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
3M CO COM 88579Y101 570 3,700 SH   SOLE   0 0 3,700
ABBOTT LABORATORIES COM 002824100 446 9,100 SH   SOLE   0 0 9,100
ABBVIE INC COM 00287Y109 1,874 27,900 SH   SOLE   18,800 0 9,100
AGRIUM INC COM 008916108 26,220 255,526 SH   SOLE   255,526 0 0
ALCOA INC COM 013817101 6,334 558,100 SH   SOLE   558,100 0 0
ALLERGAN PLC COM G0177J108 628 2,100 SH   SOLE   0 0 2,100
ALLIANCEBERNSTEIN HOLDING LP COM 01881G106 1,619 55,600 SH   SOLE   0 0 55,600
ALTRIA GROUP INC COM 02209S103 1,051 21,600 SH   SOLE   21,600 0 0
AMAZON.COM INC COM 023135106 989 2,300 SH   SOLE   0 0 2,300
AMERICAN EXPRESS CO COM 025816109 475 6,100 SH   SOLE   0 0 6,100
AMERICAN INTERNATIONAL GROUP COM 026874784 493 8,000 SH   SOLE   0 0 8,000
AMERICAN TOWER CORP COM 03027X100 846 9,100 SH   SOLE   0 0 9,100
AMGEN INC COM 031162100 637 4,200 SH   SOLE   0 0 4,200
ANADARKO PETROLEUM CORP COM 032511107 25,796 328,236 SH   SOLE   304,036 0 24,200
ANGLOGOLD ASHANTI-SPON ADR COM 035128206 8,493 930,200 SH   SOLE   930,200 0 0
APPLE INC COM 037833100 5,803 46,600 SH   SOLE   1,600 0 45,000
ARCELORMITTAL-NY REGISTERED COM 03938L104 6,093 609,300 SH   SOLE   609,300 0 0
ARCHER-DANIELS-MIDLAND CO COM 039483102 47,562 981,687 SH   SOLE   975,487 0 6,200
AT&T INC COM 00206R102 1,266 35,400 SH   SOLE   0 0 35,400
AXIALL CORP COM 05463D100 13,399 373,642 SH   SOLE   373,642 0 0
BAKER HUGHES INC COM 057224107 19,684 322,100 SH   SOLE   322,100 0 0
BANCO BRADESCO-ADR COM 059460303 300 33,120 SH   SOLE   0 0 33,120
BANK OF AMERICA CORP COM 060505104 968 57,300 SH   SOLE   0 0 57,300
BANK OF NOVA SCOTIA COM 064149107 433 6,700 SH   SOLE   0 0 6,700
BARRICK GOLD CORP COM 067901108 12,830 1,190,200 SH   SOLE   1,190,200 0 0
BERKSHIRE HATHAWAY INC-CL B COM 084670702 2,853 20,900 SH   SOLE   0 0 20,900
BHP BILLITON PLC-ADR COM 05545E209 67,256 1,654,518 SH   SOLE   1,654,518 0 0
BIOGEN INC COM 09062X103 515 1,300 SH   SOLE   0 0 1,300
BLACKROCK INC COM 09247X101 241 700 SH   SOLE   0 0 700
BORGWARNER INC COM 099724106 1,850 32,200 SH   SOLE   0 0 32,200
BP PLC-SPONS ADR COM 055622104 36,154 896,900 SH   SOLE   896,900 0 0
BRISTOL-MYERS SQUIBB CO COM 110122108 620 9,400 SH   SOLE   0 0 9,400
BROOKDALE SENIOR LIVING INC COM 112463104 2,298 65,500 SH   SOLE   0 0 65,500
CABOT OIL & GAS CORP COM 127097103 12,830 407,680 SH   SOLE   407,680 0 0
CAMERON INTERNATIONAL CORP COM 13342B105 10,253 198,700 SH   SOLE   198,700 0 0
CANADIAN NATL RAILWAY CO COM 136375102 322 4,500 SH   SOLE   0 0 4,500
CANADIAN NATURAL RESOURCES COM 136385101 16,291 597,830 SH   SOLE   597,830 0 0
CAPITAL ONE FINANCIAL CORP COM 14040H105 298 3,400 SH   SOLE   0 0 3,400
CELGENE CORP COM 151020104 529 4,600 SH   SOLE   0 0 4,600
CF INDUSTRIES HOLDINGS INC COM 125269100 12,512 200,000 SH   SOLE   200,000 0 0
CHEVRON CORP COM 166764100 51,269 530,236 SH   SOLE   519,936 0 10,300
CHINA PETROLEUM & CHEM-ADR COM 16941R108 6,956 83,290 SH   SOLE   83,290 0 0
CIGNA CORP COM 125509109 280 1,700 SH   SOLE   1,700 0 0
CISCO SYSTEMS INC COM 17275R102 2,338 84,900 SH   SOLE   58,000 0 26,900
CITIGROUP INC COM 172967424 2,942 53,600 SH   SOLE   0 0 53,600
CLOROX COMPANY COM 189054109 209 2,000 SH   SOLE   2,000 0 0
CNOOC LTD-SPON ADR COM 126132109 7,828 55,852 SH   SOLE   55,852 0 0
COBALT INTERNATIONAL ENERGY COM 19075F106 9,710 991,812 SH   SOLE   991,812 0 0
COCA-COLA CO/THE COM 191216100 843 21,400 SH   SOLE   0 0 21,400
COGNIZANT TECH SOLUTIONS-A COM 192446102 588 9,608 SH   SOLE   0 0 9,608
COLGATE-PALMOLIVE CO COM 194162103 340 5,200 SH   SOLE   0 0 5,200
COMCAST CORP-CLASS A COM 20030N101 726 12,100 SH   SOLE   0 0 12,100
CONCHO RESOURCES INC COM 20605P101 11,914 106,400 SH   SOLE   106,400 0 0
CONOCOPHILLIPS COM 20825C104 11,269 184,700 SH   SOLE   178,100 0 6,600
COSTCO WHOLESALE CORP COM 22160K105 366 2,700 SH   SOLE   0 0 2,700
CVS HEALTH CORP COM 126650100 723 6,900 SH   SOLE   0 0 6,900
DIAMONDBACK ENERGY INC COM 25278X109 8,298 110,400 SH   SOLE   110,400 0 0
DOMINION RESOURCES INC/VA COM 25746U109 518 7,700 SH   SOLE   0 0 7,700
DOW CHEMICAL CO/THE COM 260543103 20,570 405,000 SH   SOLE   398,000 0 7,000
DRIL-QUIP INC COM 262037104 10,678 142,036 SH   SOLE   142,036 0 0
DU PONT (E.I.) DE NEMOURS COM 263534109 344 5,400 SH   SOLE   0 0 5,400
DUKE ENERGY CORP COM 26441C204 503 7,100 SH   SOLE   0 0 7,100
EBAY INC COM 278642103 374 6,300 SH   SOLE   0 0 6,300
ELDORADO GOLD CORP COM 284902103 9,331 2,309,636 SH   SOLE   2,309,636 0 0
ELI LILLY & CO COM 532457108 452 5,400 SH   SOLE   0 0 5,400
EMC CORP/MA COM 268648102 273 10,500 SH   SOLE   0 0 10,500
EOG RESOURCES INC COM 26875P101 14,033 162,700 SH   SOLE   156,100 0 6,600
EQT CORP COM 26884L109 13,246 162,964 SH   SOLE   162,964 0 0
EXELON CORP COM 30161N101 480 15,100 SH   SOLE   0 0 15,100
EXPRESS SCRIPTS HOLDING CO COM 30219G108 426 4,800 SH   SOLE   0 0 4,800
EXXON MOBIL CORP COM 30231G102 60,680 732,672 SH   SOLE   709,700 0 22,972
FACEBOOK INC-A COM 30303M102 935 10,900 SH   SOLE   0 0 10,900
FEDEX CORP COM 31428X106 308 1,800 SH   SOLE   0 0 1,800
FMC TECHNOLOGIES INC COM 30249U101 10,768 263,932 SH   SOLE   263,932 0 0
FORD MOTOR CO COM 345370860 300 20,000 SH   SOLE   0 0 20,000
FREEPORT-MCMORAN INC COM 35671D857 40,374 2,083,300 SH   SOLE   2,083,300 0 0
FRONTIER COMMUNICATIONS CORP COM 35906A108 0 1 SH   SOLE   0 0 1
GENERAL ELECTRIC CO COM 369604103 3,599 135,100 SH   SOLE   0 0 135,100
GENERAL MOTORS CO COM 37045V100 2,372 71,400 SH   SOLE   2,600 0 68,800
GERDAU SA -SPON ADR COM 373737105 2,722 1,075,800 SH   SOLE   1,049,900 0 25,900
GILEAD SCIENCES INC COM 375558103 1,016 8,800 SH   SOLE   0 0 8,800
GOLDCORP INC COM 380956409 16,361 1,000,063 SH   SOLE   1,000,063 0 0
GOLDMAN SACHS GROUP INC COM 38141G104 436 2,100 SH   SOLE   0 0 2,100
GOOGLE INC-CL A COM 38259P508 974 1,800 SH   SOLE   0 0 1,800
GOOGLE INC-CL C COM 38259P706 941 1,804 SH   SOLE   0 0 1,804
GULFPORT ENERGY CORP COM 402635304 7,675 194,400 SH   SOLE   194,400 0 0
H&R BLOCK INC COM 093671105 505 17,100 SH   SOLE   17,100 0 0
H.B. FULLER CO. COM 359694106 7,064 171,660 SH   SOLE   171,660 0 0
HALLIBURTON CO COM 406216101 12,145 284,500 SH   SOLE   284,500 0 0
HCA HOLDINGS INC COM 40412C101 399 4,400 SH   SOLE   0 0 4,400
HESS CORP COM 42809H107 11,376 169,870 SH   SOLE   169,870 0 0
HEWLETT-PACKARD CO COM 428236103 2,511 83,800 SH   SOLE   0 0 83,800
HOLLYFRONTIER CORP COM 436106108 12,044 291,000 SH   SOLE   291,000 0 0
HOME DEPOT INC COM 437076102 862 7,800 SH   SOLE   0 0 7,800
INTEL CORP COM 458140100 2,203 72,500 SH   SOLE   46,200 0 26,300
INTERNATIONAL PAPER CO COM 460146103 37,082 777,400 SH   SOLE   777,400 0 0
INTL BUSINESS MACHINES CORP COM 459200101 880 5,400 SH   SOLE   0 0 5,400
ISRAEL CHEMICALS LTD COM M5920A109 6,169 903,200 SH   SOLE   903,200 0 0
JOHNSON & JOHNSON COM 478160104 3,576 36,600 SH   SOLE   20,900 0 15,700
JPMORGAN CHASE & CO COM 46625H100 1,354 20,149 SH   SOLE   0 0 20,149
KINDER MORGAN INC COM 49456B101 376 9,800 SH   SOLE   0 0 9,800
LA-Z-BOY INC COM 505336107 2,078 78,700 SH   SOLE   0 0 78,700
LEGGETT & PLATT INC COM 524660107 741 15,200 SH   SOLE   15,200 0 0
LOCKHEED MARTIN CORP COM 539830109 742 4,000 SH   SOLE   4,000 0 0
LOWE'S COS INC COM 548661107 452 6,700 SH   SOLE   0 0 6,700
LYONDELLBASELL INDU-CL A COM N53745100 14,908 146,700 SH   SOLE   143,200 0 3,500
MARATHON OIL CORP COM 565849106 15,464 579,380 SH   SOLE   579,380 0 0
MARTIN MARIETTA MATERIALS COM 573284106 13,572 95,500 SH   SOLE   95,500 0 0
MASTERCARD INC-CLASS A COM 57636Q104 518 5,600 SH   SOLE   0 0 5,600
MCDONALD'S CORP COM 580135101 640 6,700 SH   SOLE   900 0 5,800
MCKESSON CORP COM 58155Q103 269 1,200 SH   SOLE   0 0 1,200
MEDTRONIC PLC COM 585055106 579 7,900 SH   SOLE   0 0 7,900
MERCK & CO. INC. COM 58933Y105 2,801 48,900 SH   SOLE   32,800 0 16,100
METLIFE INC COM 59156R108 2,438 43,960 SH   SOLE   0 0 43,960
MICROSOFT CORP COM 594918104 4,118 92,800 SH   SOLE   0 0 92,800
MONDELEZ INTERNATIONAL INC-A COM 609207105 392 9,600 SH   SOLE   0 0 9,600
MONSANTO CO COM 61166W101 42,882 415,200 SH   SOLE   412,300 0 2,900
MORGAN STANLEY COM 617446448 356 9,300 SH   SOLE   0 0 9,300
MOSAIC CO/THE COM 61945C103 38,016 828,229 SH   SOLE   828,229 0 0
NEXTERA ENERGY INC COM 65339F101 560 5,700 SH   SOLE   0 0 5,700
NIKE INC -CL B COM 654106103 431 4,000 SH   SOLE   0 0 4,000
NOBLE ENERGY INC COM 655044105 13,779 323,000 SH   SOLE   323,000 0 0
NUCOR CORP COM 670346105 22,370 497,000 SH   SOLE   497,000 0 0
OASIS PETROLEUM INC COM 674215108 7,615 480,750 SH   SOLE   480,750 0 0
OCCIDENTAL PETROLEUM CORP COM 674599105 23,622 305,300 SH   SOLE   300,600 0 4,700
OCEANEERING INTL INC COM 675232102 11,572 250,800 SH   SOLE   250,800 0 0
ORACLE CORP COM 68389X105 808 20,000 SH   SOLE   0 0 20,000
PEPSICO INC COM 713448108 834 8,900 SH   SOLE   0 0 8,900
PETROCHINA CO LTD -ADR COM 71646E100 10,737 97,736 SH   SOLE   97,736 0 0
PETROLEO BRASILEIRO-SPON ADR COM 71654V408 8,270 915,800 SH   SOLE   915,800 0 0
PFIZER INC COM 717081103 1,909 56,841 SH   SOLE   21,800 0 35,041
PHILIP MORRIS INTERNATIONAL COM 718172109 200 2,500 SH   SOLE   2,500 0 0
PHILLIPS 66 COM 718546104 10,141 129,200 SH   SOLE   129,200 0 0
PINNACLE WEST CAPITAL COM 723484101 158 2,800 SH   SOLE   2,800 0 0
PIONEER NATURAL RESOURCES CO COM 723787107 15,455 112,500 SH   SOLE   112,500 0 0
PNC FINANCIAL SERVICES GROUP COM 693475105 287 3,000 SH   SOLE   0 0 3,000
POSCO- SPON ADR COM 693483109 5,455 110,000 SH   SOLE   110,000 0 0
POTASH CORP OF SASKATCHEWAN COM 73755L107 48,056 1,550,215 SH   SOLE   1,550,215 0 0
PRICELINE GROUP INC/THE COM 741503403 332 300 SH   SOLE   0 0 300
PROCTER & GAMBLE CO/THE COM 742718109 1,158 14,788 SH   SOLE   0 0 14,788
PUBLIC SERVICE ENTERPRISE GP COM 744573106 165 4,200 SH   SOLE   4,200 0 0
QUALCOMM INC COM 747525103 557 8,900 SH   SOLE   0 0 8,900
RANDGOLD RESOURCES LTD-ADR COM 752344309 15,848 230,722 SH   SOLE   230,722 0 0
REYNOLDS AMERICAN INC COM 761713106 785 10,460 SH   SOLE   10,460 0 0
RIO TINTO PLC-SPON ADR COM 767204100 49,336 1,173,547 SH   SOLE   1,173,547 0 0
ROCK-TENN COMPANY -CL A COM 772739207 2,072 34,000 SH   SOLE   0 0 34,000
ROGERS COMMUNICATIONS INC-B COM 775109200 666 15,300 SH   SOLE   15,300 0 0
ROWAN COMPANIES PLC-A COM G7665A101 6,204 300,000 SH   SOLE   300,000 0 0
ROYAL BANK OF CANADA COM 780087102 658 8,600 SH   SOLE   0 0 8,600
ROYAL DUTCH SHELL-SPON ADR-A COM 780259206 40,736 705,505 SH   SOLE   705,505 0 0
SCANA CORP COM 80589M102 514 10,200 SH   SOLE   10,200 0 0
SCHLUMBERGER LTD COM 806857108 21,294 248,584 SH   SOLE   248,584 0 0
SEAGATE TECHNOLOGY COM G7945M107 461 9,400 SH   SOLE   9,400 0 0
SEMPRA ENERGY COM 816851109 496 5,000 SH   SOLE   0 0 5,000
SIMON PROPERTY GROUP INC COM 828806109 941 5,500 SH   SOLE   0 0 5,500
SM ENERGY CO COM 78454L100 9,946 218,407 SH   SOLE   218,407 0 0
SOUTHERN CO/THE COM 842587107 499 11,900 SH   SOLE   0 0 11,900
SOUTHERN COPPER CORP COM 84265V105 20,314 672,643 SH   SOLE   672,643 0 0
SPDR S&P 500 ETF TRUST COM 78462F103 678 3,300 SH   SOLE   0 0 3,300
SPECTRA ENERGY CORP COM 847560109 580 18,000 SH   SOLE   18,000 0 0
SPIRIT AIRLINES INC COM 848577102 2,059 33,600 SH   SOLE   0 0 33,600
STAPLES INC COM 855030102 225 14,700 SH   SOLE   14,700 0 0
STARBUCKS CORP COM 855244109 461 8,600 SH   SOLE   0 0 8,600
STEELCASE INC-CL A COM 858155203 2,214 116,440 SH   SOLE   0 0 116,440
SUNCOR ENERGY INC COM 867224107 318 9,400 SH   SOLE   0 0 9,400
SUPERIOR ENERGY SERVICES INC COM 868157108 8,518 411,692 SH   SOLE   411,692 0 0
SYNGENTA AG-ADR COM 87160A100 31,252 378,623 SH   SOLE   378,623 0 0
TECK RESOURCES LTD-CLS B COM 878742204 12,214 1,177,811 SH   SOLE   1,177,811 0 0
TEXAS INSTRUMENTS INC COM 882508104 350 6,800 SH   SOLE   0 0 6,800
THERMO FISHER SCIENTIFIC INC COM 883556102 841 6,500 SH   SOLE   0 0 6,500
TIFFANY & CO COM 886547108 2,228 24,447 SH   SOLE   0 0 24,447
TIME WARNER INC COM 887317303 2,475 28,600 SH   SOLE   0 0 28,600
TORONTO-DOMINION BANK COM 891160509 584 11,000 SH   SOLE   0 0 11,000
TOTAL SA-SPON ADR COM 89151E109 41,569 835,717 SH   SOLE   835,717 0 0
TRANSCANADA CORP COM 89353D107 805 15,800 SH   SOLE   15,800 0 0
TWENTY-FIRST CENTURY FOX-A COM 90130A101 281 8,700 SH   SOLE   0 0 8,700
TYSON FOODS INC-CL A COM 902494103 2,362 55,000 SH   SOLE   0 0 55,000
UNION PACIFIC CORP COM 907818108 497 5,200 SH   SOLE   0 0 5,200
UNITED PARCEL SERVICE-CL B COM 911312106 428 4,400 SH   SOLE   0 0 4,400
UNITEDHEALTH GROUP INC COM 91324P102 727 6,000 SH   SOLE   0 0 6,000
US BANCORP COM 902973304 460 10,600 SH   SOLE   0 0 10,600
VALE SA-SP ADR COM 91912E105 4,903 801,200 SH   SOLE   801,200 0 0
VALEANT PHARMACEUTICALS INTE COM 91911K102 463 1,700 SH   SOLE   0 0 1,700
VALERO ENERGY CORP COM 91913Y100 478 7,900 SH   SOLE   0 0 7,900
VERIZON COMMUNICATIONS INC COM 92343V104 1,281 27,400 SH   SOLE   0 0 27,400
VISA INC-CLASS A SHARES COM 92826C839 747 11,200 SH   SOLE   0 0 11,200
WALGREENS BOOTS ALLIANCE INC COM 931427108 455 5,400 SH   SOLE   0 0 5,400
WAL-MART STORES INC COM 931142103 682 9,549 SH   SOLE   0 0 9,549
WALT DISNEY CO/THE COM 254687106 1,051 9,300 SH   SOLE   0 0 9,300
WASTE MANAGEMENT INC COM 94106L109 528 11,400 SH   SOLE   11,400 0 0
WEATHERFORD INTERNATIONAL PL COM H27013103 5,579 453,600 SH   SOLE   453,600 0 0
WELLS FARGO & CO COM 949746101 1,553 27,700 SH   SOLE   0 0 27,700
WEYERHAEUSER CO COM 962166104 26,001 824,643 SH   SOLE   824,643 0 0
ZIMMER BIOMET HOLDINGS INC COM 98956P102 2,142 19,600 SH   SOLE   0 0 19,600