ALIBABA GROUP HLDG LTD SPONSORED ADS 01609W102 311866 2900 SH SOLE 2900 0 0 AMAZON COM INC COM 023135106 68710338 275779 SH SOLE 275779 0 0 APPLE INC COM 037833100 631739 1897 SH SOLE 1897 0 0 APPLOVIN CORP COM CL A 03831W108 261387 900 SH SOLE 900 0 0 BOOKING HOLDINGS INC COM 09857L108 838986 5150 SH SOLE 5150 0 0 COMPANHIA DE SANEAMENTO BASI SPONSORED ADR 20441A102 8245862 1552893 SH SOLE 1552893 0 0 DISNEY WALT CO COM 254687106 337778 3220 SH SOLE 3220 0 0 EMBRAER S.A. SPONSORED ADS 29082A107 11289564 149888 SH SOLE 149888 0 0 EQUIFAX INC COM 294429105 5722908 41700 SH SOLE 41700 0 0 ERO COPPER CORP COM 296006109 39710321 1082320 SH SOLE 1082320 0 0 EVE HLDG INC COM 29970N104 2132874 1105116 SH SOLE 1105116 0 0 GERDAU SA SPON ADR REP PFD 373737105 88764 18806 SH SOLE 18806 0 0 GLOBAL X FDS GLOBAL X URANIUM 37954Y871 13485240 338400 SH SOLE 338400 0 0 INTERNATIONAL MONEY EXPRESS COM 46005L101 1803261 155722 SH SOLE 155722 0 0 ISHARES INC MSCI CHILE ETF 464286640 6716228 177631 SH SOLE 177631 0 0 ISHARES INC MSCI BRAZIL ETF 464286400 478998 12859 SH SOLE 12859 0 0 ISHARES INC MSCI STH KOR ETF 464286772 43327999 237050 SH SOLE 237050 0 0 ISHARES SILVER TR CALL 46428Q109 6813750 125000 SH Call SOLE 125000 0 0 ISHARES TR CALL 464287432 77780000 1000000 SH Call SOLE 1000000 0 0 ISHARES TR PUT 464287515 10648000 100000 SH Put SOLE 100000 0 0 ISHARES TR CORE S&P500 ETF 464287200 126753536 165507 SH SOLE 165507 0 0 ISHARES TR CALL 464287523 28432000 50000 SH Call SOLE 50000 0 0 ISHARES TR CHINA LG-CAP ETF 464287184 2656486 78086 SH SOLE 78086 0 0 JANUS DETROIT STR TR HENDRSON AAA CL 47103U845 9672071 191640 SH SOLE 191640 0 0 LOMA NEGRA C I A S A MTN 14 SPONSORED ADS 54150E104 3503250 380788 SH SOLE 380788 0 0 MARTIN MARIETTA MATLS INC COM 573284106 302280 630 SH SOLE 630 0 0 META PLATFORMS INC CL A 30303M102 2337255 3223 SH SOLE 3223 0 0 MICRON TECHNOLOGY INC COM 595112103 29228749 27442 SH SOLE 27442 0 0 MICROSOFT CORP COM 594918104 1813102 3535 SH SOLE 3535 0 0 NETFLIX INC. COM 64110L106 751464 10800 SH SOLE 10800 0 0 NORFOLK SOUTHN CORP COM 655844108 4229592 13688 SH SOLE 13688 0 0 NVIDIA CORPORATION COM 67066G104 36599950 160259 SH SOLE 160259 0 0 PETROLEO BRASILEIRO S A SPONSORED ADR 71654V408 1206390 57805 SH SOLE 57805 0 0 RIO TINTO PLC SPONSORED ADR 767204100 12095854 128447 SH SOLE 128447 0 0 ROKU INC COM CL A 77543R102 4516016 29656 SH SOLE 29656 0 0 S&P GLOBAL INC COM 78409V104 3054776 7744 SH SOLE 7744 0 0 SEA LTD SPONSORD ADS 81141R100 4216856 43312 SH SOLE 43312 0 0 SILICON LABORATORIES INC COM 826919102 2407910 10867 SH SOLE 10867 0 0 SIXTH STREET SPECIALTY LENDI COM 83012A109 361842 20080 SH SOLE 20080 0 0 STATE STR SPDR S&P 500 ETF T TR UNIT 78462F103 20514747 26900 SH SOLE 26900 0 0 STONECO LTD COM CL A G85158106 4296400 460000 SH SOLE 460000 0 0 SUZANO S A SPON ADS 86959K105 3232184 377151 SH SOLE 377151 0 0 SYNOPSYS INC COM 871607107 332729 765 SH SOLE 765 0 0 TAIWAN SEMICONDUCTOR MANUFAC SPONSORED ADS 874039100 88338456 193644 SH SOLE 193644 0 0 TECK RESOURCES LTD CL B 878742204 28716480 436487 SH SOLE 436487 0 0 TELEFONICA BRASIL SA SPONSORED ADS 87936R205 1415987 123667 SH SOLE 123667 0 0 ULTRAPAR PARTICIPACOES SA SP ADR REP COM 90400P101 174318 23814 SH SOLE 23814 0 0 VALARIS LTD CL A G9460G101 1865635 23760 SH SOLE 23760 0 0 VALE S A SPONSORED ADS 91912E105 8222087 613131 SH SOLE 613131 0 0 VISTRA CORP COM 92840M102 51059451 369060 SH SOLE 369060 0 0 VTEX SHS CL A G9470A102 36500 10000 SH SOLE 10000 0 0 VULCAN MATLS CO COM 929160109 296002 1210 SH SOLE 1210 0 0 WARNER BROS DISCOVERY INC COM SER A 934423104 81363836 2628880 SH SOLE 2628880 0 0 XP INC CL A G98239109 4737816 225664 SH SOLE 225664 0 0 YPF SOCIEDAD ANONIMA SPONSORED ADS 984245100 12975148 258830 SH SOLE 258830 0 0