The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it 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 |
| 3M CO | COM | 88579Y101 | 333 | 2,000 | SH | DFND | 0 | 0 | 2,000 | ||
| ABBVIE INC | COM | 00287Y109 | 371 | 6,500 | SH | DFND | 0 | 0 | 6,500 | ||
| ADECOAGRO S A | COM | L00849106 | 4,622 | 400,160 | SH | DFND | 0 | 0 | 400,160 | ||
| ADECOAGRO S A | COM | L00849106 | 39,205 | 3,394,409 | SH | SOLE | 3,394,409 | 0 | 0 | ||
| AFLAC INC | COM | 001055102 | 410 | 6,489 | SH | DFND | 0 | 0 | 6,489 | ||
| Albemarle Corp | COM | 012653101 | 257 | 4,000 | SH | DFND | 0 | 0 | 4,000 | ||
| ALLERGAN PLC | SHS | G0177J108 | 333 | 1,241 | SH | DFND | 0 | 0 | 1,241 | ||
| ALTRIA GROUP INC | COM | 02209S103 | 348 | 5,508 | SH | DFND | 0 | 0 | 5,508 | ||
| ANHEUSER BUSCH INBEV SA/NV | SPONSORED ADR | 03524A108 | 252 | 2,020 | SH | DFND | 0 | 0 | 2,020 | ||
| Apple Inc | COM | 037833100 | 1,278 | 11,727 | SH | DFND | 0 | 0 | 11,727 | ||
| ARCOS DORADOS HOLDINGS INC | SHS CLASS -A - | G0457F107 | 2,438 | 650,120 | SH | SOLE | 650,120 | 0 | 0 | ||
| BANCO MACRO SA | SPON ADR B | 05961W105 | 2 | 33 | SH | DFND | 0 | 0 | 33 | ||
| BANCO MACRO SA | SPON ADR B | 05961W105 | 14,068 | 218,209 | SH | SOLE | 218,209 | 0 | 0 | ||
| BBVA BANCO FRANCES S A | SPONSORED ADR | 07329M100 | 9,090 | 455,205 | SH | SOLE | 455,205 | 0 | 0 | ||
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 | 752 | 5,300 | SH | DFND | 0 | 0 | 5,300 | ||
| BROADCOM LTD | SHS | Y09827109 | 230 | 1,489 | SH | DFND | 0 | 0 | 1,489 | ||
| BROOKFIELD ASSET MGMT INC | CL A LTD VT SH | 112585104 | 313 | 9,000 | SH | DFND | 0 | 0 | 9,000 | ||
| CENTRAIS ELETRICAS BRASILEIR | SPONSORED ADR | 15234Q207 | 218 | 122,286 | SH | SOLE | 122,286 | 0 | 0 | ||
| COCA COLA CO | COM | 191216100 | 383 | 8,200 | SH | DFND | 0 | 0 | 8,200 | ||
| COMPANHIA ENERGETICA DE MINA | SP ADR N-V PFD | 204409601 | 127 | 56,400 | SH | SOLE | 56,400 | 0 | 0 | ||
| COMPANHIA PARANAENSE ENERG C | SPON ADR PFD | 20441B407 | 214 | 26,960 | SH | SOLE | 26,960 | 0 | 0 | ||
| CPFL ENERGIA S A | SPONSORED ADR | 126153105 | 113 | 10,365 | SH | SOLE | 10,365 | 0 | 0 | ||
| CRESUD S A C I F Y A | SPONSORED ADR | 226406106 | 6,773 | 581,847 | SH | SOLE | 581,847 | 0 | 0 | ||
| DANAHER CORP DEL | COM | 235851102 | 238 | 2,500 | SH | DFND | 0 | 0 | 2,500 | ||
| DISNEY WALT CO | COM DISNEY | 254687106 | 497 | 5,000 | SH | DFND | 0 | 0 | 5,000 | ||
| ECO STIM ENERGY SOLUTIONS IN | COM | 27888D101 | 6,113 | 2,397,388 | SH | SOLE | 2,397,388 | 0 | 0 | ||
| EMERSON ELEC CO | COM | 291011104 | 333 | 6,115 | SH | DFND | 0 | 0 | 6,115 | ||
| EMPRESA DIST Y COMERCIAL NOR | SPON ADR | 29244A102 | 2 | 107 | SH | DFND | 0 | 0 | 107 | ||
| EMPRESA DIST Y COMERCIAL NOR | SPON ADR | 29244A102 | 5,319 | 318,517 | SH | SOLE | 318,517 | 0 | 0 | ||
| EXTREME NETWORKS INC | COM | 30226D106 | 31 | 10,000 | SH | DFND | 0 | 0 | 10,000 | ||
| GENERAL MLS INC | COM | 370334104 | 274 | 4,330 | SH | DFND | 0 | 0 | 4,330 | ||
| GEOPARK LTD | USD SHS | G38327105 | 2,627 | 896,594 | SH | SOLE | 896,594 | 0 | 0 | ||
| GLAXOSMITHKLINE PLC | SPONSORED ADR | 37733W105 | 300 | 7,168 | SH | DFND | 0 | 0 | 7,168 | ||
| GLOBALSTAR INC | COM | 378973408 | 70 | 47,468 | SH | DFND | 0 | 0 | 47,468 | ||
| GRUPO FINANCIERO GALICIA S A | SP ADR 10 SH B | 399909100 | 2,569 | 90,776 | SH | DFND | 0 | 0 | 90,776 | ||
| GRUPO FINANCIERO GALICIA S A | SP ADR 10 SH B | 399909100 | 23,808 | 841,281 | SH | SOLE | 841,281 | 0 | 0 | ||
| HOME DEPOT INC | COM | 437076102 | 334 | 2,500 | SH | DFND | 0 | 0 | 2,500 | ||
| ILLINOIS TOOL WKS INC | COM | 452308109 | 206 | 2,000 | SH | DFND | 0 | 0 | 2,000 | ||
| INTEL CORP | COM | 458140100 | 372 | 11,500 | SH | DFND | 0 | 0 | 11,500 | ||
| IRSA INVERSIONES Y REP S A | GLOBL DEP RCPT | 450047204 | 129 | 8,650 | SH | DFND | 0 | 0 | 8,650 | ||
| IRSA INVERSIONES Y REP S A | GLOBL DEP RCPT | 450047204 | 8,819 | 589,480 | SH | SOLE | 589,480 | 0 | 0 | ||
| ISHARES | MSCI BRZ CAP ETF | 464286400 | 6,489 | 246,740 | SH | DFND | 0 | 0 | 246,740 | ||
| ISHARES GOLD TRUST | ISHARES | 464285105 | 257 | 21,598 | SH | DFND | 0 | 0 | 21,598 | ||
| ISHARES TR | RUS 1000 GRW ETF | 464287614 | 1,740 | 17,434 | SH | DFND | 0 | 0 | 17,434 | ||
| JOHNSON & JOHNSON | COM | 478160104 | 436 | 4,025 | SH | DFND | 0 | 0 | 4,025 | ||
| LEVEL 3 COMMUNICATIONS INC | COM NEW | 52729N308 | 584 | 11,041 | SH | DFND | 0 | 0 | 11,041 | ||
| LOCKHEED MARTIN CORP | COM | 539830109 | 354 | 1,600 | SH | DFND | 0 | 0 | 1,600 | ||
| MARKET VECTORS ETF TR | AGRIBUS ETF | 57060U605 | 210 | 4,500 | SH | DFND | 0 | 0 | 4,500 | ||
| MARKET VECTORS ETF TR | VIETNAM ETF | 57060U761 | 178 | 12,700 | SH | SOLE | 12,700 | 0 | 0 | ||
| MCDONALDS CORP | COM | 580135101 | 377 | 3,000 | SH | DFND | 0 | 0 | 3,000 | ||
| MID-AMER APT CMNTYS INC | COM | 59522J103 | 575 | 5,623 | SH | DFND | 0 | 0 | 5,623 | ||
| NIKE INC | CL B | 654106103 | 247 | 4,000 | SH | DFND | 0 | 0 | 4,000 | ||
| NORFOLK SOUTHERN CORP | COM | 655844108 | 755 | 9,075 | SH | DFND | 0 | 0 | 9,075 | ||
| NUCOR CORP | COM | 670346105 | 258 | 5,446 | SH | DFND | 0 | 0 | 5,446 | ||
| PAMPA ENERGIA S A | SPONS ADR LVL I | 697660207 | 5,581 | 260,307 | SH | DFND | 0 | 0 | 260,307 | ||
| PAMPA ENERGIA S A | SPONS ADR LVL I | 697660207 | 37,204 | 1,735,256 | SH | SOLE | 1,735,256 | 0 | 0 | ||
| PAN AMERICAN SILVER CORP | COM | 697900108 | 1,631 | 150,000 | SH | SOLE | 150,000 | 0 | 0 | ||
| PETROBRAS ARGENTINA S A | SPONS ADR | 71646J109 | 2,441 | 372,717 | SH | DFND | 0 | 0 | 372,717 | ||
| PETROBRAS ARGENTINA S A | SPONS ADR | 71646J109 | 18,006 | 2,749,069 | SH | SOLE | 2,749,069 | 0 | 0 | ||
| PETROLEO BRASILEIRO SA PETRO | SPONSORED ADR | 71654V408 | 336 | 57,500 | SH | Call | SOLE | 57,500 | 0 | 0 | |
| PHILIP MORRIS INTL INC | COM | 718172109 | 307 | 3,095 | SH | DFND | 0 | 0 | 3,095 | ||
| POWERSHARES ETF TRUST | INTL DIV ACHV | 73935X716 | 307 | 22,160 | SH | DFND | 0 | 0 | 22,160 | ||
| PROCTER & GAMBLE CO | COM | 742718109 | 634 | 7,700 | SH | DFND | 0 | 0 | 7,700 | ||
| PROSHARES TR | PSHS LC COR PLUS | 74347R248 | 294 | 5,800 | SH | DFND | 0 | 0 | 5,800 | ||
| QUANTUM CORP | COM DSSG | 747906204 | 20 | 32,460 | SH | DFND | 0 | 0 | 32,460 | ||
| QUINSTREET INC | COM | 74874Q100 | 46 | 13,525 | SH | DFND | 0 | 0 | 13,525 | ||
| RAYTHEON CO | COM NEW | 755111507 | 245 | 2,000 | SH | DFND | 0 | 0 | 2,000 | ||
| REGIONS FINL CORP NEW | COM | 7591EP100 | 173 | 22,002 | SH | DFND | 0 | 0 | 22,002 | ||
| SCHLUMBERGER LTD | COM | 806857108 | 223 | 3,000 | SH | DFND | 0 | 0 | 3,000 | ||
| SOUTHERN CO | COM | 842587107 | 338 | 6,524 | SH | DFND | 0 | 0 | 6,524 | ||
| SPDR SERIES TRUST | DJ REIT ETF | 78464A607 | 275 | 2,893 | SH | DFND | 0 | 0 | 2,893 | ||
| STERICYCLE INC | COM | 858912108 | 252 | 2,000 | SH | DFND | 0 | 0 | 2,000 | ||
| TELECOM ARGENTINA S A | SPON ADR REP B | 879273209 | 1,838 | 102,762 | SH | DFND | 0 | 0 | 102,762 | ||
| TELECOM ARGENTINA S A | SPON ADR REP B | 879273209 | 21,922 | 1,225,363 | SH | SOLE | 1,225,363 | 0 | 0 | ||
| TERNIUM SA | SPON ADR | 880890108 | 1,308 | 72,765 | SH | DFND | 0 | 0 | 72,765 | ||
| TERNIUM SA | SPON ADR | 880890108 | 12,205 | 678,787 | SH | SOLE | 678,787 | 0 | 0 | ||
| TESLA MTRS INC | COM | 88160R101 | 754 | 3,283 | SH | DFND | 0 | 0 | 3,283 | ||
| TORCHMARK CORP | COM | 891027104 | 5,577 | 102,708 | SH | DFND | 0 | 0 | 102,708 | ||
| TRANSPORTADORA DE GAS SUR | SPON ADR B | 893870204 | 67 | 11,426 | SH | DFND | 0 | 0 | 11,426 | ||
| TRANSPORTADORA DE GAS SUR | SPON ADR B | 893870204 | 23,922 | 4,096,273 | SH | SOLE | 4,096,273 | 0 | 0 | ||
| UNITEDHEALTH GROUP INC | COM | 91324P102 | 321 | 2,492 | SH | DFND | 0 | 0 | 2,492 | ||
| VANGUARD SPECIALIZED PORTFOL | DIV APP ETF | 921908844 | 514 | 6,330 | SH | DFND | 0 | 0 | 6,330 | ||
| VULCAN MATLS CO | COM | 929160109 | 211 | 2,000 | SH | DFND | 0 | 0 | 2,000 | ||
| WALGREENS BOOTS ALLIANCE INC | COM | 931427108 | 337 | 4,000 | SH | DFND | 0 | 0 | 4,000 | ||
| WASTE MGMT INC DEL | COM | 94106L109 | 295 | 5,000 | SH | DFND | 0 | 0 | 5,000 | ||
| WISDOMTREE TR | JP SMALLCP DIV | 97717W836 | 440 | 7,994 | SH | DFND | 0 | 0 | 7,994 | ||
| WISDOMTREE TR | INDIA ERNGS FD | 97717W422 | 254 | 13,000 | SH | SOLE | 13,000 | 0 | 0 | ||
| YPF SOCIEDAD ANONIMA | SPON ADR CL D | 984245100 | 4,065 | 227,373 | SH | DFND | 0 | 0 | 227,373 | ||
| YPF SOCIEDAD ANONIMA | SPON ADR CL D | 984245100 | 2,235 | 125,000 | SH | Call | SOLE | 125,000 | 0 | 0 | |
| YPF SOCIEDAD ANONIMA | SPON ADR CL D | 984245100 | 13,349 | 746,593 | SH | SOLE | 746,593 | 0 | 0 | ||