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 9,551 33,200 SH   SOLE   33,200 0 0
Albemarle Corporation COM 012653101 1,516 9,000 SH   SOLE   9,000 0 0
Amcor plc COM G0250X107 1,434 125,100 SH   SOLE   125,100 0 0
Apache Corporation COM 03743Q108 1,291 59,700 SH   SOLE   59,700 0 0
Avery Dennison Corporation COM 053611109 1,156 5,500 SH   SOLE   5,500 0 0
Baker Hughes Company COM 05722G100 3,931 171,900 SH   SOLE   171,900 0 0
Ball Corporation COM 058498106 2,358 29,100 SH   SOLE   29,100 0 0
Cabot Oil & Gas Corporation COM 127097103 1,786 102,300 SH   SOLE   102,300 0 0
Canadian Natural Resources Limited COM 136385101 1,168 32,200 SH   SOLE   32,200 0 0
Celanese Corporation COM 150870103 4,548 30,000 SH   SOLE   30,000 0 0
Cenovus Energy Inc. COM 15135U109 1,302 135,900 SH   SOLE   135,900 0 0
CF Industries Holdings, Inc. COM 125269100 3,540 68,800 SH   SOLE   68,800 0 0
Chevron Corporation COM 166764100 58,779 561,191 SH   SOLE   561,191 0 0
ConocoPhillips COM 20825C104 30,238 496,526 SH   SOLE   496,526 0 0
Corteva Inc. COM 22052L104 2,938 66,245 SH   SOLE   66,245 0 0
Devon Energy Corporation COM 25179M103 8,745 299,600 SH   SOLE   299,600 0 0
Diamondback Energy, Inc. COM 25278X109 9,089 96,800 SH   SOLE   96,800 0 0
Dow, Inc. COM 260557103 4,160 65,745 SH   SOLE   65,745 0 0
DuPont de Nemours, Inc. COM 26614N102 6,974 90,087 SH   SOLE   90,087 0 0
Eastman Chemical Company COM 277432100 1,039 8,900 SH   SOLE   8,900 0 0
Ecolab Inc. COM 278865100 5,417 26,300 SH   SOLE   26,300 0 0
EOG Resources, Inc. COM 26875P101 14,293 171,300 SH   SOLE   171,300 0 0
Exxon Mobil Corporation COM 30231G102 79,174 1,255,130 SH   SOLE   1,255,130 0 0
FMC Corporation COM 302491303 1,136 10,500 SH   SOLE   10,500 0 0
Freeport-McMoRan, Inc. COM 35671D857 8,261 222,600 SH   SOLE   222,600 0 0
Halliburton Company COM 406216101 5,192 224,570 SH   SOLE   224,570 0 0
Hess Corporation COM 42809H107 11,125 127,400 SH   SOLE   127,400 0 0
International Flavors & Fragrances Inc. COM 459506101 3,138 21,006 SH   SOLE   21,006 0 0
International Paper Company COM 460146103 1,729 28,200 SH   SOLE   28,200 0 0
Kinder Morgan, Inc. COM 49456B101 9,591 526,100 SH   SOLE   526,100 0 0
Linde plc COM G5494J103 16,132 55,800 SH   SOLE   55,800 0 0
LyondellBasell Industries N.V. COM N53745100 5,596 54,400 SH   SOLE   54,400 0 0
Marathon Oil Corporation COM 565849106 2,675 196,400 SH   SOLE   196,400 0 0
Marathon Petroleum Corporation COM 56585A102 16,192 267,985 SH   SOLE   267,985 0 0
Martin Marietta Materials, Inc. COM 573284106 1,583 4,500 SH   SOLE   4,500 0 0
Mosaic Company COM 61945C103 670 21,001 SH   SOLE   21,001 0 0
National Oilwell Varco, Inc. COM 62955J103 1,071 69,900 SH   SOLE   69,900 0 0
Newmont Corporation COM 651639106 7,428 117,200 SH   SOLE   117,200 0 0
Nucor Corporation COM 670346105 2,024 21,100 SH   SOLE   21,100 0 0
Occidental Petroleum Corporation COM 674599105 5,962 190,651 SH   SOLE   190,651 0 0
Occidental Petroleum Corporation *W EXP 8/3/27 674599162 603 43,381 SH   SOLE   43,381 0 0
ONEOK, Inc. COM 682680103 9,787 175,900 SH   SOLE   175,900 0 0
Packaging Corporation of America COM 695156109 1,029 7,600 SH   SOLE   7,600 0 0
Phillips 66 COM 718546104 10,142 118,175 SH   SOLE   118,175 0 0
Pioneer Natural Resources Company COM 723787107 8,565 52,700 SH   SOLE   52,700 0 0
PPG Industries, Inc. COM 693506107 3,344 19,700 SH   SOLE   19,700 0 0
Schlumberger N.V. COM 806857108 17,493 546,500 SH   SOLE   546,500 0 0
Sealed Air Corporation COM 81211K100 557 9,400 SH   SOLE   9,400 0 0
Sherwin-Williams Company COM 824348106 9,890 36,300 SH   SOLE   36,300 0 0
Steel Dynamics, Inc. COM 858119100 2,032 34,100 SH   SOLE   34,100 0 0
Suncor Energy Inc. COM 867224107 1,124 46,900 SH   SOLE   46,900 0 0
Williams Companies, Inc. COM 969457100 8,610 324,300 SH   SOLE   324,300 0 0
Valero Energy Corporation COM 91913Y100 13,297 170,300 SH   SOLE   170,300 0 0
Vulcan Materials Company COM 929160109 1,706 9,800 SH   SOLE   9,800 0 0
WestRock Company COM 96145D105 1,181 22,200 SH   SOLE   22,200 0 0
Whiting Petroleum Corporation COM 966387508 26 476 SH   SOLE   476 0 0