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 FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
ACTIVISION BLIZZARD INC COM 00507V109   7,655,000 100,000 SH   DFND 1 100,000 0 0
ALPHABET INC CAP STK CL C 02079K107   3,549,200 40,000 SH   DFND 1 40,000 0 0
BERKSHIRE HATHAWAY INC DEL CL A 084670108   4,687,110 10 SH   SOLE   10 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702   12,356,000 40,000 SH   SOLE   40,000 0 0
DISNEY WALT CO COM 254687106   1,563,840 18,000 SH   SOLE   18,000 0 0
MICROSOFT CORP COM 594918104   10,791,900 45,000 SH   DFND 1 45,000 0 0
ORACLE CORP COM 68389X105   9,808,800 120,000 SH   SOLE   120,000 0 0
PROSHARES TR SHORT S&P 500 NE 74347B425   8,335,600 520,000 SH   DFND 1 520,000 0 0
SUZANO S A SPON ADS 86959K105   690,635 74,744 SH   SOLE   74,744 0 0
SUZANO S A SPON ADS 86959K105   2,492,980 269,803 SH   DFND 1 269,803 0 0
ULTRAPAR PARTICIPACOES SA SP ADR REP COM 90400P101   30,522,836 12,612,742 SH   DFND 1 12,612,742 0 0
ULTRAPAR PARTICIPACOES SA SP ADR REP COM 90400P101   9,912,139 4,095,925 SH   SOLE   4,095,925 0 0