Instuitional Investor - Vinland Capital Management Gestora De Recursos Ltda.

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Itau Unibanco Hldng-Pref AdrPUT	ITUB	4,231,673.6	$775,600	22.01%
2.	Itau Unibanco Hldng-Pref Adr	ITUB	3,942,118.4	$722,529	20.51%
3.	Ishares IncPUT	EWA	15,867,299	$704,900	20%
4.	Dbx Etf TrCALLCALL		8,046,880	$304,000	8.62%
5.	Ishares IncCALL	EWA	4,745,108	$210,800	5.98%