas Aéreas Inteligentes S.A. American Depositary Shares (Each representing Ten Preferred Shares) (GOL) in Q3 2015, closing a stake of 65,000 shares — an estimated $308K sold.

Trellus Management Company first reported a position in GOL in Q4 2013 and held it in 3 quarters. The position peaked at $316K in Q1 2015. 41 funds tracked by Wall St. Rank hold GOL as of Q3 2015.

Trellus Management Company reported no remaining Gol Linhas Aéreas Inteligentes S.A. American Depositary Shares (Each representing Ten Preferred Shares) position as of Q3 2015 after selling out during the quarter.
Trellus Management Company sold 65,000 Gol Linhas Aéreas Inteligentes S.A. American Depositary Shares (Each representing Ten Preferred Shares) shares in Q3 2015, an estimated $308K.
Trellus Management Company first reported a position in Gol Linhas Aéreas Inteligentes S.A. American Depositary Shares (Each representing Ten Preferred Shares) in Q4 2013 and held it in 3 quarters.
Trellus Management Company's Gol Linhas Aéreas Inteligentes S.A. American Depositary Shares (Each representing Ten Preferred Shares) position peaked at $316K in Q1 2015.
41 funds tracked by Wall St. Rank held Gol Linhas Aéreas Inteligentes S.A. American Depositary Shares (Each representing Ten Preferred Shares) as of Q3 2015.

Based on Trellus Management Company's 13F filing for Q3 2015, filed 14 Oct 2015.