Emerging Variant Capital Management LP

NEW YORK, NY · CIK 1754001 · 13F filing filed 2023-02-13

Exempt reporting adviser since 2023 · limited partnership

As an employer

$905.3m reported value +101279.6% vs Q3 2022

9positions

100.0%in top 10

3 new 3 added 3 reduced 1 sold out vs Q3 2022

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	MERCADOLIBRE INC COM MELI	MELI	3,700	$846.2m93.47%	93.47%	Added +200	+200 5.7%
2	VALE S A SPONSORED ADS VALE	VALE	370,000	$17.0m1.87%	1.87%	Added +20.0k	+20,000 5.7%
3	EMBRAER S.A. SPONSORED ADS EMBJ	EMBJ	466,400	$10.9m1.21%	1.21%	New
4	CONTROLADORA VUELA COMP DE A SPON ADR RP 10 VLRS	VLRS	1,130,384	$8.4m0.92%	0.92%	Reduced -352.9k	-352,926 -23.8%
5	GERDAU SA SPON ADR REP PFD GGB	GGB	1,426,000	$5.5m0.61%	0.61%	New
6	DESPEGAR COM CORP ORD SHS DESP	DESP	2,365,543	$5.1m0.57%	0.57%	Reduced -245.4k	-245,407 -9.4%
7	ITAU UNIBANCO HLDG S A SPON ADR REP PFD ITUB	ITUB	798,000	$4.7m0.52%	0.52%	Reduced -2.3m	-2,302,000 -74.3%
8	GRUPO TELEVISA S A B SPON ADR REP ORD TV	TV	1,052,601	$4.6m0.50%	0.50%	New
9	BANCO BRADESCO S A SP ADR PFD NEW BBD	BBD	3,043,000	$2.9m0.32%	0.32%	Added +2.4m	+2,413,000 383.0%

Security	Ticker	Shares held before	Value then
ISHARES INC EWZ	EWZ	654,000	$30.0k654.0k shares