OI S.A. American Depositary Shares, each representing five shares of common stock

OIBR.C

OIBR.C Hedge Fund Activity: Q4 2014 in Review

43 of the 3,749 institutional investors tracked by Wall St. Rank reported a position in OI S.A. American Depositary Shares, each representing five shares of common stock (OIBR.C) for Q4 2014, worth a combined $91.6M — down 54% from $199M a quarter earlier.

Sellers outnumbered buyers: 21 funds closed out of OIBR.C and 10 opened new positions — a net loss of 11 holders — while 0 trimmed existing stakes and 33 added.

The largest buyer was Elliott Management, adding an estimated $341M. The largest seller was Citadel Advisors, exiting entirely with an estimated $1.23M sold.

• 43 institutional investors held OI S.A. American Depositary Shares, each representing five shares of common stock (OIBR.C) as of Q4 2014, down from 55 in Q3 2014.
• Funds reported $91.6M of OI S.A. American Depositary Shares, each representing five shares of common stock stock for Q4 2014, down 54% quarter-over-quarter.
• 10 funds opened new OI S.A. American Depositary Shares, each representing five shares of common stock positions in Q4 2014 and 21 closed out, a net change of -11 holders.
• The largest OI S.A. American Depositary Shares, each representing five shares of common stock buyer in Q4 2014 was Elliott Management, an estimated $341M added.
• The largest OI S.A. American Depositary Shares, each representing five shares of common stock seller in Q4 2014 was Citadel Advisors, an estimated $1.23M sold.

Based on aggregated 13F filings for Q4 2014.