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
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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 S A AMERICAN DEPOSITARY SHARES Stocks 05501U106 12,140 123,706 SH   SOLE   123,706 0 0
BARCLAYS BANK PLC IPATH SERIES B S&P GSCI CRUDE OIL ETN Stocks 06745R693 31,104 128,459 SH   SOLE   128,459 0 0
DIREXION SHS ETF TRUST DIREXION DAILY MSCI BRAZIL BULL 2X SHARES Stocks 25490K315 21,413 32,547 SH   SOLE   32,547 0 0
GENERAL ELECTRIC COMPANY COM Stocks 369604103 16,000 127,040 SH   SOLE   127,040 0 0
ISHARES INC ISHARES MSCI BRAZIL ETF Stocks 464286400 18,728 441,231 SH   SOLE   441,231 0 0
ISHARES GLOBAL TECH ETF Stocks 464287291 7,323 1,335,422 SH   SOLE   1,335,422 0 0
ISHARES RUSSELL 1000 ETF Stocks 464287622 7,767 1,099,263 SH   SOLE   1,099,263 0 0
ISHARES U S TECHNOLOGY ETF Common Stock 464287721 11,976 2,447,774 SH   SOLE   2,447,774 0 0
ISHARES TRUST ISHARES SHORT TREASURY BOND ETF Stocks 464288679 1,400 155,428 SH   SOLE   155,428 0 0
PETROLEO BRASILEIRO SA PETROBRAS SPONSORED ADR Stocks 71654V408 13,997 76,983 SH   SOLE   76,983 0 0
SPDR S&P 500 ETF TRUST Common Stock 78462F103 257,445 66,356,448 SH   SOLE   66,356,448 0 0
SELECT SECTOR SPDR TRUST THE FINANCIAL SELECT SECTOR SPDR FUND Stocks 81369Y605 121,400 2,527,548 SH   SOLE   2,527,548 0 0
SELECT SECTOR SPDR TRUST THE UTILITIES SELECT SECTOR SPDR TRUST Stocks 81369Y886 74,192 4,110,978 SH   SOLE   4,110,978 0 0
TESLA INC COMMON STOCK Stocks 88160R101 2,500 1,310,000 SH   SOLE   1,310,000 0 0
VALE S A SPONSORED ADR Stocks 91912E105 120,669 1,000,346 SH   SOLE   1,000,346 0 0
VANGUARD SHORT TERM INFLATION PROTECTED SECURITIES INDEX FUND Stocks 922020805 3,815 185,866 SH   SOLE   185,866 0 0