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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
COSAN S A ADS 22113B103 736 43,882 SH   SOLE   43,882 0 0
GERDAU SA SPON ADR REP PFD 373737105 368 74,703 SH   SOLE   0 0 74,703
MERCADOLIBRE INC COM 58733R102 31,417 18,707 SH   SOLE   18,707 0 0
STONECO LTD COM CL A G85158106 16,756 482,602 SH   SOLE   482,602 0 0
SUZANO S A SPON ADS 86959K105 852 85,154 SH   SOLE   85,154 0 0
VTEX SHS CL A G9470A102 6,296 306,067 SH   SOLE   306,067 0 0
XP INC CL A G98239109 32,962 820,547 SH   SOLE   820,547 0 0