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
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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
ARCOS DORADOS HOLDINGS INC SHS CLASS -A - G0457F107   320,129 77,513 SH   SOLE   0 0 77,513
ALIBABA GROUP HLDG LTD SPONSORED ADS 01609W102   12,182,736 56,480 SH   SOLE   0 0 56,480
BANCO BRADESCO S A SP ADR PFD NEW 059460303   1,884 600 SH   SOLE   0 0 600
BOOKING HOLDINGS INC COM 09857L108   6,020,638 3,781 SH   SOLE   0 0 3,781
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702   7,745,549 43,390 SH   SOLE   0 0 43,390
DESPEGAR COM CORP ORD SHS G27358103   1,735,104 241,658 SH   SOLE   0 0 241,658
ISHARES INC MSCI MEXICO ETF 464286822   35,316,664 1,107,800 SH   SOLE   0 0 1,107,800
ISHARES INC MSCI BRAZIL ETF 464286400   6,039,715 210,004 SH   SOLE   0 0 210,004
XP INC CL A G98239109   45,386,470 1,080,373 SH   SOLE   0 0 1,080,373
LOMA NEGRA CORP SPONSORED ADS 54150E104   1,612,836 378,600 SH   SOLE   0 0 378,600
MASTERCARD INCORPORATED CL A 57636Q104   3,995,498 13,512 SH   SOLE   0 0 13,512
MERCADOLIBRE INC COM 58733R102   43,374 44 SH   SOLE   0 0 44
MICRON TECHNOLOGY INC COM 595112103   3,930,976 76,300 SH   SOLE   0 0 76,300
COMPANHIA DE SANEAMENTO BASI SPONSORED ADR 20441A102   1,171,266 111,443 SH   SOLE   0 0 111,443
TIM PARTICIPACOES S A SPONSORED ADR 88706P205   129,788 10,030 SH   SOLE   0 0 10,030
VISA INC COM CL A 92826C839   4,027,595 20,850 SH   SOLE   0 0 20,850
ISHARES INC CALL 464286900   3,415,500 27,000 SH Call SOLE   0 0 27,000