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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

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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 FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
ARCO PLATFORM LTD COM CL A G04553106   540,473 44,520 SH   SOLE   44,520 0 0
VASTA PLATFORM LTD CL A G9440A109   11,433,426 3,412,963 SH   SOLE   3,412,963 0 0
ISHARES INC MSCI BRAZIL ETF 464286400   194,580 6,000 SH   SOLE   6,000 0 0
ISHARES INC MSCI BRAZIL ETF 464286400   681,030 21,000 SH Put SOLE   21,000 0 0