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
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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 (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
BANCO MACRO SA SPON ADR B 05961W105 1,238 17,000 SH   DFND 1 0 17,000 0
BBVA BANCO FRANCES S A SPONSORED ADR 07329M100 419 37,000 SH   DFND 1 0 37,000 0
GRUPO FINANCIERO GALICIA S A SPONSORED ADR 399909100 1,686 47,500 SH   DFND 1 0 47,500 0
LYFT INC CL A COM 55087P104 13,479 205,128 SH   DFND 1 0 205,128 0
PAMPA ENERGIA S A SPONS ADR LVL I 697660207 1,172 33,800 SH   DFND 1 0 33,800 0
STANDARD DIVERSIFIED INC COM CL A 85336L109 11,343 593,862 SH   SOLE   0 593,862 0
TELECOM ARGENTINA S A SPON ADR REP B 879273209 409 23,125 SH   DFND 1 0 23,125 0
TRANSPORTADORA DE GAS SUR SPONSORED ADS B 893870204 500 34,600 SH   DFND 1 0 34,600 0