Gol Linhas Aéreas Inteligentes S.A. American Depositary Shares (Each representing Ten Preferred Shares)
GOL was delisted on the 25th of January, 2024.
42 hedge funds and large institutions have $89.7M invested in Gol Linhas Aéreas Inteligentes S.A. American Depositary Shares (Each representing Ten Preferred Shares) in 2018 Q2 according to their latest regulatory filings, with 8 funds opening new positions, 17 increasing their positions, 8 reducing their positions, and 18 closing their positions.
113% more repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 8
21% less funds holding
Funds holding: 53 → 42 (-11)
56% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 18
61% less capital invested
Capital invested by funds: $232M → $89.7M (-$142M)
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
|
+$4.6M |
| 2 |
Invesco
Atlanta,
Georgia
|
+$2.05M |
| 3 |
Renaissance Technologies
New York
|
+$2.04M |
| 4 |
Dimensional Fund Advisors
Austin,
Texas
|
+$1.67M |
| 5 |
USGIU
U.S. Global Investors (USGI)
San Antonio,
Texas
|
+$880K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CGM
Capital Growth Management
Boston,
Massachusetts
|
-$8.7M |
| 2 |
Morgan Stanley
New York
|
-$4.43M |
| 3 |
TG
TCW Group
Los Angeles,
California
|
-$2.91M |
| 4 |
BlackRock
New York
|
-$2.91M |
| 5 |
Millennium Management
New York
|
-$2.53M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
SC
51
Sagil Capital
London,
United Kingdom
| – | -$169K | -13,025 | Closed |
|
52
Bank of Nova Scotia
Toronto,
Ontario, Canada
| – | -$162K | -12,500 | Closed |
|
|
RJA
53
Raymond James & Associates
St Petersburg,
Florida
| – | -$151K | -11,636 | Closed |
|
54
Royal Bank of Canada
Toronto,
Ontario, Canada
| – | -$78K | -6,000 | Closed |
|
|
TRCT
55
Tower Research Capital (TRC)
New York
| – | -$35K | -2,700 | Closed |
|
|
HMS
56
Hanseatic Management Services
Albuquerque,
New Mexico
| – | -$31K | -2,362 | Closed |
|
57
Parallax Volatility Advisers
San Francisco,
California
| – | -$7K | -540 | Closed |
|
|
FGAM
58
Financial Gravity Asset Management
Lakeway,
Texas
| – | +$91 | +10 | +26% |
|
GOL Hedge Fund Activity: Q2 2018 in Review
42 of the 4,368 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 2018, worth a combined $89.7M — down 61% from $232M a quarter earlier.
Sellers outnumbered buyers: 18 funds closed out of GOL and 8 opened new positions — a net loss of 10 holders — while 8 trimmed existing stakes and 17 added.
The largest buyer was Contrarian Capital Management, adding an estimated $4.6M. The largest seller was Capital Growth Management, exiting entirely with an estimated $8.7M sold.
- 42 institutional investors held Gol Linhas Aéreas Inteligentes S.A. American Depositary Shares (Each representing Ten Preferred Shares) (GOL) as of Q2 2018, down from 53 in Q1 2018.
- Funds reported $89.7M of Gol Linhas Aéreas Inteligentes S.A. American Depositary Shares (Each representing Ten Preferred Shares) stock for Q2 2018, down 61% quarter-over-quarter.
- 8 funds opened new Gol Linhas Aéreas Inteligentes S.A. American Depositary Shares (Each representing Ten Preferred Shares) positions in Q2 2018 and 18 closed out, a net change of -10 holders.
- The largest Gol Linhas Aéreas Inteligentes S.A. American Depositary Shares (Each representing Ten Preferred Shares) buyer in Q2 2018 was Contrarian Capital Management, an estimated $4.6M added.
- The largest Gol Linhas Aéreas Inteligentes S.A. American Depositary Shares (Each representing Ten Preferred Shares) seller in Q2 2018 was Capital Growth Management, an estimated $8.7M sold.
Based on aggregated 13F filings for Q2 2018.