Telefonica Brasil S.A.

ACADIAN ASSET MANAGEMENT LLC VIV

Report date

6/30/2014

Quarter

2014 Q2

Filed

7/21/2014

Shares

4,614,542

Value ($000)

94,644

Weight

0.5%

2013 Q4 - 2014 Q2 (3 filings)

Shares History

History scope: non-option holdings only (PUT/CALL rows excluded).

All 13F Holders	Filing date	Value ($000s)	% of Holdings	Shares	Reporting period
2014 Q2	7/21/2014	94,644	0.5%	4,614,542	6/30/2014
2014 Q1	4/22/2014	87,600	0.5%	4,124,326	3/31/2014
2013 Q4	1/22/2014	77,764	0.4%	4,045,944	12/31/2013