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
AFLAC INC	COM	001055102	733	8,352	SH		DFND		0	0	8,352
AT&T INC	COM	00206R102	719	18,481	SH		DFND		0	0	18,481
ABBOTT LABS	COM	002824100	269	4,708	SH		DFND		0	0	4,708
ABBVIE INC	COM	00287Y109	1,207	12,485	SH		DFND		0	0	12,485
ADOBE SYS INC	COM	00724F101	417	2,378	SH		DFND		0	0	2,378
ALBEMARLE CORP	COM	012653101	865	6,750	SH		DFND		0	0	6,750
ALEXION PHARMACEUTICALS INC	COM	015351109	420	3,509	SH		DFND		0	0	3,509
ALPHABET INC	CAP STK CL C	02079K107	1,154	1,103	SH		DFND		0	0	1,103
ALTRIA GROUP INC	COM	02209S103	628	8,715	SH		DFND		0	0	8,715
AMERICAN ELEC PWR INC	COM	025537101	277	3,770	SH		DFND		0	0	3,770
AMGEN INC	COM	031162100	371	2,134	SH		DFND		0	0	2,134
ANADARKO PETE CORP	COM	032511107	346	6,459	SH		DFND		0	0	6,459
ANHEUSER BUSCH INBEV SA/NV	SPONSORED ADR	03524A108	228	2,044	SH		DFND		0	0	2,044
APPLE INC	COM	037833100	4,340	25,646	SH		DFND		0	0	25,646
AZUL S A	SPONSR ADR PFD	05501U106	4,888	205,099	SH		DFND		0	0	205,099
AZUL S A	SPONSR ADR PFD	05501U106	8,550	358,795	SH		SOLE		358,795	0	0
BANCO BRADESCO S A	SP ADR PFD NEW	059460303	4,784	458,143	SH		DFND		0	0	458,143
BANCO BRADESCO S A	SP ADR PFD NEW	059460303	5,639	550,705	SH		SOLE		550,705	0	0
BANCO MACRO SA	SPON ADR B	05961W105	1,780	15,361	SH		DFND		0	0	15,361
BANCO MACRO SA	SPON ADR B	05961W105	12,783	110,313	SH		SOLE		110,313	0	0
BAXTER INTL INC	COM	071813109	295	4,552	SH		DFND		0	0	4,552
BBVA BANCO FRANCES S A	SPONSORED ADR	07329M100	643	25,506	SH		DFND		0	0	25,506
BBVA BANCO FRANCES S A	SPONSORED ADR	07329M100	8,731	346,472	SH		SOLE		346,472	0	0
BECTON DICKINSON & CO	COM	075887109	239	1,118	SH		DFND		0	0	1,118
BERKSHIRE HATHAWAY INC DEL	CL B NEW	084670702	1,920	9,688	SH		DFND		0	0	9,688
BIOGEN INC	COM	09062X103	303	952	SH		DFND		0	0	952
BLACKROCK 2022 GBL INCM OPP	COM	09258P104	247	25,000	SH		DFND		0	0	25,000
BROOKFIELD ASSET MGMT INC	CL A LTD VT SH	112585104	675	15,500	SH		DFND		0	0	15,500
CME GROUP INC	COM CL A	12572Q105	329	2,199	SH		DFND		0	0	2,199
CAMECO CORP	COM	13321L108	369	40,000	SH		SOLE		40,000	0	0
CAMECO CORP	COM	13321L108	1	100	SH		DFND		0	0	100
CAMECO CORP	COM	13321L108	923	100,000	SH	Call	SOLE		100,000	0	0
CANADIAN PAC RY LTD	COM	13645T100	330	1,800	SH		DFND		0	0	1,800
CATERPILLAR INC DEL	COM	149123101	522	3,310	SH		DFND		0	0	3,310
CENTENE CORP DEL	COM	15135B101	242	2,400	SH		DFND		0	0	2,400
CENTRAIS ELETRICAS BRASILEIR	SPONSORED ADR	15234Q207	1,961	344,106	SH		SOLE		344,106	0	0
CENTRUS ENERGY CORP	CL A	15643U104	239	59,668	SH		SOLE		59,668	0	0
CHEVRON CORP NEW	COM	166764100	653	5,217	SH		DFND		0	0	5,217
CHINA MOBILE LIMITED	SPONSORED ADR	16941M109	576	11,393	SH		DFND		0	0	11,393
CINCINNATI FINL CORP	COM	172062101	396	5,250	SH		DFND		0	0	5,250
CISCO SYS INC	COM	17275R102	342	8,932	SH		DFND		0	0	8,932
CLAYMORE EXCHANGE TRD FD TR	GUGG SHIPPNG ETF	18383Q796	822	70,900	SH		SOLE		70,900	0	0
CLAYMORE EXCHANGE TRD FD TR	GUGG SHIPPNG ETF	18383Q796	77	6,614	SH		DFND		0	0	6,614
COCA COLA CO	COM	191216100	809	17,624	SH		DFND		0	0	17,624
COMCAST CORP NEW	CL A	20030N101	669	16,716	SH		DFND		0	0	16,716
COMPANHIA ENERGETICA DE MINA	SP ADR N-V PFD	204409601	27	12,970	SH		DFND		0	0	12,970
COMPANHIA PARANAENSE ENERG C	SPON ADR PFD	20441B407	686	89,862	SH		DFND		0	0	89,862
COMPANHIA PARANAENSE ENERG C	SPON ADR PFD	20441B407	2,348	307,705	SH		SOLE		307,705	0	0
COUPA SOFTWARE INC	COM	22266L106	343	11,000	SH		DFND		0	0	11,000
CRESUD S A C I F Y A	SPONSORED ADR	226406106	492	22,250	SH		DFND		0	0	22,250
CRESUD S A C I F Y A	SPONSORED ADR	226406106	8,963	405,762	SH		SOLE		405,762	0	0
DANAHER CORP DEL	COM	235851102	261	2,804	SH		DFND		0	0	2,804
DISNEY WALT CO	COM DISNEY	254687106	1,175	10,845	SH		DFND		0	0	10,845
DOWDUPONT INC	COM	26078J100	382	5,361	SH		DFND		0	0	5,361
ETFS PLATINUM TR	SH BEN INT	26922V101	177	2,000	SH		SOLE		2,000	0	0
ETFS PLATINUM TR	SH BEN INT	26922V101	442	5,000	SH		DFND		0	0	5,000
ECO STIM ENERGY SOLUTIONS IN	COM	27888D101	381	302,694	SH		DFND		0	0	302,694
ECO STIM ENERGY SOLUTIONS IN	COM	27888D101	7,907	6,275,455	SH		SOLE		6,275,455	0	0
EMERSON ELEC CO	COM	291011104	549	7,871	SH		DFND		0	0	7,871
ENBRIDGE INC	COM	29250N105	210	5,374	SH		DFND		0	0	5,374
ENTERPRISE PRODS PARTNERS L	COM	293792107	475	17,924	SH		DFND		0	0	17,924
EQUINIX INC	COM PAR $0.001	29444U700	225	496	SH		DFND		0	0	496
EXTREME NETWORKS INC	COM	30226D106	125	10,000	SH		DFND		0	0	10,000
EXXON MOBIL CORP	COM	30231G102	264	3,162	SH		DFND		0	0	3,162
FACEBOOK INC	CL A	30303M102	579	3,281	SH		DFND		0	0	3,281
FEDEX CORP	COM	31428X106	254	1,015	SH		DFND		0	0	1,015
FIREEYE INC	COM	31816Q101	213	15,000	SH		DFND		0	0	15,000
FIRST TR STOXX EURO DIV FD	COMMON SHS	33735T109	151	11,015	SH		DFND		0	0	11,015
FREEPORT-MCMORAN INC	CL B	35671D857	217	11,465	SH		DFND		0	0	11,465
GENERAL ELECTRIC CO	COM	369604103	597	34,002	SH		DFND		0	0	34,002
GENERAL ELECTRIC CO	COM	369604103	4,275	245,000	SH	Call	DFND		0	0	245,000
GENERAL ELECTRIC CO	COM	369604103	17,171	984,000	SH	Call	SOLE		984,000	0	0
GENERAL MLS INC	COM	370334104	309	5,210	SH		DFND		0	0	5,210
GERDAU S A	SPON ADR REP PFD	373737105	372	100,000	SH	Call	DFND		0	0	100,000
GERDAU S A	SPON ADR REP PFD	373737105	391	105,000	SH		DFND		0	0	105,000
GERDAU S A	SPON ADR REP PFD	373737105	1,492	401,200	SH	Call	SOLE		401,200	0	0
GERDAU S A	SPON ADR REP PFD	373737105	2,957	795,000	SH		SOLE		795,000	0	0
GILEAD SCIENCES INC	COM	375558103	566	7,902	SH		DFND		0	0	7,902
GLAXOSMITHKLINE PLC	SPONSORED ADR	37733W105	306	8,495	SH		DFND		0	0	8,495
GLOBALSTAR INC	COM	378973408	52	40,047	SH		DFND		0	0	40,047
GLOBAL X FDS	MSCI GREECE ETF	37950E366	1,157	112,500	SH	Call	DFND		0	0	112,500
GLOBAL X FDS	MSCI GREECE ETF	37950E366	9,745	948,000	SH	Call	SOLE		948,000	0	0
GLOBAL X FDS	MSCI GREECE ETF	37950E366	19,596	1,868,149	SH		DFND		0	0	1,868,149
GLOBAL X FDS	GLOBAL X URANIUM	37954Y871	449	29,750	SH		DFND		0	0	29,750
GLOBAL X FDS	GLOBAL X URANIUM	37954Y871	3,113	206,821	SH		SOLE		206,821	0	0
GOL LINHAS AEREAS INTLG S A	SPON ADR PFD NEW	38045R206	565	64,490	SH		SOLE		64,490	0	0
GRUPO FINANCIERO GALICIA S A	SP ADR 10 SH B	399909100	488	7,409	SH		DFND		0	0	7,409
GRUPO SUPERVIELLE S A	SPONSORED ADR	40054A108	7,197	245,479	SH		DFND		0	0	245,479
GRUPO SUPERVIELLE S A	SPONSORED ADR	40054A108	12,591	429,445	SH		SOLE		429,445	0	0
HALLIBURTON CO	COM	406216101	254	5,194	SH		DFND		0	0	5,194
HANNON ARMSTRONG SUST INFR C	COM	41068X100	285	11,683	SH		DFND		0	0	11,683
HASBRO INC	COM	418056107	292	3,214	SH		DFND		0	0	3,214
HERSHEY CO	COM	427866108	401	3,532	SH		DFND		0	0	3,532
HOME DEPOT INC	COM	437076102	985	5,197	SH		DFND		0	0	5,197
HONEYWELL INTL INC	COM	438516106	531	3,465	SH		DFND		0	0	3,465
IRSA INVERSIONES Y REP S A	GLOBL DEP RCPT	450047204	465	15,720	SH		DFND		0	0	15,720
IRSA INVERSIONES Y REP S A	GLOBL DEP RCPT	450047204	7,258	245,193	SH		SOLE		245,193	0	0
IDACORP INC	COM	451107106	219	2,400	SH		DFND		0	0	2,400
ILLINOIS TOOL WKS INC	COM	452308109	766	4,567	SH		DFND		0	0	4,567
INTEL CORP	COM	458140100	789	17,100	SH		DFND		0	0	17,100
INTERCONTINENTAL EXCHANGE IN	COM	45866F104	314	4,450	SH		DFND		0	0	4,450
INTERNATIONAL BUSINESS MACHS	COM	459200101	556	3,627	SH		DFND		0	0	3,627
INTREPID POTASH INC	COM	46121Y102	9,948	2,089,908	SH		DFND		0	0	2,089,908
INVESCO HIGH INCOME 2023 TAR	COM	46135X108	100	10,180	SH		DFND		0	0	10,180
IRSA PROPIEDADES COMERCIALES	SPONSORED ADR	463588103	936	16,560	SH		DFND		0	0	16,560
IRSA PROPIEDADES COMERCIALES	SPONSORED ADR	463588103	8,334	147,504	SH		SOLE		147,504	0	0
ISHARES INC	MSCI BRAZIL ETF	464286400	728	17,996	SH		DFND		0	0	17,996
ISHARES INC	MSCI BRAZIL ETF	464286400	2,427	60,000	SH	Call	DFND		0	0	60,000
ISHARES INC	MSCI BRAZIL ETF	464286400	3,438	85,000	SH		SOLE		85,000	0	0
ISHARES INC	MSCI BRAZIL ETF	464286400	25,888	640,000	SH	Call	SOLE		640,000	0	0
ISHARES TR	RUS 1000 VAL ETF	464287598	412	3,315	SH		DFND		0	0	3,315
ISHARES TR	MSCI ACWI ETF	464288257	242	3,350	SH		DFND		0	0	3,350
ISHARES TR	CORE MSCI EAFE	46432F842	4,075	61,653	SH		DFND		0	0	61,653
ISHARES INC	CORE MSCI EMKT	46434G103	3,208	56,378	SH		DFND		0	0	56,378
ISHARES TR	IBONDS DEC21 ETF	46435G789	203	8,000	SH		DFND		0	0	8,000
JPMORGAN CHASE & CO	COM	46625H100	866	8,095	SH		DFND		0	0	8,095
JOHNSON & JOHNSON	COM	478160104	999	7,148	SH		DFND		0	0	7,148
KKR & CO L P DEL	COM UNITS	48248M102	274	13,000	SH		DFND		0	0	13,000
KRAFT HEINZ CO	COM	500754106	201	2,581	SH		DFND		0	0	2,581
L3 TECHNOLOGIES INC	COM	502413107	311	1,572	SH		DFND		0	0	1,572
LOCKHEED MARTIN CORP	COM	539830109	1,325	4,127	SH		DFND		0	0	4,127
LOMA NEGRA CORP	SPONSORED ADS	54150E104	6,351	275,630	SH		DFND		0	0	275,630
LOMA NEGRA CORP	SPONSORED ADS	54150E104	12,714	551,821	SH		SOLE		551,821	0	0
MAGELLAN MIDSTREAM PRTNRS LP	COM UNIT RP LP	559080106	568	8,000	SH		DFND		0	0	8,000
MCDONALDS CORP	COM	580135101	432	2,512	SH		DFND		0	0	2,512
MERCK & CO INC	COM	58933Y105	328	5,771	SH		DFND		0	0	5,771
MICROSOFT CORP	COM	594918104	819	9,569	SH		DFND		0	0	9,569
MID AMER APT CMNTYS INC	COM	59522J103	1,870	18,598	SH		DFND		0	0	18,598
MONDELEZ INTL INC	CL A	609207105	331	7,683	SH		DFND		0	0	7,683
MOTOROLA SOLUTIONS INC	COM NEW	620076307	1,156	12,800	SH	Put	DFND		0	0	12,800
MOTOROLA SOLUTIONS INC	COM NEW	620076307	1	13	SH		DFND		0	0	13
MUELLER WTR PRODS INC	COM SER A	624758108	283	22,605	SH		DFND		0	0	22,605
MULESOFT INC	CL A	625207105	279	12,000	SH		DFND		0	0	12,000
NII HLDGS INC	COM PAR	62913F508	11	25,000	SH		SOLE		25,000	0	0
NEXGEN ENERGY LTD	COM	65340P106	160	62,550	SH		DFND		0	0	62,550
NEXGEN ENERGY LTD	COM	65340P106	455	177,550	SH		SOLE		177,550	0	0
NIKE INC	CL B	654106103	289	4,600	SH		DFND		0	0	4,600
NORFOLK SOUTHERN CORP	COM	655844108	1,474	10,175	SH		DFND		0	0	10,175
NUCOR CORP	COM	670346105	420	6,567	SH		DFND		0	0	6,567
NUVEEN CONNECTICUT QLTY MUN	COM	67060D107	143	12,000	SH		DFND		0	0	12,000
NVIDIA CORP	COM	67066G104	527	2,726	SH		DFND		0	0	2,726
NUVEEN HIGH INCOME DECMBR 20	COM	67076E107	701	70,000	SH		DFND		0	0	70,000
NUVEEN HIGH INCOME NOVEMBER	COM	67077N106	359	36,000	SH		DFND		0	0	36,000
PAMPA ENERGIA S A	SPONS ADR LVL I	697660207	11,015	163,710	SH		DFND		0	0	163,710
PAMPA ENERGIA S A	SPONS ADR LVL I	697660207	16,103	239,348	SH		SOLE		239,348	0	0
PAN AMERICAN SILVER CORP	COM	697900108	3,599	231,325	SH		SOLE		231,325	0	0
PATTERN ENERGY GROUP INC	CL A	70338P100	526	24,000	SH		DFND		0	0	24,000
PEPSICO INC	COM	713448108	557	4,611	SH		DFND		0	0	4,611
PFIZER INC	COM	717081103	289	7,991	SH		DFND		0	0	7,991
PHILIP MORRIS INTL INC	COM	718172109	514	4,816	SH		DFND		0	0	4,816
PIONEER NAT RES CO	COM	723787107	455	2,631	SH		DFND		0	0	2,631
POTASH CORP SASK INC	COM	73755L107	354	17,049	SH		DFND		0	0	17,049
POWERSHARES ETF TRUST	INTL DIV ACHV	73935X716	367	22,160	SH		DFND		0	0	22,160
POWERSHS DB MULTI SECT COMM	PS DB AGRICUL FD	73936B408	188	10,000	SH		SOLE		10,000	0	0
PROASSURANCE CORP	COM	74267C106	218	3,500	SH		DFND		0	0	3,500
PROCTER AND GAMBLE CO	COM	742718109	975	10,607	SH		DFND		0	0	10,607
PROSHARES TR	PSHS LC COR PLUS	74347R248	603	9,000	SH		DFND		0	0	9,000
QUALCOMM INC	COM	747525103	226	3,534	SH		DFND		0	0	3,534
QUINSTREET INC	COM	74874Q100	140	16,725	SH		DFND		0	0	16,725
RAYTHEON CO	COM NEW	755111507	417	2,219	SH		DFND		0	0	2,219
REGIONS FINL CORP NEW	COM	7591EP100	413	23,802	SH		DFND		0	0	23,802
RYDEX ETF TRUST	GUG S&P500 PU VA	78355W304	200	3,010	SH		DFND		0	0	3,010
SPDR GOLD TRUST	GOLD SHS	78463V107	61,825	500,000	SH	Call	DFND		0	0	500,000
SPDR GOLD TRUST	GOLD SHS	78463V107	11	91	SH		DFND		0	0	91
SPDR SERIES TRUST	S&P OILGAS EXP	78464A730	2,978	80,109	SH		SOLE		80,109	0	0
SCHLUMBERGER LTD	COM	806857108	274	4,031	SH		DFND		0	0	4,031
SHIFTPIXY INC	COM	82452L104	86	30,023	SH		DFND		0	0	30,023
SHIRE PLC	SPONSORED ADR	82481R106	379	2,444	SH		DFND		0	0	2,444
SONY CORP	SPONSORED ADR	835699307	108	2,504	SH		DFND		0	0	2,504
SONY CORP	SPONSORED ADR	835699307	584	13,000	SH		SOLE		13,000	0	0
SOUTHERN CO	COM	842587107	510	10,609	SH		DFND		0	0	10,609
SOUTHWEST AIRLS CO	COM	844741108	244	3,717	SH		DFND		0	0	3,717
STERICYCLE INC	COM	858912108	204	3,000	SH		DFND		0	0	3,000
TPI COMPOSITES INC	COM	87266J104	453	22,122	SH		DFND		0	0	22,122
TERNIUM SA	SPON ADR	880890108	839	26,566	SH		DFND		0	0	26,566
TESLA INC	COM	88160R101	506	1,625	SH		DFND		0	0	1,625
TEUCRIUM COMMODITY TR	WHEAT FD	88166A508	60	10,000	SH		SOLE		10,000	0	0
TEXAS INSTRS INC	COM	882508104	206	1,975	SH		DFND		0	0	1,975
THERMO FISHER SCIENTIFIC INC	COM	883556102	348	1,833	SH		DFND		0	0	1,833
3M CO	COM	88579Y101	572	2,431	SH		DFND		0	0	2,431
TIFFANY & CO NEW	COM	886547108	290	2,775	SH		DFND		0	0	2,775
TORCHMARK CORP	COM	891027104	8,269	91,158	SH		DFND		0	0	91,158
TRANSPORTADORA DE GAS SUR	SPON ADR B	893870204	1,593	71,669	SH		DFND		0	0	71,669
TRANSPORTADORA DE GAS SUR	SPON ADR B	893870204	10,400	467,834	SH		SOLE		467,834	0	0
TWITTER INC	COM	90184L102	236	9,818	SH		DFND		0	0	9,818
UNITEDHEALTH GROUP INC	COM	91324P102	1,461	6,627	SH		DFND		0	0	6,627
VALE S A	ADR	91912E105	3,094	253,580	SH		DFND		0	0	253,580
VALE S A	ADR	91912E105	5,992	489,974	SH		SOLE		489,974	0	0
VANECK VECTORS ETF TR	AGRIBUSINESS ETF	92189F700	277	4,500	SH		DFND		0	0	4,500
VANECK VECTORS ETF TR	OIL SVCS ETF	92189F718	111	4,263	SH		DFND		0	0	4,263
VANECK VECTORS ETF TR	OIL SVCS ETF	92189F718	2,553	98,000	SH		SOLE		98,000	0	0
VANGUARD SPECIALIZED FUNDS	DIV APP ETF	921908844	629	6,168	SH		DFND		0	0	6,168
VANGUARD BD INDEX FD INC	TOTAL BND MRKT	921937835	225	2,760	SH		DFND		0	0	2,760
VANGUARD TAX MANAGED INTL FD	FTSE DEV MKT ETF	921943858	214	4,770	SH		DFND		0	0	4,770
VANGUARD INTL EQUITY INDEX F	TT WRLD ST ETF	922042742	240	3,235	SH		DFND		0	0	3,235
VANGUARD INTL EQUITY INDEX F	ALLWRLD EX US	922042775	1,028	18,793	SH		DFND		0	0	18,793
VANGUARD WORLD FDS	CONSUM DIS ETF	92204A108	296	1,900	SH		DFND		0	0	1,900
VANGUARD WORLD FDS	INF TECH ETF	92204A702	555	3,370	SH		DFND		0	0	3,370
VANGUARD INDEX FDS	MID CAP ETF	922908629	330	2,130	SH		DFND		0	0	2,130
VERIZON COMMUNICATIONS INC	COM	92343V104	788	14,887	SH		DFND		0	0	14,887
VISA INC	COM CL A	92826C839	520	4,559	SH		DFND		0	0	4,559
VULCAN MATLS CO	COM	929160109	629	4,900	SH		DFND		0	0	4,900
WALGREENS BOOTS ALLIANCE INC	COM	931427108	500	6,882	SH		DFND		0	0	6,882
WASTE MGMT INC DEL	COM	94106L109	606	7,027	SH		DFND		0	0	7,027
WATERS CORP	COM	941848103	261	1,350	SH		DFND		0	0	1,350
WESTERN DIGITAL CORP	COM	958102105	219	2,731	SH		DFND		0	0	2,731
WEYERHAEUSER CO	COM	962166104	231	6,538	SH		DFND		0	0	6,538
WISDOMTREE TR	JAPN HEDGE EQT	97717W851	4,153	70,000	SH		SOLE		70,000	0	0
WISDOMTREE TR	JAPN HEDGE EQT	97717W851	21,994	370,708	SH		DFND		0	0	370,708
YPF SOCIEDAD ANONIMA	SPON ADR CL D	984245100	8,676	377,462	SH		DFND		0	0	377,462
YPF SOCIEDAD ANONIMA	SPON ADR CL D	984245100	12,710	554,800	SH	Call	SOLE		554,800	0	0
YPF SOCIEDAD ANONIMA	SPON ADR CL D	984245100	26,495	1,156,461	SH		SOLE		1,156,461	0	0
ALLERGAN PLC	SHS	G0177J108	319	1,948	SH		DFND		0	0	1,948
DESPEGAR COM CORP	ORD SHS	G27358103	1,182	43,002	SH		DFND		0	0	43,002
DESPEGAR COM CORP	ORD SHS	G27358103	15,348	558,511	SH		SOLE		558,511	0	0
GOLDEN OCEAN GROUP LTD	SHS NEW	G39637205	57	6,933	SH		DFND		0	0	6,933
GOLDEN OCEAN GROUP LTD	SHS NEW	G39637205	493	60,433	SH		SOLE		60,433	0	0
INGERSOLL-RAND PLC	SHS	G47791101	450	5,047	SH		DFND		0	0	5,047
WEATHERFORD INTL PLC	ORD SHS	G48833100	552	132,360	SH		DFND		0	0	132,360
JOHNSON CTLS INTL PLC	SHS	G51502105	334	8,752	SH		DFND		0	0	8,752
SEAGATE TECHNOLOGY PLC	SHS	G7945M107	267	6,297	SH		DFND		0	0	6,297
TE CONNECTIVITY LTD	REG SHS	H84989104	547	5,759	SH		DFND		0	0	5,759
ADECOAGRO S A	COM	L00849106	4,136	400,000	SH	Call	SOLE		400,000	0	0
ADECOAGRO S A	COM	L00849106	7,744	748,925	SH		DFND		0	0	748,925
ADECOAGRO S A	COM	L00849106	26,975	2,608,809	SH		SOLE		2,608,809	0	0
BROADCOM LTD	SHS	Y09827109	461	1,795	SH		DFND		0	0	1,795
DANAOS CORPORATION	SHS	Y1968P105	29	20,000	SH		SOLE		20,000	0	0
DIANA SHIPPING INC	COM	Y2066G104	51	12,500	SH		DFND		0	0	12,500
DIANA SHIPPING INC	COM	Y2066G104	252	62,019	SH		SOLE		62,019	0	0
GENCO SHIPPING & TRADING LTD	SHS	Y2685T131	113	8,516	SH		DFND		0	0	8,516
GENCO SHIPPING & TRADING LTD	SHS	Y2685T131	310	23,280	SH		SOLE		23,280	0	0
SAFE BULKERS INC	COM	Y7388L103	48	15,000	SH		DFND		0	0	15,000
SAFE BULKERS INC	COM	Y7388L103	539	166,848	SH		SOLE		166,848	0	0
SCORPIO BULKERS INC	COM	Y7546A122	111	15,000	SH		DFND		0	0	15,000
SCORPIO BULKERS INC	COM	Y7546A122	333	45,000	SH		SOLE		45,000	0	0
STAR BULK CARRIERS CORP	SHS PAR	Y8162K204	113	10,000	SH		DFND		0	0	10,000
STAR BULK CARRIERS CORP	SHS PAR	Y8162K204	957	85,000	SH		SOLE		85,000	0	0