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 FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
TOPGOLF CALLAWAY BRANDS CORP COM 131193104   11,158,750 565,000 SH   DFND 1 0 565,000 0
DOMINOS PIZZA COM 25754A201   12,993,464 37,510 SH   DFND 1 0 37,510 0
GRAPHIC PACKA COM 388689101   8,275,821 371,947 SH   DFND 1 0 371,947 0
CALL- GLD 100 @ 170 EXP 01/20/2023 CALL 99VSQY4S0   3,591,600 15,000 SH Call DFND 1 0 15,000 0
CORTEVA INC COM 22052L104   16,140,988 274,600 SH   DFND 1 0 274,600 0
ISHARES TRUST ISHARES 1-5 YEAR INVESTMEN ISHS 1-5YR INVS 464288646   154,217,013 3,095,484 SH   DFND 1 0 3,095,484 0
HYATT HOTELS CORP-CL A COM CL A 448579102   19,177,209 212,020 SH   DFND 1 0 212,020 0
MICROSOFT CORPORATION COM 594918104   9,676,737 40,350 SH   DFND 1 0 40,350 0
T-MOBILE US INC COM STK COM 872590104   15,550,780 111,077 SH   DFND 1 0 111,077 0
PUT - BA 100 @ 170 EXP 02/17/2023 PUT 99P4F27Y6   122,250 300 SH Put DFND 1 0 300 0
ITIQUIRA ACQUISITION CORP UNIT 02/03/2026 G49773123   20,060,000 2,000,000 SH   DFND 1 0 2,000,000 0
SHELL PLC-ADR SPON ADS 780259305   44,198,439 776,092 SH   DFND 1 0 776,092 0
LIVE NATION ENTMT INC COM 538034109   9,163,836 131,400 SH   DFND 1 0 131,400 0
CNH INDUSTRAL NV SHS N20944109   23,544,458 1,466,031 SH   DFND 1 0 1,466,031 0
HEALTH CARE SPDR ETF SBI HEALTHCARE 81369Y209   15,711,053 115,650 SH   DFND 1 0 115,650 0
WARNER MUSIC GROUP CORP-CL A COM CL A 934550203   14,629,360 417,743 SH   DFND 1 0 417,743 0
CSX CORP COM 126408103   15,467,385 499,270 SH   DFND 1 0 499,270 0
NOMAD HOLDINGS LTD. ORDINARY SHARES (VIR USD ORD SHS G6564A105   4,435,835 257,299 SH   DFND 1 0 257,299 0
IAA INC COM 449253103   9,729,600 243,240 SH   DFND 1 0 243,240 0
SKECHERS USA CL A 830566105   9,213,898 219,640 SH   DFND 1 0 219,640 0
NETFLIX INC COM 64110L106   16,828,802 57,070 SH   DFND 1 0 57,070 0
PINTEREST INC- CLASS A CL A 72352L106   1,966,680 81,000 SH   DFND 1 0 81,000 0
CALL- EEM 100 @ 40 EXP 02/17/2023 CALL 99CBPC127   5,314,400 102,200 SH Call DFND 1 0 102,200 0
EMBRAER SA SPONSORED ADS 29082A107   34,306,997 3,138,792 SH   DFND 1 0 3,138,792 0
UNITED STATES OIL FUND LP -ETF UNITS 91232N207   9,962,631 142,100 SH   DFND 1 0 142,100 0
SCHLUMBERGER LTD COM STK 806857108   13,044,614 244,007 SH   DFND 1 0 244,007 0
SIX FLAGS ENTERTAINMENT CORPORATION NEW COM 83001A102   7,105,200 305,600 SH   DFND 1 0 305,600 0
UTILITIES SPDR SBI INT-UTILS 81369Y886   13,756,242 195,124 SH   DFND 1 0 195,124 0
ISHARE CHINA LARGE CAP ETF CHINA LG-CAP ETF 464287184   53,487,000 1,890,000 SH   DFND 1 0 1,890,000 0
ENERGY SPDR ENERGY 81369Y506   5,018,416 57,373 SH   DFND 1 0 57,373 0
FREEPORT-MCMORAN INC CL B 35671D857   6,935,000 182,500 SH   DFND 1 0 182,500 0
CALL- FXI 100 @ 33 EXP 03/17/2023 CALL 99P48YM19   2,675,000 50,000 SH Call DFND 1 0 50,000 0
CALL- SPY 100 @ 390 EXP 01/20/2023 CALL 99VSRH159   17,800,000 40,000 SH Call DFND 1 0 40,000 0
PENN ENTERTAINMENT INC COM 707569109   8,793,279 296,070 SH   DFND 1 0 296,070 0
DUPONT DE NEMOURS INC COM 26614N102   18,337,936 267,200 SH   DFND 1 0 267,200 0
MARATHON OIL CORP COM 565849106   6,696,631 247,382 SH   DFND 1 0 247,382 0
VANECK GOLD MINERS ETF GOLD MINERS ETF 92189F106   114,554,020 3,997,000 SH   DFND 1 0 3,997,000 0
BOYD GAMING COM 103304101   8,619,121 158,062 SH   DFND 1 0 158,062 0
EMERSON ELECTRIC CO COM 291011104   22,513,582 234,370 SH   DFND 1 0 234,370 0
RAYTHEON TECHNOLOGIES CORP COM 75513E101   21,343,470 211,489 SH   DFND 1 0 211,489 0
HASBRO COM 418056107   11,091,618 181,800 SH   DFND 1 0 181,800 0
ITAU UNIBANCO HOLDING SA SPON ADR REP PFD 465562106   24,191,017 5,136,097 SH   DFND 1 0 5,136,097 0
HALLIBURTON CO COM 406216101   6,374,700 162,000 SH   DFND 1 0 162,000 0
SOCQUIMICH ADR SPON ADR SER B 833635105   8,225,995 103,031 SH   DFND 1 0 103,031 0
NATURA &CO HOLDING-ADR ADS 63884N108   163,544 37,770 SH   DFND 1 0 37,770 0
SANOFI-ADR SPONSORED ADR 80105N105   1,088,077 22,467 SH   DFND 1 0 22,467 0
ISHARES MSCI SOUTH KOREA ETF MSCI STH KOR ETF 464286772   6,441,375 114,047 SH   DFND 1 0 114,047 0
HPX CORP-A -CW25 *W EXP 07/14/202 G32219126   312,061 743,003 SH   DFND 1 0 743,003 0
CALL- EWZ 100 @ 29 EXP 01/20/2023 CALL 99O6XDPW2   1,864,400 31,600 SH Call DFND 1 0 31,600 0
INTER & CO INC - CL A CLASS A COM G4R20B107   213,293 89,997 SH   DFND 1 0 89,997 0
ISHARES MSCI TAIWAN ETF MSCI TAIWAN ETF 46434G772   6,367,368 158,550 SH   DFND 1 0 158,550 0
COMPANIA SPON ADS 20441B605   4,002,314 556,650 SH   DFND 1 0 556,650 0
ADVANCE AUTO PARTS INC COM 00751Y106   5,575,231 37,919 SH   DFND 1 0 37,919 0
EQUINOR ASA SPONSORED ADR 29446M102   10,877,825 303,765 SH   DFND 1 0 303,765 0
GSK PLC-SPON ADR SPONSORED ADR 37733W204   4,813,161 136,971 SH   DFND 1 0 136,971 0
CENTRAIS ELETRICAS BR-SP ADR SPONSORED ADR 15234Q207   2,341,531 295,275 SH   DFND 1 0 295,275 0
BP PLC SPONSORED ADR 055622104   5,134,710 147,000 SH   DFND 1 0 147,000 0
TIM SA-ADR SPONSORED ADR 88706T108   0 0 SH   DFND 1 0 0 0
PETROLEO BRASILEIRO SA PETRO SP ADR NON VTG 71654V101   146,290 15,747 SH   DFND 1 0 15,747 0
COMPANHIA SIDERURGICA NACIONAL SPONSORED ADR 20440W105   386,996 140,216 SH   DFND 1 0 140,216 0
ENEL CHILE S.A. SPONSORED ADR 29278D105   874,712 388,761 SH   DFND 1 0 388,761 0
COMPANHIA BRASILEIRA DE DISTRIBUIACAO SA SPONSORED ADR 20440T300   3,575,007 1,153,228 SH   DFND 1 0 1,153,228 0
COMPNHIA ENRG SP ADR N-V PFD 204409601   1,754,513 864,292 SH   DFND 1 0 864,292 0
GETNET ADQUIRENCIA E SER SPONSORED ADS 37428A103   139,857 82,269 SH   DFND 1 0 82,269 0
GERDAU SA SPON ADR REP PFD 373737105   140,699 25,397 SH   DFND 1 0 25,397 0
PUT - XLE 100 @ 84 EXP 02/17/2023 PUT 99D0TJVL6   268,740 1,000 SH Put DFND 1 0 1,000 0
CENTRAIS ELEC BRAS-ADR PREF SPON ADR PFD B 15234Q108   605,709 73,867 SH   DFND 1 0 73,867 0
PUT - XLE 100 @ 85 EXP 02/17/2023 PUT 99P6BBH16   1,499,515 4,925 SH Put DFND 1 0 4,925 0
TELEFONICA BRASIL SA-ADR NEW ADR 87936R205   169,977 23,773 SH   DFND 1 0 23,773 0
SUZANO SA SPON ADS 86959K105   1,578,783 170,864 SH   DFND 1 0 170,864 0
SENDAS DISTRIBUIDORA SA-W/I SPON ADS 81689T104   1,179,896 64,440 SH   DFND 1 0 64,440 0
ISHRS BRAZIL SM BRAZIL SM-CP ETF 464289131   54,312 4,652 SH   DFND 1 0 4,652 0
VALE SA SP ADR SPONSORED ADS 91912E105   8,247,708 486,017 SH   DFND 1 0 486,017 0
EVE HOLDING INC COM 29970N104   10,066 1,398 SH   DFND 1 0 1,398 0
ZANITE ACQ CL A -CW25 *W EXP 05/09/202 29970N112   407,895 1,631,573 SH   DFND 1 0 1,631,573 0
BANCO BRADESCO SP ADR PFD NEW 059460303   8,816 3,061 SH   DFND 1 0 3,061 0
XP INC - CLASS A CL A G98239109   91,626 5,973 SH   DFND 1 0 5,973 0
AZUL SA SPONSR ADR PFD 05501U106   1,570 257 SH   DFND 1 0 257 0
PETROLEO BRASILEIRO ADR SPONSORED ADR 71654V408   7,487 703 SH   DFND 1 0 703 0
FARMLAND PARTNER COM 31154R109   1,134 91 SH   DFND 1 0 91 0
CALL- XLE 100 @ 135 EXP 02/17/2023 CALL 99P6BBG17   147 736 SH Call DFND 1 0 736 0