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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
BANCO BBVA ARGENTINA S A SPONSORED ADS 058934100 BBG001S62B15 909,624 50,200 SH   SOLE   50,200 0 0
BANCO MACRO SA SPON ADR B 05961W105 BBG001SQK8Y2 475,713 6,300 SH   SOLE   6,300 0 0
BARRICK GOLD CORP COM 067901108 BBG001S5N9P3 38,885,832 2,000,300 SH   SOLE   2,000,300 0 0
BIONTECH SE SPONSORED ADS 09075V102 BBG00Q70B4L0 910,600 10,000 SH   SOLE   10,000 0 0
CRESUD S A C I F Y A SPONSORED ADR 226406106 BBG001S7XKP3 1,932,777 174,912 SH   SOLE   174,912 0 0
GRUPO FINANCIERO GALICIA S.A SPONSORED ADR 399909100 BBG001SKXC54 553,796 10,167 SH   SOLE   10,167 0 0
IRSA INVERSIONES Y REP S A SPON GDS ECH 10 450047303 BBG001S8CL18 1,336,456 103,601 SH   SOLE   103,601 0 0
LOMA NEGRA C I A S A MTN 14 SPONSORED ADS 54150E104 BBG00HMSHSQ8 131,880 12,000 SH   SOLE   12,000 0 0
NEWMONT CORP COM 651639106 BBG001S5TKX3 4,876,280 101,000 SH   SOLE   101,000 0 0
UBS GROUP AG SHS H42097107 BBG007936GX0 18,085,577 595,000 SH   SOLE   595,000 0 0
VALARIS LTD CL A G9460G101 BBG010JW9K58 1,570,400 40,000 SH   SOLE   40,000 0 0
VISTA ENERGY S.A.B. DE C.V. SPONSORED ADS 92837L109 BBG00PMMBRR0 566,448 12,166 SH   SOLE   12,166 0 0
YPF SOCIEDAD ANONIMA SPON ADR CL D 984245100 BBG001S61Q40 1,576,800 45,000 SH   SOLE   45,000 0 0