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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
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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 FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
ALPHABET INC CAP STK CL C 02079K107   26,142,515 185,500 SH   SOLE   185,500 0 0
BANCO BRADESCO S A SP ADR PFD NEW 059460303   13,434,050 3,838,300 SH   SOLE   3,838,300 0 0
BROADCOM INC COM 11135F101   14,957,750 13,400 SH   SOLE   13,400 0 0
ISHARES TR MSCI EMG MKT ETF 464287234   6,087,500 137,000 SH   SOLE   137,000 0 0
ITAU UNIBANCO HLDG S A SPON ADR REP PFD 465562106   17,002,355 2,446,382 SH   SOLE   2,446,382 0 0
JPMORGAN CHASE & CO COM 46625H100   28,593,810 168,100 SH   SOLE   168,100 0 0
PETROLEO BRASILEIRO SA PETRO SPONSORED ADR 71654V408   40,252,385 2,520,500 SH   SOLE   2,520,500 0 0
SHELL PLC SPON ADS 780259305   16,444,999 249,924 SH   SOLE   249,924 0 0
TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS 874039100   26,416,000 254,000 SH   SOLE   254,000 0 0
TECK RESOURCES LTD CL B 878742204   34,797,678 823,224 SH   SOLE   823,224 0 0
UNITED STATES STL CORP NEW COM 912909108   12,269,530 252,200 SH   SOLE   252,200 0 0
V F CORP COM 918204108   6,788,680 361,100 SH   SOLE   361,100 0 0
NU HLDGS LTD ORD SHS CL A G6683N103   26,236,193 3,149,603 SH   SOLE   3,149,603 0 0