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
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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
COSAN S A ADS 22113B103 2,000 62,212 SH   SOLE   62,212 0 0
GERDAU SA SPON ADR REP PFD 373737105 1,000 127,806 SH   SOLE   0 0 127,806
MERCADOLIBRE INC COM 58733R102 14,000 9,232 SH   SOLE   9,232 0 0
PETROLEO BRASILEIRO SA PETRO SPONSORED ADR 71654V408 1,000 41,055 SH   SOLE   41,055 0 0
STONECO LTD COM CL A G85158106 23,000 369,154 SH   SOLE   369,154 0 0
SUZANO S A SPON ADS 86959K105 1,000 81,754 SH   SOLE   81,754 0 0
XP INC CL A G98239109 37,000 956,735 SH   SOLE   956,735 0 0