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
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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 FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
ADECOAGRO S A COM L00849106 BBG001V05PW6 1,745,192 179,362 SH   SOLE   179,362 0 0
ADVANCED MICRO DEVICES INC COM 007903107 BBG001S5NN36 3,558,563 21,938 SH   SOLE   21,938 0 0
AES CORP COM 00130H105 BBG001S6B1L5 3,900,575 222,002 SH   SOLE   222,002 0 0
ALBEMARLE CORP COM 012653101 BBG001S7SBP9 318,655 3,336 SH   SOLE   3,336 0 0
ALCOA CORP COM 013872106 BBG00B3T3HF1 1,042,196 26,199 SH   SOLE   26,199 0 0
ALIBABA GROUP HLDG LTD SPONSORED ADS 01609W102 BBG006G2JWB1 1,381,176 19,183 SH   SOLE   19,183 0 0
ALPHABET INC CAP STK CL C 02079K107 BBG009S3NB21 7,730,064 42,144 SH   SOLE   42,144 0 0
AMAZON COM INC COM 023135106 BBG001S5PQL7 7,482,447 38,719 SH   SOLE   38,719 0 0
ARCH CAP GROUP LTD ORD G0450A105 BBG001S9HZ74 7,563,522 74,968 SH   SOLE   74,968 0 0
ASML HOLDING N V N Y REGISTRY SHS N07059210 BBG001SCG0R3 3,510,009 3,432 SH   SOLE   3,432 0 0
ASTRAZENECA PLC SPONSORED ADR 046353108 BBG001SB80N8 2,966,272 38,034 SH   SOLE   38,034 0 0
AUTOMATIC DATA PROCESSING IN COM 053015103 BBG001S82KF6 6,603,121 27,664 SH   SOLE   27,664 0 0
BARRICK GOLD CORP COM 067901108 BBG001S5N9P3 785,277 47,079 SH   SOLE   47,079 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 BBG001S90346 5,926,144 14,568 SH   SOLE   14,568 0 0
BRF SA SPONSORED ADR 10552T107 BBG001S5V2P9 2,314,084 568,571 SH   SOLE   568,571 0 0
BRITISH AMERN TOB PLC SPONSORED ADR 110448107 BBG001S6VV46 2,267,810 73,321 SH   SOLE   73,321 0 0
CANADIAN NAT RES LTD COM 136385101 BBG001S5YC56 2,332,116 65,500 SH   SOLE   65,500 0 0
CANADIAN PACIFIC KANSAS CITY COM 13646K108 BBG001S7F4Z8 8,653,047 109,907 SH   SOLE   109,907 0 0
CENOVUS ENERGY INC COM 15135U109 BBG001T2PJV8 661,421 33,643 SH   SOLE   33,643 0 0
CHENIERE ENERGY INC COM NEW 16411R208 BBG001S7W158 4,900,008 28,027 SH   SOLE   28,027 0 0
CHESAPEAKE ENERGY CORP COM 165167735 BBG00Z6DX607 697,308 8,484 SH   SOLE   8,484 0 0
CIVITAS RESOURCES INC COM NEW 17888H103 BBG00GLNJ0R0 452,641 6,560 SH   SOLE   6,560 0 0
CNH INDL N V SHS N20944109 BBG0059JSF67 1,430,376 141,202 SH   SOLE   141,202 0 0
CONSOL ENERGY INC NEW COM 20854L108 BBG00HC115M9 6,621,518 64,898 SH   SOLE   64,898 0 0
CONSTELLATION ENERGY CORP COM 21037T109 BBG014KFRPJ9 440,995 2,202 SH   SOLE   2,202 0 0
CORPAY INC COM SHS 219948106 BBG001SHC7K8 5,466,733 20,520 SH   SOLE   20,520 0 0
COUPANG INC CL A 22266T109 BBG00XMJRPR7 2,454,041 117,138 SH   SOLE   117,138 0 0
CRH PLC ORD G25508105 BBG001S61NK9 2,158,524 28,788 SH   SOLE   28,788 0 0
EATON CORP PLC SHS G29183103 BBG001S5QZ45 962,294 3,069 SH   SOLE   3,069 0 0
EXXON MOBIL CORP COM 30231G102 BBG001S69V32 928,699 8,067 SH   SOLE   8,067 0 0
FISERV INC COM 337738108 BBG001S5R6Q4 6,624,083 44,445 SH   SOLE   44,445 0 0
FLUOR CORP NEW COM 343412102 BBG001S5Q738 716,398 16,450 SH   SOLE   16,450 0 0
FREEPORT-MCMORAN INC CL B 35671D857 BBG001S5R3F3 939,001 19,321 SH   SOLE   19,321 0 0
GE AEROSPACE COM NEW 369604301 BBG001S5PVD5 1,034,100 6,505 SH   SOLE   6,505 0 0
GE VERNOVA INC COM 36828A101 BBG013G17W77 760,304 4,433 SH   SOLE   4,433 0 0
GENPACT LIMITED SHS G3922B107 BBG001SJT2Y2 935,667 29,067 SH   SOLE   29,067 0 0
GLOBAL E ONLINE LTD SHS M5216V106 BBG00ZKY1Q42 2,201,408 60,695 SH   SOLE   60,695 0 0
GOLAR LNG LTD SHS G9456A100 BBG001SHSF05 3,297,337 105,178 SH   SOLE   105,178 0 0
GRACO INC COM 384109104 BBG001S5RK56 475,680 6,000 SH   SOLE   6,000 0 0
GXO LOGISTICS INCORPORATED COMMON STOCK 36262G101 BBG00YDGX9Z1 1,923,040 38,080 SH   SOLE   38,080 0 0
HARMONY GOLD MINING CO LTD SPONSORED ADR 413216300 BBG001S64W80 944,868 103,039 SH   SOLE   103,039 0 0
HDFC BANK LTD SPONSORED ADS 40415F101 BBG001SJB7J7 1,583,290 24,612 SH   SOLE   24,612 0 0
IAC INC COM NEW 44891N208 BBG00S1LR2D2 3,500,210 74,711 SH   SOLE   74,711 0 0
ICICI BANK LIMITED ADR 45104G104 BBG001SCD3Z1 1,472,681 51,117 SH   SOLE   51,117 0 0
INTUIT COM 461202103 BBG001S6TWR2 3,071,825 4,674 SH   SOLE   4,674 0 0
ISHARES TR MSCI USA QLT FCT 46432F339 BBG004TRTWW3 852,508 4,992 SH   SOLE   4,992 0 0
ITAU UNIBANCO HLDG S A SPON ADR REP PFD 465562106 BBG001S65TL1 1,280,397 219,246 SH   SOLE   219,246 0 0
KBR INC COM 48242W106 BBG001SP11V3 5,079,645 79,196 SH   SOLE   79,196 0 0
KOSMOS ENERGY LTD COM 500688106 BBG001SJV7R6 718,704 129,730 SH   SOLE   129,730 0 0
KT CORP SPONSORED ADR 48268K101 BBG001SCTCR3 1,640,933 120,039 SH   SOLE   120,039 0 0
LAM RESEARCH CORP COM 512807108 BBG001S5SW40 3,937,815 3,698 SH   SOLE   3,698 0 0
LAUDER ESTEE COS INC CL A 518439104 BBG001S8L5H6 1,640,582 15,419 SH   SOLE   15,419 0 0
LINDE PLC SHS G54950103 BBG01FND0CH6 803,476 1,831 SH   SOLE   1,831 0 0
MASTERCARD INCORPORATED CL A 57636Q104 BBG001SKNNS6 5,012,641 11,362 SH   SOLE   11,362 0 0
MERCADOLIBRE INC COM 58733R102 BBG001SM32G3 1,156,954 704 SH   SOLE   704 0 0
META PLATFORMS INC CL A 30303M102 BBG001SQCQC5 6,794,890 13,476 SH   SOLE   13,476 0 0
MICRON TECHNOLOGY INC COM 595112103 BBG001S6P675 6,210,495 47,217 SH   SOLE   47,217 0 0
MICROSOFT CORP COM 594918104 BBG001S5TD05 7,395,223 16,546 SH   SOLE   16,546 0 0
MOODYS CORP COM 615369105 BBG001S5VP87 5,537,937 13,156 SH   SOLE   13,156 0 0
NETFLIX INC COM 64110L106 BBG001SF6L46 6,283,808 9,311 SH   SOLE   9,311 0 0
NEXTERA ENERGY INC COM 65339F101 BBG001S5RB29 327,161 4,620 SH   SOLE   4,620 0 0
NIKE INC CL B 654106103 BBG001S6NTK2 4,478,560 59,421 SH   SOLE   59,421 0 0
NOVO-NORDISK A S ADR 670100205 BBG001S5TSK0 3,818,152 26,749 SH   SOLE   26,749 0 0
NU HLDGS LTD ORD SHS CL A G6683N103 BBG0136WM2Y9 3,056,051 237,087 SH   SOLE   237,087 0 0
NVIDIA CORPORATION COM 67066G104 BBG001S5TZJ6 5,653,811 45,765 SH   SOLE   45,765 0 0
OTIS WORLDWIDE CORP COM 68902V107 BBG00RP60LN7 8,908,642 92,548 SH   SOLE   92,548 0 0
PETROLEO BRASILEIRO SA PETRO SPONSORED ADR 71654V408 BBG001SF6W88 3,157,182 217,887 SH   SOLE   217,887 0 0
PHILIP MORRIS INTL INC COM 718172109 BBG001STP9N1 7,121,160 70,277 SH   SOLE   70,277 0 0
RIO TINTO PLC SPONSORED ADR 767204100 BBG001SB0LX9 619,427 9,395 SH   SOLE   9,395 0 0
S&P GLOBAL INC COM 78409V104 BBG001S5T5M8 4,816,735 10,800 SH   SOLE   10,800 0 0
SCHWAB CHARLES CORP COM 808513105 BBG001S5VXD4 6,490,650 88,080 SH   SOLE   88,080 0 0
SEA LTD SPONSORD ADS 81141R100 BBG00HTBWMH4 3,045,849 42,647 SH   SOLE   42,647 0 0
SENSATA TECHNOLOGIES HLDG PL SHS G8060N102 BBG00JPGYWV3 546,305 14,611 SH   SOLE   14,611 0 0
SERVICENOW INC COM 81762P102 BBG001T4JFC0 2,605,451 3,312 SH   SOLE   3,312 0 0
SOCIEDAD QUIMICA Y MINERA DE SPON ADR SER B 833635105 BBG001S7G2C6 569,441 13,974 SH   SOLE   13,974 0 0
SOUTHWESTERN ENERGY CO COM 845467109 BBG001S5WHW7 978,585 145,406 SH   SOLE   145,406 0 0
SPDR GOLD TR GOLD SHS 78463V107 BBG001SCPX28 4,669,802 21,719 SH   SOLE   21,719 0 0
STARBUCKS CORP COM 855244109 BBG001S72KH6 4,511,507 57,951 SH   SOLE   57,951 0 0
SUNRUN INC COM 86771W105 BBG0025XVR94 360,461 30,393 SH   SOLE   30,393 0 0
TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS 874039100 BBG001S5WWW4 3,079,739 17,719 SH   SOLE   17,719 0 0
TECK RESOURCES LTD CL B 878742204 BBG001S60LH8 5,851,211 122,153 SH   SOLE   122,153 0 0
THERMO FISHER SCIENTIFIC INC COM 883556102 BBG001S5WS08 5,903,839 10,676 SH   SOLE   10,676 0 0
TOTALENERGIES SE SPONSORED ADS 89151E109 BBG001S6WYD9 3,564,030 53,450 SH   SOLE   53,450 0 0
TRANSDIGM GROUP INC COM 893641100 BBG001SPV1C1 4,574,115 3,580 SH   SOLE   3,580 0 0
TRANSOCEAN LTD REGISTERED SHS H8817H100 BBG001S7B678 4,785,441 894,475 SH   SOLE   894,475 0 0
UBER TECHNOLOGIES INC COM 90353T100 BBG002B04MW4 2,280,335 31,375 SH   SOLE   31,375 0 0
UBS GROUP AG SHS H42097107 BBG007936GX0 2,188,530 74,087 SH   SOLE   74,087 0 0
VALE S A SPONSORED ADS 91912E105 BBG001SB54S8 1,924,923 172,330 SH   SOLE   172,330 0 0
VERTIV HOLDINGS CO COM CL A 92537N108 BBG00L2B8LM7 1,287,645 14,874 SH   SOLE   14,874 0 0
VISA INC COM CL A 92826C839 BBG001SRCFY3 4,320,641 16,461 SH   SOLE   16,461 0 0
WELLS FARGO CO NEW COM 949746101 BBG001S5XF23 5,921,820 99,711 SH   SOLE   99,711 0 0
WORKDAY INC CL A 98138H101 BBG001T21KQ7 2,156,236 9,645 SH   SOLE   9,645 0 0
XP INC CL A G98239109 BBG00QVJYHP4 1,015,594 57,737 SH   SOLE   57,737 0 0
YUM CHINA HLDGS INC COM 98850P109 BBG00B8N0HH0 634,225 20,565 SH   SOLE   20,565 0 0