Gol Linhas Aéreas Inteligentes S.A. American Depositary Shares (Each representing Ten Preferred Shares)
GOL was delisted on the 25th of January, 2024.
72 hedge funds and large institutions have $320M invested in Gol Linhas Aéreas Inteligentes S.A. American Depositary Shares (Each representing Ten Preferred Shares) in 2014 Q2 according to their latest regulatory filings, with 20 funds opening new positions, 15 increasing their positions, 26 reducing their positions, and 15 closing their positions.
33% more first-time investments, than exits
New positions opened: 20 | Existing positions closed: 15
30% more call options, than puts
Call options by funds: $5.14M | Put options by funds: $3.95M
25% more capital invested
Capital invested by funds: $256M → $320M (+$64.6M)
6% more funds holding
Funds holding: 68 → 72 (+4)
42% less repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 26
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DCM
Driehaus Capital Management
Chicago,
Illinois
|
+$32M |
| 2 |
BAMCO Inc
New York
|
+$12.9M |
| 3 |
WBC
Westpac Banking Corp
Sydney,
Australia
|
+$10.5M |
| 4 |
Renaissance Technologies
New York
|
+$6.39M |
| 5 |
BNP Paribas Asset Management
Paris,
France
|
+$5.41M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MNA
Manning & Napier Advisors
Fairport,
New York
|
-$8.52M |
| 2 |
Grantham, Mayo, Van Otterloo & Co (GMO)
Boston,
Massachusetts
|
-$8.11M |
| 3 |
IG
ING Group
Amsterdam,
Netherlands
|
-$4.99M |
| 4 |
Wellington Management Group
Boston,
Massachusetts
|
-$3.47M |
| 5 |
THCM
Tipp Hill Capital Management
New York
|
-$2.55M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CC
76
CQS Cayman
Camana Bay, Grand Cayman,
Cayman Islands
| – | -$972K | -100,000 | Closed |
|
|
LOM
77
Loeb Offshore Management
New York
| – | -$486K | -50,000 | Closed |
|
|
MHP
78
Manatuck Hill Partners
Westport,
Connecticut
| – | -$486K | -50,000 | Closed |
|
79
Artisan Partners
Milwaukee,
Wisconsin
| – | -$334K | -34,337 | Closed |
|
|
MP
80
Mangrove Partners
Greenwich,
Connecticut
| – | -$231K | -23,808 | Closed |
|
|
RA
81
Royce & Associates
New York
| – | -$226K | -23,200 | Closed |
|
|
SCM
82
Sterneck Capital Management
Kansas City,
Missouri
| – | -$146K | -15,000 | Closed |
|
83
Creative Planning
Overland Park,
Kansas
| – | -$97K | -10,000 | Closed |
|
|
RCM
84
Rotella Capital Management
Bellevue,
Washington
| – | -$55K | -5,650 | Closed |
|
|
MC
85
Moors & Cabot
Boston,
Massachusetts
| – | -$52K | -5,350 | Closed |
|
|
FNYS
86
First New York Securities
New York
| – | -$36K | -3,750 | Closed |
|
GOL Hedge Fund Activity: Q2 2014 in Review
72 of the 3,479 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 2014, worth a combined $320M — up 25% from $256M a quarter earlier.
Buyers outnumbered sellers: 20 funds opened new GOL positions and 15 closed out — a net gain of 5 holders — while 15 added to existing stakes and 26 trimmed.
The largest buyer was Driehaus Capital Management, opening a new position worth an estimated $32M. The largest seller was Manning & Napier Advisors, cutting an estimated $8.52M.
- 72 institutional investors held Gol Linhas Aéreas Inteligentes S.A. American Depositary Shares (Each representing Ten Preferred Shares) (GOL) as of Q2 2014, up from 68 in Q1 2014.
- Funds reported $320M of Gol Linhas Aéreas Inteligentes S.A. American Depositary Shares (Each representing Ten Preferred Shares) stock for Q2 2014, up 25% quarter-over-quarter.
- 20 funds opened new Gol Linhas Aéreas Inteligentes S.A. American Depositary Shares (Each representing Ten Preferred Shares) positions in Q2 2014 and 15 closed out, a net change of +5 holders.
- The largest Gol Linhas Aéreas Inteligentes S.A. American Depositary Shares (Each representing Ten Preferred Shares) buyer in Q2 2014 was Driehaus Capital Management, an estimated $32M added.
- The largest Gol Linhas Aéreas Inteligentes S.A. American Depositary Shares (Each representing Ten Preferred Shares) seller in Q2 2014 was Manning & Napier Advisors, an estimated $8.52M sold.
Based on aggregated 13F filings for Q2 2014.