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 |
ALCOA CORP | COMMON STOCK | 013872106 | 620 | 13,792 | SH | | SOLE | | 13,792 | 0 | 0 |
ARCH CAPITAL GROUP LTD | COMMON STOCK | G0450A105 | 5,518 | 64,469 | SH | | SOLE | | 64,469 | 0 | 0 |
ALLIANCE DATA SYSTEMS CORP | COMMON STOCK | 018581108 | 12,047 | 56,596 | SH | | SOLE | | 56,596 | 0 | 0 |
ADECOAGRO SA | COMMON STOCK | L00849106 | 610 | 81,100 | SH | | SOLE | | 81,100 | 0 | 0 |
AMAZON.COM INC | COMMON STOCK | 023135106 | 7,286 | 5,034 | SH | | SOLE | | 5,034 | 0 | 0 |
ANDEAVOR | COMMON STOCK | 03349M105 | 423 | 4,203 | SH | | SOLE | | 4,203 | 0 | 0 |
ANTHEM INC | COMMON STOCK | 036752103 | 11,714 | 53,319 | SH | | SOLE | | 53,319 | 0 | 0 |
APACHE CORP | COMMON STOCK | 037411105 | 211 | 5,480 | SH | | SOLE | | 5,480 | 0 | 0 |
ANTERO RESOURCES CORP | COMMON STOCK | 03674X106 | 7,386 | 372,101 | SH | | SOLE | | 372,101 | 0 | 0 |
GLOBAL X MSCI ARGENTINA ETF | MUTUAL FUND | 37950E259 | 8,742 | 245,000 | SH | | SOLE | | 245,000 | 0 | 0 |
AIR TRANSPORT SERVICES GROUP | COMMON STOCK | 00922R105 | 1,012 | 43,400 | SH | | SOLE | | 43,400 | 0 | 0 |
BROOKFIELD ASSET MANAGE-CL A | COMMON STOCK | 112585104 | 5,271 | 135,155 | SH | | SOLE | | 135,155 | 0 | 0 |
BASIC ENERGY SERVICES INC | COMMON STOCK | 06985P209 | 830 | 57,471 | SH | | SOLE | | 57,471 | 0 | 0 |
BONANZA CREEK ENERGY INC | COMMON STOCK | 097793400 | 1,403 | 50,625 | SH | | SOLE | | 50,625 | 0 | 0 |
FRANKLIN RESOURCES INC | COMMON STOCK | 354613101 | 280 | 8,069 | SH | | SOLE | | 8,069 | 0 | 0 |
BAIDU INC - SPON ADR | DEPOSITARY RECEIPT | 056752108 | 5,610 | 25,135 | SH | | SOLE | | 25,135 | 0 | 0 |
BALL CORP | COMMON STOCK | 058498106 | 402 | 10,128 | SH | | SOLE | | 10,128 | 0 | 0 |
BANCO MACRO SA-ADR | DEPOSITARY RECEIPT | 05961W105 | 561 | 5,200 | SH | | SOLE | | 5,200 | 0 | 0 |
BERKSHIRE HATHAWAY INC-CL B | COMMON STOCK | 084670702 | 12,982 | 65,077 | SH | | SOLE | | 65,077 | 0 | 0 |
ANHEUSER-BUSCH INBEV-SPN ADR | DEPOSITARY RECEIPT | 03524A108 | 12,353 | 112,361 | SH | | SOLE | | 112,361 | 0 | 0 |
C&J ENERGY SERVICES INC | COMMON STOCK | 12674R100 | 1,091 | 42,256 | SH | | SOLE | | 42,256 | 0 | 0 |
CONTINENTAL RESOURCES INC/OK | COMMON STOCK | 212015101 | 464 | 7,877 | SH | | SOLE | | 7,877 | 0 | 0 |
CANADIAN PACIFIC RAILWAY LTD | COMMON STOCK | 13645T100 | 5,608 | 31,771 | SH | | SOLE | | 31,771 | 0 | 0 |
CRESUD S.A.-SPONS ADR | DEPOSITARY RECEIPT | 226406106 | 809 | 40,138 | SH | | SOLE | | 40,138 | 0 | 0 |
CISCO SYSTEMS INC | COMMON STOCK | 17275R102 | 5,128 | 119,559 | SH | | SOLE | | 119,559 | 0 | 0 |
DELTA AIR LINES INC | COMMON STOCK | 247361702 | 570 | 10,402 | SH | | SOLE | | 10,402 | 0 | 0 |
DIAGEO PLC-SPONSORED ADR | DEPOSITARY RECEIPT | 25243Q205 | 5,612 | 41,441 | SH | | SOLE | | 41,441 | 0 | 0 |
DESPEGAR.COM CORP | COMMON STOCK | G27358103 | 625 | 20,000 | SH | | SOLE | | 20,000 | 0 | 0 |
DEVON ENERGY CORP | COMMON STOCK | 25179M103 | 484 | 15,229 | SH | | SOLE | | 15,229 | 0 | 0 |
DOWDUPONT INC | COMMON STOCK | 26078J100 | 273 | 4,280 | SH | | SOLE | | 4,280 | 0 | 0 |
ENCANA CORP | COMMON STOCK | 292505104 | 12,054 | 1,095,817 | SH | | SOLE | | 1,095,817 | 0 | 0 |
ENBRIDGE ENERGY MANAGEMENT L | COMMON STOCK | 29250X103 | 483 | 52,878 | SH | | SOLE | | 52,878 | 0 | 0 |
ENLINK MIDSTREAM LLC | COMMON STOCK | 29336T100 | 481 | 32,845 | SH | | SOLE | | 32,845 | 0 | 0 |
EOG RESOURCES INC | COMMON STOCK | 26875P101 | 559 | 5,309 | SH | | SOLE | | 5,309 | 0 | 0 |
ENTERPRISE PRODUCTS PARTNERS | PARTNERSHIP SHARES | 293792107 | 479 | 19,552 | SH | | SOLE | | 19,552 | 0 | 0 |
ISHARES MSCI POLAND ETF | MUTUAL FUND | 46429B606 | 7,329 | 292,000 | SH | | SOLE | | 292,000 | 0 | 0 |
ISHARES MSCI PERU ETF | MUTUAL FUND | 464289842 | 9,663 | 227,000 | SH | | SOLE | | 227,000 | 0 | 0 |
ISHARES MSCI RUSSIA ETF | MUTUAL FUND | 46434G798 | 4,728 | 129,759 | SH | | SOLE | | 129,759 | 0 | 0 |
ENERGY TRANSFER EQUITY LP | PARTNERSHIP SHARES | 29273V100 | 472 | 33,185 | SH | | SOLE | | 33,185 | 0 | 0 |
ISHARES MSCI ITALY ETF | MUTUAL FUND | 46434G830 | 5,967 | 185,601 | SH | | SOLE | | 185,601 | 0 | 0 |
ISHARES MSCI AUSTRIA ETF | MUTUAL FUND | 464286202 | 9,206 | 363,000 | SH | | SOLE | | 363,000 | 0 | 0 |
ISHARES MSCI BRAZIL ETF | MUTUAL FUND | 464286400 | 9,447 | 210,500 | SH | | SOLE | | 210,500 | 0 | 0 |
FORD MOTOR CO | COMMON STOCK | 345370860 | 646 | 58,280 | SH | | SOLE | | 58,280 | 0 | 0 |
FACEBOOK INC-A | COMMON STOCK | 30303M102 | 14,734 | 92,206 | SH | | SOLE | | 92,206 | 0 | 0 |
FIBRIA CELULOSE SA-SPON ADR | DEPOSITARY RECEIPT | 31573A109 | 543 | 27,841 | SH | | SOLE | | 27,841 | 0 | 0 |
FREEPORT-MCMORAN INC | COMMON STOCK | 35671D857 | 952 | 54,169 | SH | | SOLE | | 54,169 | 0 | 0 |
FANNIE MAE | COMMON STOCK | 313586109 | 1,036 | 735,000 | SH | | SOLE | | 735,000 | 0 | 0 |
TWENTY-FIRST CENTURY FOX-A | COMMON STOCK | 90130A101 | 18,189 | 495,743 | SH | | SOLE | | 495,743 | 0 | 0 |
FORTRESS TRANSPORTATION & IN | PARTNERSHIP SHARES | 34960P101 | 12,780 | 801,236 | SH | | SOLE | | 801,236 | 0 | 0 |
LIBERTY MEDIA CORP-LIBERTY-C | COMMON STOCK | 531229854 | 3,888 | 126,043 | SH | | SOLE | | 126,043 | 0 | 0 |
GOODRICH PETROLEUM CORP | COMMON STOCK | 382410843 | 1,371 | 124,959 | SH | | SOLE | | 124,959 | 0 | 0 |
GENESIS ENERGY L.P. | PARTNERSHIP SHARES | 371927104 | 473 | 24,000 | SH | | SOLE | | 24,000 | 0 | 0 |
GILEAD SCIENCES INC | COMMON STOCK | 375558103 | 1,040 | 13,797 | SH | | SOLE | | 13,797 | 0 | 0 |
GENERAL MOTORS CO | COMMON STOCK | 37045V100 | 748 | 20,590 | SH | | SOLE | | 20,590 | 0 | 0 |
ALPHABET INC-CL A | COMMON STOCK | 02079K305 | 35,707 | 34,428 | SH | | SOLE | | 34,428 | 0 | 0 |
GAP INC/THE | COMMON STOCK | 364760108 | 298 | 9,558 | SH | | SOLE | | 9,558 | 0 | 0 |
GLOBAL X MSCI GREECE ETF | MUTUAL FUND | 37950E366 | 9,924 | 1,023,047 | SH | | SOLE | | 1,023,047 | 0 | 0 |
GLOBAL X MSCI COLOMBIA ETF | MUTUAL FUND | 37950E200 | 6,686 | 638,000 | SH | | SOLE | | 638,000 | 0 | 0 |
HALLIBURTON CO | COMMON STOCK | 406216101 | 437 | 9,305 | SH | | SOLE | | 9,305 | 0 | 0 |
HCA HEALTHCARE INC | COMMON STOCK | 40412C101 | 7,965 | 82,110 | SH | | SOLE | | 82,110 | 0 | 0 |
HESS CORP | COMMON STOCK | 42809H107 | 378 | 7,458 | SH | | SOLE | | 7,458 | 0 | 0 |
HUMANA INC | COMMON STOCK | 444859102 | 542 | 2,016 | SH | | SOLE | | 2,016 | 0 | 0 |
HORIZON PHARMA PLC | COMMON STOCK | G4617B105 | 1,447 | 101,900 | SH | | SOLE | | 101,900 | 0 | 0 |
JOHNSON & JOHNSON | COMMON STOCK | 478160104 | 9,468 | 73,885 | SH | | SOLE | | 73,885 | 0 | 0 |
JPMORGAN CHASE & CO | COMMON STOCK | 46625H100 | 6,064 | 55,140 | SH | | SOLE | | 55,140 | 0 | 0 |
KINDER MORGAN INC | COMMON STOCK | 49456B101 | 471 | 31,245 | SH | | SOLE | | 31,245 | 0 | 0 |
COCA-COLA CO/THE | COMMON STOCK | 191216100 | 5,091 | 117,225 | SH | | SOLE | | 117,225 | 0 | 0 |
KROGER CO | COMMON STOCK | 501044101 | 309 | 12,902 | SH | | SOLE | | 12,902 | 0 | 0 |
ISHARES MSCI SAUDI ARABIA ET | MUTUAL FUND | 46434V423 | 2,050 | 70,000 | SH | | SOLE | | 70,000 | 0 | 0 |
LADDER CAPITAL CORP-REIT | REIT | 505743104 | 2,036 | 135,000 | SH | | SOLE | | 135,000 | 0 | 0 |
LIBERTY GLOBAL PLC- C | COMMON STOCK | G5480U120 | 7,719 | 253,667 | SH | | SOLE | | 253,667 | 0 | 0 |
CHENIERE ENERGY INC | COMMON STOCK | 16411R208 | 493 | 9,231 | SH | | SOLE | | 9,231 | 0 | 0 |
LINN ENERGY INC | COMMON STOCK | 53601P304 | 1,349 | 35,088 | SH | | SOLE | | 35,088 | 0 | 0 |
LOMA NEGRA CIA IND-SPON ADR | DEPOSITARY RECEIPT | 54150E104 | 640 | 30,000 | SH | | SOLE | | 30,000 | 0 | 0 |
SOUTHWEST AIRLINES CO | COMMON STOCK | 844741108 | 517 | 9,023 | SH | | SOLE | | 9,023 | 0 | 0 |
LYONDELLBASELL INDU-CL A | COMMON STOCK | N53745100 | 319 | 3,021 | SH | | SOLE | | 3,021 | 0 | 0 |
MASTERCARD INC - A | COMMON STOCK | 57636Q104 | 5,473 | 31,243 | SH | | SOLE | | 31,243 | 0 | 0 |
MCKESSON CORP | COMMON STOCK | 58155Q103 | 424 | 3,007 | SH | | SOLE | | 3,007 | 0 | 0 |
MGM HOLDINGS INC-VTG A | COMMON STOCK | 55303C101 | 1,060 | 10,000 | SH | | SOLE | | 10,000 | 0 | 0 |
MIDSTATES PETROLEUM CO INC | COMMON STOCK | 59804T407 | 1,056 | 79,218 | SH | | SOLE | | 79,218 | 0 | 0 |
MICROSOFT CORP | COMMON STOCK | 594918104 | 9,222 | 101,042 | SH | | SOLE | | 101,042 | 0 | 0 |
MICRON TECHNOLOGY INC | COMMON STOCK | 595112103 | 1,003 | 19,246 | SH | | SOLE | | 19,246 | 0 | 0 |
MYLAN NV | COMMON STOCK | N59465109 | 560 | 13,600 | SH | | SOLE | | 13,600 | 0 | 0 |
NEXTERA ENERGY INC | COMMON STOCK | 65339F101 | 417 | 2,555 | SH | | SOLE | | 2,555 | 0 | 0 |
NETFLIX INC | COMMON STOCK | 64110L106 | 7,609 | 25,763 | SH | | SOLE | | 25,763 | 0 | 0 |
NEWPARK RESOURCES INC | COMMON STOCK | 651718504 | 229 | 28,235 | SH | | SOLE | | 28,235 | 0 | 0 |
NUCOR CORP | COMMON STOCK | 670346105 | 358 | 5,857 | SH | | SOLE | | 5,857 | 0 | 0 |
NOVARTIS AG-SPONSORED ADR | DEPOSITARY RECEIPT | 66987V109 | 6,060 | 74,957 | SH | | SOLE | | 74,957 | 0 | 0 |
ONEOK INC | COMMON STOCK | 682680103 | 475 | 8,348 | SH | | SOLE | | 8,348 | 0 | 0 |
ORACLE CORP | COMMON STOCK | 68389X105 | 4,438 | 97,011 | SH | | SOLE | | 97,011 | 0 | 0 |
OCCIDENTAL PETROLEUM CORP | COMMON STOCK | 674599105 | 666 | 10,253 | SH | | SOLE | | 10,253 | 0 | 0 |
PLAINS GP HOLDINGS LP-CL A | COMMON STOCK | 72651A207 | 479 | 22,012 | SH | | SOLE | | 22,012 | 0 | 0 |
PAMPA ENERGIA SA-SPON ADR | DEPOSITARY RECEIPT | 697660207 | 760 | 12,760 | SH | | SOLE | | 12,760 | 0 | 0 |
PETROLEO BRASIL-SP PREF ADR | DEPOSITARY RECEIPT | 71654V101 | 758 | 58,353 | SH | | SOLE | | 58,353 | 0 | 0 |
PACCAR INC | COMMON STOCK | 693718108 | 340 | 5,140 | SH | | SOLE | | 5,140 | 0 | 0 |
P G & E CORP | COMMON STOCK | 69331C108 | 325 | 7,401 | SH | | SOLE | | 7,401 | 0 | 0 |
PARSLEY ENERGY INC-CLASS A | COMMON STOCK | 701877102 | 5,728 | 197,602 | SH | | SOLE | | 197,602 | 0 | 0 |
PEPSICO INC | COMMON STOCK | 713448108 | 8,067 | 73,907 | SH | | SOLE | | 73,907 | 0 | 0 |
PROCTER & GAMBLE CO/THE | COMMON STOCK | 742718109 | 10,737 | 135,431 | SH | | SOLE | | 135,431 | 0 | 0 |
GLOBAL X MSCI PORTUGAL ETF | MUTUAL FUND | 37950E192 | 6,069 | 495,000 | SH | | SOLE | | 495,000 | 0 | 0 |
PACKAGING CORP OF AMERICA | COMMON STOCK | 695156109 | 662 | 5,870 | SH | | SOLE | | 5,870 | 0 | 0 |
RITE AID CORP | COMMON STOCK | 767754104 | 27 | 15,839 | SH | | SOLE | | 15,839 | 0 | 0 |
RAYMOND JAMES FINANCIAL INC | COMMON STOCK | 754730109 | 7,947 | 88,883 | SH | | SOLE | | 88,883 | 0 | 0 |
VANECK VECTORS RUSSIA ETF | MUTUAL FUND | 92189F403 | 3,141 | 138,146 | SH | | SOLE | | 138,146 | 0 | 0 |
SPRINT CORP | COMMON STOCK | 85207U105 | 288 | 59,028 | SH | | SOLE | | 59,028 | 0 | 0 |
SCHWAB (CHARLES) CORP | COMMON STOCK | 808513105 | 10,553 | 202,086 | SH | | SOLE | | 202,086 | 0 | 0 |
SANDRIDGE ENERGY INC | COMMON STOCK | 80007P869 | 1,020 | 70,329 | SH | | SOLE | | 70,329 | 0 | 0 |
SEMGROUP CORP-CLASS A | COMMON STOCK | 81663A105 | 469 | 21,922 | SH | | SOLE | | 21,922 | 0 | 0 |
SHELL MIDSTREAM PARTNERS LP | PARTNERSHIP SHARES | 822634101 | 479 | 22,733 | SH | | SOLE | | 22,733 | 0 | 0 |
STEEL DYNAMICS INC | COMMON STOCK | 858119100 | 342 | 7,744 | SH | | SOLE | | 7,744 | 0 | 0 |
GRUPO SUPERVIELLE SA-SP ADR | DEPOSITARY RECEIPT | 40054A108 | 789 | 26,000 | SH | | SOLE | | 26,000 | 0 | 0 |
TALLGRASS ENERGY GP LP | COMMON STOCK | 874696107 | 512 | 26,927 | SH | | SOLE | | 26,927 | 0 | 0 |
TE CONNECTIVITY LTD | COMMON STOCK | H84989104 | 3,546 | 35,494 | SH | | SOLE | | 35,494 | 0 | 0 |
TARGET CORP | COMMON STOCK | 87612E106 | 558 | 8,041 | SH | | SOLE | | 8,041 | 0 | 0 |
TJX COMPANIES INC | COMMON STOCK | 872540109 | 5,460 | 66,943 | SH | | SOLE | | 66,943 | 0 | 0 |
T-MOBILE US INC | COMMON STOCK | 872590104 | 764 | 12,520 | SH | | SOLE | | 12,520 | 0 | 0 |
TOTAL SA-SPON ADR | DEPOSITARY RECEIPT | 89151E109 | 5,730 | 99,318 | SH | | SOLE | | 99,318 | 0 | 0 |
TARGA RESOURCES CORP | COMMON STOCK | 87612G101 | 452 | 10,276 | SH | | SOLE | | 10,276 | 0 | 0 |
TRANSCANADA CORP | COMMON STOCK | 89353D107 | 484 | 11,708 | SH | | SOLE | | 11,708 | 0 | 0 |
UNITED CONTINENTAL HOLDINGS | COMMON STOCK | 910047109 | 309 | 4,447 | SH | | SOLE | | 4,447 | 0 | 0 |
ULTRA PETROLEUM CORP | COMMON STOCK | 903914208 | 1,506 | 361,107 | SH | | SOLE | | 361,107 | 0 | 0 |
UNITED TECHNOLOGIES CORP | COMMON STOCK | 913017109 | 5,336 | 42,409 | SH | | SOLE | | 42,409 | 0 | 0 |
VISA INC-CLASS A SHARES | COMMON STOCK | 92826C839 | 9,187 | 76,802 | SH | | SOLE | | 76,802 | 0 | 0 |
VALE SA-SP ADR | DEPOSITARY RECEIPT | 91912E105 | 946 | 74,409 | SH | | SOLE | | 74,409 | 0 | 0 |
VANGUARD FTSE DEVELOPED ETF | MUTUAL FUND | 921943858 | 80,895 | 1,828,129 | SH | | SOLE | | 1,828,129 | 0 | 0 |
TELEFONICA BRASIL-ADR | DEPOSITARY RECEIPT | 87936R106 | 1,248 | 81,253 | SH | | SOLE | | 81,253 | 0 | 0 |
VALERO ENERGY CORP | COMMON STOCK | 91913Y100 | 547 | 5,897 | SH | | SOLE | | 5,897 | 0 | 0 |
VULCAN MATERIALS CO | COMMON STOCK | 929160109 | 405 | 3,545 | SH | | SOLE | | 3,545 | 0 | 0 |
VANGUARD FTSE EMERGING MARKE | MUTUAL FUND | 922042858 | 125,681 | 2,675,200 | SH | | SOLE | | 2,675,200 | 0 | 0 |
VERIZON COMMUNICATIONS INC | COMMON STOCK | 92343V104 | 1,096 | 22,925 | SH | | SOLE | | 22,925 | 0 | 0 |
WESTERN DIGITAL CORP | COMMON STOCK | 958102105 | 417 | 4,520 | SH | | SOLE | | 4,520 | 0 | 0 |
WELLS FARGO & CO | COMMON STOCK | 949746101 | 6,903 | 131,721 | SH | | SOLE | | 131,721 | 0 | 0 |
WILLIAMS COS INC | COMMON STOCK | 969457100 | 456 | 18,339 | SH | | SOLE | | 18,339 | 0 | 0 |
SPDR S&P OIL & GAS EXP & PR | MUTUAL FUND | 78464A730 | 4,588 | 130,268 | SH | | SOLE | | 130,268 | 0 | 0 |
DENTSPLY SIRONA INC | COMMON STOCK | 24906P109 | 11,599 | 230,554 | SH | | SOLE | | 230,554 | 0 | 0 |
YPF S.A.-SPONSORED ADR | DEPOSITARY RECEIPT | 984245100 | 809 | 37,400 | SH | | SOLE | | 37,400 | 0 | 0 |