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
Estimated average burden
hours per response:		23.8

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	420	2,354	SH		DFND		0	0	2,354
ABBVIE INC	COM	00287Y109	761	12,150	SH		DFND		0	0	12,150
ADECOAGRO S A	COM	L00849106	1,557	150,000	SH	Call	SOLE		150,000	0	0
ADECOAGRO S A	COM	L00849106	5,691	548,237	SH		DFND		0	0	548,237
ADECOAGRO S A	COM	L00849106	37,920	3,653,186	SH		SOLE		3,653,186	0	0
ADOBE SYS INC	COM	00724F101	206	2,000	SH		DFND		0	0	2,000
AFLAC INC	COM	001055102	667	9,589	SH		DFND		0	0	9,589
ALBEMARLE CORP	COM	012653101	529	6,118	SH		DFND		0	0	6,118
ALEXION PHARMACEUTICALS INC	COM	015351109	416	3,400	SH		DFND		0	0	3,400
ALLERGAN PLC	SHS	G0177J108	334	1,592	SH		DFND		0	0	1,592
ALPHABET INC	CAP STK CL C	02079K107	670	868	SH		DFND		0	0	868
ALTRIA GROUP INC	COM	02209S103	575	8,421	SH		DFND		0	0	8,421
AMERICAN ELEC PWR INC	COM	025537101	237	3,770	SH		DFND		0	0	3,770
ANADARKO PETE CORP	COM	032511107	512	7,342	SH		DFND		0	0	7,342
ANHEUSER BUSCH INBEV SA/NV	SPONSORED ADR	03524A108	371	3,520	SH		DFND		0	0	3,520
APPLE INC	COM	037833100	2,841	24,527	SH		DFND		0	0	24,527
AT&T INC	COM	00206R102	221	5,187	SH		DFND		0	0	5,187
BANCO MACRO SA	SPON ADR B	05961W105	626	9,728	SH		DFND		0	0	9,728
BANCO MACRO SA	SPON ADR B	05961W105	14,658	227,792	SH		SOLE		227,792	0	0
BAXTER INTL INC	COM	071813109	280	6,302	SH		DFND		0	0	6,302
BBVA BANCO FRANCES S A	SPONSORED ADR	07329M100	9,284	532,630	SH		SOLE		532,630	0	0
BBVA BANCO FRANCES S A	SPONSORED ADR	07329M100	43	2,470	SH		DFND		0	0	2,470
BERKSHIRE HATHAWAY INC DEL	CL B NEW	084670702	1,429	8,770	SH		DFND		0	0	8,770
BIOGEN INC	COM	09062X103	244	861	SH		DFND		0	0	861
BROADCOM LTD	SHS	Y09827109	303	1,716	SH		DFND		0	0	1,716
BROOKFIELD ASSET MGMT INC	CL A LTD VT SH	112585104	514	15,500	SH		DFND		0	0	15,500
CANADIAN PAC RY LTD	COM	13645T100	257	1,800	SH		DFND		0	0	1,800
CARDINAL HEALTH INC	COM	14149Y108	290	4,000	SH		DFND		0	0	4,000
CATERPILLAR INC DEL	COM	149123101	297	3,200	SH		DFND		0	0	3,200
CHESAPEAKE ENERGY CORP	COM	165167107	1,053	150,000	SH		DFND		0	0	150,000
CHEVRON CORP NEW	COM	166764100	600	5,100	SH		DFND		0	0	5,100
CHINA MOBILE LIMITED	SPONSORED ADR	16941M109	557	10,615	SH		DFND		0	0	10,615
CINCINNATI FINL CORP	COM	172062101	396	5,200	SH		DFND		0	0	5,200
CISCO SYS INC	COM	17275R102	232	7,671	SH		DFND		0	0	7,671
CME GROUP INC	COM	12572Q105	262	2,206	SH		DFND		0	0	2,206
COCA COLA CO	COM	191216100	836	20,162	SH		DFND		0	0	20,162
COLUMBIA BKG SYS INC	COM	197236102	232	5,200	SH		DFND		0	0	5,200
COMCAST CORP NEW	CL A	20030N101	577	8,320	SH		DFND		0	0	8,320
COMMUNICATIONS SALES&LEAS IN	COM	20341J104	273	10,500	SH		DFND		0	0	10,500
COMPANHIA BRASILEIRA DE DIST	SPN ADR PFD CL A	20440T201	245	14,800	SH		DFND		0	0	14,800
COMPANHIA BRASILEIRA DE DIST	SPN ADR PFD CL A	20440T201	894	54,000	SH		SOLE		54,000	0	0
COMPANHIA ENERGETICA DE MINA	SP ADR N-V PFD	204409601	431	186,400	SH		DFND		0	0	186,400
COMPANHIA ENERGETICA DE MINA	SP ADR N-V PFD	204409601	756	331,400	SH		SOLE		331,400	0	0
COMPANHIA PARANAENSE ENERG C	SPON ADR PFD	20441B407	213	25,176	SH		DFND		0	0	25,176
COMPANHIA PARANAENSE ENERG C	SPON ADR PFD	20441B407	890	105,000	SH		SOLE		105,000	0	0
CRESUD S A C I F Y A	SPONSORED ADR	226406106	12,387	785,484	SH		SOLE		785,484	0	0
DISNEY WALT CO	COM DISNEY	254687106	1,049	9,990	SH		DFND		0	0	9,990
DOW CHEM CO	COM	260543103	246	4,270	SH		DFND		0	0	4,270
ECO STIM ENERGY SOLUTIONS IN	COM	27888D101	2,860	2,979,534	SH		SOLE		2,979,534	0	0
EMERSON ELEC CO	COM	291011104	387	6,950	SH		DFND		0	0	6,950
EMPRESA DIST Y COMERCIAL NOR	SPON ADR	29244A102	8,731	313,517	SH		SOLE		313,517	0	0
ENTERPRISE PRODS PARTNERS L	COM	293792107	486	17,956	SH		DFND		0	0	17,956
EXTREME NETWORKS INC	COM	30226D106	50	10,000	SH		DFND		0	0	10,000
EXXON MOBIL CORP	COM	30231G102	426	4,721	SH		DFND		0	0	4,721
FACEBOOK INC	CL A	30303M102	250	2,171	SH		DFND		0	0	2,171
FREEPORT-MCMORAN INC	CL B	35671D857	150	11,337	SH		DFND		0	0	11,337
GENERAL ELECTRIC CO	COM	369604103	209	6,558	SH		DFND		0	0	6,558
GENERAL MLS INC	COM	370334104	428	6,930	SH		DFND		0	0	6,930
GLAXOSMITHKLINE PLC	SPONSORED ADR	37733W105	334	8,568	SH		DFND		0	0	8,568
GLOBALSTAR INC	COM	378973408	63	40,047	SH		DFND		0	0	40,047
GRUPO FINANCIERO GALICIA S A	SP ADR 10 SH B	399909100	3,878	144,059	SH		DFND		0	0	144,059
GRUPO FINANCIERO GALICIA S A	SP ADR 10 SH B	399909100	24,198	898,898	SH		SOLE		898,898	0	0
GRUPO SUPERVIELLE S A	SPONSORED ADR	40054A108	2,701	205,583	SH		DFND		0	0	205,583
GRUPO SUPERVIELLE S A	SPONSORED ADR	40054A108	13,796	1,049,955	SH		SOLE		1,049,955	0	0
HALLIBURTON CO	COM	406216101	260	4,800	SH		DFND		0	0	4,800
HANNON ARMSTRONG SUST INFR C	COM	41068X100	193	10,000	SH		DFND		0	0	10,000
HERSHEY CO	COM	427866108	352	3,408	SH		DFND		0	0	3,408
HOME DEPOT INC	COM	437076102	514	3,832	SH		DFND		0	0	3,832
HONEYWELL INTL INC	COM	438516106	269	2,325	SH		DFND		0	0	2,325
ILLINOIS TOOL WKS INC	COM	452308109	547	4,444	SH		DFND		0	0	4,444
INGERSOLL-RAND PLC	SHS	G47791101	343	4,572	SH		DFND		0	0	4,572
INTEL CORP	COM	458140100	598	16,500	SH		DFND		0	0	16,500
INTERCONTINENTAL EXCHANGE IN	COM	45866F104	226	4,000	SH		DFND		0	0	4,000
INTERNATIONAL BUSINESS MACHS	COM	459200101	221	1,334	SH		DFND		0	0	1,334
INTREPID POTASH INC	COM	46121Y102	126	60,728	SH		DFND		0	0	60,728
INVESCO HIGH INCOME 2023 TAR	COM	46135X108	205	20,000	SH		DFND		0	0	20,000
IRSA INVERSIONES Y REP S A	GLOBL DEP RCPT	450047204	11,687	633,780	SH		SOLE		633,780	0	0
IRSA INVERSIONES Y REP S A	GLOBL DEP RCPT	450047204	237	12,870	SH		DFND		0	0	12,870
ISHARES	MSCI BRZ CAP ETF	464286400	10,812	324,304	SH		DFND		0	0	324,304
ISHARES	MSCI BRZ CAP ETF	464286400	522	15,650	SH		SOLE		15,650	0	0
ISHARES INC	CORE MSCI EMKT	46434G103	2,873	67,668	SH		DFND		0	0	67,668
ISHARES TR	RUS 1000 GRW ETF	464287614	214	2,040	SH		DFND		0	0	2,040
ISHARES TR	RUS 1000 VAL ETF	464287598	9,196	82,082	SH		DFND		0	0	82,082
ISHARES TR	RUS 2000 VAL ETF	464287630	649	5,459	SH		DFND		0	0	5,459
JOHNSON & JOHNSON	COM	478160104	830	7,203	SH		DFND		0	0	7,203
JPMORGAN CHASE & CO	ALERIAN ML ETN	46625H365	569	18,000	SH		DFND		0	0	18,000
KKR & CO L P DEL	COM UNITS	48248M102	262	17,000	SH		DFND		0	0	17,000
KRAFT HEINZ CO	COM	500754106	225	2,581	SH		DFND		0	0	2,581
L-3 COMMUNICATIONS HLDGS INC	COM	502424104	231	1,517	SH		DFND		0	0	1,517
LEVEL 3 COMMUNICATIONS INC	COM NEW	52729N308	311	5,521	SH		DFND		0	0	5,521
LOCKHEED MARTIN CORP	COM	539830109	733	2,932	SH		DFND		0	0	2,932
MAGELLAN MIDSTREAM PRTNRS LP	COM UNIT RP LP	559080106	643	8,504	SH		DFND		0	0	8,504
MCDONALDS CORP	COM	580135101	304	2,500	SH		DFND		0	0	2,500
MERCADOLIBRE INC	COM	58733R102	859	5,500	SH		SOLE		5,500	0	0
MERCK & CO INC	COM	58933Y105	365	6,156	SH		DFND		0	0	6,156
MICROSOFT CORP	COM	594918104	438	7,044	SH		DFND		0	0	7,044
MID AMER APT CMNTYS INC	COM	59522J103	1,921	19,623	SH		DFND		0	0	19,623
MONDELEZ INTL INC	CL A	609207105	376	8,446	SH		DFND		0	0	8,446
MOTOROLA SOLUTIONS INC	COM NEW	620076307	35,643	430,000	SH	Put	DFND		0	0	430,000
NEW YORK REIT INC	COM	64976L109	103	10,140	SH		DFND		0	0	10,140
NIKE INC	CL B	654106103	235	4,600	SH		DFND		0	0	4,600
NORFOLK SOUTHERN CORP	COM	655844108	1,100	10,175	SH		DFND		0	0	10,175
NORTEL INVERSORA S A	SPON ADR PFD B	656567401	1,564	60,000	SH		SOLE		60,000	0	0
NUCOR CORP	COM	670346105	385	6,427	SH		DFND		0	0	6,427
NUVEEN HIGH INCOME DECMBR 20	COM	67076E107	707	70,000	SH		DFND		0	0	70,000
NUVEEN HIGH INCOME NOVEMBER	COM	67077N106	356	36,000	SH		DFND		0	0	36,000
NVIDIA CORP	COM	67066G104	213	2,000	SH		DFND		0	0	2,000
PAMPA ENERGIA S A	SPONS ADR LVL I	697660207	10,102	290,201	SH		DFND		0	0	290,201
PAMPA ENERGIA S A	SPONS ADR LVL I	697660207	51,522	1,480,106	SH		SOLE		1,480,106	0	0
PATTERN ENERGY GROUP INC	CL A	70338P100	213	11,000	SH		DFND		0	0	11,000
PEPSICO INC	COM	713448108	393	3,732	SH		DFND		0	0	3,732
PETROBRAS ARGENTINA S A	SPONS ADR	71646J109	934	133,000	SH		SOLE		133,000	0	0
PFIZER INC	COM	717081103	250	7,703	SH		DFND		0	0	7,703
PHILIP MORRIS INTL INC	COM	718172109	434	4,692	SH		DFND		0	0	4,692
PHILLIPS 66	COM	718546104	300	3,468	SH		DFND		0	0	3,468
POTASH CORP SASK INC	COM	73755L107	281	15,511	SH		DFND		0	0	15,511
POWERSHARES ETF TRUST	INTL DIV ACHV	73935X716	319	22,160	SH		DFND		0	0	22,160
PROCTER AND GAMBLE CO	COM	742718109	939	11,162	SH		DFND		0	0	11,162
PROSHARES TR	PSHS LC COR PLUS	74347R248	497	9,000	SH		DFND		0	0	9,000
QUALCOMM INC	COM	747525103	477	7,310	SH		DFND		0	0	7,310
QUANTUM CORP	COM DSSG	747906204	27	32,460	SH		DFND		0	0	32,460
QUINSTREET INC	COM	74874Q100	63	16,725	SH		DFND		0	0	16,725
RAYTHEON CO	COM NEW	755111507	293	2,050	SH		DFND		0	0	2,050
REGIONS FINL CORP NEW	COM	7591EP100	343	23,802	SH		DFND		0	0	23,802
SCHLUMBERGER LTD	COM	806857108	329	3,899	SH		DFND		0	0	3,899
SCHWAB STRATEGIC TR	SHT TM US TRES	808524862	2,873	56,950	SH		DFND		0	0	56,950
SEAGATE TECHNOLOGY PLC	SHS	G7945M107	228	5,875	SH		DFND		0	0	5,875
SHIRE PLC	SPONSORED ADR	82481R106	418	2,453	SH		DFND		0	0	2,453
SOUTHERN CO	COM	842587107	519	10,560	SH		DFND		0	0	10,560
SPDR S&P 500 ETF TR	TR UNIT	78462F103	6,706	30,000	SH	Put	SOLE		30,000	0	0
SPDR S&P 500 ETF TR	TR UNIT	78462F103	6,706	30,000	SH	Put	DFND		0	0	30,000
SPDR S&P 500 ETF TR	TR UNIT	78462F103	104	462	SH		DFND		0	0	462
SPECTRA ENERGY CORP	COM	847560109	245	5,957	SH		DFND		0	0	5,957
STERICYCLE INC	COM	858912108	243	3,150	SH		DFND		0	0	3,150
SUNOCO LP	COM U REP LP	86765K109	269	10,000	SH		DFND		0	0	10,000
TE CONNECTIVITY LTD	REG SHS	H84989104	388	5,603	SH		DFND		0	0	5,603
TELECOM ARGENTINA S A	SPON ADR REP B	879273209	28,527	1,570,028	SH		SOLE		1,570,028	0	0
TERNIUM SA	SPON ADR	880890108	2,166	89,692	SH		DFND		0	0	89,692
TESLA MTRS INC	COM	88160R101	347	1,625	SH		DFND		0	0	1,625
THERMO FISHER SCIENTIFIC INC	COM	883556102	234	1,660	SH		DFND		0	0	1,660
TIFFANY & CO NEW	COM	886547108	216	2,775	SH		DFND		0	0	2,775
TORCHMARK CORP	COM	891027104	6,971	94,513	SH		DFND		0	0	94,513
TRANSPORTADORA DE GAS SUR	SPON ADR B	893870204	16,783	1,860,690	SH		SOLE		1,860,690	0	0
UNITED STATES NATL GAS FUND	UNIT PAR $0.001	912318201	327	35,000	SH		DFND		0	0	35,000
UNITEDHEALTH GROUP INC	COM	91324P102	1,094	6,837	SH		DFND		0	0	6,837
VANECK VECTORS ETF TR	AGRIBUSINESS ETF	92189F700	231	4,500	SH		DFND		0	0	4,500
VANECK VECTORS ETF TR	VIETNAM ETF	92189F817	166	12,700	SH		DFND		0	0	12,700
VANECK VECTORS ETF TR	VIETNAM ETF	92189F817	166	12,700	SH		SOLE		12,700	0	0
VANGUARD BD INDEX FD INC	TOTAL BND MRKT	921937835	215	2,660	SH		DFND		0	0	2,660
VANGUARD INDEX FDS	MID CAP ETF	922908629	280	2,130	SH		DFND		0	0	2,130
VANGUARD INDEX FDS	REIT ETF	922908553	220	2,662	SH		DFND		0	0	2,662
VANGUARD INTL EQUITY INDEX F	ALLWRLD EX US	922042775	663	15,000	SH		DFND		0	0	15,000
VANGUARD SPECIALIZED PORTFOL	DIV APP ETF	921908844	629	7,381	SH		DFND		0	0	7,381
VANGUARD WORLD FDS	INF TECH ETF	92204A702	409	3,370	SH		DFND		0	0	3,370
VANGUARD WORLD FDS	CONSUM DIS ETF	92204A108	244	1,900	SH		DFND		0	0	1,900
VERIZON COMMUNICATIONS INC	COM	92343V104	458	8,588	SH		DFND		0	0	8,588
VISA INC	COM CL A	92826C839	377	4,830	SH		DFND		0	0	4,830
VULCAN MATLS CO	COM	929160109	588	4,700	SH		DFND		0	0	4,700
WALGREENS BOOTS ALLIANCE INC	COM	931427108	546	6,600	SH		DFND		0	0	6,600
WASTE MGMT INC DEL	COM	94106L109	496	7,000	SH		DFND		0	0	7,000
WEATHERFORD INTL PLC	ORD SHS	G48833100	194	38,918	SH		DFND		0	0	38,918
WESTERN DIGITAL CORP	COM	958102105	217	3,166	SH		DFND		0	0	3,166
WHITING PETE CORP NEW	COM	966387102	125	10,398	SH		DFND		0	0	10,398
WISDOMTREE TR	JAPN HEDGE EQT	97717W851	307	6,200	SH		DFND		0	0	6,200
WISDOMTREE TR	INDIA ERNGS FD	97717W422	465	23,000	SH		DFND		0	0	23,000
WISDOMTREE TR	JAPN HEDGE EQT	97717W851	253	5,100	SH		SOLE		5,100	0	0
WISDOMTREE TR	INDIA ERNGS FD	97717W422	465	23,000	SH		SOLE		23,000	0	0
YPF SOCIEDAD ANONIMA	SPON ADR CL D	984245100	13,200	800,000	SH	Call	SOLE		800,000	0	0
YPF SOCIEDAD ANONIMA	SPON ADR CL D	984245100	4,895	296,692	SH		DFND		0	0	296,692
YPF SOCIEDAD ANONIMA	SPON ADR CL D	984245100	31,401	1,903,082	SH		SOLE		1,903,082	0	0