Newfoundland Capital Management Buys Oi SA, Kinross Gold Corp, Cemex SAB de CV, Sells Union Acquisition Corp II, Fomento Economico Mexicano SAB de CV, Petroleo Brasileiro SA Petrobras

• New Purchases: OIBZQ, KGC, GPRK, PPC, BG, TV, MAG, ASPCU, ENIA, CCU, ENIC, ITUB, LILA, LILAK, PAAS,
• Added Positions: CX, PAGS, VALE, BBD, VSTA, AZUL, BSMX,
• Reduced Positions: FMX, GDX, AENZ, DESP,
• Sold Out: LATN, PBR, TIMB, LAUR,

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 Brazil ETF (EWZ) - 5,488,600 shares, 30.03% of the total portfolio.
2. iShares Russell 2000 ETF (IWM) - 380,000 shares, 14.15% of the total portfolio.
3. S&P 500 ETF TRUST ETF (SPY) - 174,800 shares, 12.77% of the total portfolio.
4. iShares MSCI Brazil ETF (EWZ) - 1,534,400 shares, 8.39% of the total portfolio.
5. iShares MSCI Chile ETF (ECH) - 1,055,100 shares, 4.67% of the total portfolio.

Newfoundland Capital Management initiated holding in Oi SA. The purchase prices were between $0.89 and $1.53, with an estimated average price of $1.12. The stock is now traded at around $0.830000. The impact to a portfolio due to this purchase was 1.22%. The holding were 7,495,000 shares as of 2021-09-30.

Newfoundland Capital Management initiated holding in Kinross Gold Corp. The purchase prices were between $5.24 and $6.56, with an estimated average price of $6. The stock is now traded at around $6.920000. The impact to a portfolio due to this purchase was 1.21%. The holding were 1,330,410 shares as of 2021-09-30.

Newfoundland Capital Management initiated holding in GeoPark Ltd. The purchase prices were between $10.28 and $13.01, with an estimated average price of $11.66. The stock is now traded at around $13.000000. The impact to a portfolio due to this purchase was 0.68%. The holding were 313,477 shares as of 2021-09-30.

Newfoundland Capital Management initiated holding in Pilgrims Pride Corp. The purchase prices were between $20.5 and $29.55, with an estimated average price of $25.06. The stock is now traded at around $28.900000. The impact to a portfolio due to this purchase was 0.52%. The holding were 186,480 shares as of 2021-09-30.

Newfoundland Capital Management initiated holding in Bunge Ltd. The purchase prices were between $73.59 and $81.32, with an estimated average price of $77.23. The stock is now traded at around $96.265000. The impact to a portfolio due to this purchase was 0.42%. The holding were 30,000 shares as of 2021-09-30.

Newfoundland Capital Management initiated holding in Grupo Televisa SAB. The purchase prices were between $10.98 and $14.47, with an estimated average price of $12.9. The stock is now traded at around $9.930000. The impact to a portfolio due to this purchase was 0.4%. The holding were 213,365 shares as of 2021-09-30.

Newfoundland Capital Management added to a holding in Cemex SAB de CV by 600.42%. The purchase prices were between $7.03 and $8.55, with an estimated average price of $7.9. The stock is now traded at around $6.365000. The impact to a portfolio due to this purchase was 0.74%. The holding were 700,415 shares as of 2021-09-30.

Newfoundland Capital Management added to a holding in PagSeguro Digital Ltd by 479.65%. The purchase prices were between $50.77 and $60.93, with an estimated average price of $56.15. The stock is now traded at around $35.580000. The impact to a portfolio due to this purchase was 0.65%. The holding were 90,032 shares as of 2021-09-30.

Newfoundland Capital Management added to a holding in Vale SA by 45.88%. The purchase prices were between $13.8 and $22.94, with an estimated average price of $19.65. The stock is now traded at around $12.115000. The impact to a portfolio due to this purchase was 0.34%. The holding were 415,577 shares as of 2021-09-30.

Newfoundland Capital Management added to a holding in Bank Bradesco SA by 435.15%. The purchase prices were between $3.61 and $5, with an estimated average price of $4.39. The stock is now traded at around $3.765000. The impact to a portfolio due to this purchase was 0.22%. The holding were 418,380 shares as of 2021-09-30.

Newfoundland Capital Management added to a holding in Azul SA by 28.08%. The purchase prices were between $18.94 and $26.55, with an estimated average price of $21.97. The stock is now traded at around $15.170000. The impact to a portfolio due to this purchase was 0.16%. The holding were 209,818 shares as of 2021-09-30.

Newfoundland Capital Management sold out a holding in Union Acquisition Corp II. The sale prices were between $9.25 and $10.76, with an estimated average price of $10.1.

Newfoundland Capital Management sold out a holding in Petroleo Brasileiro SA Petrobras. The sale prices were between $9.52 and $11.92, with an estimated average price of $10.67.

Newfoundland Capital Management sold out a holding in TIM SA. The sale prices were between $10.66 and $11.9, with an estimated average price of $11.25.

Newfoundland Capital Management sold out a holding in Laureate Education Inc. The sale prices were between $14.44 and $17.74, with an estimated average price of $15.7.