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 (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
B2GOLD CORP COM 11777Q209 4,320 665,700 SH   SOLE   665,700 0 0
FREEPORT-MCMORAN INC CL B 35671D857 9,690 619,600 SH   SOLE   619,600 0 0
INVESCO QQQ TR UNIT SER 1 46090E103 25,006 90,000 SH Put SOLE   90,000 0 0
ISHARES TR IBOXX HI YD ETF 464288513 4,159 50,000 SH Put SOLE   50,000 0 0
MERCADOLIBRE INC COM 58733R102 14,613 13,500 SH   SOLE   13,500 0 0
MOBILE TELESYSTEMS PJSC SPONSORED ADR 607409109 103 11,800 SH   SOLE   11,800 0 0
ONECONNECT FINL TECHNOLOGY C SPONSORED ADS 68248T105 3,870 181,700 SH   SOLE   181,700 0 0
PAN AMERN SILVER CORP COM 697900108 7,684 239,000 SH   SOLE   239,000 0 0
QIWI PLC SPON ADR REP B 74735M108 174 10,000 SH   SOLE   10,000 0 0
SEA LTD SPONSORD ADS 81141R100 9,196 59,700 SH   SOLE   59,700 0 0
SPDR GOLD TR GOLD SHS 78463V107 13,036 73,600 SH   SOLE   73,600 0 0
STONECO LTD COM CL A G85158106 11,699 221,200 SH   SOLE   221,200 0 0
VALE S A SPONSORED ADS 91912E105 9,868 932,700 SH   SOLE   932,700 0 0
YANDEX N V SHS CLASS A N97284108 8,659 132,700 SH   SOLE   132,700 0 0
ZAI LAB LTD ADR 98887Q104 6,645 79,900 SH   SOLE   79,900 0 0