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
ALPHABET INC CAP STK CL A 02079K305 1,400 1,045 SH   SOLE   1,045 0 0
AMBEV SA SPONSORED ADR 02319V103 52 11,170 SH   SOLE   11,170 0 0
AMERICA MOVIL SAB DE CV SPON ADR L SHS 02364W105 29,736 1,858,499 SH   SOLE   1,858,499 0 0
ANHEUSER BUSCH INBEV SA/NV SPONSORED ADR 03524A108 5,612 68,400 SH   SOLE   68,400 0 0
ARCOS DORADOS HOLDINGS INC SHS CLASS -A - G0457F107 96 11,800 SH   SOLE   11,800 0 0
AVIANCA HLDGS SA SPON ADR REP PFD 05367G100 1,593 357,270 SH   SOLE   357,270 0 0
AVON PRODS INC COM 054303102 1,574 279,120 SH   SOLE   279,120 0 0
AZUL S A SPONSR ADR PFD 05501U106 11,768 274,950 SH   SOLE   274,950 0 0
BANCO BRADESCO S A SP ADR PFD NEW 059460303 1,541 172,159 SH   SOLE   172,159 0 0
BANCO DE CHILE SPONSORED ADS 059520106 1,893 90,204 SH   SOLE   90,204 0 0
BANCO SANTANDER CHILE NEW SP ADR REP COM 05965X109 923 40,010 SH   SOLE   40,010 0 0
BOEING CO COM 097023105 1,466 4,500 SH Put SOLE   4,500 0 0
CBOE GLOBAL MARKETS INC COM 12503M108 349 2,909 SH   SOLE   2,909 0 0
CEMEX SAB DE CV SPON ADR NEW 151290889 1,092 289,016 SH   SOLE   289,016 0 0
CENTRAIS ELETRICAS BRASILEIR SPON ADR PFD B 15234Q108 2,838 299,368 SH   SOLE   299,368 0 0
CENTRAL PUERTO S A SPONSORED ADR 155038201 1,431 294,406 SH   SOLE   294,406 0 0
CHESAPEAKE ENERGY CORP COM 165167107 24 28,655 SH   SOLE   28,655 0 0
CME GROUP INC COM 12572Q105 349 1,740 SH   SOLE   1,740 0 0
COCA COLA CO COM 191216100 1,192 21,540 SH   SOLE   21,540 0 0
COCA COLA FEMSA S A B DE C V SPONSORD ADR REP 191241108 1,497 24,697 SH   SOLE   24,697 0 0
COMPANHIA ENERGETICA DE MINA SP ADR N-V PFD 204409601 53 15,400 SH   SOLE   15,400 0 0
COMPANHIA PARANAENSE ENERG C SPON ADR PFD 20441B407 5,145 303,708 SH   SOLE   303,708 0 0
COMPANHIA SIDERURGICA NACION SPONSORED ADR 20440W105 173 50,000 SH   SOLE   50,000 0 0
COMPANIA CERVECERIAS UNIDAS SPONSORED ADR 204429104 5,237 276,085 SH   SOLE   276,085 0 0
CPFL ENERGIA S A SPONSORED ADR 126153105 193 11,206 SH   SOLE   11,206 0 0
CREDICORP LTD COM G2519Y108 1,631 7,652 SH   SOLE   7,652 0 0
DESPEGAR COM CORP ORD SHS G27358103 631 46,815 SH   SOLE   46,815 0 0
EXXON MOBIL CORP COM 30231G102 698 10,000 SH   SOLE   10,000 0 0
FARFETCH LTD ORD SH CL A 30744W107 186 18,000 SH   SOLE   18,000 0 0
GOL LINHAS AEREAS INTLG S A SPON ADR PFD NEW 38045R206 2,132 117,967 SH   SOLE   117,967 0 0
GRUPO TELEVISA SA SPON ADR REP ORD 40049J206 1,974 168,250 SH   SOLE   168,250 0 0
HOME DEPOT INC COM 437076102 837 3,833 SH   SOLE   3,833 0 0
INTEL CORP COM 458140100 832 13,900 SH   SOLE   13,900 0 0
INTERCONTINENTAL EXCHANGE IN COM 45866F104 355 3,840 SH   SOLE   3,840 0 0
INVESCO QQQ TR UNIT SER 1 46090E103 404 1,900 SH Put SOLE   1,900 0 0
IRSA INVERSIONES Y REP S A GLOBL DEP RCPT 450047204 5,239 757,025 SH   SOLE   757,025 0 0
ISHARES INC MSCI BRAZIL ETF 464286400 4,802 101,200 SH Call SOLE   101,200 0 0
ISHARES INC MSCI BRAZIL ETF 464286400 90 1,900 SH Put SOLE   1,900 0 0
ISHARES INC MSCI JPN ETF NEW 46434G822 142 2,400 SH Call SOLE   2,400 0 0
ISHARES INC MSCI JPN ETF NEW 46434G822 154 2,600 SH Put SOLE   2,600 0 0
ISHARES INC MSCI STH KOR ETF 464286772 361 5,800 SH Put SOLE   5,800 0 0
ISHARES TR CHINA LG-CAP ETF 464287184 22,133 507,300 SH Put SOLE   507,300 0 0
ISHARES TR MSCI EMG MKT ETF 464287234 292 6,500 SH Put SOLE   6,500 0 0
JD COM INC SPON ADR CL A 47215P106 361 10,237 SH   SOLE   10,237 0 0
KRAFT HEINZ CO COM 500754106 817 25,415 SH   SOLE   25,415 0 0
MASTERCARD INC CL A 57636Q104 379 1,268 SH   SOLE   1,268 0 0
MERCADOLIBRE INC COM 58733R102 10,192 17,820 SH   SOLE   17,820 0 0
MICROSOFT CORP COM 594918104 1,711 10,849 SH   SOLE   10,849 0 0
MICROSOFT CORP COM 594918104 110 700 SH Put SOLE   700 0 0
MOODYS CORP COM 615369105 383 1,614 SH   SOLE   1,614 0 0
MORGAN STANLEY COM NEW 617446448 317 6,200 SH   SOLE   6,200 0 0
NETFLIX INC COM 64110L106 521 1,610 SH   SOLE   1,610 0 0
NIKE INC CL B 654106103 1,639 16,182 SH   SOLE   16,182 0 0
PAGSEGURO DIGITAL LTD COM CL A G68707101 13,276 388,637 SH   SOLE   388,637 0 0
PETROLEO BRASILEIRO SA PETRO SPONSORED ADR 71654V408 632 39,645 SH   SOLE   39,645 0 0
S&P GLOBAL INC COM 78409V104 367 1,343 SH   SOLE   1,343 0 0
SEA LTD SPONSORED ADS 81141R100 388 9,650 SH   SOLE   9,650 0 0
SELECT SECTOR SPDR TR SBI HEALTHCARE 81369Y209 407 4,000 SH Put SOLE   4,000 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 12,842 39,900 SH Put SOLE   39,900 0 0
SUZANO SA SPON ADS 86959K105 9,273 942,340 SH   SOLE   942,340 0 0
TELEFONICA BRASIL SA SPONSORED ADR 87936R106 336 23,492 SH   SOLE   23,492 0 0
VALE S A SPONSORED ADS 91912E105 538 40,739 SH   SOLE   40,739 0 0
VANECK VECTORS ETF TRUST SEMICONDUCTOR ET 92189F676 60,099 425,000 SH Put SOLE   425,000 0 0
VISA INC COM CL A 92826C839 1,710 9,098 SH   SOLE   9,098 0 0
YPF SOCIEDAD ANONIMA SPON ADR CL D 984245100 120 10,400 SH   SOLE   10,400 0 0