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
AMBEV SA	SPONSORED ADR	02319V103	11,195	1,894,288	SH		DFND	1	1,744,735	0	149,553
AMERICA MOVIL SAB DE CV	SPON ADR L SHS	02364W105	6,027	491,580	SH		DFND	1	367,987	0	123,593
BANCO BRADESCO S A	SP ADR PFD NEW	059460303	27,718	3,549,024	SH		DFND	1	2,260,478	0	1,288,546
BANCO DE CHILE	SPONSORED ADR	059520106	0	0	SH		DFND	1	0	0	0
BANCO MACRO SA	SPON ADR B	05961W105	0	0	SH		DFND	1	0	0	0
BANCOLOMBIA S A	SPON ADR PREF	05968L102	3,924	112,381	SH		DFND	1	76,373	0	36,008
BRF SA	SPONSORED ADR	10552T107	11,118	798,119	SH		DFND	1	550,900	0	247,219
CEMENTOS PACASMAYO S A A	SPON ADR REP 5	15126Q109	48	5,428	SH		DFND	1	5,428	0	0
CEMEX SAB DE CV	SPON ADR NEW	151290889	12,958	2,100,133	SH		DFND	1	1,547,394	0	552,739
CENCOSUD S A	SPONSORED ADS	15132H101	1,140	127,362	SH		DFND	1	92,209	0	35,153
COMPANHIA BRASILEIRA DE DIST	SPN ADR PFD CL A	20440T201	0	0	SH		DFND	1	0	0	0
COMPANHIA ENERGETICA DE MINA	SP ADR N-V PFD	204409601	2,165	979,704	SH		DFND	1	657,200	0	322,504
COMPANHIA PARANAENSE ENERG C	SPON ADR PFD	20441B407	5,382	599,287	SH		DFND	1	393,900	0	205,387
COMPANIA DE MINAS BUENAVENTU	SPONSORED ADR	204448104	39	3,261	SH		DFND	1	3,261	0	0
ECOPETROL S A	SPONSORED ADS	279158109	0	0	SH		DFND	1	0	0	0
EMPRESA NACIONAL DE ELCTRCID	SPONSORED ADR	29244T101	8,678	312,948	SH		DFND	1	211,363	0	101,585
ENERSIS AMERICAS SA	SPONSORED ADR	29274F104	5,621	655,080	SH		DFND	1	442,217	0	212,863
ENERSIS CHILE SA	SPON ADR	29278D105	1,974	338,597	SH		DFND	1	228,995	0	109,602
FOMENTO ECONOMICO MEXICANO S	SPON ADR UNITS	344419106	22,075	238,671	SH		DFND	1	161,684	0	76,987
GERDAU S A	SPON ADR REP PFD	373737105	1,210	665,078	SH		DFND	1	446,400	0	218,678
GRUPO AEROPORTUARIO CTR NORT	SPON ADR	400501102	0	0	SH		DFND	1	0	0	0
GRUPO AEROPORTUARIO DEL SURE	SPON ADR SER B	40051E202	0	0	SH		DFND	1	0	0	0
GRUPO FINANCIERO GALICIA S A	SP ADR 10 SH B	399909100	0	0	SH		DFND	1	0	0	0
GRUPO FINANCIERO SANTANDER M	SPON ADR SHS B	40053C105	6,708	737,996	SH		DFND	1	500,709	0	237,287
GRUPO TELEVISA SA	SPON ADR REP ORD	40049J206	11,341	435,516	SH		DFND	1	294,753	0	140,763
ISHARES	MSCI JAPAN ETF	464286848	17,649	1,534,695	SH		DFND	1	1,534,695	0	0
ISHARES TR	20 YR TR BD ETF	464287432	20,951	150,838	SH		DFND	1	150,838	0	0
ISHARES TR	7-10 Y TR BD ETF	464287440	71,801	635,673	SH		DFND	1	635,673	0	0
ISHARES TR	IBOXX INV CP ETF	464287242	1,042	8,486	SH		DFND	1	8,486	0	0
ISHARES TR	INTL TREA BD ETF	464288117	18,791	188,726	SH		DFND	1	188,726	0	0
ITAU UNIBANCO HLDG SA	SPON ADR REP PFD	465562106	34,716	3,677,491	SH		DFND	1	2,509,106	0	1,168,385
LATAM AIRLS GROUP S A	SPONSORED ADR	51817R106	34	5,190	SH		DFND	1	5,190	0	0
PETROLEO BRASILEIRO SA PETRO	SP ADR NON VTG	71654V101	1,005	173,000	SH		DFND	1	116,200	0	56,800
PETROLEO BRASILEIRO SA PETRO	SPONSORED ADR	71654V408	8,708	1,216,178	SH		DFND	1	747,700	0	468,478
SOCIEDAD QUIMICA MINERA DE C	SPON ADR SER B	833635105	2,357	95,365	SH		DFND	1	66,574	0	28,791
SPDR S&P 500 ETF TR	TR UNIT	78462F103	82,130	392,077	SH		DFND	1	392,077	0	0
TELEFONICA BRASIL SA	SPONSORED ADR	87936R106	5,803	426,686	SH		DFND	1	252,900	0	173,786
VALE S A	ADR	91912E105	3,607	712,847	SH		DFND	1	627,300	0	85,547
VANGUARD INTL EQUITY INDEX F	FTSE EUROPE ETF	922042874	40,080	858,983	SH		DFND	1	858,983	0	0
YPF SOCIEDAD ANONIMA	SPON ADR CL D	984245100	0	0	SH		DFND	1	0	0	0
AMBEV S A	SPONSERED ADR	02319V103	908	153,658	SH		SOLE		0	0	153,658
BANCO BRADESCO S A	SP ADR PFD NEW	059460303	11,798	1,510,629	SH		SOLE		0	0	1,510,629
BRF SA	SPONSORED ADR	10552T107	4,462	320,334	SH		SOLE		0	0	320,334
COMPANHIA BRASILEIRA DE DIST	SPN ADR PFD CL A	20440T201	1,757	120,771	SH		SOLE		0	0	1,757
COMPANHIA ENERGETICA DE MINA	SP ADR N-V PFD	204409601	620	280,541	SH		SOLE		0	0	280,541
EMBRAER S A	SP ADR REP 4 COM	29082A107	3,151	145,071	SH		SOLE		0	0	145,071
ENERSIS AMERICAS S A	SPONSORED ADR	29274F104	2,575	441,712	SH		SOLE		0	0	441,712
ISHARES TR	MSCI EAFE ETF	464287905	1	2,500	SH	Call	SOLE		0	0	2,500
ISHARES TR	RUSSELL 2000 ETF	464287655	9,893	86,041	SH		SOLE		0	0	86,041
ISHARES TR	MSCI EAFE ETF	464287465	17,583	315,000	SH		SOLE		0	0	315,000
PETROLEO BRASILEIRO S A PETRO	SP ADR NON VTG	71654V101	30,077	5,176,808	SH		SOLE		0	0	5,176,808
SPDR S&P 500 ETF TR	TR UNIT	78462F953	3,022	1,000	SH	Put	SOLE		0	0	1,000
SPDR S&P 500 ETF TR	TR UNIT	78462F903	726	5,000	SH	Call	SOLE		0	0	5,000
SYNGENTA AG	SPONSORED ADR	87160A100	5,310	13,874	SH		SOLE		0	0	13,874
TELEFONICA BRASIL AS	SPONSORED ADR	87936R106	2,545	187,110	SH		SOLE		0	0	187,110
ULTRAPAR PARTICIPACOES S A	SP ADR REP COM	90400P101	48	2,160	SH		SOLE		0	0	2,160
VALE S A	ADR RESPTG PFD	91912E204	5,317	1,325,934	SH		SOLE		0	0	1,325,934
WISDOMTREE TR	EUROPE HEDGED EQ	97717X701	2,329	46,095	SH		SOLE		0	0	46,095
WISDOMTREE TR	INDIA ERNGS FD	97717W422	1,625	80,500	SH		SOLE		0	0	80,500
SPDR INDEX SHS FDS EURO STOXX 50	S&P INTL ETF	78463X202	122	3,900	SH		SOLE		0	0	3,900
SPDR S&P 500 ETF TR TR UNIT	EM MKT DIV	78462F103	27,611	131,810	SH		SOLE		0	0	131,810
ISHARES MIN VOL EMRG MKT	CALL	464286533	335	6,500	SH	Call	DFND		0	0	6,500
ISHARES TR MSCI EAFE ETF	ENERGY ETF	464287465	9,880	177,000	SH		DFND		0	0	177,000
ISHARES TR MSCI ACWI ETF	PFD STK ETF	464288257	13,367	237,725	SH		DFND		0	0	237,725
ISHARES TR CUR HD EURZN ETF	IBONDS DEC25 ETF	46434V639	626	26,000	SH		DFND		0	0	26,000