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
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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
Air Products and Chemicals, Inc. COM 009158106 6,906 28,600 SH   SOLE   28,600 0 0
Albemarle Corporation COM 012653101 865 11,200 SH   SOLE   11,200 0 0
Amcor plc COM G0250X107 1,579 154,700 SH   SOLE   154,700 0 0
Apache Corporation COM 037411105 1,496 110,800 SH   SOLE   110,800 0 0
Avery Dennison Corporation COM 053611109 776 6,800 SH   SOLE   6,800 0 0
Baker Hughes Company Class A COM 05722G100 3,529 229,300 SH   SOLE   229,300 0 0
Ball Corporation COM 058498106 3,996 57,500 SH   SOLE   57,500 0 0
Cabot Oil & Gas Corporation COM 127097103 1,948 113,400 SH   SOLE   113,400 0 0
Celanese Corporation COM 150870103 812 9,400 SH   SOLE   9,400 0 0
CF Industries Holdings, Inc. COM 125269100 822 29,200 SH   SOLE   29,200 0 0
Chevron Corporation COM 166764100 66,833 749,000 SH   SOLE   749,000 0 0
Concho Resources Inc. COM 20605P101 4,694 91,140 SH   SOLE   91,140 0 0
ConocoPhillips COM 20825C104 21,287 506,600 SH   SOLE   506,600 0 0
Corteva Inc. COM 22052L104 2,195 81,945 SH   SOLE   81,945 0 0
Devon Energy Corporation COM 25179M103 1,214 107,100 SH   SOLE   107,100 0 0
Diamondback Energy, Inc. COM 25278X109 3,379 80,800 SH   SOLE   80,800 0 0
Dow, Inc. COM 260557103 3,316 81,345 SH   SOLE   81,345 0 0
DuPont de Nemours, Inc. COM 26614N102 4,630 87,145 SH   SOLE   87,145 0 0
Eastman Chemical Company COM 277432100 766 11,000 SH   SOLE   11,000 0 0
Ecolab Inc. COM 278865100 6,844 34,400 SH   SOLE   34,400 0 0
EOG Resources, Inc. COM 26875P101 11,490 226,800 SH   SOLE   226,800 0 0
Exxon Mobil Corporation COM 30231G102 66,679 1,491,030 SH   SOLE   1,491,030 0 0
FMC Corporation COM 302491303 4,174 41,900 SH   SOLE   41,900 0 0
Freeport-McMoRan, Inc. COM 35671D857 4,434 383,200 SH   SOLE   383,200 0 0
Halliburton Company COM 406216101 3,997 307,970 SH   SOLE   307,970 0 0
Hess Corporation COM 42809H107 5,554 107,200 SH   SOLE   107,200 0 0
HollyFrontier Corporation COM 436106108 2,023 69,300 SH   SOLE   69,300 0 0
International Flavors & Fragrances Inc. COM 459506101 1,274 10,400 SH   SOLE   10,400 0 0
International Paper Company COM 460146103 1,433 40,700 SH   SOLE   40,700 0 0
Kinder Morgan, Inc. COM 49456B101 9,982 658,000 SH   SOLE   658,000 0 0
Linde plc COM G5494J103 20,935 98,700 SH   SOLE   98,700 0 0
LyondellBasell Industries N.V. COM N53745100 5,120 77,900 SH   SOLE   77,900 0 0
Marathon Oil Corporation COM 565849106 1,371 224,100 SH   SOLE   224,100 0 0
Marathon Petroleum Corporation COM 56585A102 10,470 280,085 SH   SOLE   280,085 0 0
Martin Marietta Materials, Inc. COM 573284106 2,045 9,900 SH   SOLE   9,900 0 0
Mosaic Company COM 61945C103 484 38,701 SH   SOLE   38,701 0 0
National Oilwell Varco, Inc. COM 637071101 1,447 118,100 SH   SOLE   118,100 0 0
Newmont Corporation COM 651639106 7,069 114,500 SH   SOLE   114,500 0 0
Noble Energy, Inc. COM 655044105 1,179 131,600 SH   SOLE   131,600 0 0
Nucor Corporation COM 670346105 3,010 72,700 SH   SOLE   72,700 0 0
Occidental Petroleum Corporation COM 674599105 6,351 347,051 SH   SOLE   347,051 0 0
ONEOK, Inc. COM 682680103 6,003 180,700 SH   SOLE   180,700 0 0
Packaging Corporation of America COM 695156109 3,044 30,500 SH   SOLE   30,500 0 0
Phillips 66 COM 718546104 13,429 186,775 SH   SOLE   186,775 0 0
Pioneer Natural Resources Company COM 723787107 7,064 72,300 SH   SOLE   72,300 0 0
PPG Industries, Inc. COM 693506107 2,747 25,900 SH   SOLE   25,900 0 0
Schlumberger Limited COM 806857108 8,851 481,300 SH   SOLE   481,300 0 0
Sealed Air Corporation COM 81211K100 539 16,400 SH   SOLE   16,400 0 0
Sherwin-Williams Company COM 824348106 10,112 17,500 SH   SOLE   17,500 0 0
TechnipFMC plc COM G87110105 825 120,600 SH   SOLE   120,600 0 0
Williams Companies, Inc. COM 969457100 7,446 391,500 SH   SOLE   391,500 0 0
Utilities Select Sector SPDR Fund COM 81369Y886 3,042 53,900 SH   SOLE   53,900 0 0
Valero Energy Corporation COM 91913Y100 10,382 176,500 SH   SOLE   176,500 0 0
Vulcan Materials Company COM 929160109 1,413 12,200 SH   SOLE   12,200 0 0
WestRock Company COM 96145D105 777 27,500 SH   SOLE   27,500 0 0
Whiting Petroleum Corporation COM 966387409 57 50,675 SH   SOLE   50,675 0 0