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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
AMBEV SA SPONSORED ADR 02319V103 BBG00B8G9C14 11,720 468,800 SH Call SOLE   468,800 0 0
APPLE INC COM 037833100 BBG01FV8K8Y6 12,000 200,000 SH Put SOLE   200,000 0 0
APPLE INC COM 037833100 BBG01FV8K8Y6 36,124,404 187,630 SH   SOLE   187,630 0 0
ALMACENES EXITO S A SPON ADS 02028M105 BBG01HTN6KT7 83,865,102 11,696,667 SH   SOLE   11,696,667 0 0
ALPHABET INC CAP STK CL C 02079K305 BBG009S39JX6 12,907,356 82,400 SH   SOLE   82,400 0 0
ALPHABET INC CAP STK CL C 02079K305 BBG009S39JX6 1,205,600 880,000 SH Call SOLE   880,000 0 0
BANCO BRADESCO S A SP ADR PFD NEW 059460303 BBG000BS6WW3 9,980,226 2,749,700 SH   SOLE   2,749,700 0 0
BANCO BRADESCO S A SP ADR PFD NEW 059460303 BBG000BS6WW3 1,805,570 2,777,800 SH Put SOLE   2,777,800 0 0
BANCO SANTANDER BRASIL S A ADR 05967A107 BBG000QSFS65 655,000 100,000 SH   SOLE   100,000 0 0
COMPANHIA PARANAENSE DE ENER SPON ADS 20441B605 BBG000BHMXD8 25,162,929 2,881,099 SH   SOLE   2,881,099 0 0
COMPANHIA PARANAENSE DE ENER SPON ADS 20441B704 BBG01KK16ZG8 4,967,088 631,142 SH   SOLE   631,142 0 0
CENTRAIS ELETRICAS BRASILEIR SPONSORED ADR 15234Q207 BBG000BL5Q89 12,344 1,432 SH   SOLE   1,432 0 0
COMPANHIA BRASILEIRA DE DIST SPONSORED ADR 20440T300 BBG000J7LRY3 1,695,603 2,119,504 SH   SOLE   2,119,504 0 0
CIA ENERGETICA DE MINAS GERA SPONSORED ADR 204409882 BBG000BBKV10 3,214,915 915,792 SH   SOLE   915,792 0 0
ISHARES INC MSCI BRAZIL ETF 464286400 BBG000CPLR52 1,423,711 2,009,400 SH Call SOLE   2,009,400 0 0
ISHARES INC MSCI BRAZIL ETF 464286400 BBG000CPLR52 1,597,648 1,505,600 SH Put SOLE   1,505,600 0 0
ISHARES INC MSCI BRAZIL ETF 464286400 BBG000CPLR52 39,715,726 3,100,421 SH   SOLE   3,100,421 0 0
ISHARES TR RUSSELL 2000 ETF 464287655 BBG000CGC9C4 8,951,666 44,600 SH   SOLE   44,600 0 0
ISHARES TR RUSSELL 2000 ETF 464287655 BBG000CGC9C4 2,299,693 1,540,100 SH Call SOLE   1,540,100 0 0
ITAU UNIBANCO HLDG S A SPON ADR REP PFD 465562106 BBG000BPVKZ4 22,801,556 3,238,750 SH   SOLE   3,238,750 0 0
KRANESHARES TR CSI CHI INTERNET 78464A698 BBG000D82H52 192,000 2,000,000 SH Call SOLE   2,000,000 0 0
PETROLEO BRASILEIRO SA PETRO SPONSORED ADR 71654V408 BBG000BS6FX9 60,103 2,010,100 SH Call SOLE   2,010,100 0 0
PETROLEO BRASILEIRO SA PETRO SPONSORED ADR 71654V408 BBG000BS6FX9 591,487 1,681,900 SH Put SOLE   1,681,900 0 0
PETROLEO BRASILEIRO SA PETRO SPONSORED ADR 71654V408 BBG000BS6FX9 54,197,741 3,353,610 SH   SOLE   3,353,610 0 0
PETROLEO BRASILEIRO SA PETRO SP ADR NON VTG 71654V101 BBG000BVNV22 85,690 5,608 SH   SOLE   5,608 0 0
SIGMA LITHIUM CORPORATION COM 826599102 BBG00L95H2Y2 2,970,605 1,866,800 SH Call SOLE   1,866,800 0 0
VALE S A SPONSORED ADS 91912E105 BBG000BN5LG7 77,515,591 4,887,490 SH   SOLE   4,887,490 0 0
VALE S A SPONSORED ADS 91912E105 BBG000BN5LG7 136,064 1,513,300 SH Call SOLE   1,513,300 0 0
VANECK ETF TRUST GOLD MINERS ETF 92189F106 BBG000CRF6Q8 2,413,446 77,828 SH   SOLE   77,828 0 0