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
CALL- FXI 100 @ 42 EXP 04/14/2022 CALL 99ODDN1D5 8,000 80,000 SH Call DFND 1 0 80,000 0
GRAPHIC PACKA COM 388689101 7,373,658 367,947 SH   DFND 1 0 367,947 0
FRONTIER COMMUNICATIONS PARE COM 35909D109 1,511,612 54,630 SH   DFND 1 0 54,630 0
HYATT HOTELS CORP-CL A COM CL A 448579102 5,192,480 54,400 SH   DFND 1 0 54,400 0
CALL- FXI 100 @ 35 EXP 06/17/2022 CALL 99OB3C953 7,920,000 110,000 SH Call DFND 1 0 110,000 0
XTRACKERS HARVEST CSI 300 CHIN XTRACK HRVST CSI 233051879 126,375,640 3,819,149 SH   DFND 1 0 3,819,149 0
CSX CORP COM 126408103 13,789,090 368,200 SH   DFND 1 0 368,200 0
SPLUNK INC COM 848637104 3,268,083 21,991 SH   DFND 1 0 21,991 0
ITIQUIRA ACQUISITION CORP UNIT 02/03/2026 G49773123 19,880,000 2,000,000 SH   DFND 1 0 2,000,000 0
CALL- ASHR 100@34 1/2 EXP 04/22/2022 CALL 99P2YZ5Q5 2,436,000 84,000 SH Call DFND 1 0 84,000 0
CALL- ASHR 100 @ 38 EXP 04/14/2022 CALL 99OCQCKL8 305,370 87,000 SH Call DFND 1 0 87,000 0
PETROLEO BRASILEIRO SA PETRO SP ADR NON VTG 71654V101 36,717,911 2,626,460 SH   DFND 1 0 2,626,460 0
T-MOBILE US INC COM STK COM 872590104 11,484,373 89,477 SH   DFND 1 0 89,477 0
DEERE & CO COM 244199105 3,946,870 9,500 SH   DFND 1 0 9,500 0
CNH INDUSTRAL NV SHS N20944109 17,008,058 1,072,387 SH   DFND 1 0 1,072,387 0
PETROLEO BRASILEIRO ADR SPONSORED ADR 71654V408 60,787,374 4,107,255 SH   DFND 1 0 4,107,255 0
AMAZON.COM INC COM 023135106 9,447,335 2,898 SH   DFND 1 0 2,898 0
SALESFORCE INC COM 79466L302 9,894,112 46,600 SH   DFND 1 0 46,600 0
ISHARES JPMORGAN USD EMERGING MARKET BON JPMORGAN USD EMG 464288281 111,446,400 1,140,000 SH   DFND 1 0 1,140,000 0
NU HOLDINGS LTD/CAYMAN ISL-A ORD SHS CL A G6683N103 3,258,211 422,048 SH   DFND 1 0 422,048 0
EMERSON ELECTRIC CO COM 291011104 11,193,388 114,160 SH   DFND 1 0 114,160 0
BOYD GAMING COM 103304101 9,502,710 144,462 SH   DFND 1 0 144,462 0
EMBRAER SA SPONSORED ADS 29082A107 47,763,855 3,787,776 SH   DFND 1 0 3,787,776 0
HALLIBURTON CO COM 406216101 9,298,600 245,540 SH   DFND 1 0 245,540 0
FARFETCH LTD-CLASS A ORD SH CL A 30744W107 4,730,594 312,870 SH   DFND 1 0 312,870 0
CALL- EWZ 100 @ 38 EXP 04/22/2022 CALL 99P2Z7651 4,875,000 50,000 SH Call DFND 1 0 50,000 0
SPDR DOW JONES INDL AVUT SER 1 UT SER 1 78467X109 5,029,035 14,500 SH   DFND 1 0 14,500 0
ISHARES MSCI BRAZIL ETF MSCI BRAZIL ETF 464286400 83,369,424 2,204,957 SH   DFND 1 0 2,204,957 0
IAA INC COM 449253103 5,912,685 154,580 SH   DFND 1 0 154,580 0
GENERAL MOTORS COM 37045V100 14,937,866 341,515 SH   DFND 1 0 341,515 0
BHP BILLITON LTD -SPON ADR SPONSORED ADS 088606108 16,956,375 219,500 SH   DFND 1 0 219,500 0
RIO TINTO PLC SPONSORED ADS 767204100 45,745,992 568,980 SH   DFND 1 0 568,980 0
ZENDESK INC COM 98936J101 6,281,303 52,218 SH   DFND 1 0 52,218 0
CATERPILLAR INC COM 149123101 6,996,548 31,400 SH   DFND 1 0 31,400 0
MONDELEZ INT CLA CL A 609207105 9,038,185 143,966 SH   DFND 1 0 143,966 0
CAESARS ENTERTAINMENT INC COM 12769G100 5,439,491 70,314 SH   DFND 1 0 70,314 0
VALERO ENERGY COM 91913Y100 12,184,800 120,000 SH   DFND 1 0 120,000 0
GERDAU SA SPON ADR REP PFD 373737105 2,143,511 333,361 SH   DFND 1 0 333,361 0
VALE SA SP ADR SPONSORED ADS 91912E105 62,782,653 3,140,703 SH   DFND 1 0 3,140,703 0
PUT - SPY 100 @ 425 EXP 05/20/2022 PUT 99P17RP59 5,272,500 9,500 SH Put DFND 1 0 9,500 0
SPDR S&P 500 ETF TRUST TR UNIT 78462F103 471,507,192 1,043,989 SH   DFND 1 0 1,043,989 0
FREEPORT-MCMORAN INC CL B 35671D857 26,113,500 525,000 SH   DFND 1 0 525,000 0
SENDAS DISTRIBUIDORA SA-W/I SPON ADS 81689T104 18,995,204 1,105,658 SH   DFND 1 0 1,105,658 0
CALL- SPY 100 @ 465 EXP 04/14/2022 CALL 99P17RFM3 2,987,500 25,000 SH Call DFND 1 0 25,000 0
TIM SA-ADR SPONSORED ADR 88706T108 11,053,872 762,336 SH   DFND 1 0 762,336 0
SCHLUMBERGER LTD COM STK 806857108 9,995,244 241,957 SH   DFND 1 0 241,957 0
PNC BANK CORP COM 693475105 6,640,200 36,000 SH   DFND 1 0 36,000 0
ANTERO RSRCS CRP COM 03674X106 8,648,111 283,266 SH   DFND 1 0 283,266 0
ITAU UNIBANCO HOLDING SA SPON ADR REP PFD 465562106 32,927,252 5,766,594 SH   DFND 1 0 5,766,594 0
BANCO BRADESCO SP ADR PFD NEW 059460303 7,492,403 1,614,742 SH   DFND 1 0 1,614,742 0
RAYTHEON TECHNOLOGIES CORP COM 75513E101 17,195,481 173,569 SH   DFND 1 0 173,569 0
XP INC - CLASS A CL A G98239109 1,867,193 62,033 SH   DFND 1 0 62,033 0
FOX CORP - CLASS A CL A COM 35137L105 14,495,035 367,428 SH   DFND 1 0 367,428 0
GLOBAL X URANIUM GLOBAL X URANIUM 37954Y871 31,608,396 1,208,272 SH   DFND 1 0 1,208,272 0
AZUL SA SPONSR ADR PFD 05501U106 3,707,312 246,333 SH   DFND 1 0 246,333 0
UBER TECHNOLOGIES INC COM 90353T100 9,125,374 255,756 SH   DFND 1 0 255,756 0
CHENIERE ENERGY COM NEW 16411R208 11,785,250 85,000 SH   DFND 1 0 85,000 0
SONY GROUP CORP SPONSORED ADR 835699307 8,682,590 84,535 SH   DFND 1 0 84,535 0
ANDINA A SPON ADR A 29081P204 512 47 SH   DFND 1 0 47 0
CORPBANCA SPONSORED ADR 45033E105 2,325 696 SH   DFND 1 0 696 0
ALIBABA GROUP HOLDING LTD SPONSORED ADS 01609W102 3,861,747 35,494 SH   DFND 1 0 35,494 0
BAIDU INC SPON ADR REP A 056752108 3,850,459 29,104 SH   DFND 1 0 29,104 0
ENEL CHILE S.A. SPONSORED ADR 29278D105 133,807 84,688 SH   DFND 1 0 84,688 0
WESCO INTL COM 95082P105 4,151,466 31,900 SH   DFND 1 0 31,900 0
COMPANIA SPON ADS 20441B605 2,051,718 262,368 SH   DFND 1 0 262,368 0
SUZANO SA SPON ADS 86959K105 262,322 22,575 SH   DFND 1 0 22,575 0
COMPANHIA BRASILEIRA DE DISTRIBUIACAO SA SPONSORED ADR 20440T300 336,138 66,694 SH   DFND 1 0 66,694 0
GETNET ADQUIRENCIA E SER SPONSORED ADS 37428A103 3,410 2,200 SH   DFND 1 0 2,200 0
CENTRAIS ELETRICAS BR-SP ADR SPONSORED ADR 15234Q207 111,752 14,128 SH   DFND 1 0 14,128 0
ULTRAPAR PARTICIPACOES SP ADR REP COM 90400P101 303 100 SH   DFND 1 0 100 0
ZANITE ACQ CL A -CW25 *W EXP 10/08/202 98907K111 987,759 1,543,132 SH   DFND 1 0 1,543,132 0
COMPHANIA DE BEBIDAS DAS AMERICAS AMBEV SPONSORED ADR 02319V103 54,342 16,824 SH   DFND 1 0 16,824 0
COSAN SA -ADR -W/I ADS 22113B103 152,539 7,704 SH   DFND 1 0 7,704 0
WALDENCAST ACQUISITION COR-A CLASS A ORD SHS G9460C100 13,527,883 1,365,074 SH   DFND 1 0 1,365,074 0
COMPANHIA SIDERURGICA NACIONAL SPONSORED ADR 20440W105 14,027 2,588 SH   DFND 1 0 2,588 0
PERSHING SQUARE TONTINE -A COM CL A 71531R109 22,449,147 1,128,665 SH   DFND 1 0 1,128,665 0
SABESP SPONSORED ADR 20441A102 15,689 1,596 SH   DFND 1 0 1,596 0
PUT - SPY 100 @ 442 EXP 05/20/2022 ORD SHS CL A 99P1B85P4 2,053,500 2,220 SH   DFND 1 0 2,220 0
BRF - BRASIL FOODS SA SPONSORED ADR 10552T107 17,468 4,400 SH   DFND 1 0 4,400 0