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
Estimated average burden
hours per response: 23.8
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
APPLE INC COM 037833100 BBG01FV8K8Y6 0 0 SH   SOLE   0 0 0
AMAZON COM INC COM 023135106 BBG000BVPV84 0 0 SH   SOLE   0 0 0
CBOE GLOBAL MKTS INC COM 12503M108 BBG000QH56C1 0 0 SH   SOLE   0 0 0
ALPHABET INC CAP STK CL C 02079K305 BBG009S39JX6 0 0 SH   SOLE   0 0 0
JOHNSON & JOHNSON COM 478160104 BBG000BMHYD1 0 0 SH   SOLE   0 0 0
MOODYS CORP COM 615369105 BBG000F86GP6 0 0 SH   SOLE   0 0 0
META PLATFORMS INC CL A 30303M102 BBG000MM2P62 0 0 SH   SOLE   0 0 0
MICROSOFT CORP COM 594918104 BBG000BPH459 0 0 SH   SOLE   0 0 0
MOTOROLA SOLUTIONS INC COM NEW 620076307 BBG000BP8Z50 0 0 SH   SOLE   0 0 0
NETFLIX INC COM 64110L106 BBG000CL9VN6 0 0 SH   SOLE   0 0 0
ZOETIS INC CL A 98978V103 BBG0039320N9 0 0 SH   SOLE   0 0 0
VALE S A SPONSORED ADS 91912E105 BBG000BN5LG7 0 0 SH   SOLE   0 0 0
AGILENT TECHNOLOGIES INC COM 00846U101 BBG000C2V3D6 0 0 SH   SOLE   0 0 0
APPLIED MATLS INC COM 038222105 BBG000BBPFB9 0 0 SH   SOLE   0 0 0
COMPANHIA PARANAENSE DE ENER SPON ADS 20441B605 BBG000BHMXD8 0 0 SH   SOLE   0 0 0
EATON CORP PLC SHS G29183103 BBG000BJ3PD2 0 0 SH   SOLE   0 0 0
FORTINET INC COM 34959E109 BBG000BCMBG4 0 0 SH   SOLE   0 0 0
KIMBERLY-CLARK CORP COM 494368103 BBG000BMW2Z0 0 0 SH   SOLE   0 0 0
MERCK & CO INC COM 58933Y105 BBG000BPD168 0 0 SH   SOLE   0 0 0
ARKER-HANNIFIN CORP COM 701094104 BBG000BR3KL6 0 0 SH   SOLE   0 0 0
PILGRIMS PRIDE CORP COM 72147K108 BBG000BFLXV3 0 0 SH   SOLE   0 0 0
PAYPAL HLDGS INC COM 70450Y103 BBG0077VNXV6 0 0 SH   SOLE   0 0 0
SHERWIN WILLIAMS CO COM 824348106 BBG000BSXQV7 0 0 SH   SOLE   0 0 0
STONECO LTD COM CL A G85158106 BBG00M4ZQDK0 0 0 SH   SOLE   0 0 0
TARGET CORP COM 87612E106 BBG000H8TVT2 0 0 SH   SOLE   0 0 0
TRANE TECHNOLOGIES PLC SHS G8994E103 BBG000BM6788 0 0 SH   SOLE   0 0 0
KRANESHARES TRUST CSI CHI INTERNET 500767306 BBG004XB9HY6 0 0 SH Call SOLE   0 0 0
NU HLDGS LTD ORD SHS CL A G6683N103 BBG0136WM1M4 0 0 SH Put SOLE   0 0 0
ISHARES INC MSCI BRAZIL ETF 464286400 BBG000CPLR52 704,900 15,867,299 SH Put SOLE   15,867,299 0 0
ISHARES INC MSCI BRAZIL ETF 464286400 BBG000CPLR52 210,800 4,745,108 SH Call SOLE   4,745,108 0 0
ISHARES INC MSCI BRAZIL ETF 464286400 BBG000CPLR52 99,870 2,248,074 SH   SOLE   2,248,074 0 0
CENTRAIS ELETRICAS BRASILEIR SPON ADR PFD B 15234Q207 BBG000BL63W2 8,762 55,902 SH   SOLE   55,902 0 0
ISHARES TR TIPS BD ETF 464287176 BBG000C01W49 135,100 14,394,905 SH   SOLE   14,394,905 0 0
ISHARES TR TIPS BD ETF 464287176 BBG000C01W49 156,000 16,621,800 SH Put SOLE   16,621,800 0 0
ISHARES TR TIPS BD ETF 464287176 BBG000C01W49 153,700 16,376,735 SH Call SOLE   16,376,735 0 0
DBX ETF TR XTRACK HRVST CSI 233051879 BBG005HJL923 304,000 8,046,880 SH Call SOLE   8,046,880 0 0
ISHARES BITCOIN TRUST ETF SHS BEN INT 46438F101 BBG01KYQ6PV3 100,000 5,305,000 SH Call SOLE   5,305,000 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 BBG000BDTBL9 50,000 29,304,000 SH Put SOLE   29,304,000 0 0
ITAU UNIBANCO HLDG S A SPON ADR REP PFD 465562106 BBG000BPVKZ4 722,529 3,583,744 SH   SOLE   3,583,744 0 0
ITAU UNIBANCO HLDG S A SPON ADR REP PFD 465562106 BBG000BPVKZ4 101,500 503,440 SH Call SOLE   503,440 0 0
ITAU UNIBANCO HLDG S A SPON ADR REP PFD 465562106 BBG000BPVKZ4 775,600 3,846,976 SH Put SOLE   3,846,976 0 0
MERCADOLIBRE INC COM 58733R102 BBG000GQPB11 22 37,410 SH   SOLE   37,410 0 0