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
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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
ALCOA CORP COM 013872106 3,716 113,800 SH   SOLE   113,800 0 0
BANCO MACRO SA SPON ADR B 05961W105 4,361 47,300 SH   SOLE   47,300 0 0
BANK AMER CORP COM 060505104 2,965 122,200 SH   SOLE   122,200 0 0
CHARTER COMMUNICATIONS INC N CL A 16119P108 7,714 22,900 SH   SOLE   22,900 0 0
COMCAST CORP NEW CL A 20030N101 6,834 175,600 SH   SOLE   175,600 0 0
DISH NETWORK CORP CL A 25470M109 8,008 127,600 SH   SOLE   127,600 0 0
GRUPO FINANCIERO GALICIA S A SP ADR 10 SH B 399909100 3,927 92,100 SH   SOLE   92,100 0 0
ISHARES TR NASDQ BIOTEC ETF 464287556 5,395 17,400 SH   SOLE   17,400 0 0
LYONDELLBASELL INDUSTRIES N SHS - A - N53745100 3,958 46,900 SH   SOLE   46,900 0 0
MGM RESORTS INTERNATIONAL COM 552953101 6,624 211,700 SH   SOLE   211,700 0 0
PAMPA ENERGIA S A SPONS ADR LVL I 697660207 7,162 121,700 SH   SOLE   121,700 0 0
SELECT SECTOR SPDR TR SBI INT-FINL 81369Y605 3,977 161,200 SH   SOLE   161,200 0 0
T MOBILE US INC COM 872590104 8,463 139,600 SH   SOLE   139,600 0 0
TIME WARNER INC COM NEW 887317303 7,240 72,100 SH   SOLE   72,100 0 0
WESTLAKE CHEM CORP COM 960413102 2,291 34,600 SH   SOLE   34,600 0 0