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
ALIBABA GROUP HOLDING LTD ADR 01609W102   1,079,740 12,448 SH   SOLE 0 12,448 0 0
ALPHABET INC COM 02079K107   4,677,379 35,475 SH   SOLE 0 23,617 0 11,858
AMAZON.COM INC COM 023135106   4,702,804 36,995 SH   SOLE 0 24,525 0 12,470
AMERICAN TOWER CORP COM 03027X100   1,674,923 10,185 SH   SOLE 0 6,773 0 3,412
APPLE INC COM 037833100   2,529,799 14,776 SH   SOLE 0 9,906 0 4,870
ASML HOLDING NV NY REG SHRS N07059210   664,008 1,128 SH   SOLE 0 1,128 0 0
ASTRAZENECA PLC ADR 046353108   507,629 7,496 SH   SOLE 0 7,496 0 0
BANK OF AMERICA CORP COM 060505104   794,157 29,005 SH   SOLE 0 19,266 0 9,739
BERKSHIRE HATHAWAY INC COM 084670702   2,690,654 7,681 SH   SOLE 0 5,117 0 2,564
BOOKING HOLDINGS INC COM 09857L108   1,788,691 580 SH   SOLE 0 387 0 193
CANADIAN PACIFIC KANSAS CITY COM 13646K108   12,312,495 164,992 SH   SOLE 0 70,251 0 94,741
CEMEX SAB DE CV ADR 151290889   955,058 146,932 SH   SOLE 0 146,932 0 0
COPA HOLDINGS SA CL A P31076105   487,397 5,469 SH   SOLE 0 5,469 0 0
DANAHER CORPORATION COM 235851102   1,828,001 7,368 SH   SOLE 0 4,883 0 2,485
DOLLAR GEN CORP NEW COM 256677105   1,488,712 14,071 SH   SOLE 0 9,366 0 4,705
DR REDDYS LABS LTD ADR 256135203   415,998 6,221 SH   SOLE 0 6,221 0 0
ANTHEM INC COM 036752103   2,169,262 4,982 SH   SOLE 0 3,305 0 1,677
EQUINOR ASA ADR 29446M102   39,053 1,191 SH   SOLE 0 1,191 0 0
FABRINET COM G3323L100   982,891 5,899 SH   SOLE 0 5,899 0 0
FOMENTO ECONOMICO MEXICANO ADR 344419106   404,619 3,707 SH   SOLE 0 3,707 0 0
GLOBANT S A COM L44385109   1,033,568 5,224 SH   SOLE 0 5,224 0 0
GOLD FIELDS LTD ADR 38059T106   1,098,989 101,196 SH   SOLE 0 101,196 0 0
HDFC BANK LTD ADR 40415F101   6,828,047 115,710 SH   SOLE 0 60,292 0 55,418
ING GROEP N.V. ADR 456837103   619,513 47,004 SH   SOLE 0 47,004 0 0
INTERNATIONAL FLAVORS&FRAGRA COM 459506101   2,146,946 31,494 SH   SOLE 0 20,964 0 10,530
ISHARES MSCI INDIA SMALL-CAP ETF 46429B614   363,256 5,755 SH   SOLE 0 5,755 0 0
ITAU UNIBANCO HLDG S A ADR 465562106   786,055 146,379 SH   SOLE 0 146,379 0 0
MASTERCARD INC COM 57636Q104   2,748,011 6,941 SH   SOLE 0 4,607 0 2,334
META PLATFORMS INC COM 30303M102   4,830,079 16,089 SH   SOLE 0 10,679 0 5,410
MICROSOFT CORP COM 594918104   3,752,689 11,885 SH   SOLE 0 7,879 0 4,006
PAYPAL HOLDINGS INC COM 70450Y103   1,774,319 30,351 SH   SOLE 0 20,152 0 10,199
PETROLEO BRASILEIRO SA PETRO ADR 71654V408   534,004 35,624 SH   SOLE 0 35,624 0 0
S&P GLOBAL INC COM 78409V104   854,694 2,339 SH   SOLE 0 1,555 0 784
SAP SE ADR 803054204   405,677 3,137 SH   SOLE 0 3,137 0 0
SOUTHERN COPPER CORP COM 84265V105   1,749,062 23,231 SH   SOLE 0 23,231 0 0
STELLANTIS NV SHS N82405106   3,859,707 200,315 SH   SOLE 0 75,208 0 125,107
SUMITOMO MITSUI FINL GROUP ADR 86562M209   374,792 38,050 SH   SOLE 0 38,050 0 0
TAIWAN SEMICONDUCTOR MFG LTD ADS 874039100   5,768,596 66,382 SH   SOLE 0 30,675 0 35,707
TJX COS INC/THE COM 872540109   1,738,315 19,558 SH   SOLE 0 13,019 0 6,539
TOTALENERGIES SE ADS 89151E109   420,075 6,388 SH   SOLE 0 6,388 0 0
UBS GROUP AG SHS H42097107   13,273,259 535,334 SH   SOLE 0 226,274 0 309,060
VISA INC COM 92826C839   2,805,892 12,199 SH   SOLE 0 8,117 0 4,082
VISTA ENERGY S.A.B. DE C.V. ADS 92837L109   2,319,760 76,333 SH   SOLE 0 76,333 0 0
WNS HOLDINGS LTD ADR 92932M101   298,965 4,367 SH   SOLE 0 4,367 0 0