#	Issuer	Ticker	Shares	Value	% of Portfolio
1	SPDR S&P 500 ETF TRUST	922908769	130,926	$89.3M	34.66%
2	ISHARES MSCI EAFE ETF	464287465	442,127	$42.5M	16.48%
3	VALE SA-SP ADR	VALE	3,131,646	$40.8M	15.84%
4	INVESCO QQQ TRUST SERIES 1	QQQ	36,618	$22.5M	8.73%
5	ISHARES CORE MSCI EMERGING	46434G103	218,320	$14.7M	5.70%
6	ERICSSON (LM) TEL-SP ADR	294821608	670,000	$6.5M	2.51%
7	ISHARES MSCI EMR MRK EX CHNA	46434G764	54,372	$4.0M	1.53%
8	AMAZON.COM, INC	AMZN	16,771	$3.9M	1.50%
9	MICROSOFT CORP	MSFT	6,432	$3.1M	1.21%
10	BERKSHIRE HATHAWAY INC-CL A	BRK-A	4	$3.0M	1.17%
11	SPDR BLOOMBERG 1-3 MONTH T-B	78468R663	24,066	$2.2M	0.85%
12	INVESCO S&P 500 EQUAL WEIGHT	78468R556	10,646	$2.0M	0.79%
13	ALPHABET INC-CL C	GOOG	6,228	$2.0M	0.76%
14	APPLE INC	AAPL	7,100	$1.9M	0.75%
15	MICROSTRATEGY INC-CL A	723787107	12,000	$1.8M	0.71%
16	WALT DISNEY	254687106	15,179	$1.7M	0.67%
17	ISHARES BITCOIN TRUST	IBIT	28,898	$1.4M	0.56%
18	PAMPA ENERGIA SA-SPON ADR	SW	14,705	$1.3M	0.51%
19	GRUPO FINANCIERO GALICIA-ADR	GGAL	23,840	$1.3M	0.50%
20	KRANESHARES CSI CHINA INTERN	500767306	35,359	$1.2M	0.47%