Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
QQQ	INVESCO QQQ TR	29,800	$21.94M	5.5%	$522.12	—	CALL	46090E103
MSFT	MICROSOFT CORP	58,700	$21.9M	5.5%	$405.30	—	CALL	594918104
SPY	STATE STR SPDR S&P 500 ETF T	13,200	$9.857M	2.5%	$681.92	—	PUT	78462F103
AAPL	APPLE INC	24,700	$7.147M	1.8%	$213.65	—	CALL	037833100
GOOGL	ALPHABET INC	17,900	$6.397M	1.6%	$323.29	—	CALL	02079K305
SPY	STATE STR SPDR S&P 500 ETF T	5,200	$3.883M	1.0%	$681.92	—	CALL	78462F103
TSLA	TESLA INC	9,200	$3.87M	1.0%	—	—	CALL	88160R101
SMH	VANECK ETF TRUST	5,600	$3.673M	0.9%	—	—	CALL	92189F676
QQQ	INVESCO QQQ TR	4,900	$3.608M	0.9%	$522.12	—	PUT	46090E103
IWM	ISHARES TR	8,500	$2.554M	0.6%	$248.00	—	CALL	464287655
SPCX	SPACE EXPLORATION TECHN CORP	10,100	$1.726M	0.4%	—	—	CALL	84615Q103
ADBE	ADOBE INC	7,200	$1.476M	0.4%	$205.02	—	COM	00724F101
JEPQ	J P MORGAN EXCHANGE TRADED F	21,400	$1.315M	0.3%	$61.46	—	NASDAQ EQT PREM	46654Q203
MU	MICRON TECHNOLOGY INC	1,000	$1.154M	0.3%	—	—	PUT	595112103
SAP	SAP SE	6,900	$1.063M	0.3%	$154.11	—	SPON ADR	803054204
AAPL	APPLE INC	3,000	$868K	0.2%	$213.65	—	PUT	037833100
NVDA	NVIDIA CORPORATION	4,000	$800K	0.2%	$186.52	—	CALL	67066G104
KWEB	KRANESHARES TRUST	30,000	$734K	0.2%	$29.42	—	CALL	500767306
CCL	CARNIVAL CORP LTD	25,000	$714K	0.2%	$28.57	—	COMMON SHARES	G2004J103
ORCL	ORACLE CORP	4,500	$659K	0.2%	$146.55	—	COM	68389X105
SONY	SONY GROUP CORP	30,000	$602K	0.2%	$20.06	—	SPONSORED ADR	835699307
TSLA	TESLA INC	1,400	$589K	0.1%	—	—	PUT	88160R101
GEHC	GE HEALTHCARE TECHNOLOGIES I	8,000	$512K	0.1%	$64.01	—	COMMON STOCK	36266G107
TM	TOYOTA MOTOR CORP	2,500	$421K	0.1%	$168.42	—	ADS	892331307
UNH	UNITEDHEALTH GROUP INC	1,000	$416K	0.1%	$324.61	—	CALL	91324P102
ADBE	ADOBE INC	2,000	$410K	0.1%	$205.02	—	CALL	00724F101
HPQ	HP INC	15,000	$329K	0.1%	$21.94	—	COM	40434L105
MA	MASTERCARD INCORPORATED	600	$308K	0.1%	—	—	CALL	57636Q104
MSFT	MICROSOFT CORP	800	$298K	0.1%	$405.30	—	PUT	594918104
IWM	ISHARES TR	900	$270K	0.1%	$248.00	—	PUT	464287655
SMH	VANECK ETF TRUST	400	$262K	0.1%	—	—	PUT	92189F676
NVO	NOVO-NORDISK A S	5,000	$240K	0.1%	$47.94	—	ADR	670100205
MAGS	LISTED FDS TR	3,500	$225K	0.1%	—	—	PUT	53656G498
BA	BOEING CO	1,000	$216K	0.1%	$216.47	—	COM	097023105
BIOX	BIOCERES CROP SOLUTIONS CORP	30,000	$10,503	0.0%	$9.99	—	CALL	G1117K114

Increased Positions (31)

GGAL GRUPO FINANCIERO GALICIA S.A 10.4%

Value $41.64M (+71.3%) Shares 832,400 (+59.9%) Est. Cost $40.31 Unrealized —

YPF YPF SOCIEDAD ANONIMA 18.3%

Value $73.27M (+15.0%) Shares 1,611,500 (+16.9%) Est. Cost $28.09 Unrealized —

EDN EMPRESA DIST Y COMERCIAL NOR 1.5%

Value $5.953M (+156.2%) Shares 238,500 (+208.1%) Est. Cost $23.73 Unrealized —

KWEB KRANESHARES TRUST 5.5%

Value $21.92M (+17.5%) Shares 895,800 (+36.5%) Est. Cost $29.42 Unrealized —

MELI MERCADOLIBRE INC 0.6%

Value $2.376M (+96.3%) Shares 1,400 (+100.0%) Est. Cost $1884.36 Unrealized —

MSFT MICROSOFT CORP 0.6%

Value $2.238M (+101.5%) Shares 6,000 (+100.0%) Est. Cost $405.30 Unrealized —

PAM PAMPA ENERGIA SA 7.5%

Value $30.22M (+3.6%) Shares 368,000 (+11.7%) Est. Cost $73.26 Unrealized —

AMZN AMAZON COM INC 0.3%

Value $1.192M (+217.9%) Shares 5,000 (+177.8%) Est. Cost $229.25 Unrealized —

TGS TRANSPORTADORA DE GAS DEL SU 1.1%

Value $4.29M (+18.3%) Shares 144,300 (+37.7%) Est. Cost $23.91 Unrealized —

NFLX NETFLIX INC. 0.2%

Value $1M (+131.0%) Shares 14,000 (+211.1%) Est. Cost $75.40 Unrealized —

NU NU HLDGS LTD 0.2%

Value $949K (+143.6%) Shares 71,000 (+162.0%) Est. Cost $14.64 Unrealized —

AGRO ADECOAGRO S A 0.2%

Value $926K (+145.7%) Shares 97,000 (+286.5%) Est. Cost $9.55 Unrealized —

FXI ISHARES TR 1.3%

Value $5.307M (-8.7%) Shares 168,000 (+3.7%) Est. Cost $36.27 Unrealized —

MCD MCDONALDS CORP 0.3%

Value $1.081M (+83.1%) Shares 4,000 (+110.5%) Est. Cost $279.14 Unrealized —

BABA ALIBABA GROUP HLDG LTD 0.7%

Value $2.783M (-14.7%) Shares 29,000 (+11.5%) Est. Cost $122.41 Unrealized —

XPEV XPENG INC 0.2%

Value $794K (+106.4%) Shares 60,000 (+166.7%) Est. Cost $14.69 Unrealized —

BILI BILIBILI INC 0.3%

Value $1.226M (+46.9%) Shares 72,000 (+94.6%) Est. Cost $19.87 Unrealized —

PFE PFIZER INC 0.3%

Value $1.084M (+54.4%) Shares 45,000 (+80.0%) Est. Cost $24.66 Unrealized —

JD JD.COM INC 0.7%

Value $2.803M (-7.1%) Shares 110,000 (+7.8%) Est. Cost $28.94 Unrealized —

BIDU BAIDU INC 0.2%

Value $857K (+28.2%) Shares 7,500 (+25.0%) Est. Cost $111.99 Unrealized —

PDD PDD HOLDINGS INC 0.5%

Value $1.907M (-9.0%) Shares 25,000 (+22.0%) Est. Cost $97.52 Unrealized —

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

Value $1.58M (+13.1%) Shares 138,000 (+9.5%) Est. Cost $9.01 Unrealized —

YINN DIREXION SHARES ETF TRUST 0.8%

Value $3.324M (-3.5%) Shares 154,800 (+47.4%) Est. Cost $29.16 Unrealized —

EC ECOPETROL S A 0.1%

Value $299K (+66.2%) Shares 21,000 (+75.0%) Est. Cost $11.85 Unrealized —

LI LI AUTO INC 0.2%

Value $775K (-9.5%) Shares 66,000 (+37.5%) Est. Cost $15.56 Unrealized —

CEPU CENTRAL PUERTO S A 0.6%

Value $2.603M (+3.0%) Shares 175,200 (+16.6%) Est. Cost $11.31 Unrealized —

ATHM AUTOHOME INC 0.1%

Value $266K (+18.0%) Shares 14,000 (+7.7%) Est. Cost $20.98 Unrealized —

CRESY CRESUD S A C I F Y A 0.5%

Value $1.921M (+1.1%) Shares 171,355 (+14.7%) Est. Cost $10.16 Unrealized —

VIPS VIPSHOP HLDGS LTD 0.1%

Value $530K (+2.2%) Shares 40,000 (+21.2%) Est. Cost $15.29 Unrealized —

DIS DISNEY WALT CO 0.2%

Value $963K (+0.9%) Shares 10,000 (+1.0%) Est. Cost $105.69 Unrealized —

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

Value $5.531M (-0.0%) Shares 86,700 (+18.3%) Est. Cost $45.92 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
GGAL	GRUPO FINANCIERO GALICIA S.A	832,400 (+59.9%)	$41.64M (+71.3%)	10.4%	$40.31	—	SPONSORED ADR	399909100
YPF	YPF SOCIEDAD ANONIMA	1,611,500 (+16.9%)	$73.27M (+15.0%)	18.3%	$28.09	—	SPON ADR CL D	984245100
EDN	EMPRESA DIST Y COMERCIAL NOR	238,500 (+208.1%)	$5.953M (+156.2%)	1.5%	$23.73	—	SPON ADR	29244A102
KWEB	KRANESHARES TRUST	895,800 (+36.5%)	$21.92M (+17.5%)	5.5%	$29.42	—	CSI CHI INTERNET	500767306
MELI	MERCADOLIBRE INC	1,400 (+100.0%)	$2.376M (+96.3%)	0.6%	$1884.36	—	COM	58733R102
MSFT	MICROSOFT CORP	6,000 (+100.0%)	$2.238M (+101.5%)	0.6%	$405.30	—	COM	594918104
PAM	PAMPA ENERGIA SA	368,000 (+11.7%)	$30.22M (+3.6%)	7.5%	$73.26	—	SPONS ADR LVL I	697660207
AMZN	AMAZON COM INC	5,000 (+177.8%)	$1.192M (+217.9%)	0.3%	$229.25	—	COM	023135106
TGS	TRANSPORTADORA DE GAS DEL SU	144,300 (+37.7%)	$4.29M (+18.3%)	1.1%	$23.91	—	SPONSORED ADS B	893870204
NFLX	NETFLIX INC.	14,000 (+211.1%)	$1M (+131.0%)	0.2%	$75.40	—	COM	64110L106
NU	NU HLDGS LTD	71,000 (+162.0%)	$949K (+143.6%)	0.2%	$14.64	—	ORD SHS CL A	G6683N103
AGRO	ADECOAGRO S A	97,000 (+286.5%)	$926K (+145.7%)	0.2%	$9.55	—	COM	L00849106
FXI	ISHARES TR	168,000 (+3.7%)	$5.307M (-8.7%)	1.3%	$36.27	—	CHINA LG-CAP ETF	464287184
MCD	MCDONALDS CORP	4,000 (+110.5%)	$1.081M (+83.1%)	0.3%	$279.14	—	COM	580135101
BABA	ALIBABA GROUP HLDG LTD	29,000 (+11.5%)	$2.783M (-14.7%)	0.7%	$122.41	—	SPONSORED ADS	01609W102
XPEV	XPENG INC	60,000 (+166.7%)	$794K (+106.4%)	0.2%	$14.69	—	ADS	98422D105
BILI	BILIBILI INC	72,000 (+94.6%)	$1.226M (+46.9%)	0.3%	$19.87	—	SPONS ADS REP Z	090040106
PFE	PFIZER INC	45,000 (+80.0%)	$1.084M (+54.4%)	0.3%	$24.66	—	COM	717081103
JD	JD.COM INC	110,000 (+7.8%)	$2.803M (-7.1%)	0.7%	$28.94	—	SPON ADS CL A	47215P106
BIDU	BAIDU INC	7,500 (+25.0%)	$857K (+28.2%)	0.2%	$111.99	—	SPON ADR REP A	056752108
PDD	PDD HOLDINGS INC	25,000 (+22.0%)	$1.907M (-9.0%)	0.5%	$97.52	—	SPONSORED ADS	722304102
LOMA	LOMA NEGRA C I A S A MTN 14	138,000 (+9.5%)	$1.58M (+13.1%)	0.4%	$9.01	—	SPONSORED ADS	54150E104
YINN	DIREXION SHARES ETF TRUST	154,800 (+47.4%)	$3.324M (-3.5%)	0.8%	$29.16	—	DA FT CH BU ETF	25460G195
EC	ECOPETROL S A	21,000 (+75.0%)	$299K (+66.2%)	0.1%	$11.85	—	SPONSORED ADS	279158109
LI	LI AUTO INC	66,000 (+37.5%)	$775K (-9.5%)	0.2%	$15.56	—	SPONSORED ADS	50202M102
CEPU	CENTRAL PUERTO S A	175,200 (+16.6%)	$2.603M (+3.0%)	0.6%	$11.31	—	SPONSORED ADR	155038201
ATHM	AUTOHOME INC	14,000 (+7.7%)	$266K (+18.0%)	0.1%	$20.98	—	SP ADS RP CL A	05278C107
CRESY	CRESUD S A C I F Y A	171,355 (+14.7%)	$1.921M (+1.1%)	0.5%	$10.16	—	SPONSORED ADR	226406106
VIPS	VIPSHOP HLDGS LTD	40,000 (+21.2%)	$530K (+2.2%)	0.1%	$15.29	—	SPONSORED ADS A	92763W103
DIS	DISNEY WALT CO	10,000 (+1.0%)	$963K (+0.9%)	0.2%	$105.69	—	COM	254687106
VIST	VISTA ENERGY S.A.B. DE C.V.	86,700 (+18.3%)	$5.531M (-0.0%)	1.4%	$45.92	—	SPONSORED ADS	92837L109

Exited Positions (25)

— INVESCO QQQ TR 7.9%

Value $31.86M Shares 55,200 Est. Cost — Unrealized —

— MICROSOFT CORP 4.4%

Value $17.73M Shares 47,900 Est. Cost — Unrealized —

— STATE STR SPDR S&P 500 ETF T 3.5%

Value $13.98M Shares 21,500 Est. Cost — Unrealized —

— ALPHABET INC 1.4%

Value $5.464M Shares 19,000 Est. Cost — Unrealized —

— TESLA INC 1.2%

Value $4.981M Shares 13,400 Est. Cost — Unrealized —

— APPLE INC 1.1%

Value $4.391M Shares 17,300 Est. Cost — Unrealized —

— NVIDIA CORPORATION 1.1%

Value $4.325M Shares 24,800 Est. Cost — Unrealized —

FXE INVESCO CURRENCYSHARES EURO 0.5%

Value $2.102M Shares 19,700 Est. Cost $106.69 Unrealized —

— UNITEDHEALTH GROUP INC 0.5%

Value $1.948M Shares 7,200 Est. Cost — Unrealized —

— ISHARES TR 0.4%

Value $1.637M Shares 6,600 Est. Cost — Unrealized —

— NVIDIA CORPORATION 0.4%

Value $1.604M Shares 9,200 Est. Cost — Unrealized —

NVDA NVIDIA CORPORATION 0.2%

Value $872K Shares 5,000 Est. Cost $186.52 Unrealized —

— KRANESHARES TRUST 0.2%

Value $853K Shares 30,000 Est. Cost — Unrealized —

— TESLA INC 0.2%

Value $706K Shares 1,900 Est. Cost — Unrealized —

EEM ISHARES TR 0.1%

Value $568K Shares 10,000 Est. Cost $56.79 Unrealized —

— AMAZON COM INC 0.1%

Value $562K Shares 2,700 Est. Cost — Unrealized —

— APPLE INC 0.1%

Value $558K Shares 2,200 Est. Cost — Unrealized —

— VANECK ETF TRUST 0.1%

Value $537K Shares 1,400 Est. Cost — Unrealized —

ALB ALBEMARLE CORP 0.1%

Value $467K Shares 2,600 Est. Cost $69.27 Unrealized —

CCL CARNIVAL CORP 0.1%

Value $388K Shares 15,000 Est. Cost $31.02 Unrealized —

— ORACLE CORP 0.1%

Value $368K Shares 2,500 Est. Cost — Unrealized —

STM STMICROELECTRONICS N V 0.1%

Value $346K Shares 10,000 Est. Cost $28.57 Unrealized —

ARKG ARK ETF TR 0.1%

Value $317K Shares 12,000 Est. Cost $26.42 Unrealized —

AAL AMERICAN AIRLINES GROUP INC 0.1%

Value $269K Shares 25,000 Est. Cost $14.57 Unrealized —

— STATE STR SPDR S&P 500 ETF T 0.1%

Value $260K Shares 400 Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
—	INVESCO QQQ TR	55,200	$31.86M	7.9%	—	—	CALL	46090E903
—	MICROSOFT CORP	47,900	$17.73M	4.4%	—	—	CALL	594918904
—	STATE STR SPDR S&P 500 ETF T	21,500	$13.98M	3.5%	—	—	PUT	78462F953
—	ALPHABET INC	19,000	$5.464M	1.4%	—	—	CALL	02079K905
—	TESLA INC	13,400	$4.981M	1.2%	—	—	CALL	88160R901
—	APPLE INC	17,300	$4.391M	1.1%	—	—	CALL	037833900
—	NVIDIA CORPORATION	24,800	$4.325M	1.1%	—	—	CALL	67066G904
FXE	INVESCO CURRENCYSHARES EURO	19,700	$2.102M	0.5%	$106.69	—	—	46138K103
—	UNITEDHEALTH GROUP INC	7,200	$1.948M	0.5%	—	—	CALL	91324P902
—	ISHARES TR	6,600	$1.637M	0.4%	—	—	CALL	464287905
—	NVIDIA CORPORATION	9,200	$1.604M	0.4%	—	—	PUT	67066G954
NVDA	NVIDIA CORPORATION	5,000	$872K	0.2%	$186.52	—	—	67066G104
—	KRANESHARES TRUST	30,000	$853K	0.2%	—	—	CALL	500767906
—	TESLA INC	1,900	$706K	0.2%	—	—	PUT	88160R951
EEM	ISHARES TR	10,000	$568K	0.1%	$56.79	—	—	464287234
—	AMAZON COM INC	2,700	$562K	0.1%	—	—	CALL	023135906
—	APPLE INC	2,200	$558K	0.1%	—	—	PUT	037833950
—	VANECK ETF TRUST	1,400	$537K	0.1%	—	—	CALL	92189F906
ALB	ALBEMARLE CORP	2,600	$467K	0.1%	$69.27	—	—	012653101
CCL	CARNIVAL CORP	15,000	$388K	0.1%	$31.02	—	—	143658300
—	ORACLE CORP	2,500	$368K	0.1%	—	—	CALL	68389X905
STM	STMICROELECTRONICS N V	10,000	$346K	0.1%	$28.57	—	—	861012102
ARKG	ARK ETF TR	12,000	$317K	0.1%	$26.42	—	—	00214Q302
AAL	AMERICAN AIRLINES GROUP INC	25,000	$269K	0.1%	$14.57	—	—	02376R102
—	STATE STR SPDR S&P 500 ETF T	400	$260K	0.1%	—	—	CALL	78462F903

Decreased Positions (11)

BBAR BANCO BBVA ARGENTINA S A 8.3%

Value $33.41M (+19.6%) Shares 1,703,800 (-2.1%) Est. Cost $13.06 Unrealized —

AAPL APPLE INC 0.1%

Value $260K (-82.3%) Shares 900 (-84.5%) Est. Cost $213.65 Unrealized —

UNH UNITEDHEALTH GROUP INC 0.9%

Value $3.533M (+51.8%) Shares 8,500 (-1.2%) Est. Cost $324.61 Unrealized —

PBR PETROLEO BRASILEIRO S A 0.3%

Value $1.113M (-36.8%) Shares 68,900 (-18.8%) Est. Cost $12.62 Unrealized —

ASHR DBX ETF TR 0.1%

Value $367K (-59.9%) Shares 10,000 (-64.3%) Est. Cost $32.85 Unrealized —

QQQ INVESCO QQQ TR 0.7%

Value $2.798M (+24.3%) Shares 3,800 (-2.6%) Est. Cost $522.12 Unrealized —

CAAP CORPORACION AMER ARPTS S A 0.4%

Value $1.662M (-11.2%) Shares 66,000 (-10.8%) Est. Cost $22.05 Unrealized —

IRS IRSA INVERSIONES Y REP S A 0.5%

Value $1.846M (-8.6%) Shares 119,551 (-4.0%) Est. Cost $12.71 Unrealized —

LAR LITHIUM ARGENTINA AG 0.2%

Value $786K (-11.6%) Shares 95,000 (-28.6%) Est. Cost $3.41 Unrealized —

RACE FERRARI N V 0.1%

Value $372K (-21.4%) Shares 1,000 (-28.6%) Est. Cost $356.58 Unrealized —

IWM ISHARES TR 0.1%

Value $240K (-25.4%) Shares 800 (-38.5%) Est. Cost $248.00 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
BBAR	BANCO BBVA ARGENTINA S A	1,703,800 (-2.1%)	$33.41M (+19.6%)	8.3%	$13.06	—	SPONSORED ADS	058934100
AAPL	APPLE INC	900 (-84.5%)	$260K (-82.3%)	0.1%	$213.65	—	COM	037833100
UNH	UNITEDHEALTH GROUP INC	8,500 (-1.2%)	$3.533M (+51.8%)	0.9%	$324.61	—	COM	91324P102
PBR	PETROLEO BRASILEIRO S A	68,900 (-18.8%)	$1.113M (-36.8%)	0.3%	$12.62	—	SPONSORED ADR	71654V408
ASHR	DBX ETF TR	10,000 (-64.3%)	$367K (-59.9%)	0.1%	$32.85	—	XTRACK HRVST CSI	233051879
QQQ	INVESCO QQQ TR	3,800 (-2.6%)	$2.798M (+24.3%)	0.7%	$522.12	—	UNIT SER 1	46090E103
CAAP	CORPORACION AMER ARPTS S A	66,000 (-10.8%)	$1.662M (-11.2%)	0.4%	$22.05	—	COM	L1995B107
IRS	IRSA INVERSIONES Y REP S A	119,551 (-4.0%)	$1.846M (-8.6%)	0.5%	$12.71	—	SPON GDS ECH 10	450047303
LAR	LITHIUM ARGENTINA AG	95,000 (-28.6%)	$786K (-11.6%)	0.2%	$3.41	—	COM SHS	H5012F103
RACE	FERRARI N V	1,000 (-28.6%)	$372K (-21.4%)	0.1%	$356.58	—	COM	N3167Y103
IWM	ISHARES TR	800 (-38.5%)	$240K (-25.4%)	0.1%	$248.00	—	RUSSELL 2000 ETF	464287655

Unchanged Positions (16)

BMA BANCO MACRO S A 3.9%

Value $15.83M Shares 171,004 Est. Cost $63.82 Unrealized —

EWZ ISHARES INC 1.5%

Value $6.134M Shares 177,800 Est. Cost $26.16 Unrealized —

JETS ETF SER SOLUTIONS 0.2%

Value $831K Shares 25,000 Est. Cost $24.63 Unrealized —

SUPV GRUPO SUPERVIELLE S.A. 1.2%

Value $5.011M Shares 518,700 Est. Cost $8.00 Unrealized —

GOOGL ALPHABET INC 0.1%

Value $357K Shares 1,000 Est. Cost $323.29 Unrealized —

TME TENCENT MUSIC ENTMT GROUP 0.2%

Value $626K Shares 75,000 Est. Cost $9.28 Unrealized —

SNY SANOFI SA 0.1%

Value $427K Shares 10,000 Est. Cost $47.59 Unrealized —

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

Value $373K Shares 500 Est. Cost $681.92 Unrealized —

VALE VALE S A 0.1%

Value $584K Shares 38,800 Est. Cost $10.63 Unrealized —

DIA STATE STR SPDR DOW JONES IND 0.1%

Value $261K Shares 500 Est. Cost $440.65 Unrealized —

TEO TELECOM ARGENTINA SA 0.1%

Value $269K Shares 20,700 Est. Cost $7.27 Unrealized —

TMF DIREXION SHARES ETF TRUST 0.2%

Value $995K Shares 28,000 Est. Cost $40.18 Unrealized —

CNH CNH INDL N V 0.1%

Value $337K Shares 30,000 Est. Cost $9.99 Unrealized —

BIOX BIOCERES CROP SOLUTIONS CORP 0.0%

Value $19,256 Shares 55,000 Est. Cost $9.99 Unrealized —

LAC LITHIUM AMERS CORP NEW 0.0%

Value $116K Shares 30,200 Est. Cost $5.69 Unrealized —

FMS FRESENIUS MEDICAL CARE AG 0.1%

Value $339K Shares 15,000 Est. Cost $23.40 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
BMA	BANCO MACRO S A	171,004	$15.83M	3.9%	$63.82	—	SPON ADR B	05961W105
EWZ	ISHARES INC	177,800	$6.134M	1.5%	$26.16	—	MSCI BRAZIL ETF	464286400
JETS	ETF SER SOLUTIONS	25,000	$831K	0.2%	$24.63	—	US GLB JETS	26922A842
SUPV	GRUPO SUPERVIELLE S.A.	518,700	$5.011M	1.2%	$8.00	—	SPONSORED ADR	40054A108
GOOGL	ALPHABET INC	1,000	$357K	0.1%	$323.29	—	CAP STK CL A	02079K305
TME	TENCENT MUSIC ENTMT GROUP	75,000	$626K	0.2%	$9.28	—	SPON ADS	88034P109
SNY	SANOFI SA	10,000	$427K	0.1%	$47.59	—	SPONSORED ADR	80105N105
SPY	STATE STR SPDR S&P 500 ETF T	500	$373K	0.1%	$681.92	—	TR UNIT	78462F103
VALE	VALE S A	38,800	$584K	0.1%	$10.63	—	SPONSORED ADS	91912E105
DIA	STATE STR SPDR DOW JONES IND	500	$261K	0.1%	$440.65	—	UT SER 1	78467X109
TEO	TELECOM ARGENTINA SA	20,700	$269K	0.1%	$7.27	—	SPON ADR REP B	879273209
TMF	DIREXION SHARES ETF TRUST	28,000	$995K	0.2%	$40.18	—	DLY 20 YR TRESUR	25460G138
CNH	CNH INDL N V	30,000	$337K	0.1%	$9.99	—	SHS	N20944109
BIOX	BIOCERES CROP SOLUTIONS CORP	55,000	$19,256	0.0%	$9.99	—	SHS	G1117K114
LAC	LITHIUM AMERS CORP NEW	30,200	$116K	0.0%	$5.69	—	COM SHS	53681J103
FMS	FRESENIUS MEDICAL CARE AG	15,000	$339K	0.1%	$23.40	—	SPONSORED ADR	358029106