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

GOL

Market cap $4.35B

GOL Hedge Fund Activity: Q2 2015 in Review

56 of the 3,711 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 Q2 2015, worth a combined $123M — up 25% from $99.1M a quarter earlier.

Sellers outnumbered buyers: 18 funds closed out of GOL and 14 opened new positions — a net loss of 4 holders — while 20 trimmed existing stakes and 13 added.

The largest buyer was Janus Henderson Investors US, opening a new position worth an estimated $21.3M. The largest seller was Bank of New York Mellon, exiting entirely with an estimated $5.77M sold.

• 56 institutional investors held Gol Linhas Aéreas Inteligentes S.A. American Depositary Shares (Each representing Ten Preferred Shares) (GOL) as of Q2 2015, down from 60 in Q1 2015.
• Funds reported $123M of Gol Linhas Aéreas Inteligentes S.A. American Depositary Shares (Each representing Ten Preferred Shares) stock for Q2 2015, up 25% quarter-over-quarter.
• 14 funds opened new Gol Linhas Aéreas Inteligentes S.A. American Depositary Shares (Each representing Ten Preferred Shares) positions in Q2 2015 and 18 closed out, a net change of -4 holders.
• The largest Gol Linhas Aéreas Inteligentes S.A. American Depositary Shares (Each representing Ten Preferred Shares) buyer in Q2 2015 was Janus Henderson Investors US, an estimated $21.3M added.
• The largest Gol Linhas Aéreas Inteligentes S.A. American Depositary Shares (Each representing Ten Preferred Shares) seller in Q2 2015 was Bank of New York Mellon, an estimated $5.77M sold.

Based on aggregated 13F filings for Q2 2015.