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
ARCOS DORADOS HOLDINGS INC-A Com G0457F107 38,950 5,778,943 SH   SOLE   5,696,500 0 82,443
BROOKFIELD ASSET MANAGE-CL A Com 112585104 8,354 187,860 SH   SOLE   187,860 0 0
BROOKFIELD ASSET MANAGEMEN-A Com G16169107 66 1,476 SH   SOLE   1,476 0 0
CAMECO CORP Com 13321L108 25,706 1,225,871 SH   SOLE   1,225,871 0 0
CAPITAL SOUTHWEST CORP Com 140501107 2,318 125,820 SH   SOLE   125,820 0 0
COPA HOLDINGS SA-CLASS A Com P31076105 1,647 25,997 SH   SOLE   25,997 0 0
CSW INDUSTRIALS INC Com 126402106 2,026 19,664 SH   SOLE   19,664 0 0
DESPEGAR.COM CORP Com G27358103 18,308 2,260,210 SH   SOLE   2,182,355 0 77,855
JEFFERIES FINANCIAL GROUP IN Com 47233W109 32,083 1,161,599 SH   SOLE   1,161,599 0 0
NUTRIEN LTD Com 67077M108 28,474 357,308 SH   SOLE   352,786 0 4,522
SPECTRUM BRANDS HOLDINGS INC Com 84790A105 40,818 497,663 SH   SOLE   493,224 0 4,439
TIDEWATER INC Com 88642R109 50,855 2,411,323 SH   SOLE   2,376,109 0 35,214
WHEATON PRECIOUS METALS CORP Com 962879102 33,865 939,900 SH   SOLE   939,900 0 0