Dark
Light
System
Security
TIM PARTICIPACOES S A
TIM PARTICIPACOES S A. Institutional holdings reported to the SEC.

Institutional Holders (2017Q1)
Portfolio Summary: 122 Institutional holders with a total value of $1,468,576,464.
#
Manager Name
Shares
Value ($)
%
Options
Notes
51 BANCO SANTANDER CENTRAL HISPANO SA 72,300 1,014,000 0.07%
52 ENVESTNET ASSET MANAGEMENT INC 57,918 924,000 0.06%
53 PUTNAM INVESTMENTS LLC 55,200 882,000 0.06%
54 CITADEL ADVISORS LLC 54,357 869,000 0.06%
55 RENAISSANCE TECHNOLOGIES LLC 53,500 855,000 0.06%
56 PEAK6 Group LLC 51,100 817,000 0.06% Call
57 HIGHBRIDGE CAPITAL MANAGEMENT LLC 49,358 789,000 0.05%
58 FOX RUN MANAGEMENT, L.L.C. 43,500 695,000 0.05%
59 Aperio Group, LLC 42,156 674,000 0.05%
60 Karp Capital Management Corp 42,156 674,000 0.05%
61 UBS Group AG 38,445 615,000 0.04%
62 NATIXIS ADVISORS, LLC 37,319 596,000 0.04%
63 OPPENHEIMER ASSET MANAGEMENT INC. 37,000 591,000 0.04%
64 Trexquant Investment LP 36,148 578,000 0.04%
65 Virtu KCG Holdings LLC 33,718 539,000 0.04%
66 GUGGENHEIM CAPITAL LLC 32,333 517,000 0.04%
67 GEODE CAPITAL MANAGEMENT, LLC 30,844 492,000 0.03%
68 SG Americas Securities, LLC 30,069 481,000 0.03%
69 PANAGORA ASSET MANAGEMENT INC 29,831 477,000 0.03%
70 MIGDAL INSURANCE & FINANCIAL HOLDINGS LTD. 29,000 465,000 0.03%
71 ROYAL BANK OF CANADA 29,075 464,000 0.03%
72 Quantbot Technologies LP 29,013 463,000 0.03%
73 COMERICA BANK 28,142 457,000 0.03%
74 Dynamic Technology Lab Private Ltd 27,929 446,000 0.03%
75 NN INVESTMENT PARTNERS HOLDINGS N.V. 25,844 413,000 0.03%
76 Boussard & Gavaudan Investment Management LLP 25,502 405,000 0.03%
77 JANE STREET GROUP, LLC 24,953 399,000 0.03%
78 Daiwa Securities Group Inc. 24,800 396,000 0.03%
79 Mitsubishi UFJ Trust & Banking Corp 23,155 370,000 0.03%
80 CITADEL ADVISORS LLC 21,100 337,000 0.02% Put
81 AXA S.A. 20,609 329,000 0.02%
82 PEAK6 Group LLC 19,600 313,000 0.02% Put
83 KBC Group NV 15,547 248,000 0.02%
84 WOLVERINE TRADING LP /BD 14,100 226,000 0.02% Put
85 FNY PARTNERS FUND LP 13,002 207,000 0.01%
86 CIBC WORLD MARKET INC. 12,650 202,000 0.01%
87 SUSQUEHANNA INTERNATIONAL GROUP, LLP 12,600 201,000 0.01% Call
88 Sumitomo Mitsui Trust Group, Inc. 12,500 200,000 0.01%
89 Grantham, Mayo, Van Otterloo & Co. LLC 11,900 190,000 0.01%
90 Jefferies Group LLC 11,819 189,000 0.01%
91 UNITED SERVICES AUTOMOBILE ASSOCIATION 11,089 177,000 0.01%
92 Cubist Systematic Strategies, LLC 10,700 171,000 0.01%
93 WOLVERINE TRADING LP /BD 10,000 160,000 0.01% Call
94 Global X Management CO LLC 7,653 122,000 0.01%
95 Tower Research Capital LLC (TRC) 7,388 118,000 0.01%
96 HAREL INSURANCE INVESTMENTS & FINANCIAL SERVICES LTD. 5,928 95,000 0.01%
97 Asset Management One Co., Ltd. 4,000 64,000 0.00%
98 Harbour Capital Advisors, LLC 3,904 62,386 0.00%
99 LADENBURG THALMANN FINANCIAL SERVICES INC. 3,918 62,000 0.00%
100 SEVEN EIGHT CAPITAL, LP 3,700 59,000 0.00%
Page 2 of 3

From 2023-01-03 onward, the SEC requires values to be reported in nearest dollars. Earlier filings reported values in thousands; therefore, positions shown as $0 in older filings may represent actual values between $0–$999.