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

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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
AMERICAN EXPRESS CO COM 025816109 16,001 132,340 SH   SOLE 132,340 0 0
BANCO BRADESCO S A SP ADR PFD NEW 059460303 24,922 4,738,000 SH   SOLE 4,738,000 0 0
BOTTOMLINE TECH DEL INC COM 101388106 18,357 348,070 SH   SOLE 348,070 0 0
FIDELITY NATL INFORMATION SV COM 31620M106 23,869 168,736 SH   SOLE 168,736 0 0
GOLDMAN SACHS GROUP INC COM 38141G104 23,154 87,800 SH   SOLE 87,800 0 0
INTERCONTINENTAL EXCHANGE IN COM 45866F104 21,459 186,132 SH   SOLE 186,132 0 0
MORNINGSTAR INC COM 617700109 32,230 139,180 SH   SOLE 139,180 0 0
PAGSEGURO DIGITAL LTD COM CL A G68707101 36,765 646,356 SH   SOLE 646,356 0 0
PAYPAL HLDGS INC COM 70450Y103 18,783 80,200 SH   SOLE 80,200 0 0
STONECO LTD COM CL A G85158106 27,897 332,418 SH   SOLE 332,418 0 0