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 215,015 1,891,404 SH   SOLE   1,891,404 0 0
CDK GLOBAL INC COM 12508E101 12,233 223,357 SH   SOLE   223,357 0 0
COCA-COLA FEMSA SAB DE CV SPONSORD ADR REP 191241108 6,023 108,962 SH   SOLE   119 108,843 0
COMPANIA CERVECERIAS UNIDAS SPONSORED ADR 204429104 9,418 745,661 SH   SOLE   745,661 0 0
HALLIBURTON CO COM 406216101 427 13,607 SH   SOLE   13,607 0 0
IAA INC COM 449253103 139,231 4,248,741 SH   SOLE   3,380,726 868,015 0
NEW ORIENTAL ED & TECHNOLOGY SPON ADR 647581206 26,891 1,320,766 SH   SOLE   1,135,726 185,040 0
SABRE CORP COM 78573M104 2,893 496,295 SH   SOLE   496,295 0 0
SCHLUMBERGER LTD COM STK 806857108 144,017 4,027,332 SH   SOLE   2,887,932 1,139,400 0
TAL EDUCATION GROUP SPONSORED ADS 874080104 25,704 5,277,992 SH   SOLE   4,297,892 980,100 0
TELECOM ARGENTINA S A SPON ADR REP B 879273209 3,039 667,890 SH   SOLE   667,890 0 0
TURKCELL ILETISIM HIZMETLERI SPON ADR NEW 900111204 1,608 643,069 SH   SOLE   643,069 0 0
UBER TECHNOLOGIES INC COM 90353T100 56,593 2,766,029 SH   SOLE   2,131,329 634,700 0
VISTRA CORP *W EXP 02/02/202 92840M128 17 62,325 SH   SOLE   62,325 0 0
WESTERN UN CO COM 959802109 93,572 5,681,336 SH   SOLE   4,604,236 1,077,100 0