Gol Linhas Aéreas Inteligentes S.A. American Depositary Shares (Each representing Ten Preferred Shares)

GOL

Market cap $4.35B

GOL Hedge Fund Activity: Q1 2015 in Review

60 of the 3,752 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 Q1 2015, worth a combined $99.1M — down 66% from $289M a quarter earlier.

Sellers outnumbered buyers: 20 funds closed out of GOL and 14 opened new positions — a net loss of 6 holders — while 20 trimmed existing stakes and 17 added.

The largest buyer was Whitebox Advisors, adding an estimated $15.5M. The largest seller was Wellington Management Group, exiting entirely with an estimated $31.8M sold.

• 60 institutional investors held Gol Linhas Aéreas Inteligentes S.A. American Depositary Shares (Each representing Ten Preferred Shares) (GOL) as of Q1 2015, down from 66 in Q4 2014.
• Funds reported $99.1M of Gol Linhas Aéreas Inteligentes S.A. American Depositary Shares (Each representing Ten Preferred Shares) stock for Q1 2015, down 66% quarter-over-quarter.
• 14 funds opened new Gol Linhas Aéreas Inteligentes S.A. American Depositary Shares (Each representing Ten Preferred Shares) positions in Q1 2015 and 20 closed out, a net change of -6 holders.
• The largest Gol Linhas Aéreas Inteligentes S.A. American Depositary Shares (Each representing Ten Preferred Shares) buyer in Q1 2015 was Whitebox Advisors, an estimated $15.5M added.
• The largest Gol Linhas Aéreas Inteligentes S.A. American Depositary Shares (Each representing Ten Preferred Shares) seller in Q1 2015 was Wellington Management Group, an estimated $31.8M sold.

Based on aggregated 13F filings for Q1 2015.