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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
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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 FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
ANTERO RESOURCES CORP COM 03674X106   19,034,556 472,556 SH   SOLE   472,556 0 0
BANCO BBVA ARGENTINA S A SPONSORED ADS 058934100   3,806,770 231,274 SH   SOLE   231,274 0 0
BANCO MACRO SA SPON ADR B 05961W105   13,812,062 196,725 SH   SOLE   196,725 0 0
BARRICK MNG CORP COM SHS 06849F108   23,884,704 1,147,200 SH   SOLE   1,147,200 0 0
EQT CORP COM 26884L109   18,158,340 311,357 SH   SOLE   311,357 0 0
EQUINOX GOLD CORP COM 29446Y502   30,615,743 5,324,477 SH   SOLE   5,324,477 0 0
GRUPO FINANCIERO GALICIA S.A SPONSORED ADR 399909100   16,996,648 337,302 SH   SOLE   337,302 0 0
GULFPORT ENERGY CORP COMMON SHARES 402635502   15,730,488 78,195 SH   SOLE   78,195 0 0
ISHARES INC MSCI BRAZIL ETF 464286400   97,449,530 3,377,800 SH   SOLE   3,377,800 0 0
ISHARES TR MSCI EMG MKT ETF 464287234   178,527,997 81,522 SH   SOLE   81,522 0 0
KASPI KZ JSC SPONSORED ADS 48581R205   27,789,760 327,362 SH   SOLE   327,362 0 0
NEWMONT CORP COM 651639106   23,401,003 401,665 SH   SOLE   401,665 0 0
TECK RESOURCES LTD CL B 878742204   14,091,409 348,970 SH   SOLE   348,970 0 0
VANECK ETF TRUST JUNIOR GOLD MINE 92189F791   19,828,067 293,358 SH   SOLE   293,358 0 0
VISTA ENERGY S.A.B. DE C.V. SPONSORED ADS 92837L109   11,776,320 246,315 SH   SOLE   246,315 0 0
DEUTSCHE BANK A G NAMEN AKT D18190898   30,442,201 1,026,753 SH   SOLE   1,026,753 0 0
NU HLDGS LTD ORD SHS CL A G6683N103   15,510,035 1,130,469 SH   SOLE   1,130,469 0 0