Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
MSFT	MICROSOFT CORP COM STK	427,012	$67.34M	12.1%	$157.71	$156.34	0.0%	COM	594918104
—	NATURA CO HOLDINGADRWI	5,289,401	$52.05M	9.3%	$9.84	$9.84	—	ADS	63884N108
MCHI	ISHARES MSCI CHN	896,000	$51.3M	9.2%	$57.25	$57.25	—	MSCI CHINA ETF	46429B671
RIO	RIO TINTO PLC ADR	1,014,453	$46.22M	8.3%	$45.56	$54.25	—	SPONSORED ADR	767204100
LQD	ISHARES IBOXX $ INVESTMENT GRADE	350,000	$43.23M	7.8%	$123.51	$123.51	—	IBOXX INV CP ETF	464287242
WMT	WALMART INC	236,000	$26.81M	4.8%	$113.62 *	$35.37	0.0%	COM	931142103
PG	PROCTER GAMBLE CO COM	231,500	$25.46M	4.6%	$110.00 *	$103.83	0.0%	COM	742718109
ROST	ROSS STORES COM	286,163	$24.89M	4.5%	$86.97 *	$100.74	0.0%	COM	778296103
KWEB	KRNSHR CSI CHN	479,000	$21.68M	3.9%	$45.27	$45.27	—	CSI CHI INTERNET	500767306
BBD	BANCO BRADESCO SA BRAD ADR	4,658,838	$18.91M	3.4%	$4.06	$129068.72	—	SPONSORED ADS	059460303
COST	COSTCO WHSL CORP NEW COM STK	52,250	$14.9M	2.7%	$285.13 *	$277.78	0.0%	COM	22160K105
LOW	LOWES COS INC COM STK	166,055	$14.29M	2.6%	$86.05 *	$98.59	-0.3%	COM	548661107
EWZ	ISHARES MSCI BRAZIL ETF	586,525	$13.82M	2.5%	$23.56	$23.56	—	MSCI BRAZIL ETF	464286400
TJX	TJX COS INC NEW COM STK	251,803	$12.04M	2.2%	$47.81 *	$53.34	0.0%	COM	872540109
BABA	ALIBABA GROUP HOLDING LTD	61,000	$11.86M	2.1%	$194.48	$194.48	—	SPONSORED ADS	01609W102
EWW	ISHARES MSCI MEXICO ETF	410,159	$11.63M	2.1%	$28.35	$28.35	—	MSCI MEXICO ETF	464286822
VALE	VALE SA ADR	1,266,801	$10.5M	1.9%	$8.29	$43609.28	—	ADR	91912E105
—	COMPANHIA BRASILEIRA DE DISTRI ADR	746,786	$9.417M	1.7%	$12.61	$12.61	—	SPONSORED ADR	20440T300
—	ADR TIM PARTICIPACOES SA COM STK	617,790	$7.512M	1.3%	$12.16	$14.49	—	COM	88706P205
EMBJ	EMBRAER S A ADR	959,278	$7.099M	1.3%	$7.40	$14.06	—	SPONSORED ADR	29082A107
SONY	SONY CORPADR	111,400	$6.593M	1.2%	$59.18	$59.18	—	SPONSORED ADR	835699307
ISRG	INTUITIVE SURGICAL INC	11,400	$5.645M	1.0%	$495.18 *	$183.15	0.0%	COM	46120E602
ITUB	ITAU UNIBANCO HLDNG SA	1,165,117	$5.231M	0.9%	$4.49	$4.49	—	SPON ADR REP PFD	465562106
TMO	THERMO FISHER CORP	17,900	$5.076M	0.9%	$283.58 *	$310.51	0.0%	COM	883556102
EW	EDWARDS LIFESCIENCES CORP COM STK	26,600	$5.017M	0.9%	$188.61 *	$72.12	0.0%	COM	28176E108
TMUS	TMOBILE US INC COM STK	50,000	$4.195M	0.8%	$83.90 *	$73.64	+11.0%	COM	872590104
SPY	SPDR SP 500 ETF TRUST	15,541	$4.006M	0.7%	$257.77	$257.77	—	TR UNIT	78462F103
—	CALL QQQ 100 @ 210 EXP 09182020	5,000	$3.788M	0.7%	$757.60	$757.60	—	CALL	99O2RCLM6
UGP	ULTRAPAR PARTICIPACOES SA ADR	1,558,348	$3.787M	0.7%	$2.43	$3.69	—	SP ADR REP COM	90400P101
BHP	BHP BILLITON LTD SPON ADR	94,533	$3.468M	0.6%	$36.69	$46.77	—	SPONSORED ADS	088606108
CMCSA	COMCAST CORPORATION SPL A COM STK	100,000	$3.438M	0.6%	$34.38 *	$36.05	0.0%	CL A	20030N101
—	CALL QQQ 100 @ 215 EXP 09182020	5,500	$3.182M	0.6%	$578.55	$578.55	—	CALL	99O2RCLN4
—	LIV CAPITAL ACQUISITION CORP	300,000	$2.94M	0.5%	$9.80	$10.06	—	SPONSORED ADR	G5510C124
LPLA	LPL FINANCIAL HOLDIN GS INC	43,484	$2.367M	0.4%	$54.43 *	$80.62	0.0%	COM	50212V100
—	BANCO SANTANDER MEXICO ADR	599,318	$1.942M	0.3%	$3.24	$477626.47	—	SPONSORED ADS B	05969B103
AXIA	CENTRAIS ELETRICAS BRASILEIRAS ADR	416,020	$1.918M	0.3%	$4.61	$4.61	—	SPONSORED ADR	15234Q207
PBR/A	PETROLEO BRASILEIRO SA PETROBR ADR	273,646	$1.475M	0.3%	$5.39	$2784346.00	—	SPONSORED ADR	71654V101
SBS	CIA SANEAMENTO BASICO DO ESTAD ADR	155,728	$1.149M	0.2%	$7.38	$7.38	—	SPONSORED ADR	20441A102
—	CALL IFF 100 @ 100 EXP 08212020	800	$1.011M	0.2%	$1263.75	$1263.75	—	CALL	99O3KTMF8