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 (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
ALIBABA GROUP HLDG LTD SPONSORED ADS 01609W102 96,683 813,900 SH   SOLE   813,900 0 0
COCA-COLA FEMSA SAB DE CV SPONSORD ADR REP 191241108 7,529 137,407 SH   SOLE   119 137,288 0
CDK GLOBAL INC COM 12508E101 46,984 1,125,633 SH   SOLE   762,805 362,828 0
COMPANIA CERVECERIAS UNIDAS SPONSORED ADR 204429104 9,807 597,594 SH   SOLE   597,594 0 0
HALLIBURTON CO COM 406216101 5,800 253,607 SH   SOLE   253,607 0 0
IAA INC COM 449253103 18,975 374,858 SH   SOLE   374,858 0 0
NEW ORIENTAL ED & TECHNOLOGY SPON ADR 647581107 26,868 12,794,192 SH   SOLE   10,943,792 1,850,400 0
SABRE CORP COM 78573M104 8,331 969,895 SH   SOLE   969,895 0 0
SCHLUMBERGER LTD COM 806857108 121,355 4,051,932 SH   SOLE   2,887,932 1,164,000 0
TAL EDUCATION GROUP SPONSORED ADS 874080104 17,855 4,543,192 SH   SOLE   3,875,692 667,500 0
TELECOM ARGENTINA S A SPON ADR REP B 879273209 3,406 667,890 SH   SOLE   667,890 0 0
TURKCELL ILETISIM HIZMETLERI SPON ADR NEW 900111204 2,309 643,069 SH   SOLE   643,069 0 0
UBER TECHNOLOGIES INC COM 90353T100 22,117 527,480 SH   SOLE   2,680 524,800 0
VISTRA CORP *W EXP 02/02/202 92840M128 11 62,325 SH   SOLE   62,325 0 0
WESTERN UN CO COM 959802109 101,355 5,681,336 SH   SOLE   4,604,236 1,077,100 0