Bienville Capital Management 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
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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
3M CO	COM	88579Y101	309	2,000	SH		DFND		0	0	2,000
ABBVIE INC	COM	00287Y109	437	6,500	SH		DFND		0	0	6,500
ADECOAGRO S A	COM	L00849106	3,256	353,103	SH		DFND		0	0	353,103
ADECOAGRO S A	COM	L00849106	24,148	2,619,092	SH		SOLE		2,619,092	0	0
ADECOAGRO S A	COM	L00849106	1,383	150,000	SH	Call	SOLE		150,000	0	0
AFLAC INC	COM	001055102	402	6,467	SH		DFND		0	0	6,467
ALBEMARLE CORP	COM	012653101	221	4,000	SH		DFND		0	0	4,000
ALLERGAN PLC	SHS	G0177J108	390	1,284	SH		DFND		0	0	1,284
ALTRIA GROUP INC	COM	02209S103	269	5,508	SH		DFND		0	0	5,508
ANHEUSER BUSCH INBEV SA/NV	SPONSORED ADR	03524A108	244	2,020	SH		DFND		0	0	2,020
APPLE INC	COM	037833100	2,256	17,985	SH		DFND		0	0	17,985
ARCOS DORADOS HOLDINGS INC	SHS CLASS -A -	G0457F107	3,383	643,150	SH		SOLE		643,150	0	0
ARCOS DORADOS HOLDINGS INC	SHS CLASS -A -	G0457F107	526	100,000	SH	Call	SOLE		100,000	0	0
BANCO MACRO SA	SPON ADR B	05961W105	3,308	72,540	SH		SOLE		72,540	0	0
BANCO MACRO SA	SPON ADR B	05961W105	4,104	90,000	SH	Call	SOLE		90,000	0	0
BBVA BANCO FRANCES S A	SPONSORED ADR	07329M100	5,308	334,271	SH		SOLE		334,271	0	0
BIOGEN INC	COM	09062X103	265	655	SH		DFND		0	0	655
BROOKFIELD ASSET MGMT INC	CL A LTD VT SH	112585104	314	9,000	SH		DFND		0	0	9,000
CARDINAL HEALTH INC	COM	14149Y108	335	3,999	SH		DFND		0	0	3,999
COCA COLA CO	COM	191216100	322	8,200	SH		DFND		0	0	8,200
CRESUD S A C I F Y A	SPONSORED ADR	226406106	5,405	415,112	SH		SOLE		415,112	0	0
DANAHER CORP DEL	COM	235851102	214	2,500	SH		DFND		0	0	2,500
DISNEY WALT CO	COM DISNEY	254687106	571	5,000	SH		DFND		0	0	5,000
ECO STIM ENERGY SOLUTIONS IN	COM	27888D101	1,230	206,426	SH		SOLE		206,426	0	0
EMERSON ELEC CO	COM	291011104	339	6,115	SH		DFND		0	0	6,115
EMPRESA DIST Y COMERCIAL NOR	SPON ADR	29244A102	3,192	246,840	SH		SOLE		246,840	0	0
EXTREME NETWORKS INC	COM	30226D106	27	10,000	SH		DFND		0	0	10,000
EXXON MOBIL CORP	COM	30231G102	574	6,900	SH		DFND		0	0	6,900
FACEBOOK INC	CL A	30303M102	219	2,556	SH		DFND		0	0	2,556
GENERAL MLS INC	COM	370334104	252	4,530	SH		DFND		0	0	4,530
GEOPARK LTD	USD SHS	G38327105	1,925	407,786	SH		SOLE		407,786	0	0
GLAXOSMITHKLINE PLC	SPONSORED ADR	37733W105	299	7,168	SH		DFND		0	0	7,168
GLOBALSTAR INC	COM	378973408	49	23,000	SH		DFND		0	0	23,000
GRUPO FINANCIERO GALICIA S A	SP ADR 10 SH B	399909100	2,193	116,733	SH		SOLE		116,733	0	0
GRUPO FINANCIERO GALICIA S A	SP ADR 10 SH B	399909100	1,879	100,000	SH	Call	SOLE		100,000	0	0
HOME DEPOT INC	COM	437076102	489	4,400	SH		DFND		0	0	4,400
INGERSOLL-RAND PLC	SHS	G47791101	202	3,000	SH		DFND		0	0	3,000
INTEL CORP	COM	458140100	350	11,500	SH		DFND		0	0	11,500
IRSA INVERSIONES Y REP S A	GLOBL DEP RCPT	450047204	9,803	546,141	SH		SOLE		546,141	0	0
IRSA INVERSIONES Y REP S A	GLOBL DEP RCPT	450047204	152	8,495	SH		DFND		0	0	8,495
IRSA PROPIEDADES COMERCIALES	SPONSORED ADR	463588103	750	24,574	SH		SOLE		24,574	0	0
ISHARES	MSCI GERMANY ETF	464286806	2,230	80,000	SH	Call	SOLE		80,000	0	0
ISHARES TR	HDG MSCI GERMN	46434V704	10,549	404,344	SH		DFND		0	0	404,344
ISHARES TR	HDG MSCI GERMN	46434V704	312	11,940	SH		SOLE		11,940	0	0
JOHNSON & JOHNSON	COM	478160104	392	4,025	SH		DFND		0	0	4,025
LOCKHEED MARTIN CORP	COM	539830109	297	1,600	SH		DFND		0	0	1,600
MARKET VECTORS ETF TR	VIETNAM ETF	57060U761	297	15,950	SH		SOLE		15,950	0	0
MARKET VECTORS ETF TR	AGRIBUS ETF	57060U605	248	4,500	SH		DFND		0	0	4,500
MCDONALDS CORP	COM	580135101	285	3,000	SH		DFND		0	0	3,000
MID-AMER APT CMNTYS INC	COM	59522J103	409	5,623	SH		DFND		0	0	5,623
NIKE INC	CL B	654106103	216	2,000	SH		DFND		0	0	2,000
NORFOLK SOUTHERN CORP	COM	655844108	793	9,075	SH		DFND		0	0	9,075
NUCOR CORP	COM	670346105	418	9,491	SH		DFND		0	0	9,491
PAMPA ENERGIA S A	SPONS ADR LVL I	697660207	3,620	262,116	SH		DFND		0	0	262,116
PAMPA ENERGIA S A	SPONS ADR LVL I	697660207	22,480	1,627,780	SH		SOLE		1,627,780	0	0
PAN AMERICAN SILVER CORP	COM	697900108	558	65,000	SH		SOLE		65,000	0	0
PETROBRAS ARGENTINA S A	SPONS ADR	71646J109	2,452	367,670	SH		DFND		0	0	367,670
PETROBRAS ARGENTINA S A	SPONS ADR	71646J109	14,840	2,224,826	SH		SOLE		2,224,826	0	0
PETROBRAS ARGENTINA S A	SPONS ADR	71646J109	1,001	150,000	SH	Call	SOLE		150,000	0	0
PHILIP MORRIS INTL INC	COM	718172109	248	3,095	SH		DFND		0	0	3,095
POWERSHARES ETF TRUST	INTL DIV ACHV	73935X716	434	25,384	SH		DFND		0	0	25,384
PROCTER & GAMBLE CO	COM	742718109	602	7,700	SH		DFND		0	0	7,700
PROSHARES TR	PSHS LC COR PLUS	74347R248	288	5,800	SH		DFND		0	0	5,800
Q2 HLDGS INC	COM	74736L109	223	7,910	SH		DFND		0	0	7,910
QUANTUM CORP	COM DSSG	747906204	28	16,960	SH		DFND		0	0	16,960
QUINSTREET INC	COM	74874Q100	87	13,525	SH		DFND		0	0	13,525
RAYTHEON CO	COM NEW	755111507	226	2,363	SH		DFND		0	0	2,363
REGIONS FINL CORP NEW	COM	7591EP100	236	22,802	SH		DFND		0	0	22,802
SCHLUMBERGER LTD	COM	806857108	259	3,000	SH		DFND		0	0	3,000
SOUTHERN CO	COM	842587107	272	6,488	SH		DFND		0	0	6,488
SPDR INDEX SHS FDS	EURO STOXX 50	78463X202	305	8,150	SH		SOLE		8,150	0	0
SPDR S&P 500 ETF TR	TR UNIT	78462F103	1,999	9,712	SH		DFND		0	0	9,712
STERICYCLE INC	COM	858912108	268	2,000	SH		DFND		0	0	2,000
TELECOM ARGENTINA S A	SPON ADR REP B	879273209	2,729	151,686	SH		DFND		0	0	151,686
TELECOM ARGENTINA S A	SPON ADR REP B	879273209	18,903	1,050,730	SH		SOLE		1,050,730	0	0
TELECOM ARGENTINA S A	SPON ADR REP B	879273209	450	25,000	SH	Call	SOLE		25,000	0	0
TENARIS S A	SPONSORED ADR	88031M109	2,905	107,500	SH		SOLE		107,500	0	0
TENARIS S A	SPONSORED ADR	88031M109	2,027	75,000	SH	Call	SOLE		75,000	0	0
TERNIUM SA	SPON ADR	880890108	7,869	454,583	SH		SOLE		454,583	0	0
TERNIUM SA	SPON ADR	880890108	1,039	60,000	SH	Call	SOLE		60,000	0	0
TESLA MTRS INC	COM	88160R101	610	2,274	SH		DFND		0	0	2,274
TORCHMARK CORP	COM	891027104	6,587	113,138	SH		DFND		0	0	113,138
TRANSPORTADORA DE GAS SUR	SPON ADR B	893870204	17,284	3,823,818	SH		SOLE		3,823,818	0	0
TRANSPORTADORA DE GAS SUR	SPON ADR B	893870204	8	1,750	SH		DFND		0	0	1,750
UNITEDHEALTH GROUP INC	COM	91324P102	345	2,824	SH		DFND		0	0	2,824
VANGUARD SPECIALIZED PORTFOL	DIV APP ETF	921908844	416	5,290	SH		DFND		0	0	5,290
WALGREENS BOOTS ALLIANCE INC	COM	931427108	338	4,000	SH		DFND		0	0	4,000
WASTE MGMT INC DEL	COM	94106L109	232	5,000	SH		DFND		0	0	5,000
WISDOMTREE TR	JAPN HEDGE EQT	97717W851	13,937	243,662	SH		DFND		0	0	243,662
WISDOMTREE TR	JAPN HEDGE EQT	97717W851	352	6,150	SH		SOLE		6,150	0	0
YPF SOCIEDAD ANONIMA	SPON ADR CL D	984245100	17,044	621,360	SH		SOLE		621,360	0	0
YPF SOCIEDAD ANONIMA	SPON ADR CL D	984245100	6,676	243,399	SH		DFND		0	0	243,399