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

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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
ALASKA AIR GROUP INC COM 011659109 10,513,584 201,470 SH SOLE 0 0 201,470
AMRIZE LTD SHS H2927K103 211,890 4,000 SH SOLE 0 0 4,000
APA CORPORATION COM 03743Q108 16,090,947 494,190 SH SOLE 0 0 494,190
APPLE INC COM 037833100 632,930 2,188 SH SOLE 0 0 2,188
D R HORTON INC COM 23331A109 13,693,778 84,160 SH SOLE 0 0 84,160
ISHARES INC MSCI PAC JP ETF 464286665 924,050 17,355 SH SOLE 0 0 17,355
ISHARES INC MSCI SWITZERLAND 464286749 775,965 12,350 SH SOLE 0 0 12,350
ISHARES TR EUROPE ETF 464287861 1,364,800 18,740 SH SOLE 0 0 18,740
ISHARES TR MSCI AC ASIA ETF 464288182 2,416,305 20,255 SH SOLE 0 0 20,255
ISHARES TR MRGSTR MD CP VAL 464288406 11,722,048 128,320 SH SOLE 0 0 128,320
LYONDELLBASELL INDUSTRIES NV SHS - A - N53745100 10,420,619 197,963 SH SOLE 0 0 197,963
MARATHON PETE CORP COM 56585A102 5,254,472 20,570 SH SOLE 0 0 20,570
MICROSOFT CORP COM 594918104 238,661 640 SH SOLE 0 0 640
NVIDIA CORPORATION COM 67066G104 350,053 1,750 SH SOLE 0 0 1,750
OCCIDENTAL PETE CORP COM 674599105 8,521,967 175,510 SH SOLE 0 0 175,510
SIRIUSXM HOLDINGS INC COMMON STOCK 829933100 12,213,169 413,569 SH SOLE 0 0 413,569
SPDR GOLD TR GOLD SHS 78463V107 10,933,926 29,690 SH SOLE 0 0 29,690
SPDR INDEX SHS FDS SP CHINA ETF 78463X400 12,787,898 147,830 SH SOLE 0 0 147,830
SPDR INDEX SHS FDS ST MAR DIVID ETF 78463X533 11,616,162 283,700 SH SOLE 0 0 283,700
STELLANTIS N.V SHS N82405106 8,139,820 1,432,730 SH SOLE 0 0 1,432,730
TECHNIPFMC PLC COM G87110105 207,582 3,130 SH SOLE 0 0 3,130
TOTALENERGIES SE ACT F92124100 8,716,234 112,205 SH SOLE 0 0 112,205
UBS GROUP AG SHS H42097107 693,815 14,000 SH SOLE 0 0 14,000