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
MERCADOLIBRE INC COM 58733R102 60,836 106,367 SH   SOLE   61,575 0 44,792
PAGSEGURO DIGITAL LTD COM CL A G68707101 823 24,100 SH   SOLE   24,100 0 0
PETROLEO BRASILEIRO SA PETRO SP ADR NON VTG 71654V101 22,425 612,000 SH   SOLE   612,000 0 891,000
STONECO LTD COM CL A G85158106 46,061 643,000 SH   SOLE   643,000 0 511,700
XP INC CL A G98239109 68,092 1,767,700 SH   SOLE   989,900 0 777,800