Newfoundland Capital Management Buys LATAM Airlines Group SA, Sociedad Quimica Y Minera De Chile SA, iShares MSCI Brazil Capped ETF, Sells Empresa Distribuidora y Comercializadora Norte SA, Avon Products Inc, Enel Americas SA

• New Purchases: BSMX, GGB, EWW, KOF, CPL, SID, PSMT, UGP, GGAL, TGS,
• Added Positions: LTM, SQM, EWZ, GRAM, 9IFA,
• Reduced Positions: AVP, CRESY, CCU, AVAL, ARCO, AFYA, GPL, ESTR,
• Sold Out: EDN, ENIA, TSU, BVN, TSN, BBD, CPA, OMAB, VALE, ABEV, DESP, ITUB, LOMA, ELP, PAAS, BBAR, EEM, CAAP, VLRS, SBS, ENIC,

For the details of Newfoundland Capital Management's stock buys and sells, go to https://www.gurufocus.com/guru/newfoundland+capital+management/current-portfolio/portfolio

1. iShares MSCI Mexico Capped ETF (EWW) - 3,583,800 shares, 27.08% of the total portfolio.
2. Arcos Dorados Holdings Inc (ARCO) - 12,500,000 shares, 16.99% of the total portfolio.
3. iShares Russell 2000 ETF (IWM) - 270,000 shares, 7.51% of the total portfolio.
4. iShares MSCI Brazil Capped ETF (EWZ) - 898,600 shares, 7.16% of the total portfolio.
5. SPDR S&P 500 ETF Trust (SPY) - 100,000 shares, 5.40% of the total portfolio.

Newfoundland Capital Management initiated holding in Banco Santander Mexico SA. The purchase prices were between $6.18 and $7.19, with an estimated average price of $6.65. The stock is now traded at around $7.36. The impact to a portfolio due to this purchase was 0.17%. The holding were 146,524 shares as of .

Newfoundland Capital Management initiated holding in Gerdau SA. The purchase prices were between $3 and $4.91, with an estimated average price of $3.78. The stock is now traded at around $5.22. The impact to a portfolio due to this purchase was 0.16%. The holding were 200,000 shares as of .

Newfoundland Capital Management initiated holding in iShares MSCI Mexico Capped ETF. The purchase prices were between $41.36 and $46.31, with an estimated average price of $44.06. The stock is now traded at around $47.03. The impact to a portfolio due to this purchase was 0.1%. The holding were 13,100 shares as of .

Newfoundland Capital Management initiated holding in Coca-Cola Femsa SAB de CV. The purchase prices were between $54.98 and $61.98, with an estimated average price of $58.8. The stock is now traded at around $63.14. The impact to a portfolio due to this purchase was 0.08%. The holding were 7,847 shares as of .

Newfoundland Capital Management initiated holding in CPFL Energia SA. The purchase prices were between $14.78 and $17.57, with an estimated average price of $15.88. The stock is now traded at around $17.81. The impact to a portfolio due to this purchase was 0.07%. The holding were 23,087 shares as of .

Newfoundland Capital Management initiated holding in Companhia Siderurgica Nacional. The purchase prices were between $2.7 and $3.55, with an estimated average price of $3.11. The stock is now traded at around $3.66. The impact to a portfolio due to this purchase was 0.05%. The holding were 83,200 shares as of .

Newfoundland Capital Management added to a holding in LATAM Airlines Group SA by 635.15%. The purchase prices were between $10.11 and $12, with an estimated average price of $11.17. The stock is now traded at around $8.66. The impact to a portfolio due to this purchase was 1.56%. The holding were 1,063,384 shares as of .

Newfoundland Capital Management added to a holding in Sociedad Quimica Y Minera De Chile SA by 629.23%. The purchase prices were between $23.19 and $28.73, with an estimated average price of $26.31. The stock is now traded at around $29.08. The impact to a portfolio due to this purchase was 1.55%. The holding were 401,077 shares as of .

Newfoundland Capital Management added to a holding in iShares MSCI Brazil Capped ETF by 343.93%. The purchase prices were between $39.99 and $47.59, with an estimated average price of $43.28. The stock is now traded at around $46.32. The impact to a portfolio due to this purchase was 0.55%. The holding were 89,000 shares as of .

Newfoundland Capital Management added to a holding in Grana y Montero SAA by 137.13%. The purchase prices were between $1.86 and $2.56, with an estimated average price of $2.24. The stock is now traded at around $2.30. The impact to a portfolio due to this purchase was 0.37%. The holding were 1,533,063 shares as of .

Newfoundland Capital Management sold out a holding in Empresa Distribuidora y Comercializadora Norte SA. The sale prices were between $4.25 and $7.21, with an estimated average price of $5.7.

Newfoundland Capital Management sold out a holding in Enel Americas SA. The sale prices were between $9.2 and $11.02, with an estimated average price of $9.92.

Newfoundland Capital Management sold out a holding in Tim Participacoes SA. The sale prices were between $13.53 and $19.28, with an estimated average price of $15.83.

Newfoundland Capital Management sold out a holding in Buenaventura Mining Co Inc. The sale prices were between $13.8 and $15.72, with an estimated average price of $14.84.

Newfoundland Capital Management sold out a holding in Tyson Foods Inc. The sale prices were between $77.5 and $91.42, with an estimated average price of $86.17.

Newfoundland Capital Management sold out a holding in Bank Bradesco SA. The sale prices were between $7.77 and $9.18, with an estimated average price of $8.34.

Newfoundland Capital Management reduced to a holding in Avon Products Inc by 95.36%. The sale prices were between $4.1 and $5.79, with an estimated average price of $4.66. The stock is now traded at around $5.60. The impact to a portfolio due to this sale was -1.93%. Newfoundland Capital Management still held 124,515 shares as of .

Newfoundland Capital Management reduced to a holding in Cresud SACIF y A by 63.76%. The sale prices were between $4.09 and $7.66, with an estimated average price of $5.41. The stock is now traded at around $6.04. The impact to a portfolio due to this sale was -0.99%. Newfoundland Capital Management still held 575,977 shares as of .

Newfoundland Capital Management reduced to a holding in United Breweries Co Inc by 31.9%. The sale prices were between $17.98 and $22.37, with an estimated average price of $19.79. The stock is now traded at around $18.26. The impact to a portfolio due to this sale was -0.65%. Newfoundland Capital Management still held 367,522 shares as of .

Newfoundland Capital Management reduced to a holding in Grupo Aval Acciones y Valores SA by 41.13%. The sale prices were between $7.36 and $8.77, with an estimated average price of $8.08. The stock is now traded at around $8.67. The impact to a portfolio due to this sale was -0.45%. Newfoundland Capital Management still held 508,786 shares as of .

Newfoundland Capital Management reduced to a holding in Arcos Dorados Holdings Inc by 68.94%. The sale prices were between $6.45 and $8.3, with an estimated average price of $7.44. The stock is now traded at around $7.76. The impact to a portfolio due to this sale was -0.36%. Newfoundland Capital Management still held 140,759 shares as of .

Newfoundland Capital Management reduced to a holding in Estre Ambiental Inc by 48.49%. The sale prices were between $0.17 and $0.45, with an estimated average price of $0.27. The stock is now traded at around $0.30. The impact to a portfolio due to this sale was less than 0.01%. Newfoundland Capital Management still held 48,073 shares as of .