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
WISDOMTREE TR EUROPE HEDGED EQ 97717X701 30,686 486,000 SH   SOLE   486,000 0 0
TPG SPECIALTY LENDING INC COM 87265K102 9,329 520,020 SH   SOLE   520,020 0 0
ISHARES INC MSCI BRAZIL ETF 464286400 8,495 265,040 SH   SOLE   265,040 0 0
ISHARES INC MSCI STH KOR ETF 464286772 6,464 95,460 SH   SOLE   95,460 0 0
ISHARES INC MSCI TAIWAN ETF 46434G772 6,768 188,000 SH   SOLE   188,000 0 0
ISHARES TR MSCI CHINA ETF 46429B671 13,683 211,810 SH   SOLE   211,810 0 0
ISHARES TR MSCI INDIA ETF 46429B598 4,860 146,000 SH   SOLE   146,000 0 0
SPDR SERIES TRUST S&P REGL BKG 78464A698 16,948 277,830 SH   SOLE   277,830 0 0
ALPS ETF TR ALERIAN MLP 00162Q866 5,054 500,390 SH   SOLE   500,390 0 0
SPDR SERIES TRUST OILGAS EQUIP 78464A748 14,465 852,877 SH   SOLE   852,877 0 0
SPDR SERIES TRUST S&P OILGAS EXP 78464A730 6,917 160,635 SH   SOLE   160,635 0 0
SPDR SERIES TRUST S&P METALS MNG 78464A755 5,480 154,500 SH   SOLE   154,500 0 0
VANECK VECTORS ETF TR GOLD MINERS ETF 92189F106 10,790 483,630 SH   SOLE   483,630 0 0
ISHARES TR CORE S&P500 ETF 464287200 6,294 23,050 SH   SOLE   23,050 0 0
TRANSPORTADORA DE GAS SUR SPON ADR B 893870204 46 3,810 SH   SOLE   3,810 0 0
GASTAR EXPL INC NEW COM 36729W202 40 71,170 SH   SOLE   71,170 0 0
PAMPA ENERGIA S A SPONS ADR LVL I 697660207 47 1,320 SH   SOLE   1,320 0 0
TEXAS PAC LD TR SUB CTF PROP I T 882610108 139 200 SH   SOLE   200 0 0
TRANSOCEAN LTD REG SHS H8817H100 98 7,320 SH   SOLE   7,320 0 0
ARK ETF TR GEN REV MLTSCT 00214Q302 94 3,230 SH   SOLE   3,230 0 0
GLOBAL X FDS GLOBAL X SILVER 37954Y848 799 27,655 SH   SOLE   27,655 0 0
GLOBAL X FDS GLOBAL X URANIUM 37954Y871 1,483 115,267 SH   SOLE   115,267 0 0
GLOBAL X FDS GB MSCI AR ETF 37950E259 100 3,690 SH   SOLE   3,690 0 0
GLOBAL X FDS MSCI GREECE ETF 37950E366 3,414 373,950 SH   SOLE   373,950 0 0
ISHARES INC MSCI RUSSIA ETF 46434G798 562 16,620 SH   SOLE   16,620 0 0
ISHARES TR MSCI SAUDI ARBIA 46434V423 5,387 171,740 SH   SOLE   171,740 0 0
PROSHARES TR SHORT QQQ NEW 74347B714 525 16,535 SH   SOLE   16,535 0 0
PROSHARES TR PSHS ULTSH 20YRS 74347B201 881 24,510 SH   SOLE   24,510 0 0