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
AMERICA MOVIL SAB DE CV SPON ADR L SHS 02364W105 3,954 272,000 SH   SOLE   272,000 0 0
B2GOLD CORP COM 11777Q209 3,868 691,300 SH   SOLE   691,300 0 0
COPA HOLDINGS SA CL A P31076105 4,795 62,100 SH   SOLE   62,100 0 0
DESPEGAR COM CORP ORD SHS G27358103 4,919 384,000 SH   SOLE   384,000 0 0
FREEPORT-MCMORAN INC CL B 35671D857 19,749 759,000 SH   SOLE   759,000 0 0
GRID DYNAMICS HLDGS INC CL A 39813G109 240 19,100 SH   SOLE   19,100 0 0
INVESCO QQQ TR UNIT SER 1 46090E103 20,393 65,000 SH Put SOLE   65,000 0 0
ISHARES TR MSCI EMG MKT ETF 464287234 60,453 1,170,000 SH Put SOLE   1,170,000 0 0
ISHARES TR RUSSELL 2000 ETF 464287655 15,684 80,000 SH Put SOLE   80,000 0 0
MERCADOLIBRE INC COM 58733R102 17,254 10,300 SH   SOLE   10,300 0 0
MOBILE TELESYSTEMS PJSC SPONSORED ADR 607409109 105 11,800 SH   SOLE   11,800 0 0
ONECONNECT FINL TECHNOLOGY C SPONSORED ADS 68248T105 7,115 361,000 SH   SOLE   361,000 0 0
PAN AMERN SILVER CORP COM 697900108 2,933 85,000 SH   SOLE   85,000 0 0
PETROLEO BRASILEIRO SA PETRO SP ADR NON VTG 71654V101 4,003 362,000 SH   SOLE   362,000 0 0
PINDUODUO INC SPONSORED ADS 722304102 3,553 20,000 SH Put SOLE   20,000 0 0
SEA LTD SPONSORD ADS 81141R100 11,345 57,000 SH   SOLE   57,000 0 0
STONECO LTD COM CL A G85158106 18,856 224,700 SH   SOLE   224,700 0 0
YANDEX N V SHS CLASS A N97284108 327 4,700 SH   SOLE   4,700 0 0