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) 61

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

Sector Weighting

Basic Materials 20.42%
Capital Goods
Conglomerates
Consumer Cyclical 12.29%
Consumer/Non-Cyclical 13.3%
Energy
Financial
Healthcare
Services 40.45%
Technology 13.55%
Transportation 0%
Utilities

13 Positions as of 03/31/2014

Company Class ▲ Value of Shares ($1,000s) Change in Value ($1,000s) Change (%) Shares Held
VALE S A ADR 7,708 3,072 66.27 529,400
COPA HOLDINGS SA CL A -1,148 Sold Out 0
YANDEX N V SHS CLASS A 2,258 1,110 96.74 72,400
FIBRIA CELULOSE S A SP ADR REP COM 997 997 New 98,200
ULTRAPAR PARTICIPACOES S A SP ADR REP COM -1,290 Sold Out 0
COMPANHIA BRASILEIRA DE DISTRB SPN ADR PFD CL A 4,782 421 9.66 96,460
AMERICA MOVIL SAB DE CV SPON ADR A SHS -6,528 Sold Out 0
CHINA TELECOM CORP LTD SPON ADR H SHS -330 Sold Out 0
GERDAU S A SPON ADR REP PFD 3,760 3,760 New 611,400
FOMENTO ECONOMICO MEXICANO SAB SPON ADR UNITS 8,119 -465 (5.42) 80,975
TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADR 6,011 725 13.71 287,740
TATA MTRS LTD SPONSORED ADR 7,503 7,503 New 180,700
VIPSHOP HLDGS LTD SPONSORED ADR 19,909 19,909 New 93,240