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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 FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
BANCO BRADESCO S A SP ADR PFD NEW 059460303   2,880 3,043,000 SH   SOLE   3,043,000 0 0
DESPEGAR COM CORP ORD SHS G27358103   5,130 2,365,543 SH   SOLE   2,365,543 0 0
GERDAU SA SPON ADR REP PFD 373737105   5,540 1,426,000 SH   SOLE   1,426,000 0 0
CONTROLADORA VUELA COMP DE A SPON ADR RP 10 21240E105   8,360 1,130,384 SH   SOLE   1,130,384 0 0
GRUPO TELEVISA S A B SPON ADR REP ORD 40049J206   4,560 1,052,601 SH   SOLE   1,052,601 0 0
ITAU UNIBANCO HLDG S A SPON ADR REP PFD 465562106   4,710 798,000 SH   SOLE   798,000 0 0
EMBRAER S.A. SPONSORED ADS 29082A107   10,930 466,400 SH   SOLE   466,400 0 0
VALE S A SPONSORED ADS 91912E105   16,970 370,000 SH   SOLE   370,000 0 0
MERCADOLIBRE INC COM 58733R102   846,240 3,700 SH   SOLE   3,700 0 0