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 | 415 | 2,354 | SH | DFND | 0 | 0 | 2,354 | ||
| ABBOTT LABS | COM | 002824100 | 213 | 5,042 | SH | DFND | 0 | 0 | 5,042 | ||
| ABBVIE INC | COM | 00287Y109 | 707 | 11,206 | SH | DFND | 0 | 0 | 11,206 | ||
| ADECOAGRO S A | COM | L00849106 | 2,282 | 200,000 | SH | Call | SOLE | 200,000 | 0 | 0 | |
| ADECOAGRO S A | COM | L00849106 | 6,241 | 546,942 | SH | DFND | 0 | 0 | 546,942 | ||
| ADECOAGRO S A | COM | L00849106 | 40,282 | 3,530,447 | SH | SOLE | 3,530,447 | 0 | 0 | ||
| Adobe SYS Inc | COM | 00724F101 | 217 | 2,000 | SH | DFND | 0 | 0 | 2,000 | ||
| Aflac Inc | COM | 001055102 | 689 | 9,589 | SH | DFND | 0 | 0 | 9,589 | ||
| Albemarle Corp | COM | 012653101 | 442 | 5,158 | SH | DFND | 0 | 0 | 5,158 | ||
| ALEXION PHARMACEUTICALS INC | COM | 015351109 | 417 | 3,400 | SH | DFND | 0 | 0 | 3,400 | ||
| ALLERGAN PLC | SHS | G0177J108 | 348 | 1,510 | SH | DFND | 0 | 0 | 1,510 | ||
| ALPHABET INC | CAP STK CL C | 02079K107 | 624 | 803 | SH | DFND | 0 | 0 | 803 | ||
| Altria Group Inc | COM | 02209S103 | 511 | 8,011 | SH | DFND | 0 | 0 | 8,011 | ||
| AMERICAN ELEC PWR INC | COM | 025537101 | 242 | 3,770 | SH | DFND | 0 | 0 | 3,770 | ||
| Amgen Inc | COM | 031162100 | 293 | 1,756 | SH | DFND | 0 | 0 | 1,756 | ||
| ANADARKO PETE CORP | COM | 032511107 | 465 | 7,342 | SH | DFND | 0 | 0 | 7,342 | ||
| ANHEUSER BUSCH INBEV SA/NV | SPONSORED ADR | 03524A108 | 466 | 3,543 | SH | DFND | 0 | 0 | 3,543 | ||
| Apple Inc | COM | 037833100 | 2,795 | 24,727 | SH | DFND | 0 | 0 | 24,727 | ||
| AT&T Inc | COM | 00206R102 | 350 | 8,622 | SH | DFND | 0 | 0 | 8,622 | ||
| Banco Macro SA | SPON ADR B | 05961W105 | 761 | 9,728 | SH | DFND | 0 | 0 | 9,728 | ||
| BANCO MACRO SA | SPON ADR B | 05961W105 | 15,784 | 201,709 | SH | SOLE | 201,709 | 0 | 0 | ||
| Baxter Intl Inc | COM | 071813109 | 246 | 5,162 | SH | DFND | 0 | 0 | 5,162 | ||
| BBVA BANCO FRANCES S A | SPONSORED ADR | 07329M100 | 9,745 | 489,933 | SH | SOLE | 489,933 | 0 | 0 | ||
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 | 1,267 | 8,770 | SH | DFND | 0 | 0 | 8,770 | ||
| BIOGEN INC | COM | 09062X103 | 268 | 855 | SH | DFND | 0 | 0 | 855 | ||
| BROADCOM LTD | SHS | Y09827109 | 307 | 1,779 | SH | DFND | 0 | 0 | 1,779 | ||
| BROOKFIELD ASSET MGMT INC | CL A LTD VT SH | 112585104 | 475 | 13,500 | SH | DFND | 0 | 0 | 13,500 | ||
| CANADIAN PAC RY LTD | COM | 13645T100 | 276 | 1,800 | SH | DFND | 0 | 0 | 1,800 | ||
| Cardinal Health Inc | COM | 14149Y108 | 313 | 4,000 | SH | DFND | 0 | 0 | 4,000 | ||
| CATERPILLAR INC DEL | COM | 149123101 | 284 | 3,200 | SH | DFND | 0 | 0 | 3,200 | ||
| CHESAPEAKE ENERGY CORP | COM | 165167107 | 941 | 150,000 | SH | DFND | 0 | 0 | 150,000 | ||
| Chevron Corp New | COM | 166764100 | 525 | 5,100 | SH | DFND | 0 | 0 | 5,100 | ||
| CINCINNATI FINL CORP | COM | 172062101 | 395 | 5,200 | SH | DFND | 0 | 0 | 5,200 | ||
| Coca Cola Co | COM | 191216100 | 890 | 20,859 | SH | DFND | 0 | 0 | 20,859 | ||
| Comcast Corp New | CL A | 20030N101 | 552 | 8,320 | SH | DFND | 0 | 0 | 8,320 | ||
| COMPANHIA BRASILEIRA DE DIST | SPN ADR PFD CL A | 20440T201 | 328 | 20,000 | SH | SOLE | 20,000 | 0 | 0 | ||
| COMPANHIA ENERGETICA DE MINA | SP ADR N-V PFD | 204409601 | 250 | 96,400 | SH | DFND | 0 | 0 | 96,400 | ||
| COMPANHIA ENERGETICA DE MINA | SP ADR N-V PFD | 204409601 | 470 | 181,400 | SH | SOLE | 181,400 | 0 | 0 | ||
| CRESUD S A C I F Y A | SPONSORED ADR | 226406106 | 13,077 | 732,167 | SH | SOLE | 732,167 | 0 | 0 | ||
| Disney Walt Co | COM DISNEY | 254687106 | 956 | 10,290 | SH | DFND | 0 | 0 | 10,290 | ||
| DOW CHEM CO | COM | 260543103 | 220 | 4,200 | SH | DFND | 0 | 0 | 4,200 | ||
| ECO STIM ENERGY SOLUTIONS IN | COM | 27888D101 | 6,376 | 2,979,534 | SH | SOLE | 2,979,534 | 0 | 0 | ||
| EMERSON ELEC CO | COM | 291011104 | 428 | 7,845 | SH | DFND | 0 | 0 | 7,845 | ||
| EMPRESA DIST Y COMERCIAL NOR | SPON ADR | 29244A102 | 6,406 | 323,517 | SH | SOLE | 323,517 | 0 | 0 | ||
| ENTERPRISE PRODS PARTNERS L | COM | 293792107 | 220 | 7,956 | SH | DFND | 0 | 0 | 7,956 | ||
| EXTREME NETWORKS INC | COM | 30226D106 | 45 | 10,000 | SH | DFND | 0 | 0 | 10,000 | ||
| Exxon Mobil Corp | COM | 30231G102 | 412 | 4,721 | SH | DFND | 0 | 0 | 4,721 | ||
| FACEBOOK INC | CL A | 30303M102 | 312 | 2,433 | SH | DFND | 0 | 0 | 2,433 | ||
| FIBRIA CELULOSE S A | SP ADR REP COM | 31573A109 | 283 | 50,000 | SH | SOLE | 50,000 | 0 | 0 | ||
| FIBRIA CELULOSE S A | SP ADR REP COM | 31573A109 | 353 | 40,000 | SH | DFND | 0 | 0 | 40,000 | ||
| FREEPORT-MCMORAN INC | CL B | 35671D857 | 123 | 11,337 | SH | DFND | 0 | 0 | 11,337 | ||
| General Electric Co | COM | 369604103 | 216 | 7,239 | SH | DFND | 0 | 0 | 7,239 | ||
| GENERAL MLS INC | COM | 370334104 | 443 | 6,930 | SH | DFND | 0 | 0 | 6,930 | ||
| GEOPARK LTD | USD SHS | G38327105 | 1,167 | 351,518 | SH | SOLE | 351,518 | 0 | 0 | ||
| GLAXOSMITHKLINE PLC | SPONSORED ADR | 37733W105 | 391 | 8,968 | SH | DFND | 0 | 0 | 8,968 | ||
| GLOBALSTAR INC | COM | 378973408 | 48 | 40,047 | SH | DFND | 0 | 0 | 40,047 | ||
| GRUPO FINANCIERO GALICIA S A | SP ADR 10 SH B | 399909100 | 4,490 | 144,313 | SH | DFND | 0 | 0 | 144,313 | ||
| GRUPO FINANCIERO GALICIA S A | SP ADR 10 SH B | 399909100 | 26,095 | 838,798 | SH | SOLE | 838,798 | 0 | 0 | ||
| GRUPO SUPERVIELLE S A | SPONSORED ADR | 40054A108 | 2,677 | 180,781 | SH | DFND | 0 | 0 | 180,781 | ||
| GRUPO SUPERVIELLE S A | SPONSORED ADR | 40054A108 | 9,553 | 645,050 | SH | SOLE | 645,050 | 0 | 0 | ||
| Halliburton Co | COM | 406216101 | 215 | 4,800 | SH | DFND | 0 | 0 | 4,800 | ||
| Hershey Co | COM | 427866108 | 326 | 3,408 | SH | DFND | 0 | 0 | 3,408 | ||
| Home Depot Inc | COM | 437076102 | 493 | 3,832 | SH | DFND | 0 | 0 | 3,832 | ||
| ILLINOIS TOOL WKS INC | COM | 452308109 | 528 | 4,380 | SH | DFND | 0 | 0 | 4,380 | ||
| INGERSOLL-RAND PLC | SHS | G47791101 | 312 | 4,588 | SH | DFND | 0 | 0 | 4,588 | ||
| Intel Corp | COM | 458140100 | 623 | 16,500 | SH | DFND | 0 | 0 | 16,500 | ||
| INTERCONTINENTAL EXCHANGE IN | COM | 45866F104 | 215 | 800 | SH | DFND | 0 | 0 | 800 | ||
| Intrepid Potash Inc | COM | 46121Y102 | 215 | 189,908 | SH | DFND | 0 | 0 | 189,908 | ||
| IRSA INVERSIONES Y REP S A | GLOBL DEP RCPT | 450047204 | 244 | 12,870 | SH | DFND | 0 | 0 | 12,870 | ||
| IRSA INVERSIONES Y REP S A | GLOBL DEP RCPT | 450047204 | 11,242 | 591,980 | SH | SOLE | 591,980 | 0 | 0 | ||
| ISHARES | EM MKTS CURR ETF | 464286517 | 497 | 10,830 | SH | DFND | 0 | 0 | 10,830 | ||
| ISHARES GOLD TRUST | ISHARES | 464285105 | 951 | 74,903 | SH | DFND | 0 | 0 | 74,903 | ||
| ISHARES INC | CORE MSCI EMKT | 46434G103 | 2,287 | 50,141 | SH | DFND | 0 | 0 | 50,141 | ||
| ISHARES | MSCI BRZ CAP ETF | 464286400 | 4,634 | 137,398 | SH | DFND | 0 | 0 | 137,398 | ||
| ISHARES TR | JP MOR EM MK ETF | 464288281 | 996 | 8,495 | SH | DFND | 0 | 0 | 8,495 | ||
| ISHARES TR | RUS 1000 GRW ETF | 464287614 | 213 | 2,040 | SH | DFND | 0 | 0 | 2,040 | ||
| ISHARES TR | RUS 1000 VAL ETF | 464287598 | 5,716 | 54,121 | SH | DFND | 0 | 0 | 54,121 | ||
| Johnson & Johnson | COM | 478160104 | 881 | 7,458 | SH | DFND | 0 | 0 | 7,458 | ||
| Johnson CTLS Intl PLC | SHS | G51502105 | 213 | 4,583 | SH | DFND | 0 | 0 | 4,583 | ||
| JPMORGAN CHASE & CO | ALERIAN ML ETN | 46625H365 | 567 | 18,000 | SH | DFND | 0 | 0 | 18,000 | ||
| KKR & Co L P Del | COM UNITS | 48248M102 | 220 | 15,400 | SH | DFND | 0 | 0 | 15,400 | ||
| KRAFT HEINZ CO | COM | 500754106 | 232 | 2,581 | SH | DFND | 0 | 0 | 2,581 | ||
| L-3 COMMUNICATIONS HLDGS INC | COM | 502424104 | 229 | 1,517 | SH | DFND | 0 | 0 | 1,517 | ||
| LEVEL 3 COMMUNICATIONS INC | COM NEW | 52729N308 | 512 | 11,041 | SH | DFND | 0 | 0 | 11,041 | ||
| Lockheed Martin Corp | COM | 539830109 | 703 | 2,932 | SH | DFND | 0 | 0 | 2,932 | ||
| MAGELLAN MIDSTREAM PRTNRS LP | COM UNIT RP LP | 559080106 | 602 | 8,504 | SH | DFND | 0 | 0 | 8,504 | ||
| McDonalds Corp | COM | 580135101 | 288 | 2,500 | SH | DFND | 0 | 0 | 2,500 | ||
| MERCK & CO INC | COM | 58933Y105 | 392 | 6,256 | SH | DFND | 0 | 0 | 6,256 | ||
| MICROSOFT CORP | COM | 594918104 | 375 | 6,504 | SH | DFND | 0 | 0 | 6,504 | ||
| MID-AMER APT CMNTYS INC | COM | 59522J103 | 1,844 | 19,623 | SH | DFND | 0 | 0 | 19,623 | ||
| MONDELEZ INTL INC | CL A | 609207105 | 372 | 8,446 | SH | DFND | 0 | 0 | 8,446 | ||
| NIKE INC | CL B | 654106103 | 243 | 4,600 | SH | DFND | 0 | 0 | 4,600 | ||
| NORFOLK SOUTHERN CORP | COM | 655844108 | 988 | 10,175 | SH | DFND | 0 | 0 | 10,175 | ||
| NORTEL INVERSORA S A | SPON ADR PFD B | 656567401 | 1,188 | 48,700 | SH | SOLE | 48,700 | 0 | 0 | ||
| Nucor Corp | COM | 670346105 | 308 | 6,177 | SH | DFND | 0 | 0 | 6,177 | ||
| NUVEEN HIGH INCOME DECMBR 20 | COM | 67076E107 | 718 | 70,000 | SH | DFND | 0 | 0 | 70,000 | ||
| NUVEEN HIGH INCOME NOVEMBER | COM | 67077N106 | 365 | 36,000 | SH | DFND | 0 | 0 | 36,000 | ||
| PAMPA ENERGIA S A | SPONS ADR LVL I | 697660207 | 9,703 | 299,471 | SH | DFND | 0 | 0 | 299,471 | ||
| PAMPA ENERGIA S A | SPONS ADR LVL I | 697660207 | 49,687 | 1,533,555 | SH | SOLE | 1,533,555 | 0 | 0 | ||
| Pepsico Inc | COM | 713448108 | 436 | 4,006 | SH | DFND | 0 | 0 | 4,006 | ||
| PETROBRAS ARGENTINA S A | SPONS ADR | 71646J109 | 6,613 | 1,005,078 | SH | SOLE | 1,005,078 | 0 | 0 | ||
| Pfizer Inc | COM | 717081103 | 329 | 9,703 | SH | DFND | 0 | 0 | 9,703 | ||
| PHILIP MORRIS INTL INC | COM | 718172109 | 436 | 4,432 | SH | DFND | 0 | 0 | 4,432 | ||
| PHILLIPS 66 | COM | 718546104 | 279 | 3,468 | SH | DFND | 0 | 0 | 3,468 | ||
| POTASH CORP SASK INC | COM | 73755L107 | 498 | 30,511 | SH | DFND | 0 | 0 | 30,511 | ||
| POWERSHARES ETF TR II | SOVEREIGN DEBT | 73936T573 | 1,001 | 32,675 | SH | DFND | 0 | 0 | 32,675 | ||
| POWERSHARES ETF TRUST | INTL DIV ACHV | 73935X716 | 326 | 22,160 | SH | DFND | 0 | 0 | 22,160 | ||
| PROCTER AND GAMBLE CO | COM | 742718109 | 1,063 | 11,846 | SH | DFND | 0 | 0 | 11,846 | ||
| PROSHARES TR | PSHS LC COR PLUS | 74347R248 | 475 | 9,000 | SH | DFND | 0 | 0 | 9,000 | ||
| Qualcomm Inc | COM | 747525103 | 383 | 5,587 | SH | DFND | 0 | 0 | 5,587 | ||
| QUANTUM CORP | COM DSSG | 747906204 | 24 | 32,460 | SH | DFND | 0 | 0 | 32,460 | ||
| Quinstreet Inc | COM | 74874Q100 | 46 | 15,325 | SH | DFND | 0 | 0 | 15,325 | ||
| RAYTHEON CO | COM NEW | 755111507 | 279 | 2,050 | SH | DFND | 0 | 0 | 2,050 | ||
| REGIONS FINL CORP NEW | COM | 7591EP100 | 236 | 23,802 | SH | DFND | 0 | 0 | 23,802 | ||
| Schlumberger LTD | COM | 806857108 | 309 | 3,899 | SH | DFND | 0 | 0 | 3,899 | ||
| SEAGATE TECHNOLOGY PLC | SHS | G7945M107 | 230 | 5,875 | SH | DFND | 0 | 0 | 5,875 | ||
| SHIRE PLC | SPONSORED ADR | 82481R106 | 474 | 2,444 | SH | DFND | 0 | 0 | 2,444 | ||
| Southern Co | COM | 842587107 | 541 | 10,547 | SH | DFND | 0 | 0 | 10,547 | ||
| SPDR SERIES TRUST | DJ REIT ETF | 78464A607 | 1,183 | 12,150 | SH | DFND | 0 | 0 | 12,150 | ||
| Stericycle Inc | COM | 858912108 | 252 | 3,150 | SH | DFND | 0 | 0 | 3,150 | ||
| SUNOCO LP | COM U REP LP | 86765K109 | 290 | 10,000 | SH | DFND | 0 | 0 | 10,000 | ||
| Te Connectivity LTD | REG SHS | H84989104 | 361 | 5,603 | SH | DFND | 0 | 0 | 5,603 | ||
| TELECOM ARGENTINA S A | SPON ADR REP B | 879273209 | 1,549 | 84,655 | SH | DFND | 0 | 0 | 84,655 | ||
| TELECOM ARGENTINA S A | SPON ADR REP B | 879273209 | 24,861 | 1,358,510 | SH | SOLE | 1,358,510 | 0 | 0 | ||
| TERNIUM SA | SPON ADR | 880890108 | 2,154 | 109,726 | SH | DFND | 0 | 0 | 109,726 | ||
| TERNIUM SA | SPON ADR | 880890108 | 8,415 | 428,687 | SH | SOLE | 428,687 | 0 | 0 | ||
| TESLA MTRS INC | COM | 88160R101 | 332 | 1,625 | SH | DFND | 0 | 0 | 1,625 | ||
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 | 264 | 1,660 | SH | DFND | 0 | 0 | 1,660 | ||
| TIFFANY & CO NEW | COM | 886547108 | 203 | 2,775 | SH | DFND | 0 | 0 | 2,775 | ||
| Torchmark Corp | COM | 891027104 | 6,038 | 94,513 | SH | DFND | 0 | 0 | 94,513 | ||
| TRANSPORTADORA DE GAS SUR | SPON ADR B | 893870204 | 18,415 | 2,696,266 | SH | SOLE | 2,696,266 | 0 | 0 | ||
| UNITED STATES NATL GAS FUND | UNIT PAR $0.001 | 912318201 | 293 | 35,000 | SH | DFND | 0 | 0 | 35,000 | ||
| UNITEDHEALTH GROUP INC | COM | 91324P102 | 957 | 6,837 | SH | DFND | 0 | 0 | 6,837 | ||
| VANECK VECTORS ETF TR | AGRIBUSINESS ETF | 92189F700 | 225 | 4,500 | SH | DFND | 0 | 0 | 4,500 | ||
| VANECK VECTORS ETF TR | JP MORGAN MKTS | 92189F494 | 494 | 25,890 | SH | DFND | 0 | 0 | 25,890 | ||
| VANECK VECTORS ETF TR | VIETNAM ETF | 92189F817 | 192 | 12,700 | SH | SOLE | 12,700 | 0 | 0 | ||
| VANECK VECTORS ETF TR | VIETNAM ETF | 92189F817 | 192 | 12,700 | SH | DFND | 0 | 0 | 12,700 | ||
| VANGUARD BD INDEX FD INC | TOTAL BND MRKT | 921937835 | 224 | 2,660 | SH | DFND | 0 | 0 | 2,660 | ||
| VANGUARD INDEX FDS | MID CAP ETF | 922908629 | 276 | 2,130 | SH | DFND | 0 | 0 | 2,130 | ||
| VANGUARD INDEX FDS | REIT ETF | 922908553 | 231 | 2,662 | SH | DFND | 0 | 0 | 2,662 | ||
| VANGUARD INTL EQUITY INDEX F | ALLWRLD EX US | 922042775 | 681 | 15,000 | SH | DFND | 0 | 0 | 15,000 | ||
| VANGUARD SCOTTSDALE FDS | SHRT TRM CORP BD | 92206C409 | 1,994 | 24,750 | SH | DFND | 0 | 0 | 24,750 | ||
| VANGUARD SPECIALIZED PORTFOL | DIV APP ETF | 921908844 | 602 | 7,177 | SH | DFND | 0 | 0 | 7,177 | ||
| VANGUARD WHITEHALL FDS INC | EMERG MKT BD ETF | 921946885 | 503 | 6,165 | SH | DFND | 0 | 0 | 6,165 | ||
| VANGUARD WORLD FDS | CONSUM DIS ETF | 92204A108 | 239 | 1,900 | SH | DFND | 0 | 0 | 1,900 | ||
| VANGUARD WORLD FDS | INF TECH ETF | 92204A702 | 406 | 3,370 | SH | DFND | 0 | 0 | 3,370 | ||
| VERIZON COMMUNICATIONS INC | COM | 92343V104 | 212 | 4,088 | SH | DFND | 0 | 0 | 4,088 | ||
| VISA INC | COM CL A | 92826C839 | 347 | 4,200 | SH | DFND | 0 | 0 | 4,200 | ||
| VULCAN MATLS CO | COM | 929160109 | 535 | 4,700 | SH | DFND | 0 | 0 | 4,700 | ||
| WALGREENS BOOTS ALLIANCE INC | COM | 931427108 | 532 | 6,600 | SH | DFND | 0 | 0 | 6,600 | ||
| WASTE MGMT INC DEL | COM | 94106L109 | 446 | 7,000 | SH | DFND | 0 | 0 | 7,000 | ||
| WATERS CORP | COM | 941848103 | 214 | 1,350 | SH | DFND | 0 | 0 | 1,350 | ||
| WEATHERFORD INTL PLC | ORD SHS | G48833100 | 219 | 38,918 | SH | DFND | 0 | 0 | 38,918 | ||
| Weyerhaeuser Co | COM | 962166104 | 210 | 6,562 | SH | DFND | 0 | 0 | 6,562 | ||
| WHITING PETE CORP NEW | COM | 966387102 | 90 | 10,291 | SH | DFND | 0 | 0 | 10,291 | ||
| WISDOMTREE TR | INDIA ERNGS FD | 97717W422 | 497 | 23,000 | SH | SOLE | 23,000 | 0 | 0 | ||
| WISDOMTREE TR | INDIA ERNGS FD | 97717W422 | 497 | 23,000 | SH | DFND | 0 | 0 | 23,000 | ||
| YPF Sociedad Anonima | SPON ADR CL D | 984245100 | 4,868 | 267,202 | SH | DFND | 0 | 0 | 267,202 | ||
| YPF SOCIEDAD ANONIMA | SPON ADR CL D | 984245100 | 34,307 | 1,882,935 | SH | SOLE | 1,882,935 | 0 | 0 | ||