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
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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 39,558,305 255,001 SH SOLE 255,001 0 0
Alcoa Corp Common Stock 013872106 20,110,972 385,711 SH SOLE 385,711 0 0
Cameco Corp Common Stock 13321L108 7,564,225 74,261 SH SOLE 74,261 0 0
Century Aluminum Co Common Stock 156431108 7,466,227 162,274 SH SOLE 162,274 0 0
Chevron Corp Common Stock 166764100 27,296,031 164,672 SH SOLE 164,672 0 0
Devon Energy Corp Common Stock 25179M103 46,609,869 1,128,022 SH SOLE 1,128,022 0 0
Diamondback Energy Inc Common Stock 25278X109 19,255,644 109,544 SH SOLE 109,544 0 0
Dupont De Nemours Inc Common Stock 26614N201 9,430,371 69,525 SH SOLE 69,525 0 0
Ecolab Inc Common Stock 278865100 56,766,788 203,750 SH SOLE 203,750 0 0
Freeport-McMoRan Inc Common Stock 35671D857 72,720,210 1,156,308 SH SOLE 1,156,308 0 0
Linde PLC Common Stock G54950103 46,822,399 90,227 SH SOLE 90,227 0 0
Nexgen Energy Ltd Common Stock 65340P106 2,883,669 307,100 SH SOLE 307,100 0 0
Nutrien Ltd Common Stock 67077M108 53,397,212 848,248 SH SOLE 848,248 0 0
PPG Industries Inc Common Stock 693506107 41,643,466 343,338 SH SOLE 343,338 0 0
SLB NV Common Stock 806857108 48,492,650 1,043,077 SH SOLE 1,043,077 0 0
Teck Resources Ltd Class B 878742204 44,831,651 753,980 SH SOLE 753,980 0 0