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	353	1,610	SH		SOLE		1,610	0	0
ABBVIE INC	COM	00287Y109	537	5,672	SH		SOLE		5,672	0	0
ADECOAGRO S A	COM	L00849106	15,565	2,069,853	SH		SOLE		2,069,853	0	0
ADOBE SYS INC	COM	00724F101	274	1,269	SH		SOLE		1,269	0	0
AFLAC INC	COM	001055102	362	8,282	SH		SOLE		8,282	0	0
ALBEMARLE CORP	COM	012653101	249	2,672	SH		SOLE		2,672	0	0
ALEXION PHARMACEUTICALS INC	COM	015351109	227	2,039	SH		SOLE		2,039	0	0
ALIBABA GROUP HLDG LTD	SPONSORED ADS	01609W102	5,356	30,000	SH	Call	SOLE		30,000	0	0
ALPHABET INC	CAP STK CL C	02079K107	480	465	SH		SOLE		465	0	0
ALTRIA GROUP INC	COM	02209S103	385	6,107	SH		SOLE		6,107	0	0
ANHEUSER BUSCH INBEV SA/NV	SPONSORED ADR	03524A108	220	2,000	SH		SOLE		2,000	0	0
APPLE INC	COM	037833100	2,799	16,681	SH		SOLE		16,681	0	0
AT&T INC	COM	00206R102	543	15,227	SH		SOLE		15,227	0	0
AZUL S A	SPONSR ADR PFD	05501U106	10,428	300,084	SH		SOLE		300,084	0	0
BANCO BRADESCO S A	SP ADR PFD NEW	059460303	9,258	779,130	SH		SOLE		779,130	0	0
BAXTER INTL INC	COM	071813109	274	4,196	SH		SOLE		4,196	0	0
BLACKROCK 2022 GBL INCM OPP	COM	09258P104	237	25,000	SH		SOLE		25,000	0	0
BROADCOM LTD	SHS	Y09827109	277	1,175	SH		SOLE		1,175	0	0
BROOKFIELD ASSET MGMT INC	CL A LTD VT SH	112585104	351	9,000	SH		SOLE		9,000	0	0
CAMECO CORP	COM	13321L108	2,459	278,500	SH		SOLE		278,500	0	0
CAMECO CORP	COM	13321L108	2,106	200,000	SH	Call	SOLE		200,000	0	0
CATERPILLAR INC DEL	COM	149123101	295	2,000	SH		SOLE		2,000	0	0
CENTRAIS ELETRICAS BRASILEIR	SPONSORED ADR	15234Q207	2,833	446,100	SH		SOLE		446,100	0	0
CENTRAL PUERTO S A	SPONSORED ADR	155038201	1,498	88,096	SH		SOLE		88,096	0	0
CENTRUS ENERGY CORP	CL A	15643U104	219	61,815	SH		SOLE		61,815	0	0
CHEVRON CORP NEW	COM	166764100	611	5,354	SH		SOLE		5,354	0	0
CHINA MOBILE LIMITED	SPONSORED ADR	16941M109	539	11,790	SH		SOLE		11,790	0	0
COCA COLA CO	COM	191216100	385	8,781	SH		SOLE		8,781	0	0
COMPANHIA ENERGETICA DE MINA	SP ADR N-V PFD	204409601	704	272,920	SH		SOLE		272,920	0	0
COMPANHIA ENERGETICA DE MINA	SP ADR N-V PFD	204409601	760	318,000	SH	Call	SOLE		318,000	0	0
CORPORACION AMER ARPTS S A	COM	L1995B107	8,862	718,190	SH		SOLE		718,190	0	0
DANAHER CORP DEL	COM	235851102	271	2,768	SH		SOLE	��	2,768	0	0
DANAOS CORPORATION	SHS	Y1968P105	25	20,000	SH		SOLE		20,000	0	0
DENISON MINES CORP	COM	248356107	199	441,617	SH		SOLE		441,617	0	0
DHT HOLDINGS INC	SHS NEW	Y2065G121	140	41,143	SH		SOLE		41,143	0	0
DIANA SHIPPING INC	COM	Y2066G104	364	99,519	SH		SOLE		99,519	0	0
DISNEY WALT CO	COM DISNEY	254687106	681	6,783	SH		SOLE		6,783	0	0
DORIAN LPG LTD	SHS USD	Y2106R110	318	42,426	SH		SOLE		42,426	0	0
EAGLE BULK SHIPPING INC	SHS NEW	Y2187A143	626	126,500	SH		SOLE		126,500	0	0
ECO STIM ENERGY SOLUTIONS IN	COM	27888D101	5,685	5,984,205	SH		SOLE		5,984,205	0	0
EMERSON ELEC CO	COM	291011104	448	6,555	SH		SOLE		6,555	0	0
ETFS PLATINUM TR	SH BEN INT	26922V101	975	11,000	SH		SOLE		11,000	0	0
EURONAV NV ANTWERPEN	SHS	B38564108	164	20,000	SH		SOLE		20,000	0	0
EXTREME NETWORKS INC	COM	30226D106	111	10,000	SH		SOLE		10,000	0	0
FEDEX CORP	COM	31428X106	244	1,014	SH		SOLE		1,014	0	0
FIRST TR EXCHANGE TRADED FD	NAT GAS ETF	33733E807	2,255	110,000	SH		SOLE		110,000	0	0
FREEPORT-MCMORAN INC	CL B	35671D857	347	19,733	SH		SOLE		19,733	0	0
GENCO SHIPPING & TRADING LTD	SHS	Y2685T131	452	31,796	SH		SOLE		31,796	0	0
GENERAL ELECTRIC CO	COM	369604103	363	26,700	SH		SOLE		26,700	0	0
GENERAL ELECTRIC CO	COM	369604103	13,423	954,000	SH	Call	SOLE		954,000	0	0
GERDAU S A	SPON ADR REP PFD	373737105	6,869	1,474,001	SH		SOLE		1,474,001	0	0
GILEAD SCIENCES INC	COM	375558103	598	7,926	SH		SOLE		7,926	0	0
GLAXOSMITHKLINE PLC	SPONSORED ADR	37733W105	204	5,087	SH		SOLE		5,087	0	0
GLOBAL X FDS	GLOBAL X URANIUM	37954Y871	5,862	502,659	SH		SOLE		502,659	0	0
GLOBAL X FDS	MSCI GREECE ETF	37950E366	24,681	2,544,398	SH		SOLE		2,544,398	0	0
GLOBAL X FDS	MSCI GREECE ETF	37950E366	17,499	1,640,000	SH	Call	SOLE		1,640,000	0	0
GLOBALSTAR INC	COM	378973408	28	41,247	SH		SOLE		41,247	0	0
GOLAR LNG LTD BERMUDA	SHS	G9456A100	381	13,916	SH		SOLE		13,916	0	0
GOLDEN OCEAN GROUP LTD	SHS NEW	G39637205	536	67,366	SH		SOLE		67,366	0	0
GRUPO SUPERVIELLE S A	SPONSORED ADR	40054A108	5,384	177,446	SH		SOLE		177,446	0	0
HANNON ARMSTRONG SUST INFR C	COM	41068X100	195	10,000	SH		SOLE		10,000	0	0
HERSHEY CO	COM	427866108	328	3,316	SH		SOLE		3,316	0	0
HOME DEPOT INC	COM	437076102	429	2,405	SH		SOLE		2,405	0	0
ILLINOIS TOOL WKS INC	COM	452308109	251	1,595	SH		SOLE		1,595	0	0
INGERSOLL-RAND PLC	SHS	G47791101	263	3,072	SH		SOLE		3,072	0	0
INTEL CORP	COM	458140100	477	9,167	SH		SOLE		9,167	0	0
INTERNATIONAL BUSINESS MACHS	COM	459200101	541	3,529	SH		SOLE		3,529	0	0
INTREPID POTASH INC	COM	46121Y102	7,137	1,960,728	SH		SOLE		1,960,728	0	0
IQIYI INC	SPONSORED ADS	46267X108	4,665	300,000	SH		SOLE		300,000	0	0
ISHARES INC	MSCI BRAZIL ETF	464286400	424	9,440	SH		SOLE		9,440	0	0
ISHARES INC	MSCI BRAZIL ETF	464286400	4,230	100,000	SH	Put	SOLE		100,000	0	0
ISHARES SILVER TRUST	ISHARES	46428Q109	4,890	317,300	SH		SOLE		317,300	0	0
ISHARES SILVER TRUST	ISHARES	46428Q109	16,918	1,100,000	SH	Call	SOLE		1,100,000	0	0
ISHARES TR	CORE MSCI EAFE	46432F842	325	4,936	SH		SOLE		4,936	0	0
ISHARES TR	RUSSELL 2000 ETF	464287655	15,332	100,000	SH	Put	SOLE		100,000	0	0
JOHNSON & JOHNSON	COM	478160104	591	4,614	SH		SOLE		4,614	0	0
JOHNSON CTLS INTL PLC	SHS	G51502105	217	6,127	SH		SOLE		6,127	0	0
JPMORGAN CHASE & CO	COM	46625H100	516	4,690	SH		SOLE		4,690	0	0
LOCKHEED MARTIN CORP	COM	539830109	342	1,011	SH		SOLE		1,011	0	0
LOMA NEGRA CORP	SPONSORED ADS	54150E104	6,492	304,509	SH		SOLE		304,509	0	0
MCDONALDS CORP	COM	580135101	256	1,637	SH		SOLE		1,637	0	0
MICROSOFT CORP	COM	594918104	442	4,843	SH		SOLE		4,843	0	0
MID AMER APT CMNTYS INC	COM	59522J103	978	10,718	SH		SOLE		10,718	0	0
MOSAIC CO NEW	COM	61945C103	1,180	48,600	SH		SOLE		48,600	0	0
MUELLER WTR PRODS INC	COM SER A	624758108	217	20,000	SH		SOLE		20,000	0	0
NEXGEN ENERGY LTD	COM	65340P106	957	598,000	SH		SOLE		598,000	0	0
NORFOLK SOUTHERN CORP	COM	655844108	779	5,737	SH		SOLE		5,737	0	0
NUCOR CORP	COM	670346105	332	5,398	SH		SOLE		5,398	0	0
NUVEEN CONNECTICUT QLTY MUN	COM	67060D107	138	12,000	SH		SOLE		12,000	0	0
NUVEEN HIGH INCOME DECMBR 20	COM	67076E107	692	70,000	SH		SOLE		70,000	0	0
NUVEEN HIGH INCOME NOVEMBER	COM	67077N106	107	11,000	SH		SOLE		11,000	0	0
OCWEN FINL CORP	COM NEW	675746309	374	90,688	SH		SOLE		90,688	0	0
PAMPA ENERGIA S A	SPONS ADR LVL I	697660207	15,652	262,624	SH		SOLE		262,624	0	0
PATTERN ENERGY GROUP INC	CL A	70338P100	425	24,000	SH		SOLE		24,000	0	0
PHILIP MORRIS INTL INC	COM	718172109	345	3,434	SH		SOLE		3,434	0	0
POWERSHARES ETF TRUST	INTL DIV ACHV	73935X716	349	22,160	SH		SOLE		22,160	0	0
POWERSHS DB MULTI SECT COMM	PS DB AGRICUL FD	73936B408	1,035	55,000	SH		SOLE		55,000	0	0
PROCTER AND GAMBLE CO	COM	742718109	448	5,655	SH		SOLE		5,655	0	0
PROSHARES TR	PSHS LC COR PLUS	74347R248	386	5,800	SH		SOLE		5,800	0	0
QUEST DIAGNOSTICS INC	COM	74834L100	201	2,000	SH		SOLE		2,000	0	0
RAYTHEON CO	COM NEW	755111507	480	2,224	SH		SOLE		2,224	0	0
REGIONS FINL CORP NEW	COM	7591EP100	411	22,002	SH		SOLE		22,002	0	0
SAFE BULKERS INC	COM	Y7388L103	1,378	434,646	SH		SOLE		434,646	0	0
SCORPIO BULKERS INC	COM	Y7546A122	1,333	232,327	SH		SOLE		232,327	0	0
SELECT SECTOR SPDR TR	SBI INT-UTILS	81369Y886	38,670	750,000	SH	Call	SOLE		750,000	0	0
SHIFTPIXY INC	COM	82452L104	43	15,023	SH		SOLE		15,023	0	0
SHIRE PLC	SPONSORED ADR	82481R106	367	2,444	SH		SOLE		2,444	0	0
SONY CORP	SPONSORED ADR	835699307	1,186	24,541	SH		SOLE		24,541	0	0
SOUTHERN CO	COM	842587107	296	6,624	SH		SOLE		6,624	0	0
SPDR GOLD TRUST	GOLD SHS	78463V107	11	91	SH		SOLE		91	0	0
SPDR GOLD TRUST	GOLD SHS	78463V107	49,836	400,000	SH	Call	SOLE		400,000	0	0
SPDR S&P 500 ETF TR	TR UNIT	78462F103	20	74	SH		SOLE		74	0	0
SPDR S&P 500 ETF TR	TR UNIT	78462F103	84,643	320,000	SH	Call	SOLE		320,000	0	0
SPDR S&P 500 ETF TR	TR UNIT	78462F103	119,823	453,000	SH	Put	SOLE		453,000	0	0
STAR BULK CARRIERS CORP	SHS PAR	Y8162K204	2,656	228,376	SH		SOLE		228,376	0	0
TESLA INC	COM	88160R101	216	813	SH		SOLE		813	0	0
TEUCRIUM COMMODITY TR	WHEAT FD	88166A508	248	40,000	SH		SOLE		40,000	0	0
TORCHMARK CORP	COM	891027104	4,078	48,452	SH		SOLE		48,452	0	0
TRANSPORTADORA DE GAS SUR	SPON ADR B	893870204	10,662	524,168	SH		SOLE		524,168	0	0
TSAKOS ENERGY NAVIGATION LTD	SHS	G9108L108	63	19,129	SH		SOLE		19,129	0	0
UNITED STATES OIL FUND LP	UNITS	91232N108	13,800	1,000,000	SH	Call	SOLE		1,000,000	0	0
UNITEDHEALTH GROUP INC	COM	91324P102	880	4,112	SH		SOLE		4,112	0	0
UR ENERGY INC	COM	91688R108	130	216,989	SH		SOLE		216,989	0	0
URANIUM ENERGY CORP	COM	916896103	754	575,382	SH		SOLE		575,382	0	0
VALE S A	ADR	91912E105	8,375	658,401	SH		SOLE		658,401	0	0
VANECK VECTORS ETF TR	AGRIBUSINESS ETF	92189F700	278	4,500	SH		SOLE		4,500	0	0
VANECK VECTORS ETF TR	GOLD MINERS ETF	92189F106	226	10,269	SH		SOLE		10,269	0	0
VANECK VECTORS ETF TR	GOLD MINERS ETF	92189F106	3,342	150,000	SH	Call	SOLE		150,000	0	0
VANECK VECTORS ETF TR	JR GOLD MINERS E	92189F791	172	5,354	SH		SOLE		5,354	0	0
VANGUARD GROUP	DIV APP ETF	921908844	409	4,051	SH		SOLE		4,051	0	0
VANGUARD INDEX FDS	MID CAP ETF	922908629	328	2,130	SH		SOLE		2,130	0	0
VANGUARD INTL EQUITY INDEX F	ALLWRLD EX US	922042775	1,022	18,793	SH		SOLE		18,793	0	0
VERIZON COMMUNICATIONS INC	COM	92343V104	634	13,254	SH		SOLE		13,254	0	0
VULCAN MATLS CO	COM	929160109	228	2,000	SH		SOLE		2,000	0	0
WALGREENS BOOTS ALLIANCE INC	COM	931427108	280	4,276	SH		SOLE		4,276	0	0
WASTE MGMT INC DEL	COM	94106L109	423	5,025	SH		SOLE		5,025	0	0
WEATHERFORD INTL PLC	ORD SHS	G48833100	301	131,570	SH		SOLE		131,570	0	0
WISDOMTREE TR	JAPN HEDGE EQT	97717W851	23,131	412,983	SH		SOLE		412,983	0	0
YPF SOCIEDAD ANONIMA	SPON ADR CL D	984245100	23,869	1,104,026	SH		SOLE		1,104,026	0	0