Instuitional Investor - Compass Rose Asset Management, Lp

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Invesco Exch Traded Fd Tr Ii		2,400,000	$50,568,000	20.23%
2.	Vale S A	VALE	3,000,000	$26,610,000	10.64%
3.	Warner Bros. Discovery Inc.CALL	WBD	2,000,000	$21,140,000	8.46%
4.	Ishares Inc	EWA	900,000	$20,259,000	8.1%
5.	Ishares Inc	EWA	400,000	$18,728,000	7.49%