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

GOL

Market cap $4.35B

GOL Hedge Fund Activity: Q3 2014 in Review

73 of the 3,446 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 Q3 2014, worth a combined $251M — down 22% from $320M a quarter earlier.

Buyers outnumbered sellers: 18 funds opened new GOL positions and 17 closed out — a net gain of 1 holder — while 29 added to existing stakes and 20 trimmed.

The largest buyer was Bank of New York Mellon, opening a new position worth an estimated $19.7M. The largest seller was Driehaus Capital Management, cutting an estimated $27.2M.

• 73 institutional investors held Gol Linhas Aéreas Inteligentes S.A. American Depositary Shares (Each representing Ten Preferred Shares) (GOL) as of Q3 2014, up from 72 in Q2 2014.
• Funds reported $251M of Gol Linhas Aéreas Inteligentes S.A. American Depositary Shares (Each representing Ten Preferred Shares) stock for Q3 2014, down 22% quarter-over-quarter.
• 18 funds opened new Gol Linhas Aéreas Inteligentes S.A. American Depositary Shares (Each representing Ten Preferred Shares) positions in Q3 2014 and 17 closed out, a net change of +1 holder.
• The largest Gol Linhas Aéreas Inteligentes S.A. American Depositary Shares (Each representing Ten Preferred Shares) buyer in Q3 2014 was Bank of New York Mellon, an estimated $19.7M added.
• The largest Gol Linhas Aéreas Inteligentes S.A. American Depositary Shares (Each representing Ten Preferred Shares) seller in Q3 2014 was Driehaus Capital Management, an estimated $27.2M sold.

Based on aggregated 13F filings for Q3 2014.