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

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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
ALPHABET INC CAP STK CL A 02079K305   5,288,688 34,200 SH   DFND 1 34,200 0 0
ALPHABET INC CAP STK CL C 02079K107   6,249,200 40,000 SH   DFND 1 40,000 0 0
BERKSHIRE HATHAWAY INC DEL CL A 084670108   7,984,416 10 SH   SOLE   10 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702   16,616,496 31,200 SH   SOLE   31,200 0 0
COSAN S A ADS 22113B103   1,419,532 271,941 SH   SOLE   271,941 0 0
INVESCO EXCHANGE TRADED FD T S&P500 EQL WGT 46137V357   71,081,293 410,329 SH   DFND 1 410,329 0 0
INVESCO EXCHANGE TRADED FD T S&P500 EQL WGT 46137V357   25,677,363 148,227 SH   SOLE   148,227 0 0
ISHARES INC MSCI EURZONE ETF 464286608   7,914,548 148,630 SH   SOLE   148,630 0 0
ISHARES INC MSCI EURZONE ETF 464286608   16,144,171 303,120 SH   DFND 1 303,120 0 0
MICROSOFT CORP COM 594918104   9,309,672 24,800 SH   DFND 1 24,800 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103   36,019,681 64,391 SH   DFND 1 64,391 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103   2,125,682 3,800 SH   SOLE   3,800 0 0
SUZANO S A SPON ADS 86959K105   694,372 74,744 SH   SOLE   74,744 0 0
SUZANO S A SPON ADS 86959K105   2,506,470 269,803 SH   DFND 1 269,803 0 0
ULTRAPAR PARTICIPACOES SA SP ADR REP COM 90400P101   12,615,449 4,095,925 SH   SOLE   4,095,925 0 0
ULTRAPAR PARTICIPACOES SA SP ADR REP COM 90400P101   30,750,948 9,984,074 SH   DFND 1 9,984,074 0 0
WALDENCAST PLC CLASS A ORD SHS G9503X103   2,330,166 776,722 SH   DFND 1 776,722 0 0