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
AFYA LTD CL A COM G01125106 15,710 602,725 SH   SOLE   602,725 0 0
BANCO SANTANDER CHILE NEW CALL 05965X909 16,690 100,000 SH Call SOLE   100,000 0 0
CEMEX SAB DE CV SPON ADR NEW 151290889 6,780 1,552,865 SH   SOLE   1,552,865 0 0
DESPEGAR COM CORP ORD SHS G27358103 9,790 2,992,888 SH   SOLE   2,992,888 0 0
ISHARES INC CALL 464286900 23,090 1,700,000 SH Call SOLE   1,700,000 0 0
EMBRAER S.A. SPONSORED ADS 29082A107 17,750 173,765 SH   SOLE   173,765 0 0
PETROLEO BRASILEIRO SA PETRO CALL 71654V901 10,980 875,000 SH Call SOLE   875,000 0 0
SOCIEDAD QUIMICA Y MINERA DE PUT 833635955 50,430 57,500 SH Put SOLE   57,500 0 0
GRUPO TELEVISA S A B SPON ADR REP ORD 40049J206 9,370 1,514,247 SH   SOLE   1,514,247 0 0
TERNIUM SA CALL 880890908 43,520 380,000 SH Call SOLE   380,000 0 0
TERNIUM SA SPONSORED ADS 880890108 43,520 262,048 SH   SOLE   262,048 0 0
CONTROLADORA VUELA COMP DE A SPON ADR RP 10 21240E105 17,970 823,413 SH   SOLE   823,413 0 0