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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
CANADIAN PAC RY LTD COM 13645T100 4,011 54,814 SH   SOLE   54,814 0 0
DIAGEO PLC SPON ADR NEW 25243Q205 12,332 73,495 SH   SOLE   73,495 0 0
DOLLAR GEN CORP NEW COM 256677105 21,461 85,645 SH   SOLE   85,645 0 0
DANAHER CORPORATION COM 235851102 6,187 24,380 SH   SOLE   24,380 0 0
MASTERCARD INCORPORATED CL A 57636Q104 10,008 31,324 SH   SOLE   31,324 0 0
MICROSOFT CORP COM 594918104 3,818 16,506 SH   SOLE   16,506 0 0
NU HLDGS LTD ORD SHS CL A G6683N103 15,146 3,450,000 SH   SOLE   3,450,000 0 0
S&P GLOBAL INC COM 78409V104 9,422 30,245 SH   SOLE   30,245 0 0
SUZANO S A SPON ADS 86959K105 31,481 3,212,333 SH   SOLE   3,212,333 0 0
VALE S A SPONSORED ADS 91912E105 25,162 1,831,300 SH   SOLE   1,831,300 0 0
SPDR SER TR S&P BIOTECH 78464A870 19,080 232,905 SH   SOLE   232,905 0 0
YANDEX N V SHS CLASS A N97284108 10 100,000 SH   SOLE   100,000 0 0