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
Expires: July 31, 2015
Estimated average burden
hours per response: 23.8
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
Agnico Eagle Mines Ltd Common Stock 008474108 28,630,735 141,052 SH SOLE 141,052 0 0
Alcoa Corp Common Stock 013872106 31,740,630 478,526 SH SOLE 478,526 0 0
Cameco Corp Common Stock 13321L108 10,523,875 96,896 SH SOLE 96,896 0 0
Century Aluminum Co Common Stock 156431108 16,497,289 281,092 SH SOLE 281,092 0 0
Chevron Corp Common Stock 166764100 31,069,345 150,166 SH SOLE 150,166 0 0
Devon Energy Corp Common Stock 25179M103 24,523,402 487,349 SH SOLE 487,349 0 0
Diamondback Energy Inc Common Stock 25278X109 14,848,095 75,070 SH SOLE 75,070 0 0
Dupont De Nemours Inc Common Stock 26614N102 10,392,570 226,912 SH SOLE 226,912 0 0
Freeport-McMoRan Inc Common Stock 35671D857 26,952,511 458,532 SH SOLE 458,532 0 0
Martin Marietta Materials Inc Common Stock 573284106 15,405,756 26,170 SH SOLE 26,170 0 0
Nexgen Energy Ltd Common Stock 65340P106 5,189,921 447,407 SH SOLE 447,407 0 0
Nutrien Ltd Common Stock 67077M108 20,717,015 274,543 SH SOLE 274,543 0 0
Slb NV Common Stock 806857108 24,410,250 475,000 SH SOLE 475,000 0 0
Teck Resources Ltd Class B 878742204 21,817,904 421,602 SH SOLE 421,602 0 0