Vivo Participacoes S A (VIV)

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Institutional Investors' Holdings

Filing Period:

No.	Name	Shares	Value	% Port
1.	Robeco Institutional Asset Management B.v.	15,264,157	$174,011,389	0.28%
2.	Blackrock, Inc.	5,749,593	$65,545,355	0%
3.	Brandes Investment Partners, Lp	3,480,597	$39,678,879	0.36%
4.	Macquarie Group Ltd	2,895,585	$33,010,000	0.04%
5.	Standard Life Aberdeen Plc	2,847,740	$32,464,236	0.06%