Instuitional Investor - Fundamenta Capital S.a.

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Pampa Energia S A	PAM	265,464	$23,496,219	16.1%
2.	Ecopetrol S A	EC	2,009,495	$20,135,140	13.8%
3.	Transportadora De Gas Del Sur Sa	TGS	597,147	$18,565,300	12.72%
4.	Banco Macro S A	BMA	190,000	$17,130,400	11.74%
5.	Petroleo Brasileiro Sa Petrobras	PBR	1,355,652	$16,064,476	11.01%