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
DLOCAL LTD CLASS A COM G29018101 1,577 28,903 SH   SOLE   28,903 0 0
ISHARES INC MSCI BRAZIL ETF 464286400 7,207 224,300 SH   SOLE   224,300 0 0
MERCADOLIBRE INC COM 58733R102 134,805 80,270 SH   SOLE   59,425 0 20,845
META PLATFORMS INC CL A 30303M102 709 2,090 SH   SOLE   2,090 0 0
PAYPAL HLDGS INC COM 70450Y103 312 1,200 SH   SOLE   1,200 0 0
SHOPIFY INC CL A 82509L107 1,491 1,100 SH   SOLE   1,100 0 0
STONECO LTD COM CL A G85158106 39,380 1,134,219 SH   SOLE   791,571 0 342,648
VISA INC COM CL A 92826C839 1,216 5,460 SH   SOLE   5,460 0 0
VTEX SHS CL A G9470A102 25,924 1,260,305 SH   SOLE   905,605 0 354,700
XP INC CL A G98239109 150,619 3,749,528 SH   SOLE   2,685,930 0 1,063,598