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
ADOBE INC COM 00724F101 4,144 15,000 SH   SOLE N/A 15,000 0 0
ALIBABA GROUP HLDG LTD SPONSORED ADS 01609W102 10,519 62,900 SH   SOLE N/A 62,900 0 0
AMAZON COM INC COM 023135106 6,944 4,000 SH   SOLE N/A 4,000 0 0
BANCO MACRO SA SPON ADR B 05961W105 1,420 54,586 SH   SOLE N/A 54,586 0 0
DBX ETF TR XTRACK HRVST CSI 233051879 20,087 741,500 SH   SOLE N/A 741,500 0 0
ELECTRONIC ARTS INC COM 285512109 4,402 45,000 SH   SOLE N/A 45,000 0 0
FACEBOOK INC CL A 30303M102 4,986 28,000 SH   SOLE N/A 28,000 0 0
GRUPO FINANCIERO GALICIA S A SPONSORED ADR 399909100 1,134 87,250 SH   SOLE N/A 87,250 0 0
ISHARES TR MSCI CHINA ETF 46429B671 53,540 954,700 SH   SOLE N/A 954,700 0 0
ISHARES TR MSCI EMG MKT ETF 464287234 9,543 233,500 SH   SOLE N/A 233,500 0 0
KRAFT HEINZ CO COM 500754106 4,946 177,100 SH Call SOLE N/A 177,100 0 0
LOMA NEGRA CORP SPONSORED ADS 54150E104 592 103,000 SH   SOLE N/A 103,000 0 0
MERCADOLIBRE INC COM 58733R102 34,810 63,150 SH   SOLE N/A 63,150 0 0
MICROSOFT CORP COM 594918104 5,561 40,000 SH   SOLE N/A 40,000 0 0
NEW ORIENTAL ED & TECH GRP I SPON ADR 647581107 3,827 34,550 SH   SOLE N/A 34,550 0 0
NVIDIA CORP COM 67066G104 1,288 7,400 SH   SOLE N/A 7,400 0 0
PAMPA ENERGIA S A SPONS ADR LVL I 697660207 1,672 96,285 SH   SOLE N/A 96,285 0 0
PETROLEO BRASILEIRO SA PETRO SP ADR NON VTG 71654V101 5,597 425,926 SH   SOLE N/A 425,926 0 0
SALESFORCE COM INC COM 79466L302 6,680 45,000 SH   SOLE N/A 45,000 0 0
SEA LTD SPONSORED ADS 81141R100 10,913 352,600 SH   SOLE N/A 352,600 0 0
SERVICENOW INC COM 81762P102 5,077 20,000 SH   SOLE N/A 20,000 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 5,342 18,000 SH   SOLE N/A 18,000 0 0
TELECOM ARGENTINA S A SPON ADR REP B 879273209 704 70,400 SH   SOLE N/A 70,400 0 0
ULTRAPAR PARTICIPACOES S A SP ADR REP COM 90400P101 18,615 4,164,363 SH   SOLE N/A 4,164,363 0 0
VALE S A SPONSORED ADS 91912E105 9,000 782,596 SH   SOLE N/A 782,596 0 0
WORKDAY INC CL A 98138H101 3,399 20,000 SH   SOLE N/A 20,000 0 0
YPF SOCIEDAD ANONIMA SPON ADR CL D 984245100 1,250 135,096 SH   SOLE N/A 135,096 0 0