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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
GLOBANT S A COM L44385109 59,430 189,212 SH   DFND 1,2 0 189,212 0
MERCADOLIBRE INC COM 58733R102 57,687 42,782 SH   DFND 1,2 0 42,782 0
BILIBILI INC SPONS ADS REP Z 090040106 37,715 812,813 SH   DFND 1,2 0 812,813 0
CEMEX SAB DE CV SPON ADR NEW 151290889 36,463 5,378,000 SH   DFND 1,2 0 5,378,000 0
ISHARES TR MSCI EMG MKT ETF 464287234 36,347 744,063 SH   DFND 1,2 0 744,063 0
XP INC CL A G98239109 34,652 1,205,717 SH   DFND 1,2 0 1,205,717 0
ALIBABA GROUP HLDG LTD SPONSORED ADS 01609W102 34,271 288,500 SH   DFND 1,2 0 288,500 0
GDS HLDGS LTD SPONSORED ADS 36165L108 32,604 691,348 SH   DFND 1,2 0 691,348 0
FABRINET SHS G3323L100 29,349 247,732 SH   DFND 1,2 0 247,732 0
SEA LTD SPONSORED ADS 81141R100 24,870 111,171 SH   DFND 1,2 0 111,171 0
DESPEGAR COM CORP ORD SHS G27358103 24,328 2,484,967 SH   DFND 1,2 0 2,484,967 0
HUAZHU GROUP LTD SPONSORED ADS 44332N106 23,916 640,496 SH   DFND 1,2 0 640,496 0
DLOCAL LTD CLASS A COM G29018101 20,522 575,000 SH   DFND 1,2 0 575,000 0
YANDEX N V SHS CLASS A N97284108 20,147 333,000 SH   DFND 1,2 0 333,000 0