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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
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 SHS CLASS -A - G0457F107 13,858 3,307,398 SH   SOLE   3,307,398 0 0
DESPEGAR COM CORP ORD SHS G27358103 3,755 523,021 SH   SOLE   523,021 0 0
FACEBOOK INC CL A 30303M102 54,406 239,600 SH   SOLE   239,600 0 0
MERCADOLIBRE INC COM 58733R102 22,522 22,847 SH   SOLE   22,847 0 0
NATURA &CO HLDG S A ADS 63884N108 31,433 2,166,272 SH   SOLE   2,166,272 0 0
STONECO LTD COM CL A G85158106 100,069 2,581,755 SH   SOLE   2,581,755 0 0
VALE S A SPONSORED ADS 91912E105 18,798 1,823,302 SH   SOLE   1,823,302 0 0
XP INC CL A G98239109 395 9,410 SH   SOLE   9,410 0 0