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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 (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
AMBEV SA SPONSORED ADR 02319V103 555 201,000 SH   SOLE   201,000 0 0
AMBEV SA SPONSORED ADR 02319V103 175 200,000 SH Put SOLE   200,000 0 0
ALPHA CAPITAL ACQUISITION CO UNIT 02/16/2026 G0316P114 11,108 1,149,900 SH   SOLE   1,149,900 0 0
ISHARES INC MSCI BRAZIL ETF 464286400 3,213 100,000 SH   SOLE   100,000 0 0
ISHARES INC MSCI BRAZIL ETF 464286400 1,020 100,000 SH Put SOLE   100,000 0 0
HPX CORP UNIT 99/99/9999 G32219118 21,629 2,150,000 SH   SOLE   2,150,000 0 0
MELI KASZEK PIONEER CORP CLASS A ORD G5S74L106 3,315 300,000 SH   SOLE   300,000 0 0
MERCADOLIBRE INC COM 58733R102 56,786 33,813 SH   SOLE   33,813 0 0
PETROLEO BRASILEIRO SA PETRO SPONSORED ADR 71654V408 46,546 4,501,500 SH   SOLE   4,501,500 0 0
PETROLEO BRASILEIRO SA PETRO SPONSORED ADR 71654V408 239 216,300 SH Put SOLE   216,300 0 0
PETROLEO BRASILEIRO SA PETRO SPONSORED ADR 71654V408 2,089 1,313,700 SH Put SOLE   1,313,700 0 0
PETROLEO BRASILEIRO SA PETRO SPONSORED ADR 71654V408 2,360 971,100 SH Put SOLE   971,100 0 0
PETROLEO BRASILEIRO SA PETRO SPONSORED ADR 71654V408 6,220 2,000,000 SH Put SOLE   2,000,000 0 0
VALOR LATITUDE ACQUISITN COR UNIT 04/02/2026 ADDED G9460N114 10,945 1,100,000 SH   SOLE   1,100,000 0 0
WALDENCAST ACQUISITION CORP UNIT 03/11/2026 ADDED G9460C126 32,722 3,230,203 SH   SOLE   3,230,203 0 0
XP INC CL A G98239109 62,613 1,558,690 SH   SOLE   1,558,690 0 0