SPX Equities Gestao de Recursos Ltda 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

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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
ABB LTD SPONSORED ADR CMN	COM	000375204	3,402	144,200	SH		SOLE		144,200	0	0
ANHEUSERBUSCH INBEV SA SPONSORED ADR CMN	COM	03524A108	6,240	62,900	SH		SOLE		62,900	0	0
APACHE CORP CMN	COM	037411105	2,333	27,403	SH		SOLE		27,403	0	0
APPLE, INC CMN	COM	037833100	3,576	7,500	SH		SOLE		7,500	0	0
BANK OF AMERICA CORP CMN	COM	060505104	3,761	272,500	SH		SOLE		272,500	0	0
BHP BILLITON LIMITED SPONSORED ADR CMN	COM	088606108	3,045	45,795	SH		SOLE		45,795	0	0
CBS CORPORATION CMN CLASS B	COM	124857202	2,645	47,955	SH		SOLE		47,955	0	0
CH ROBINSON WORLDWIDE INC CMN	COM	12541W209	3,010	50,504	SH		SOLE		50,504	0	0
CVS CAREMARK CORPORATION CMN	COM	126650100	3,207	56,504	SH		SOLE		56,504	0	0
CAPITAL ONE FINANCIAL CORP CMN	COM	14040H105	3,031	44,100	SH		SOLE		44,100	0	0
CATERPILLAR INC (DELAWARE) CMN	COM	149123101	2,394	28,700	SH		SOLE		28,700	0	0
CHEVRON CORPORATION CMN	COM	166764100	1,434	11,800	SH		SOLE		11,800	0	0
CITIGROUP INC CMN	COM	172967424	5,176	106,700	SH		SOLE		106,700	0	0
CONOCOPHILLIPS CMN	COM	20825C104	2,433	35,000	SH		SOLE		35,000	0	0
CUMMINS INC COMMON STOCK	COM	231021106	2,684	20,200	SH		SOLE		20,200	0	0
DEERE COMPANY CMN	COM	244199105	1,734	21,300	SH		SOLE		21,300	0	0
DISCOVER FINANCIAL SERVICES CMN	COM	254709108	3,766	74,506	SH		SOLE		74,506	0	0
EMC CORPORATION MASS CMN	COM	268648102	4,013	157,000	SH		SOLE		157,000	0	0
EMERSON ELECTRIC CO CMN	COM	291011104	2,271	35,100	SH		SOLE		35,100	0	0
EXPEDITORS INTL WASH INC CMN	COM	302130109	2,291	52,000	SH		SOLE		52,000	0	0
FEDEX CORP CMN	COM	31428X106	3,047	26,700	SH		SOLE		26,700	0	0
FIRSTENERGY CORP CMN	COM	337932107	2,063	56,606	SH		SOLE		56,606	0	0
FLOWSERVE CORPORATION CMN	COM	34354P105	2,240	35,900	SH		SOLE		35,900	0	0
FREEPORTMCMORAN COPPER GOLD CMN	COM	35671D857	2,521	76,207	SH		SOLE		76,207	0	0
GOLDMAN SACHS GROUP, INC(THE) CMN	COM	38141G104	3,955	25,000	SH		SOLE		25,000	0	0
THE GOODYEAR TIRE RUBBER CO CMN	COM	382550101	2,569	114,419	SH		SOLE		114,419	0	0
PUTEWZ @ 48 EXP 10192013	PUT	464286400	1,210	10,000	SH		SOLE		10,000	0	0
ISHARES MSCI EAFE ETF	ETF	464287465	4,466	70,000	SH		SOLE		70,000	0	0
ISHARES TRUST ISHARES PHLX SEMICONDUCTOR ETF	ETF	464287523	2,147	32,208	SH		SOLE		32,208	0	0
ISHARES US INDUSTRIALS ETF	ETF	464287754	4,261	47,077	SH		SOLE		47,077	0	0
JPMORGAN CHASE CO CMN	COM	46625H100	11,077	214,300	SH		SOLE		214,300	0	0
JETBLUE AIRWAYS CORPORATION CMN	COM	477143101	4,759	714,000	SH		SOLE		714,000	0	0
LABORATORY CORPORATION OF AMERICA HOLDINGS CMN	COM	50540R409	2,320	23,402	SH		SOLE		23,402	0	0
MANITOWOC CO INC CMN	COM	563571108	1,581	80,800	SH		SOLE		80,800	0	0
MARATHON OIL CORPORATION CMN	COM	565849106	2,256	64,687	SH		SOLE		64,687	0	0
MORGAN STANLEY CMN	COM	617446448	5,552	206,000	SH		SOLE		206,000	0	0
THE MOSAIC COMPANY CMN	COM	61945C103	2,697	62,700	SH		SOLE		62,700	0	0
NAVISTAR INTL CORP (NEW) CMN	COM	63934E108	2,324	63,700	SH		SOLE		63,700	0	0
OSHKOSH CORPORATION CMN	COM	688239201	2,635	53,800	SH		SOLE		53,800	0	0
PARKERHANNIFIN CORP CMN	COM	701094104	1,979	18,200	SH		SOLE		18,200	0	0
PETROLEO BRASILEIRO SA PETROBRAS SPONSORED ADR CMN	COM	71654V408	2,241	144,688	SH		SOLE		144,688	0	0
ROCKWELL AUTOMATION INC CMN	COM	773903109	2,171	20,300	SH		SOLE		20,300	0	0
SPX CORPORATION CMN	COM	784635104	2,091	24,700	SH		SOLE		24,700	0	0
AMEX HEALTH CARE SELECT SECTOR 'SPDR' FUND	ETF	81369Y209	2,444	48,305	SH		SOLE		48,305	0	0
AMEX CONSUMER STAPLES SELECT FUND 'SPDR'	ETF	81369Y308	2,217	55,706	SH		SOLE		55,706	0	0
THE FINANCIAL SELECT SECTOR SPDR FUND	ETF	81369Y605	38,312	1,924,728	SH		SOLE		1,924,728	0	0
INDUSTRIAL SELECT SECTOR SPDR 'SPDR'	ETF	81369Y704	31,078	669,718	SH		SOLE		669,718	0	0
SIEMENS AKTIENGESELLSCHAFT SPONSORED ADR CMN	COM	826197501	1,277	10,600	SH		SOLE		10,600	0	0
SOUTHWEST AIRLINES CO CMN	COM	844741108	3,391	232,921	SH		SOLE		232,921	0	0
TEREX CORP (NEW) CMN	COM	880779103	1,347	40,100	SH		SOLE		40,100	0	0
TIMKEN CO CMN	COM	887389104	3,105	51,400	SH		SOLE		51,400	0	0
UNITED RENTALS, INC CMN	COM	911363109	2,184	37,460	SH		SOLE		37,460	0	0
WALGREEN CO CMN	COM	931422109	1,313	24,400	SH		SOLE		24,400	0	0
WESCO INTERNATIONAL INC CMN	COM	95082P105	2,013	26,300	SH		SOLE		26,300	0	0
COSAN LIMITED CMN CLASS A	COM	G25343107	53,243	3,464,074	SH		SOLE		3,464,074	0	0
SEADRILL LTD CMN	COM	G7945E105	2,768	61,400	SH		SOLE		61,400	0	0
ISH MSI EAFE ETF	ETF	464287465	20,097	315,000	SH		SOLE		315,000	0	0
INDUSTRIAL SELECT SECT SPDR	ETF	81369Y704	9,167	197,552	SH		SOLE		197,552	0	0
TEREX CORP NEW COM STK	COM	880779103	1,512	45,000	SH		SOLE		45,000	0	0
COMPANHIA SIDERURGICA NACIONAL ADR	ADR	20440W105	2,714	634,867	SH		SOLE		634,867	0	0
LORILLARD INC	COM	544147101	4,057	90,600	SH		SOLE		90,600	0	0
HOME DEPOT INC COM STK	COM	437076102	2,492	32,850	SH		SOLE		32,850	0	0