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 532 3,700 SH   SOLE   3,700 0 0
ABBOTT LABORATORIES COM 002824100 369 9,100 SH   SOLE   9,100 0 0
ABBVIE INC COM 00287Y109 767 13,500 SH   SOLE   13,500 0 0
ACCENTURE PLC-CL A COM G1151C101 268 3,300 SH   SOLE   3,300 0 0
AGRIUM INC COM 008916108 40,341 438,926 SH   SOLE   438,926 0 0
ALTRIA GROUP INC COM 02209S103 406 9,700 SH   SOLE   9,700 0 0
AMAZON.COM INC COM 023135106 747 2,300 SH   SOLE   2,300 0 0
AMERICAN EXPRESS CO COM 025816109 579 6,100 SH   SOLE   6,100 0 0
AMERICAN INTERNATIONAL GROUP COM 026874784 437 8,000 SH   SOLE   8,000 0 0
AMGEN INC COM 031162100 498 4,200 SH   SOLE   4,200 0 0
ANADARKO PETROLEUM CORP COM 032511107 33,949 310,036 SH   SOLE   310,036 0 0
ANGLOGOLD ASHANTI-SPON ADR COM 035128206 14,100 841,300 SH   SOLE   841,300 0 0
APPLE INC COM 037833100 3,219 35,000 SH   SOLE   35,000 0 0
ARCELORMITTAL-NY REGISTERED COM 03938L104 9,668 652,800 SH   SOLE   652,800 0 0
ARCHER-DANIELS-MIDLAND CO COM 039483102 43,464 991,887 SH   SOLE   991,887 0 0
AT&T INC COM 00206R102 1,275 36,000 SH   SOLE   36,000 0 0
AXIALL CORP COM 05463D100 15,311 325,142 SH   SOLE   325,142 0 0
BAKER HUGHES INC COM 057224107 25,642 346,700 SH   SOLE   346,700 0 0
BANK OF AMERICA CORP COM 060505104 914 59,600 SH   SOLE   59,600 0 0
BANK OF NOVA SCOTIA COM 064149107 477 6,700 SH   SOLE   6,700 0 0
BARRICK GOLD CORP COM 067901108 17,189 953,900 SH   SOLE   953,900 0 0
BERKSHIRE HATHAWAY INC-CL B COM 084670702 789 6,200 SH   SOLE   6,200 0 0
BHP BILLITON PLC-ADR COM 05545E209 100,886 1,548,518 SH   SOLE   1,548,518 0 0
BIOGEN IDEC INC COM 09062X103 414 1,300 SH   SOLE   1,300 0 0
BP PLC-SPONS ADR COM 055622104 61,090 1,161,400 SH   SOLE   1,161,400 0 0
BRISTOL-MYERS SQUIBB CO COM 110122108 736 15,000 SH   SOLE   15,000 0 0
CABOT OIL & GAS CORP COM 127097103 18,129 530,080 SH   SOLE   530,080 0 0
CAMERON INTERNATIONAL CORP COM 13342B105 27,896 415,000 SH   SOLE   415,000 0 0
CANADIAN NATURAL RESOURCES COM 136385101 19,611 428,930 SH   SOLE   428,930 0 0
CAPITAL ONE FINANCIAL CORP COM 14040H105 1,752 21,100 SH   SOLE   21,100 0 0
CATERPILLAR INC COM 149123101 435 4,000 SH   SOLE   4,000 0 0
CELANESE CORP-SERIES A COM 150870103 9,647 150,600 SH   SOLE   150,600 0 0
CELGENE CORP COM 151020104 399 4,600 SH   SOLE   4,600 0 0
CENTERPOINT ENERGY INC COM 15189T107 385 15,200 SH   SOLE   15,200 0 0
CF INDUSTRIES HOLDINGS INC COM 125269100 10,644 44,300 SH   SOLE   44,300 0 0
CHEVRON CORP COM 166764100 62,956 482,936 SH   SOLE   482,936 0 0
CHICAGO BRIDGE & IRON CO NV COM 167250109 1,781 26,200 SH   SOLE   26,200 0 0
CHINA PETROLEUM & CHEM-ADR COM 16941R108 9,412 97,490 SH   SOLE   97,490 0 0
CISCO SYSTEMS INC COM 17275R102 1,017 41,200 SH   SOLE   41,200 0 0
CITIGROUP INC COM 172967424 801 17,000 SH   SOLE   17,000 0 0
CLIFFS NATURAL RESOURCES INC COM 18683K101 8,816 600,959 SH   SOLE   600,959 0 0
CNOOC LTD-ADR COM 126132109 10,973 61,152 SH   SOLE   61,152 0 0
COBALT INTERNATIONAL ENERGY COM 19075F106 11,786 651,512 SH   SOLE   651,512 0 0
COCA-COLA CO/THE COM 191216100 903 21,400 SH   SOLE   21,400 0 0
COCA-COLA ENTERPRISES COM 19122T109 2,051 42,800 SH   SOLE   42,800 0 0
COGNIZANT TECH SOLUTIONS-A COM 192446102 1,937 39,300 SH   SOLE   39,300 0 0
COLGATE-PALMOLIVE CO COM 194162103 356 5,200 SH   SOLE   5,200 0 0
COMCAST CORP-CLASS A COM 20030N101 655 12,100 SH   SOLE   12,100 0 0
CONCHO RESOURCES INC COM 20605P101 20,127 141,700 SH   SOLE   141,700 0 0
CONOCOPHILLIPS COM 20825C104 1,342 15,600 SH   SOLE   15,600 0 0
CONSOLIDATED EDISON INC COM 209115104 224 3,900 SH   SOLE   3,900 0 0
COSTCO WHOLESALE CORP COM 22160K105 312 2,700 SH   SOLE   2,700 0 0
CVS CAREMARK CORP COM 126650100 522 6,900 SH   SOLE   6,900 0 0
DANAHER CORP COM 235851102 285 3,600 SH   SOLE   3,600 0 0
DELTA AIR LINES INC COM 247361702 1,699 43,200 SH   SOLE   43,200 0 0
DOMINION RESOURCES INC/VA COM 25746U109 248 3,500 SH   SOLE   3,500 0 0
DOW CHEMICAL CO/THE COM 260543103 22,042 427,100 SH   SOLE   427,100 0 0
DRIL-QUIP INC COM 262037104 8,893 82,736 SH   SOLE   82,736 0 0
DU PONT (E.I.) DE NEMOURS COM 263534109 896 13,700 SH   SOLE   13,700 0 0
DUKE ENERGY CORP COM 26441C204 424 5,749 SH   SOLE   5,749 0 0
EATON CORP PLC COM G29183103 1,530 19,800 SH   SOLE   19,800 0 0
EBAY INC COM 278642103 316 6,300 SH   SOLE   6,300 0 0
ELDORADO GOLD CORP COM 284902103 18,994 2,512,436 SH   SOLE   2,512,436 0 0
EMC CORP/MA COM 268648102 278 10,500 SH   SOLE   10,500 0 0
EMERSON ELECTRIC CO COM 291011104 294 4,400 SH   SOLE   4,400 0 0
ENCANA CORP COM 292505104 13,239 560,500 SH   SOLE   560,500 0 0
EQT CORP COM 26884L109 16,659 155,664 SH   SOLE   155,664 0 0
ESTEE LAUDER COMPANIES-CL A COM 518439104 2,002 26,800 SH   SOLE   26,800 0 0
EXPRESS SCRIPTS HOLDING CO COM 30219G108 334 4,800 SH   SOLE   4,800 0 0
EXXON MOBIL CORP COM 30231G102 96,207 950,572 SH   SOLE   950,572 0 0
FACEBOOK INC-A COM 30303M102 669 9,900 SH   SOLE   9,900 0 0
FEDEX CORP COM 31428X106 273 1,800 SH   SOLE   1,800 0 0
FLUOR CORP COM 343412102 1,791 23,300 SH   SOLE   23,300 0 0
FMC TECHNOLOGIES INC COM 30249U101 17,914 297,332 SH   SOLE   297,332 0 0
FORD MOTOR CO COM 345370860 346 20,000 SH   SOLE   20,000 0 0
FREEPORT-MCMORAN COPPER COM 35671D857 72,439 2,008,300 SH   SOLE   2,008,300 0 0
GENERAL ELECTRIC CO COM 369604103 1,488 56,300 SH   SOLE   56,300 0 0
GENERAL MILLS INC COM 370334104 288 5,500 SH   SOLE   5,500 0 0
GENERAL MOTORS CO COM 37045V100 220 6,000 SH   SOLE   6,000 0 0
GENWORTH FINANCIAL INC-CL A COM 37247D106 1,955 112,900 SH   SOLE   112,900 0 0
GERDAU SA -SPON ADR COM 373737105 6,771 1,139,900 SH   SOLE   1,139,900 0 0
GILEAD SCIENCES INC COM 375558103 2,024 24,400 SH   SOLE   24,400 0 0
GOLDCORP INC COM 380956409 35,013 1,267,663 SH   SOLE   1,267,663 0 0
GOLDMAN SACHS GROUP INC COM 38141G104 2,201 13,200 SH   SOLE   13,200 0 0
GOOGLE INC-CL A COM 38259P508 937 1,600 SH   SOLE   1,600 0 0
GOOGLE INC-CL C COM 38259P706 924 1,600 SH   SOLE   1,600 0 0
HALLIBURTON CO COM 406216101 28,448 403,700 SH   SOLE   403,700 0 0
HCA HOLDINGS INC COM 40412C101 1,846 33,300 SH   SOLE   33,300 0 0
HESS CORP COM 42809H107 17,660 179,670 SH   SOLE   179,670 0 0
HEWLETT-PACKARD CO COM 428236103 383 11,300 SH   SOLE   11,300 0 0
HOLLYFRONTIER CORP COM 436106108 9,377 211,300 SH   SOLE   211,300 0 0
HOME DEPOT INC COM 437076102 2,572 31,700 SH   SOLE   31,700 0 0
HUNTINGTON BANCSHARES INC COM 446150104 1,955 204,500 SH   SOLE   204,500 0 0
INTEL CORP COM 458140100 909 24,900 SH   SOLE   29,400 0 0
INTERNATIONAL PAPER CO COM 460146103 44,616 909,600 SH   SOLE   909,600 0 0
INTL BUSINESS MACHINES CORP COM 459200101 981 5,400 SH   SOLE   5,400 0 0
JOHNSON & JOHNSON COM 478160104 3,139 29,900 SH   SOLE   29,900 0 0
JPMORGAN CHASE & CO COM 46625H100 1,257 21,849 SH   SOLE   21,849 0 0
KIMBERLY-CLARK CORP COM 494368103 490 4,400 SH   SOLE   4,400 0 0
LOCKHEED MARTIN CORP COM 539830109 488 3,000 SH   SOLE   3,000 0 0
LORILLARD INC COM 544147101 424 6,900 SH   SOLE   6,900 0 0
LOWE'S COS INC COM 548661107 318 6,700 SH   SOLE   6,700 0 0
LYONDELLBASELL INDU-CL A COM N53745100 21,583 222,800 SH   SOLE   222,800 0 0
MARATHON OIL CORP COM 565849106 20,824 527,980 SH   SOLE   527,980 0 0
MARTIN MARIETTA MATERIALS COM 573284106 13,395 101,300 SH   SOLE   101,300 0 0
MASTERCARD INC-CLASS A COM 57636Q104 411 5,600 SH   SOLE   5,600 0 0
MCDONALD'S CORP COM 580135101 588 5,800 SH   SOLE   5,800 0 0
MEDTRONIC INC COM 585055106 378 5,900 SH   SOLE   5,900 0 0
MERCK & CO. INC. COM 58933Y105 2,255 39,200 SH   SOLE   39,200 0 0
METLIFE INC COM 59156R108 1,666 30,000 SH   SOLE   30,000 0 0
MICROSOFT CORP COM 594918104 3,706 87,700 SH   SOLE   87,700 0 0
MONDELEZ INTERNATIONAL INC-A COM 609207105 358 9,600 SH   SOLE   9,600 0 0
MONSANTO CO COM 61166W101 75,963 607,700 SH   SOLE   607,700 0 0
MORGAN STANLEY COM 617446448 293 9,300 SH   SOLE   9,300 0 0
MOSAIC CO/THE COM 61945C103 45,403 913,529 SH   SOLE   913,529 0 0
NATIONAL OILWELL VARCO INC COM 637071101 9,304 112,600 SH   SOLE   112,600 0 0
NIKE INC -CL B COM 654106103 311 4,000 SH   SOLE   4,000 0 0
NOBLE ENERGY INC COM 655044105 9,801 126,600 SH   SOLE   126,600 0 0
NUCOR CORP COM 670346105 26,332 536,400 SH   SOLE   536,400 0 0
OASIS PETROLEUM INC COM 674215108 23,096 421,150 SH   SOLE   421,150 0 0
OCCIDENTAL PETROLEUM CORP COM 674599105 25,573 250,200 SH   SOLE   250,200 0 0
OCEANEERING INTL INC COM 675232102 19,384 251,800 SH   SOLE   251,800 0 0
ORACLE CORP COM 68389X105 1,913 47,200 SH   SOLE   47,200 0 0
PEABODY ENERGY CORP COM 704549104 13,678 832,000 SH   SOLE   832,000 0 0
PEPSICO INC COM 713448108 790 8,900 SH   SOLE   8,900 0 0
PETROCHINA CO LTD -ADR COM 71646E100 13,575 107,536 SH   SOLE   107,536 0 0
PETROLEO BRASILEIRO S.A.-ADR COM 71654V408 17,417 1,190,500 SH   SOLE   1,190,500 0 0
PETROLEO BRASILEIRO-SPON ADR COM 71654V101 271 17,300 SH   SOLE   0 0 17,300
PFIZER INC COM 717081103 1,975 66,541 SH   SOLE   66,541 0 0
PHILLIPS 66 COM 718546104 8,752 107,400 SH   SOLE   107,400 0 0
POSCO-ADR COM 693483109 9,605 129,100 SH   SOLE   129,100 0 0
POTASH CORP OF SASKATCHEWAN COM 73755L107 74,587 1,965,915 SH   SOLE   1,965,915 0 0
PRICELINE GROUP INC/THE COM 741503403 362 300 SH   SOLE   300 0 0
PROCTER & GAMBLE CO/THE COM 742718109 1,169 14,788 SH   SOLE   14,788 0 0
QUALCOMM INC COM 747525103 782 9,900 SH   SOLE   9,900 0 0
RANDGOLD RESOURCES LTD-ADR COM 752344309 20,562 246,722 SH   SOLE   246,722 0 0
RAYTHEON COMPANY COM 755111507 425 4,500 SH   SOLE   4,500 0 0
REYNOLDS AMERICAN INC COM 761713106 357 5,900 SH   SOLE   5,900 0 0
RF MICRO DEVICES INC COM 749941100 1,469 156,900 SH   SOLE   156,900 0 0
RIO TINTO PLC-SPON ADR COM 767204100 67,324 1,260,047 SH   SOLE   1,260,047 0 0
ROWAN COMPANIES PLC-A COM G7665A101 10,314 326,400 SH   SOLE   326,400 0 0
ROYAL BANK OF CANADA COM 780087102 1,232 16,200 SH   SOLE   16,200 0 0
ROYAL DUTCH SHELL PLC-ADR COM 780259206 54,100 657,905 SH   SOLE   657,905 0 0
SCHLUMBERGER LTD COM 806857108 41,687 353,884 SH   SOLE   353,884 0 0
SEAGATE TECHNOLOGY COM G7945M107 211 3,700 SH   SOLE   3,700 0 0
SKYWORKS SOLUTIONS INC COM 83088M102 1,479 32,100 SH   SOLE   32,100 0 0
SM ENERGY CO COM 78454L100 17,046 205,007 SH   SOLE   205,007 0 0
SOUTHERN COPPER CORP COM 84265V105 16,694 561,143 SH   SOLE   561,143 0 0
SOUTHWESTERN ENERGY CO COM 845467109 10,706 238,000 SH   SOLE   238,000 0 0
SPECTRA ENERGY CORP COM 847560109 446 10,500 SH   SOLE   10,500 0 0
STARBUCKS CORP COM 855244109 335 4,300 SH   SOLE   4,300 0 0
SUNCOR ENERGY INC COM 867224107 428 9,400 SH   SOLE   9,400 0 0
SUPERIOR ENERGY SERVICES INC COM 868157108 21,132 586,992 SH   SOLE   586,992 0 0
SWIFT TRANSPORTATION CO COM 87074U101 1,759 70,800 SH   SOLE   70,800 0 0
SYNGENTA AG-ADR COM 87160A100 30,023 399,823 SH   SOLE   399,823 0 0
TECK RESOURCES LTD-CLS B COM 878742204 29,302 1,308,111 SH   SOLE   1,308,111 0 0
TEXAS INSTRUMENTS INC COM 882508104 325 6,800 SH   SOLE   6,800 0 0
THERMO FISHER SCIENTIFIC INC COM 883556102 260 2,200 SH   SOLE   2,200 0 0
TIME WARNER INC COM 887317303 377 5,400 SH   SOLE   5,400 0 0
TJX COMPANIES INC COM 872540109 232 4,400 SH   SOLE   4,400 0 0
TORONTO-DOMINION BANK COM 891160509 1,401 25,600 SH   SOLE   25,600 0 0
TOTAL SA-SPON ADR COM 89151E109 59,559 824,917 SH   SOLE   824,917 0 0
TWENTY-FIRST CENTURY FOX-A COM 90130A101 2,298 65,200 SH   SOLE   65,200 0 0
UNION PACIFIC CORP COM 907818108 518 5,200 SH   SOLE   5,200 0 0
UNITED PARCEL SERVICE-CL B COM 911312106 1,756 17,100 SH   SOLE   17,100 0 0
UNITED RENTALS INC COM 911363109 1,836 17,500 SH   SOLE   17,500 0 0
UNITEDHEALTH GROUP INC COM 91324P102 492 6,000 SH   SOLE   6,000 0 0
URBAN OUTFITTERS INC COM 917047102 1,808 53,600 SH   SOLE   53,600 0 0
US BANCORP COM 902973304 460 10,600 SH   SOLE   10,600 0 0
US SILICA HOLDINGS INC COM 90346E103 1,988 36,900 SH   SOLE   36,900 0 0
VALE SA-SP ADR COM 91912E105 23,067 1,735,700 SH   SOLE   1,735,700 0 0
VALE SA-SP PREF ADR COM 91912E204 237 19,900 SH   SOLE   0 0 19,900
VERIZON COMMUNICATIONS INC COM 92343V104 1,115 22,600 SH   SOLE   22,600 0 0
VERMILION ENERGY INC COM 923725105 374 5,100 SH   SOLE   5,100 0 0
VISA INC-CLASS A SHARES COM 92826C839 2,281 10,900 SH   SOLE   10,900 0 0
WALGREEN CO COM 931422109 400 5,400 SH   SOLE   5,400 0 0
WAL-MART STORES INC COM 931142103 719 9,549 SH   SOLE   9,549 0 0
WALT DISNEY CO/THE COM 254687106 793 9,300 SH   SOLE   9,300 0 0
WEATHERFORD INTERNATIONAL PL COM H27013103 17,156 759,100 SH   SOLE   759,100 0 0
WELLS FARGO & CO COM 949746101 1,465 27,700 SH   SOLE   27,700 0 0
WEYERHAEUSER CO COM 962166104 29,183 895,743 SH   SOLE   895,743 0 0
WISCONSIN ENERGY CORP COM 976657106 356 7,600 SH   SOLE   7,600 0 0
WYNDHAM WORLDWIDE CORP COM 98310W108 2,049 27,100 SH   SOLE   27,100 0 0
YAHOO! INC COM 984332106 209 6,100 SH   SOLE   6,100 0 0