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
ADVENT TECHNOLOGIES HOLDNG I COM CL A 00788A105 4,500 336,100 SH   SOLE   336,100 0 0
B2GOLD CORP COM 11777Q209 2,840 660,000 SH   SOLE   660,000 0 0
CEMEX SAB DE CV SPON ADR NEW 151290889 7,388 1,060,000 SH   SOLE   1,060,000 0 0
COPA HOLDINGS SA CL A P31076105 3,191 39,500 SH   SOLE   39,500 0 0
DESPEGAR COM CORP ORD SHS G27358103 5,293 388,400 SH   SOLE   388,400 0 0
FREEPORT-MCMORAN INC CL B 35671D857 25,504 774,500 SH   SOLE   774,500 0 0
GRID DYNAMICS HLDGS INC CL A 39813G109 304 19,100 SH   SOLE   19,100 0 0
INVESCO QQQ TR UNIT SER 1 46090E103 11,967 37,500 SH Put SOLE   37,500 0 0
ISHARES INC MSCI BRAZIL ETF 464286400 5,017 150,000 SH Put SOLE   150,000 0 0
ISHARES TR MSCI EMG MKT ETF 464287234 22,402 420,000 SH Put SOLE   420,000 0 0
LEXINFINTECH HLDGS LTD ADR 528877103 10,351 1,029,000 SH   SOLE   1,029,000 0 0
MERCADOLIBRE INC COM 58733R102 19,873 13,500 SH   SOLE   13,500 0 0
ONECONNECT FINL TECHNOLOGY C SPONSORED ADS 68248T105 5,335 361,000 SH   SOLE   361,000 0 0
OZON HLDGS PLC SPONSORED ADS 69269L104 213 3,800 SH   SOLE   3,800 0 0
PAN AMERN SILVER CORP COM 697900108 4,834 161,000 SH   SOLE   161,000 0 0
STONECO LTD COM CL A G85158106 10,382 169,600 SH   SOLE   169,600 0 0
YANDEX N V SHS CLASS A N97284108 301 4,700 SH   SOLE   4,700 0 0