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
Vista Oil & Gas SAB de CV SPONSORED ADS 92837L109 726 177,195 SH   SOLE   177,195 0 0
Pagseguro Digital Ltd COM CL A G68707101 6,254 111,835 SH   SOLE   111,835 0 0
MELI 2 08/15/28 NOTE 2.000% 8/1 58733RAD4 17,764 5,000,000 SH   SOLE   5,000,000 0 0
Ecopetrol SA SPONSORED ADS 279158109 8,291 567,125 SH   SOLE   567,125 0 0
Petroleo Brasileiro SA SPONSORED ADR 71654V408 18,599 1,520,800 SH   SOLE   1,520,800 0 0
Petroleo Brasileiro SA PUT 71654V958 959 2,800 SH Put SOLE   2,800 0 0
Petroleo Brasileiro SA PUT 71654V958 1,532 8,830 SH Put SOLE   8,830 0 0
Petroleo Brasileiro SA PUT 71654V958 5,665 22,000 SH Put SOLE   22,000 0 0
iShares MSCI Brazil ETF MSCI BRAZIL ETF 464286400 4,865 120,000 SH   SOLE   120,000 0 0
iShares MSCI Brazil ETF PUT 464286950 1,020 2,400 SH Put SOLE   2,400 0 0
Banco Bradesco SA SP ADR PFD NEW 059460303 11,799 2,300,000 SH   SOLE   2,300,000 0 0
Vale SA SPONSORED ADS 91912E105 6,843 300,000 SH   SOLE   300,000 0 0
Vasta Platform Ltd CL A G9440A109 5,777 711,404 SH   SOLE   711,404 0 0
Embraer SA SPONSORED ADS 29082A107 3,028 200,000 SH   SOLE   200,000 0 0
Patria Investments Ltd COM CL A G69451105 5,305 301,063 SH   SOLE   301,063 0 0
Vinci Partners Investments Ltd COM CL A G9451V109 14,508 1,000,580 SH   SOLE   1,000,580 0 0
Adecoagro SA COM L00849106 8,797 876,195 SH   SOLE   876,195 0 0
iShares Gold Trust ISHARES 464285105 11,849 351,500 SH   SOLE   351,500 0 0
Enel Americas SA SPONSORED ADR 29274F104 4,447 615,997 SH   SOLE   615,997 0 0
Intercorp Financial Services I SHS P5626F128 1,465 58,319 SH   SOLE   58,319 0 0
Union Acquisition Corp II SHS G9402Q100 505 50,000 SH   SOLE   50,000 0 0
Loma Negra Cia Industrial Arge SPONSORED ADS 54150E104 1,649 242,147 SH   SOLE   242,147 0 0
IRSA Inversiones y Representac GLOBL DEP RCPT 450047204 655 176,471 SH   SOLE   176,471 0 0
iShares MSCI Emerging Markets PUT 464286953 638 3,000 SH Put SOLE   3,000 0 0
iShares MSCI Emerging Markets PUT 464286953 843 3,000 SH Put SOLE   3,000 0 0
iShares Russell 2000 ETF PUT 464287955 174 350 SH Put SOLE   350 0 0
iShares Russell 2000 ETF PUT 464287955 338 500 SH Put SOLE   500 0 0
iShares Russell 2000 ETF PUT 464287955 708 700 SH Put SOLE   700 0 0
iShares Russell 2000 ETF PUT 464287955 378 300 SH Put SOLE   300 0 0