Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
YPF	YPF SOCIEDAD ANONIMA	2,089,700	$88.83M	21.5%	$20.12	—	SPON ADR CL D	984245100
GGAL	GRUPO FINANCIERO GALICIA S.A	780,400	$48.63M	11.8%	$30.56	—	SPONSORED ADR	399909100
—	APPLE INC	175,100	$43.85M	10.6%	—	—	Call	037833900
—	INVESCO QQQ TR	83,300	$42.59M	10.3%	—	—	Call	46090E903
—	SPDR S&P 500 ETF TR	41,100	$24.09M	5.8%	—	—	Put	78462F953
BBAR	BANCO BBVA ARGENTINA S A	1,121,400	$21.37M	5.2%	$9.38	—	SPONSORED ADS	058934100
BMA	BANCO MACRO SA	189,704	$18.36M	4.4%	$58.13	—	SPON ADR B	05961W105
—	APPLE INC	47,100	$11.79M	2.9%	—	—	Put	037833950
KWEB	KRANESHARES TRUST	383,600	$11.22M	2.7%	$28.83	—	CSI CHI INTERNET	500767306
—	INVESCO QQQ TR	16,500	$8.435M	2.0%	—	—	Put	46090E953
—	ALPHABET INC	44,400	$8.405M	2.0%	—	—	Call	02079K905
—	SPDR S&P 500 ETF TR	14,100	$8.264M	2.0%	—	—	Call	78462F903
QQQ	INVESCO QQQ TR	13,200	$6.748M	1.6%	$482.09	—	UNIT SER 1	46090E103
SUPV	GRUPO SUPERVIELLE S.A.	359,300	$5.429M	1.3%	$6.84	—	SPONSORED ADR	40054A108
FXI	ISHARES TR	164,000	$4.992M	1.2%	$28.41	—	CHINA LG-CAP ETF	464287184
EWZ	ISHARES INC	153,000	$3.444M	0.8%	$24.82	—	MSCI BRAZIL ETF	464286400
—	VANECK ETF TRUST	13,100	$3.172M	0.8%	—	—	Put	92189F956
—	TESLA INC	7,500	$3.029M	0.7%	—	—	Put	88160R951
—	BOEING CO	17,100	$3.027M	0.7%	—	—	Call	097023905
—	PDD HOLDINGS INC	20,000	$1.94M	0.5%	—	—	Call	722304902
CRESY	CRESUD S A C I F Y A	145,300	$1.835M	0.4%	$9.20	—	SPONSORED ADR	226406106
IWM	ISHARES TR	8,000	$1.768M	0.4%	$203.22	—	RUSSELL 2000 ETF	464287655
BABA	ALIBABA GROUP HLDG LTD	20,000	$1.696M	0.4%	$82.23	—	SPONSORED ADS	01609W102
—	MICROSOFT CORP	3,500	$1.475M	0.4%	—	—	Call	594918904
SPY	SPDR S&P 500 ETF TR	2,400	$1.407M	0.3%	$586.08	—	TR UNIT	78462F103
XOP	SPDR SER TR	10,000	$1.324M	0.3%	$140.23	—	S&P OILGAS EXP	78468R556
CEPU	CENTRAL PUERTO S A	86,000	$1.246M	0.3%	$9.50	—	SPONSORED ADR	155038201
EDN	EMPRESA DIST Y COMERCIAL NOR	28,400	$1.219M	0.3%	$16.39	—	SPON ADR	29244A102
LOMA	LOMA NEGRA C I A S A MTN 14	101,000	$1.206M	0.3%	$6.81	—	SPONSORED ADS	54150E104
—	GRUPO FINANCIERO GALICIA S.A	18,700	$1.165M	0.3%	—	—	Call	399909900
TGS	TRANSPORTADORA DE GAS SUR	38,800	$1.136M	0.3%	$19.46	—	SPONSORED ADS B	893870204
PBR	PETROLEO BRASILEIRO SA PETRO	80,000	$1.029M	0.2%	$13.94	—	SPONSORED ADR	71654V408
AGRO	ADECOAGRO S A	105,000	$990K	0.2%	$9.94	+6.9%	COM	L00849106
JD	JD.COM INC	28,000	$971K	0.2%	$30.89	—	SPON ADS CL A	47215P106
IRS	IRSA INVERSIONES Y REP S A	64,000	$956K	0.2%	$10.92	—	SPON GDS ECH 10	450047303
PDD	PDD HOLDINGS INC	9,800	$951K	0.2%	$96.99	—	SPONSORED ADS	722304102
EFA	ISHARES TR	12,300	$930K	0.2%	$79.00	—	MSCI EAFE ETF	464287465
—	TESLA INC	2,300	$929K	0.2%	—	—	Call	88160R901
IBB	ISHARES TR	7,000	$925K	0.2%	$135.46	—	ISHARES BIOTECH	464287556
EWW	ISHARES INC	19,100	$894K	0.2%	$48.91	—	MSCI MEXICO ETF	464286822
BA	BOEING CO	5,000	$885K	0.2%	$177.30	-11.5%	COM	097023105
—	BOEING CO	5,000	$885K	0.2%	—	—	Put	097023955
—	ALIBABA GROUP HLDG LTD	10,000	$848K	0.2%	—	—	Call	01609W902
BIDU	BAIDU INC	10,000	$843K	0.2%	$84.85	—	SPON ADR REP A	056752108
—	ISHARES TR	3,400	$751K	0.2%	—	—	Call	464287905
OXY	OCCIDENTAL PETE CORP	15,000	$741K	0.2%	$58.08	-15.2%	COM	674599105
—	NVIDIA CORPORATION	5,400	$725K	0.2%	—	—	Put	67066G954
PAM	PAMPA ENERGIA S A	7,900	$695K	0.2%	$44.26	—	SPONS ADR LVL I	697660207
TSLA	TESLA INC	1,700	$687K	0.2%	$180.44	+78.3%	COM	88160R101
—	YPF SOCIEDAD ANONIMA	15,600	$663K	0.2%	—	—	Put	984245950
LI	LI AUTO INC	27,500	$660K	0.2%	$24.62	—	SPONSORED ADS	50202M102
VALE	VALE S A	74,000	$656K	0.2%	$10.19	—	SPONSORED ADS	91912E105
TLT	ISHARES TR	7,500	$655K	0.2%	$87.33	—	20 YR TR BD ETF	464287432
BILI	BILIBILI INC	35,000	$634K	0.2%	$21.12	—	SPONS ADS REP Z	090040106
BP	BP PLC	20,000	$591K	0.1%	$34.45	—	SPONSORED ADR	055622104
BEKE	KE HLDGS INC	32,000	$589K	0.1%	$18.42	—	SPONSORED ADS	482497104
MCD	MCDONALDS CORP	2,000	$580K	0.1%	$255.04	+13.8%	COM	580135101
—	ISHARES TR	2,500	$552K	0.1%	—	—	Put	464287955
CAAP	CORPORACION AMER ARPTS S A	29,000	$541K	0.1%	$17.16	+9.5%	COM	L1995B107
VIPS	VIPSHOP HLDGS LTD	40,000	$539K	0.1%	$13.47	—	SPONSORED ADS A	92763W103
—	DBX ETF TR	20,000	$529K	0.1%	—	—	Call	233051909
NTES	NETEASE INC	5,500	$491K	0.1%	$91.16	—	SPONSORED ADS	64110W102
EC	ECOPETROL S A	60,000	$475K	0.1%	$10.16	—	SPONSORED ADS	279158109
—	AMAZON COM INC	1,900	$417K	0.1%	—	—	Call	023135906
PFE	PFIZER INC	15,000	$398K	0.1%	$25.18	-0.2%	COM	717081103
DIS	DISNEY WALT CO	3,500	$390K	0.1%	$100.40	+3.1%	COM	254687106
—	NVIDIA CORPORATION	2,900	$389K	0.1%	—	—	Call	67066G904
ARKG	ARK ETF TR	15,000	$353K	0.1%	$24.04	—	GENOMIC REV ETF	00214Q302
ASHR	DBX ETF TR	12,000	$318K	0.1%	$26.47	—	XTRACK HRVST CSI	233051879
ALB	ALBEMARLE CORP	3,500	$301K	0.1%	$86.31	+12.7%	COM	012653101
FXE	INVESCO CURRENCYSHARES EURO	3,000	$287K	0.1%	$95.66	—	EURO SHS	46138K103
XBI	SPDR SER TR	3,000	$270K	0.1%	$92.71	—	S&P BIOTECH	78464A870
BIOX	BIOCERES CROP SOLUTIONS CORP	44,000	$268K	0.1%	$11.32	-39.7%	SHS	G1117K114
—	ALBEMARLE CORP	3,000	$258K	0.1%	—	—	Call	012653901
MSFT	MICROSOFT CORP	600	$253K	0.1%	$417.26	+1.2%	COM	594918104
BHP	BHP GROUP LTD	5,000	$244K	0.1%	$62.11	—	SPONSORED ADS	088606108
EWA	ISHARES INC	10,000	$239K	0.1%	$23.86	—	MSCI AUST ETF	464286103
—	META PLATFORMS INC	400	$234K	0.1%	—	—	Put	30303M952
APA	APA CORPORATION	10,000	$231K	0.1%	$22.14	0.0%	COM	03743Q108
—	ISHARES INC	10,000	$225K	0.1%	—	—	Call	464286900
—	AMAZON COM INC	1,000	$219K	0.1%	—	—	Put	023135956
AMD	ADVANCED MICRO DEVICES INC	1,800	$217K	0.1%	$158.04	-9.0%	COM	007903107
EWY	ISHARES INC	4,000	$204K	0.0%	$50.89	—	MSCI STH KOR ETF	464286772
—	LITHIUM AMERICAS ARGENTINA C	15,000	$39,300	0.0%	$3.05	—	COM SHS	53681K100