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
ABBVIE INC	COM	00287Y109	494	5,216	SH		DFND		0	0	5,216
ABIOMED INC	COM	003654100	85	293	SH		DFND		0	0	293
ACCENTURE PLC IRELAND	SHS CLASS A	G1151C101	264	1,720	SH		DFND		0	0	1,720
ACUITY BRANDS INC	COM	00508Y102	112	808	SH		DFND		0	0	808
ADIENT PLC	ORD SHS	G0084W101	44	743	SH		DFND		0	0	743
ADOBE SYS INC	COM	00724F101	747	3,456	SH		DFND		0	0	3,456
ADURO BIOTECH INC	COM	00739L101	31	3,333	SH		DFND		0	0	3,333
AERIE PHARMACEUTICALS INC	COM	00771V108	72	1,318	SH		DFND		0	0	1,318
AFFILIATED MANAGERS GROUP	COM	008252108	215	1,134	SH		DFND		0	0	1,134
AFLAC INC	COM	001055102	1,502	34,317	SH		DFND		0	0	34,317
AGCO CORP	COM	001084102	231	3,565	SH		DFND		0	0	3,565
AGILENT TECHNOLOGIES INC	COM	00846U101	295	4,406	SH		DFND		0	0	4,406
AKAMAI TECHNOLOGIES INC	COM	00971T101	64	901	SH		DFND		0	0	901
ALCOA CORP	COM	013872106	196	4,359	SH		DFND		0	0	4,359
ALDER BIOPHARMACEUTICALS INC	COM	014339105	44	3,432	SH		DFND		0	0	3,432
ALIGN TECHNOLOGY INC	COM	016255101	63	251	SH		DFND		0	0	251
ALLEGION PUB LTD CO	ORD SHS	G0176J109	297	3,483	SH		DFND		0	0	3,483
ALLERGAN PLC	SHS	G0177J108	7	44	SH		DFND		0	0	44
ALLIANCE DATA SYSTEMS CORP	COM	018581108	228	1,071	SH		DFND		0	0	1,071
ALLSTATE CORP	COM	020002101	1,650	17,407	SH		DFND		0	0	17,407
ALPHABET INC	CAP STK CL A	02079K305	3,577	3,449	SH		DFND		0	0	3,449
ALTRIA GROUP INC	COM	02209S103	788	12,642	SH		DFND		0	0	12,642
AMAZON COM INC	COM	023135106	2,867	1,981	SH		DFND		0	0	1,981
AMBEV SA	SPONSORED ADR	02319V103	149,236	20,527,728	SH		SOLE		911,175	0	19,616,553
AMDOCS LTD	SHS	G02602103	107	1,607	SH		DFND		0	0	1,607
AMERCO	COM	023586100	107	309	SH		DFND		0	0	309
AMERICA MOVIL SAB DE CV	SPON ADR L SHS	02364W105	33,431	1,751,235	SH		SOLE		1,109,347	0	641,888
AMERICAN EAGLE OUTFITTERS NE	COM	02553E106	19	957	SH		DFND		0	0	957
AMERICAN EXPRESS CO	COM	025816109	361	3,875	SH		DFND		0	0	3,875
AMERIPRISE FINL INC	COM	03076C106	1,323	8,942	SH		DFND		0	0	8,942
AMETEK INC NEW	COM	031100100	256	3,364	SH		DFND		0	0	3,364
AMGEN INC	COM	031162100	1,192	6,992	SH		DFND		0	0	6,992
ANDEAVOR	COM	03349M105	566	5,629	SH		DFND		0	0	5,629
ANHEUSER BUSCH INBEV SA/NV	SPONSORED ADR	03524A108	252	2,295	SH		DFND		0	0	2,295
ANTHEM INC	COM	036752103	604	2,749	SH		DFND		0	0	2,749
APPLE INC	COM	037833100	43,351	258,379	SH		DFND		0	0	258,379
APPLIED MATLS INC	COM	038222105	1,521	27,354	SH		DFND		0	0	27,354
APTIV PLC	SHS	G6095L109	195	2,292	SH		DFND		0	0	2,292
ARCELORMITTAL SA LUXEMBOURG	NY REGISTRY SH	03938L203	10	303	SH		DFND		0	0	303
ARCUS BIOSCIENCES INC	COM	03969F109	6	384	SH		DFND		0	0	384
ARDAGH GROUP S A	CL A	L0223L101	52	2,757	SH		DFND		0	0	2,757
ARROW ELECTRS INC	COM	042735100	464	6,022	SH		DFND		0	0	6,022
ASSURANT INC	COM	04621X108	840	9,190	SH		DFND		0	0	9,190
ASSURED GUARANTY LTD	COM	G0585R106	923	25,502	SH		DFND		0	0	25,502
ASTRAZENECA PLC	SPONSORED ADR	046353108	385	11,005	SH		DFND		0	0	11,005
ATHENE HLDG LTD	CL A	G0684D107	298	6,239	SH		DFND		0	0	6,239
AUDENTES THERAPEUTICS INC	COM	05070R104	29	949	SH		DFND		0	0	949
AUTOZONE INC	COM	053332102	356	549	SH		DFND		0	0	549
AVALON HLDGS CORP	CL A	05343P109	280	1,187	SH		DFND		0	0	1,187
AVANGRID INC	COM	05351W103	370	7,243	SH		DFND		0	0	7,243
AVERY DENNISON CORP	COM	053611109	520	4,890	SH		DFND		0	0	4,890
AVNET INC	COM	053807103	377	9,019	SH		DFND		0	0	9,019
AVON PRODS INC	COM	054303102	38	13,405	SH		DFND		0	0	13,405
AXIS CAPITAL HOLDINGS LTD	SHS	G0692U109	27	462	SH		DFND		0	0	462
AZUL S A	SPONSR ADR PFD	05501U106	13,083	376,490	SH		DFND		0	0	376,490
BAKER HUGHES A GE CO	CL A	05722G100	366	13,174	SH		DFND		0	0	13,174
BANCO BRADESCO S A	SP ADR PFD NEW	059460303	158,122	13,309,928	SH		SOLE		1,635,552	0	11,674,376
BANCO MACRO SA	SPON ADR B	05961W105	951	8,810	SH		DFND		0	0	8,810
BANCO SANTANDER CHILE NEW	SP ADR REP COM	05965X109	7,853	234,352	SH		SOLE		148,584	0	85,768
BANK AMER CORP	COM	060505104	3,211	107,082	SH		DFND		0	0	107,082
BAXTER INTL INC	COM	071813109	1,112	17,095	SH		DFND		0	0	17,095
BB&T CORP	COM	054937107	314	6,030	SH		DFND		0	0	6,030
BED BATH & BEYOND INC	COM	075896100	349	16,633	SH		DFND		0	0	16,633
BEST BUY INC	COM	086516101	1,182	16,881	SH		DFND		0	0	16,881
BGC PARTNERS INC	CL A	05541T101	40	2,977	SH		DFND		0	0	2,977
BIG LOTS INC	COM	089302103	83	1,904	SH		DFND		0	0	1,904
BIO RAD LABS INC	CL A	090572207	66	263	SH		DFND		0	0	263
BIOGEN INC	COM	09062X103	1,205	4,399	SH		DFND		0	0	4,399
BIOHAVEN PHARMACTL HLDG CO L	COM	G11196105	54	2,093	SH		DFND		0	0	2,093
BLACKROCK INC	COM	09247X101	1,105	2,039	SH		DFND		0	0	2,039
BLOCK H & R INC	COM	093671105	180	7,091	SH		DFND		0	0	7,091
BLUCORA INC	COM	095229100	365	14,820	SH		DFND		0	0	14,820
BLUEBIRD BIO INC	COM	09609G100	40	232	SH		DFND		0	0	232
BOEING CO	COM	097023105	3,614	11,021	SH		DFND		0	0	11,021
BOOKING HLDGS INC	COM	09857L108	48	23	SH		DFND		0	0	23
BOOZ ALLEN HAMILTON HLDG COR	CL A	099502106	53	1,379	SH		DFND		0	0	1,379
BORGWARNER INC	COM	099724106	307	6,109	SH		DFND		0	0	6,109
BOSTON BEER INC	CL A	100557107	22	119	SH		DFND		0	0	119
BOSTON SCIENTIFIC CORP	COM	101137107	286	10,471	SH		DFND		0	0	10,471
BP PLC	SPONSORED ADR	055622104	316	7,795	SH		DFND		0	0	7,795
BRASKEM S A	SP ADR PFD A	105532105	1,262	43,522	SH		DFND		0	0	43,522
BRF SA	SPONSORED ADR	10552T107	3,623	523,518	SH		SOLE		395,593	0	127,925
BRISTOL MYERS SQUIBB CO	COM	110122108	1,196	18,914	SH		DFND		0	0	18,914
BRITISH AMERN TOB PLC	SPONSORED ADR	110448107	665	11,526	SH		DFND		0	0	11,526
BRIXMOR PPTY GROUP INC	COM	11120U105	91	5,977	SH		DFND		0	0	5,977
BROOKDALE SR LIVING INC	COM	112463104	60	8,947	SH		DFND		0	0	8,947
BRUKER CORP	COM	116794108	98	3,274	SH		DFND		0	0	3,274
BRUNSWICK CORP	COM	117043109	699	11,777	SH		DFND		0	0	11,777
BURLINGTON STORES INC	COM	122017106	698	5,243	SH		DFND		0	0	5,243
BWX TECHNOLOGIES INC	COM	05605H100	52	819	SH		DFND		0	0	819
CABOT CORP	COM	127055101	322	5,770	SH		DFND		0	0	5,770
CADENCE DESIGN SYSTEM INC	COM	127387108	301	8,181	SH		DFND		0	0	8,181
CALITHERA BIOSCIENCES INC	COM	13089P101	9	1,455	SH		DFND		0	0	1,455
CAMPBELL SOUP CO	COM	134429109	1,131	26,122	SH		DFND		0	0	26,122
CAPITAL ONE FINL CORP	COM	14040H105	453	4,730	SH		DFND		0	0	4,730
CARDINAL HEALTH INC	COM	14149Y108	301	4,806	SH		DFND		0	0	4,806
CARLISLE COS INC	COM	142339100	15	147	SH		DFND		0	0	147
CARNIVAL CORP	UNIT 99/99/9999	143658300	101	1,534	SH		DFND		0	0	1,534
CATERPILLAR INC DEL	COM	149123101	576	3,905	SH		DFND		0	0	3,905
CDW CORP	COM	12514G108	270	3,843	SH		DFND		0	0	3,843
CELANESE CORP DEL	COM SER A	150870103	608	6,070	SH		DFND		0	0	6,070
CELGENE CORP	COM	151020104	1,702	19,082	SH		DFND		0	0	19,082
CEMEX SAB DE CV	SPON ADR NEW	151290889	16,507	2,493,476	SH		SOLE		1,780,502	0	712,974
CENTENE CORP DEL	COM	15135B101	650	6,085	SH		DFND		0	0	6,085
CERNER CORP	COM	156782104	314	5,412	SH		DFND		0	0	5,412
CHARLES RIV LABS INTL INC	COM	159864107	515	4,825	SH		DFND		0	0	4,825
CHEMOURS CO	COM	163851108	734	15,065	SH		DFND		0	0	15,065
CHESAPEAKE ENERGY CORP	COM	165167107	158	52,178	SH		DFND		0	0	52,178
CHEVRON CORP NEW	COM	166764100	464	4,069	SH		DFND		0	0	4,069
CIGNA CORPORATION	COM	125509109	1,074	6,400	SH		DFND		0	0	6,400
CINEMARK HOLDINGS INC	COM	17243V102	51	1,343	SH		DFND		0	0	1,343
CIRRUS LOGIC INC	COM	172755100	79	1,941	SH		DFND		0	0	1,941
CISCO SYS INC	COM	17275R102	992	23,123	SH		DFND		0	0	23,123
CITIGROUP INC	COM NEW	172967424	537	7,958	SH		DFND		0	0	7,958
CITIZENS FINL GROUP INC	COM	174610105	480	11,437	SH		DFND		0	0	11,437
CLEARSIDE BIOMEDICAL INC	COM	185063104	4	416	SH		DFND		0	0	416
CNO FINL GROUP INC	COM	12621E103	214	9,853	SH		DFND		0	0	9,853
COGNIZANT TECHNOLOGY SOLUTIO	CL A	192446102	524	6,508	SH		DFND		0	0	6,508
COHEN & STEERS INC	COM	19247A100	240	5,907	SH		DFND		0	0	5,907
COHERUS BIOSCIENCES INC	COM	19249H103	43	3,908	SH		DFND		0	0	3,908
COLFAX CORP	COM	194014106	163	5,099	SH		DFND		0	0	5,099
COLGATE PALMOLIVE CO	COM	194162103	111	1,542	SH		DFND		0	0	1,542
COMCAST CORP NEW	CL A	20030N101	2,078	60,828	SH		DFND		0	0	60,828
COMERICA INC	COM	200340107	204	2,128	SH		DFND		0	0	2,128
COMMERCE BANCSHARES INC	COM	200525103	177	2,957	SH		DFND		0	0	2,957
COMPANHIA BRASILEIRA DE DIST	SPN ADR PFD CL A	20440T201	2,186	108,229	SH		SOLE		47,412	0	60,817
COMPANHIA SIDERURGICA NACION	SPONSORED ADR	20440W105	3,203	1,217,900	SH		SOLE		785,800	0	432,100
COMPANIA DE MINAS BUENAVENTU	SPONSORED ADR	204448104	7,988	524,500	SH		SOLE		335,400	0	189,100
CONAGRA BRANDS INC	COM	205887102	145	3,931	SH		DFND		0	0	3,931
CONSOLIDATED EDISON INC	COM	209115104	23	297	SH		DFND		0	0	297
CONSTELLATION BRANDS INC	CL A	21036P108	1,490	6,538	SH		DFND		0	0	6,538
CONVERGYS CORP	COM	212485106	48	2,112	SH		DFND		0	0	2,112
COSTCO WHSL CORP NEW	COM	22160K105	340	1,803	SH		DFND		0	0	1,803
CRANE CO	COM	224399105	228	2,457	SH		DFND		0	0	2,457
CREDICORP LTD	COM	G2519Y108	14,323	63,086	SH		SOLE		33,165	0	29,921
CRESUD S A C I F Y A	SPONSORED ADR	226406106	887	44,009	SH		DFND		0	0	44,009
CSX CORP	COM	126408103	228	4,096	SH		DFND		0	0	4,096
CUMMINS INC	COM	231021106	733	4,521	SH		DFND		0	0	4,521
CURTISS WRIGHT CORP	COM	231561101	293	2,169	SH		DFND		0	0	2,169
CVS HEALTH CORP	COM	126650100	859	13,804	SH		DFND		0	0	13,804
D R HORTON INC	COM	23331A109	414	9,433	SH		DFND		0	0	9,433
DANA INCORPORATED	COM	235825205	497	19,301	SH		DFND		0	0	19,301
DANAHER CORP DEL	COM	235851102	871	8,894	SH		DFND		0	0	8,894
DARDEN RESTAURANTS INC	COM	237194105	243	2,850	SH		DFND		0	0	2,850
DAVITA INC	COM	23918K108	261	3,960	SH		DFND		0	0	3,960
DEAN FOODS CO NEW	COM NEW	242370203	18	2,141	SH		DFND		0	0	2,141
DEERE & CO	COM	244199105	324	2,085	SH		DFND		0	0	2,085
DELPHI TECHNOLOGIES PLC	SHS	G2709G107	25	529	SH		DFND		0	0	529
DELTA AIR LINES INC DEL	COM NEW	247361702	253	4,623	SH		DFND		0	0	4,623
DERMIRA INC	COM	24983L104	31	3,910	SH		DFND		0	0	3,910
DEVON ENERGY CORP NEW	COM	25179M103	648	20,383	SH		DFND		0	0	20,383
DIAMOND OFFSHORE DRILLING IN	COM	25271C102	39	2,636	SH		DFND		0	0	2,636
DIAMONDBACK ENERGY INC	COM	25278X109	81	644	SH		DFND		0	0	644
DISCOVER FINL SVCS	COM	254709108	588	8,169	SH		DFND		0	0	8,169
DISCOVERY COMMUNICATNS NEW	COM SER C	25470F302	104	5,345	SH		DFND		0	0	5,345
DISNEY WALT CO	COM DISNEY	254687106	1,174	11,688	SH		DFND		0	0	11,688
DOLBY LABORATORIES INC	COM	25659T107	145	2,283	SH		DFND		0	0	2,283
DOLLAR GEN CORP NEW	COM	256677105	678	7,250	SH		DFND		0	0	7,250
DOLLAR TREE INC	COM	256746108	928	9,775	SH		DFND		0	0	9,775
DOWDUPONT INC	COM	26078J100	465	7,303	SH		DFND		0	0	7,303
DST SYS INC DEL	COM	233326107	151	1,809	SH		DFND		0	0	1,809
DUN & BRADSTREET CORP DEL NE	COM	26483E100	278	2,378	SH		DFND		0	0	2,378
DXC TECHNOLOGY CO	COM	23355L106	59	585	SH		DFND		0	0	585
EASTMAN CHEM CO	COM	277432100	550	5,206	SH		DFND		0	0	5,206
EATON CORP PLC	SHS	G29183103	682	8,529	SH		DFND		0	0	8,529
EBAY INC	COM	278642103	2,233	55,492	SH		DFND		0	0	55,492
EDISON INTL	COM	281020107	963	15,133	SH		DFND		0	0	15,133
ELECTRONIC ARTS INC	COM	285512109	687	5,664	SH		DFND		0	0	5,664
EMBRAER S A	SP ADR REP 4 COM	29082A107	7,186	276,393	SH		SOLE		150,200	0	126,193
EMCOR GROUP INC	COM	29084Q100	16	202	SH		DFND		0	0	202
EMERSON ELEC CO	COM	291011104	325	4,756	SH		DFND		0	0	4,756
ENEL AMERICAS S A	SPONSORED ADR	29274F104	4,287	368,900	SH		SOLE		239,100	0	129,800
ENEL CHILE S A	SPONSORED ADR	29278D105	2,044	319,300	SH		SOLE		178,100	0	141,200
ENEL GENERACION CHILE S A	SPONSORED ADR	29244T101	11	470	SH		SOLE		470	0	0
ENERGEN CORP	COM	29265N108	85	1,360	SH		DFND		0	0	1,360
ENERSYS	COM	29275Y102	64	916	SH		DFND		0	0	916
EPR PPTYS	COM SH BEN INT	26884U109	32	586	SH		DFND		0	0	586
EQUIFAX INC	COM	294429105	142	1,205	SH		DFND		0	0	1,205
ESTERLINE TECHNOLOGIES CORP	COM	297425100	241	3,289	SH		DFND		0	0	3,289
EVEREST RE GROUP LTD	COM	G3223R108	77	299	SH		DFND		0	0	299
EVOLUS INC	COM	30052C107	11	1,184	SH		DFND		0	0	1,184
EXELIXIS INC	COM	30161Q104	736	33,212	SH		DFND		0	0	33,212
EXELON CORP	COM	30161N101	1,045	26,796	SH		DFND		0	0	26,796
EXPEDIA GROUP INC	COM NEW	30212P303	344	3,118	SH		DFND		0	0	3,118
EXPEDITORS INTL WASH INC	COM	302130109	360	5,681	SH		DFND		0	0	5,681
EXPRESS SCRIPTS HLDG CO	COM	30219G108	632	9,155	SH		DFND		0	0	9,155
EXXON MOBIL CORP	COM	30231G102	56	749	SH		DFND		0	0	749
F5 NETWORKS INC	COM	315616102	397	2,743	SH		DFND		0	0	2,743
FACEBOOK INC	CL A	30303M102	2,611	16,338	SH		DFND		0	0	16,338
FAIR ISAAC CORP	COM	303250104	46	270	SH		DFND		0	0	270
FEDEX CORP	COM	31428X106	166	693	SH		DFND		0	0	693
FIBRIA CELULOSE S A	SP ADR REP COM	31573A109	228	11,700	SH		SOLE		6,500	0	5,200
FIDELITY NATIONAL FINANCIAL	FNF GROUP COM	31620R303	93	2,334	SH		DFND		0	0	2,334
FIRST SOLAR INC	COM	336433107	575	8,105	SH		DFND		0	0	8,105
FIVE PRIME THERAPEUTICS INC	COM	33830X104	11	616	SH		DFND		0	0	616
FLEETCOR TECHNOLOGIES INC	COM	339041105	321	1,584	SH		DFND		0	0	1,584
FLEX LTD	ORD	Y2573F102	777	47,603	SH		DFND		0	0	47,603
FLIR SYS INC	COM	302445101	285	5,705	SH		DFND		0	0	5,705
FOMENTO ECONOMICO MEXICANO S	SPON ADR UNITS	344419106	34,090	372,849	SH		SOLE		235,816	0	137,033
FOOT LOCKER INC	COM	344849104	1,291	28,344	SH		DFND		0	0	28,344
FORTIVE CORP	COM	34959J108	678	8,740	SH		DFND		0	0	8,740
FORTUNE BRANDS HOME & SEC IN	COM	34964C106	323	5,489	SH		DFND		0	0	5,489
FRANKLIN RES INC	COM	354613101	659	19,014	SH		DFND		0	0	19,014
FREEPORT-MCMORAN INC	CL B	35671D857	33	1,884	SH		DFND		0	0	1,884
FRESH DEL MONTE PRODUCE INC	ORD	G36738105	178	3,925	SH		DFND		0	0	3,925
G1 THERAPEUTICS INC	COM	3621LQ109	7	184	SH		DFND		0	0	184
GALLAGHER ARTHUR J & CO	COM	363576109	4	57	SH		DFND		0	0	57
GAP INC DEL	COM	364760108	310	9,948	SH		DFND		0	0	9,948
GARMIN LTD	SHS	H2906T109	394	6,683	SH		DFND		0	0	6,683
GENERAL DYNAMICS CORP	COM	369550108	75	339	SH		DFND		0	0	339
GENERAL MLS INC	COM	370334104	394	8,741	SH		DFND		0	0	8,741
GENERAL MTRS CO	COM	37045V100	1,423	39,165	SH		DFND		0	0	39,165
GENPACT LIMITED	SHS	G3922B107	355	11,082	SH		DFND		0	0	11,082
GERDAU S A	SPON ADR REP PFD	373737105	5,455	1,170,700	SH		SOLE		748,200	0	422,500
GILEAD SCIENCES INC	COM	375558103	2,394	31,749	SH		DFND		0	0	31,749
GLOBAL BLOOD THERAPEUTICS IN	COM	37890U108	39	809	SH		DFND		0	0	809
GLYCOMIMETICS INC	COM	38000Q102	58	3,570	SH		DFND		0	0	3,570
GOLDMAN SACHS GROUP INC	COM	38141G104	554	2,199	SH		DFND		0	0	2,199
GOODYEAR TIRE & RUBR CO	COM	382550101	78	2,921	SH		DFND		0	0	2,921
GRACE W R & CO DEL NEW	COM	38388F108	14	233	SH		DFND		0	0	233
GRAINGER W W INC	COM	384802104	699	2,477	SH		DFND		0	0	2,477
GREENBRIER COS INC	COM	393657101	83	1,661	SH		DFND		0	0	1,661
GRUPO FINANCIERO SANTANDER M	SPON ADR SHS B	40053C105	404	33,577	SH		DFND		0	0	33,577
GRUPO SUPERVIELLE S A	SPONSORED ADR	40054A108	7,759	255,716	SH		SOLE		152,113	0	103,603
HALLIBURTON CO	COM	406216101	494	10,524	SH		DFND		0	0	10,524
HANESBRANDS INC	COM	410345102	243	13,210	SH		DFND		0	0	13,210
HARRIS CORP DEL	COM	413875105	329	2,040	SH		DFND		0	0	2,040
HARTFORD FINL SVCS GROUP INC	COM	416515104	316	6,132	SH		DFND		0	0	6,132
HASBRO INC	COM	418056107	276	3,279	SH		DFND		0	0	3,279
HCA HEALTHCARE INC	COM	40412C101	1,087	11,206	SH		DFND		0	0	11,206
HD SUPPLY HLDGS INC	COM	40416M105	142	3,737	SH		DFND		0	0	3,737
HERSHEY CO	COM	427866108	449	4,538	SH		DFND		0	0	4,538
HILTON WORLDWIDE HLDGS INC	COM	43300A203	1,212	15,391	SH		DFND		0	0	15,391
HOME DEPOT INC	COM	437076102	277	1,555	SH		DFND		0	0	1,555
HONEYWELL INTL INC	COM	438516106	1,340	9,275	SH		DFND		0	0	9,275
HOSTESS BRANDS INC	CL A	44109J106	224	15,145	SH		DFND		0	0	15,145
HP INC	COM	40434L105	259	11,816	SH		DFND		0	0	11,816
HUBBELL INC	COM	443510607	129	1,057	SH		DFND		0	0	1,057
HUBSPOT INC	COM	443573100	132	1,220	SH		DFND		0	0	1,220
HUMANA INC	COM	444859102	1,746	6,496	SH		DFND		0	0	6,496
HUNTINGTON INGALLS INDS INC	COM	446413106	668	2,590	SH		DFND		0	0	2,590
HUNTSMAN CORP	COM	447011107	61	2,081	SH		DFND		0	0	2,081
HYATT HOTELS CORP	COM CL A	448579102	158	2,069	SH		DFND		0	0	2,069
IAC INTERACTIVECORP	COM	44919P508	756	4,837	SH		DFND		0	0	4,837
ILLINOIS TOOL WKS INC	COM	452308109	556	3,548	SH		DFND		0	0	3,548
IMPAX LABORATORIES INC	COM	45256B101	119	6,104	SH		DFND		0	0	6,104
INGERSOLL-RAND PLC	SHS	G47791101	612	7,155	SH		DFND		0	0	7,155
INGREDION INC	COM	457187102	296	2,293	SH		DFND		0	0	2,293
INSTALLED BLDG PRODS INC	COM	45780R101	129	2,142	SH		DFND		0	0	2,142
INTEL CORP	COM	458140100	455	8,727	SH		DFND		0	0	8,727
INTERNATIONAL BUSINESS MACHS	COM	459200101	1,066	6,949	SH		DFND		0	0	6,949
INTERPUBLIC GROUP COS INC	COM	460690100	642	27,862	SH		DFND		0	0	27,862
INTL PAPER CO	COM	460146103	289	5,408	SH		DFND		0	0	5,408
INVESCO LTD	SHS	G491BT108	529	16,524	SH		DFND		0	0	16,524
IPG PHOTONICS CORP	COM	44980X109	86	369	SH		DFND		0	0	369
IRONWOOD PHARMACEUTICALS INC	COM CL A	46333X108	53	3,453	SH		DFND		0	0	3,453
IRSA INVERSIONES Y REP S A	GLOBL DEP RCPT	450047204	2,667	112,775	SH		SOLE		72,224	0	40,551
IRSA PROPIEDADES COMERCIALES	SPONSORED ADR	463588103	1,113	25,000	SH		DFND		0	0	25,000
ISHARES INC	CORE MSCI EMKT	46434G103	5,174	88,600	SH		DFND		0	0	88,600
ISHARES INC	MIN VOL EMRG MKT	464286533	6,971	111,819	SH	Call	DFND		0	0	111,819
ISHARES INC	MIN VOL GBL ETF	464286525	1,534	18,300	SH	Call	DFND		0	0	18,300
ISHARES INC	MSCI EM ASIA ETF	464286426	2,893	38,600	SH		DFND		0	0	38,600
ISHARES INC	MSCI EURZONE ETF	464286608	7,176	165,531	SH		DFND		0	0	165,531
ISHARES INC	MSCI FRANCE ETF	464286707	1,544	49,166	SH		DFND		0	0	49,166
ISHARES INC	MSCI GERMANY ETF	464286806	1,560	48,702	SH		DFND		0	0	48,702
ISHARES INC	MSCI JPN ETF NEW	46434G822	76,589	1,262,177	SH		SOLE		738,561	0	523,616
ISHARES INC	MSCI PAC JP ETF	464286665	492	10,600	SH		DFND		0	0	10,600
ISHARES INC	MSCI STH AFR ETF	464286780	357	5,200	SH		DFND		0	0	5,200
ISHARES INC	MSCI STH KOR ETF	464286772	4,966	65,820	SH		DFND		0	0	65,820
ISHARES INC	MSCI CDA ETF	464286509	138	5,000	SH		DFND		0	0	5,000
ISHARES INC	MSCI TAIWAN ETF	46434G772	2,221	57,940	SH		DFND		0	0	57,940
ISHARES INC	MSCI BRAZIL ETF	464286400	18,065	402,515	SH		DFND		0	0	402,515
ISHARES INC	MSCI BRAZIL ETF	464286900	3,081,366	2,401	SH	Call	DFND		0	0	2,401
ISHARES INC	MSCI MEXICO ETF	464286822	44	850	SH		DFND		0	0	850
ISHARES INC	MSCI ITALY ETF	46434G830	477	14,837	SH		DFND		0	0	14,837
ISHARES INC	MSCI SPAIN ETF	464286764	918	28,250	SH		DFND		0	0	28,250
ISHARES TR	CHINA LG-CAP ETF	464287184	9,599	203,200	SH		DFND		0	0	203,200
ISHARES TR	CUR HD EURZN ETF	46434V639	4,245	144,700	SH		DFND		0	0	144,700
ISHARES TR	IBOXX HI YD ETF	464288513	253	2,950	SH		DFND		0	0	2,950
ISHARES TR	IBOXX INV CP ETF	464287242	5,151	43,875	SH		SOLE		75	0	43,800
ISHARES TR	LATN AMER 40 ETF	464287390	14,527	386,655	SH		DFND		0	0	386,655
ISHARES TR	MSCI ACWI ETF	464288257	9,014	125,725	SH		DFND		0	0	125,725
ISHARES TR	MSCI EAFE ETF	464287465	31,096	446,270	SH		DFND		0	0	446,270
ISHARES TR	MSCI EMG MKT ETF	464287234	29,143	603,631	SH		SOLE		94,120	0	509,511
ISHARES TR	MSCI EMG MKT ETF	464287904	5,773,032	1,800	SH	Call	DFND		0	0	1,800
ISHARES TR	MSCI UK ETF NEW	46435G334	25	709	SH		DFND		0	0	709
ISHARES TR	RUSSELL 2000 ETF	464287655	16,322	107,505	SH		DFND		0	0	107,505
ISHARES TR	TIPS BD ETF	464287176	5,315	47,016	SH		SOLE		47,016	0	0
ISHARES TR	MSCI MEXICO	46435G805	8,889	172,542	SH		DFND		0	0	172,542
ISHARES TR	CORE S&P500 ETF	464287200	12,106	45,620	SH		DFND		0	0	45,620
ISHARES TR	MSCI CHINA ETF	46429B671	357	5,200	SH		DFND		0	0	5,200
ISHARES TR	INTRMD CR BD ETF	464288638	725	6,762	SH		SOLE		6,762	0	0
ISHARES TR	SHORT TREAS BD	464288679	23,478	212,724	SH		SOLE		212,724	0	0
ISHARES TR	JPMORGAN USD EMG	464288281	2,256	20,000	SH		DFND		0	0	20,000
ISHARES TR	HDG MSCI EAFE	46434V803	2,079	72,400	SH		DFND		0	0	72,400
ISHARES TR	MSCI EURO FL ETF	464289180	3,121	135,100	SH		DFND		0	0	135,100
ITAU UNIBANCO HLDG SA	SPON ADR REP PFD	465562106	46,952	3,009,767	SH		SOLE		1,957,931	0	1,051,836
ITT INC	COM	45073V108	254	5,192	SH		DFND		0	0	5,192
JACOBS ENGR GROUP INC DEL	COM	469814107	26	435	SH		DFND		0	0	435
JETBLUE AIRWAYS CORP	COM	477143101	210	10,354	SH		DFND		0	0	10,354
JOHNSON & JOHNSON	COM	478160104	907	7,081	SH		DFND		0	0	7,081
JOUNCE THERAPEUTICS INC	COM	481116101	18	806	SH		DFND		0	0	806
JPMORGAN CHASE & CO	COM	46625H100	1,828	16,626	SH		DFND		0	0	16,626
JUNIPER NETWORKS INC	COM	48203R104	781	32,098	SH		DFND		0	0	32,098
KALA PHARMACEUTICALS INC	COM	483119103	27	1,708	SH		DFND		0	0	1,708
KANSAS CITY SOUTHERN	COM NEW	485170302	361	3,285	SH		DFND		0	0	3,285
KAR AUCTION SVCS INC	COM	48238T109	31	567	SH		DFND		0	0	567
KARYOPHARM THERAPEUTICS INC	COM	48576U106	47	3,490	SH		DFND		0	0	3,490
KELLOGG CO	COM	487836108	428	6,581	SH		DFND		0	0	6,581
KEYCORP NEW	COM	493267108	292	14,927	SH		DFND		0	0	14,927
KIMBERLY CLARK CORP	COM	494368103	502	4,556	SH		DFND		0	0	4,556
KLA-TENCOR CORP	COM	482480100	791	7,260	SH		DFND		0	0	7,260
KNIGHT SWIFT TRANSN HLDGS IN	CL A	499049104	19	417	SH		DFND		0	0	417
KOHLS CORP	COM	500255104	682	10,403	SH		DFND		0	0	10,403
KROGER CO	COM	501044101	27	1,130	SH		DFND		0	0	1,130
L3 TECHNOLOGIES INC	COM	502413107	297	1,427	SH		DFND		0	0	1,427
LABORATORY CORP AMER HLDGS	COM NEW	50540R409	1,004	6,208	SH		DFND		0	0	6,208
LAM RESEARCH CORP	COM	512807108	558	2,747	SH		DFND		0	0	2,747
LANCASTER COLONY CORP	COM	513847103	22	177	SH		DFND		0	0	177
LAS VEGAS SANDS CORP	COM	517834107	265	3,687	SH		DFND		0	0	3,687
LAUDER ESTEE COS INC	CL A	518439104	24	159	SH		DFND		0	0	159
LEAR CORP	COM NEW	521865204	1,193	6,413	SH		DFND		0	0	6,413
LENNAR CORP	CL A	526057104	299	5,069	SH		DFND		0	0	5,069
LEUCADIA NATL CORP	COM	527288104	261	11,468	SH		DFND		0	0	11,468
LIBERTY GLOBAL PLC	SHS CL C	G5480U120	297	9,776	SH		DFND		0	0	9,776
LIBERTY LATIN AMERICA LTD	COM CL C	G9001E128	491	25,705	SH		DFND		0	0	25,705
LIBERTY MEDIA CORP DELAWARE	COM SER C FRMLA	531229854	84	2,722	SH		DFND		0	0	2,722
LILLY ELI & CO	COM	532457108	337	4,353	SH		DFND		0	0	4,353
LINCOLN NATL CORP IND	COM	534187109	736	10,069	SH		DFND		0	0	10,069
LKQ CORP	COM	501889208	20	529	SH		DFND		0	0	529
LOCKHEED MARTIN CORP	COM	539830109	1,192	3,528	SH		DFND		0	0	3,528
LOEWS CORP	COM	540424108	429	8,634	SH		DFND		0	0	8,634
LOMA NEGRA CORP	SPONSORED ADS	54150E104	10,595	496,961	SH		SOLE		197,082	0	299,879
LOUISIANA PAC CORP	COM	546347105	20	691	SH		DFND		0	0	691
LOWES COS INC	COM	548661107	770	8,778	SH		DFND		0	0	8,778
LOXO ONCOLOGY INC	COM	548862101	73	629	SH		DFND		0	0	629
LULULEMON ATHLETICA INC	COM	550021109	225	2,530	SH		DFND		0	0	2,530
LYONDELLBASELL INDUSTRIES N	SHS - A -	N53745100	2,404	22,746	SH		DFND		0	0	22,746
M & T BK CORP	COM	55261F104	486	2,638	SH		DFND		0	0	2,638
MACYS INC	COM	55616P104	186	6,263	SH		DFND		0	0	6,263
MALLINCKRODT PUB LTD CO	SHS	G5785G107	38	2,635	SH		DFND		0	0	2,635
MANPOWERGROUP INC	COM	56418H100	60	525	SH		DFND		0	0	525
MARATHON PETE CORP	COM	56585A102	827	11,312	SH		DFND		0	0	11,312
MARSH & MCLENNAN COS INC	COM	571748102	908	10,997	SH		DFND		0	0	10,997
MARVELL TECHNOLOGY GROUP LTD	ORD	G5876H105	460	21,893	SH		DFND		0	0	21,893
MASCO CORP	COM	574599106	399	9,872	SH		DFND		0	0	9,872
MASIMO CORP	COM	574795100	18	209	SH		DFND		0	0	209
MAXIMUS INC	COM	577933104	18	263	SH		DFND		0	0	263
MCDONALDS CORP	COM	580135101	350	2,241	SH		DFND		0	0	2,241
MCKESSON CORP	COM	58155Q103	2,199	15,612	SH		DFND		0	0	15,612
MEDTRONIC PLC	SHS	G5960L103	900	11,218	SH		DFND		0	0	11,218
MERCK & CO INC	COM	58933Y105	1,616	29,662	SH		DFND		0	0	29,662
METLIFE INC	COM	59156R108	342	7,449	SH		DFND		0	0	7,449
MGM RESORTS INTERNATIONAL	COM	552953101	456	13,023	SH		DFND		0	0	13,023
MICHAEL KORS HLDGS LTD	SHS	G60754101	343	5,529	SH		DFND		0	0	5,529
MICROCHIP TECHNOLOGY INC	COM	595017104	235	2,569	SH		DFND		0	0	2,569
MICRON TECHNOLOGY INC	COM	595112103	2,534	48,595	SH		DFND		0	0	48,595
MICROSOFT CORP	COM	594918104	3,361	36,821	SH		DFND		0	0	36,821
MOHAWK INDS INC	COM	608190104	212	911	SH		DFND		0	0	911
MOLSON COORS BREWING CO	CL B	60871R209	509	6,757	SH		DFND		0	0	6,757
MOMENTA PHARMACEUTICALS INC	COM	60877T100	53	2,905	SH		DFND		0	0	2,905
MONSANTO CO NEW	COM	61166W101	63	540	SH		DFND		0	0	540
MONSTER BEVERAGE CORP NEW	COM	61174X109	215	3,760	SH		DFND		0	0	3,760
MSA SAFETY INC	COM	553498106	194	2,331	SH		DFND		0	0	2,331
MSC INDL DIRECT INC	CL A	553530106	37	407	SH		DFND		0	0	407
MSCI INC	COM	55354G100	104	695	SH		DFND		0	0	695
MYLAN N V	SHS EURO	N59465109	452	10,981	SH		DFND		0	0	10,981
MYOKARDIA INC	COM	62857M105	86	1,756	SH		DFND		0	0	1,756
NASDAQ INC	COM	631103108	681	7,902	SH		DFND		0	0	7,902
NATIONAL RETAIL PPTYS INC	COM	637417106	145	3,685	SH		DFND		0	0	3,685
NATIONAL VISION HLDGS INC	COM	63845R107	368	11,376	SH		DFND		0	0	11,376
NEKTAR THERAPEUTICS	COM	640268108	17	162	SH		DFND		0	0	162
NETAPP INC	COM	64110D104	585	9,491	SH		DFND		0	0	9,491
NEW YORK TIMES CO	CL A	650111107	109	4,507	SH		DFND		0	0	4,507
NEWFIELD EXPL CO	COM	651290108	145	5,926	SH		DFND		0	0	5,926
NEWMONT MINING CORP	COM	651639106	511	13,081	SH		DFND		0	0	13,081
NEWS CORP NEW	CL A	65249B109	16	1,020	SH		DFND		0	0	1,020
NEXTERA ENERGY INC	COM	65339F101	445	2,727	SH		DFND		0	0	2,727
NIKE INC	CL B	654106103	617	9,285	SH		DFND		0	0	9,285
NORDSTROM INC	COM	655664100	211	4,359	SH		DFND		0	0	4,359
NORFOLK SOUTHERN CORP	COM	655844108	596	4,388	SH		DFND		0	0	4,388
NORTHERN TR CORP	COM	665859104	416	4,034	SH		DFND		0	0	4,034
NORTHROP GRUMMAN CORP	COM	666807102	1,350	3,868	SH		DFND		0	0	3,868
NU SKIN ENTERPRISES INC	CL A	67018T105	297	4,031	SH		DFND		0	0	4,031
NUANCE COMMUNICATIONS INC	COM	67020Y100	32	2,024	SH		DFND		0	0	2,024
NVIDIA CORP	COM	67066G104	2,123	9,167	SH		DFND		0	0	9,167
NVR INC	COM	62944T105	462	165	SH		DFND		0	0	165
O REILLY AUTOMOTIVE INC NEW	COM	67103H107	444	1,793	SH		DFND		0	0	1,793
OCEANEERING INTL INC	COM	675232102	109	5,887	SH		DFND		0	0	5,887
OFFICE DEPOT INC	COM	676220106	88	40,829	SH		DFND		0	0	40,829
OLD DOMINION FGHT LINES INC	COM	679580100	40	271	SH		DFND		0	0	271
OLD REP INTL CORP	COM	680223104	25	1,176	SH		DFND		0	0	1,176
OMNICOM GROUP INC	COM	681919106	484	6,659	SH		DFND		0	0	6,659
ON SEMICONDUCTOR CORP	COM	682189105	242	9,902	SH		DFND		0	0	9,902
ORACLE CORP	COM	68389X105	2,153	47,051	SH		DFND		0	0	47,051
OSHKOSH CORP	COM	688239201	374	4,845	SH		DFND		0	0	4,845
OTONOMY INC	COM	68906L105	14	3,310	SH		DFND		0	0	3,310
OWENS CORNING NEW	COM	690742101	617	7,673	SH		DFND		0	0	7,673
PACCAR INC	COM	693718108	45	681	SH		DFND		0	0	681
PAMPA ENERGIA S A	SPONS ADR LVL I	697660207	6,224	104,436	SH		SOLE		54,236	0	50,200
PARK HOTELS RESORTS INC	COM	700517105	330	12,220	SH		DFND		0	0	12,220
PARKER HANNIFIN CORP	COM	701094104	275	1,610	SH		DFND		0	0	1,610
PATTERSON COMPANIES INC	COM	703395103	114	5,114	SH		DFND		0	0	5,114
PATTERSON UTI ENERGY INC	COM	703481101	13	753	SH		DFND		0	0	753
PAYPAL HLDGS INC	COM	70450Y103	87	1,142	SH		DFND		0	0	1,142
PENTAIR PLC	SHS	G7S00T104	274	4,028	SH		DFND		0	0	4,028
PEOPLES UNITED FINANCIAL INC	COM	712704105	27	1,425	SH		DFND		0	0	1,425
PEPSICO INC	COM	713448108	788	7,221	SH		DFND		0	0	7,221
PETROLEO BRASILEIRO SA PETRO	SP ADR NON VTG	71654V101	23,673	1,822,344	SH		SOLE		1,223,652	0	598,692
PETROLEO BRASILEIRO SA PETRO	SPONSORED ADR	71654V908	13,587	1,000	SH	Call	DFND		0	0	1,000
PETROLEO BRASILEIRO SA PETRO	SPONSORED ADR	71654V408	30,459	2,154,063	SH		SOLE		909,409	0	1,244,654
PFIZER INC	COM	717081103	1,353	38,127	SH		DFND		0	0	38,127
PG&E CORP	COM	69331C108	9	200	SH		DFND		0	0	200
PHILIP MORRIS INTL INC	COM	718172109	205	2,065	SH		DFND		0	0	2,065
PITNEY BOWES INC	COM	724479100	302	27,748	SH		DFND		0	0	27,748
PNC FINL SVCS GROUP INC	COM	693475105	347	2,297	SH		DFND		0	0	2,297
POPULAR INC	COM NEW	733174700	338	8,129	SH		DFND		0	0	8,129
POWERSHARES ETF TR II	FDM HG YLD RAFI	73936T557	102	5,500	SH		DFND		0	0	5,500
PPG INDS INC	COM	693506107	814	7,296	SH		DFND		0	0	7,296
PRAXAIR INC	COM	74005P104	229	1,586	SH		DFND		0	0	1,586
PRICE T ROWE GROUP INC	COM	74144T108	43	394	SH		DFND		0	0	394
PROCTER AND GAMBLE CO	COM	742718109	471	5,937	SH		DFND		0	0	5,937
PRUDENTIAL FINL INC	COM	744320102	1,442	13,926	SH		DFND		0	0	13,926
PUBLIC SVC ENTERPRISE GROUP	COM	744573106	253	5,027	SH		DFND		0	0	5,027
PULTE GROUP INC	COM	745867101	229	7,755	SH		DFND		0	0	7,755
QEP RES INC	COM	74733V100	140	14,266	SH		DFND		0	0	14,266
QIAGEN NV	SHS NEW	N72482123	415	12,842	SH		DFND		0	0	12,842
QUEST DIAGNOSTICS INC	COM	74834L100	318	3,175	SH		DFND		0	0	3,175
RA PHARMACEUTICALS INC	COM	74933V108	12	2,189	SH		DFND		0	0	2,189
RAYMOND JAMES FINANCIAL INC	COM	754730109	620	6,933	SH		DFND		0	0	6,933
RAYTHEON CO	COM NEW	755111507	1,102	5,107	SH		DFND		0	0	5,107
REGAL BELOIT CORP	COM	758750103	75	1,029	SH		DFND		0	0	1,029
REGENERON PHARMACEUTICALS	COM	75886F107	209	606	SH		DFND		0	0	606
REINSURANCE GROUP AMER INC	COM NEW	759351604	616	3,999	SH		DFND		0	0	3,999
RELIANCE STEEL & ALUMINUM CO	COM	759509102	89	1,039	SH		DFND		0	0	1,039
REVANCE THERAPEUTICS INC	COM	761330109	67	2,188	SH		DFND		0	0	2,188
RIGEL PHARMACEUTICALS INC	COM NEW	766559603	13	3,777	SH		DFND		0	0	3,777
ROBERT HALF INTL INC	COM	770323103	242	4,184	SH		DFND		0	0	4,184
ROCKWELL AUTOMATION INC	COM	773903109	15	86	SH		DFND		0	0	86
ROSS STORES INC	COM	778296103	614	7,869	SH		DFND		0	0	7,869
ROYAL CARIBBEAN CRUISES LTD	COM	V7780T103	692	5,879	SH		DFND		0	0	5,879
RPC INC	COM	749660106	17	934	SH		DFND		0	0	934
SALESFORCE COM INC	COM	79466L302	18	157	SH		DFND		0	0	157
SANDERSON FARMS INC	COM	800013104	29	246	SH		DFND		0	0	246
SANTANDER CONSUMER USA HDG I	COM	80283M101	22	1,359	SH		DFND		0	0	1,359
SCHEIN HENRY INC	COM	806407102	271	4,038	SH		DFND		0	0	4,038
SCIENCE APPLICATNS INTL CP N	COM	808625107	25	319	SH		DFND		0	0	319
SEAGATE TECHNOLOGY PLC	SHS	G7945M107	303	5,179	SH		DFND		0	0	5,179
SELECT SECTOR SPDR TR	SBI HEALTHCARE	81369Y209	1,140	14,000	SH		DFND		0	0	14,000
SELECT SECTOR SPDR TR	SBI INT-FINL	81369Y605	1,067	38,700	SH		DFND		0	0	38,700
SELECT SECTOR SPDR TR	ENERGY	81369Y506	2,956	43,850	SH		DFND		0	0	43,850
SEMPRA ENERGY	COM	816851109	225	2,023	SH		DFND		0	0	2,023
SERVICE CORP INTL	COM	817565104	25	662	SH		DFND		0	0	662
SERVICEMASTER GLOBAL HLDGS I	COM	81761R109	38	749	SH		DFND		0	0	749
SIMPLY GOOD FOODS CO	COM	82900L102	173	12,624	SH		DFND		0	0	12,624
SIMPLY GOOD FOODS CO	*W EXP 07/07/202	82900L110	17	4,882	SH		DFND		0	0	4,882
SKECHERS U S A INC	CL A	830566105	273	7,025	SH		DFND		0	0	7,025
SKYWORKS SOLUTIONS INC	COM	83088M102	512	5,102	SH		DFND		0	0	5,102
SLM CORP	COM	78442P106	120	10,717	SH		DFND		0	0	10,717
SNAP ON INC	COM	833034101	248	1,681	SH		DFND		0	0	1,681
SOCIEDAD QUIMICA MINERA DE C	SPON ADR SER B	833635105	14,328	291,525	SH		SOLE		186,126	0	105,399
SOUTHERN COPPER CORP	COM	84265V105	27	504	SH		DFND		0	0	504
SOUTHWEST AIRLS CO	COM	844741108	610	10,647	SH		DFND		0	0	10,647
SOUTHWESTERN ENERGY CO	COM	845467109	347	80,108	SH		DFND		0	0	80,108
SPDR GOLD TRUST	GOLD SHS	78463V107	528	4,200	SH		DFND		0	0	4,200
SPDR INDEX SHS FDS	ASIA PACIF ETF	78463X301	5,779	54,191	SH		DFND		0	0	54,191
SPDR INDEX SHS FDS	EURO STOXX 50	78463X202	3,191	79,250	SH		DFND		0	0	79,250
SPDR S&P 500 ETF TR	TR UNIT	78462F103	294,054	1,117,443	SH		SOLE		705,574	0	411,869
SPDR S&P 500 ETF TR	TR UNIT	78462F953	4,876,724	1,903	SH	Put	DFND		0	0	1,903
SPIRIT AEROSYSTEMS HLDGS INC	COM CL A	848574109	746	8,917	SH		DFND		0	0	8,917
SS&C TECHNOLOGIES HLDGS INC	COM	78467J100	78	1,455	SH		DFND		0	0	1,455
STATE STR CORP	COM	857477103	216	2,169	SH		DFND		0	0	2,169
SUNCOR ENERGY INC NEW	COM	867224107	167	4,828	SH		DFND		0	0	4,828
SUNTRUST BKS INC	COM	867914103	250	3,679	SH		DFND		0	0	3,679
SUPERIOR ENERGY SVCS INC	COM	868157108	150	17,809	SH		DFND		0	0	17,809
SYNCHRONY FINL	COM	87165B103	309	9,222	SH		DFND		0	0	9,222
SYNDAX PHARMACEUTICALS INC	COM	87164F105	47	3,281	SH		DFND		0	0	3,281
SYNEOS HEALTH INC	CL A	87166B102	14	387	SH		DFND		0	0	387
SYNNEX CORP	COM	87162W100	251	2,117	SH		DFND		0	0	2,117
SYNOPSYS INC	COM	871607107	144	1,731	SH		DFND		0	0	1,731
SYSCO CORP	COM	871829107	800	13,338	SH		DFND		0	0	13,338
TAKE-TWO INTERACTIVE SOFTWAR	COM	874054109	323	3,306	SH		DFND		0	0	3,306
TAPESTRY INC	COM	876030107	93	1,765	SH		DFND		0	0	1,765
TARGET CORP	COM	87612E106	698	10,049	SH		DFND		0	0	10,049
TD AMERITRADE HLDG CORP	COM	87236Y108	641	10,824	SH		DFND		0	0	10,824
TE CONNECTIVITY LTD	REG SHS	H84989104	350	3,499	SH		DFND		0	0	3,499
TEGNA INC	COM	87901J105	723	63,435	SH		DFND		0	0	63,435
TELEFONICA BRASIL SA	SPONSORED ADR	87936R106	6,858	446,500	SH		SOLE		238,619	0	207,881
TERADYNE INC	COM	880770102	323	7,063	SH		DFND		0	0	7,063
TEREX CORP NEW	COM	880779103	62	1,659	SH		DFND		0	0	1,659
TESARO INC	COM	881569107	38	663	SH		DFND		0	0	663
TEVA PHARMACEUTICAL INDS LTD	SPONSORED ADR	881624209	195	11,427	SH		DFND		0	0	11,427
TEXAS INSTRS INC	COM	882508104	991	9,543	SH		DFND		0	0	9,543
TEXTRON INC	COM	883203101	282	4,785	SH		DFND		0	0	4,785
THERMO FISHER SCIENTIFIC INC	COM	883556102	184	892	SH		DFND		0	0	892
THOR INDS INC	COM	885160101	48	415	SH		DFND		0	0	415
TIM PARTICIPACOES S A	SPONSORED ADR	88706P205	13,473	621,757	SH		SOLE		391,677	0	230,080
TIMKEN CO	COM	887389104	178	3,913	SH		DFND		0	0	3,913
TJX COS INC NEW	COM	872540109	964	11,821	SH		DFND		0	0	11,821
TORCHMARK CORP	COM	891027104	726	8,621	SH		DFND		0	0	8,621
TORONTO DOMINION BK ONT	COM NEW	891160509	152	2,665	SH		DFND		0	0	2,665
TOTAL SYS SVCS INC	COM	891906109	388	4,496	SH		DFND		0	0	4,496
TRACTOR SUPPLY CO	COM	892356106	337	5,350	SH		DFND		0	0	5,350
TRANSCANADA CORP	COM	89353D107	180	4,358	SH		DFND		0	0	4,358
TRANSUNION	COM	89400J107	130	2,291	SH		DFND		0	0	2,291
TRAVELERS COMPANIES INC	COM	89417E109	709	5,108	SH		DFND		0	0	5,108
TREVENA INC	COM	89532E109	10	6,243	SH		DFND		0	0	6,243
TUPPERWARE BRANDS CORP	COM	899896104	183	3,787	SH		DFND		0	0	3,787
TWENTY FIRST CENTY FOX INC	CL A	90130A101	220	5,993	SH		DFND		0	0	5,993
TWITTER INC	COM	90184L102	289	9,979	SH		DFND		0	0	9,979
TYSON FOODS INC	CL A	902494103	457	6,243	SH		DFND		0	0	6,243
U S G CORP	COM NEW	903293405	22	553	SH		DFND		0	0	553
UGI CORP NEW	COM	902681105	229	5,160	SH		DFND		0	0	5,160
UNILEVER N V	N Y SHS NEW	904784709	430	7,628	SH		DFND		0	0	7,628
UNION PAC CORP	COM	907818108	283	2,103	SH		DFND		0	0	2,103
UNITED CONTL HLDGS INC	COM	910047109	594	8,547	SH		DFND		0	0	8,547
UNITED RENTALS INC	COM	911363109	678	3,928	SH		DFND		0	0	3,928
UNITED THERAPEUTICS CORP DEL	COM	91307C102	313	2,785	SH		DFND		0	0	2,785
UNITEDHEALTH GROUP INC	COM	91324P102	2,035	9,508	SH		DFND		0	0	9,508
UNIVERSAL HLTH SVCS INC	CL B	913903100	414	3,496	SH		DFND		0	0	3,496
UNUM GROUP	COM	91529Y106	584	12,271	SH		DFND		0	0	12,271
URBAN OUTFITTERS INC	COM	917047102	195	5,288	SH		DFND		0	0	5,288
US BANCORP DEL	COM NEW	902973304	49	963	SH		DFND		0	0	963
US FOODS HLDG CORP	COM	912008109	25	753	SH		DFND		0	0	753
VAIL RESORTS INC	COM	91879Q109	17	77	SH		DFND		0	0	77
VALE S A	ADR	91912E105	30,636	2,408,477	SH		SOLE		1,308,935	0	1,099,542
VALERO ENERGY CORP NEW	COM	91913Y100	563	6,073	SH		DFND		0	0	6,073
VANECK VECTORS ETF TR	RUSSIA ETF	92189F403	3,720	163,600	SH		DFND		0	0	163,600
VANECK VECTORS ETF TR	JP MORGAN MKTS	92189F494	2,466	125,800	SH		DFND		0	0	125,800
VANGUARD INDEX FDS	S&P 500 ETF SHS	922908363	1,025	4,235	SH		DFND		0	0	4,235
VANGUARD INTL EQUITY INDEX F	FTSE EMR MKT ETF	922042858	2,304	49,050	SH		DFND		0	0	49,050
VANGUARD INTL EQUITY INDEX F	FTSE EUROPE ETF	922042874	64,324	1,106,172	SH		SOLE		986,924	0	119,248
VANGUARD INTL EQUITY INDEX F	TT WRLD ST ETF	922042742	4,381	59,500	SH		DFND		0	0	59,500
VERIZON COMMUNICATIONS INC	COM	92343V104	1,367	28,592	SH		DFND		0	0	28,592
VERSUM MATLS INC	COM	92532W103	101	2,674	SH		DFND		0	0	2,674
VERTEX PHARMACEUTICALS INC	COM	92532F100	452	2,771	SH		DFND		0	0	2,771
VIACOM INC NEW	CL B	92553P201	920	29,609	SH		DFND		0	0	29,609
VISA INC	COM CL A	92826C839	821	6,864	SH		DFND		0	0	6,864
VISTEON CORP	COM NEW	92839U206	21	187	SH		DFND		0	0	187
VISTRA ENERGY CORP	COM	92840M102	434	20,820	SH		DFND		0	0	20,820
VOYA FINL INC	COM	929089100	213	4,208	SH		DFND		0	0	4,208
WABCO HLDGS INC	COM	92927K102	57	423	SH		DFND		0	0	423
WALGREENS BOOTS ALLIANCE INC	COM	931427108	22	343	SH		DFND		0	0	343
WALMART INC	COM	931142103	1,566	17,605	SH		DFND		0	0	17,605
WASTE MGMT INC DEL	COM	94106L109	537	6,385	SH		DFND		0	0	6,385
WAYFAIR INC	CL A	94419L101	256	3,788	SH		DFND		0	0	3,788
WEINGARTEN RLTY INVS	SH BEN INT	948741103	99	3,530	SH		DFND		0	0	3,530
WELLCARE HEALTH PLANS INC	COM	94946T106	208	1,074	SH		DFND		0	0	1,074
WELLS FARGO CO NEW	COM	949746101	195	3,712	SH		DFND		0	0	3,712
WESCO INTL INC	COM	95082P105	207	3,330	SH		DFND		0	0	3,330
WESTERN DIGITAL CORP	COM	958102105	1,611	17,459	SH		DFND		0	0	17,459
WESTLAKE CHEM CORP	COM	960413102	129	1,162	SH		DFND		0	0	1,162
WESTROCK CO	COM	96145D105	339	5,280	SH		DFND		0	0	5,280
WEX INC	COM	96208T104	92	588	SH		DFND		0	0	588
WHIRLPOOL CORP	COM	963320106	256	1,669	SH		DFND		0	0	1,669
WILEY JOHN & SONS INC	CL A	968223206	47	745	SH		DFND		0	0	745
WISDOMTREE TR	EUROPE HEDGED EQ	97717X701	31,933	509,134	SH		DFND		0	0	509,134
WISDOMTREE TR	INDIA ERNGS FD	97717W422	1,409	53,750	SH		DFND		0	0	53,750
WISDOMTREE TR	JAPN HEDGE EQT	97717W851	28,689	512,213	SH		DFND		0	0	512,213
WOODWARD INC	COM	980745103	111	1,553	SH		DFND		0	0	1,553
WORLD FUEL SVCS CORP	COM	981475106	108	4,414	SH		DFND		0	0	4,414
WORTHINGTON INDS INC	COM	981811102	46	1,069	SH		DFND		0	0	1,069
WPX ENERGY INC	COM	98212B103	32	2,141	SH		DFND		0	0	2,141
WYNDHAM WORLDWIDE CORP	COM	98310W108	262	2,288	SH		DFND		0	0	2,288
XEROX CORP	COM NEW	984121608	309	10,734	SH		DFND		0	0	10,734
YPF SOCIEDAD ANONIMA	SPON ADR CL D	984245100	508	23,500	SH		DFND		0	0	23,500