AZUL SA ADR 05501U106 1306 79811 SH SOLE 79811 0 0 GRUPO TELEVISA SA ADR ADR 40049J206 1326 70000 SH SOLE 70000 0 0 BANCO MACRO BANSUD S A SPON ADR B ADR 05961W105 4731 80479 SH SOLE 80479 0 0 BANK OF AMERICA CORP COM STK COM 060505104 32665 1158744 SH SOLE 1158744 0 0 EBAY INC COM STK COM 278642103 29748 820399 SH SOLE 820399 0 0 CENTRAL PUERTO SPONSORED ADR 155038201 2277 230000 SH SOLE 230000 0 0 IRSA PROPIEDADES COMERCIALES S ADR ADR 463588103 3559 114829 SH SOLE 114829 0 0 BANCO BRADESCO SA BRAD ADR ADR 059460303 8377 1221116 SH SOLE 1221116 0 0 BRF BRASIL FOODS SA ADR ADR 10552T107 1829 390789 SH SOLE 390789 0 0 GERDAU SA COSG ADR ADR 373737105 1593 450000 SH SOLE 450000 0 0 FIBRIA CELULOSE SASPON ADR SPONSORED ADR 31573A109 10806 581267 SH SOLE 581267 0 0 TELECOM ARGENTINA SA ADR ADR 879273209 1112 62702 SH SOLE 62702 0 0 VALE SA ADR ADR 91912E105 24618 1920287 SH SOLE 1920287 0 0 LOMA NGR ARG SCD SPONSORED ADS 54150E104 4617 450000 SH SOLE 450000 0 0 CIA SANEAMENTO BASICO DO ESTAD ADR ADR 20441A102 2825 470000 SH SOLE 470000 0 0 PETROLEO BRASILEIRO SA PETROBR ADR ADR 71654V101 1318 149145 SH SOLE 149145 0 0 ROYAL DUTCH SHELL PLC ADR ADR 780259206 6713 96973 SH SOLE 96973 0 0