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
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
ACTIVISION BLIZZARD INC COM 00507V109 6,653 100,000 SH   DFND 1 100,000 0 0
ALPHABET INC CAP STK CL C 02079K107 11,574 4,000 SH   DFND 1 4,000 0 0
ANHEUSER BUSCH INBEV SA/NV SPONSORED ADR 03524A108 3,165 52,300 SH   SOLE   52,300 0 0
BERKSHIRE HATHAWAY INC DEL CL A 084670108 4,507 10 SH   SOLE   10 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 11,960 40,000 SH   SOLE   40,000 0 0
BRISTOL-MYERS SQUIBB CO COM 110122108 9,976 160,000 SH   DFND 1 160,000 0 0
DISNEY WALT CO COM 254687106 2,788 18,000 SH   SOLE   18,000 0 0
JPMORGAN CHASE & CO COM 46625H100 7,918 50,000 SH   DFND 1 50,000 0 0
KELLOGG CO COM 487836108 3,865 60,000 SH   SOLE   60,000 0 0
KRAFT HEINZ CO COM 500754106 3,590 100,000 SH   SOLE   100,000 0 0
MERCK & CO INC COM 58933Y105 9,197 120,000 SH   SOLE   120,000 0 0
MICROSOFT CORP COM 594918104 15,134 45,000 SH   DFND 1 45,000 0 0
ORACLE CORP COM 68389X105 10,465 120,000 SH   SOLE   120,000 0 0
PFIZER INC COM 717081103 5,905 100,000 SH   SOLE   100,000 0 0
PFIZER INC COM 717081103 8,267 140,000 SH   DFND 1 140,000 0 0
PROSHARES TR SHORT S&P 500 NE 74347B425 9,806 720,000 SH   DFND 1 720,000 0 0
ULTRAPAR PARTICIPACOES SA SP ADR REP COM 90400P101 30,400 11,515,122 SH   DFND 1 11,515,122 0 0
ULTRAPAR PARTICIPACOES SA SP ADR REP COM 90400P101 10,813 4,095,925 SH   SOLE   4,095,925 0 0
WELLS FARGO CO NEW COM 949746101 4,798 100,000 SH   DFND 1 100,000 0 0