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	322	1,637	SH		SOLE		1,637	0	0
ABBVIE INC	COM	00287Y109	542	5,846	SH		SOLE		5,846	0	0
ADECOAGRO S A	COM	L00849106	3,967	498,975	SH		SOLE		498,975	0	0
ADOBE SYS INC	COM	00724F101	311	1,276	SH		SOLE		1,276	0	0
AFLAC INC	COM	001055102	399	9,282	SH		SOLE		9,282	0	0
ALBEMARLE CORP	COM	012653101	253	2,672	SH		SOLE		2,672	0	0
ALEXION PHARMACEUTICALS INC	COM	015351109	248	2,000	SH		SOLE		2,000	0	0
ALPHABET INC	CAP STK CL C	02079K107	510	457	SH		SOLE		457	0	0
ALTRIA GROUP INC	COM	02209S103	443	7,711	SH		SOLE		7,711	0	0
ANHEUSER BUSCH INBEV SA/NV	SPONSORED ADR	03524A108	206	2,047	SH		SOLE		2,047	0	0
APPLE INC	COM	037833100	3,116	16,831	SH		SOLE		16,831	0	0
AT&T INC	COM	00206R102	1,090	33,959	SH		SOLE		33,959	0	0
AZUL S A	SPONSR ADR PFD	05501U106	3,857	235,785	SH		SOLE		235,785	0	0
BANCO MACRO SA	SPON ADR B	05961W105	7,944	135,123	SH		SOLE		135,123	0	0
BAXTER INTL INC	COM	071813109	355	4,796	SH		SOLE		4,796	0	0
BBVA BANCO FRANCES S A	SPONSORED ADR	07329M100	4,595	371,773	SH		SOLE		371,773	0	0
BLACKROCK 2022 GBL INCM OPP	COM	09258P104	224	25,000	SH		SOLE		25,000	0	0
BROADCOM INC	COM	11135F101	303	1,249	SH		SOLE		1,249	0	0
BROOKFIELD ASSET MGMT INC	CL A LTD VT SH	112585104	365	9,000	SH		SOLE		9,000	0	0
CAMECO CORP	COM	13321L108	9,646	857,413	SH		SOLE		857,413	0	0
CAMECO CORP	COM	13321L108	13,501	1,200,000	SH	Call	SOLE		1,200,000	0	0
CATERPILLAR INC DEL	COM	149123101	271	2,000	SH		SOLE		2,000	0	0
CENTRAL PUERTO S A	SPONSORED ADR	155038201	4,076	411,719	SH		SOLE		411,719	0	0
CENTRUS ENERGY CORP	CL A	15643U104	161	46,755	SH		SOLE		46,755	0	0
CHEVRON CORP NEW	COM	166764100	804	6,363	SH		SOLE		6,363	0	0
CHINA MOBILE LIMITED	SPONSORED ADR	16941M109	541	11,919	SH		SOLE		11,919	0	0
COCA COLA CO	COM	191216100	470	10,622	SH		SOLE		10,622	0	0
COMPANHIA ENERGETICA DE MINA	SP ADR N-V PFD	204409601	585	318,000	SH	Call	SOLE		318,000	0	0
CORPORACION AMER ARPTS S A	COM	L1995B107	8,887	1,052,945	SH		SOLE		1,052,945	0	0
COSTAMARE INC	SHS	Y1771G102	188	23,500	SH		SOLE		23,500	0	0
CRESUD S A C I F Y A	SPONSORED ADR	226406106	667	45,000	SH		SOLE		45,000	0	0
DANAHER CORP DEL	COM	235851102	290	2,939	SH		SOLE		2,939	0	0
DENISON MINES CORP	COM	248356107	480	954,089	SH		SOLE		954,089	0	0
DESPEGAR COM CORP	ORD SHS	G27358103	1,512	72,111	SH		SOLE		72,111	0	0
DHT HOLDINGS INC	SHS NEW	Y2065G121	1,479	315,314	SH		SOLE		315,314	0	0
DISNEY WALT CO	COM DISNEY	254687106	720	6,872	SH		SOLE		6,872	0	0
DORIAN LPG LTD	SHS USD	Y2106R110	324	42,426	SH		SOLE		42,426	0	0
ECO STIM ENERGY SOLUTIONS IN	COM	27888D101	3,977	6,117,923	SH		SOLE		6,117,923	0	0
EMERSON ELEC CO	COM	291011104	611	8,844	SH		SOLE		8,844	0	0
ETFS PLATINUM TR	SH BEN INT	26922V101	1,580	19,471	SH		SOLE		19,471	0	0
EURONAV NV ANTWERPEN	SHS	B38564108	2,218	241,100	SH		SOLE		241,100	0	0
EXTREME NETWORKS INC	COM	30226D106	80	10,000	SH		SOLE		10,000	0	0
FEDEX CORP	COM	31428X106	244	1,073	SH		SOLE		1,073	0	0
FRONTLINE LTD	SHS NEW	G3682E192	1,130	193,412	SH		SOLE		193,412	0	0
GENERAL ELECTRIC CO	COM	369604103	380	27,700	SH		SOLE		27,700	0	0
GENERAL ELECTRIC CO	COM	369604103	8,166	600,000	SH	Call	SOLE		600,000	0	0
GILEAD SCIENCES INC	COM	375558103	557	7,865	SH		SOLE		7,865	0	0
GLAXOSMITHKLINE PLC	SPONSORED ADR	37733W105	218	5,346	SH		SOLE		5,346	0	0
GLOBAL X FDS	GLOBAL X URANIUM	37954Y871	189	14,681	SH		SOLE		14,681	0	0
GLOBAL X FDS	MSCI GREECE ETF	37950E366	30,504	3,341,098	SH		SOLE		3,341,098	0	0
GLOBAL X FDS	MSCI GREECE ETF	37950E366	18,397	2,015,000	SH	Call	SOLE		2,015,000	0	0
GLOBALSTAR INC	COM	378973408	20	41,247	SH		SOLE		41,247	0	0
GOLAR LNG LTD BERMUDA	SHS	G9456A100	548	18,616	SH		SOLE		18,616	0	0
GRUPO FINANCIERO GALICIA S A	SP ADR 10 SH B	399909100	6,699	203,138	SH		SOLE		203,138	0	0
GRUPO SUPERVIELLE S A	SPONSORED ADR	40054A108	8,750	827,031	SH		SOLE		827,031	0	0
HANNON ARMSTRONG SUST INFR C	COM	41068X100	198	10,000	SH		SOLE		10,000	0	0
HERSHEY CO	COM	427866108	309	3,316	SH		SOLE		3,316	0	0
HOME DEPOT INC	COM	437076102	592	3,033	SH		SOLE		3,033	0	0
ILLINOIS TOOL WKS INC	COM	452308109	222	1,590	SH		SOLE		1,590	0	0
INGERSOLL-RAND PLC	SHS	G47791101	276	3,072	SH		SOLE		3,072	0	0
INTEL CORP	COM	458140100	484	9,742	SH		SOLE		9,742	0	0
INTERNATIONAL BUSINESS MACHS	COM	459200101	489	3,500	SH		SOLE		3,500	0	0
INTERNATIONAL SEAWAYS INC	COM	Y41053102	1,391	60,132	SH		SOLE		60,132	0	0
INTREPID POTASH INC	COM	46121Y102	6,809	1,660,728	SH		SOLE		1,660,728	0	0
INVESCO EXCHANGE TRADED FD T	INTL DIVI ACHI	46137V548	346	22,160	SH		SOLE		22,160	0	0
IRSA PROPIEDADES COMERCIALES	SPONSORED ADR	463588103	471	15,213	SH		SOLE		15,213	0	0
ISHARES INC	MSCI BRAZIL ETF	464286400	22	694	SH		SOLE		694	0	0
ISHARES INC	MSCI BRAZIL ETF	464286400	32,130	1,002,500	SH	Call	SOLE		1,002,500	0	0
ISHARES INC	MSCI MEXICO ETF	464286822	47,140	1,000,000	SH	Call	SOLE		1,000,000	0	0
ISHARES SILVER TRUST	ISHARES	46428Q109	4,716	311,300	SH		SOLE		311,300	0	0
ISHARES SILVER TRUST	ISHARES	46428Q109	30,906	2,040,000	SH	Call	SOLE		2,040,000	0	0
ISHARES TR	CORE MSCI EAFE	46432F842	313	4,936	SH		SOLE		4,936	0	0
ISHARES TR	MSCI SAUDI ARBIA	46434V423	1,285	40,951	SH		SOLE		40,951	0	0
JOHNSON & JOHNSON	COM	478160104	602	4,965	SH		SOLE		4,965	0	0
JOHNSON CTLS INTL PLC	SHS	G51502105	209	6,221	SH		SOLE		6,221	0	0
JPMORGAN CHASE & CO	COM	46625H100	501	4,811	SH		SOLE		4,811	0	0
LOCKHEED MARTIN CORP	COM	539830109	314	1,064	SH		SOLE		1,064	0	0
LOMA NEGRA CORP	SPONSORED ADS	54150E104	273	26,640	SH		SOLE		26,640	0	0
MAGELLAN MIDSTREAM PRTNRS LP	COM UNIT RP LP	559080106	235	3,400	SH		SOLE		3,400	0	0
MCDONALDS CORP	COM	580135101	363	2,318	SH		SOLE		2,318	0	0
MICROSOFT CORP	COM	594918104	539	5,470	SH		SOLE		5,470	0	0
MID AMER APT CMNTYS INC	COM	59522J103	1,186	11,778	SH		SOLE		11,778	0	0
MUELLER WTR PRODS INC	COM SER A	624758108	234	20,000	SH		SOLE		20,000	0	0
NEXGEN ENERGY LTD	COM	65340P106	3,236	1,739,890	SH		SOLE		1,739,890	0	0
NORDIC AMERICAN TANKERS LIMI	COM	G65773106	1,512	564,340	SH		SOLE		564,340	0	0
NORFOLK SOUTHERN CORP	COM	655844108	866	5,737	SH		SOLE		5,737	0	0
NUCOR CORP	COM	670346105	339	5,398	SH		SOLE		5,398	0	0
NUTRIEN LTD	COM	67077M108	345	6,292	SH		SOLE		6,292	0	0
NUVEEN CONNECTICUT QLTY MUN	COM	67060D107	143	12,000	SH		SOLE		12,000	0	0
NUVEEN HIGH INCOME DECMBR 20	COM	67076E107	691	70,000	SH		SOLE		70,000	0	0
NUVEEN HIGH INCOME NOVEMBER	COM	67077N106	202	21,000	SH		SOLE		21,000	0	0
PAMPA ENERGIA S A	SPONS ADR LVL I	697660207	15,089	421,827	SH		SOLE		421,827	0	0
PATTERN ENERGY GROUP INC	CL A	70338P100	460	24,000	SH		SOLE		24,000	0	0
PEPSICO INC	COM	713448108	216	1,982	SH		SOLE		1,982	0	0
PHILIP MORRIS INTL INC	COM	718172109	334	4,077	SH		SOLE		4,077	0	0
PROCTER AND GAMBLE CO	COM	742718109	486	6,226	SH		SOLE		6,226	0	0
PROSHARES TR	PSHS LC COR PLUS	74347R248	392	5,800	SH		SOLE		5,800	0	0
QUEST DIAGNOSTICS INC	COM	74834L100	220	2,000	SH		SOLE		2,000	0	0
RAYTHEON CO	COM NEW	755111507	419	2,171	SH		SOLE		2,171	0	0
REGIONS FINL CORP NEW	COM	7591EP100	366	20,500	SH		SOLE		20,500	0	0
SCORPIO TANKERS INC	SHS	Y7542C106	2,445	870,000	SH		SOLE		870,000	0	0
SHIFTPIXY INC	COM	82452L104	39	15,023	SH		SOLE		15,023	0	0
SHIRE PLC	SPONSORED ADR	82481R106	413	2,444	SH		SOLE		2,444	0	0
SOUTHERN CO	COM	842587107	326	7,039	SH		SOLE		7,039	0	0
SPDR GOLD TRUST	GOLD SHS	78463V107	75,937	640,000	SH	Call	SOLE		640,000	0	0
SPDR GOLD TRUST	GOLD SHS	78463V107	11	91	SH		SOLE		91	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	420,484	1,550,000	SH	Call	SOLE		1,550,000	0	0
SPDR S&P 500 ETF TR	TR UNIT	78462F103	354,292	1,306,000	SH	Put	SOLE		1,306,000	0	0
TEEKAY TANKERS LTD	CL A	Y8565N102	1,026	876,505	SH		SOLE		876,505	0	0
TELECOM ARGENTINA S A	SPON ADR REP B	879273209	2,559	144,266	SH		SOLE		144,266	0	0
TESLA INC	COM	88160R101	279	813	SH		SOLE		813	0	0
TORCHMARK CORP	COM	891027104	3,799	46,663	SH		SOLE		46,663	0	0
TRANSPORTADORA DE GAS SUR	SPON ADR B	893870204	10,089	831,055	SH		SOLE		831,055	0	0
UNITEDHEALTH GROUP INC	COM	91324P102	996	4,061	SH		SOLE		4,061	0	0
UR ENERGY INC	COM	91688R108	923	1,377,791	SH		SOLE		1,377,791	0	0
URANIUM ENERGY CORP	COM	916896103	999	620,417	SH		SOLE		620,417	0	0
VANECK VECTORS ETF TR	AGRIBUSINESS ETF	92189F700	280	4,500	SH		SOLE		4,500	0	0
VANECK VECTORS ETF TR	GOLD MINERS ETF	92189F106	4,571	204,869	SH		SOLE		204,869	0	0
VANECK VECTORS ETF TR	GOLD MINERS ETF	92189F106	6,403	287,000	SH	Call	SOLE		287,000	0	0
VANGUARD GROUP	DIV APP ETF	921908844	414	4,054	SH		SOLE		4,054	0	0
VANGUARD INDEX FDS	MCAP VL IDXVIP	922908512	210	1,900	SH		SOLE		1,900	0	0
VANGUARD INDEX FDS	MID CAP ETF	922908629	336	2,130	SH		SOLE		2,130	0	0
VANGUARD INDEX FDS	SMALL CP ETF	922908751	206	1,325	SH		SOLE		1,325	0	0
VANGUARD INTL EQUITY INDEX F	ALLWRLD EX US	922042775	974	18,793	SH		SOLE		18,793	0	0
VERIZON COMMUNICATIONS INC	COM	92343V104	775	15,408	SH		SOLE		15,408	0	0
VULCAN MATLS CO	COM	929160109	258	2,000	SH		SOLE		2,000	0	0
WALGREENS BOOTS ALLIANCE INC	COM	931427108	257	4,276	SH		SOLE		4,276	0	0
WASTE MGMT INC DEL	COM	94106L109	447	5,500	SH		SOLE		5,500	0	0
WEATHERFORD INTL PLC	ORD SHS	G48833100	429	130,396	SH		SOLE		130,396	0	0
WISDOMTREE TR	JAPN HEDGE EQT	97717W851	14,769	273,603	SH		SOLE		273,603	0	0
YPF SOCIEDAD ANONIMA	SPON ADR CL D	984245100	5,892	433,865	SH		SOLE		433,865	0	0