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
ALIBABA GROUP HLDG LTD SPONSORED ADS 01609W102 48,005,357 500,160 SH SOLE 1 476,325 0 23,835
ALIBABA GROUP HLDG LTD SPONSORED ADS 01609W102 138,287,984 1,440,800 SH Call SOLE 1 1,321,200 0 119,600
ANGLOGOLD ASHANTI PLC COM SHS G0378L100 61,202,183 756,610 SH SOLE 1 718,322 0 38,288
ASML HLDG NV N Y REGISTRY SHS N07059210 63,773,489 32,056 SH SOLE 1 30,922 0 1,134
BANCO BRADESCO S A SP ADR PFD NEW 059460303 15,560,420 4,484,271 SH SOLE 1 4,363,892 0 120,379
COPA HOLDINGS SA CL A P31076105 62,268,759 400,262 SH SOLE 1 378,996 0 21,266
COUPANG INC CL A 22266T109 38,187,198 2,198,457 SH SOLE 1 2,069,991 0 128,466
ELDORADO GOLD CORP NEW COM 284902509 121,535,069 3,909,137 SH SOLE 1 3,745,739 0 163,398
EMBRAER S.A. SPONSORED ADS 29082A107 129,499,071 2,029,766 SH SOLE 1 1,939,103 0 90,663
GDS HLDGS LTD SPONSORED ADS 36165L108 99,111,583 3,300,419 SH SOLE 1 3,145,891 0 154,528
GRUPO FINANCIERO GALICIA S.A SPONSORED ADR 399909100 68,051,807 1,360,220 SH SOLE 1 1,322,776 0 37,444
HALLIBURTON CO COM 406216101 24,654,252 726,193 SH SOLE 1 726,193 0 0
ICICI BANK LIMITED ADR 45104G104 101,494,076 3,496,179 SH SOLE 1 3,397,781 0 98,398
INVESCO QQQ TR UNIT SER 1 46090E103 1,063,361,600 1,444,000 SH Put SOLE 1 1,444,000 0 0
ISHARES TR MSCI EMG MKT ETF 464287234 549,181,798 8,027,800 SH Put SOLE 1 8,027,800 0 0
ITAU UNIBANCO HLDG S A SPON ADR REP PFD 465562106 78,783,359 9,643,006 SH SOLE 1 9,066,799 0 576,207
KE HLDGS INC SPONSORED ADS 482497104 10,138,453 697,760 SH SOLE 1 672,000 0 25,760
KRANESHARES TRUST CSI CHI INTERNET 500767306 65,863,452 2,691,600 SH Call SOLE 1 2,691,600 0 0
MAKEMYTRIP LIMITED MAURITIUS SHS V5633W109 11,797,607 221,385 SH SOLE 1 200,092 0 21,293
NETEASE COM INC SPONSORED ADS 64110W102 39,284,777 306,577 SH SOLE 1 295,420 0 11,157
PETROLEO BRASILEIRO S A SPONSORED ADR 71654V408 87,456,449 5,411,909 SH SOLE 1 5,207,461 0 204,448
PILGRIMS PRIDE CORP COM 72147K108 52,185,091 1,856,460 SH SOLE 1 1,682,829 0 173,631
SEA LTD SPONSORD ADS 81141R100 140,500,963 1,466,148 SH SOLE 1 1,395,033 0 71,115
SLB LIMITED COM STK 806857108 38,787,630 834,322 SH SOLE 1 834,322 0 0
SPDR GOLD TR GOLD SHS 78463V107 223,975,040 608,000 SH Call SOLE 1 608,000 0 0
TAIWAN SEMICONDUCTOR MANUFAC SPONSORED ADS 874039100 197,979,509 414,556 SH SOLE 1 400,908 0 13,648
TENARIS S A SPONSORED ADS 88031M109 15,443,477 278,311 SH SOLE 1 278,311 0 0
UNITED STS OIL FD LP UNITS 91232N207 63,523,392 596,800 SH Put SOLE 1 596,800 0 0
VNET GROUP INC SPONSORED ADS A 90138A103 11,796,248 1,467,195 SH SOLE 1 1,395,437 0 71,758