Gol Linhas Aéreas Inteligentes S.A. American Depositary Shares (Each representing Ten Preferred Shares)
GOL was delisted on the 25th of January, 2024.
73 hedge funds and large institutions have $325M invested in Gol Linhas Aéreas Inteligentes S.A. American Depositary Shares (Each representing Ten Preferred Shares) in 2019 Q2 according to their latest regulatory filings, with 17 funds opening new positions, 23 increasing their positions, 24 reducing their positions, and 31 closing their positions.
13% more capital invested
Capital invested by funds: $289M → $325M (+$36.5M)
3% more call options, than puts
Call options by funds: $606K | Put options by funds: $590K
4% less repeat investments, than reductions
Existing positions increased: 23 | Existing positions reduced: 24
16% less funds holding
Funds holding: 87 → 73 (-14)
45% less first-time investments, than exits
New positions opened: 17 | Existing positions closed: 31
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Two Sigma Investments
New York
|
+$5.54M |
| 2 |
Morgan Stanley
New York
|
+$5.18M |
| 3 |
Two Sigma Advisers
New York
|
+$5M |
| 4 |
IUHSA
Itau Unibanco Holding S.A.
Sao Paulo,
Brazil
|
+$2.96M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$2.73M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LM
Luminus Management
Houston,
Texas
|
-$14.7M |
| 2 |
CGM
Capital Growth Management
Boston,
Massachusetts
|
-$5.74M |
| 3 |
LCM
Laurion Capital Management
New York
|
-$4.71M |
| 4 |
Millennium Management
New York
|
-$4.45M |
| 5 |
AIM
Assured Investment Management
New York
|
-$3.26M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CAM
101
Cresset Asset Management
Chicago,
Illinois
| – | -$1K | -105 | Closed |
|
102
Deutsche Bank
Frankfurt Am Main Ge,
Germany
| – | -$1K | -100 | Closed |
|
|
PCG
103
Private Capital Group
West Hartford,
Connecticut
| – | -$1K | -40 | Closed |
|
GOL Hedge Fund Activity: Q2 2019 in Review
73 of the 4,604 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 2019, worth a combined $325M — up 13% from $289M a quarter earlier.
Sellers outnumbered buyers: 31 funds closed out of GOL and 17 opened new positions — a net loss of 14 holders — while 24 trimmed existing stakes and 23 added.
The largest buyer was Two Sigma Investments, adding an estimated $5.54M. The largest seller was Luminus Management, exiting entirely with an estimated $14.7M sold.
- 73 institutional investors held Gol Linhas Aéreas Inteligentes S.A. American Depositary Shares (Each representing Ten Preferred Shares) (GOL) as of Q2 2019, down from 87 in Q1 2019.
- Funds reported $325M of Gol Linhas Aéreas Inteligentes S.A. American Depositary Shares (Each representing Ten Preferred Shares) stock for Q2 2019, up 13% quarter-over-quarter.
- 17 funds opened new Gol Linhas Aéreas Inteligentes S.A. American Depositary Shares (Each representing Ten Preferred Shares) positions in Q2 2019 and 31 closed out, a net change of -14 holders.
- The largest Gol Linhas Aéreas Inteligentes S.A. American Depositary Shares (Each representing Ten Preferred Shares) buyer in Q2 2019 was Two Sigma Investments, an estimated $5.54M added.
- The largest Gol Linhas Aéreas Inteligentes S.A. American Depositary Shares (Each representing Ten Preferred Shares) seller in Q2 2019 was Luminus Management, an estimated $14.7M sold.
Based on aggregated 13F filings for Q2 2019.