Itaú Unibanco Holding (ITUB) 13F-HR Quarterly holdings report by institutional manager

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
Expires:	Oct 31, 2018
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
AAON INC	COM PAR $0.004	000360206	7,657	71	SH		DFND		0	0	71
ABBVIE INC	COM	00287Y109	2,269,440	11,492	SH		DFND		11,123	0	369
ACUITY BRANDS INC	COM	00508Y102	5,783	21	SH		DFND		0	0	21
ADVANCED DRAIN SYS INC DEL	COM	00790R104	5,501	35	SH		DFND		0	0	35
AGILENT TECHNOLOGIES INC	COM	00846U101	62,213	419	SH		DFND		0	0	419
AIR PRODS & CHEMS INC	COM	009158106	119,691	402	SH		DFND		0	0	402
AIRBNB INC	COM	009066101	1,551,901	12,238	SH		DFND		0	0	12,238
AKAMAI TECHNOLOGIES INC	COM	00971T101	23,723	235	SH		DFND		0	0	235
ALIBABA GROUP HLDG LTD	SPONSORED ADS	01609W102	4,457,040	42,000	SH		DFND		0	0	42,000
ALNYLAM PHARMACEUTICALS INC	COM	02043Q107	84,709	308	SH		DFND		0	0	308
ALPHABET INC	CAP STK CL A	02079K305	16,858,984	101,652	SH		DFND		3,186	0	98,466
ALTRIA GROUP INC	COM	02209S103	21,182	415	SH		DFND		0	0	415
AMAZON COM INC	COM	023135106	54,135,573	290,536	SH		DFND		21,820	0	268,716
AMBEV SA	SPONSORED ADR	02319V103	3,258,593	1,335,489	SH		DFND		0	0	1,335,489
AMERICA MOVIL SAB DE CV	SPONSORED ADR	02390A101	66,032,882	4,203,170	SH		DFND		452,310	0	3,750,860
AMERICA MOVIL SAB DE CV	SPON ADR L SHS	02364W105	1,822,504	111,400	SH		DFND		0	0	111,400
AMERICAN EXPRESS CO	COM	025816109	37,968	140	SH		DFND		0	0	140
AMERICAN WTR WKS CO INC NEW	COM	030420103	26,031	178	SH		DFND		0	0	178
AMERIPRISE FINL INC	COM	03076C106	11,745	25	SH		DFND		0	0	25
AMERISOURCEBERGEN CORP	COM	03073E105	10,129	45	SH		DFND		0	0	45
AMETEK INC NEW	COM	031100100	64,442	200	SH		DFND		0	0	200
APOLLO GLOBAL MGMT LLC	CL A SHS	037612306	836,397	6,696	SH		DFND		0	0	6,696
APPLE INC	COM	037833100	901,011	3,867	SH		DFND		983	0	2,884
APPLOVIN CORP	COM CL A	03831W108	5,483	42	SH		DFND		0	0	42
ARCOS DORADOS HOLDINGS INC	SHS CLASS -A -	G0457F107	187,445	21,496	SH		DFND		0	0	21,496
ARES MANAGEMENT CORPORATION	COM	03990B101	2,714,889	17,421	SH		DFND		0	0	17,421
ARMSTRONG WORLD INDS INC NEW	COM	04247X102	6,046	46	SH		DFND		0	0	46
ASML HOLDING N V	N Y REGISTRY SHS	N07059210	43,329	52	SH		DFND		0	0	52
ASTRAZENECA PLC	SPONSORED ADR	046353108	1,269,466	16,294	SH		DFND		0	0	16,294
AUTODESK INC	COM	052769106	11,846	43	SH		DFND		0	0	43
AUTOMATIC DATA PROCESSING IN	COM	053015103	26,013	94	SH		DFND		0	0	94
AUTOZONE INC	COM	053332102	6,300	2	SH		DFND		0	0	2
AVIS BUDGET GROUP	COM	053774105	5,956	68	SH		DFND		0	0	68
BAIDU INC	SPON ADR REP A	056752108	4,422,180	42,000	SH		DFND		0	0	42,000
BALL CORP	COM	058498106	11,613	171	SH		DFND		0	0	171
BALLARD PWR SYS INC NEW	COM	058586108	61,832	34,351	SH		DFND		0	0	34,351
BANCO BRADESCO S A	SP ADR PFD NEW	059460303	33,558,206	12,615,867	SH		DFND		0	0	12,615,867
BANCO BRADESCO S A	SP ADR PFD NEW	059460303	66,502,796	25,001,051	SH		DFND		2,378,513	0	22,622,538
BANCO DE CHILE	SPONSORED ADS	059520106	2,411,469	104,073	SH		DFND		0	0	104,073
BANCO SANTANDER CHILE NEW	SP ADR REP COM	05965X109	205,171	9,883	SH		DFND		0	0	9,883
BANCO SANTANDER CHILE NEW	SP ADR REP COM	05965X109	5,958,930	287,039	SH		DFND		64,854	0	222,185
BEST BUY INC	CALL	086516901	407,775	350	SH	Call	DFND		0	0	350
BEST BUY INC	COM	086516101	17,151,106	166,032	SH		DFND		166,032	0	0
BIOGEN INC	COM	09062X103	44,777	231	SH		DFND		0	0	231
BIOMARIN PHARMACEUTICAL INC	COM	09061G101	40,276	573	SH		DFND		0	0	573
BLACKSTONE GROUP L P	COM UNIT LTD	09253U108	1,816,887	11,865	SH		DFND		0	0	11,865
BLOCK H & R INC	COM	093671105	7,250	108	SH		DFND		0	0	108
BLOOM ENERGY CORP	COM CL A	093712107	88,546	8,385	SH		DFND		0	0	8,385
BOOKING HOLDINGS INC	COM	09857L108	5,357,817	1,272	SH		DFND		0	0	1,272
BOSTON PROPERTIES INC	COM	101121101	13,115	163	SH		DFND		0	0	163
BOX INC	CL A	10316T104	35,578	1,087	SH		DFND		0	0	1,087
BRISTOL MYERS SQUIBB CO	COM	110122108	55,983	1,082	SH		DFND		0	0	1,082
BROADCOM INC	COM	11135F101	17,411,460	100,936	SH		DFND		0	0	100,936
BROOKFIELD RENEWABLE PARTNER	PARTNERSHIP UNIT	G16258108	5,520	169	SH		DFND		0	0	169
BURLINGTON STORES INC	COM	122017106	3,127,508	11,870	SH		DFND		0	0	11,870
CAMECO CORP	COM	13321L108	309,819	6,487	SH		DFND		0	0	6,487
CAPITAL ONE FINL CORP	COM	14040H105	11,379	76	SH		DFND		0	0	76
CAPRI HOLDINGS LIMITED	SHS	G1890L107	297,080	7,000	SH		DFND		0	0	7,000
CARLISLE COS INC	COM	142339100	7,196	16	SH		DFND		0	0	16
CATERPILLAR INC DEL	COM	149123101	36,374	93	SH		DFND		0	0	93
CEMEX SAB DE CV	SPON ADR NEW	151290889	19,492,367	3,195,470	SH		DFND		399,109	0	2,796,361
CENTRAIS ELETRICAS BRASILEIR	SPONSORED ADR	15234Q207	1,446	200	SH		DFND		0	0	200
CHART INDS INC	COM PAR $0.01	16115Q308	78,332	631	SH		DFND		0	0	631
CHEMOURS CO	COM	163851108	51,836	2,551	SH		DFND		0	0	2,551
CINTAS CORP	COM	172908105	14,823	72	SH		DFND		0	0	72
CLEAN HARBORS INC	COM	184496107	11,119	46	SH		DFND		0	0	46
CLEARWAY ENERGY INC	CL A	18539C105	11,782	399	SH		DFND		0	0	399
COCA COLA CO	COM	191216100	2,716,164	37,798	SH		DFND		27,108	0	10,690
COCA COLA FEMSA S A B DE C V	SPON ADR REP L	191241108	68,297,397	813,164	SH		DFND		69,477	0	743,687
COGENT COMMUNICATIONS HLDGS	COM NEW	19239V302	29,533	389	SH		DFND		0	0	389
COHERENT INC	COM	192479103	801,168	9,011	SH		DFND		0	0	9,011
COINBASE GLOBAL INC	COM CL A	19260Q107	345,828	1,941	SH		DFND		1,680	0	261
COMPANHIA DE SANEAMENTO BASI	SPONSORED ADR	20441A102	343,172	20,748	SH		DFND		0	0	20,748
COMPANHIA DE SANEAMENTO BASI	SPONSORED ADR	20441A102	4,078,086	246,559	SH		DFND		23,534	0	223,025
COMPANHIA ENERGETICA DE MINA	SP ADR N-V PFD	204409601	3,063,867	1,487,314	SH		DFND		1,487,314	0	0
CONSTELLATION ENERGY CORP	COM	21037T109	4,694,921	18,056	SH		DFND		0	0	18,056
COPA HOLDINGS SA	CL A	P31076105	3,002,223	31,993	SH		DFND		0	0	31,993
COPART INC	COM	217204106	10,899	208	SH		DFND		0	0	208
COSAN LTD	SHS A	22113B103	10,828,220	1,132,659	SH		DFND		1,132,659	0	0
COSTAR GROUP INC	COM	22160N109	3,621	48	SH		DFND		0	0	48
COSTCO WHSL CORP NEW	COM	22160K105	2,723,389	3,072	SH		DFND		0	0	3,072
COUPANG INC	CL A	22266T109	7,733	315	SH		DFND		0	0	315
CREDICORP LTD	COM	G2519Y108	1,849,694	10,221	SH		DFND		0	0	10,221
CREDICORP LTD	COM	G2519Y108	88,528,352	489,188	SH		DFND		46,219	0	442,969
CRISPR THERAPEUTICS AG	NAMEN AKT	H17182108	35,658	759	SH		DFND		0	0	759
CROWDSTRIKE HLDGS INC	CL A	22788C105	15,768,865	56,223	SH		DFND		0	0	56,223
CSX CORP	COM	126408103	26,657	772	SH		DFND		0	0	772
CUMMINS INC	COM	231021106	78,681	243	SH		DFND		0	0	243
DANAHER CORP DEL	COM	235851102	67,837	244	SH		DFND		0	0	244
DARLING INGREDIENTS INC	COM	237266101	8,510	229	SH		DFND		0	0	229
DATADOG INC	CL A COM	23804L103	7,134	62	SH		DFND		0	0	62
DECKERS OUTDOOR CORP	COM	243537107	7,654	48	SH		DFND		0	0	48
DELL TECHNOLOGIES INC	COM CL V	24703L103	4,973,227	41,954	SH		DFND		0	0	41,954
DESPEGAR COM CORP	ORD SHS	G27358103	1,391,156	112,190	SH		DFND		0	0	112,190
DESPEGAR COM CORP	ORD SHS	G27358103	24,638,378	1,986,966	SH		DFND		187,569	0	1,799,397
DEVON ENERGY CORP NEW	COM	25179M103	3,090	79	SH		DFND		0	0	79
DISCOVER FINL SVCS	COM	254709108	7,435	53	SH		DFND		0	0	53
DISNEY WALT CO	COM DISNEY	254687106	323,679	3,365	SH		DFND		2,027	0	1,338
DOCUSIGN INC	COM	256163106	27,506	443	SH		DFND		0	0	443
DOORDASH INC	CL A	25809K105	1,260,591	8,832	SH		DFND		0	0	8,832
DROPBOX INC	CL A	26210C104	23,980	943	SH		DFND		0	0	943
E L F BEAUTY INC	COM	26856L103	687,325	6,304	SH		DFND		0	0	6,304
EATON CORP PLC	SHS	G29183103	3,927,233	11,849	SH		DFND		0	0	11,849
EDWARDS LIFESCIENCES CORP	COM	28176E108	51,274	777	SH		DFND		0	0	777
ELECTRONIC ARTS INC	COM	285512109	1,081,107	7,537	SH		DFND		0	0	7,537
EMBRAER S A	SP ADR REP 4 COM	29082A107	2,916,469	82,456	SH		DFND		2,124	0	80,332
EMBRAER S A	SP ADR REP 4 COM	29082A107	36,426,077	1,029,858	SH		DFND		79,350	0	950,508
ENERGY VAULT HOLDINGS INC	COM	29280W109	12,411	12,928	SH		DFND		0	0	12,928
ENPHASE ENERGY INC	COM	29355A107	75,045	664	SH		DFND		250	0	414
EQUINIX INC	COM PAR $0.001	29444U700	78,999	89	SH		DFND		0	0	89
ERO COPPER CORP	COM	296006109	610,866	27,430	SH		DFND		0	0	27,430
ESSENTIAL UTILS INC	COM	29670G102	5,477	142	SH		DFND		0	0	142
EURONAV NV ANTWERPEN	SHS	B38564108	62,691	3,772	SH		DFND		0	0	3,772
EXACT SCIENCES CORP	COM	30063P105	56,403	828	SH		DFND		0	0	828
FACEBOOK INC	CL A	30303M102	67,650,959	118,180	SH		DFND		449	0	117,731
FAIR ISAAC CORP	COM	303250104	7,774	4	SH		DFND		0	0	4
FASTENAL CO	COM	311900104	7,499	105	SH		DFND		0	0	105
FERRARI N V	COM	N3167Y103	4,042,946	8,600	SH		DFND		0	0	8,600
FIRST SOLAR INC	COM	336433107	4,781,016	19,167	SH		DFND		0	0	19,167
FOMENTO ECONOMICO MEXICANO S	SPON ADR UNITS	344419106	968,246	9,809	SH		DFND		0	0	9,809
FOMENTO ECONOMICO MEXICANO S	SPON ADR UNITS	344419106	78,180,294	792,020	SH		DFND		86,108	0	705,912
FORTINET INC	COM	34959E109	11,012	142	SH		DFND		0	0	142
FORTUNE BRANDS HOME & SEC IN	COM	34964C106	13,609	152	SH		DFND		0	0	152
FREEPORT-MCMORAN INC	CL B	35671D857	2,795,520	56,000	SH		DFND		0	0	56,000
GARMIN LTD	SHS	H2906T109	39,079	222	SH		DFND		0	0	222
GARTNER INC	COM	366651107	7,601	15	SH		DFND		0	0	15
GENERAL DYNAMICS CORP	COM	369550108	7,252,800	24,000	SH		DFND		0	0	24,000
GERDAU SA	SPON ADR REP PFD	373737105	1,781,500	509,000	SH		DFND		0	0	509,000
GERDAU SA	SPON ADR REP PFD	373737105	8,323,700	2,378,200	SH		DFND		235,400	0	2,142,800
GILEAD SCIENCES INC	COM	375558103	151,499	1,807	SH		DFND		1,127	0	680
GLOBAL PMTS INC	COM	37940X102	533,403	5,208	SH		DFND		0	0	5,208
GLOBAL X FDS	GLOBAL X URANIUM	37954Y871	1,144,228	39,994	SH		DFND		0	0	39,994
GLOBAL X FDS	LITHIUM BTRY ETF	37954Y855	39,754	912	SH		DFND		0	0	912
GOLDMAN SACHS GROUP INC	COM	38141G104	1,333,826	2,694	SH		DFND		0	0	2,694
GRAHAM CORP	COM	384556106	32,579	1,101	SH		DFND		0	0	1,101
GRUPO AEROPORTUARIO DEL SURE	SPON ADR SER B	40051E202	288,981	1,022	SH		DFND		0	0	1,022
GRUPO AEROPORTUARIO DEL SURE	SPON ADR SER B	40051E202	23,835,820	84,297	SH		DFND		6,616	0	77,681
GRUPO AEROPUERTO DEL PACIFIC	SPON ADR B	400506101	1,122,429	6,450	SH		DFND		0	0	6,450
GRUPO AEROPUERTO DEL PACIFIC	SPON ADR B	400506101	22,022,231	126,550	SH		DFND		13,780	0	112,770
GRUPO FINANCIERO GALICIA S A	SP ADR 10 SH B	399909100	1,851,960	44,000	SH		DFND		0	0	44,000
GRUPO TELEVISA SA	SPON ADR REP ORD	40049J206	29,356	12,882	SH		DFND		0	0	12,882
HASBRO INC	COM	418056107	40,138	555	SH		DFND		0	0	555
HESS MIDSTREAM PARTNERS LP	UNIT LTD PR INT	428104103	464,436	3,420	SH		DFND		0	0	3,420
HEWLETT PACKARD ENTERPRISE C	COM	42824C109	64,019	3,129	SH		DFND		0	0	3,129
HEXCEL CORP NEW	COM	428291108	6,925	112	SH		DFND		0	0	112
HOME DEPOT INC	COM	437076102	75,772	187	SH		DFND		0	0	187
HONEYWELL INTL INC	COM	438516106	4,547,620	22,000	SH		DFND		0	0	22,000
HOWMET AEROSPACE INC	COM	443201108	288,720	2,880	SH		DFND		0	0	2,880
HP INC	COM	40434L105	39,672	1,106	SH		DFND		0	0	1,106
HYSTER YALE MATLS HANDLING I	CL A	449172105	61,347	962	SH		DFND		0	0	962
IDEXX LABS INC	COM	45168D104	7,578	15	SH		DFND		0	0	15
ILLINOIS TOOL WKS INC	COM	452308109	15,462	59	SH		DFND		0	0	59
ILLUMINA INC	COM	452327109	61,684	473	SH		DFND		0	0	473
INCYTE CORP	COM	45337C102	64,381	974	SH		DFND		0	0	974
INFOSYS LTD	SPONSORED ADR	456788108	672,376	30,192	SH		DFND		0	0	30,192
INGERSOLL-RAND PLC	SHS	G47791101	75,878	773	SH		DFND		0	0	773
INTEL CORP	COM	458140100	6,478,080	276,133	SH		DFND		131,128	0	145,005
INTERACTIVE BROKERS GROUP IN	COM	45841N107	1,669,672	11,981	SH		DFND		0	0	11,981
INTERCONTINENTAL EXCHANGE IN	COM	45866F104	1,137,974	7,084	SH		DFND		0	0	7,084
INTUITIVE SURGICAL INC	COM NEW	46120E602	85,481	174	SH		DFND		0	0	174
INVESCO DB MLTI SECTR CMMTY	AGRICULTURE FD	46140H106	4,302,241	164,900	SH		DFND		164,900	0	0
IONIS PHARMACEUTICALS INC	COM	462222100	43,305	1,081	SH		DFND		0	0	1,081
ISHARES INC	MSCI BRAZIL ETF	464286400	35,075,760	1,189,412	SH		DFND		0	0	1,189,412
ISHARES INC	MSCI JPN ETF NEW	46434G822	55,608,614	777,308	SH		DFND		777,308	0	0
ISHARES INC	MSCI TAIWAN ETF	46434G772	404,025	7,500	SH		DFND		0	0	7,500
ISHARES INC	MSCI CHILE ETF	464286640	947,680	34,739	SH		DFND		0	0	34,739
ISHARES INC	MSCI CHILE ETF	464286640	1,132,120	41,500	SH		DFND		0	0	41,500
ISHARES SILVER TRUST	PUT	46428Q959	45,017	1,000	SH	Put	DFND		0	0	1,000
ISHARES SILVER TRUST	ISHARES	46428Q109	8,722,609	307,026	SH		DFND		0	0	307,026
ISHARES TR	CHINA LG-CAP ETF	464287184	19,729,691	620,821	SH		DFND		0	0	620,821
ISHARES TR	MSCI EMG MKT ETF	464287234	12,080,074	263,412	SH		DFND		263,412	0	0
ISHARES TR	IBOXX INV CP ETF	464287242	8,473	75	SH		DFND		75	0	0
ISHARES TR	10-20 YR TRS ETF	464288653	118,780,157	1,086,437	SH		DFND		1,086,437	0	0
ISHARES TR	US TREAS BD ETF	46429B267	105,869,973	4,514,711	SH		DFND		4,514,711	0	0
ISHARES TR	MSCI INDIA ETF	46429B598	17,559	300	SH		DFND		0	0	300
ISHARES TR	U.S. REAL ES ETF	464287739	1,361,493	13,365	SH		DFND		0	0	13,365
ISHARES TR	MSCI ACWI EX US	464288240	22,619,810	395,313	SH		DFND		0	0	395,313
ISHARES TR	MSCI SO KOREA	46435G888	265,370	4,149	SH		DFND		0	0	4,149
ITAU UNIBANCO HLDG S A	SPON ADR REP PFD	465562106	4,257,330	640,200	SH		DFND		0	0	640,200
ITAU UNIBANCO HLDG S A	SPON ADR REP PFD	465562106	139,513,190	20,979,427	SH		DFND		2,146,295	0	18,833,132
JAZZ PHARMACEUTICALS PLC	SHS USD	G50871105	49,466	444	SH		DFND		0	0	444
JD.COM INC	SPON ADR CL A	47215P106	4,800,000	120,000	SH		DFND		0	0	120,000
JOHNSON & JOHNSON	COM	478160104	579,851	3,578	SH		DFND		2,807	0	771
JOHNSON CTLS INTL PLC	SHS	G51502105	17,928	231	SH		DFND		0	0	231
JUNIPER NETWORKS INC	COM	48203R104	267,052	6,851	SH		DFND		0	0	6,851
KIMBERLY CLARK CORP	COM	494368103	7,114	50	SH		DFND		0	0	50
KLA-TENCOR CORP	COM	482480100	23,232	30	SH		DFND		0	0	30
KRANESHARES TR	CSI CHI INTERNET	500767306	13,642,020	401,000	SH		DFND		0	0	401,000
LAM RESEARCH CORP	COM	512807108	23,666	29	SH		DFND		0	0	29
LENNAR CORP	CL A	526057104	7,874	42	SH		DFND		0	0	42
LILLY ELI & CO	COM	532457108	81,506	92	SH		DFND		0	0	92
LINDE PLC	COM	G5494J103	220,309	462	SH		DFND		0	0	462
LISTED FD TR	ROUNDHILL BALL	53656F417	326,458	24,200	SH		DFND		0	0	24,200
LOCKHEED MARTIN CORP	COM	539830109	25,721	44	SH		DFND		0	0	44
LOEWS CORP	COM	540424108	24,106	89	SH		DFND		0	0	89
LOUISIANA PAC CORP	COM	546347105	6,233	58	SH		DFND		0	0	58
LUCID GROUP INC	COM	549498103	9,552	2,706	SH		DFND		0	0	2,706
LUXFER HOLDINGS PLC	SHS	G5698W116	28,257	2,182	SH		DFND		0	0	2,182
MARATHON OIL CORP	COM	565849106	9,775	60	SH		DFND		0	0	60
MARRIOTT INTL INC NEW	CL A	571903202	11,933	48	SH		DFND		0	0	48
MARTIN MARIETTA MATLS INC	COM	573284106	7,536	14	SH		DFND		0	0	14
MASCO CORP	COM	574599106	6,547	78	SH		DFND		0	0	78
MASTERCARD INCORPORATED	CL A	57636Q104	96,785	196	SH		DFND		0	0	196
MATCH GROUP INC	COM	57665R106	30,840	815	SH		DFND		0	0	815
MATTERPORT INC	COM CL A	577096100	1,513,823	336,405	SH		DFND		336,405	0	0
MATTERPORT INC	COM CL A	577096900	49,438	6,000	SH	Call	DFND		0	0	6,000
MCKESSON CORP	COM	58155Q103	15,821	32	SH		DFND		0	0	32
MERCADOLIBRE INC	COM	58733R102	8,328,906	4,059	SH		DFND		0	0	4,059
MERCADOLIBRE INC	COM	58733R102	53,423,759	26,035	SH		DFND		2,790	0	23,245
MERCK & CO INC	COM	58933Y105	58,029	511	SH		DFND		0	0	511
METTLER TOLEDO INTERNATIONAL	COM	592688105	80,984	54	SH		DFND		0	0	54
MICRON TECHNOLOGY INC	COM	595112103	35,573	343	SH		DFND		0	0	343
MICROSOFT CORP	COM	594918104	72,908,311	169,436	SH		DFND		8,923	0	160,513
MICROSTRATEGY INC	CL A NEW	594972408	3,709,200	22,000	SH		DFND		0	0	22,000
MODERNA INC	COM	60770K107	44,776	670	SH		DFND		0	0	670
MONOLITHIC PWR SYS INC	COM	609839105	7,396	8	SH		DFND		0	0	8
MOODYS CORP	COM	615369105	14,238	30	SH		DFND		0	0	30
MOTOROLA SOLUTIONS INC	COM NEW	620076307	15,287	34	SH		DFND		0	0	34
NETAPP INC	COM	64110D104	3,335	27	SH		DFND		0	0	27
NETFLIX INC	COM	64110L106	18,187,811	25,643	SH		DFND		3,256	0	22,387
NEWMONT MINING CORP	COM	651639106	1,308,777	24,486	SH		DFND		24,486	0	0
NEXTERA ENERGY INC	CALL	65339F901	757,006	1,050	SH	Call	DFND		0	0	1,050
NEXTERA ENERGY INC	COM	65339F101	8,296,112	98,144	SH		DFND		98,144	0	0
NIKE INC	CL B	654106103	42,874	485	SH		DFND		228	0	257
NORFOLK SOUTHERN CORP	COM	655844108	20,626	83	SH		DFND		0	0	83
NU HLDGS LTD	ORD SHS CL A	G6683N103	32,974,305	2,415,700	SH		DFND		241,000	0	2,174,700
NUTANIX INC	CL A	67059N108	32,943	556	SH		DFND		0	0	556
NVIDIA CORP	COM	67066G104	44,613,170	367,368	SH		DFND		700	0	366,668
O REILLY AUTOMOTIVE INC NEW	COM	67103H107	11,516	10	SH		DFND		0	0	10
OKTA INC	CL A	679295105	24,978	336	SH		DFND		0	0	336
OLD DOMINION FGHT LINES INC	COM	679580100	7,350	37	SH		DFND		0	0	37
OLIN CORP	COM PAR $1	680665205	85,692	1,786	SH		DFND		0	0	1,786
OMEGA HEALTHCARE INVS INC	COM	681936100	12,943	318	SH		DFND		0	0	318
ORACLE CORP	COM	68389X105	2,269,046	13,316	SH		DFND		0	0	13,316
OTIS WORLDWIDE CORP	COM	68902V107	8,003	77	SH		DFND		0	0	77
PALANTIR TECHNOLOGIES INC	CL A	69608A108	12,350	332	SH		DFND		0	0	332
PALO ALTO NETWORKS INC	COM	697435105	29,053	85	SH		DFND		0	0	85
PARAMOUNT GROUP INC	COM	69924R108	18,235	1,717	SH		DFND		0	0	1,717
PAYCHEX INC	COM	704326107	11,406	85	SH		DFND		0	0	85
PAYPAL HLDGS INC	COM	70450Y103	93,090	1,193	SH		DFND		1,036	0	157
PENTAIR PLC	SHS	G7S00T104	6,454	66	SH		DFND		0	0	66
PERKINELMER INC	COM	714046109	76,011	595	SH		DFND		0	0	595
PERRIGO CO PLC	SHS	G97822103	558,883	21,307	SH		DFND		0	0	21,307
PETROLEO BRASILEIRO SA PETRO	SP ADR NON VTG	71654V101	90,882,411	6,890,251	SH		DFND		6,890,251	0	0
PETROLEO BRASILEIRO SA PETRO	SP ADR NON VTG	71654V101	64,463,870	4,887,329	SH		DFND		747,398	0	4,139,931
PETROLEO BRASILEIRO SA PETRO	SPONSORED ADR	71654V408	9,971,028	691,952	SH		DFND		451,012	0	240,940
PETROLEO BRASILEIRO SA PETRO	SPONSORED ADR	71654V408	41,763,004	2,898,196	SH		DFND		490,465	0	2,407,731
PHILIP MORRIS INTL INC	COM	718172109	247,535	2,039	SH		DFND		0	0	2,039
PINDUODUO INC	SPONSORED ADS	722304102	1,954,745	14,500	SH		DFND		0	0	14,500
PINTEREST INC	CL A	72352L106	3,755	116	SH		DFND		0	0	116
PLUG POWER INC	COM NEW	72919P202	88,734	39,263	SH		DFND		0	0	39,263
PROCTER AND GAMBLE CO	COM	742718109	69,453	401	SH		DFND		0	0	401
PUBLIC SVC ENTERPRISE GROUP	COM	744573106	2,266,469	25,406	SH		DFND		25,406	0	0
PULTE GROUP INC	COM	745867101	4,162	29	SH		DFND		0	0	29
PURE STORAGE INC	CL A	74624M102	2,864	57	SH		DFND		0	0	57
QUALCOMM INC	COM	747525103	75,162	442	SH		DFND		0	0	442
RAYONIER ADVANCED MATLS INC	COM	75508B104	8,238	256	SH		DFND		0	0	256
REGENERON PHARMACEUTICALS	COM	75886F107	90,407	86	SH		DFND		0	0	86
REPUBLIC SVCS INC	COM	760759100	37,356	186	SH		DFND		0	0	186
RESMED INC	COM	761152107	3,662	15	SH		DFND		0	0	15
RIOT BLOCKCHAIN INC	COM	767292105	175,683	23,677	SH		DFND		0	0	23,677
RIVIAN AUTOMOTIVE INC	COM CL A	76954A103	12,409	1,106	SH		DFND		0	0	1,106
ROBINHOOD MKTS INC	COM CL A	770700102	55,974	2,390	SH		DFND		0	0	2,390
ROBLOX CORP	CL A	771049103	471,369	10,650	SH		DFND		10,014	0	636
ROKU INC	COM CL A	77543R102	21,726	291	SH		DFND		0	0	291
ROSS STORES INC	COM	778296103	7,224	48	SH		DFND		0	0	48
SEA LTD	ADR	81141R100	203,645	2,160	SH		DFND		0	0	2,160
SEAGATE TECHNOLOGY PLC	SHS	G7945M107	455,097	4,155	SH		DFND		0	0	4,155
SELECT SECTOR SPDR TR	SBI INT-FINL	81369Y605	80,003,351	1,765,299	SH		DFND		0	0	1,765,299
SELECT SECTOR SPDR TR	TECHNOLOGY	81369Y803	10,836,480	48,000	SH		DFND		0	0	48,000
SELECT SECTOR SPDR TR	SBI INT-UTILS	81369Y886	469,655	5,814	SH		DFND		0	0	5,814
SELECT SECTOR SPDR TR	SBI INT-INDS	81369Y704	33,185,238	245,018	SH		DFND		0	0	245,018
SELECT SECTOR SPDR TR	SBI CONS DISCR	81369Y407	13,663,030	68,189	SH		DFND		0	0	68,189
SELECT SECTOR SPDR TR	SBI MATERIALS	81369Y100	666,179	6,912	SH		DFND		0	0	6,912
SELECT SECTOR SPDR TR	COMMUNICATION	81369Y852	12,538,480	138,700	SH		DFND		0	0	138,700
SERVICENOW INC	COM	81762P102	15,021,280	16,795	SH		DFND		0	0	16,795
SHELL PLC	SPON ADS	780259305	63,708	966	SH		DFND		0	0	966
SIRIUS XM HLDGS INC	COM	82968B103	12,227	517	SH		DFND		0	0	517
SNAP ON INC	COM	833034101	17,666	1,651	SH		DFND		0	0	1,651
SNOWFLAKE INC	CL A	833445109	29,864	260	SH		DFND		260	0	0
SONY CORP	SPONSORED ADR	835699307	523,023	5,416	SH		DFND		0	0	5,416
SOUTHERN COPPER CORP	COM	84265V105	38,914,974	336,431	SH		DFND		34,249	0	302,182
SPDR GOLD TR	GOLD SHS	78463V107	27,295,638	112,300	SH		DFND		0	0	112,300
SPDR S&P 500 ETF TR	TR UNIT	78462F103	253,216,927	441,329	SH		DFND		441,329	0	0
SPDR SER TR	S&P OILGAS EXP	78468R556	19,793,760	150,500	SH		DFND		0	0	150,500
SPDR SER TR	S&P REGL BKG	78464A698	3,752,693	66,302	SH		DFND		0	0	66,302
SPDR SERIES TRUST	PUT	78464A958	184,911	1,000	SH	Put	DFND		0	0	1,000
SPOTIFY TECHNOLOGY S A	SHS	L8681T102	1,538,244	4,174	SH		DFND		0	0	4,174
STEEL DYNAMICS INC	COM	858119100	23,577	187	SH		DFND		0	0	187
STERICYCLE INC	COM	858912108	6,344	104	SH		DFND		0	0	104
STONECO LTD	COM CL A	G85158106	4,642,971	412,342	SH		DFND		0	0	412,342
SUPER MICRO COMPUTER INC	COM	86800U104	4,997	12	SH		DFND		0	0	12
SUZANO S A SPON	COM	86959K105	223,290	22,329	SH		DFND		0	0	22,329
SUZANO S A SPON	COM	86959K105	6,287,120	628,712	SH		DFND		136,206	0	492,506
TAIWAN SEMICONDUCTOR MFG LTD	SPONSORED ADR	874039100	141,098,864	812,454	SH		DFND		0	0	812,454
TAKE-TWO INTERACTIVE SOFTWAR	COM	874054109	26,746	174	SH		DFND		0	0	174
TE CONNECTIVITY LTD	REG SHS	H84989104	7,248	48	SH		DFND		0	0	48
TECHNIPFMC PLC	COM	G87110105	69,195	2,638	SH		DFND		0	0	2,638
TECK RESOURCES LTD	CL B	878742204	758,577	14,521	SH		DFND		0	0	14,521
TELEFONICA BRASIL SA	SPONSORED ADR	87936R205	196,157	19,100	SH		DFND		0	0	19,100
TELEFONICA BRASIL SA	SPONSORED ADR	87936R205	5,770,713	561,900	SH		DFND		126,200	0	435,700
TEMPUS AI INC	CL A	88023B103	18,848	333	SH		DFND		0	0	333
TESLA INC	COM	88160R101	8,410,358	32,146	SH		DFND		0	0	32,146
TETRA TECH INC NEW	COM	88162G103	6,602	140	SH		DFND		0	0	140
THE TRADE DESK INC	COM CL A	88339J105	7,785	71	SH		DFND		0	0	71
THERMO FISHER SCIENTIFIC INC	COM	883556102	67,424	109	SH		DFND		0	0	109
TIM S A	COM	88706T108	1,111,275	64,534	SH		DFND		0	0	64,534
TIM S A	COM	88706T108	17,373,534	1,008,916	SH		DFND		168,675	0	840,241
TOPBUILD CORP	COM	89055F103	6,102	15	SH		DFND		0	0	15
TPG SPECIALTY LENDING INC	COM	87265K102	178,494	3,101	SH		DFND		0	0	3,101
TRANSDIGM GROUP INC	COM	893641100	2,470,362	1,731	SH		DFND		0	0	1,731
TREX CO INC	COM	89531P105	4,128	62	SH		DFND		0	0	62
TWILIO INC	CL A	90138F102	24,001	368	SH		DFND		0	0	368
UNION PAC CORP	COM	907818108	57,923	235	SH		DFND		0	0	235
UNITED RENTALS INC	COM	911363109	5,009,800	6,187	SH		DFND		0	0	6,187
UNITED STATES OIL FUND LP	UNITS	91232N108	9,648,960	138,000	SH		DFND		0	0	138,000
UNITY SOFTWARE INC	COM	91332U101	16,060	710	SH		DFND		0	0	710
UNIVERSAL DISPLAY CORP	COM	91347P105	43,449	207	SH		DFND		0	0	207
VALE S A	SPONSORED ADS	91912E105	92,658,993	7,933,133	SH		DFND		0	0	7,933,133
VALE S A	SPONSORED ADS	91912E105	48,199,634	4,126,681	SH		DFND		799,605	0	3,327,076
VALERO ENERGY CORP NEW	COM	91913Y100	9,722	72	SH		DFND		0	0	72
VANECK VECTORS ETF TR	OIL SVCS ETF	92189F718	3,744,972	13,200	SH		DFND		0	0	13,200
VANGUARD INDEX FDS	S&P 500 ETF SHS	922908363	202,812,603	384,355	SH		DFND		0	0	384,355
VANGUARD INTL EQUITY INDEX F	FTSE EUROPE ETF	922042874	7,275,876	102,333	SH		DFND		0	0	102,333
VANGUARD INTL EQUITY INDEX F	FTSE EUROPE ETF	922042874	60,030,796	844,315	SH		DFND		844,315	0	0
VEEVA SYS INC	CL A COM	922475108	7,765	37	SH		DFND		0	0	37
VERISK ANALYTICS INC	COM	92345Y106	7,235	27	SH		DFND		0	0	27
VERTEX PHARMACEUTICALS INC	COM	92532F100	71,157	153	SH		DFND		0	0	153
VERTIV HOLDINGS CO	COM CL A	92537N108	2,412,036	24,244	SH		DFND		0	0	24,244
VISA INC	COM CL A	92826C839	2,048,378	7,450	SH		DFND		0	0	7,450
VISTA ENERGY S.A.B. DE C.V.	SPONSORED ADS	92837L109	2,915,880	66,000	SH		DFND		0	0	66,000
VORNADO RLTY TR	SH BEN INT	929042109	12,372	314	SH		DFND		0	0	314
VTEX	SHS CL A	G9470A102	2,517,770	338,410	SH		DFND		0	0	338,410
WARNER MUSIC GROUP CORP	COM CL A	934550203	14,961	478	SH		DFND		0	0	478
WASTE MGMT INC DEL	COM	94106L109	76,604	369	SH		DFND		0	0	369
WATERS CORP	COM	941848103	66,940	186	SH		DFND		0	0	186
WESTERN DIGITAL CORP	COM	958102105	1,067,714	15,635	SH		DFND		0	0	15,635
WESTLAKE CHEM CORP	COM	960413102	68,081	453	SH		DFND		0	0	453
WEYERHAEUSER CO	COM	962166104	32,776	968	SH		DFND		0	0	968
WILLIAMS SONOMA INC	COM	969904101	4,028	26	SH		DFND		0	0	26
WOLFSPEED INC	COM	977852102	8,439	870	SH		DFND		0	0	870
WORTHINGTON INDS INC	COM	981811102	49,533	1,195	SH		DFND		0	0	1,195
XP INC	CL A	G98239109	10,471,057	583,671	SH		DFND		263,070	0	320,601
XYLEM INC	COM	98419M100	11,748	87	SH		DFND		0	0	87
YPF SOCIEDAD ANONIMA	SPON ADR CL D	984245100	4,538,940	214,000	SH		DFND		0	0	214,000
YUM BRANDS INC	COM	988498101	7,265	52	SH		DFND		0	0	52
ZOOM VIDEO COMMUNICATIONS IN	CL A	98980L101	496,619	7,121	SH		DFND		5,908	0	1,213
ZSCALER INC	COM	98980G102	21,538	126	SH		DFND		0	0	126