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

GOL

Market cap $4.35B

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.