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
ALBEMARLE CORP COM 012653101 877,083 6,495 SH SOLE 0 0 6,495
ALCOA CORP COM 013872106 871,536 16,715 SH SOLE 0 0 16,715
ALIBABA GROUP HLDG LTD SPONSORED ADS 01609W102 1,922,383 20,029 SH SOLE 0 0 20,029
ALPHABET INC CAP STK CL A 02079K305 393,107 1,100 SH SOLE 0 0 1,100
ALPHABET INC CAP STK CL C 02079K107 11,121,517 31,476 SH SOLE 0 0 31,476
AMAZON COM INC COM 023135106 10,836,366 45,466 SH SOLE 0 0 45,466
AMERICAN ELEC PWR CO INC COM 025537101 683,994 5,000 SH SOLE 0 0 5,000
APPLOVIN CORP COM CL A 03831W108 2,375,726 4,611 SH SOLE 0 0 4,611
ASML HLDG NV N Y REGISTRY SHS N07059210 5,264,058 2,646 SH SOLE 0 0 2,646
AT&T INC COM 00206R102 4,825,253 233,104 SH SOLE 0 0 233,104
BARRICK MNG CORP COM SHS 06849F108 1,235,819 33,646 SH SOLE 0 0 33,646
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 5,864,926 11,721 SH SOLE 0 0 11,721
BRITISH AMERN TOB PLC SPONSORED ADR 110448107 3,571,935 57,836 SH SOLE 0 0 57,836
BROADCOM INC COM 11135F101 5,155,923 13,649 SH SOLE 0 0 13,649
BROOKFIELD CORP CL A LTD VT SH 11271J107 5,471,884 128,478 SH SOLE 0 0 128,478
CAMECO CORP COM 13321L108 233,504 2,292 SH SOLE 0 0 2,292
CANADIAN PACIFIC KANSAS CITY COM 13646K108 8,200,937 94,643 SH SOLE 0 0 94,643
CELESTICA INC COM 15101Q207 4,398,029 12,056 SH SOLE 0 0 12,056
CHENIERE ENERGY INC COM NEW 16411R208 908,374 3,801 SH SOLE 0 0 3,801
CLEAN HARBORS INC COM 184496107 801,546 2,683 SH SOLE 0 0 2,683
CLEVELAND-CLIFFS INC NEW COM 185899101 532,235 56,681 SH SOLE 0 0 56,681
CNH INDL N V SHS N20944109 1,428,872 127,237 SH SOLE 0 0 127,237
CONSTELLATION ENERGY CORP COM 21037T109 847,212 3,411 SH SOLE 0 0 3,411
CORE NATURAL RESOURCES INC COM SHS 218937100 4,568,493 57,092 SH SOLE 0 0 57,092
CORPAY INC COM SHS 219948106 5,673,922 17,025 SH SOLE 0 0 17,025
COUPANG INC CL A 22266T109 4,123,377 237,385 SH SOLE 0 0 237,385
CRH PLC ORD G25508105 3,525,517 32,949 SH SOLE 0 0 32,949
CVS HEALTH CORP COM 126650100 6,530,094 63,123 SH SOLE 0 0 63,123
EATON CORP PLC SHS G29183103 1,398,831 3,283 SH SOLE 0 0 3,283
ENBRIDGE INC COM 29250N105 3,712,435 68,483 SH SOLE 0 0 68,483
EQT CORP COM 26884L109 4,783,879 89,973 SH SOLE 0 0 89,973
EXPAND ENERGY CORPORATION COM 165167735 1,038,777 11,391 SH SOLE 0 0 11,391
EXXON MOBIL CORP COM 30231G102 960,303 7,024 SH SOLE 0 0 7,024
FERROVIAL NV ORD SHS N3168P101 1,548,871 22,575 SH SOLE 0 0 22,575
FISERV INC COM 337738108 5,234,126 106,710 SH SOLE 0 0 106,710
FLUOR CORP COM 343412102 1,170,917 22,350 SH SOLE 0 0 22,350
FORTIVE CORP COM 34959J108 1,265,189 20,710 SH SOLE 0 0 20,710
FREEPORT MCMORAN INC CL B 35671D857 1,076,500 17,117 SH SOLE 0 0 17,117
GE AEROSPACE COM NEW 369604301 8,495,269 22,731 SH SOLE 0 0 22,731
GE VERNOVA INC COM 36828A101 2,327,817 1,981 SH SOLE 0 0 1,981
GENERAC HLDGS INC COM 368736104 632,177 2,159 SH SOLE 0 0 2,159
GOLAR LNG LTD SHS G9456A100 3,586,934 71,969 SH SOLE 0 0 71,969
GRAPHIC PACKAGING HLDG CO COM 388689101 3,610,142 341,546 SH SOLE 0 0 341,546
ICICI BANK LIMITED ADR 45104G104 1,843,637 63,508 SH SOLE 0 0 63,508
ISHARES TR MSCI USA QLT FCT 46432F339 1,755,807 8,002 SH SOLE 0 0 8,002
ITAU UNIBANCO HLDG S A SPON ADR REP PFD 465562106 1,910,832 233,884 SH SOLE 0 0 233,884
JAMES HARDIE INDS PLC ORD SHS G4253H101 1,881,059 71,851 SH SOLE 0 0 71,851
KASPI KZ JSC SPONSORED ADS 48581R205 1,405,821 16,226 SH SOLE 0 0 16,226
KONINKLIJKE PHILIPS N V NY REGIS SHS NEW 500472303 1,820,833 66,967 SH SOLE 0 0 66,967
KOSMOS ENERGY LTD COM 500688106 510,175 241,789 SH SOLE 0 0 241,789
KT CORP SPONSORED ADR 48268K101 1,816,992 105,150 SH SOLE 0 0 105,150
LAM RESEARCH CORP COM NEW 512807306 6,375,151 14,712 SH SOLE 0 0 14,712
MASTERCARD INCORPORATED CL A 57636Q104 5,024,202 9,782 SH SOLE 0 0 9,782
MERCADOLIBRE INC COM 58733R102 3,890,418 2,292 SH SOLE 0 0 2,292
META PLATFORMS INC CL A 30303M102 5,828,424 10,347 SH SOLE 0 0 10,347
MICROSOFT CORP COM 594918104 8,128,823 21,792 SH SOLE 0 0 21,792
MOODYS CORP COM 615369105 4,743,242 10,473 SH SOLE 0 0 10,473
NEBIUS GROUP N.V. SHS CLASS A N97284108 2,860,293 10,357 SH SOLE 0 0 10,357
NETFLIX INC. COM 64110L106 5,003,569 70,078 SH SOLE 0 0 70,078
NEXGEN ENERGY LTD COM 65340P106 597,467 63,628 SH SOLE 0 0 63,628
NOVARTIS AG SPONSORED ADR 66987V109 3,272,470 20,881 SH SOLE 0 0 20,881
NU HLDGS LTD ORD SHS CL A G6683N103 4,483,696 335,606 SH SOLE 0 0 335,606
NVIDIA CORPORATION COM 67066G104 8,973,852 44,849 SH SOLE 0 0 44,849
ON SEMICONDUCTOR CORP COM 682189105 5,295,280 56,011 SH SOLE 0 0 56,011
OTIS WORLDWIDE CORP COM 68902V107 6,158,358 86,011 SH SOLE 0 0 86,011
PETROLEO BRASILEIRO S A SPONSORED ADR 71654V408 3,533,339 218,647 SH SOLE 0 0 218,647
PHILIP MORRIS INTL INC COM 718172109 7,774,042 42,972 SH SOLE 0 0 42,972
PROGRESSIVE CORP COM 743315103 4,997,069 22,875 SH SOLE 0 0 22,875
RIO TINTO PLC SPONSORED ADR 767204100 1,114,854 11,744 SH SOLE 0 0 11,744
S&P GLOBAL INC COM 78409V104 5,200,554 12,770 SH SOLE 0 0 12,770
SCHWAB CHARLES CORP COM 808513105 6,731,701 72,957 SH SOLE 0 0 72,957
SEA LTD SPONSORD ADS 81141R100 3,724,912 38,870 SH SOLE 0 0 38,870
SOCIEDAD QUIMICA Y MINERA DE SPON ADR SER B 833635105 969,822 13,099 SH SOLE 0 0 13,099
SPDR GOLD TR GOLD SHS 78463V107 4,903,506 13,311 SH SOLE 0 0 13,311
SPOTIFY TECHNOLOGY S A SHS L8681T102 2,038,577 4,440 SH SOLE 0 0 4,440
SUNBELT RENTALS HOLDINGS INC SHS 866966104 4,994,016 66,756 SH SOLE 0 0 66,756
SUNRUN INC COM 86771W105 698,918 52,236 SH SOLE 0 0 52,236
TAIWAN SEMICONDUCTOR MANUFAC SPONSORED ADS 874039100 16,030,224 33,566 SH SOLE 0 0 33,566
TALEN ENERGY CORP COM 87422Q109 1,398,322 3,639 SH SOLE 0 0 3,639
TOTALENERGIES SE ACT F92124100 3,439,695 44,235 SH SOLE 0 0 44,235
TRANSDIGM GROUP INC COM 893641100 3,734,847 2,804 SH SOLE 0 0 2,804
UBER TECHNOLOGIES INC COM 90353T100 6,642,039 92,046 SH SOLE 0 0 92,046
UBS GROUP AG SHS H42097107 3,257,827 65,735 SH SOLE 0 0 65,735
VALE S A SPONSORED ADS 91912E105 911,592 60,611 SH SOLE 0 0 60,611
VERTIV HOLDINGS CO COM CL A 92537N108 1,744,316 5,210 SH SOLE 0 0 5,210
VISA INC COM CL A 92826C839 5,426,535 15,817 SH SOLE 0 0 15,817
VISTRA CORP COM 92840M102 6,433,178 40,555 SH SOLE 0 0 40,555
VULCAN MATLS CO COM 929160109 5,625,858 19,070 SH SOLE 0 0 19,070
YPF SOCIEDAD ANONIMA SPON ADR CL D 984245100 479,390 10,543 SH SOLE 0 0 10,543
YUM CHINA HLDGS INC COM 98850P109 2,142,038 52,411 SH SOLE 0 0 52,411