Vivo Participacoes S A (VIV)

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Institutional Investors' Holdings

Filing Period:

No.	Name	Shares	Value	% Port
1.	Artisan Partners Limited Partnership	21,382,760	$161,439,838	0.24%
2.	Robeco Institutional Asset Management B.v.	15,192,635	$114,704,395	0.21%
3.	Blackrock, Inc.	5,210,333	$39,338,013	0%
4.	Macquarie Group Ltd	3,103,901	$23,434,000	0.02%
5.	Brandes Investment Partners, Lp	2,730,834	$20,617,796	0.23%