Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
AMD	ADVANCED MICRO DEVICES INC	3,300	$2.019M	0.4%	$611.76	—	—	CALL	007903107
BABA	ALIBABA GROUP HLDG LTD	15,000	$1.613M	0.3%	$107.54	$138.89	-22.6%	CALL	01609W102
ALB	ALBEMARLE CORP	6,000	$635K	0.1%	$105.78	$124.08	-14.8%	COM	012653101
SMH	VANECK ETF TRUST	1,000	$609K	0.1%	$609.00	$572.91	+6.3%	SEMICONDUCTR ETF	92189F676
PHG	KONINKLIJKE PHILIPS N V	17,000	$415K	0.1%	$24.43	$26.29	-7.1%	NY REGIS SHS NEW	500472303
AAL	AMERICAN AIRLINES GROUP INC	30,000	$401K	0.1%	$13.37	$14.59	-8.3%	COM	02376R102
ALK	ALASKA AIR GROUP INC	6,000	$232K	0.0%	$38.70	$44.57	-13.2%	COM	011659109
SPCX	SPACE EXPLORATION TECHN CORP	1,400	$211K	0.0%	$150.86	—	—	PUT	84615Q103

Increased Positions (47)

QQQ INVESCO QQQ TR 32.7%

Value $177M (+707.0%) Shares 239,400 (+703.4%) Share Price $739.77 Est. Cost/Share $619.27 Unrealized @ Report Date +19.5%

ADBE ADOBE INC 2.3%

Value $12.31M (+2901.9%) Shares 51,300 (+2465.0%) Share Price $239.94 Est. Cost/Share $236.90 Unrealized @ Report Date +1.3%

BBAR BANCO BBVA ARGENTINA S A 4.9%

Value $26.53M (-20.6%) Shares 2,064,400 (+21.2%) Share Price $12.85 Est. Cost/Share $14.64 Unrealized @ Report Date -12.2%

BMA BANCO MACRO S A 2.2%

Value $11.81M (-25.4%) Shares 176,404 (+3.2%) Share Price $66.93 Est. Cost/Share $66.35 Unrealized @ Report Date +0.9%

QQQ INVESCO QQQ TR 1.1%

Value $6.14M (+119.4%) Shares 8,300 (+118.4%) Share Price $739.77 Est. Cost/Share $619.27 Unrealized @ Report Date +19.5%

GOOGL ALPHABET INC 1.6%

Value $8.602M (+34.5%) Shares 25,000 (+39.7%) Share Price $344.08 Est. Cost/Share $328.84 Unrealized @ Report Date +4.6%

VIST VISTA ENERGY S.A.B. DE C.V. 1.4%

Value $7.417M (+34.1%) Shares 113,500 (+30.9%) Share Price $65.35 Est. Cost/Share $53.31 Unrealized @ Report Date +22.6%

BABA ALIBABA GROUP HLDG LTD 0.8%

Value $4.302M (+54.5%) Shares 40,000 (+37.9%) Share Price $107.54 Est. Cost/Share $138.89 Unrealized @ Report Date -22.6%

TGS TRANSPORTADORA DE GAS DEL SU 1.0%

Value $5.683M (+32.5%) Shares 219,000 (+51.8%) Share Price $25.95 Est. Cost/Share $26.76 Unrealized @ Report Date -3.0%

IWM ISHARES TR 0.7%

Value $3.64M (+42.5%) Shares 13,100 (+54.1%) Share Price $277.89 Est. Cost/Share $269.86 Unrealized @ Report Date +3.0%

CCL CARNIVAL CORP LTD 0.3%

Value $1.718M (+140.5%) Shares 70,000 (+180.0%) Share Price $24.54 Est. Cost/Share $25.98 Unrealized @ Report Date —

SUPV GRUPO SUPERVIELLE S.A. 0.8%

Value $4.118M (-17.8%) Shares 579,200 (+11.7%) Share Price $7.11 Est. Cost/Share $9.20 Unrealized @ Report Date -22.7%

YINN DIREXION SHARES ETF TRUST 0.8%

Value $4.184M (+25.9%) Shares 167,900 (+8.5%) Share Price $24.92 Est. Cost/Share $37.04 Unrealized @ Report Date -32.7%

SPCX SPACE EXPLORATION TECHN CORP 0.5%

Value $2.565M (+48.6%) Shares 17,000 (+68.3%) Share Price $150.86 Est. Cost/Share — Unrealized @ Report Date —

MA MASTERCARD INCORPORATED 0.2%

Value $1.103M (+257.9%) Shares 2,000 (+233.3%) Share Price $551.47 Est. Cost/Share — Unrealized @ Report Date —

TSLA TESLA INC 0.8%

Value $4.577M (+18.3%) Shares 12,900 (+40.2%) Share Price $354.81 Est. Cost/Share — Unrealized @ Report Date —

LOMA LOMA NEGRA C I A S A MTN 14 0.4%

Value $2.282M (+44.4%) Shares 248,000 (+79.7%) Share Price $9.20 Est. Cost/Share $9.83 Unrealized @ Report Date -6.4%

BIDU BAIDU INC 0.3%

Value $1.52M (+77.4%) Shares 17,500 (+133.3%) Share Price $86.87 Est. Cost/Share $114.92 Unrealized @ Report Date -24.4%

GGAL GRUPO FINANCIERO GALICIA S.A 7.8%

Value $42.19M (+1.3%) Shares 1,132,800 (+36.1%) Share Price $37.24 Est. Cost/Share $40.32 Unrealized @ Report Date -7.6%

MCD MCDONALDS CORP 0.3%

Value $1.593M (+47.4%) Shares 6,900 (+72.5%) Share Price $230.94 Est. Cost/Share $277.58 Unrealized @ Report Date -16.8%

CEPU CENTRAL PUERTO S A 0.6%

Value $3.09M (+18.7%) Shares 255,200 (+45.7%) Share Price $12.11 Est. Cost/Share $12.48 Unrealized @ Report Date -3.0%

JETS ETF SER SOLUTIONS 0.2%

Value $1.27M (+52.9%) Shares 45,000 (+80.0%) Share Price $28.22 Est. Cost/Share $28.83 Unrealized @ Report Date -2.1%

MELI MERCADOLIBRE INC 0.5%

Value $2.766M (+16.4%) Shares 1,600 (+14.3%) Share Price $1728.53 Est. Cost/Share $1833.82 Unrealized @ Report Date -5.7%

EDN EMPRESA DIST Y COMERCIAL NOR 1.0%

Value $5.604M (-5.9%) Shares 268,500 (+12.6%) Share Price $20.87 Est. Cost/Share $25.21 Unrealized @ Report Date -17.2%

CAAP CORPORACION AMER ARPTS S A 0.4%

Value $1.959M (+17.9%) Shares 77,000 (+16.7%) Share Price $25.44 Est. Cost/Share $22.13 Unrealized @ Report Date +14.9%

GOOGL ALPHABET INC 0.1%

Value $619K (+73.3%) Shares 1,800 (+80.0%) Share Price $344.08 Est. Cost/Share $328.84 Unrealized @ Report Date +4.6%

KWEB KRANESHARES TRUST 0.2%

Value $980K (+33.6%) Shares 40,000 (+33.3%) Share Price $24.51 Est. Cost/Share $32.36 Unrealized @ Report Date -24.2%

PDD PDD HOLDINGS INC 0.4%

Value $2.143M (+12.4%) Shares 27,500 (+10.0%) Share Price $77.94 Est. Cost/Share $101.12 Unrealized @ Report Date -22.9%

ORCL ORACLE CORP 0.2%

Value $892K (+35.3%) Shares 6,500 (+44.4%) Share Price $137.30 Est. Cost/Share $168.88 Unrealized @ Report Date -18.7%

PAM PAMPA ENERGIA SA 5.5%

Value $30.01M (-0.7%) Shares 385,900 (+4.9%) Share Price $77.77 Est. Cost/Share $76.49 Unrealized @ Report Date +1.7%

AGRO ADECOAGRO S A 0.2%

Value $1.136M (+22.6%) Shares 112,000 (+15.5%) Share Price $10.14 Est. Cost/Share $11.64 Unrealized @ Report Date -12.9%

LAR LITHIUM ARGENTINA AG 0.2%

Value $963K (+22.5%) Shares 175,000 (+84.2%) Share Price $5.50 Est. Cost/Share $4.78 Unrealized @ Report Date +15.1%

VIPS VIPSHOP HLDGS LTD 0.1%

Value $688K (+29.7%) Shares 55,000 (+37.5%) Share Price $12.51 Est. Cost/Share $15.78 Unrealized @ Report Date -20.7%

BA BOEING CO 0.1%

Value $372K (+71.9%) Shares 2,000 (+100.0%) Share Price $186.05 Est. Cost/Share $218.45 Unrealized @ Report Date -14.8%

FMS FRESENIUS MEDICAL CARE AG 0.1%

Value $492K (+45.2%) Shares 22,000 (+46.7%) Share Price $22.38 Est. Cost/Share $24.01 Unrealized @ Report Date -6.8%

AAPL APPLE INC 0.1%

Value $400K (+53.5%) Shares 1,200 (+33.3%) Share Price $333.02 Est. Cost/Share $240.54 Unrealized @ Report Date +38.4%

CRESY CRESUD S A C I F Y A 0.4%

Value $2.049M (+6.7%) Shares 178,055 (+3.9%) Share Price $11.51 Est. Cost/Share $10.06 Unrealized @ Report Date +14.4%

JEPQ J P MORGAN EXCHANGE TRADED F 0.3%

Value $1.421M (+8.1%) Shares 23,200 (+8.4%) Share Price $61.26 Est. Cost/Share $59.36 Unrealized @ Report Date +3.2%

AMZN AMAZON COM INC 0.2%

Value $1.296M (+8.7%) Shares 5,200 (+4.0%) Share Price $249.15 Est. Cost/Share $238.00 Unrealized @ Report Date +4.7%

IWM ISHARES TR 0.1%

Value $333K (+38.7%) Shares 1,200 (+50.0%) Share Price $277.89 Est. Cost/Share $269.86 Unrealized @ Report Date +3.0%

TME TENCENT MUSIC ENTMT GROUP 0.1%

Value $709K (+13.2%) Shares 89,400 (+19.2%) Share Price $7.93 Est. Cost/Share $13.80 Unrealized @ Report Date -42.5%

NFLX NETFLIX INC. 0.2%

Value $1.044M (+4.4%) Shares 15,000 (+7.1%) Share Price $69.58 Est. Cost/Share $87.21 Unrealized @ Report Date -20.2%

NVO NOVO-NORDISK A S 0.0%

Value $265K (+10.7%) Shares 7,000 (+40.0%) Share Price $37.91 Est. Cost/Share $43.86 Unrealized @ Report Date -13.6%

TMF DIREXION SHARES ETF TRUST 0.2%

Value $981K (-1.4%) Shares 38,200 (+36.4%) Share Price $25.68 Est. Cost/Share $36.36 Unrealized @ Report Date -29.4%

LAC LITHIUM AMERS CORP NEW 0.0%

Value $106K (-9.1%) Shares 40,200 (+33.1%) Share Price $2.63 Est. Cost/Share $4.99 Unrealized @ Report Date -47.3%

IWM ISHARES TR 0.1%

Value $278K (+2.8%) Shares 1,000 (+11.1%) Share Price $277.89 Est. Cost/Share $269.86 Unrealized @ Report Date +3.0%

TEO TELECOM ARGENTINA SA 0.1%

Value $274K (+1.7%) Shares 22,300 (+7.7%) Share Price $12.27 Est. Cost/Share $9.00 Unrealized @ Report Date +36.4%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
QQQ	INVESCO QQQ TR	239,400 (+703.4%)	$177M (+707.0%)	32.7%	$739.77	$619.27	+19.5%	CALL	46090E103
ADBE	ADOBE INC	51,300 (+2465.0%)	$12.31M (+2901.9%)	2.3%	$239.94	$236.90	+1.3%	CALL	00724F101
BBAR	BANCO BBVA ARGENTINA S A	2,064,400 (+21.2%)	$26.53M (-20.6%)	4.9%	$12.85	$14.64	-12.2%	SPONSORED ADS	058934100
BMA	BANCO MACRO S A	176,404 (+3.2%)	$11.81M (-25.4%)	2.2%	$66.93	$66.35	+0.9%	SPON ADR B	05961W105
QQQ	INVESCO QQQ TR	8,300 (+118.4%)	$6.14M (+119.4%)	1.1%	$739.77	$619.27	+19.5%	UNIT SER 1	46090E103
GOOGL	ALPHABET INC	25,000 (+39.7%)	$8.602M (+34.5%)	1.6%	$344.08	$328.84	+4.6%	CALL	02079K305
VIST	VISTA ENERGY S.A.B. DE C.V.	113,500 (+30.9%)	$7.417M (+34.1%)	1.4%	$65.35	$53.31	+22.6%	SPONSORED ADS	92837L109
BABA	ALIBABA GROUP HLDG LTD	40,000 (+37.9%)	$4.302M (+54.5%)	0.8%	$107.54	$138.89	-22.6%	SPONSORED ADS	01609W102
TGS	TRANSPORTADORA DE GAS DEL SU	219,000 (+51.8%)	$5.683M (+32.5%)	1.0%	$25.95	$26.76	-3.0%	SPONSORED ADS B	893870204
IWM	ISHARES TR	13,100 (+54.1%)	$3.64M (+42.5%)	0.7%	$277.89	$269.86	+3.0%	CALL	464287655
CCL	CARNIVAL CORP LTD	70,000 (+180.0%)	$1.718M (+140.5%)	0.3%	$24.54	$25.98	—	COMMON SHARES	G2004J103
SUPV	GRUPO SUPERVIELLE S.A.	579,200 (+11.7%)	$4.118M (-17.8%)	0.8%	$7.11	$9.20	-22.7%	SPONSORED ADR	40054A108
YINN	DIREXION SHARES ETF TRUST	167,900 (+8.5%)	$4.184M (+25.9%)	0.8%	$24.92	$37.04	-32.7%	DA FT CH BU ETF	25460G195
SPCX	SPACE EXPLORATION TECHN CORP	17,000 (+68.3%)	$2.565M (+48.6%)	0.5%	$150.86	—	—	CALL	84615Q103
MA	MASTERCARD INCORPORATED	2,000 (+233.3%)	$1.103M (+257.9%)	0.2%	$551.47	—	—	CALL	57636Q104
TSLA	TESLA INC	12,900 (+40.2%)	$4.577M (+18.3%)	0.8%	$354.81	—	—	CALL	88160R101
LOMA	LOMA NEGRA C I A S A MTN 14	248,000 (+79.7%)	$2.282M (+44.4%)	0.4%	$9.20	$9.83	-6.4%	SPONSORED ADS	54150E104
BIDU	BAIDU INC	17,500 (+133.3%)	$1.52M (+77.4%)	0.3%	$86.87	$114.92	-24.4%	SPON ADR REP A	056752108
GGAL	GRUPO FINANCIERO GALICIA S.A	1,132,800 (+36.1%)	$42.19M (+1.3%)	7.8%	$37.24	$40.32	-7.6%	SPONSORED ADR	399909100
MCD	MCDONALDS CORP	6,900 (+72.5%)	$1.593M (+47.4%)	0.3%	$230.94	$277.58	-16.8%	COM	580135101
CEPU	CENTRAL PUERTO S A	255,200 (+45.7%)	$3.09M (+18.7%)	0.6%	$12.11	$12.48	-3.0%	SPONSORED ADR	155038201
JETS	ETF SER SOLUTIONS	45,000 (+80.0%)	$1.27M (+52.9%)	0.2%	$28.22	$28.83	-2.1%	US GLB JETS	26922A842
MELI	MERCADOLIBRE INC	1,600 (+14.3%)	$2.766M (+16.4%)	0.5%	$1728.53	$1833.82	-5.7%	COM	58733R102
EDN	EMPRESA DIST Y COMERCIAL NOR	268,500 (+12.6%)	$5.604M (-5.9%)	1.0%	$20.87	$25.21	-17.2%	SPON ADR	29244A102
CAAP	CORPORACION AMER ARPTS S A	77,000 (+16.7%)	$1.959M (+17.9%)	0.4%	$25.44	$22.13	+14.9%	COM	L1995B107
GOOGL	ALPHABET INC	1,800 (+80.0%)	$619K (+73.3%)	0.1%	$344.08	$328.84	+4.6%	CAP STK CL A	02079K305
KWEB	KRANESHARES TRUST	40,000 (+33.3%)	$980K (+33.6%)	0.2%	$24.51	$32.36	-24.2%	CALL	500767306
PDD	PDD HOLDINGS INC	27,500 (+10.0%)	$2.143M (+12.4%)	0.4%	$77.94	$101.12	-22.9%	SPONSORED ADS	722304102
ORCL	ORACLE CORP	6,500 (+44.4%)	$892K (+35.3%)	0.2%	$137.30	$168.88	-18.7%	COM	68389X105
PAM	PAMPA ENERGIA SA	385,900 (+4.9%)	$30.01M (-0.7%)	5.5%	$77.77	$76.49	+1.7%	SPONS ADR LVL I	697660207
AGRO	ADECOAGRO S A	112,000 (+15.5%)	$1.136M (+22.6%)	0.2%	$10.14	$11.64	-12.9%	COM	L00849106
LAR	LITHIUM ARGENTINA AG	175,000 (+84.2%)	$963K (+22.5%)	0.2%	$5.50	$4.78	+15.1%	COM SHS	H5012F103
VIPS	VIPSHOP HLDGS LTD	55,000 (+37.5%)	$688K (+29.7%)	0.1%	$12.51	$15.78	-20.7%	SPONSORED ADS A	92763W103
BA	BOEING CO	2,000 (+100.0%)	$372K (+71.9%)	0.1%	$186.05	$218.45	-14.8%	COM	097023105
FMS	FRESENIUS MEDICAL CARE AG	22,000 (+46.7%)	$492K (+45.2%)	0.1%	$22.38	$24.01	-6.8%	SPONSORED ADR	358029106
AAPL	APPLE INC	1,200 (+33.3%)	$400K (+53.5%)	0.1%	$333.02	$240.54	+38.4%	COM	037833100
CRESY	CRESUD S A C I F Y A	178,055 (+3.9%)	$2.049M (+6.7%)	0.4%	$11.51	$10.06	+14.4%	SPONSORED ADR	226406106
JEPQ	J P MORGAN EXCHANGE TRADED F	23,200 (+8.4%)	$1.421M (+8.1%)	0.3%	$61.26	$59.36	+3.2%	NASDAQ EQT PREM	46654Q203
AMZN	AMAZON COM INC	5,200 (+4.0%)	$1.296M (+8.7%)	0.2%	$249.15	$238.00	+4.7%	COM	023135106
IWM	ISHARES TR	1,200 (+50.0%)	$333K (+38.7%)	0.1%	$277.89	$269.86	+3.0%	RUSSELL 2000 ETF	464287655
TME	TENCENT MUSIC ENTMT GROUP	89,400 (+19.2%)	$709K (+13.2%)	0.1%	$7.93	$13.80	-42.5%	SPON ADS	88034P109
NFLX	NETFLIX INC.	15,000 (+7.1%)	$1.044M (+4.4%)	0.2%	$69.58	$87.21	-20.2%	COM	64110L106
NVO	NOVO-NORDISK A S	7,000 (+40.0%)	$265K (+10.7%)	0.0%	$37.91	$43.86	-13.6%	ADR	670100205
TMF	DIREXION SHARES ETF TRUST	38,200 (+36.4%)	$981K (-1.4%)	0.2%	$25.68	$36.36	-29.4%	DLY 20 YR TRESUR	25460G138
LAC	LITHIUM AMERS CORP NEW	40,200 (+33.1%)	$106K (-9.1%)	0.0%	$2.63	$4.99	-47.3%	COM SHS	53681J103
IWM	ISHARES TR	1,000 (+11.1%)	$278K (+2.8%)	0.1%	$277.89	$269.86	+3.0%	PUT	464287655
TEO	TELECOM ARGENTINA SA	22,300 (+7.7%)	$274K (+1.7%)	0.1%	$12.27	$9.00	+36.4%	SPON ADR REP B	879273209

Exited Positions (15)

MU MICRON TECHNOLOGY INC 0.2%

Value $1.154M Shares 1,000 Share Price $1154.29 Est. Cost/Share — Unrealized @ Report Date —

NU NU HLDGS LTD 0.2%

Value $949K Shares 71,000 Share Price $13.36 * Est. Cost/Share $14.50 Unrealized @ Report Date -12.7%

NVDA NVIDIA CORPORATION 0.1%

Value $800K Shares 4,000 Share Price $200.09 Est. Cost/Share — Unrealized @ Report Date —

TSLA TESLA INC 0.1%

Value $589K Shares 1,400 Share Price $420.60 Est. Cost/Share — Unrealized @ Report Date —

UNH UNITEDHEALTH GROUP INC 0.1%

Value $416K Shares 1,000 Share Price $415.63 * Est. Cost/Share $319.84 Unrealized @ Report Date +14.8%

SPY STATE STR SPDR S&P 500 ETF T 0.1%

Value $373K Shares 500 Share Price $746.77 * Est. Cost/Share $675.88 Unrealized @ Report Date +12.8%

ASHR DBX ETF TR 0.1%

Value $367K Shares 10,000 Share Price $36.66 * Est. Cost/Share $32.80 Unrealized @ Report Date -0.4%

CNH CNH INDL N V 0.1%

Value $337K Shares 30,000 Share Price $11.23 * Est. Cost/Share $9.99 Unrealized @ Report Date +28.7%

HPQ HP INC 0.1%

Value $329K Shares 15,000 Share Price $21.94 * Est. Cost/Share $22.12 Unrealized @ Report Date +41.4%

EC ECOPETROL S A 0.1%

Value $299K Shares 21,000 Share Price $14.24 * Est. Cost/Share $12.27 Unrealized @ Report Date +34.3%

MSFT MICROSOFT CORP 0.1%

Value $298K Shares 800 Share Price $373.02 * Est. Cost/Share $414.97 Unrealized @ Report Date +23.6%

ATHM AUTOHOME INC 0.0%

Value $266K Shares 14,000 Share Price $19.03 * Est. Cost/Share $23.56 Unrealized @ Report Date -9.8%

SMH VANECK ETF TRUST 0.0%

Value $262K Shares 400 Share Price $655.89 * Est. Cost/Share $572.91 Unrealized @ Report Date +6.3%

DIA STATE STR SPDR DOW JONES IND 0.0%

Value $261K Shares 500 Share Price $522.39 * Est. Cost/Share $414.95 Unrealized @ Report Date +22.6%

MAGS LISTED FDS TR 0.0%

Value $225K Shares 3,500 Share Price $64.30 Est. Cost/Share — Unrealized @ Report Date —

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
MU	MICRON TECHNOLOGY INC	1,000	$1.154M	0.2%	$1154.29	—	—	PUT	595112103
NU	NU HLDGS LTD	71,000	$949K	0.2%	$13.36 *	$14.50	-12.7%	—	G6683N103
NVDA	NVIDIA CORPORATION	4,000	$800K	0.1%	$200.09	—	—	CALL	67066G104
TSLA	TESLA INC	1,400	$589K	0.1%	$420.60	—	—	PUT	88160R101
UNH	UNITEDHEALTH GROUP INC	1,000	$416K	0.1%	$415.63 *	$319.84	+14.8%	CALL	91324P102
SPY	STATE STR SPDR S&P 500 ETF T	500	$373K	0.1%	$746.77 *	$675.88	+12.8%	—	78462F103
ASHR	DBX ETF TR	10,000	$367K	0.1%	$36.66 *	$32.80	-0.4%	—	233051879
CNH	CNH INDL N V	30,000	$337K	0.1%	$11.23 *	$9.99	+28.7%	—	N20944109
HPQ	HP INC	15,000	$329K	0.1%	$21.94 *	$22.12	+41.4%	—	40434L105
EC	ECOPETROL S A	21,000	$299K	0.1%	$14.24 *	$12.27	+34.3%	—	279158109
MSFT	MICROSOFT CORP	800	$298K	0.1%	$373.02 *	$414.97	+23.6%	PUT	594918104
ATHM	AUTOHOME INC	14,000	$266K	0.0%	$19.03 *	$23.56	-9.8%	—	05278C107
SMH	VANECK ETF TRUST	400	$262K	0.0%	$655.89 *	$572.91	+6.3%	PUT	92189F676
DIA	STATE STR SPDR DOW JONES IND	500	$261K	0.0%	$522.39 *	$414.95	+22.6%	—	78467X109
MAGS	LISTED FDS TR	3,500	$225K	0.0%	$64.30	—	—	PUT	53656G498

Decreased Positions (15)

MSFT MICROSOFT CORP 0.9%

Value $4.667M (-78.7%) Shares 9,100 (-84.5%) Share Price $512.90 Est. Cost/Share $414.97 Unrealized @ Report Date +23.6%

YPF YPF SOCIEDAD ANONIMA 12.5%

Value $67.71M (-7.6%) Shares 1,350,600 (-16.2%) Share Price $50.13 Est. Cost/Share $30.78 Unrealized @ Report Date +62.9%

SPY STATE STR SPDR S&P 500 ETF T 0.1%

Value $763K (-80.4%) Shares 1,000 (-80.8%) Share Price $762.63 Est. Cost/Share $675.88 Unrealized @ Report Date +12.8%

QQQ INVESCO QQQ TR 0.1%

Value $666K (-81.5%) Shares 900 (-81.6%) Share Price $739.77 Est. Cost/Share $619.27 Unrealized @ Report Date +19.5%

KWEB KRANESHARES TRUST 3.6%

Value $19.65M (-10.3%) Shares 801,900 (-10.5%) Share Price $24.51 Est. Cost/Share $32.36 Unrealized @ Report Date -24.2%

SPY STATE STR SPDR S&P 500 ETF T 1.5%

Value $8.389M (-14.9%) Shares 11,000 (-16.7%) Share Price $762.63 Est. Cost/Share $675.88 Unrealized @ Report Date +12.8%

SMH VANECK ETF TRUST 0.5%

Value $2.497M (-32.0%) Shares 4,100 (-26.8%) Share Price $609.00 Est. Cost/Share $572.91 Unrealized @ Report Date +6.3%

AAPL APPLE INC 1.1%

Value $6.028M (-15.7%) Shares 18,100 (-26.7%) Share Price $333.02 Est. Cost/Share $240.54 Unrealized @ Report Date +38.4%

MSFT MICROSOFT CORP 0.3%

Value $1.795M (-19.8%) Shares 3,500 (-41.7%) Share Price $512.90 Est. Cost/Share $414.97 Unrealized @ Report Date +23.6%

AAPL APPLE INC 0.1%

Value $433K (-50.1%) Shares 1,300 (-56.7%) Share Price $333.02 Est. Cost/Share $240.54 Unrealized @ Report Date +38.4%

SAP SAP SE 0.2%

Value $834K (-21.6%) Shares 4,000 (-42.0%) Share Price $208.48 Est. Cost/Share $170.55 Unrealized @ Report Date +22.2%

RACE FERRARI N V 0.0%

Value $236K (-36.7%) Shares 600 (-40.0%) Share Price $392.85 Est. Cost/Share $349.91 Unrealized @ Report Date +12.3%

PFE PFIZER INC 0.2%

Value $1.141M (+5.3%) Shares 40,000 (-11.1%) Share Price $28.52 Est. Cost/Share $25.58 Unrealized @ Report Date +11.5%

PBR PETROLEO BRASILEIRO S A 0.2%

Value $1.154M (+3.7%) Shares 55,300 (-19.7%) Share Price $20.87 Est. Cost/Share $12.73 Unrealized @ Report Date +63.9%

ADBE ADOBE INC 0.3%

Value $1.512M (+2.4%) Shares 6,300 (-12.5%) Share Price $239.94 Est. Cost/Share $236.90 Unrealized @ Report Date +1.3%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
MSFT	MICROSOFT CORP	9,100 (-84.5%)	$4.667M (-78.7%)	0.9%	$512.90	$414.97	+23.6%	CALL	594918104
YPF	YPF SOCIEDAD ANONIMA	1,350,600 (-16.2%)	$67.71M (-7.6%)	12.5%	$50.13	$30.78	+62.9%	SPONSORED ADS	984245100
SPY	STATE STR SPDR S&P 500 ETF T	1,000 (-80.8%)	$763K (-80.4%)	0.1%	$762.63	$675.88	+12.8%	CALL	78462F103
QQQ	INVESCO QQQ TR	900 (-81.6%)	$666K (-81.5%)	0.1%	$739.77	$619.27	+19.5%	PUT	46090E103
KWEB	KRANESHARES TRUST	801,900 (-10.5%)	$19.65M (-10.3%)	3.6%	$24.51	$32.36	-24.2%	CSI CHI INTERNET	500767306
SPY	STATE STR SPDR S&P 500 ETF T	11,000 (-16.7%)	$8.389M (-14.9%)	1.5%	$762.63	$675.88	+12.8%	PUT	78462F103
SMH	VANECK ETF TRUST	4,100 (-26.8%)	$2.497M (-32.0%)	0.5%	$609.00	$572.91	+6.3%	CALL	92189F676
AAPL	APPLE INC	18,100 (-26.7%)	$6.028M (-15.7%)	1.1%	$333.02	$240.54	+38.4%	CALL	037833100
MSFT	MICROSOFT CORP	3,500 (-41.7%)	$1.795M (-19.8%)	0.3%	$512.90	$414.97	+23.6%	COM	594918104
AAPL	APPLE INC	1,300 (-56.7%)	$433K (-50.1%)	0.1%	$333.02	$240.54	+38.4%	PUT	037833100
SAP	SAP SE	4,000 (-42.0%)	$834K (-21.6%)	0.2%	$208.48	$170.55	+22.2%	SPON ADR	803054204
RACE	FERRARI N V	600 (-40.0%)	$236K (-36.7%)	0.0%	$392.85	$349.91	+12.3%	COM	N3167Y103
PFE	PFIZER INC	40,000 (-11.1%)	$1.141M (+5.3%)	0.2%	$28.52	$25.58	+11.5%	COM	717081103
PBR	PETROLEO BRASILEIRO S A	55,300 (-19.7%)	$1.154M (+3.7%)	0.2%	$20.87	$12.73	+63.9%	SPONSORED ADR	71654V408
ADBE	ADOBE INC	6,300 (-12.5%)	$1.512M (+2.4%)	0.3%	$239.94	$236.90	+1.3%	COM	00724F101

Unchanged Positions (16)

EWZ ISHARES INC 1.2%

Value $6.623M Shares 177,800 Share Price $37.25 Est. Cost/Share $27.59 Unrealized @ Report Date +35.0%

UNH UNITEDHEALTH GROUP INC 0.6%

Value $3.12M Shares 8,500 Share Price $367.08 Est. Cost/Share $319.84 Unrealized @ Report Date +14.8%

FXI ISHARES TR 1.1%

Value $5.715M Shares 168,000 Share Price $34.02 Est. Cost/Share $37.49 Unrealized @ Report Date -9.3%

XPEV XPENG INC 0.1%

Value $574K Shares 60,000 Share Price $9.56 Est. Cost/Share $16.87 Unrealized @ Report Date -43.3%

IRS IRSA INVERSIONES Y REP S A 0.3%

Value $1.664M Shares 119,551 Share Price $13.92 Est. Cost/Share $13.00 Unrealized @ Report Date +7.1%

BILI BILIBILI INC 0.2%

Value $1.081M Shares 72,000 Share Price $15.02 Est. Cost/Share $24.65 Unrealized @ Report Date -39.1%

JD JD.COM INC 0.5%

Value $2.926M Shares 110,000 Share Price $26.60 Est. Cost/Share $29.50 Unrealized @ Report Date -9.8%

SONY SONY GROUP CORP 0.1%

Value $706K Shares 30,000 Share Price $23.53 Est. Cost/Share $21.08 Unrealized @ Report Date +11.6%

DIS DISNEY WALT CO 0.2%

Value $1.049M Shares 10,000 Share Price $104.90 Est. Cost/Share $105.41 Unrealized @ Report Date -0.5%

VALE VALE S A 0.1%

Value $520K Shares 38,800 Share Price $13.41 Est. Cost/Share $10.90 Unrealized @ Report Date +23.0%

TM TOYOTA MOTOR CORP 0.1%

Value $458K Shares 2,500 Share Price $183.10 Est. Cost/Share $189.42 Unrealized @ Report Date -3.3%

LI LI AUTO INC 0.1%

Value $750K Shares 66,000 Share Price $11.36 Est. Cost/Share $18.78 Unrealized @ Report Date -39.5%

SNY SANOFI SA 0.1%

Value $412K Shares 10,000 Share Price $41.23 Est. Cost/Share $47.61 Unrealized @ Report Date -13.4%

GEHC GE HEALTHCARE TECHNOLOGIES I 0.1%

Value $523K Shares 8,000 Share Price $65.37 Est. Cost/Share $65.73 Unrealized @ Report Date -0.5%

BIOX BIOCERES CROP SOLUTIONS CORP 0.0%

Value $19,140 Shares 55,000 Share Price $0.35 Est. Cost/Share $9.99 Unrealized @ Report Date -96.5%

BIOX BIOCERES CROP SOLUTIONS CORP 0.0%

Value $10,440 Shares 30,000 Share Price $0.35 Est. Cost/Share $9.99 Unrealized @ Report Date -96.5%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
EWZ	ISHARES INC	177,800	$6.623M	1.2%	$37.25	$27.59	+35.0%	MSCI BRAZIL ETF	464286400
UNH	UNITEDHEALTH GROUP INC	8,500	$3.12M	0.6%	$367.08	$319.84	+14.8%	COM	91324P102
FXI	ISHARES TR	168,000	$5.715M	1.1%	$34.02	$37.49	-9.3%	CHINA LG-CAP ETF	464287184
XPEV	XPENG INC	60,000	$574K	0.1%	$9.56	$16.87	-43.3%	ADS	98422D105
IRS	IRSA INVERSIONES Y REP S A	119,551	$1.664M	0.3%	$13.92	$13.00	+7.1%	SPON GDS ECH 10	450047303
BILI	BILIBILI INC	72,000	$1.081M	0.2%	$15.02	$24.65	-39.1%	SPONS ADS REP Z	090040106
JD	JD.COM INC	110,000	$2.926M	0.5%	$26.60	$29.50	-9.8%	SPON ADS CL A	47215P106
SONY	SONY GROUP CORP	30,000	$706K	0.1%	$23.53	$21.08	+11.6%	SPONSORED ADR	835699307
DIS	DISNEY WALT CO	10,000	$1.049M	0.2%	$104.90	$105.41	-0.5%	COM	254687106
VALE	VALE S A	38,800	$520K	0.1%	$13.41	$10.90	+23.0%	SPONSORED ADS	91912E105
TM	TOYOTA MOTOR CORP	2,500	$458K	0.1%	$183.10	$189.42	-3.3%	ADS	892331307
LI	LI AUTO INC	66,000	$750K	0.1%	$11.36	$18.78	-39.5%	SPONSORED ADS	50202M102
SNY	SANOFI SA	10,000	$412K	0.1%	$41.23	$47.61	-13.4%	SPONSORED ADR	80105N105
GEHC	GE HEALTHCARE TECHNOLOGIES I	8,000	$523K	0.1%	$65.37	$65.73	-0.5%	COMMON STOCK	36266G107
BIOX	BIOCERES CROP SOLUTIONS CORP	55,000	$19,140	0.0%	$0.35	$9.99	-96.5%	SHS	G1117K114
BIOX	BIOCERES CROP SOLUTIONS CORP	30,000	$10,440	0.0%	$0.35	$9.99	-96.5%	CALL	G1117K114