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
PAGSEGURO DIGITAL LTD-CL A COM CL A G68707101 25,584,854 457,526 SH   SOLE   457,526 0 0
BP PLC SPONSORED ADR 055622104 6,023,760 228,000 SH   SOLE   228,000 0 0
ISHARES MSCI MEXICO ETF MSCI MEXICO ETF 464286822 76,168,096 1,587,166 SH   SOLE   1,587,166 0 0
TIM SA-ADR SPONSORED ADR 88706T108 6,984,449 606,289 SH   SOLE   606,289 0 0
ITIQUIRA ACQUISITION CORP UNIT 02/03/2026 G49773123 20,020,000 2,000,000 SH   SOLE   2,000,000 0 0
MERCADOLIBRE INC COM 58733R102 85,293,676 54,753 SH   SOLE   54,753 0 0
NATURA &CO HOLDING-ADR ADS 63884N108 18,285,508 805,884 SH   SOLE   805,884 0 0
FINANCIAL SPDR FINANCIAL 81369Y605 132,722,920 3,617,414 SH   SOLE   3,617,414 0 0
ISHARES RUSSELL 1000 VALUE ETF RUS 1000 VAL ETF 464287598 3,997,224 25,200 SH   SOLE   25,200 0 0
ISHARES MSCI EMERGING MARKETS ETF MSCI EMG MKT ETF 464287234 34,027,550 617,000 SH   SOLE   617,000 0 0
ISHR DJ REAL EST U.S. REAL ES ETF 464287739 33,844,080 332,000 SH   SOLE   332,000 0 0
ROYAL DUTCH SHELL B ADR SPON ADR B 780259107 17,434,670 449,000 SH   SOLE   449,000 0 0
EMBRAER SA SPONSORED ADS 29082A107 43,263,322 2,857,551 SH   SOLE   2,857,551 0 0
GERDAU SA SPON ADR REP PFD 373737105 3,657,410 619,900 SH   SOLE   619,900 0 0
ENERGY SPDR ENERGY 81369Y506 11,635,920 216,000 SH   SOLE   216,000 0 0
CALL- SPY 100 @ 435 EXP 07/16/2021 CALL 99O8LZQC5 1,132,500 15,000 SH Call SOLE   15,000 0 0
CALL- FXI 100 @ 47 EXP 07/16/2021 CALL 99O81S3Y0 210,000 5,000 SH Call SOLE   5,000 0 0
VALE SA SP ADR SPONSORED ADS 91912E105 26,497,191 1,161,648 SH   SOLE   1,161,648 0 0
UTILITIES SPDR SBI INT-UTILS 81369Y886 86,460,892 1,367,403 SH   SOLE   1,367,403 0 0
CALL- XLE 100 @ 57 EXP 07/16/2021 CALL 99OB00424 533,600 20,000 SH Call SOLE   20,000 0 0
SENDAS DISTRIBUIDORA SA-W/I SPON ADS 81689T104 24,417,996 1,427,953 SH   SOLE   1,427,953 0 0
BAIDU INC SPON ADR REP A 056752108 1,611,626 7,904 SH   SOLE   7,904 0 0
ITAU UNIBANCO HOLDING SA SPON ADR REP PFD 465562106 646,832 107,626 SH   SOLE   107,626 0 0
STREETTRACKS SPDR OIL & GAS EXPLORATION S&P OILGAS EXP 78468R556 11,941,215 123,500 SH   SOLE   123,500 0 0
BANCO BRADESCO SP ADR PFD NEW 059460303 19,651,070 3,830,618 SH   SOLE   3,830,618 0 0
ISHARES MSCI BRAZIL ETF MSCI BRAZIL ETF 464286400 42,738,200 1,054,223 SH   SOLE   1,054,223 0 0
SONY GROUP CORP SPONSORED ADR 835699307 18,996,788 195,400 SH   SOLE   195,400 0 0
PETROLEO BRASILEIRO ADR COM CL A 71654V408 69,271 5,664 SH   SOLE   5,664 0 0
WALDENCAST ACQUISITION CORP UNIT 03/11/2026 G9460C126 18,358,291 1,786,695 SH   SOLE   1,786,695 0 0
PETROLEO BRASILEIRO SA PETRO SP ADR NON VTG 71654V101 584,264 49,472 SH   SOLE   49,472 0 0
LPL FINANCIAL HOLDINGS INC COM 50212V100 13,545,243 100,350 SH   SOLE   100,350 0 0
COSAN SA -ADR -W/I ADS 22113B103 190,238 10,002 SH   SOLE   10,002 0 0
VASTA PLATFORM LTD CL A G9440A109 2,500,952 307,999 SH   SOLE   307,999 0 0
BANCO SANTANDER ADS REP 1 UNIT 05967A107 46,043 5,615 SH   SOLE   5,615 0 0
PUT - SPY 100 @ 427 EXP 07/02/2021 PUT 99VYCM649 101,250 1,500 SH Put SOLE   1,500 0 0
XP INC - CLASS A CL A G98239109 11,779,317 270,478 SH   SOLE   270,478 0 0
SPDR S&P 500 ETF TRUST TR UNIT 78462F103 2,208,790 5,160 SH   SOLE   5,160 0 0
CENTRAIS ELETRICAS BR-SP ADR SPONSORED ADR 15234Q207 333,804 38,590 SH   SOLE   38,590 0 0
PUT - TLT 100 @ 141 EXP 07/02/2021 PUT 99OBCCZ05 130 20 SH Put SOLE   20 0 0
PUT - TLT 100@141 1/2 EXP 07/02/2021 PUT 99OBCCZ13 18,722 1,783 SH Put SOLE   1,783 0 0
BANCO BRADESCO SPONSORED ADR 059460402 27,734 6,361 SH   SOLE   6,361 0 0
COMPHANIA DE BEBIDAS DAS AMERICAS AMBEV SPONSORED ADR 02319V103 341,279 99,209 SH   SOLE   99,209 0 0
BRF - BRASIL FOODS SA SPONSORED ADR 10552T107 723,276 132,226 SH   SOLE   132,226 0 0