UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED

MANAGEMENT INVESTMENT COMPANIES

811-22896

Investment Company Act File Number

Global Macro Capital Opportunities Portfolio

(Exact Name of Registrant as Specified in Charter)

Two International Place, Boston, Massachusetts 02110

(Address of Principal Executive Offices)

Maureen A. Gemma

Two International Place, Boston, Massachusetts 02110

(Name and Address of Agent for Services)

(617) 482-8260

(Registrant’s Telephone Number, Including Area Code)

October 31

Date of Fiscal Year End

July 31, 2015

Date of Reporting Period

Item 1. Schedule of Investments

Global Macro Capital Opportunities Portfolio

July 31, 2015

PORTFOLIO OF INVESTMENTS (Unaudited)

Common Stocks — 86.7%

Security	Shares		Value
Argentina — 1.7%
Banco Macro SA, Class B ADR		11,900	$	508,249
BBVA Banco Frances SA ADR		13,300		198,702
Cresud SA ADR(1)		7,800		87,984
Empresa Distribuidora Y Comercializadora Norte SA ADR(1)		5,400		69,660
Grupo Financiero Galicia SA, Class B ADR		25,200		473,508
IRSA Inversiones y Representaciones SA ADR		4,800		81,168
Pampa Energia SA ADR(1)		8,400		128,100
Telecom Argentina SA ADR		29,300		469,093
Transportadora de Gas del Sur SA ADR		16,700		68,804
			$	2,085,268
Botswana — 1.1%
Barclays Bank of Botswana, Ltd.		343,800	$	149,040
Botswana Insurance Holdings, Ltd.		259,400		364,033
Engen Botswana, Ltd.		177,211		143,031
First National Bank of Botswana, Ltd.		710,000		274,678
Letshego Holdings, Ltd.		1,188,500		412,959
			$	1,343,741
Brazil — 8.4%
AMBEV SA		169,200	$	961,647
Banco Bradesco SA		34,300		277,089
Banco Bradesco SA, PFC Shares		92,500		736,985
Banco do Brasil SA		41,200		265,325
Banco Santander Brasil SA		12,700		59,347
BB Seguridade Participacoes SA		31,400		295,755
BM&F Bovespa SA		85,800		261,614
BR Malls Participacoes SA		25,300		94,950
BRF - Brazil Foods SA		25,725		539,977
CCR SA		47,900		212,923
CETIP SA - Mercados Organizados		12,105		125,365
Cia Brasileira de Distribuicao Grupo Pao de Acucar, PFC Shares		7,500		164,284
Cia de Saneamento Basico do Estado de Sao Paulo		17,200		87,759
Cia Energetica de Minas Gerais SA, PFC Shares		39,700		109,455
Cia Energetica de Sao Paulo, Class B, PFC Shares		11,400		63,693
Cia Paranaense de Energia-Copel, PFC Shares		6,300		64,915
Cia Siderurgica Nacional SA		37,900		47,929
Cielo SA		35,320		451,100
Cosan SA Industria e Comercio		4,000		24,299
CPFL Energia SA		11,739		66,101
Embraer SA		32,100		224,066
Estacio Participacoes SA		16,900		70,089
Fibria Celulose SA		11,400		151,625
Gerdau SA, PFC Shares		41,000		70,649
Hypermarcas SA(1)		19,900		117,751
Itau Unibanco Holding SA, PFC Shares		108,790		955,739
Itausa-Investimentos Itau SA, PFC Shares		143,526		352,113
JBS SA		35,000		157,523
Klabin SA		23,800		147,570
Kroton Educacional SA		57,900		162,339
Localiza Rent a Car SA		8,400		68,938
Lojas Americanas SA, PFC Shares		26,000		130,913

1

Security	Shares		Value
Lojas Renner SA		5,900	$	187,634
M Dias Branco SA		2,200		49,668
Multiplan Empreendimentos Imobiliarios SA		5,000		68,123
Natura Cosmeticos SA		9,200		68,410
Petroleo Brasileiro SA		20,000		67,641
Petroleo Brasileiro SA, PFC Shares		27,950		85,712
Porto Seguro SA		6,800		77,315
Qualicorp SA		12,500		74,293
Raia Drogasil SA		9,900		125,805
Souza Cruz SA		18,700		132,661
Suzano Papel e Celulose SA, PFC Shares		17,200		84,344
Telefonica Brasil SA, PFC Shares		14,500		191,120
Tim Participacoes SA		39,000		106,955
Totvs SA		6,700		68,606
Tractebel Energia SA		8,000		84,697
Ultrapar Participacoes SA		10,100		207,283
Vale SA		56,625		295,533
Vale SA, PFC Shares		79,250		339,086
Weg SA		28,000		153,741
			$	9,988,454
China — 11.7%
58.com, Inc. ADR(1)		500	$	29,695
AAC Technologies Holdings, Inc.		14,000		79,368
Agricultural Bank of China, Ltd., Class H		383,000		172,773
Air China, Ltd., Class H		56,000		56,029
Anhui Conch Cement Co., Ltd., Class H		24,000		74,700
ANTA Sports Products, Ltd.		26,000		66,847
Autohome, Inc. ADR(1)		700		27,153
Bank of China, Ltd., Class H		1,266,000		690,158
Bank of Communications, Ltd., Class H		150,000		131,844
Beijing Enterprises Holdings, Ltd.		11,500		84,622
Beijing Enterprises Water Group, Ltd.(1)		98,000		73,152
Belle International Holdings, Ltd.		85,000		88,591
Bitauto Holdings, Ltd. ADR(1)		300		11,736
Brilliance China Automotive Holdings, Ltd.		56,000		74,324
BYD Co., Ltd., Class H		14,500		63,755
CGN Power Co., Ltd.(2)		155,000		68,126
China Cinda Asset Management Co., Ltd., Class H(1)		147,000		65,753
China CITIC Bank Corp., Ltd., Class H(1)		146,000		104,258
China Communications Construction Co., Ltd., Class H		80,000		102,685
China Construction Bank Corp., Class H		1,320,000		1,075,110
China Everbright International, Ltd.		52,000		79,488
China Everbright, Ltd.		24,000		58,288
China Galaxy Securities Co., Ltd., Class H		47,500		42,809
China Gas Holdings, Ltd.		42,000		73,855
China Life Insurance Co., Ltd., Class H		120,000		441,216
China Longyuan Power Group Corp., Ltd., Class H		65,000		74,469
China Mengniu Dairy Co., Ltd.		24,000		108,817
China Merchants Bank Co., Ltd., Class H		76,000		196,322
China Merchants Holdings (International) Co., Ltd.		22,000		80,702
China Minsheng Banking Corp., Ltd., Class H		103,500		116,090
China Mobile, Ltd.		97,500		1,273,839
China National Building Material Co., Ltd., Class H		64,000		48,426
China Oilfield Services, Ltd., Class H		40,000		49,072
China Overseas Land & Investment, Ltd.		64,000		201,134
China Pacific Insurance (Group) Co., Ltd., Class H		44,200		185,286
China Petroleum & Chemical Corp., Class H		406,000		305,481
China Pharmaceutical Group, Ltd.		84,000		77,110
China Railway Construction Corp., Ltd., Class H		46,500		60,534
China Railway Group, Ltd., Class H		86,000		73,351
China Resources Enterprise, Ltd.		24,000		77,855
China Resources Gas Group, Ltd.		20,000		61,102

2

Security	Shares		Value
China Resources Land, Ltd.		47,777	$	134,169
China Resources Power Holdings Co., Ltd.		36,000		92,468
China Shenhua Energy Co., Ltd., Class H		59,500		113,019
China State Construction International Holdings, Ltd.		42,000		65,381
China Taiping Insurance Holdings Co., Ltd.(1)		29,400		87,308
China Telecom Corp., Ltd., Class H		240,000		134,217
China Unicom (Hong Kong), Ltd.		102,000		142,633
China Vanke Co., Ltd., Class H		26,700		63,496
CITIC Securities Co., Ltd., Class H		28,000		76,891
CITIC, Ltd.		44,000		78,800
CNOOC, Ltd.		291,000		356,354
Cosco Pacific, Ltd.		40,000		52,410
Country Garden Holdings Co., Ltd.		146,000		57,027
CRRC Corp., Ltd., Class H		79,750		100,575
Ctrip.com International, Ltd. ADR(1)		1,800		128,844
Dongfeng Motor Group Co., Ltd., Class H		54,000		62,047
Evergrande Real Estate Group, Ltd.		129,000		85,227
Geely Automobile Holdings, Ltd.		115,000		48,285
Great Wall Motor Co., Ltd., Class H		19,000		62,900
Guangdong Investment, Ltd.		56,000		75,651
Haier Electronics Group Co., Ltd.		29,000		68,369
Haitong Securities Co., Ltd., Class H		36,000		65,507
Hanergy Thin Film Power Group, Ltd.(1)(3)		302,000		0
Hengan International Group Co., Ltd.		3,500		39,011
Huaneng Power International, Inc., Class H		68,000		82,489
Industrial & Commercial Bank of China, Ltd., Class H		1,173,000		805,837
JD.com, Inc. ADR(1)		8,700		287,361
Jumei International Holding, Ltd. ADR(1)		1,600		29,936
Kunlun Energy Co., Ltd.		66,000		62,899
Lenovo Group, Ltd.		114,000		123,411
NetEase, Inc. ADR		700		97,041
New Oriental Education & Technology Group, Inc. ADR(1)		1,600		35,840
People’s Insurance Co. Group of China, Ltd., Class H		129,000		67,041
PetroChina Co., Ltd., Class H		346,000		339,971
PICC Property & Casualty Co., Ltd., Class H		60,000		124,068
Ping An Insurance (Group) Co. of China, Ltd., Class H		84,000		482,841
Qihoo 360 Technology Co., Ltd. ADR(1)		1,000		62,010
Semiconductor Manufacturing International Corp.(1)		689,000		61,911
Shanghai Electric Group Co., Ltd., Class H		14,000		8,661
Shenzhou International Group Holdings, Ltd.		12,000		62,792
Shimao Property Holdings, Ltd.		30,500		54,694
Sihuan Pharmaceutical Holdings Group, Ltd.(3)		119,000		33,847
SINA Corp.(1)		800		32,488
Sino Biopharmaceutical, Ltd.		60,000		69,551
Sino-Ocean Land Holdings, Ltd.		76,000		52,386
Sinopharm Group Co., Ltd., Class H		22,400		86,145
SouFun Holdings, Ltd. ADR		2,800		18,676
Tencent Holdings, Ltd.		80,800		1,502,234
Tingyi (Cayman Islands) Holding Corp.		38,000		73,124
Vipshop Holdings, Ltd. ADR(1)		2,800		54,572
Want Want China Holdings, Ltd.		106,000		110,092
Youku Tudou, Inc. ADR(1)		1,600		31,040
YY, Inc. ADR(1)		400		23,644
Zhuzhou CSR Times Electric Co., Ltd., Class H		11,000		74,574
			$	13,967,690
Georgia — 1.6%
Bank of Georgia Holdings PLC		39,800	$	1,238,629
TBC Bank JSC GDR(4)		72,600		704,147
			$	1,942,776

3

Security	Shares		Value
Hong Kong — 0.1%
ENN Energy Holdings, Ltd.		14,000	$	92,819
Fosun International, Ltd.		39,000		82,161
			$	174,980
India — 11.1%
Adani Enterprises, Ltd.		5,100	$	6,911
Adani Ports and Special Economic Zone, Ltd.		32,802		166,348
Adani Power, Ltd.(1)		9,483		4,049
Adani Transmissions, Ltd.(1)		5,100		2,195
Ambuja Cements, Ltd.		36,700		133,348
Apollo Hospitals Enterprise, Ltd.		4,400		93,617
Asian Paints, Ltd.		14,700		202,353
Aurobindo Pharma, Ltd.		13,400		158,153
Bajaj Auto, Ltd.		4,500		177,006
Bharat Heavy Electricals, Ltd.		31,400		136,146
Bharat Petroleum Corp., Ltd.		9,200		133,892
Bosch, Ltd.(1)		400		155,304
Cairn India, Ltd.		25,000		67,343
Cipla, Ltd.		17,400		192,303
Coal India, Ltd.		35,800		245,498
Dabur India, Ltd.		27,700		126,970
Dr. Reddy’s Laboratories, Ltd.		5,700		364,040
GAIL (India), Ltd.		17,600		97,386
Godrej Consumer Products, Ltd.		6,300		134,884
HCL Technologies, Ltd.		24,700		385,409
Hero MotoCorp, Ltd.		2,800		117,299
Hindalco Industries, Ltd.		57,500		94,187
Hindustan Unilever, Ltd.		36,800		529,266
Housing Development Finance Corp., Ltd.		34,400		716,899
ICICI Bank, Ltd.		53,000		249,488
Idea Cellular, Ltd.		56,100		151,495
IndusInd Bank, Ltd.(1)		13,800		212,913
Infosys, Ltd.		87,600		1,475,456
ITC, Ltd.		108,700		551,822
Kotak Mahindra Bank, Ltd.		16,400		177,933
Larsen & Toubro, Ltd.		15,400		429,662
LIC Housing Finance, Ltd.		14,800		115,070
Mahindra & Mahindra, Ltd.		16,900		357,687
MM Forgings, Ltd.		21,000		220,663
Motherson Sumi Systems, Ltd.		11,500		62,209
Motherson Sumi Systems, Ltd.		5,750		31,132
Nestle India, Ltd.		1,200		118,792
NTPC, Ltd.		57,400		121,274
Oil & Natural Gas Corp., Ltd.		38,000		161,486
Reliance Industries, Ltd.		60,700		947,428
Rural Electrification Corp., Ltd.		16,100		68,009
Shriram Transport Finance Co., Ltd.		7,700		107,595
Siemens India, Ltd.		3,900		88,534
State Bank of India		72,100		302,489
Sun Pharmaceutical Industries, Ltd.		39,920		511,118
Tata Consultancy Services, Ltd.		23,000		900,159
Tata Motors, Ltd.(1)		38,900		232,761
Tata Power Co., Ltd.		64,100		68,365
Tata Steel, Ltd.		16,600		63,675
Tech Mahindra, Ltd.		12,200		100,612
UltraTech Cement, Ltd.		2,000		98,118
United Spirits, Ltd.(1)		2,300		133,105
Vedanta, Ltd.		59,200		119,743
Wipro, Ltd.		31,000		276,147
Yes Bank, Ltd.		13,500		174,420
Zee Entertainment Enterprises, Ltd.		27,600		172,030
			$	13,242,196

4

Security	Shares		Value
Jordan — 0.1%
Arab Pesticides & Veterinary Drugs Manufacturing Co.(1)		43,085	$	113,163
United Cable Industries Co.(1)		86,908		57,558
			$	170,721
Kazakhstan — 3.5%
Halyk Savings Bank of Kazakhstan JSC GDR(4)		123,350	$	1,004,069
Halyk Savings Bank of Kazakhstan JSC GDR(4)		68,300		555,416
KAZ Minerals PLC(1)		225,225		568,558
KazMunaiGas Exploration Production GDR(4)		159,909		1,402,725
Kcell JSC GDR(4)		91,042		626,242
			$	4,157,010
Kenya — 1.4%
ARM Cement, Ltd.		96,800	$	59,615
British-American Investments Co. Kenya, Ltd.		254,700		41,289
Centum Investment Co., Ltd.(1)		153,200		74,875
Co-operative Bank of Kenya, Ltd. (The)		672,533		128,061
East African Breweries, Ltd.		141,004		406,195
Equity Group Holdings, Ltd.		728,100		277,296
Kenya Airways, Ltd.(1)		383,378		21,338
Kenya Commercial Bank, Ltd.		788,700		385,114
Kenya Electricity Generating Co., Ltd.		637,525		51,640
Kenya Power & Lighting, Ltd.		313,400		48,656
Safaricom, Ltd.		1,648,917		231,825
			$	1,725,904
Latvia — 0.6%
Grindeks		18,290	$	114,094
Olainfarm(1)		61,700		533,870
SAF Tehnika		28,900		95,172
			$	743,136
Mauritius — 2.2%
Alteo, Ltd.		52,987	$	46,358
CIEL, Ltd.		430,500		83,663
CIM Financial Services, Ltd.		238,300		59,333
ENL Land, Ltd.(1)		72,211		96,248
Gamma Civic, Ltd.		81,886		62,779
Harel Mallac & Co., Ltd.		31,500		87,488
Ireland Blyth, Ltd.		7,800		25,325
LUX Island Resorts, Ltd.		62,400		108,316
MCB Group, Ltd.		138,908		882,341
New Mauritius Hotels, Ltd.(1)		305,790		164,119
New Mauritius Hotels, Ltd., PFC Shares(1)		101,930		29
Omnicane, Ltd.		15,009		29,247
Phoenix Beverages, Ltd.		10,200		115,212
Rogers & Co., Ltd.		187,150		157,902
SBM Holdings, Ltd.		19,639,106		493,348
Sun Resorts, Ltd., Class A(1)		65,600		74,239
Terra Mauricia, Ltd.		90,156		77,147
Vivo Energy Mauritius, Ltd.		23,359		79,797
			$	2,642,891
Mexico — 3.5%
Alfa SAB de CV, Series A		71,400	$	141,847
America Movil SAB de CV ADR, Series L		39,700		769,386
Arca Continental SAB de CV		10,800		64,864
Cemex SAB de CV ADR(1)		30,576		259,896
Coca-Cola Femsa SAB de CV ADR		1,100		83,105
El Puerto de Liverpool SAB de CV		5,200		60,977
Fibra Uno Administracion SA de CV		56,800		136,461

5

Security	Shares		Value
Fomento Economico Mexicano SAB de CV ADR		4,600	$	416,944
Gentera SAB de CV		29,400		50,616
Grupo Aeroportuario del Pacifico SAB de CV ADR, Class B		900		70,992
Grupo Aeroportuario del Sureste SAB de CV ADR, Class B		600		89,766
Grupo Bimbo SAB de CV, Series A(1)		41,700		111,752
Grupo Carso SAB de CV, Series A1		15,400		69,877
Grupo Financiero Banorte SAB de CV, Class O		59,900		316,443
Grupo Financiero Inbursa SAB de CV, Class O		57,600		130,482
Grupo Financiero Santander Mexico SAB de CV ADR		9,400		84,130
Grupo Mexico SAB de CV, Series B		92,000		251,291
Grupo Televisa SAB ADR		12,300		428,778
Industrias Penoles SAB de CV		3,700		56,385
Kimberly-Clark de Mexico SAB de CV, Class A		39,900		92,640
Mexichem SAB de CV		25,400		74,407
Promotora y Operadora de Infraestructura SAB de CV(1)		6,900		79,147
Wal-Mart de Mexico SAB de CV, Series V		126,800		307,389
			$	4,147,575
Norway — 0.2%
Telenor ASA		9,700	$	213,070
			$	213,070
Peru — 2.0%
Cia de Minas Buenaventura SA ADR		32,772	$	233,337
Credicorp, Ltd.		10,434		1,376,244
Ferreycorp SAA		158,900		68,326
Southern Copper Corp.		25,800		718,788
			$	2,396,695
Philippines — 1.2%
Aboitiz Equity Ventures, Inc.		72,000	$	92,105
Aboitiz Power Corp.		39,500		37,731
Alliance Global Group, Inc.		85,700		42,330
Ayala Corp.		5,970		101,832
Ayala Land, Inc.		190,500		155,666
Bank of the Philippine Islands		21,799		45,240
BDO Unibank, Inc.		45,010		98,868
DMCI Holdings, Inc.		110,400		28,717
Energy Development Corp.		250,600		39,258
Globe Telecom, Inc.		1,375		77,570
International Container Terminal Services, Inc.		13,610		32,686
JG Summit Holding, Inc.		68,590		108,619
Jollibee Foods Corp.		11,680		48,501
Megaworld Corp.		307,500		31,855
Metro Pacific Investments Corp.		202,000		21,423
Metropolitan Bank & Trust Co.		13,903		26,840
Philippine Long Distance Telephone Co.		2,515		159,374
SM Investments Corp.		4,320		84,369
SM Prime Holdings, Inc.		225,000		105,437
Universal Robina Corp.		19,000		79,512
			$	1,417,933
Qatar — 0.2%
Ooredoo QSC		9,600	$	212,873
			$	212,873
Romania — 6.7%
Banca Transilvania(1)		4,361,384	$	2,603,140
BRD-Groupe Societe Generale SA(1)		331,000		940,295
Bursa de Valori Bucuresti SA		265		2,225
Electrica SA		340,000		1,084,343
OMV Petrom SA		9,977,900		972,378
Societatea Nationala de Gaze Naturale ROMGAZ SA		130,800		1,119,507

6

Security	Shares		Value
Societatea Nationala Nuclearelectrica SA		130,000	$	242,492
Transelectrica SA		56,500		385,373
Transgaz SA Medias		10,400		710,303
			$	8,060,056
Serbia — 2.4%
Aerodrom Nikola Tesla AD Beograd		43,200	$	513,617
Energoprojekt Holding AD Beograd		62,500		668,449
Gosa AD Montaza Velika Plana		1,378		23,311
Komercijalna Banka AD Beograd(1)		18,100		314,516
Metalac AD(1)		4,700		89,018
Naftna Industrija Srbije		216,465		1,316,521
			$	2,925,432
Singapore — 1.3%
Interra Resources, Ltd.(1)		2,713,000	$	221,571
Yoma Strategic Holdings, Ltd.(1)		4,295,333		1,347,820
			$	1,569,391
South Korea — 7.2%
AMOREPACIFIC Corp.		650	$	229,150
AMOREPACIFIC Group, Inc.		650		108,446
BNK Financial Group, Inc.		4,900		57,601
Celltrion, Inc.(1)		1,680		111,329
CJ CheilJedang Corp.		220		77,418
CJ Corp.		400		104,751
Coway Co., Ltd.		1,200		100,178
DGB Financial Group Co., Ltd.		4,600		44,137
Dongbu Insurance Co., Ltd.		1,100		52,292
E-Mart Co., Ltd.		420		85,846
Hana Financial Group, Inc.		6,400		159,689
Hankook Tire Co., Ltd.		1,600		55,552
Hotel Shilla Co., Ltd.		930		100,020
Hyundai Development Co.		1,700		102,215
Hyundai Engineering & Construction Co., Ltd.		1,900		55,887
Hyundai Glovis Co., Ltd.		300		50,088
Hyundai Heavy Industries Co., Ltd.(1)		770		63,869
Hyundai Mobis Co., Ltd.		1,200		218,924
Hyundai Motor Co.		2,600		331,214
Hyundai Motor Co., PFC Shares		550		49,049
Hyundai Motor Co., Second PFC Shares		760		66,911
Hyundai Steel Co.		1,600		79,873
Hyundai Wia Corp.		380		34,837
Industrial Bank of Korea		5,900		69,823
Kangwon Land, Inc.		2,800		102,273
KB Financial Group, Inc.		7,900		248,202
KCC Corp.		130		54,345
Kia Motors Corp.		4,600		172,551
Korea Electric Power Corp.		5,000		216,195
Korea Investment Holdings Co., Ltd.		1,000		53,348
Korea Zinc Co., Ltd.		199		84,080
KT&G Corp.		2,400		226,106
LG Chem, Ltd.		900		192,423
LG Corp.		2,000		99,286
LG Display Co., Ltd.		4,300		81,278
LG Electronics, Inc.		2,300		79,748
LG Household & Health Care, Ltd.		200		146,456
LG Uplus Corp.		5,400		53,341
Lotte Chemical Corp.		340		75,715
Lotte Shopping Co., Ltd.		270		58,186
Naver Corp.		500		223,641
NCsoft Corp.		330		61,885

7

Security	Shares		Value
ORION Corp.		70	$	69,196
POSCO		1,300		216,672
Samsung C&T Corp.		2,500		120,502
Samsung Electro-Mechanics Co., Ltd.		1,100		51,014
Samsung Electronics Co., Ltd.		1,700		1,724,745
Samsung Electronics Co., Ltd., PFC Shares		340		267,455
Samsung Fire & Marine Insurance Co., Ltd.		600		143,531
Samsung Heavy Industries Co., Ltd.		4,200		49,600
Samsung Life Insurance Co., Ltd.		1,100		100,557
Samsung SDI Co., Ltd.		1,100		80,772
Samsung Securities Co., Ltd.		1,400		63,076
Shinhan Financial Group Co., Ltd.		8,200		293,454
SK C&C Co., Ltd.		460		120,722
SK Holdings Co., Ltd.(3)		560		107,899
SK Hynix, Inc.		12,400		391,597
SK Innovation Co., Ltd.(1)		1,300		111,012
SK Telecom Co., Ltd.		230		49,361
			$	8,599,323
Sri Lanka — 2.9%
Access Engineering PLC		538,300	$	110,195
Aitken Spence Hotel Holdings PLC, Class H		106,700		62,214
Aitken Spence PLC		159,900		119,638
Chevron Lubricants Lanka PLC		54,700		167,649
Commercial Bank of Ceylon PLC		512,648		655,293
DFCC Bank PLC		34,316		51,036
Dialog Axiata PLC		2,471,500		203,382
Distilleries Co. of Sri Lanka PLC		79,500		171,584
Hatton National Bank PLC		43,300		57,611
Hatton National Bank PLC (Non-Voting)		86,400		142,060
John Keells Holdings PLC		812,000		1,197,136
National Development Bank PLC		100,489		206,537
Sampath Bank PLC		47,103		92,693
Tokyo Cement Co. (Lanka) PLC		528,600		213,312
			$	3,450,340
Taiwan — 3.4%
Advanced Semiconductor Engineering, Inc.		62,000	$	71,977
Advantech Co., Ltd.		4,000		26,975
Asia Cement Corp.		26,000		28,517
Asustek Computer, Inc.		7,000		63,262
AU Optronics Corp.		99,000		31,810
Catcher Technology Co., Ltd.		7,000		77,170
Cathay Financial Holding Co., Ltd.		76,000		122,838
Chailease Holding Co., Ltd.		11,440		23,907
Chang Hwa Commercial Bank, Ltd.		55,000		30,741
Cheng Shin Rubber Industry Co., Ltd.		17,000		32,836
China Development Financial Holding Corp.		111,000		36,552
China Life Insurance Co., Ltd.		35,000		35,298
China Steel Corp.		117,000		83,717
Chunghwa Telecom Co., Ltd.		37,000		115,040
Compal Electronics, Inc.		48,000		32,356
CTBC Financial Holding Co., Ltd.		139,000		100,808
Delta Electronics, Inc.		17,000		83,623
E.Sun Financial Holding Co., Ltd.		72,824		44,263
Epistar Corp.		13,000		11,308
Far Eastern New Century Corp.		35,700		33,636
Far EasTone Telecommunications Co., Ltd.		17,000		39,771
First Financial Holding Co., Ltd.		64,965		35,024
Formosa Chemicals & Fibre Corp.		35,000		82,932
Formosa Plastics Corp.		42,000		93,162

8

Security	Shares		Value
Foxconn Technology Co., Ltd.		11,000	$	33,410
Fubon Financial Holding Co., Ltd.		65,000		118,587
Giant Manufacturing Co., Ltd.		3,000		25,327
Hon Hai Precision Industry Co., Ltd.		112,000		322,093
Hotai Motor Co., Ltd.		3,000		38,476
HTC Corp.(1)		8,000		17,555
Hua Nan Financial Holdings Co., Ltd.		67,000		38,059
Innolux Corp.		84,000		29,203
Inotera Memories, Inc.(1)		25,000		15,084
Largan Precision Co., Ltd.		1,000		101,598
Lite-On Technology Corp.		25,000		27,480
MediaTek, Inc.		13,000		136,658
Mega Financial Holding Co., Ltd.		102,000		87,171
Nan Ya Plastics Corp.		47,000		95,938
Novatek Microelectronics Corp., Ltd.		6,000		21,765
Pegatron Corp.		17,000		47,782
Pou Chen Corp.		23,000		32,670
President Chain Store Corp.		5,000		36,364
Quanta Computer, Inc.		28,000		54,210
Shin Kong Financial Holding Co., Ltd.		97,000		28,401
Shuang Bang Industrial Corp.		14,662		7,589
Siliconware Precision Industries Co., Ltd.		36,000		40,879
SinoPac Financial Holdings Co., Ltd.		84,000		35,818
Taishin Financial Holdings Co., Ltd.		87,000		34,458
Taiwan Cement Corp.		26,000		28,148
Taiwan Cooperative Financial Holding Co., Ltd.		74,000		37,141
Taiwan Mobile Co., Ltd.		12,000		39,686
Taiwan Semiconductor Manufacturing Co., Ltd.		218,000		952,662
Teco Electric & Machinery Co., Ltd.		24,000		18,850
Uni-President Enterprises Corp.		49,000		86,214
United Microelectronics Corp.		131,000		46,824
Yuanta Financial Holding Co., Ltd.		102,000		48,475
			$	4,022,098
Thailand — 0.7%
PTT Exploration & Production PCL(5)		53,050	$	140,545
TTCL PCL(5)		767,100		647,953
			$	788,498
United Kingdom — 0.3%
Central Asia Metals PLC		157,000	$	361,619
			$	361,619
United States — 0.0%(6)
TAL International Group, Inc.(1)		300	$	5,940
			$	5,940
Vietnam — 11.2%
An Phu Irradiation JSC		75,510	$	65,085
Bank for Foreign Trade of Vietnam JSC		410,815		939,433
Bank for Investment & Development of Vietnam		216,700		253,450
Bao Viet Holdings		111,500		268,522
Danang Rubber JSC		51,920		118,718
Dien Quang JSC		61,000		146,842
Everpia Vietnam JSC		3,970		4,189
FPT Corp.		80,427		174,377
Gemadept Corp.		40,700		64,001
HAGL JSC(1)		648,460		514,295
HATIEN 1 Cement JSC(1)		192,400		193,289
Hoa Phat Group JSC		155,605		231,545

9

Security	Shares		Value
Hoa Sen Group		42,440	$	82,430
Hung Vuong Corp.		194,800		195,526
Imexpharm Pharmaceutical JSC		22,770		46,707
Kinh Bac City Development Share Holding Corp.(1)		268,100		195,351
Kinh Do Corp.		243,900		541,350
Masan Group Corp.(1)		604,200		2,490,870
Nam Long Investment Corp.		110,000		95,820
PetroVietnam Drilling and Well Services JSC		199,286		399,816
PetroVietnam Fertilizer & Chemical JSC		205,250		296,424
PetroVietnam Gas JSC		83,000		224,084
PetroVietnam Technical Services JSC		294,900		348,337
Pha Lai Thermal Power JSC		186,000		186,784
Refrigeration Electrical Engineering Corp.		100,000		133,808
Saigon - Hanoi Commercial Joint Stock Bank		535,900		206,919
Saigon Securities, Inc.		364,300		454,099
Saigon Thuong Tin Commercial JSB(1)		704,300		613,556
Son Ha International Corp.		324,700		187,738
Tan Tao Investment & Industry JSC(1)		675,400		194,973
TNG Investment & Trading JSC		151,600		197,621
Traphaco JSC		18,690		69,465
Truong Thanh Furniture Corp.(1)		341,800		231,942
Vietnam Construction and Import-Export JSC		251,400		142,967
Vietnam Joint Stock Commercial Bank for Industry and Trade		149,900		154,697
Vingroup JSC		1,225,231		2,424,213
Vinh Hoan Corp.		98,180		183,482
Vinh Son - Song Hinh Hydropower JSC		101,700		66,098
			$	13,338,823
Total Common Stocks (identified cost $111,775,730)			$	103,694,433
Investment Funds — 2.4%
Security	Shares		Value
Romania — 2.4%
Fondul Proprietatea SA(1)		14,178,349	$	2,875,383
Total Investment Funds (identified cost $3,314,856)			$	2,875,383
Warrants — 0.0%(6)
Security	Shares		Value
Interra Resources, Ltd., Exp. 12/8/15(1)		249,500	$	1,091
Total Warrants (identified cost $0)			$	1,091

10

Short-Term Investments — 8.2%
Description	Interest (000’s omitted)		Value
Eaton Vance Cash Reserves Fund, LLC, 0.20%(7)	$	9,788	$	9,788,078
Total Short-Term Investments (identified cost $9,788,078)			$	9,788,078
Total Investments — 97.3% (identified cost $124,878,664)			$	116,358,985
Other Assets, Less Liabilities — 2.7%			$	3,269,004
Net Assets — 100.0%			$	119,627,989

The percentage shown for each investment category in the Portfolio of Investments is based on net assets.

ADR	-	American Depositary Receipt
GDR	-	Global Depositary Receipt
PCL	-	Public Company Ltd.
PFC Shares	-	Preference Shares

(1) Non-income producing security.

(2) Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933. These securities may be sold in certain transactions (normally to qualified institutional buyers) and remain exempt from registration. At July 31, 2015, the aggregate value of these securities is $68,126 or 0.1% of the Portfolio’s net assets.

(3) For fair value measurement disclosure purposes, security is categorized as Level 3.

(4) Security exempt from registration under Regulation S of the Securities Act of 1933, which exempts from registration securities offered and sold outside the United States. Security may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act of 1933. At July 31, 2015, the aggregate value of these securities is $4,292,599 or 3.6% of the Portfolio’s net assets.

(5) Indicates a foreign registered security. Shares issued to foreign investors in markets that have foreign ownership limits.

(6) Amount is less than 0.05%.

(7) Affiliated investment company, available to Eaton Vance portfolios and funds, which invests in high quality, U.S. dollar denominated money market instruments. The rate shown is the annualized seven-day yield as of July 31, 2015. Net income allocated from the investment in Eaton Vance Cash Reserves Fund, LLC for the fiscal year to date ended July 31, 2015 was $11,002.

Sector Classification of Portfolio

Sector	Percentage of Net Assets			Value
Financials		31.2	%	$	37,270,812
Information Technology		9.4			11,276,238
Consumer Staples		9.0			10,789,691
Energy		8.7			10,370,465
Industrials		7.4			8,802,890
Materials		5.8			6,974,774
Consumer Discretionary		5.1			6,141,058
Telecommunication Services		4.4			5,260,273
Utilities		3.6			4,273,681
Health Care		2.1			2,535,642
Investment Funds		2.4			2,875,383
Short-Term Investments		8.2			9,788,078
Total Investments		97.3	%	$	116,358,985

11

A summary of open financial instruments at July 31, 2015 is as follows:

Forward Foreign Currency Exchange Contracts

Settlement Date	Deliver	In Exchange For	Counterparty	Unrealized Appreciation		Unrealized (Depreciation)			Net Unrealized Appreciation (Depreciation)
8/5/15	Euro 6,682,450	United States Dollar 7,469,275	BNP Paribas	$	130,184	$	—		$	130,184
8/5/15	Euro 2,373,170	United States Dollar 2,703,155	BNP Paribas		96,789		—			96,789
8/5/15	Euro 2,897,000	United States Dollar 3,238,107	BNP Paribas		56,438		—			56,438
8/5/15	Euro 588,000	United States Dollar 657,234	BNP Paribas		11,455		—			11,455
8/5/15	Euro 798,000	United States Dollar 883,132	BNP Paribas		6,718		—			6,718
8/5/15	Euro 87,000	United States Dollar 96,281	BNP Paribas		732		—			732
8/5/15	Euro 6,300	United States Dollar 6,865	BNP Paribas		—		(55	)		(55	)
8/5/15	Euro 64,577	United States Dollar 70,060	BNP Paribas		—		(862	)		(862	)
8/5/15	Euro 313,088	United States Dollar 345,578	JPMorgan Chase Bank, N.A.		1,725		—			1,725
8/5/15	Euro 157,847	United States Dollar 173,855	JPMorgan Chase Bank, N.A.		497		—			497
8/5/15	Euro 1,345,533	United States Dollar 1,499,756	Standard Chartered Bank		22,006		—			22,006
8/5/15	Euro 322,038	United States Dollar 355,211	Standard Chartered Bank		1,529		—			1,529
8/5/15	Euro 83,296	United States Dollar 92,913	Standard Chartered Bank		1,432		—			1,432
8/5/15	Euro 41,157	United States Dollar 45,155	Standard Chartered Bank		—		(46	)		(46	)
8/5/15	Euro 12,786	United States Dollar 13,973	Standard Chartered Bank		—		(69	)		(69	)
8/5/15	Euro 9,076	United States Dollar 9,852	Standard Chartered Bank		—		(116	)		(116	)
8/5/15	Euro 14,717	United States Dollar 16,024	Standard Chartered Bank		—		(139	)		(139	)
8/5/15	United States Dollar 277,777	Euro 251,000	BNP Paribas		—		(2,113	)		(2,113	)
8/11/15	New Taiwan Dollar 138,948,000	United States Dollar 4,527,026	JPMorgan Chase Bank, N.A.		129,695		—			129,695
8/11/15	United States Dollar 4,539,301	New Taiwan Dollar 138,948,000	Bank of America, N.A.		—		(141,970	)		(141,970	)
8/18/15	British Pound Sterling 329,084	United States Dollar 519,332	JPMorgan Chase Bank, N.A.		5,470		—			5,470
8/18/15	United States Dollar 513,846	British Pound Sterling 329,084	JPMorgan Chase Bank, N.A.		16		—			16
8/26/15	Thai Baht 29,197,000	United States Dollar 866,894	Standard Chartered Bank		39,190		—			39,190
8/26/15	Thai Baht 5,807,000	United States Dollar 166,294	Standard Chartered Bank		1,672		—			1,672
9/14/15	Singapore Dollar 2,318,000	United States Dollar 1,694,090	Standard Chartered Bank		6,502		—			6,502
9/14/15	United States Dollar 277,686	Singapore Dollar 379,000	Standard Chartered Bank		—		(1,760	)		(1,760	)

12

Settlement Date	Deliver	In Exchange For	Counterparty	Unrealized Appreciation		Unrealized (Depreciation)			Net Unrealized Appreciation (Depreciation)
10/2/15	Singapore Dollar 434,403	United States Dollar 321,828	JPMorgan Chase Bank, N.A.	$	5,723	$	—		$	5,723
10/13/15	South Korean Won 10,563,418,000	United States Dollar 9,326,698	Bank of America, N.A.		288,093		—			288,093
10/13/15	United States Dollar 4,293,285	South Korean Won 5,032,159,000	Bank of America, N.A.		12,490		—			12,490
10/13/15	United States Dollar 388,487	South Korean Won 450,723,000	Bank of America, N.A.		—		(2,825	)		(2,825	)
10/28/15	Norwegian Krone 1,747,958	United States Dollar 212,607	BNP Paribas		—		(982	)		(982	)
				$	818,356	$	(150,937	)	$	667,419

Futures Contracts

Expiration Month/Year	Contracts	Position	Aggregate Cost			Value			Net Unrealized Appreciation (Depreciation)
Equity Futures
9/15	260 E-mini MSCI Emerging Markets Index	Long	$	12,202,790		$	11,700,000		$	(502,790	)
9/15	191 SET50 Index	Short		(1,040,867	)		(1,007,958	)		32,909
									$	(469,881	)

SET: Stock Exchange of Thailand.

At July 31, 2015, the Portfolio had sufficient cash and/or securities to cover commitments under these contracts.

In the normal course of pursuing its investment objective, the Portfolio is subject to the following risks:

Equity Price Risk: The Portfolio enters into equity futures contracts to enhance total return, to manage certain investment risks and/or as a substitute for the purchase or sale of securities. During the fiscal year to date ended July 31, 2015, the Portfolio also entered into total return swaps to enhance total return.

Foreign Exchange Risk: The Portfolio engages in forward foreign currency exchange contracts to enhance total return, to seek to hedge against fluctuations in currency exchange rates and/or as a substitute for the purchase or sale of securities or currencies.

The fair value of open derivative instruments (not considered to be hedging instruments for accounting disclosure purposes) by risk exposure at July 31, 2015 was as follows:

		Fair Value
Risk	Derivative	Asset Derivative		Liability Derivative
Equity Price	Financial futures contracts*	$	32,909	$	(502,790	)
Total		$	32,909	$	(502,790	)
Foreign Exchange	Forward foreign currency exchange contracts	$	818,356	$	(150,937	)
Total		$	818,356	$	(150,937	)

* Amount represents cumulative unrealized appreciation or (depreciation) on futures contracts in the Futures Contracts table above.

The cost and unrealized appreciation (depreciation) of investments of the Portfolio at July 31, 2015, as determined on a federal income tax basis, were as follows:

Aggregate cost	$	125,128,277
Gross unrealized appreciation	$	5,225,776
Gross unrealized depreciation		(13,995,068	)
Net unrealized depreciation	$	(8,769,292	)

13

Under generally accepted accounting principles for fair value measurements, a three-tier hierarchy to prioritize the assumptions, referred to as inputs, is used in valuation techniques to measure fair value. The three-tier hierarchy of inputs is summarized in the three broad levels listed below.

• Level 1 — quoted prices in active markets for identical investments

• Level 2 — other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.)

• Level 3 — significant unobservable inputs (including a fund’s own assumptions in determining the fair value of investments)

In cases where the inputs used to measure fair value fall in different levels of the fair value hierarchy, the level disclosed is determined based on the lowest level input that is significant to the fair value measurement in its entirety. The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

At July 31, 2015, the hierarchy of inputs used in valuing the Portfolio’s investments and open derivative instruments, which are carried at value, were as follows:

Asset Description	Level 1			Level 2			Level 3*		Total
Common Stocks
Asia/Pacific	$	1,907,432		$	62,679,104		$	141,746	$	64,728,282
Developed Europe		—			574,689			—		574,689
Emerging Europe		—			13,671,400			—		13,671,400
Latin America		18,617,992			—			—		18,617,992
Middle East/Africa		87,488			6,008,642			—		6,096,130
North America		5,940			—			—		5,940
Total Common Stocks	$	20,618,852		$	82,933,835	**	$	141,746	$	103,694,433
Investment Funds	$	—		$	2,875,383		$	—	$	2,875,383
Warrants		1,091			—			—		1,091
Short-Term Investments		—			9,788,078			—		9,788,078
Total Investments	$	20,619,943		$	95,597,296		$	141,746	$	116,358,985
Forward Foreign Currency Exchange Contracts	$	—		$	818,356		$	—	$	818,356
Futures Contracts		—			32,909			—		32,909
Total	$	20,619,943		$	96,448,561		$	141,746	$	117,210,250
Liability Description
Forward Foreign Currency Exchange Contracts	$	—		$	(150,937	)	$	—	$	(150,937	)
Futures Contracts		(502,790	)		—			—		(502,790	)
Total	$	(502,790	)	$	(150,937	)	$	—	$	(653,727	)

* None of the unobservable inputs for Level 3 assets, individually or collectively, had a material impact on the Portfolio.

** Includes foreign equity securities whose values were adjusted to reflect market trading of comparable securities or other correlated instruments that occurred after the close of trading in their applicable foreign markets.

Level 3 investments at the beginning and/or end of the period in relation to net assets were not significant and accordingly, a reconciliation of Level 3 assets for the fiscal year to date ended July 31, 2015 is not presented. At July 31, 2015, the value of investments transferred between Level 1 and Level 2 during the fiscal year to date then ended was not significant.

For information on the Portfolio’s policy regarding the valuation of investments and other significant accounting policies, please refer to the Portfolio’s most recent financial statements included in its semiannual report to shareholders.

14

Item 2. Controls and Procedures

(a) It is the conclusion of the registrant’s principal executive officer and principal financial officer that the effectiveness of the registrant’s current disclosure controls and procedures (such disclosure controls and procedures having been evaluated within 90 days of the date of this filing) provide reasonable assurance that the information required to be disclosed by the registrant on this Form N-Q has been recorded, processed, summarized and reported within the time period specified in the Commission’s rules and forms and that the information required to be disclosed by the registrant on this Form N-Q has been accumulated and communicated to the registrant’s principal executive officer and principal financial officer in order to allow timely decisions regarding required disclosure.

(b) There have been no changes in the registrant’s internal controls over financial reporting during the fiscal quarter for which the report is being filed that have materially affected, or are reasonably likely to materially affect the registrant’s internal control over financial reporting.

Signatures

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Global Macro Capital Opportunities Portfolio

By:	/s/ Eric A. Stein
	Eric A. Stein
	President
Date:	September 21, 2015

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

By:	/s/ Eric A. Stein
	Eric A. Stein
	President
Date:	September 21, 2015

By:	/s/ James F. Kirchner
	James F. Kirchner
	Treasurer
Date:	September 21, 2015