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

GOL

Market cap $4.35B

GOL Hedge Fund Activity: Q2 2017 in Review

37 of the 4,011 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 2017, worth a combined $54.2M — down 53% from $115M a quarter earlier.

Sellers outnumbered buyers: 14 funds closed out of GOL and 11 opened new positions — a net loss of 3 holders — while 8 trimmed existing stakes and 14 added.

The largest buyer was Morgan Stanley, adding an estimated $2.85M. The largest seller was Credit Agricole, exiting entirely with an estimated $47.2M sold.

• 37 institutional investors held Gol Linhas Aéreas Inteligentes S.A. American Depositary Shares (Each representing Ten Preferred Shares) (GOL) as of Q2 2017, down from 40 in Q1 2017.
• Funds reported $54.2M of Gol Linhas Aéreas Inteligentes S.A. American Depositary Shares (Each representing Ten Preferred Shares) stock for Q2 2017, down 53% quarter-over-quarter.
• 11 funds opened new Gol Linhas Aéreas Inteligentes S.A. American Depositary Shares (Each representing Ten Preferred Shares) positions in Q2 2017 and 14 closed out, a net change of -3 holders.
• The largest Gol Linhas Aéreas Inteligentes S.A. American Depositary Shares (Each representing Ten Preferred Shares) buyer in Q2 2017 was Morgan Stanley, an estimated $2.85M added.
• The largest Gol Linhas Aéreas Inteligentes S.A. American Depositary Shares (Each representing Ten Preferred Shares) seller in Q2 2017 was Credit Agricole, an estimated $47.2M sold.

Based on aggregated 13F filings for Q2 2017.