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

GOL

Market cap $4.35B

GOL Hedge Fund Activity: Q4 2013 in Review

65 of the 3,445 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 Q4 2013, worth a combined $263M — up 15% from $229M a quarter earlier.

Sellers outnumbered buyers: 17 funds closed out of GOL and 12 opened new positions — a net loss of 5 holders — while 25 trimmed existing stakes and 18 added.

The largest buyer was Artisan Partners, opening a new position worth an estimated $24.6M. The largest seller was Wellington Management Group, cutting an estimated $7.34M.

• 65 institutional investors held Gol Linhas Aéreas Inteligentes S.A. American Depositary Shares (Each representing Ten Preferred Shares) (GOL) as of Q4 2013, down from 70 in Q3 2013.
• Funds reported $263M of Gol Linhas Aéreas Inteligentes S.A. American Depositary Shares (Each representing Ten Preferred Shares) stock for Q4 2013, up 15% quarter-over-quarter.
• 12 funds opened new Gol Linhas Aéreas Inteligentes S.A. American Depositary Shares (Each representing Ten Preferred Shares) positions in Q4 2013 and 17 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 Q4 2013 was Artisan Partners, an estimated $24.6M added.
• The largest Gol Linhas Aéreas Inteligentes S.A. American Depositary Shares (Each representing Ten Preferred Shares) seller in Q4 2013 was Wellington Management Group, an estimated $7.34M sold.

Based on aggregated 13F filings for Q4 2013.