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
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
Air Products and Chemicals, Inc. COM 009158106 4,791 24,000 SH   SOLE   24,000 0 0
Albemarle Corporation COM 012653101 631 11,200 SH   SOLE   11,200 0 0
Amcor plc COM G0250X107 1,256 154,700 SH   SOLE   154,700 0 0
Apache Corporation COM 037411105 538 128,700 SH   SOLE   128,700 0 0
Avery Dennison Corporation COM 053611109 1,090 10,700 SH   SOLE   10,700 0 0
Baker Hughes Company Class A COM 05722G100 2,173 207,000 SH   SOLE   207,000 0 0
Ball Corporation COM 058498106 2,063 31,900 SH   SOLE   31,900 0 0
Cabot Oil & Gas Corporation COM 127097103 1,949 113,400 SH   SOLE   113,400 0 0
Celanese Corporation COM 150870103 873 11,900 SH   SOLE   11,900 0 0
CF Industries Holdings, Inc. COM 125269100 558 20,500 SH   SOLE   20,500 0 0
Chevron Corporation COM 166764100 55,519 766,200 SH   SOLE   766,200 0 0
Concho Resources Inc. COM 20605P101 3,627 84,640 SH   SOLE   84,640 0 0
ConocoPhillips COM 20825C104 16,164 524,800 SH   SOLE   524,800 0 0
Corteva Inc. COM 22052L104 1,808 76,945 SH   SOLE   76,945 0 0
Devon Energy Corporation COM 25179M103 885 128,100 SH   SOLE   128,100 0 0
Diamondback Energy, Inc. COM 25278X109 1,868 71,300 SH   SOLE   71,300 0 0
Dow, Inc. COM 260557103 2,183 74,645 SH   SOLE   74,645 0 0
DuPont de Nemours, Inc. COM 26614N102 3,943 115,645 SH   SOLE   115,645 0 0
Eastman Chemical Company COM 277432100 759 16,300 SH   SOLE   16,300 0 0
Ecolab Inc. COM 278865100 4,909 31,500 SH   SOLE   31,500 0 0
EOG Resources, Inc. COM 26875P101 8,147 226,800 SH   SOLE   226,800 0 0
Exxon Mobil Corporation COM 30231G102 60,221 1,586,030 SH   SOLE   1,586,030 0 0
FMC Corporation COM 302491303 2,941 36,000 SH   SOLE   36,000 0 0
Freeport-McMoRan, Inc. COM 35671D857 2,587 383,200 SH   SOLE   383,200 0 0
Halliburton Company COM 406216101 2,155 314,670 SH   SOLE   314,670 0 0
Helmerich & Payne, Inc. COM 423452101 462 29,500 SH   SOLE   29,500 0 0
Hess Corporation COM 42809H107 3,094 92,900 SH   SOLE   92,900 0 0
HollyFrontier Corporation COM 436106108 1,314 53,600 SH   SOLE   53,600 0 0
International Flavors & Fragrances Inc. COM 459506101 1,062 10,400 SH   SOLE   10,400 0 0
International Paper Company COM 460146103 1,267 40,700 SH   SOLE   40,700 0 0
Kinder Morgan, Inc. COM 49456B101 10,162 730,000 SH   SOLE   730,000 0 0
Linde plc COM G5494J103 17,836 103,100 SH   SOLE   103,100 0 0
LyondellBasell Industries N.V. COM N53745100 4,248 85,600 SH   SOLE   85,600 0 0
Marathon Oil Corporation COM 565849106 872 265,200 SH   SOLE   265,200 0 0
Marathon Petroleum Corporation COM 56585A102 5,461 231,185 SH   SOLE   231,185 0 0
Martin Marietta Materials, Inc. COM 573284106 1,135 6,000 SH   SOLE   6,000 0 0
Materials Select Sector SPDR Fund COM 81369Y100 923 20,500 SH   SOLE   20,500 0 0
Mosaic Company COM 61945C103 419 38,701 SH   SOLE   38,701 0 0
National Oilwell Varco, Inc. COM 637071101 1,229 125,000 SH   SOLE   125,000 0 0
Newmont Corporation COM 651639106 5,184 114,500 SH   SOLE   114,500 0 0
Noble Energy, Inc. COM 655044105 946 156,700 SH   SOLE   156,700 0 0
Nucor Corporation COM 670346105 2,619 72,700 SH   SOLE   72,700 0 0
Occidental Petroleum Corporation COM 674599105 4,019 347,051 SH   SOLE   347,051 0 0
ONEOK, Inc. COM 682680103 3,649 167,300 SH   SOLE   167,300 0 0
Packaging Corporation of America COM 695156109 1,971 22,700 SH   SOLE   22,700 0 0
Phillips 66 COM 718546104 8,733 162,775 SH   SOLE   162,775 0 0
Pioneer Natural Resources Company COM 723787107 4,770 68,000 SH   SOLE   68,000 0 0
PPG Industries, Inc. COM 693506107 1,990 23,800 SH   SOLE   23,800 0 0
Schlumberger Limited COM 806857108 6,493 481,300 SH   SOLE   481,300 0 0
Sealed Air Corporation COM 81211K100 405 16,400 SH   SOLE   16,400 0 0
Sherwin-Williams Company COM 824348106 8,042 17,500 SH   SOLE   17,500 0 0
TechnipFMC plc COM G87110105 882 130,900 SH   SOLE   130,900 0 0
Williams Companies, Inc. COM 969457100 5,803 410,100 SH   SOLE   410,100 0 0
Valero Energy Corporation COM 91913Y100 6,686 147,400 SH   SOLE   147,400 0 0
Vulcan Materials Company COM 929160109 2,248 20,800 SH   SOLE   20,800 0 0
WestRock Company COM 96145D105 777 27,500 SH   SOLE   27,500 0 0
Whiting Petroleum Corporation COM 966387409 34 50,675 SH   SOLE   50,675 0 0