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

GOL

Market cap $4.35B

GOL Hedge Fund Activity: Q1 2014 in Review

68 of the 3,462 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 Q1 2014, worth a combined $256M — down 2.7% from $263M a quarter earlier.

Buyers outnumbered sellers: 14 funds opened new GOL positions and 9 closed out — a net gain of 5 holders — while 23 added to existing stakes and 23 trimmed.

The largest buyer was Whitebox Advisors, opening a new position worth an estimated $13.2M. The largest seller was Artisan Partners, cutting an estimated $23.5M.

• 68 institutional investors held Gol Linhas Aéreas Inteligentes S.A. American Depositary Shares (Each representing Ten Preferred Shares) (GOL) as of Q1 2014, up from 65 in Q4 2013.
• Funds reported $256M of Gol Linhas Aéreas Inteligentes S.A. American Depositary Shares (Each representing Ten Preferred Shares) stock for Q1 2014, down 2.7% quarter-over-quarter.
• 14 funds opened new Gol Linhas Aéreas Inteligentes S.A. American Depositary Shares (Each representing Ten Preferred Shares) positions in Q1 2014 and 9 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 Q1 2014 was Whitebox Advisors, an estimated $13.2M added.
• The largest Gol Linhas Aéreas Inteligentes S.A. American Depositary Shares (Each representing Ten Preferred Shares) seller in Q1 2014 was Artisan Partners, an estimated $23.5M sold.

Based on aggregated 13F filings for Q1 2014.