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 FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
PUT - AAPL 100 @ 175 EXP 05/17/2024 PUT 99D7WP7M8   1,073,280 1,500 SH Put SOLE 0 1,073,280 0 0
PETROLEO BRASILEIRO SA PETRO SP ADR NON VTG 71654V101   22,732,975 1,525,703 SH   SOLE 0 22,732,975 0 0
PETROLEO BRASILEIRO ADR SPONSORED ADR 71654V408   73,048,474 4,802,661 SH   SOLE 0 73,048,474 0 0
ADVANCED MICRO DEVICES COM 007903107   10,883,547 60,300 SH   SOLE 0 10,883,547 0 0
FINANCIAL SELECT SECTOR SPDR FINANCIAL 81369Y605   12,467,520 296,000 SH   SOLE 0 12,467,520 0 0
CALL- IWM 100 @ 218 EXP 04/19/2024 CALL 99D7T77K6   1,255,000 10,000 SH Call SOLE 0 1,255,000 0 0
INDUSTRIAL SPDR INDL 81369Y704   18,359,426 145,756 SH   SOLE 0 18,359,426 0 0
MICROSOFT CORPORATION COM 594918104   11,780,160 28,000 SH   SOLE 0 11,780,160 0 0
AMAZON.COM INC COM 023135106   7,395,580 41,000 SH   SOLE 0 7,395,580 0 0
WESTERN DIGITAL COM 958102105   3,275,520 48,000 SH   SOLE 0 3,275,520 0 0
HEALTH CARE SPDR ETF SBI HEALTHCARE 81369Y209   43,728,080 296,000 SH   SOLE 0 43,728,080 0 0
ICICI BANK LTD ADR 45104G104   5,462,512 206,835 SH   SOLE 0 5,462,512 0 0
EMBRAER SA SPONSORED ADS 29082A107   25,283,811 949,092 SH   SOLE 0 25,283,811 0 0
MORGAN STANLEY COM NEW 617446448   11,074,158 117,610 SH   SOLE 0 11,074,158 0 0
PDD HOLDINGS INC SPONSORED ADS 722304102   5,812,500 50,000 SH   SOLE 0 5,812,500 0 0
PUT - EEM 100 @ 40 EXP 04/05/2024 PUT 99D9C9GV2   175,000 70,000 SH Put SOLE 0 175,000 0 0
GOLDMAN SACHS COM 38141G104   28,183,215 67,474 SH   SOLE 0 28,183,215 0 0
HDFC BK LTD SPONSORED ADS 40415F101   5,957,055 106,433 SH   SOLE 0 5,957,055 0 0
QUALCOMM INC COM 747525103   2,878,100 17,000 SH   SOLE 0 2,878,100 0 0
TAIWAN SEMI ADR SPONSORED ADS 874039100   12,895,091 94,782 SH   SOLE 0 12,895,091 0 0
ISHARES IBOXX $ INVEST GRADE CORP BD IBOXX INV CP ETF 464287242   151,536,911 1,391,268 SH   SOLE 0 151,536,911 0 0
SOUTHERN COPPER CORP COM 84265V105   6,071,640 57,000 SH   SOLE 0 6,071,640 0 0
SPDR S&P HOMEBUILDERS S&P HOMEBUILD 78464A888   1,897,030 17,000 SH   SOLE 0 1,897,030 0 0
JPMORGAN CHASE & CO COM 46625H100   11,092,213 55,378 SH   SOLE 0 11,092,213 0 0
STONECO LTD-A COM CL A G85158106   42,004,796 2,528,886 SH   SOLE 0 42,004,796 0 0
SENDAS DISTRIBUIDORA SA-W/I SPON ADS 81689T104   1,066,022 72,126 SH   SOLE 0 1,066,022 0 0
CALL- SPY 100 @ 540 EXP 07/19/2024 CALL 99D8L9L48   2,727,080 2,787 SH Call SOLE 0 2,727,080 0 0
PUT - SPY 100 @ 519 EXP 04/01/2024 PUT 99D9VY7Q7   247,500 15,000 SH Put SOLE 0 247,500 0 0
CALL- SPY 100 @ 525 EXP 06/21/2024 CALL 99P4NSX21   449,040 300 SH Call SOLE 0 449,040 0 0
VALE SA SP ADR SPONSORED ADS 91912E105   166,781,447 13,681,825 SH   SOLE 0 166,781,447 0 0
FREEPORT-MCMORAN INC CL B 35671D857   28,061,536 596,800 SH   SOLE 0 28,061,536 0 0
UTILITIES SPDR SBI INT-UTILS 81369Y886   27,924,424 425,353 SH   SOLE 0 27,924,424 0 0
ENERGY SPDR ENERGY 81369Y506   27,284,490 289,000 SH   SOLE 0 27,284,490 0 0
NVIDIA CORP COM 67066G104   10,674,658 11,814 SH   SOLE 0 10,674,658 0 0
RIO TINTO PLC SPONSORED ADR 767204100   23,914,101 375,182 SH   SOLE 0 23,914,101 0 0
TELEFONICA BRASIL SA-ADR NEW ADR 87936R205   67,157 6,669 SH   SOLE 0 67,157 0 0
BP PLC SPONSORED ADR 055622104   13,533,714 359,175 SH   SOLE 0 13,533,714 0 0
WALDENCAST ACQ CL A -CW27 *W EXP 07/27/202 G9503X111   1,113 1,988 SH   SOLE 0 1,113 0 0
CENTRAIS ELETRICAS BR-SP ADR SPONSORED ADR 15234Q207   2,953,929 353,764 SH   SOLE 0 2,953,929 0 0
SHELL PLC-ADR SPON ADS 780259305   14,123,987 210,680 SH   SOLE 0 14,123,987 0 0
ZANITE ACQ CL A -CW25 *W EXP 05/09/202 29970N112   832,819 1,556,740 SH   SOLE 0 832,819 0 0
COMPHANIA DE BEBIDAS DAS AMERICAS AMBEV SPONSORED ADR 02319V103   5,186,672 2,091,400 SH   SOLE 0 5,186,672 0 0
SOUTHERN CO COM 842587107   10,782,522 150,300 SH   SOLE 0 10,782,522 0 0
CIA PARANAENSE DE ENER-ADR SPONSORED ADS 20441B704   3,027,672 449,877 SH   SOLE 0 3,027,672 0 0
PAGSEGURO DIGITAL LTD-CL A COM CL A G68707101   2,653,552 185,823 SH   SOLE 0 2,653,552 0 0
COMPNHIA ENRG SP ADR N-V PFD 204409601   6,248,445 2,529,735 SH   SOLE 0 6,248,445 0 0
VITRU LTD COM G9440D103   709,291 47,129 SH   SOLE 0 709,291 0 0
INTER & CO INC - CL A CLASS A COM G4R20B107   20,220,595 3,541,260 SH   SOLE 0 20,220,595 0 0
COPA HOLDINGS SA CL A P31076105   37,384,899 358,918 SH   SOLE 0 37,384,899 0 0
SEMPRA COM 816851109   32,763,818 456,130 SH   SOLE 0 32,763,818 0 0
VASTA PLATFORM LTD CL A G9440A109   5,701,261 1,414,705 SH   SOLE 0 5,701,261 0 0
GERDAU SA SPON ADR REP PFD 373737105   8,984,711 2,032,740 SH   SOLE 0 8,984,711 0 0
YPF SA SPON ADR CL D 984245100   7,081,906 357,672 SH   SOLE 0 7,081,906 0 0
AMBIPAR EMERGENCY RESPONSE CL A ORD SHS G02532102   572,787 108,073 SH   SOLE 0 572,787 0 0
AMBIPAR EMERGENCY RESPONS-28 *W EXP 99/99/999 G02532110   518,612 1,728,708 SH   SOLE 0 518,612 0 0
COMPANHIA PARANAENSE DE ENERGI SPON ADS 20441B605   14,315,188 1,854,299 SH   SOLE 0 14,315,188 0 0
AZUL SA SPONSR ADR PFD 05501U106   16,317 2,100 SH   SOLE 0 16,317 0 0
ENTERGY CORPORATION COM 29364G103   7,185,183 67,990 SH   SOLE 0 7,185,183 0 0
ARCOS DORADOS HOLDINGS INC SHS CLASS -A - G0457F107   64,062 5,761 SH   SOLE 0 64,062 0 0
SPDR S&P 500 ETF TRUST TR UNIT 78462F103   735,959 1,407 SH   SOLE 0 735,959 0 0
VINCI PARTNERS INVESTMENTS-A COM CL A G9451V109   39,588,477 3,503,405 SH   SOLE 0 39,588,477 0 0
BASIC SANITATION COMPANY OF THE STATE OF SPONSORED ADR 20441A102   6,676,108 396,679 SH   SOLE 0 6,676,108 0 0
CENTRAIS ELEC BRAS-ADR PREF SPON ADR PFD B 15234Q108   191,225 20,673 SH   SOLE 0 191,225 0 0
EVEREST GROUP LTD COM G3223R108   6,550,800 16,480 SH   SOLE 0 6,550,800 0 0
BANCO SANTANDER ADS REP 1 UNIT 05967A107   2,951,783 516,046 SH   SOLE 0 2,951,783 0 0
BANCO BRADESCO SPONSORED ADR 059460402   0 0 SH   SOLE 0 0 0 0
COSAN SA -ADR -W/I ADS 22113B103   482,478 37,257 SH   SOLE 0 482,478 0 0
ECOPETROL S.A. SPONSORED ADS 279158109   6,811,966 575,335 SH   SOLE 0 6,811,966 0 0
PCR US SC100 ETF PACER US SMALL 69374H857   24,101,427 490,265 SH   SOLE 0 24,101,427 0 0
BANK OF AMERICA COM 060505104   3,310,416 87,300 SH   SOLE 0 3,310,416 0 0
CALL- EWZ 100 @ 37 EXP 12/20/2024 CALL 99P4NFX29   60,089 557 SH Call SOLE 0 60,089 0 0
ENEL CHILE S.A. SPONSORED ADR 29278D105   820 269 SH   SOLE 0 820 0 0
UBS GROUP AG SHS H42097107   2,663,424 86,700 SH   SOLE 0 2,663,424 0 0
ISHARES BITCOIN TRUST ETF SHS 46438F101   1,491,320 36,850 SH   SOLE 0 1,491,320 0 0
LAZARD INC COM 52110M109   4,269,149 101,962 SH   SOLE 0 4,269,149 0 0
BAIDU INC SPON ADR REP A 056752108   19,983,934 189,817 SH   SOLE 0 19,983,934 0 0
TRANSPORT GAS SUR B ADR SPONSORED ADS B 893870204   1,750,936 115,956 SH   SOLE 0 1,750,936 0 0
MARRIOTT INTL CL A 571903202   2,169,866 8,600 SH   SOLE 0 2,169,866 0 0
ISHRS BRAZIL SM BRAZIL SM-CP ETF 464289131   5,816 400 SH   SOLE 0 5,816 0 0
JEFFERIES FINANCIAL GROUP INC COM 47233W109   4,018,833 91,130 SH   SOLE 0 4,018,833 0 0
ISHARES JPMORGAN USD EMERGING MARKET BND JPMORGAN USD EMG 464288281   5,828,550 65,000 SH   SOLE 0 5,828,550 0 0
ULTRAPAR PARTICIPACOES SP ADR REP COM 90400P101   921 161 SH   SOLE 0 921 0 0
ITAU UNIBANCO HOLDING SA SPON ADR REP PFD 465562106   11,932,296 1,721,832 SH   SOLE 0 11,932,296 0 0
BANCO BRADESCO SP ADR PFD NEW 059460303   297,028 103,856 SH   SOLE 0 297,028 0 0
SUZANO SA SPON ADS 86959K105   1,864,909 145,924 SH   SOLE 0 1,864,909 0 0
NU HOLDINGS LTD/CAYMAN ISL-A ORD SHS CL A G6683N103   703,238 58,947 SH   SOLE 0 703,238 0 0