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
Expires: July 31, 2015
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
ANHEUSER BUSCH INBEV SA NV SPONSORED ADR 03524A108 12,703,855 154,173 SH OTR 20 154,173 0 0
ARCELORMITTAL SA LUXEMBOURG NY REGISTRY SH 03938L203 1,186,334 19,700 SH OTR 20 19,700 0 0
ARGENX SE SPONSORED ADR 04016X101 463,885 500 SH OTR 20 500 0 0
ASML HLDG NV N Y REGISTRY SHS N07059210 1,448,312 728 SH OTR 20 728 0 0
ASTRAZENECA PLC ORD G0593M107 17,682,065 93,250 SH OTR 20 93,250 0 0
BRITISH AMERN TOB PLC SPONSORED ADR 110448107 5,903,577 95,589 SH OTR 20 95,589 0 0
DIAGEO PLC SPON ADR NEW 25243Q205 2,560,505 31,855 SH OTR 20 31,855 0 0
EQUINOR ASA SPONSORED ADR 29446M102 690,800 22,000 SH OTR 20 22,000 0 0
FERRARI N V COM N3167Y103 24,858,548 66,772 SH OTR 20 66,772 0 0
FRONTLINE PLC COM M46528101 2,181,333 62,700 SH OTR 20 62,700 0 0
GSK PLC SPONSORED ADR 37733W204 12,342,761 235,459 SH OTR 20 235,459 0 0
LOGITECH INTL S A SHS H50430232 918,113 9,763 SH OTR 20 9,763 0 0
MIAMI INTL HLDGS INC COM 59356Q108 563,829 15,173 SH OTR 19 15,173 0 0
NOKIA CORP SPONSORED ADR 654902204 14,278,656 1,075,200 SH OTR 20 1,075,200 0 0
NOVARTIS AG SPONSORED ADR 66987V109 10,475,792 66,844 SH OTR 20 66,844 0 0
NOVO-NORDISK A S ADR 670100205 12,279,064 256,134 SH OTR 20 256,134 0 0
QIAGEN NV ORD SHARES N72482156 705,755 18,050 SH OTR 20 18,050 0 0
SAP SE SPON ADR 803054204 1,022,058 6,632 SH OTR 20 6,632 0 0
SHELL PLC SPON ADS 780259305 770,593 9,938 SH OTR 20 9,938 0 0
STELLANTIS N.V SHS N82405106 863,830 150,493 SH OTR 20 150,493 0 0
STMICROELECTRONICS N V NY REGISTRY 861012102 9,428,651 125,900 SH OTR 20 125,900 0 0
TELEFONAKTIEBOLAGET LM ERICS ADR B SEK 10 294821608 2,213,275 198,500 SH OTR 20 198,500 0 0
UNILEVER PLC SPON ADR NEW 904767803 2,218,428 36,900 SH OTR 20 36,900 0 0
VODAFONE GROUP PLC SPONSORED ADR 92857W308 50,532,725 3,821,000 SH OTR 20 3,821,000 0 0
WOODSIDE ENERGY GROUP LTD SPONSORED ADR 980228308 461,903 23,908 SH OTR 20 23,908 0 0