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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
ALIBABA GROUP HLDG LTD SPONSORED ADS 01609W102 151,293 1,891,404 SH   SOLE   1,891,404 0 0
COCA-COLA FEMSA SAB DE CV SPONSORD ADR REP 191241108 4,006 68,607 SH   SOLE   119 68,488 0
COMPANIA CERVECERIAS UNIDAS SPONSORED ADR 204429104 27,819 2,580,648 SH   SOLE   2,580,648 0 0
HALLIBURTON CO COM 406216101 335 13,607 SH   SOLE   13,607 0 0
IAA INC COM 449253103 144,866 4,548,389 SH   SOLE   3,427,489 1,120,900 0
NEW ORIENTAL ED & TECHNOLOGY SPON ADR 647581206 31,659 1,320,766 SH   SOLE   1,135,726 185,040 0
SABRE CORP COM 78573M104 2,556 496,295 SH   SOLE   496,295 0 0
SCHLUMBERGER LTD COM STK 806857108 134,981 3,759,907 SH   SOLE   2,887,932 871,975 0
TAL EDUCATION GROUP SPONSORED ADS 874080104 26,073 5,277,992 SH   SOLE   4,297,892 980,100 0
TELECOM ARGENTINA S A SPON ADR REP B 879273209 2,678 667,890 SH   SOLE   667,890 0 0
TURKCELL ILETISIM HIZMETLERI SPON ADR NEW 900111204 1,711 643,069 SH   SOLE   643,069 0 0
UBER TECHNOLOGIES INC COM 90353T100 73,300 2,766,029 SH   SOLE   2,131,329 634,700 0
VISTRA CORP *W EXP 02/02/202 92840M128 14 62,325 SH   SOLE   62,325 0 0
WESTERN UN CO COM 959802109 76,698 5,681,336 SH   SOLE   4,604,236 1,077,100 0