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Institutional Investment Manager
Bienville Capital Management, LLC
Bienville Capital Management, LLC (CIK: 0001605070) incorporated in Delaware, located at 521 Fifth Avenue, New York, NY. Institutional holdings reported to the SEC.

Institutional Holdings (2016Q2)
Portfolio Summary: 121 holdings with a total value of $372,672,000.
#
Name
Shares
Value ($)
%
Options
Notes
1 PAMPA S SPONS LVL 2,055,397 56,194,000 15.08%
2 ADECOAGRO S A 3,984,600 43,711,000 11.73%
3 GRUPO FINANCIERO GALICIA S A 1,023,139 31,247,000 8.38%
4 TRANSPORTADORA DE GAS SUR SPON ADR B 3,996,646 26,978,000 7.24%
5 YPF SOCIEDAD ANONIMA SPON ADR CL D 1,364,927 26,228,000 7.04%
6 TELECOM ARGENTINA 1,383,698 25,363,000 6.81%
7 BANCO MACRO SA 223,947 16,621,000 4.46%
8 TERNIUM SA 799,189 15,233,000 4.09%
9 PETROBRAS ARGENTINA S A 2,159,958 13,565,000 3.64%
10 CRESUD S A C I F Y A 771,667 10,904,000 2.93%
11 IRSA INVERSIONES Y REP S A GLOBL DEP RCPT 604,730 10,165,000 2.73%
12 BBVA BANCO FRANCES S A 492,403 10,158,000 2.73%
13 GRUPO SUPERVIELLE S A 730,951 9,349,000 2.51%
14 ECO STIM ENERGY SOLUTIONS IN 2,480,926 7,195,000 1.93%
15 ISHARES 197,993 5,974,000 1.60%
16 TORCHMARK CORP 94,513 5,843,000 1.57%
17 EMPRESA DIST Y COMERCIAL NOR 323,517 5,665,000 1.52%
18 ISHARES TR 37,791 3,793,000 1.02%
19 APPLE INC 31,730 3,033,000 0.81%
20 MID-AM APRTMNT COMM 19,623 2,088,000 0.56%
21 GeoPark Ltd 518,342 1,685,000 0.45%
22 DISNEY WALT CO 13,950 1,365,000 0.37%
23 BERKSHIRE HATHAWAY INC DEL 8,770 1,270,000 0.34%
24 WISDOMTREE TR 17,713 986,000 0.26%
25 UNITEDHEALTH GROUP INC 6,894 973,000 0.26%
26 PROCTER AND GAMBLE CO 11,362 962,000 0.26%
27 COCA COLA CO 19,562 890,000 0.24%
28 JOHNSON & JOHNSON 7,203 874,000 0.23%
29 NORFOLK SOUTHN CORP 10,175 866,000 0.23%
30 LOCKHEED MARTIN CORP 2,932 728,000 0.20%
31 ABBVIE INC 11,344 702,000 0.19%
32 TESLA INC 3,283 697,000 0.19%
33 AFLAC INC 9,589 692,000 0.19%
34 MAGELLAN MIDSTREAM PRTNRS LP 8,504 646,000 0.17%
35 VANGUARD INTL EQUITY INDEX F 15,000 643,000 0.17%
36 SPDR DOW JONES REIT ETF 6,411 637,000 0.17%
37 VANGUARD SPECIALIZED FUNDS 7,487 623,000 0.17%
38 ISHARES GOLD TRUST ISHARES ETF 47,855 611,000 0.16%
39 ALPHABET INC 855 592,000 0.16%
40 JPMORGAN CHASE & CO 18,000 573,000 0.15%
41 LEVEL 3 COMM 11,041 569,000 0.15%
42 SOUTHERN CO 10,536 565,000 0.15%
43 ALTRIA GROUP INC 8,011 556,000 0.15%
44 WALGREENS BOOTS ALLIANCE INC 6,600 550,000 0.15%
45 COMCAST CORP NEW 8,409 548,000 0.15%
46 INTEL CORP 16,500 541,000 0.15%
47 SCHLUMBERGER LTD 6,800 539,000 0.14%
48 CHEVRON CORP NEW 5,100 535,000 0.14%
49 VULCAN MATLS CO 4,200 506,000 0.14%
50 GENERAL MLS INC 6,930 494,000 0.13%
Page 1 of 3

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0001398344-16-016451, filed 2016.08.10).

From 2023-01-03 onward, the SEC requires values to be reported in nearest dollars. Earlier filings reported values in thousands; therefore, positions shown as $0 in older filings may represent actual values between $0–$999.