VICTORIA 1522 INVESTMENTS, LP Information

244 CALIFORNIA, SUITE 610, SAN FRANCISCO, California, 94111, (415) 228-3233

Report Date: 03/31/2014

Position Statistics

Total Positions 13
New Positions 4
Increased Positions 8
Decreased Positions 5
Positions with Activity 13
Sold Out Positions 4
Total Mkt Value (in $ millions) 59

Institutional Holdings information is filed by major institutions on form 13-F with the Securities and Exchange Commission.

Sector Weighting

Basic Materials 20.74%
Capital Goods
Conglomerates
Consumer Cyclical 12.12%
Consumer/Non-Cyclical 12.97%
Energy
Financial
Healthcare
Services 40.62%
Technology 13.55%
Transportation 0%
Utilities

8 INCREASED Positions as of 03/31/2014

Company Class Value of Shares ($1,000s) ▼ Change in Value ($1,000s) Change (%) Shares Held
VIPSHOP HLDGS LTD SPONSORED ADR 19,165 19,165 New 93,240
VALE S A ADR 7,597 3,028 66.27 529,400
TATA MTRS LTD SPONSORED ADR 7,105 7,105 New 180,700
TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADR 5,755 694 13.71 287,740
COMPANHIA BRASILEIRA DE DISTRB SPN ADR PFD CL A 4,651 410 9.66 96,460
GERDAU S A SPON ADR REP PFD 3,595 3,595 New 611,400
YANDEX N V SHS CLASS A 2,192 1,078 96.74 72,400
FIBRIA CELULOSE S A SP ADR REP COM 968 968 New 98,200