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 FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
ADVANCED MICRO DEVICES INC COM 007903107 BBG001S5NN36 277,203 2,696 SH   SOLE   2,696 0 0
AES CORP COM 00130H105 BBG001S6B1L5 184,938 12,167 SH   SOLE   12,167 0 0
AES CORP COM 00130H105 BBG001S6B1L5 228,000 15,000 SH Call SOLE   15,000 0 0
AES CORP COM 00130H105 BBG001S6B1L5 231,040 15,200 SH Put SOLE   15,200 0 0
ALASKA AIR GROUP INC COM 011659109 BBG001S5NLG6 441,771 11,914 SH   SOLE   11,914 0 0
ALMACENES EXITO S A SPON ADS 02028M105 BBG01HTN6LN1 49,482,515 9,029,656 SH   SOLE   9,029,656 0 0
ALPHABET INC CAP STK CL A 02079K305 BBG009S39JY5 1,349,952 10,316 SH   SOLE   10,316 0 0
ALPHABET INC CAP STK CL C 02079K107 BBG009S3NB21 1,318,500 10,000 SH   SOLE   10,000 0 0
AMAZON COM INC COM 023135106 BBG001S5PQL7 1,046,198 8,230 SH   SOLE   8,230 0 0
AMBEV SA SPONSORED ADR 02319V103 BBG005KLVT74 37,926 14,700 SH   SOLE   14,700 0 0
AMERICAN EXPRESS CO COM 025816109 BBG001S5P034 282,566 1,894 SH   SOLE   1,894 0 0
AMGEN INC COM 031162100 BBG001S5NNL6 519,513 1,933 SH   SOLE   1,933 0 0
APPLE INC COM 037833100 BBG001S5N8V8 428,025 2,500 SH Put SOLE   2,500 0 0
ARCH CAP GROUP LTD ORD G0450A105 BBG001S9HZ74 261,927 3,286 SH   SOLE   3,286 0 0
ARCOS DORADOS HOLDINGS INC SHS CLASS -A - G0457F107 BBG001V0XGV6 2,362,162 249,700 SH   SOLE   249,700 0 0
AXON ENTERPRISE INC COM 05464C101 BBG001SB2HG5 298,485 1,500 SH Call SOLE   1,500 0 0
AZUL S A SPONSR ADR PFD 05501U106 BBG007NH4TV9 1,631,293 189,906 SH   SOLE   189,906 0 0
BAIDU INC SPON ADR REP A 056752108 BBG001SNBKD5 622,175 4,631 SH   SOLE   4,631 0 0
BAKER HUGHES COMPANY CL A 05722G100 BBG00GBVBK60 439,345 12,439 SH   SOLE   12,439 0 0
BANCO BRADESCO S A SP ADR PFD NEW 059460303 BBG001SF7657 47,042 16,506 SH   SOLE   16,506 0 0
BANCO SANTANDER BRASIL S A ADS REP 1 UNIT 05967A107 BBG001T5JFT9 68,229 13,300 SH   SOLE   13,300 0 0
CENTRAIS ELETRICAS BRASILEIR SPONSORED ADR 15234Q207 BBG001S8FGT6 238,430 32,617 SH   SOLE   32,617 0 0
CHEVRON CORP NEW COM 166764100 BBG001S67ZC5 428,632 2,542 SH   SOLE   2,542 0 0
CHURCH & DWIGHT CO INC COM 171340102 BBG001S5PR99 366,520 4,000 SH Put SOLE   4,000 0 0
CI&T INC COM CL A G21307106 BBG00PVKYX69 282,536 43,467 SH   SOLE   43,467 0 0
CIA ENERGETICA DE MINAS GERA SP ADR N-V PFD 204409601 BBG001S64WN3 3,310,802 1,368,100 SH   SOLE   1,368,100 0 0
CLARUS CORP NEW COM 18270P109 BBG001SBNNC3 2,831,674 374,560 SH   SOLE   374,560 0 0
COCA COLA CO COM 191216100 BBG001S5SMQ8 552,187 9,864 SH   SOLE   9,864 0 0
COMPANHIA BRASILEIRA DE DIST SPONSORED ADR 20440T300 BBG001S9YV92 75,807 113,739 SH   SOLE   113,739 0 0
COMPANHIA DE SANEAMENTO BASI SPONSORED ADR 20441A102 BBG001S8LLN4 1,374,408 113,400 SH   SOLE   113,400 0 0
COPA HOLDINGS SA CL A P31076105 BBG001SKXLQ1 3,368,736 37,800 SH   SOLE   37,800 0 0
DEXCOM INC COM 252131107 BBG001SKZG99 946,622 10,146 SH   SOLE   10,146 0 0
DISNEY WALT CO COM 254687106 BBG001S5QHF3 205,462 2,535 SH   SOLE   2,535 0 0
ELEVANCE HEALTH INC COM 036752103 BBG001S6KBQ8 522,504 1,200 SH   SOLE   1,200 0 0
ETF MANAGERS TR ETFMG ALTR HRVST 26924G508 BBG00B9M3PB6 109,500 30,000 SH   SOLE   30,000 0 0
FULL TRUCK ALLIANCE CO LTD SPONSORED ADS 35969L108 BBG01186DMM7 341,539 48,514 SH   SOLE   48,514 0 0
GLOBAL X FDS GLOBAL X COPPER 37954Y830 BBG001T8JBX7 819,990 22,521 SH   SOLE   22,521 0 0
GLOBAL X FDS GLOBAL X URANIUM 37954Y871 BBG001TF8NP6 11,560,952 427,550 SH   SOLE   427,550 0 0
GLOBAL X FDS GLOBAL X URANIUM 37954Y871 BBG001TF8NP6 1,487,200 55,000 SH Call SOLE   55,000 0 0
GOLDMAN SACHS GROUP INC COM 38141G104 BBG001SC07Z6 1,897,414 5,864 SH   SOLE   5,864 0 0
GRUPO AVAL ACCIONES Y VALORE SPONSORED ADS 40053W101 BBG004T0ZN64 63,467 26,226 SH   SOLE   26,226 0 0
GRUPO FINANCIERO GALICIA S.A SPONSORED ADR 399909100 BBG001SKXC54 652,500 50,000 SH   SOLE   50,000 0 0
HDFC BANK LTD SPONSORED ADS 40415F101 BBG001SJB7J7 1,416,240 24,000 SH   SOLE   24,000 0 0
HILTON WORLDWIDE HLDGS INC COM 43300A203 BBG0058KMH49 390,468 2,600 SH   SOLE   2,600 0 0
HOME DEPOT INC COM 437076102 BBG001S5RTW7 863,271 2,857 SH   SOLE   2,857 0 0
HOWMET AEROSPACE INC COM 443201108 BBG00DYNJH69 536,500 11,600 SH   SOLE   11,600 0 0
INTER & CO INC CLASS A COM G4R20B107 BBG017Y8GKR7 13,826,024 3,456,506 SH   SOLE   3,456,506 0 0
INVESCO EXCH TRADED FD TR II INVESCO PHLX SM 46138G615 BBG011B9WCN7 512,462 18,945 SH   SOLE   18,945 0 0
INVESCO EXCH TRADED FD TR II S&P500 LOW VOL 46138E354 BBG001V18CG8 9,902,117 168,432 SH   SOLE   168,432 0 0
INVESCO EXCHANGE TRADED FD T WATER RES ETF 46137V142 BBG001SPPQG9 334,502 6,290 SH   SOLE   6,290 0 0
IRON MTN INC DEL COM 46284V101 BBG001SCQ2X1 249,274 4,193 SH   SOLE   4,193 0 0
IRSA INVERSIONES Y REP S A GLOBL DEP RCPT 450047204 BBG001S8CL18 1,133,043 193,352 SH   SOLE   193,352 0 0
ISHARES INC MSCI BRAZIL ETF 464286400 BBG001SFN5N1 50,669,907 1,652,100 SH Call SOLE   1,652,100 0 0
ISHARES INC MSCI BRAZIL ETF 464286400 BBG001SFN5N1 6,134,000 200,000 SH Put SOLE   200,000 0 0
ISHARES INC MSCI MEXICO ETF 464286822 BBG001S8SYQ6 4,483,710 77,000 SH   SOLE   77,000 0 0
ISHARES INC MSCI STH KOR ETF 464286772 BBG001SF9FC7 2,781,968 47,200 SH   SOLE   47,200 0 0
ISHARES SILVER TR ISHARES 46428Q109 BBG001SQLN69 234,927 11,550 SH   SOLE   11,550 0 0
ISHARES TR CHINA LG-CAP ETF 464287184 BBG001SMDNB1 9,780,285 368,650 SH   SOLE   368,650 0 0
ISHARES TR CHINA LG-CAP ETF 464287184 BBG001SMDNB1 31,836,000 1,200,000 SH Call SOLE   1,200,000 0 0
ISHARES TR CHINA LG-CAP ETF 464287184 BBG001SMDNB1 10,612,000 400,000 SH Put SOLE   400,000 0 0
ISHARES TR GL CLEAN ENE ETF 464288224 BBG001S7XDQ8 266,084 18,200 SH   SOLE   18,200 0 0
ISHARES TR GLOBAL TECH ETF 464287291 BBG001S60KQ0 1,365,024 23,600 SH   SOLE   23,600 0 0
ISHARES TR IBOXX INV CP ETF 464287242 BBG001S60QR6 3,183,024 31,200 SH   SOLE   31,200 0 0
ISHARES TR MSCI POLAND ETF 46429B606 BBG001S56L11 215,244 12,580 SH   SOLE   12,580 0 0
ISHARES TR TIPS BD ETF 464287176 BBG001SD9RM5 829,760 8,000 SH Call SOLE   8,000 0 0
JACOBS SOLUTIONS INC COM 46982L108 BBG019C1BQS3 800,573 5,865 SH   SOLE   5,865 0 0
JOHNSON & JOHNSON COM 478160104 BBG001S5SHQ9 446,847 2,869 SH   SOLE   2,869 0 0
JPMORGAN CHASE & CO COM 46625H100 BBG001S8CRC3 925,228 6,380 SH   SOLE   6,380 0 0
LISTED FD TR ROUNDHILL BALL 53656F417 BBG011J1MP12 401,952 42,400 SH   SOLE   42,400 0 0
LOMA NEGRA C I A S A MTN 14 SPONSORED ADS 54150E104 BBG00HMSHSQ8 775,488 128,605 SH   SOLE   128,605 0 0
MERCADOLIBRE INC COM 58733R102 BBG001SM32G3 17,047,914 13,446 SH   SOLE   13,446 0 0
MERCK & CO INC COM 58933Y105 BBG001S5TC52 439,082 4,265 SH   SOLE   4,265 0 0
META PLATFORMS INC CL A 30303M102 BBG001SQCQC5 5,362,951 17,864 SH   SOLE   17,864 0 0
MICROSOFT CORP COM 594918104 BBG001S5TD05 3,315,059 10,499 SH   SOLE   10,499 0 0
MODERNA INC COM 60770K107 BBG003PHHZV8 448,898 4,346 SH   SOLE   4,346 0 0
MOODYS CORP COM 615369105 BBG001S5VP87 252,936 800 SH   SOLE   800 0 0
NATURA &CO HLDG S A ADS 63884N108 BBG00R4ZKQD4 2,264,165 392,403 SH   SOLE   392,403 0 0
NIKE INC CL B 654106103 BBG001S6NTK2 1,921,771 20,098 SH   SOLE   20,098 0 0
NU HLDGS LTD ORD SHS CL A G6683N103 BBG0136WM2Y9 7,709,425 1,063,369 SH   SOLE   1,063,369 0 0
NVIDIA CORPORATION COM 67066G104 BBG001S5TZJ6 3,736,564 8,590 SH   SOLE   8,590 0 0
OLD DOMINION FREIGHT LINE IN COM 679580100 BBG001S6WQT9 409,140 1,000 SH Put SOLE   1,000 0 0
PAGSEGURO DIGITAL LTD COM CL A G68707101 BBG00JM7QCG6 113,652 13,200 SH   SOLE   13,200 0 0
PAGSEGURO DIGITAL LTD COM CL A G68707101 BBG00JM7QCG6 1,777,965 206,500 SH Call SOLE   206,500 0 0
PAGSEGURO DIGITAL LTD COM CL A G68707101 BBG00JM7QCG6 1,777,965 206,500 SH Put SOLE   206,500 0 0
PAMPA ENERGIA S A SPONS ADR LVL I 697660207 BBG001T5K0S1 270,075 7,229 SH   SOLE   7,229 0 0
PATRIA INVESTMENTS LIMITED COM CL A G69451105 BBG00YQ7XKN5 597,488 40,980 SH   SOLE   40,980 0 0
PDD HOLDINGS INC SPONSORED ADS 722304102 BBG00LBLDFH8 546,838 5,576 SH   SOLE   5,576 0 0
PROCTER AND GAMBLE CO COM 742718109 BBG001S5V4L9 647,618 4,440 SH   SOLE   4,440 0 0
S&P GLOBAL INC COM 78409V104 BBG001S5T5M8 438,492 1,200 SH   SOLE   1,200 0 0
SCHWAB CHARLES CORP COM 808513105 BBG001S5VXD4 4,961,148 90,367 SH   SOLE   90,367 0 0
SELECT SECTOR SPDR TR ENERGY 81369Y506 BBG001S7T1S7 11,273,531 124,721 SH   SOLE   124,721 0 0
SELECT SECTOR SPDR TR ENERGY 81369Y506 BBG001S7T1S7 23,411,010 259,000 SH Call SOLE   259,000 0 0
SELECT SECTOR SPDR TR RL EST SEL SEC 81369Y860 BBG00B597137 2,095,714 61,512 SH   SOLE   61,512 0 0
SELECT SECTOR SPDR TR SBI CONS STPLS 81369Y308 BBG001S7T107 206,430 3,000 SH Put SOLE   3,000 0 0
SELECT SECTOR SPDR TR SBI INT-UTILS 81369Y886 BBG001S7TD56 2,060,193 34,960 SH   SOLE   34,960 0 0
SELECT SECTOR SPDR TR SBI MATERIALS 81369Y100 BBG001S7R733 2,142,373 27,274 SH   SOLE   27,274 0 0
SEMANTIX INC CL A ORD SHS G6332A106 BBG018NBPT00 141,915 79,282 SH   SOLE   79,282 0 0
SEMANTIX INC CL A ORD SHS G6332A106 BBG018NBPT00 967,556 540,534 SH Call SOLE   540,534 0 0
SENDAS DISTRIBUIDORA S A SPON ADS 81689T104 BBG00ZDRF822 247,985 20,360 SH   SOLE   20,360 0 0
SIGMA LITHIUM CORPORATION COM 826599102 BBG0027F58B9 15,739,888 485,200 SH Call SOLE   485,200 0 0
SIX FLAGS ENTMT CORP NEW COM 83001A102 BBG001S8H000 9,322,185 396,520 SH   SOLE   396,520 0 0
SPDR GOLD TR GOLD SHS 78463V107 BBG001SCPX28 2,793,778 16,295 SH   SOLE   16,295 0 0
SPDR GOLD TR GOLD SHS 78463V107 BBG001SCPX28 17,145,000 100,000 SH Call SOLE   100,000 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 BBG001S72SM3 961,830 2,250 SH   SOLE   2,250 0 0
SPDR SER TR PRTFLO S&P500 VL 78464A508 BBG001SG4284 2,370,800 57,460 SH   SOLE   57,460 0 0
SPDR SER TR S&P HOMEBUILD 78464A888 BBG001SQDKH2 4,747,340 62,000 SH Put SOLE   62,000 0 0
SPDR SER TR S&P METALS MNG 78464A755 BBG001SMH2W0 309,750 5,900 SH   SOLE   5,900 0 0
SPDR SER TR S&P OILGAS EXP 78468R556 BBG001SB12P9 288,129 1,948 SH   SOLE   1,948 0 0
SPROTT FDS TR URANIUM MINERS E 85208P303 BBG016ZGFLP1 330,190 7,000 SH   SOLE   7,000 0 0
TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS 874039100 BBG001S5WWW4 1,551,165 17,850 SH   SOLE   17,850 0 0
TESLA INC COM 88160R101 BBG001SQKGD7 261,730 1,046 SH   SOLE   1,046 0 0
THE CIGNA GROUP COM 125523100 BBG00KXRCDQ9 305,237 1,067 SH   SOLE   1,067 0 0
TRANSPORTADORA DE GAS SUR SPONSORED ADS B 893870204 BBG001S80GV9 423,529 41,604 SH   SOLE   41,604 0 0
VALE S A SPONSORED ADS 91912E105 BBG001SB54S8 2,172,944 162,160 SH   SOLE   162,160 0 0
VANECK ETF TRUST GOLD MINERS ETF 92189F106 BBG001SR42Z0 339,523 12,617 SH   SOLE   12,617 0 0
VANGUARD INTL EQUITY INDEX F TT WRLD ST ETF 922042742 BBG001T2YZG9 607,161 6,516 SH   SOLE   6,516 0 0
VISA INC COM CL A 92826C839 BBG001SRCFY3 351,915 1,530 SH   SOLE   1,530 0 0
VTEX SHS CL A G9470A102 BBG011M1L6B0 292,865 58,456 SH   SOLE   58,456 0 0
WALMART INC COM 931142103 BBG001S5XH92 229,340 1,434 SH   SOLE   1,434 0 0
WALMART INC COM 931142103 BBG001S5XH92 239,895 1,500 SH Call SOLE   1,500 0 0
XP INC CL A G98239109 BBG00QVJYHP4 10,452,276 453,461 SH   SOLE   453,461 0 0
YPF SOCIEDAD ANONIMA SPON ADR CL D 984245100 BBG001S61Q40 149,940 12,240 SH   SOLE   12,240 0 0