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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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
ALCOA CORP COM 013872106 7,038,900 135,000 SH SOLE 0 0 0
ABERCROMBIE & FITCH CO CL A 002896207 9,780,307 108,658 SH SOLE 0 0 0
BUCKLE INC COM 118440106 17,386,400 412,000 SH SOLE 0 0 0
CENTURY ALUM CO COM 156431108 47,620,350 1,035,000 SH SOLE 0 0 0
CENTURY ALUM CO CALL 156431908 6,901,500 150,000 SH SOLE 0 0 0
DHT HOLDINGS INC SHS NEW Y2065G121 1,405,877 85,050 SH SOLE 0 0 0
DOW HLDGS INC COM 260557103 14,692,320 537,000 SH SOLE 0 0 0
DOW HLDGS INC CALL 260557903 2,736,000 100,000 SH SOLE 0 0 0
DEVON ENERGY CORP NEW COM 25179M103 3,718,800 90,000 SH SOLE 0 0 0
ERO COPPER CORP COM 296006109 31,201,438 1,169,000 SH SOLE 0 0 0
DIAMONDBACK ENERGY INC COM 25278X109 3,339,820 19,000 SH SOLE 0 0 0
HUNTSMAN CORP CALL 447011907 532,062 50,100 SH SOLE 0 0 0
IVANHOE ELECTRIC INC COM 46578C108 1,345,400 140,000 SH SOLE 0 0 0
MUELLER INDS INC COM 624756102 614,650 5,000 SH SOLE 0 0 0
STAR BULK CARRIERS CORP SHS PAR Y8162K204 2,009,561 80,479 SH SOLE 0 0 0
SLB LIMITED COM STK 806857108 8,600,650 185,000 SH SOLE 0 0 0
TRONOX HOLDINGS PLC SHS G9087Q102 12,096,000 1,920,000 SH SOLE 0 0 0
TRONOX HOLDINGS PLC CALL G9087Q902 4,347,000 690,000 SH SOLE 0 0 0
VISTA GOLD CORP COM NEW 927926303 525,250 275,000 SH SOLE 0 0 0
VERA BRADLEY INC COM 92335C106 486,250 125,000 SH SOLE 0 0 0