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

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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 (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
XP INC CL A G98239109 135,605 4,718,324 SH   SOLE   3,326,206 0 1,392,118
MERCADOLIBRE INC COM 58733R102 109,903 81,506 SH   SOLE   60,775 0 20,731
VTEX SHS CL A G9470A102 13,680 1,276,109 SH   SOLE   921,409 0 354,700
META PLATFORMS INC CL A 30303M102 669 1,990 SH   SOLE   1,990 0 0
VISA INC COM CL A 92826C839 1,062 4,907 SH   SOLE   4,907 0 0
SHOPIFY INC CL A 82509L107 1,355 984 SH   SOLE   984 0 0
DLOCAL LTD CLASS A COM G29018101 929 26,013 SH   SOLE   26,013 0 0
ISHARES INC MSCI BRAZIL ETF 464286400 4,407 157,000 SH   SOLE   157,000 0 0