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

GOL

Market cap $4.35B

GOL Hedge Fund Activity: Q3 2017 in Review

41 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 Q3 2017, worth a combined $137M — up 153% from $54.2M a quarter earlier.

Buyers outnumbered sellers: 12 funds opened new GOL positions and 7 closed out — a net gain of 5 holders — while 15 added to existing stakes and 9 trimmed.

The largest buyer was Contrarian Capital Management, adding an estimated $8.72M. The largest seller was Jane Street, exiting entirely with an estimated $1.11M sold.

• 41 institutional investors held Gol Linhas Aéreas Inteligentes S.A. American Depositary Shares (Each representing Ten Preferred Shares) (GOL) as of Q3 2017, up from 37 in Q2 2017.
• Funds reported $137M of Gol Linhas Aéreas Inteligentes S.A. American Depositary Shares (Each representing Ten Preferred Shares) stock for Q3 2017, up 153% quarter-over-quarter.
• 12 funds opened new Gol Linhas Aéreas Inteligentes S.A. American Depositary Shares (Each representing Ten Preferred Shares) positions in Q3 2017 and 7 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 Q3 2017 was Contrarian Capital Management, an estimated $8.72M added.
• The largest Gol Linhas Aéreas Inteligentes S.A. American Depositary Shares (Each representing Ten Preferred Shares) seller in Q3 2017 was Jane Street, an estimated $1.11M sold.

Based on aggregated 13F filings for Q3 2017.