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
COMPANHIA DE SANEAMENTO BASI SPONSORED ADR 20441A102 71,200 7,946,396 SH   SOLE   7,946,396 0 0
MOODYS CORP COM 615369105 59,365 633,500 SH   SOLE   633,500 0 0
SANTANDER CONSUMER USA HDG I COM 80283M101 108,517 10,505,000 SH   SOLE   10,505,000 0 0
VISA INC COM CL A 92826C839 32,664 440,400 SH   SOLE   440,400 0 0
WELLS FARGO & CO NEW COM 949746101 20,163 426,000 SH   SOLE   426,000 0 0