Instuitional Investor - Banco Btg Pactual S.a.

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Ishares TrustPUT	IEF	500,000	$102,020,000	12.73%
2.	Almacenes Exito S A		10,025,808	$72,486,592	9.04%
3.	Spdr Gold TrustCALL	GLD	280,000	$53,611,600	6.69%
4.	Citigroup IncPUT	C	990,000	$51,004,800	6.36%
5.	Broadcom Inc.PUT	AVGO	404,000	$45,345,364	5.66%