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
ABACUS GLOBAL MGMT INC CL A 00258Y104   1,520,561 295,829 SH   SOLE   295,829 0 0
ABRDN PRECIOUS METALS BASKET PHYSCL PRECS MET 003263100   328,521 2,378 SH   SOLE   2,378 0 0
ADECOAGRO S A COM L00849106   2,476,117 270,910 SH   SOLE   270,910 0 0
AGNICO EAGLE MINES LTD COM 008474108   6,184,360 52,000 SH   SOLE   52,000 0 0
ALIBABA GROUP HLDG LTD SPONSORED ADS 01609W102   17,687,877 155,964 SH   SOLE   155,964 0 0
AMENTUM HOLDINGS INC COM 023939101   54,282,459 2,299,130 SH   SOLE   2,299,130 0 0
AMERICA MOVIL SAB DE CV SPON ADS RP CL B 02390A101   94,959,703 5,293,183 SH   SOLE   5,293,183 0 0
ANTERO RESOURCES CORP COM 03674X106   11,592,584 287,800 SH   SOLE   287,800 0 0
APPLOVIN CORP COM CL A 03831W108   9,711,219 27,740 SH   SOLE   27,740 0 0
ASTERA LABS INC COM 04626A103   3,689,136 40,800 SH   SOLE   40,800 0 0
ATEGRITY SPECIALTY IN CO HO COM 04681Y103   1,076,000 50,000 SH   SOLE   50,000 0 0
BANCO MACRO SA SPON ADR B 05961W105   1,642,914 23,400 SH   SOLE   23,400 0 0
BRINKER INTL INC COM 109641100   17,800,555 98,711 SH   SOLE   98,711 0 0
CAPITAL ONE FINL CORP COM 14040H105   51,383,668 241,510 SH   SOLE   241,510 0 0
CELESTICA INC COM 15101Q207   57,092,705 365,721 SH   SOLE   365,721 0 0
CEMEX SAB DE CV SPON ADR NEW 151290889   23,674,266 3,416,200 SH   SOLE   3,416,200 0 0
CITI TRENDS INC COM 17306X102   5,105,197 152,896 SH   SOLE   152,896 0 0
COMPASS INC CL A 20464U100   14,275,451 2,273,161 SH   SOLE   2,273,161 0 0
CORE SCIENTIFIC INC NEW COM 21874A106   3,376,446 197,800 SH   SOLE   197,800 0 0
COREWEAVE INC COM CL A 21873S108   12,539,314 76,900 SH   SOLE   76,900 0 0
CREDICORP LTD COM G2519Y108   14,372,336 64,300 SH   SOLE   64,300 0 0
EQT CORP COM 26884L109   12,480,480 214,000 SH   SOLE   214,000 0 0
ESTABLISHMENT LABS HLDGS INC COM G31249108   2,752,275 64,441 SH   SOLE   64,441 0 0
EXPAND ENERGY CORPORATION COM 165167735   12,395,640 106,000 SH   SOLE   106,000 0 0
FREEPORT-MCMORAN INC CL B 35671D857   30,119,580 694,800 SH   SOLE   694,800 0 0
FRONTLINE PLC COM M46528101   4,102,500 250,000 SH   SOLE   250,000 0 0
GENIUS SPORTS LIMITED SHARES CL A G3934V109   70,977,327 6,824,743 SH   SOLE   6,824,743 0 0
GEO GROUP INC NEW COM 36162J106   30,109,940 1,257,200 SH   SOLE   1,257,200 0 0
GOLAR LNG LTD SHS G9456A100   13,662,723 331,700 SH   SOLE   331,700 0 0
GRUPO FINANCIERO GALICIA S.A SPONSORED ADR 399909100   25,195,000 500,000 SH   SOLE   500,000 0 0
GRUPO TELEVISA S A B SPON ADR REP ORD 40049J206   39,677,989 18,117,803 SH   SOLE   18,117,803 0 0
HDFC BANK LTD SPONSORED ADS 40415F101   39,477,383 514,900 SH   SOLE   514,900 0 0
HERTZ GLOBAL HLDGS INC *W EXP 06/30/205 42806J148   17,802,627 4,877,432 SH   SOLE   4,877,432 0 0
IREN LIMITED ORDINARY SHARES Q4982L109   60,469,871 4,150,300 SH   SOLE   4,150,300 0 0
ISHARES INC MSCI MEXICO ETF 464286822   1,759,268 29,050 SH   SOLE   29,050 0 0
ISHARES INC MSCI CHILE ETF 464286640   3,994,150 127,000 SH   SOLE   127,000 0 0
ISHARES TR IBOXX HI YD ETF 464288513   326,633 4,050 SH   SOLE   4,050 0 0
ISHARES TR 7-10 YR TRSY BD 464287440   984,516 10,280 SH   SOLE   10,280 0 0
ISHARES TR MSCI EMG MKT ETF 464287234   719,789 14,921 SH   SOLE   14,921 0 0
ISHARES TR 1 3 YR TREAS BD 464287457   588,057 7,097 SH   SOLE   7,097 0 0
ISHARES TR RUSSELL 2000 ETF 464287655   65,169 302 SH   SOLE   302 0 0
ISHARES TR TIPS BD ETF 464287176   785,466 7,138 SH   SOLE   7,138 0 0
ISHARES TR RUSSELL 2000 ETF 464287655   350,000 75,526,500 SH Put SOLE   75,526,500 0 0
JAMES RIV GROUP LTD COM G5005R107   4,801,420 819,355 SH   SOLE   819,355 0 0
JBS N.V. CL A SHS N4732M103   6,102,597 417,700 SH   SOLE   417,700 0 0
JPMORGAN CHASE & CO. COM 46625H100   48,385,979 166,900 SH   SOLE   166,900 0 0
META PLATFORMS INC CL A 30303M102   14,431,874 19,553 SH   SOLE   19,553 0 0
NEBIUS GROUP N.V. SHS CLASS A N97284108   100,422,622 1,814,976 SH   SOLE   1,814,976 0 0
NU HLDGS LTD ORD SHS CL A G6683N103   8,318,848 606,330 SH   SOLE   606,330 0 0
ONEMEDNET CORP CL A 68270C103   1,312,251 2,301,791 SH   SOLE   2,301,791 0 0
PARSONS CORP DEL COM 70202L102   32,877,837 458,100 SH   SOLE   458,100 0 0
PINTEREST INC CL A 72352L106   9,520,830 265,500 SH   SOLE   265,500 0 0
PRIMO BRANDS CORPORATION CLASS A COM SHS 741623102   6,664,500 225,000 SH   SOLE   225,000 0 0
QXO INC COM NEW 82846H405   51,347,871 2,383,838 SH   SOLE   2,383,838 0 0
RAMACO RES INC COM CL A 75134P600   17,225,279 1,310,904 SH   SOLE   1,310,904 0 0
RAMACO RES INC COM CL B 75134P501   319,192 39,021 SH   SOLE   39,021 0 0
RANGE RES CORP COM 75281A109   11,155,781 274,300 SH   SOLE   274,300 0 0
ROOT INC CL A NEW 77664L207   3,864,694 30,200 SH   SOLE   30,200 0 0
SELECT SECTOR SPDR TR SBI INT-UTILS 81369Y886   327,212 4,007 SH   SOLE   4,007 0 0
SLM CORP COM 78442P106   5,872,689 179,100 SH   SOLE   179,100 0 0
SNAP INC CL A 83304A106   10,795,587 1,242,300 SH   SOLE   1,242,300 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103   4,633,875 7,500 SH Put SOLE   7,500 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103   197,094 319 SH   SOLE   319 0 0
TAKE-TWO INTERACTIVE SOFTWAR COM 874054109   32,009,330 131,807 SH   SOLE   131,807 0 0
TELECOM ARGENTINA SA SPON ADR REP B 879273209   2,282,555 258,500 SH   SOLE   258,500 0 0
TURKCELL ILETISIM HIZMETLERI SPON ADR NEW 900111204   5,433,693 898,131 SH   SOLE   898,131 0 0
UNITED STS OIL FD LP UNITS 91232N207   326,655 4,468 SH   SOLE   4,468 0 0
UNITEDHEALTH GROUP INC COM 91324P102   26,236,677 84,100 SH   SOLE   84,100 0 0
VALVOLINE INC COM 92047W101   4,127,830 109,000 SH   SOLE   109,000 0 0
VANECK ETF TRUST VANECK VIETNAM 92189F817   2,410,375 175,300 SH   SOLE   175,300 0 0
VIKING HOLDINGS LTD ORD SHS G93A5A101   5,329,000 100,000 SH   SOLE   100,000 0 0
VISTA ENERGY S.A.B. DE C.V. SPONSORED ADS 92837L109   57,458,871 1,201,817 SH   SOLE   1,201,817 0 0
VOYAGER TECHNOLOGIES INC COM CL A 92892B103   3,925,000 100,000 SH   SOLE   100,000 0 0
YPF SOCIEDAD ANONIMA SPON ADR CL D 984245100   27,235,700 866,000 SH   SOLE   866,000 0 0