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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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 6,881 23,100 SH   SOLE   23,100 0 0
Albemarle Corporation COM 012653101 804 9,000 SH   SOLE   9,000 0 0
Amcor plc COM G0250X107 1,382 125,100 SH   SOLE   125,100 0 0
Apache Corporation COM 037411105 1,174 124,000 SH   SOLE   124,000 0 0
Avery Dennison Corporation COM 053611109 703 5,500 SH   SOLE   5,500 0 0
Baker Hughes Company COM 05722G100 2,686 202,100 SH   SOLE   202,100 0 0
Ball Corporation COM 058498106 2,419 29,100 SH   SOLE   29,100 0 0
Cabot Oil & Gas Corporation COM 127097103 2,755 158,700 SH   SOLE   158,700 0 0
Celanese Corporation COM 150870103 3,224 30,000 SH   SOLE   30,000 0 0
CF Industries Holdings, Inc. COM 125269100 725 23,600 SH   SOLE   23,600 0 0
Chevron Corporation COM 166764100 43,452 603,500 SH   SOLE   603,500 0 0
Concho Resources Inc. COM 20605P101 3,673 83,240 SH   SOLE   83,240 0 0
ConocoPhillips COM 20825C104 12,262 373,400 SH   SOLE   373,400 0 0
Corteva Inc. COM 22052L104 1,909 66,245 SH   SOLE   66,245 0 0
Devon Energy Corporation COM 25179M103 1,194 126,200 SH   SOLE   126,200 0 0
Diamondback Energy, Inc. COM 25278X109 2,301 76,400 SH   SOLE   76,400 0 0
Dow, Inc. COM 260557103 3,093 65,745 SH   SOLE   65,745 0 0
DuPont de Nemours, Inc. COM 26614N102 6,377 114,945 SH   SOLE   114,945 0 0
Eastman Chemical Company COM 277432100 695 8,900 SH   SOLE   8,900 0 0
Ecolab Inc. COM 278865100 6,315 31,600 SH   SOLE   31,600 0 0
EOG Resources, Inc. COM 26875P101 4,902 136,400 SH   SOLE   136,400 0 0
Exxon Mobil Corporation COM 30231G102 42,811 1,247,030 SH   SOLE   1,247,030 0 0
FMC Corporation COM 302491303 1,112 10,500 SH   SOLE   10,500 0 0
Freeport-McMoRan, Inc. COM 35671D857 4,592 293,600 SH   SOLE   293,600 0 0
Halliburton Company COM 406216101 3,193 264,970 SH   SOLE   264,970 0 0
Hess Corporation COM 42809H107 3,422 83,600 SH   SOLE   83,600 0 0
HollyFrontier Corporation COM 436106108 940 47,700 SH   SOLE   47,700 0 0
International Flavors & Fragrances Inc. COM 459506101 1,665 13,600 SH   SOLE   13,600 0 0
International Paper Company COM 460146103 1,334 32,900 SH   SOLE   32,900 0 0
Kinder Morgan, Inc. COM 49456B101 7,005 568,100 SH   SOLE   568,100 0 0
Linde plc COM G5494J103 18,812 79,000 SH   SOLE   79,000 0 0
LyondellBasell Industries N.V. COM N53745100 4,286 60,800 SH   SOLE   60,800 0 0
Marathon Oil Corporation COM 565849106 1,068 261,100 SH   SOLE   261,100 0 0
Marathon Petroleum Corporation COM 56585A102 6,058 206,485 SH   SOLE   206,485 0 0
Martin Marietta Materials, Inc. COM 573284106 1,130 4,800 SH   SOLE   4,800 0 0
Mosaic Company COM 61945C103 572 31,301 SH   SOLE   31,301 0 0
National Oilwell Varco, Inc. COM 637071101 1,050 115,900 SH   SOLE   115,900 0 0
Newmont Corporation COM 651639106 6,491 102,300 SH   SOLE   102,300 0 0
Noble Energy, Inc. COM 655044105 1,335 156,100 SH   SOLE   156,100 0 0
Nucor Corporation COM 670346105 1,050 23,400 SH   SOLE   23,400 0 0
Occidental Petroleum Corporation COM 674599105 2,589 258,651 SH   SOLE   258,651 0 0
Occidental Petroleum Corporation *W EXP 8/3/27 674599162 130 43,381 SH   SOLE   43,381 0 0
ONEOK, Inc. COM 682680103 2,897 111,500 SH   SOLE   111,500 0 0
Packaging Corporation of America COM 695156109 829 7,600 SH   SOLE   7,600 0 0
Phillips 66 COM 718546104 7,173 138,375 SH   SOLE   138,375 0 0
Pioneer Natural Resources Company COM 723787107 5,409 62,900 SH   SOLE   62,900 0 0
PPG Industries, Inc. COM 693506107 3,369 27,600 SH   SOLE   27,600 0 0
Schlumberger Limited COM 806857108 7,102 456,400 SH   SOLE   456,400 0 0
Sealed Air Corporation COM 81211K100 516 13,300 SH   SOLE   13,300 0 0
Sherwin-Williams Company COM 824348106 9,685 13,900 SH   SOLE   13,900 0 0
TechnipFMC plc COM G87110105 839 132,900 SH   SOLE   132,900 0 0
Utilities Select Sector SPDR Fund COM 81369Y886 2,328 39,200 SH   SOLE   39,200 0 0
Valero Energy Corporation COM 91913Y100 5,619 129,700 SH   SOLE   129,700 0 0
Vulcan Materials Company COM 929160109 1,342 9,900 SH   SOLE   9,900 0 0
WestRock Company COM 96145D105 771 22,200 SH   SOLE   22,200 0 0
Whiting Petroleum Corporation COM 966387508 10 576 SH   SOLE   576 0 0
Williams Companies, Inc. COM 969457100 6,832 347,700 SH   SOLE   347,700 0 0