Kapitalo Investimentos Ltda 13FHR Quarterly holdings report by institutional manager | SEC 29 Mar 24

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
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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
AGILENT TECHNOLOGIES INC	COM	00846U101	168,350	1,400	SH		SOLE		0	0	1,400
AAON INC	COM PAR $0.004	000360206	60,173	952	SH		SOLE		0	0	952
ADVANCE AUTO PARTS INC	COM	00751Y106	206,331	2,935	SH		SOLE		0	0	2,935
APPLE INC	COM	037833100	131,706	679	SH		SOLE		0	0	679
ABBVIE INC	COM	00287Y109	132,844	986	SH		SOLE		0	0	986
AMERISOURCEBERGEN CORP	COM	03073E105	76,010	395	SH		SOLE		0	0	395
ABBOTT LABS	COM	002824100	266,881	2,448	SH		SOLE		0	0	2,448
ALBERTSONS COS INC	COMMON STOCK	013091103	6,136,439	281,230	SH		SOLE		0	0	281,230
AXCELIS TECHNOLOGIES INC	COM NEW	054540208	136,214	743	SH		SOLE		0	0	743
ENACT HLDGS INC	COM	29249E109	162,742	6,476	SH		SOLE		0	0	6,476
AGREE RLTY CORP	COM	008492100	76,179	1,165	SH		SOLE		0	0	1,165
ANALOG DEVICES INC	COM	032654105	210,395	1,080	SH		SOLE		0	0	1,080
AMERICAN ELEC PWR CO INC	COM	025537101	170,000	2,019	SH		SOLE		0	0	2,019
AMERICAN FINL GROUP INC OHIO	COM	025932104	37,288	314	SH		SOLE		0	0	314
AFLAC INC	COM	001055102	37,064	531	SH		SOLE		0	0	531
AFFIRM HLDGS INC	COM CL A	00827B106	15,161	989	SH		SOLE		0	0	989
AGILON HEALTH INC	COM	00857U107	169,533	9,777	SH		SOLE		0	0	9,777
AVANGRID INC	COM	05351W103	215,002	5,706	SH		SOLE		0	0	5,706
APARTMENT INCOME REIT CORP	COM	03750L109	75,969	2,105	SH		SOLE		0	0	2,105
APPLIED INDL TECHNOLOGIES IN	COM	03820C105	115,140	795	SH		SOLE		0	0	795
ASSURANT INC	COM	04621X108	23,635	188	SH		SOLE		0	0	188
GALLAGHER ARTHUR J & CO	COM	363576109	552,438	2,516	SH		SOLE		0	0	2,516
AEROJET ROCKETDYNE HLDGS INC	COM	007800105	8,707,485	158,693	SH		SOLE		0	0	158,693
ALLEGRO MICROSYSTEMS INC	COM	01749D105	146,931	3,255	SH		SOLE		0	0	3,255
ALLSTATE CORP	COM	020002101	175,882	1,613	SH		SOLE		0	0	1,613
ALLISON TRANSMISSION HLDGS I	COM	01973R101	61,993	1,098	SH		SOLE		0	0	1,098
ALTAIR ENGR INC	COM CL A	021369103	123,164	1,624	SH		SOLE		0	0	1,624
AUTOLIV INC	COM	052800109	64,120	754	SH		SOLE		0	0	754
AFFILIATED MANAGERS GROUP IN	COM	008252108	24,432	163	SH		SOLE		0	0	163
AMERICAN HOMES 4 RENT	CL A	02665T306	116,241	3,279	SH		SOLE		0	0	3,279
SMITH A O CORP	COM	831865209	102,183	1,404	SH		SOLE		0	0	1,404
AMPHENOL CORP NEW	CL A	032095101	31,262	368	SH		SOLE		0	0	368
APELLIS PHARMACEUTICALS INC	COM	03753U106	464,883	5,103	SH		SOLE		0	0	5,103
APPLOVIN CORP	COM CL A	03831W108	392,743	15,264	SH		SOLE		0	0	15,264
ALTSHARES TRUST	MERGER ARBITRAGE	02210T108	5,094,000	200,000	SH		SOLE		0	0	200,000
ARES CAPITAL CORP	COM	04010L103	47,651	2,536	SH		SOLE		0	0	2,536
ASHLAND INC	COM	044186104	597,767	6,878	SH		SOLE		0	0	6,878
ATMOS ENERGY CORP	COM	049560105	483,393	4,155	SH		SOLE		0	0	4,155
APTARGROUP INC	COM	038336103	844,967	7,293	SH		SOLE		0	0	7,293
ACTIVISION BLIZZARD INC	COM	00507V109	23,446,612	278,133	SH		SOLE		0	0	278,133
AXON ENTERPRISE INC	COM	05464C101	137,950	707	SH		SOLE		0	0	707
ACUITY BRANDS INC	COM	00508Y102	93,119	571	SH		SOLE		0	0	571
AUTOZONE INC	COM	053332102	446,311	179	SH		SOLE		0	0	179
ASPEN TECHNOLOGY INC	COM	29109X106	165,263	986	SH		SOLE		0	0	986
BANK AMERICA CORP	COM	060505104	25,907	903	SH		SOLE		0	0	903
BELDEN INC	COM	077454106	63,320	662	SH		SOLE		0	0	662
BIOGEN INC	COM	09062X103	478,833	1,681	SH		SOLE		0	0	1,681
BROOKFIELD INFRASTRUCTURE CO	COM SB VTG SHS A	11275Q107	845,327	18,546	SH		SOLE		0	0	18,546
BJS WHSL CLUB HLDGS INC	COM	05550J101	505,466	8,022	SH		SOLE		0	0	8,022
BLACK KNIGHT INC	COM	09215C105	31,114	560	SH		SOLE		0	0	560
BOOKING HOLDINGS INC	COM	09857L108	599,473	222	SH		SOLE		0	0	222
BUILDERS FIRSTSOURCE INC	COM	12008R107	395,488	2,908	SH		SOLE		0	0	2,908
BLACKROCK INC	COM	09247X101	22,116	32	SH		SOLE		0	0	32
BADGER METER INC	COM	056525108	143,871	975	SH		SOLE		0	0	975
BRISTOL-MYERS SQUIBB CO	COM	110122108	122,720	1,919	SH		SOLE		0	0	1,919
BOK FINL CORP	COM NEW	05561Q201	16,802	208	SH		SOLE		0	0	208
BRUKER CORP	COM	116794108	55,070	745	SH		SOLE		0	0	745
BROWN & BROWN INC	COM	115236101	410,080	5,957	SH		SOLE		0	0	5,957
BANCO SANTANDER MEXICO SA	SPONSORED ADS B	05969B103	78,050	15,610	SH		SOLE		0	0	15,610
BOSTON SCIENTIFIC CORP	COM	101137107	49,222	910	SH		SOLE		0	0	910
BURLINGTON STORES INC	COM	122017106	243,010	1,544	SH		SOLE		0	0	1,544
BWX TECHNOLOGIES INC	COM	05605H100	67,848	948	SH		SOLE		0	0	948
BOYD GAMING CORP	COM	103304101	102,806	1,482	SH		SOLE		0	0	1,482
CITIGROUP INC	COM NEW	172967424	21,593	469	SH		SOLE		0	0	469
CACI INTL INC	CL A	127190304	66,123	194	SH		SOLE		0	0	194
CONAGRA BRANDS INC	COM	205887102	266,051	7,890	SH		SOLE		0	0	7,890
CARDINAL HEALTH INC	COM	14149Y108	119,820	1,267	SH		SOLE		0	0	1,267
CASEYS GEN STORES INC	COM	147528103	987,470	4,049	SH		SOLE		0	0	4,049
CBOE GLOBAL MKTS INC	COM	12503M108	193,628	1,403	SH		SOLE		0	0	1,403
CBRE GROUP INC	CL A	12504L109	300,403	3,722	SH		SOLE		0	0	3,722
COMMERCE BANCSHARES INC	COM	200525103	16,697	360	SH		SOLE		0	0	360
CDW CORP	COM	12514G108	63,308	345	SH		SOLE		0	0	345
CF INDS HLDGS INC	COM	125269100	202,429	2,916	SH		SOLE		0	0	2,916
CHURCHILL DOWNS INC	COM	171484108	508,110	3,651	SH		SOLE		0	0	3,651
CHEMED CORP NEW	COM	16359R103	52,000	96	SH		SOLE		0	0	96
CHOICE HOTELS INTL INC	COM	169905106	412,260	3,508	SH		SOLE		0	0	3,508
CHORD ENERGY CORPORATION	COM NEW	674215207	536,608	3,489	SH		SOLE		0	0	3,489
C H ROBINSON WORLDWIDE INC	COM NEW	12541W209	216,911	2,299	SH		SOLE		0	0	2,299
THE CIGNA GROUP	COM	125523100	99,613	355	SH		SOLE		0	0	355
CIENA CORP	COM NEW	171779309	78,946	1,858	SH		SOLE		0	0	1,858
CIA ENERGETICA DE MINAS GERA	SP ADR N-V PFD	204409601	1,416,076	538,432	SH		SOLE		0	0	538,432
CINCINNATI FINL CORP	COM	172062101	7,591	78	SH		SOLE		0	0	78
CIVITAS RESOURCES INC	COM NEW	17888H103	487,324	7,025	SH		SOLE		0	0	7,025
COLGATE PALMOLIVE CO	COM	194162103	70,260	912	SH		SOLE		0	0	912
CLEAN HARBORS INC	COM	184496107	40,943	249	SH		SOLE		0	0	249
CLOROX CO DEL	COM	189054109	754,168	4,742	SH		SOLE		0	0	4,742
COMCAST CORP NEW	CL A	20030N101	278,385	6,700	SH		SOLE		0	0	6,700
CME GROUP INC	COM	12572Q105	50,584	273	SH		SOLE		0	0	273
CHIPOTLE MEXICAN GRILL INC	COM	169656105	539,028	252	SH		SOLE		0	0	252
CUMMINS INC	COM	231021106	43,638	178	SH		SOLE		0	0	178
CNA FINL CORP	COM	126117100	149,382	3,868	SH		SOLE		0	0	3,868
CENTENE CORP DEL	COM	15135B101	152,302	2,258	SH		SOLE		0	0	2,258
CENTERPOINT ENERGY INC	COM	15189T107	100,568	3,450	SH		SOLE		0	0	3,450
CONCENTRIX CORP	COM	20602D101	163,923	2,030	SH		SOLE		0	0	2,030
COINBASE GLOBAL INC	COM CL A	19260Q107	420,857	5,882	SH		SOLE		0	0	5,882
COCA COLA CONS INC	COM	191098102	143,105	225	SH		SOLE		0	0	225
COLUMBIA SPORTSWEAR CO	COM	198516106	145,366	1,882	SH		SOLE		0	0	1,882
COOPER COS INC	COM NEW	216648402	95,378	995	SH		SOLE		0	0	995
CAMPBELL SOUP CO	COM	134429109	677,879	14,830	SH		SOLE		0	0	14,830
COPART INC	COM	217204106	177,860	3,900	SH		SOLE		0	0	3,900
SALESFORCE INC	COM	79466L302	214,006	1,013	SH		SOLE		0	0	1,013
CROCS INC	COM	227046109	174,394	1,551	SH		SOLE		0	0	1,551
CIRRUS LOGIC INC	COM	172755100	107,257	1,324	SH		SOLE		0	0	1,324
COSAN S A	ADS	22113B103	2,278,418	152,709	SH		SOLE		0	0	152,709
CSX CORP	COM	126408103	30,281	888	SH		SOLE		0	0	888
COTERRA ENERGY INC	COM	127097103	137,506	5,435	SH		SOLE		0	0	5,435
COGNIZANT TECHNOLOGY SOLUTIO	CL A	192446102	61,428	941	SH		SOLE		0	0	941
CORTEVA INC	COM	22052L104	114,543	1,999	SH		SOLE		0	0	1,999
CUBESMART	COM	229663109	376,261	8,425	SH		SOLE		0	0	8,425
CVS HEALTH CORP	COM	126650100	54,474	788	SH		SOLE		0	0	788
CASELLA WASTE SYS INC	CL A	147448104	667,069	7,375	SH		SOLE		0	0	7,375
DONALDSON INC	COM	257651109	257,729	4,123	SH		SOLE		0	0	4,123
DATADOG INC	CL A COM	23804L103	326,523	3,319	SH		SOLE		0	0	3,319
DELL TECHNOLOGIES INC	CL C	24703L202	216,224	3,996	SH		SOLE		0	0	3,996
DENBURY INC	COM	24790A101	664,288	7,701	SH		SOLE		0	0	7,701
DIAGEO PLC	SPON ADR NEW	25243Q205	13,323,264	76,800	SH		SOLE		0	0	76,800
DOLLAR GEN CORP NEW	COM	256677105	13,912,792	81,946	SH		SOLE		0	0	81,946
D R HORTON INC	COM	23331A109	69,485	571	SH		SOLE		0	0	571
DIODES INC	COM	254543101	128,469	1,389	SH		SOLE		0	0	1,389
DRAFTKINGS INC NEW	COM CL A	26142V105	215,695	8,118	SH		SOLE		0	0	8,118
DICKS SPORTING GOODS INC	COM	253393102	88,699	671	SH		SOLE		0	0	671
DOLBY LABORATORIES INC	COM CL A	25659T107	263,843	3,153	SH		SOLE		0	0	3,153
DOLLAR TREE INC	COM	256746108	317,279	2,211	SH		SOLE		0	0	2,211
DOVER CORP	COM	260003108	31,302	212	SH		SOLE		0	0	212
DOW INC	COM	260557103	129,688	2,435	SH		SOLE		0	0	2,435
DRIVEN BRANDS HLDGS INC	COM	26210V102	193,858	7,164	SH		SOLE		0	0	7,164
DUKE ENERGY CORP NEW	COM NEW	26441C204	203,620	2,269	SH		SOLE		0	0	2,269
DUOLINGO INC	CL A COM	26603R106	282,878	1,979	SH		SOLE		0	0	1,979
DAVITA INC	COM	23918K108	517,923	5,155	SH		SOLE		0	0	5,155
CENTRAIS ELETRICAS BRASILEIR	SPONSORED ADR	15234Q207	5,736,312	693,629	SH		SOLE		0	0	693,629
ECOLAB INC	COM	278865100	303,185	1,624	SH		SOLE		0	0	1,624
CONSOLIDATED EDISON INC	COM	209115104	948,658	10,494	SH		SOLE		0	0	10,494
ENDEAVOR GROUP HLDGS INC	CL A COM	29260Y109	827,393	34,590	SH		SOLE		0	0	34,590
EURONET WORLDWIDE INC	COM	298736109	367,838	3,134	SH		SOLE		0	0	3,134
ELEVANCE HEALTH INC	COM	036752103	108,407	244	SH		SOLE		0	0	244
ISHARES TR	JPMORGAN USD EMG	464288281	10,899,973	125,953	SH		SOLE		0	0	125,953
EMCOR GROUP INC	COM	29084Q100	119,368	646	SH		SOLE		0	0	646
ESSENTIAL PPTYS RLTY TR INC	COM	29670E107	63,558	2,700	SH		SOLE		0	0	2,700
EQT CORP	COM	26884L109	319,745	7,774	SH		SOLE		0	0	7,774
ERIE INDTY CO	CL A	29530P102	173,048	824	SH		SOLE		0	0	824
EQUITRANS MIDSTREAM CORP	COM	294600101	605,846	63,373	SH		SOLE		0	0	63,373
EVE HLDG INC	COM	29970N104	5,240,000	500,000	SH		SOLE		0	0	500,000
ISHARES INC	MSCI NETHERL ETF	464286814	4,815,116	111,255	SH		SOLE		0	0	111,255
ISHARES INC	MSCI BRAZIL ETF	464286400	127,986,941	3,946,560	SH		SOLE		0	0	3,946,560
EXELIXIS INC	COM	30161Q104	379,353	19,851	SH		SOLE		0	0	19,851
EXLSERVICE HOLDINGS INC	COM	302081104	43,264	1,432	SH		SOLE		0	0	1,432
EAGLE MATLS INC	COM	26969P108	461,762	2,477	SH		SOLE		0	0	2,477
EXPEDITORS INTL WASH INC	COM	302130109	64,805	535	SH		SOLE		0	0	535
EXTRA SPACE STORAGE INC	COM	30225T102	278,201	1,869	SH		SOLE		0	0	1,869
FIRST AMERN FINL CORP	COM	31847R102	27,598	484	SH		SOLE		0	0	484
DIAMONDBACK ENERGY INC	COM	25278X109	110,211	839	SH		SOLE		0	0	839
FASTENAL CO	COM	311900104	139,334	2,362	SH		SOLE		0	0	2,362
FORTUNE BRANDS INNOVATIONS I	COM	34964C106	314,493	4,371	SH		SOLE		0	0	4,371
FIRSTCASH HOLDINGS INC	COM	33768G107	391,893	4,199	SH		SOLE		0	0	4,199
FIRST CTZNS BANCSHARES INC N	CL A	31946M103	455,625	355	SH		SOLE		0	0	355
FACTSET RESH SYS INC	COM	303075105	31,651	79	SH		SOLE		0	0	79
FEDEX CORP	COM	31428X106	124,198	501	SH		SOLE		0	0	501
FAIR ISAAC CORP	COM	303250104	212,013	262	SH		SOLE		0	0	262
FIVE BELOW INC	COM	33829M101	227,200	1,156	SH		SOLE		0	0	1,156
FLOWERS FOODS INC	COM	343498101	278,830	11,207	SH		SOLE		0	0	11,207
FLUOR CORP NEW	COM	343412102	113,901	3,848	SH		SOLE		0	0	3,848
FLEETCOR TECHNOLOGIES INC	COM	339041105	107,713	429	SH		SOLE		0	0	429
FMC CORP	COM NEW	302491303	165,901	1,590	SH		SOLE		0	0	1,590
FIDELITY NATIONAL FINANCIAL	FNF GROUP COM	31620R303	32,760	910	SH		SOLE		0	0	910
FOCUS FINL PARTNERS INC	COM CL A	34417P100	2,706,733	51,547	SH		SOLE		0	0	51,547
FORGEROCK INC	CL A	34631B101	3,500,694	170,433	SH		SOLE		0	0	170,433
SHIFT4 PMTS INC	CL A	82452J109	142,747	2,102	SH		SOLE		0	0	2,102
FOX CORP	CL A COM	35137L105	15,844	466	SH		SOLE		0	0	466
FIRST INDL RLTY TR INC	COM	32054K103	536,244	10,187	SH		SOLE		0	0	10,187
FIRST SOLAR INC	COM	336433107	354,708	1,866	SH		SOLE		0	0	1,866
FORTINET INC	COM	34959E109	164,106	2,171	SH		SOLE		0	0	2,171
ISHARES TR	CHINA LG-CAP ETF	464287184	35,620,613	1,310,063	SH		SOLE		0	0	1,310,063
GENERAL DYNAMICS CORP	COM	369550108	123,926	576	SH		SOLE		0	0	576
GODADDY INC	CL A	380237107	52,215	695	SH		SOLE		0	0	695
GENERAL ELECTRIC CO	COM NEW	369604301	418,529	3,810	SH		SOLE		0	0	3,810
GE HEALTHCARE TECHNOLOGIES I	COMMON STOCK	36266G107	150,375	1,851	SH		SOLE		0	0	1,851
GILEAD SCIENCES INC	COM	375558103	147,281	1,911	SH		SOLE		0	0	1,911
GENERAL MLS INC	COM	370334104	862,492	11,245	SH		SOLE		0	0	11,245
GLOBE LIFE INC	COM	37959E102	203,784	1,859	SH		SOLE		0	0	1,859
GAMING & LEISURE PPTYS INC	COM	36467J108	233,965	4,828	SH		SOLE		0	0	4,828
ALPHABET INC	CAP STK CL A	02079K305	1,045,101	8,731	SH		SOLE		0	0	8,731
GENUINE PARTS CO	COM	372460105	278,553	1,646	SH		SOLE		0	0	1,646
GRAPHIC PACKAGING HLDG CO	COM	388689101	584,674	24,331	SH		SOLE		0	0	24,331
GOLDMAN SACHS GROUP INC	COM	38141G104	33,544	104	SH		SOLE		0	0	104
GUIDEWIRE SOFTWARE INC	COM	40171V100	171,180	2,250	SH		SOLE		0	0	2,250
GXO LOGISTICS INCORPORATED	COMMON STOCK	36262G101	194,868	3,102	SH		SOLE		0	0	3,102
HYATT HOTELS CORP	COM CL A	448579102	196,619	1,716	SH		SOLE		0	0	1,716
HAEMONETICS CORP MASS	COM	405024100	238,392	2,800	SH		SOLE		0	0	2,800
HEICO CORP NEW	COM	422806109	186,495	1,054	SH		SOLE		0	0	1,054
HESS CORP	COM	42809H107	462,502	3,402	SH		SOLE		0	0	3,402
HARTFORD FINL SVCS GROUP INC	COM	416515104	37,594	522	SH		SOLE		0	0	522
HOULIHAN LOKEY INC	CL A	441593100	33,032	336	SH		SOLE		0	0	336
HILTON WORLDWIDE HLDGS INC	COM	43300A203	457,609	3,144	SH		SOLE		0	0	3,144
HOLOGIC INC	COM	436440101	220,562	2,724	SH		SOLE		0	0	2,724
HONEYWELL INTL INC	COM	438516106	109,560	528	SH		SOLE		0	0	528
HP INC	COM	40434L105	110,852	3,127	SH		SOLE		0	0	3,127
HENRY SCHEIN INC	COM	806407102	110,377	1,361	SH		SOLE		0	0	1,361
HOST HOTELS & RESORTS INC	COM	44107P104	406,798	24,171	SH		SOLE		0	0	24,171
HERSHEY CO	COM	427866108	289,153	1,158	SH		SOLE		0	0	1,158
HUBSPOT INC	COM	443573100	151,646	285	SH		SOLE		0	0	285
HUMANA INC	COM	444859102	267,384	598	SH		SOLE		0	0	598
HOWMET AEROSPACE INC	COM	443201108	391,722	7,904	SH		SOLE		0	0	7,904
HEXCEL CORP NEW	COM	428291108	498,843	6,562	SH		SOLE		0	0	6,562
VANECK ETF TRUST	EMERGING MRKT HI	92189F353	915,000	50,000	SH		SOLE		0	0	50,000
ISHARES TR	IBOXX HI YD ETF	464288513	15,488,292	206,318	SH		SOLE		0	0	206,318
HORIZON THERAPEUTICS PUB L	SHS	G46188101	31,654,145	307,770	SH		SOLE		0	0	307,770
INTERACTIVE BROKERS GROUP IN	COM CL A	45841N107	25,004	301	SH		SOLE		0	0	301
INTERCONTINENTAL EXCHANGE IN	COM	45866F104	43,875	388	SH		SOLE		0	0	388
IDACORP INC	COM	451107106	559,170	5,450	SH		SOLE		0	0	5,450
IDEXX LABS INC	COM	45168D104	400,780	798	SH		SOLE		0	0	798
IDEX CORP	COM	45167R104	168,118	781	SH		SOLE		0	0	781
INCYTE CORP	COM	45337C102	64,242	1,032	SH		SOLE		0	0	1,032
INGREDION INC	COM	457187102	752,351	7,101	SH		SOLE		0	0	7,101
INVITATION HOMES INC	COM	46187W107	459,481	13,357	SH		SOLE		0	0	13,357
INTERNATIONAL PAPER CO	COM	460146103	214,081	6,730	SH		SOLE		0	0	6,730
INTERPUBLIC GROUP COS INC	COM	460690100	294,790	7,641	SH		SOLE		0	0	7,641
IRIDIUM COMMUNICATIONS INC	COM	46269C102	934,595	15,045	SH		SOLE		0	0	15,045
IRON MTN INC DEL	COM	46284V101	450,583	7,930	SH		SOLE		0	0	7,930
INTRA-CELLULAR THERAPIES INC	COM	46116X101	41,411	654	SH		SOLE		0	0	654
JACOBS SOLUTIONS INC	COM	46982L108	211,268	1,777	SH		SOLE		0	0	1,777
HUNT J B TRANS SVCS INC	COM	445658107	56,119	310	SH		SOLE		0	0	310
JPMORGAN CHASE & CO	COM	46625H100	156,203	1,074	SH		SOLE		0	0	1,074
KELLOGG CO	COM	487836108	166,267	2,629	SH		SOLE		0	0	2,629
KIRBY CORP	COM	497266106	100,805	1,310	SH		SOLE		0	0	1,310
KEYSIGHT TECHNOLOGIES INC	COM	49338L103	39,686	237	SH		SOLE		0	0	237
KRAFT HEINZ CO	COM	500754106	561,326	15,812	SH		SOLE		0	0	15,812
KIMBERLY-CLARK CORP	COM	494368103	325,269	2,356	SH		SOLE		0	0	2,356
KINDER MORGAN INC DEL	COM	49456B101	51,729	3,004	SH		SOLE		0	0	3,004
KNIGHT-SWIFT TRANSN HLDGS IN	CL A	499049104	206,683	3,720	SH		SOLE		0	0	3,720
COCA COLA CO	COM	191216100	127,064	2,110	SH		SOLE		0	0	2,110
KROGER CO	COM	501044101	740,062	15,746	SH		SOLE		0	0	15,746
LOEWS CORP	COM	540424108	153,972	2,593	SH		SOLE		0	0	2,593
LAMAR ADVERTISING CO NEW	CL A	512816109	158,205	1,594	SH		SOLE		0	0	1,594
LANCASTER COLONY CORP	COM	513847103	788,474	3,921	SH		SOLE		0	0	3,921
LUCID GROUP INC	COM	549498103	143,030	20,759	SH		SOLE		0	0	20,759
LEGGETT & PLATT INC	COM	524660107	71,147	2,402	SH		SOLE		0	0	2,402
LEGEND BIOTECH CORP	SPONSORED ADS	52490G102	334,174	4,841	SH		SOLE		0	0	4,841
LENNAR CORP	CL A	526057104	84,960	678	SH		SOLE		0	0	678
LITTELFUSE INC	COM	537008104	212,656	730	SH		SOLE		0	0	730
LKQ CORP	COM	501889208	325,380	5,584	SH		SOLE		0	0	5,584
LILLY ELI & CO	COM	532457108	469,449	1,001	SH		SOLE		0	0	1,001
LOCKHEED MARTIN CORP	COM	539830109	202,567	440	SH		SOLE		0	0	440
LANTHEUS HLDGS INC	COM	516544103	459,378	5,474	SH		SOLE		0	0	5,474
LOGITECH INTL S A	SHS	H50430232	252,331	4,248	SH		SOLE		0	0	4,248
LOUISIANA PAC CORP	COM	546347105	403,767	5,385	SH		SOLE		0	0	5,385
LAM RESEARCH CORP	COM	512807108	340,073	529	SH		SOLE		0	0	529
LIFE STORAGE INC	COM	53223X107	485,171	3,649	SH		SOLE		0	0	3,649
LANDSTAR SYS INC	COM	515098101	106,090	551	SH		SOLE		0	0	551
LAS VEGAS SANDS CORP	COM	517834107	504,600	8,700	SH		SOLE		0	0	8,700
LAMB WESTON HLDGS INC	COM	513272104	291,973	2,540	SH		SOLE		0	0	2,540
MASTERCARD INCORPORATED	CL A	57636Q104	412,572	1,049	SH		SOLE		0	0	1,049
MARRIOTT INTL INC NEW	CL A	571903202	414,772	2,258	SH		SOLE		0	0	2,258
MATTEL INC	COM	577081102	281,415	14,402	SH		SOLE		0	0	14,402
ISHARES TR	MBS ETF	464288588	3,904,562	41,863	SH		SOLE		0	0	41,863
MCDONALDS CORP	COM	580135101	202,620	679	SH		SOLE		0	0	679
MCKESSON CORP	COM	58155Q103	226,474	530	SH		SOLE		0	0	530
MOODYS CORP	COM	615369105	28,165	81	SH		SOLE		0	0	81
MADRIGAL PHARMACEUTICALS INC	COM	558868105	335,181	1,451	SH		SOLE		0	0	1,451
MONDELEZ INTL INC	CL A	609207105	719,043	9,858	SH		SOLE		0	0	9,858
VERADIGM INC	COM	01988P108	78,926	6,264	SH		SOLE		0	0	6,264
MDU RES GROUP INC	COM	552690109	56,454	2,696	SH		SOLE		0	0	2,696
MGM RESORTS INTERNATIONAL	COM	552953101	374,111	8,518	SH		SOLE		0	0	8,518
MIDDLEBY CORP	COM	596278101	110,133	745	SH		SOLE		0	0	745
MARKEL GROUP CORP	COM	570535104	240,673	174	SH		SOLE		0	0	174
MARKETAXESS HLDGS INC	COM	57060D108	118,946	455	SH		SOLE		0	0	455
MARTIN MARIETTA MATLS INC	COM	573284106	444,146	962	SH		SOLE		0	0	962
MARSH & MCLENNAN COS INC	COM	571748102	200,869	1,068	SH		SOLE		0	0	1,068
MAGELLAN MIDSTREAM PRTNRS LP	COM UNIT RP LP	559080106	1,119,766	17,968	SH		SOLE		0	0	17,968
MAXIMUS INC	COM	577933104	44,114	522	SH		SOLE		0	0	522
MERIT MED SYS INC	COM	589889104	652,643	7,803	SH		SOLE		0	0	7,803
MONSTER BEVERAGE CORP NEW	COM	61174X109	515,524	8,975	SH		SOLE		0	0	8,975
ALTRIA GROUP INC	COM	02209S103	298,889	6,598	SH		SOLE		0	0	6,598
MOLINA HEALTHCARE INC	COM	60855R100	168,694	560	SH		SOLE		0	0	560
MORNINGSTAR INC	COM	617700109	24,313	124	SH		SOLE		0	0	124
MOSAIC CO NEW	COM	61945C103	53,340	1,524	SH		SOLE		0	0	1,524
MARATHON PETE CORP	COM	56585A102	293,249	2,515	SH		SOLE		0	0	2,515
MERCK & CO INC	COM	58933Y105	708,033	6,136	SH		SOLE		0	0	6,136
MORGAN STANLEY	COM NEW	617446448	25,108	294	SH		SOLE		0	0	294
MICROSOFT CORP	COM	594918104	1,612,116	4,734	SH		SOLE		0	0	4,734
MADISON SQUARE GRDN SPRT COR	CL A	55825T103	957,927	5,094	SH		SOLE		0	0	5,094
MOTOROLA SOLUTIONS INC	COM NEW	620076307	600,051	2,046	SH		SOLE		0	0	2,046
MSC INDL DIRECT INC	CL A	553530106	204,280	2,144	SH		SOLE		0	0	2,144
METTLER TOLEDO INTERNATIONAL	COM	592688105	196,746	150	SH		SOLE		0	0	150
MGIC INVT CORP WIS	COM	552848103	475,263	30,099	SH		SOLE		0	0	30,099
MACOM TECH SOLUTIONS HLDGS I	COM	55405Y100	82,568	1,260	SH		SOLE		0	0	1,260
MICRON TECHNOLOGY INC	COM	595112103	312,836	4,957	SH		SOLE		0	0	4,957
MURPHY USA INC	COM	626755102	224,621	722	SH		SOLE		0	0	722
NATIONAL INSTRS CORP	COM	636518102	4,684,529	81,612	SH		SOLE		0	0	81,612
NEUROCRINE BIOSCIENCES INC	COM	64125C109	44,510	472	SH		SOLE		0	0	472
NASDAQ INC	COM	631103108	175,921	3,529	SH		SOLE		0	0	3,529
NEW RELIC INC	COM	64829B100	365,482	5,585	SH		SOLE		0	0	5,585
NISOURCE INC	COM	65473P105	306,758	11,216	SH		SOLE		0	0	11,216
NEW JERSEY RES CORP	COM	646025106	537,514	11,388	SH		SOLE		0	0	11,388
ANNALY CAPITAL MANAGEMENT IN	COM NEW	035710839	17,789	889	SH		SOLE		0	0	889
NNN REIT INC	COM	637417106	687,849	16,075	SH		SOLE		0	0	16,075
NOVANTA INC	COM	67000B104	209,322	1,137	SH		SOLE		0	0	1,137
NRG ENERGY INC	COM NEW	629377508	398,241	10,651	SH		SOLE		0	0	10,651
INSIGHT ENTERPRISES INC	COM	45765U103	11,122	76	SH		SOLE		0	0	76
INSPERITY INC	COM	45778Q107	30,930	260	SH		SOLE		0	0	260
NETAPP INC	COM	64110D104	62,342	816	SH		SOLE		0	0	816
NVIDIA CORPORATION	COM	67066G104	91,795	217	SH		SOLE		0	0	217
ENVISTA HOLDINGS CORPORATION	COM	29415F104	143,143	4,230	SH		SOLE		0	0	4,230
NEWS CORP NEW	CL A	65249B109	288,717	14,806	SH		SOLE		0	0	14,806
NEXSTAR MEDIA GROUP INC	COMMON STOCK	65336K103	215,516	1,294	SH		SOLE		0	0	1,294
NEW YORK CMNTY BANCORP INC	COM	649445103	469,169	41,741	SH		SOLE		0	0	41,741
ONE GAS INC	COM	68235P108	869,336	11,318	SH		SOLE		0	0	11,318
OKTA INC	CL A	679295105	47,366	683	SH		SOLE		0	0	683
UNIVERSAL DISPLAY CORP	COM	91347P105	538,902	3,739	SH		SOLE		0	0	3,739
OLIN CORP	COM PAR $1	680665205	313,068	6,092	SH		SOLE		0	0	6,092
OMNICOM GROUP INC	COM	681919106	933,422	9,810	SH		SOLE		0	0	9,810
ON SEMICONDUCTOR CORP	COM	682189105	140,262	1,483	SH		SOLE		0	0	1,483
ONTO INNOVATION INC	COM	683344105	358,495	3,078	SH		SOLE		0	0	3,078
ORMAT TECHNOLOGIES INC	COM	686688102	282,012	3,505	SH		SOLE		0	0	3,505
OWL ROCK CAPITAL CORPORATION	COM	69121K104	88,706	6,610	SH		SOLE		0	0	6,610
OLD REP INTL CORP	COM	680223104	224,365	8,914	SH		SOLE		0	0	8,914
OREILLY AUTOMOTIVE INC	COM	67103H107	595,152	623	SH		SOLE		0	0	623
OCCIDENTAL PETE CORP	COM	674599105	183,632	3,123	SH		SOLE		0	0	3,123
PENSKE AUTOMOTIVE GRP INC	COM	70959W103	56,488	339	SH		SOLE		0	0	339
PROSPERITY BANCSHARES INC	COM	743606105	22,987	407	SH		SOLE		0	0	407
PETROLEO BRASILEIRO SA PETRO	SPONSORED ADR	71654V408	29,043	2,100	SH		SOLE		0	0	2,100
PACCAR INC	COM	693718108	63,574	760	SH		SOLE		0	0	760
PG&E CORP	COM	69331C108	158,700	9,184	SH		SOLE		0	0	9,184
PDC ENERGY INC	COM	69327R101	387,144	5,442	SH		SOLE		0	0	5,442
HEALTHPEAK PROPERTIES INC	COM	42250P103	44,743	2,226	SH		SOLE		0	0	2,226
PUBLIC SVC ENTERPRISE GRP IN	COM	744573106	75,257	1,202	SH		SOLE		0	0	1,202
PEPSICO INC	COM	713448108	95,944	518	SH		SOLE		0	0	518
PERFORMANCE FOOD GROUP CO	COM	71377A103	359,151	5,962	SH		SOLE		0	0	5,962
PROCTER AND GAMBLE CO	COM	742718109	104,397	688	SH		SOLE		0	0	688
PROGRESSIVE CORP	COM	743315103	186,112	1,406	SH		SOLE		0	0	1,406
PULTE GROUP INC	COM	745867101	197,618	2,544	SH		SOLE		0	0	2,544
PACKAGING CORP AMER	COM	695156109	100,970	764	SH		SOLE		0	0	764
PROLOGIS INC.	COM	74340W103	351,580	2,867	SH		SOLE		0	0	2,867
PHILIP MORRIS INTL INC	COM	718172109	14,012,863	143,545	SH		SOLE		0	0	143,545
PNM RES INC	COM	69349H107	12,650,370	280,496	SH		SOLE		0	0	280,496
INSULET CORP	COM	45784P101	388,106	1,346	SH		SOLE		0	0	1,346
PORTLAND GEN ELEC CO	COM NEW	736508847	571,654	12,207	SH		SOLE		0	0	12,207
POST HLDGS INC	COM	737446104	193,576	2,234	SH		SOLE		0	0	2,234
PILGRIMS PRIDE CORP	COM	72147K108	327,765	15,252	SH		SOLE		0	0	15,252
PPG INDS INC	COM	693506107	312,023	2,104	SH		SOLE		0	0	2,104
PPL CORP	COM	69351T106	261,160	9,870	SH		SOLE		0	0	9,870
PRIMERICA INC	COM	74164M108	149,309	755	SH		SOLE		0	0	755
PUBLIC STORAGE	COM	74460D109	189,722	650	SH		SOLE		0	0	650
PARSONS CORP DEL	COM	70202L102	61,523	1,278	SH		SOLE		0	0	1,278
PHILLIPS 66	COM	718546104	485,770	5,093	SH		SOLE		0	0	5,093
PIONEER NAT RES CO	COM	723787107	374,167	1,806	SH		SOLE		0	0	1,806
QUALCOMM INC	COM	747525103	700,431	5,884	SH		SOLE		0	0	5,884
RBC BEARINGS INC	COM	75524B104	183,980	846	SH		SOLE		0	0	846
ROBLOX CORP	CL A	771049103	295,681	7,337	SH		SOLE		0	0	7,337
REGENCY CTRS CORP	COM	758849103	125,270	2,028	SH		SOLE		0	0	2,028
REXFORD INDL RLTY INC	COM	76169C100	117,338	2,247	SH		SOLE		0	0	2,247
REINSURANCE GRP OF AMERICA I	COM NEW	759351604	444,779	3,207	SH		SOLE		0	0	3,207
ROYAL GOLD INC	COM	780287108	587,674	5,120	SH		SOLE		0	0	5,120
RYMAN HOSPITALITY PPTYS INC	COM	78377T107	440,162	4,737	SH		SOLE		0	0	4,737
RIO TINTO PLC	SPONSORED ADR	767204100	6,384,000	100,000	SH		SOLE		0	0	100,000
RLI CORP	COM	749607107	37,939	278	SH		SOLE		0	0	278
RAMBUS INC DEL	COM	750917106	357,491	5,571	SH		SOLE		0	0	5,571
RESMED INC	COM	761152107	238,821	1,093	SH		SOLE		0	0	1,093
ROLLINS INC	COM	775711104	403,673	9,425	SH		SOLE		0	0	9,425
ROPER TECHNOLOGIES INC	COM	776696106	305,308	635	SH		SOLE		0	0	635
ROYALTY PHARMA PLC	SHS CLASS A	G7709Q104	99,444	3,235	SH		SOLE		0	0	3,235
RANGE RES CORP	COM	75281A109	498,183	16,945	SH		SOLE		0	0	16,945
RELIANCE STEEL & ALUMINUM CO	COM	759509102	193,644	713	SH		SOLE		0	0	713
REPUBLIC SVCS INC	COM	760759100	259,623	1,695	SH		SOLE		0	0	1,695
RAYTHEON TECHNOLOGIES CORP	COM	75513E101	179,071	1,828	SH		SOLE		0	0	1,828
REVVITY INC	COM	714046109	82,440	694	SH		SOLE		0	0	694
RYAN SPECIALTY HOLDINGS INC	CL A	78351F107	559,778	12,470	SH		SOLE		0	0	12,470
STARBUCKS CORP	COM	855244109	480,936	4,855	SH		SOLE		0	0	4,855
SCHWAB CHARLES CORP	COM	808513105	14,270,210	251,768	SH		SOLE		0	0	251,768
SEABOARD CORP DEL	COM	811543107	242,129	68	SH		SOLE		0	0	68
SEI INVTS CO	COM	784117103	90,384	1,516	SH		SOLE		0	0	1,516
SEAGEN INC	COM	81181C104	4,990,488	25,930	SH		SOLE		0	0	25,930
SELECTIVE INS GROUP INC	COM	816300107	452,980	4,721	SH		SOLE		0	0	4,721
SILICON MOTION TECHNOLOGY CO	SPONSORED ADR	82706C108	3,729,031	51,893	SH		SOLE		0	0	51,893
SMUCKER J M CO	COM NEW	832696405	95,395	646	SH		SOLE		0	0	646
SKECHERS U S A INC	CL A	830566105	534,868	10,157	SH		SOLE		0	0	10,157
SILGAN HLDGS INC	COM	827048109	151,126	3,223	SH		SOLE		0	0	3,223
SMARTSHEET INC	COM CL A	83200N103	108,276	2,830	SH		SOLE		0	0	2,830
SNAP ON INC	COM	833034101	40,347	140	SH		SOLE		0	0	140
SCHNEIDER NATIONAL INC	CL B	80689H102	218,042	7,592	SH		SOLE		0	0	7,592
SNOWFLAKE INC	CL A	833445109	113,331	644	SH		SOLE		0	0	644
TD SYNNEX CORPORATION	COM	87162W100	219,302	2,333	SH		SOLE		0	0	2,333
SOUTHERN CO	COM	842587107	563,827	8,026	SH		SOLE		0	0	8,026
SONOCO PRODS CO	COM	835495102	475,996	8,065	SH		SOLE		0	0	8,065
S&P GLOBAL INC	COM	78409V104	32,071	80	SH		SOLE		0	0	80
SPIRIT RLTY CAP INC NEW	COM NEW	84860W300	135,546	3,442	SH		SOLE		0	0	3,442
SAREPTA THERAPEUTICS INC	COM	803607100	399,446	3,488	SH		SOLE		0	0	3,488
SIMPSON MFG INC	COM	829073105	216,337	1,562	SH		SOLE		0	0	1,562
STAG INDL INC	COM	85254J102	96,410	2,687	SH		SOLE		0	0	2,687
SUMMIT MATLS INC	CL A	86614U100	368,508	9,736	SH		SOLE		0	0	9,736
SUZANO S A	SPON ADS	86959K105	514,707	55,825	SH		SOLE		0	0	55,825
TRANSDIGM GROUP INC	COM	893641100	522,195	584	SH		SOLE		0	0	584
TELEDYNE TECHNOLOGIES INC	COM	879360105	82,678	203	SH		SOLE		0	0	203
BIO-TECHNE CORP	COM	09073M104	414,109	5,073	SH		SOLE		0	0	5,073
TECK RESOURCES LTD	CL B	878742204	23,366,047	555,013	SH		SOLE		0	0	555,013
TARGET CORP	COM	87612E106	366,023	2,775	SH		SOLE		0	0	2,775
HANOVER INS GROUP INC	COM	410867105	37,526	332	SH		SOLE		0	0	332
TAYLOR MORRISON HOME CORP	COM	87724P106	218,490	4,480	SH		SOLE		0	0	4,480
T-MOBILE US INC	COM	872590104	635,745	4,577	SH		SOLE		0	0	4,577
TOAST INC	CL A	888787108	139,731	6,191	SH		SOLE		0	0	6,191
TREX CO INC	COM	89531P105	212,546	3,242	SH		SOLE		0	0	3,242
TARGA RES CORP	COM	87612G101	101,594	1,335	SH		SOLE		0	0	1,335
TERRENO RLTY CORP	COM	88146M101	877,160	14,595	SH		SOLE		0	0	14,595
TRAVELERS COMPANIES INC	COM	89417E109	176,612	1,017	SH		SOLE		0	0	1,017
TRACTOR SUPPLY CO	COM	892356106	218,889	990	SH		SOLE		0	0	990
TOWER SEMICONDUCTOR LTD	SHS NEW	M87915274	3,651,634	97,325	SH		SOLE		0	0	97,325
TAIWAN SEMICONDUCTOR MFG LTD	SPONSORED ADS	874039100	1,690,915	16,755	SH		SOLE		0	0	16,755
TORO CO	COM	891092108	419,713	4,129	SH		SOLE		0	0	4,129
TAKE-TWO INTERACTIVE SOFTWAR	COM	874054109	543,903	3,696	SH		SOLE		0	0	3,696
TRADEWEB MKTS INC	CL A	892672106	25,064	366	SH		SOLE		0	0	366
TEXAS INSTRS INC	COM	882508104	38,164	212	SH		SOLE		0	0	212
TEXAS ROADHOUSE INC	COM	882681109	476,741	4,246	SH		SOLE		0	0	4,246
TEXTRON INC	COM	883203101	181,587	2,685	SH		SOLE		0	0	2,685
TYLER TECHNOLOGIES INC	COM	902252105	502,679	1,207	SH		SOLE		0	0	1,207
UGI CORP NEW	COM	902681105	345,836	12,823	SH		SOLE		0	0	12,823
ULTA BEAUTY INC	COM	90384S303	267,769	569	SH		SOLE		0	0	569
UNITEDHEALTH GROUP INC	COM	91324P102	371,535	773	SH		SOLE		0	0	773
UNUM GROUP	COM	91529Y106	474,854	9,955	SH		SOLE		0	0	9,955
UNITED PARCEL SERVICE INC	CL B	911312106	132,287	738	SH		SOLE		0	0	738
US FOODS HLDG CORP	COM	912008109	179,784	4,086	SH		SOLE		0	0	4,086
VISA INC	COM CL A	92826C839	1,851,157	7,795	SH		SOLE		0	0	7,795
MARRIOTT VACATIONS WORLDWIDE	COM	57164Y107	37,061	302	SH		SOLE		0	0	302
VALE S A	SPONSORED ADS	91912E105	9,394	700	SH		SOLE		0	0	700
VICI PPTYS INC	COM	925652109	236,856	7,536	SH		SOLE		0	0	7,536
VULCAN MATLS CO	COM	929160109	344,698	1,529	SH		SOLE		0	0	1,529
VALMONT INDS INC	COM	920253101	162,988	560	SH		SOLE		0	0	560
VONTIER CORPORATION	COM	928881101	183,597	5,700	SH		SOLE		0	0	5,700
VOYA FINANCIAL INC	COM	929089100	108,784	1,517	SH		SOLE		0	0	1,517
VERISIGN INC	COM	92343E102	434,088	1,921	SH		SOLE		0	0	1,921
VERTEX PHARMACEUTICALS INC	COM	92532F100	219,240	623	SH		SOLE		0	0	623
VISTRA CORP	COM	92840M102	401,835	15,308	SH		SOLE		0	0	15,308
VTEX	SHS CL A	G9470A102	47,808	9,960	SH		SOLE		0	0	9,960
VALVOLINE INC	COM	92047W101	636,432	16,967	SH		SOLE		0	0	16,967
WABTEC	COM	929740108	44,526	406	SH		SOLE		0	0	406
WESTERN ALLIANCE BANCORP	COM	957638109	8,352	229	SH		SOLE		0	0	229
WORKDAY INC	CL A	98138H101	1,988,961	8,805	SH		SOLE		0	0	8,805
WELLTOWER INC	COM	95040Q104	128,322	1,567	SH		SOLE		0	0	1,567
WENDYS CO	COM	95058W100	507,254	23,322	SH		SOLE		0	0	23,322
WELLS FARGO CO NEW	COM	949746101	24,498	574	SH		SOLE		0	0	574
WINGSTOP INC	COM	974155103	443,755	2,217	SH		SOLE		0	0	2,217
WESTLAKE CORPORATION	COM	960413102	382,782	3,204	SH		SOLE		0	0	3,204
WASTE MGMT INC DEL	COM	94106L109	265,159	1,529	SH		SOLE		0	0	1,529
BERKLEY W R CORP	COM	084423102	88,208	1,481	SH		SOLE		0	0	1,481
WILLSCOT MOBIL MINI HLDNG CO	COM CL A	971378104	109,869	2,299	SH		SOLE		0	0	2,299
WATTS WATER TECHNOLOGIES INC	CL A	942749102	28,111	153	SH		SOLE		0	0	153
WESTERN UN CO	COM	959802109	157,710	13,445	SH		SOLE		0	0	13,445
WOODWARD INC	COM	980745103	194,299	1,634	SH		SOLE		0	0	1,634
WORLD WRESTLING ENTMT INC	CL A	98156Q108	1,184,818	10,923	SH		SOLE		0	0	10,923
WYNN RESORTS LTD	COM	983134107	464,790	4,401	SH		SOLE		0	0	4,401
XCEL ENERGY INC	COM	98389B100	243,893	3,923	SH		SOLE		0	0	3,923
SELECT SECTOR SPDR TR	ENERGY	81369Y506	3,976,194	48,986	SH		SOLE		0	0	48,986
EXXON MOBIL CORP	COM	30231G102	556,306	5,187	SH		SOLE		0	0	5,187
XP INC	CL A	G98239109	5,763,277	245,664	SH		SOLE		0	0	245,664
DENTSPLY SIRONA INC	COM	24906P109	157,639	3,939	SH		SOLE		0	0	3,939
YUM CHINA HLDGS INC	COM	98850P109	445,446	7,884	SH		SOLE		0	0	7,884
ZILLOW GROUP INC	CL C CAP STK	98954M200	270,248	5,377	SH		SOLE		0	0	5,377
ZOETIS INC	CL A	98978V103	161,361	937	SH		SOLE		0	0	937
SPDR SER TR	PUT	78464A958	78,000	26,000	SH	Put	SOLE		0	0	26,000

Kapitalo Investimentos Ltda 13F-HRQuarterly holdings report by institutional manager