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

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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
AZUL SA ADR 05501U106 20,346 734,795 SH   SOLE   734,795 0 0
BANCO MACRO BANSUD S A SPON ADR B SPON ADR B 05961W105 1,149 25,986 SH   SOLE   25,986 0 0
WESTLAKE CHEM COM 960413102 2,127 32,147 SH   SOLE   32,147 0 0
KEYCORP NY COM STK COM 493267108 5,173 350,000 SH   SOLE   350,000 0 0
CENTRAIS ELETRICAS BRASILEIRAS ADR ADR 15234Q207 1,540 242,598 SH   SOLE   242,598 0 0
GRUPO TELEVISA SA ADR ADR 40049J206 2,491 198,000 SH   SOLE   198,000 0 0
ULTRAPAR PARTICIPACOES SA ADR ADR 90400P101 1,935 142,938 SH   SOLE   142,938 0 0
IRSA PROPIEDADES COMERCIADR ADR 463588103 2,062 114,343 SH   SOLE   114,343 0 0
ARCELORMITTAL ADR ADR 03938L203 3,371 163,078 SH   SOLE   163,078 0 0
DD3 ACQUISITION CORP UNIT 10/12/2023 G2692M129 3,006 300,000 SH   SOLE   300,000 0 0
BANCO SANTANDER MEXICO ADR ADR 05969B103 1,095 177,700 SH   SOLE   177,700 0 0
CROWN HOLDINGS INC COM STK COM 228368106 14,904 358,525 SH   SOLE   358,525 0 0
CATERPILLAR INC COM 149123101 10,166 80,000 SH   SOLE   80,000 0 0
EBAY INC COM STK COM 278642103 30,312 1,079,857 SH   SOLE   1,079,857 0 0
BANK OF AMERICA CORP COM STK COM 060505104 2,039 82,751 SH   SOLE   82,751 0 0
CITIGROUP INC COM STK COM 172967424 3,057 58,725 SH   SOLE   58,725 0 0
DESPEGARCOM CORP COM STK COM G27358103 1,241 100,000 SH   SOLE   100,000 0 0
PETROLEO BRASIL SPONSORED ADR 71654V408 1,501 115,394 SH   SOLE   115,394 0 0
PETROLEO BRASILEIRO SA PETROBR ADR SP ADR NON VTG 71654V101 10,715 924,527 SH   SOLE   924,527 0 0
COMPANHIA DE BEBIDAS DAS AMERICAS AMBEV SPONSORED ADR 02319V103 7,464 1,904,063 SH   SOLE   1,904,063 0 0
BANCO SANTANDER CEN SPON ADR SPONSORED ADR 05964H105 7,179 1,602,434 SH   SOLE   1,602,434 0 0
DOWDUPONT INC COM 26078J100 13,564 253,628 SH   SOLE   253,628 0 0
ROYAL DUTCH SHELL PLC ADR ADR 780259206 11,885 203,964 SH   SOLE   203,964 0 0
BANCO BRADESCO SA BRAD ADR ADR 059460303 33,673 3,404,758 SH   SOLE   3,404,758 0 0
ITAU UNIBANCO HLDNG SA ADR 465562106 9,049 990,023 SH   SOLE   990,023 0 0
VALE SA ADR ADR 91912E105 3,900 295,660 SH   SOLE   295,660 0 0
ARAMARK COM STK COM 03852U106 36,065 1,244,922 SH   SOLE   1,244,922 0 0
ENEL CHILE SA SPONSORED ADR 29278D105 2,676 540,700 SH   SOLE   540,700 0 0
CITIZENS FINANCIAL GROUP INC COM STK COM 174610105 23,447 788,671 SH   SOLE   788,671 0 0
GRUPO AEROPORTUARIO DEL SUREST ADR ADR 40051E202 1,319 8,756 SH   SOLE   8,756 0 0
COMPANHIA BRASILEIRA DE DISTRIBUIACAO SPN ADR PFD CL A 20440T201 21,346 1,027,754 SH   SOLE   1,027,754 0 0
CENTRAL PUERTO SPONSORED ADR 155038201 2,161 234,900 SH   SOLE   234,900 0 0
CALL SPY 100 @ 254 EXP 01112019 CALL 99O094330 3,450 14,000 SH   SOLE   14,000 0 0
SPDR SP 500 ETF TRUST TR UNIT 78462F103 30,115 120,500 SH   SOLE   120,500 0 0
LOMA NGR ARG SCD SPONSORED ADS 54150E104 4,449 399,700 SH   SOLE   399,700 0 0
JOHNSON JOHNSON COM COM 478160104 10,328 80,029 SH   SOLE   80,029 0 0
CIA ENERGETICA DE MINAS GERAIS ADR ADR 204409601 1,056 296,678 SH   SOLE   296,678 0 0
FINANCIAL SELECT SECTOR SPDR SBI MATERIALS 81369Y605 7,703 323,400 SH   SOLE   323,400 0 0
FIAT CHRYSLER AUTOMOBILES NV COM COM N31738102 2,820 195,000 SH   SOLE   195,000 0 0
ISHARES MSCI BRAZIL ETF ETF 464286400 3,525 92,289 SH   SOLE   92,289 0 0