Gol Linhas Aéreas Inteligentes S.A. American Depositary Shares (Each representing Ten Preferred Shares)
GOL was delisted on the 25th of January, 2024.
27 hedge funds and large institutions have $33.5M invested in Gol Linhas Aéreas Inteligentes S.A. American Depositary Shares (Each representing Ten Preferred Shares) in 2016 Q4 according to their latest regulatory filings, with 10 funds opening new positions, 8 increasing their positions, 5 reducing their positions, and 7 closing their positions.
60% more repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 5
43% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 7
13% more funds holding
Funds holding: 24 → 27 (+3)
23% less capital invested
Capital invested by funds: $43.4M → $33.5M (-$9.9M)
74% less call options, than puts
Call options by funds: $449K | Put options by funds: $1.7M
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCM
Contrarian Capital Management
Greenwich,
Connecticut
|
+$2.5M |
| 2 |
AG
Ashmore Group
London,
United Kingdom
|
+$2.43M |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$540K |
| 4 |
Jane Street
New York
|
+$530K |
| 5 |
VF
Virtu Financial
New York
|
+$462K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Renaissance Technologies
New York
|
-$2.06M |
| 2 |
WA
Whitebox Advisors
Minneapolis,
Minnesota
|
-$778K |
| 3 |
Millennium Management
New York
|
-$776K |
| 4 |
Goldman Sachs
New York
|
-$702K |
| 5 |
BIT
BlackRock Institutional Trust
San Francisco,
California
|
-$609K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
TIM
26
Tortoise Investment Management
White Plains,
New York
| $1K | +$1.66K | +450 | New |
|
|
SIM
27
Sonora Investment Management
Tucson,
Arizona
| $54 | – | – | – |
|
|
WA
28
Whitebox Advisors
Minneapolis,
Minnesota
| – | -$778K | -205,070 | Closed |
|
|
29
Millennium Management
New York
| – | -$776K | -204,770 | Closed |
|
|
30
Goldman Sachs
New York
| – | -$702K | -185,290 | Closed |
|
|
BIT
31
BlackRock Institutional Trust
San Francisco,
California
| – | -$609K | -160,570 | Closed |
|
|
VKH
32
Virtu KCG Holdings
New York
| – | -$297K | -78,410 | Closed |
|
33
Citadel Advisors
Miami,
Florida
| – | -$227K | -59,990 | Closed |
|
|
TRCT
34
Tower Research Capital (TRC)
New York
| – | -$14K | -3,670 | Closed |
|
GOL Hedge Fund Activity: Q4 2016 in Review
27 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Gol Linhas Aéreas Inteligentes S.A. American Depositary Shares (Each representing Ten Preferred Shares) (GOL) for Q4 2016, worth a combined $33.5M — down 23% from $43.4M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new GOL positions and 7 closed out — a net gain of 3 holders — while 8 added to existing stakes and 5 trimmed.
The largest buyer was Contrarian Capital Management, adding an estimated $2.5M. The largest seller was Renaissance Technologies, cutting an estimated $2.06M.
- 27 institutional investors held Gol Linhas Aéreas Inteligentes S.A. American Depositary Shares (Each representing Ten Preferred Shares) (GOL) as of Q4 2016, up from 24 in Q3 2016.
- Funds reported $33.5M of Gol Linhas Aéreas Inteligentes S.A. American Depositary Shares (Each representing Ten Preferred Shares) stock for Q4 2016, down 23% quarter-over-quarter.
- 10 funds opened new Gol Linhas Aéreas Inteligentes S.A. American Depositary Shares (Each representing Ten Preferred Shares) positions in Q4 2016 and 7 closed out, a net change of +3 holders.
- The largest Gol Linhas Aéreas Inteligentes S.A. American Depositary Shares (Each representing Ten Preferred Shares) buyer in Q4 2016 was Contrarian Capital Management, an estimated $2.5M added.
- The largest Gol Linhas Aéreas Inteligentes S.A. American Depositary Shares (Each representing Ten Preferred Shares) seller in Q4 2016 was Renaissance Technologies, an estimated $2.06M sold.
Based on aggregated 13F filings for Q4 2016.