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
COMPANHIA DE SANEAMENTO BASI SPONSORED ADR 20441A102 39,762 8,644,000 SH   SOLE   8,644,000 0 0
CSX CORP COM 126408103 42,636 1,643,000 SH   SOLE   1,643,000 0 0
MOODYS CORP COM 615369105 45,103 449,500 SH   SOLE   449,500 0 0
NIELSEN HLDGS PLC SHS EUR G6518L108 30,393 652,200 SH   SOLE   652,200 0 0
VISA INC COM CL A 92826C839 41,179 531,000 SH   SOLE   531,000 0 0
WELLS FARGO & CO NEW COM 949746101 62,188 1,144,000 SH   SOLE   1,144,000 0 0