GRUPO TELEVISA SA ADR ADR 40049J206 2005 113000 SH SOLE 113000 0 0 ARCELORMITTAL ADR ADR 03938L203 2893 93750 SH SOLE 93750 0 0 KEYCORP NY COM STK COM 493267108 6962 350000 SH SOLE 350000 0 0 CEMEX SAB DE CV ADR ADR 151290889 1126 160000 SH SOLE 160000 0 0 GAP INC COM 364760108 20206 700386 SH SOLE 700386 0 0 GRUPO FINANCIERO SANTANDER MEX ADR ADR 05969B103 2328 300000 SH SOLE 300000 0 0 DEUTSCHE BANK AG COM COM D18190898 3159 278065 SH SOLE 278065 0 0 BANK OF AMERICA CORP COM STK COM 060505104 4839 164251 SH SOLE 164251 0 0 MURPHY USA INC COM 626755102 10542 123356 SH SOLE 123356 0 0 EBAY INC COM STK COM 278642103 41480 1256199 SH SOLE 1256199 0 0 CROWN HOLDINGS INC COM STK COM 228368106 8869 184767 SH SOLE 184767 0 0 CITIGROUP INC COM STK COM 172967424 5151 71799 SH SOLE 71799 0 0 IRSA PROPIEDADES COMERCIALES S ADR ADR 463588103 2730 114334 SH SOLE 114334 0 0 BANCO BRADESCO SA BRAD ADR ADR 059460303 13696 1934487 SH SOLE 1934487 0 0 ROYAL DUTCH SHELL PLC ADR ADR 780259206 7999 117398 SH SOLE 117398 0 0 CITIZENS FINANCIAL GROUP INC COM STK COM 174610105 14374 372671 SH SOLE 372671 0 0 RIO TINTO PLC ADR ADR 767204100 7792 152717 SH SOLE 152717 0 0 ARAMARK COM STK COM 03852U106 10355 240700 SH SOLE 240700 0 0 CENTRAL PUERTO SPONSORED ADR 155038201 2369 230000 SH SOLE 230000 0 0 CALL PBR 100 @ 13 EXP 12212018 CALL 99OY56LB7 1146 10650 SH SOLE 10650 0 0 PETROLEO BRASIL ADR 71654V408 28337 2347728 SH SOLE 2347728 0 0 COMPANHIA BRASILEIRA DE DISTRIBUIACAO ADR 20440T201 2369 110274 SH SOLE 110274 0 0 COPA HOLDINGS SA COM STK COM P31076105 1198 15000 SH SOLE 15000 0 0 BHP BILLITON LTD ADR ADR 088606108 1407 28233 SH SOLE 28233 0 0 TERNIUM SA ADR ADR 880890108 4081 134718 SH SOLE 134718 0 0 FIBRIA CELULOSE SASPON ADR ADR 31573A109 11096 598801 SH SOLE 598801 0 0 GERDAU SA COSG ADR ADR 373737105 5467 1298646 SH SOLE 1298646 0 0 VALE SA ADR ADR 91912E105 2382 160488 SH SOLE 160488 0 0 LOMA NGR ARG SCD SPONSORED ADS 54150E104 3536 400000 SH SOLE 400000 0 0 EMBRAER S A ADR ADR 29082A107 3314 169179 SH SOLE 169179 0 0 ISHARES MSCI BRAZIL ETF ETF 464286400 7214 213862 SH SOLE 213862 0 0 PETROLEO BRASILEIRO SA PETROBR ADR ADR 71654V101 14337 1370633 SH SOLE 1370633 0 0