Instuitional Investor - Consilium Investment Management, Llc

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Irsa Propiedades Comerciales S.a.	IRCP	11,489,330.19	$8,042,000	38.33%
2.	Cresud S A C I F Y A	CRESY	1,024,120.7,502,766	$5,769,000	27.5%
3.	Pampa Energia S A	PAM	140,180	$2,434,000	11.6%
4.	Arcos Dorados Holdings Inc.	ARCO	344,882.51,352,381	$2,255,000	10.74%
5.	Cementos Pacasmayo Saa	CPAC	169,576	$1,501,000	7.15%