The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
ADVANCED MICRO DEVICES INC CMN COM 007903107 1,450 361,647 SH   SOLE   361,647 0 0
ALTERA CORP CMN COM 021441100 2,565 70,766 SH   SOLE   70,766 0 0
AMBEV S A SPONSORED ADR CMN COM 02319V103 5,156 695,797 SH   SOLE   695,797 0 0
ANHEUSERBUSCH INBEV SA SPONSORED ADR CMN COM 03524A108 7,371 70,000 SH   SOLE   70,000 0 0
APPLE, INC CMN COM 037833100 8,534 15,900 SH   SOLE   15,900 0 0
BANCO BRADESCO SA ADR CMN COM 059460303 9,492 694,351 SH   SOLE   694,351 0 0
BANK OF AMERICA CORP CMN COM 060505104 2,941 171,000 SH   SOLE   171,000 0 0
BOEING COMPANY CMN COM 097023105 2,798 22,300 SH   SOLE   22,300 0 0
BRF SA SPONSORED ADR CMN COM 10552T107 5,101 255,326 SH   SOLE   255,326 0 0
CVS CAREMARK CORPORATION CMN COM 126650100 2,785 37,204 SH   SOLE   37,204 0 0
CAPITAL ONE FINANCIAL CORP CMN COM 14040H105 3,812 49,400 SH   SOLE   49,400 0 0
CITIGROUP INC CMN COM 172967424 6,450 135,503 SH   SOLE   135,503 0 0
DISCOVER FINANCIAL SERVICES CMN COM 254709108 2,729 46,900 SH   SOLE   46,900 0 0
EMC CORPORATION MASS CMN COM 268648102 2,960 108,000 SH   SOLE   108,000 0 0
GNC HOLDINGS INC CMN CLASS A COM 36191G107 1,954 44,400 SH   SOLE   44,400 0 0
GENERAL ELECTRIC CO CMN COM 369604103 5,336 206,100 SH   SOLE   206,100 0 0
GOLDMAN SACHS GROUP, INC(THE) CMN COM 38141G104 5,636 34,396 SH   SOLE   34,396 0 0
INTEL CORPORATION CMN COM 458140100 3,403 131,800 SH   SOLE   131,800 0 0
ITAU UNIBANCO BANCO HLDNG SA SPONSORED ADR CMN COM 465562106 25,444 1,712,251 SH   SOLE   1,712,251 0 0
JPMORGAN CHASE CO CMN COM 46625H100 12,895 212,410 SH   SOLE   212,410 0 0
MERCADOLIBRE INC CMN COM 58733R102 6,372 67,000 SH   SOLE   67,000 0 0
MORGAN STANLEY CMN COM 617446448 6,072 194,790 SH   SOLE   194,790 0 0
THE FINANCIAL SELECT SECTOR SPDR FUND ETF 81369Y605 12,242 548,000 SH   SOLE   548,000 0 0
INDUSTRIAL SELECT SECTOR SPDR 'SPDR' ETF 81369Y704 14,862 284,000 SH   SOLE   284,000 0 0
TEXAS INSTRUMENTS INC CMN COM 882508104 1,942 41,177 SH   SOLE   41,177 0 0
VALE SA ADR SERIES A COM 91912E204 11,867 953,169 SH   SOLE   953,169 0 0
XILINX INCORPORATED CMN COM 983919101 2,372 43,700 SH   SOLE   43,700 0 0
COSAN LIMITED CMN CLASS A COM G25343107 57,925 5,081,107 SH   SOLE   5,081,107 0 0
ABBOTT LABORATORIES COM 002824100 2,925 75,950 SH   SOLE   75,950 0 0
SAP SE SPON ADR 803054204 1,098 13,500 SH   SOLE   13,500 0 0
BAXTER INTL INC COM STK COM 071813109 2,366 32,150 SH   SOLE   32,150 0 0
STRYKER CORP COM COM 863667101 1,943 23,850 SH   SOLE   23,850 0 0
AGILENT TECHNOLOGIES INC COM STK COM 00846U101 1,527 27,300 SH   SOLE   27,300 0 0
PETROLEO BRASIL ADR 71654V408 4,170 317,136 SH   SOLE   317,136 0 0
SYMANTEC CORP COM STK COM 871503108 1,458 73,000 SH   SOLE   73,000 0 0
SODASTREAM INTERNATIONAL LTD USD SHS M9068E105 3,947 89,500 SH   SOLE   89,500 0 0
ORACLE CORP COM STK COM 68389X105 2,121 51,850 SH   SOLE   51,850 0 0
CORPBANCA ADR ADR 21987A209 1,222 69,229 SH   SOLE   69,229 0 0
MEDTRONIC INC COM STK COM 585055106 2,569 41,750 SH   SOLE   41,750 0 0
CEMEX SAB DE CV ADR ADR 151290889 3,284 260,000 SH   SOLE   260,000 0 0
CISCO SYSTEMS INC COM STK COM 17275R102 4,501 200,825 SH   SOLE   200,825 0 0
MICROSOFT CORP COM STK COM 594918104 2,738 66,800 SH   SOLE   66,800 0 0
RED HAT INC COM STK COM 756577102 1,001 18,900 SH   SOLE   18,900 0 0
ZIMMER HOLDINGS INC COM STK COM 98956P102 1,788 18,900 SH   SOLE   18,900 0 0
VALE SA ADR ADR 91912E105 5,283 382,000 SH   SOLE   382,000 0 0
ISHARES MSCI BRAZIL ETF ETF 464286400 3,041 67,519 SH   SOLE   67,519 0 0
VARIAN MED SYS INC COM STK COM 92220P105 1,881 22,400 SH   SOLE   22,400 0 0
GRANA Y MONTERO SA ADR ADR 38500P208 2,788 161,509 SH   SOLE   161,509 0 0
ADR TIM PARTICIPACOES SA COM STK COM 88706P205 2,686 103,470 SH   SOLE   103,470 0 0
AMERICA MOVIL SAB DE CV SPON ADR L SHS 02364W105 3,396 170,800 SH   SOLE   170,800 0 0
INTUIT INC COM 461202103 1,582 20,350 SH   SOLE   20,350 0 0
CITRIX SYS INC COM STK COM 177376100 2,194 38,200 SH   SOLE   38,200 0 0
ADOBE INC COM 00724F101 1,998 30,400 SH   SOLE   30,400 0 0
CADENCE DESIGN SYS INC COM STK COM 127387108 1,407 90,550 SH   SOLE   90,550 0 0
AUTODESK INC COM STK COM 052769106 2,039 41,450 SH   SOLE   41,450 0 0
NXP SEMICONDUCTORS NV COM N6596X109 1,658 28,200 SH   SOLE   28,200 0 0
COVIDIEN PLC SHS G2554F113 1,911 25,950 SH   SOLE   25,950 0 0