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 13,741 60,700 SH   SOLE   60,700 0 0
Albemarle Corporation COM 012653101 1,063 15,100 SH   SOLE   15,100 0 0
Amcor plc COM G0250X107 2,076 180,700 SH   SOLE   180,700 0 0
Anadarko Petroleum Corporation COM 032511107 12,186 172,700 SH   SOLE   172,700 0 0
Apache Corporation COM 037411105 3,108 107,300 SH   SOLE   107,300 0 0
Avery Dennison Corporation COM 053611109 1,481 12,800 SH   SOLE   12,800 0 0
Baker Hughes, a GE company Class A COM 05722G100 3,278 133,100 SH   SOLE   133,100 0 0
Ball Corporation COM 058498106 7,328 104,700 SH   SOLE   104,700 0 0
BP plc Sponsored ADR COM 055622104 4,220 101,200 SH   SOLE   101,200 0 0
Cabot Oil & Gas Corporation COM 127097103 2,604 113,400 SH   SOLE   113,400 0 0
Celanese Corporation COM 150870103 5,002 46,400 SH   SOLE   46,400 0 0
CF Industries Holdings, Inc. COM 125269100 1,224 26,200 SH   SOLE   26,200 0 0
Cheniere Energy, Inc. COM 16411R208 6,195 90,500 SH   SOLE   90,500 0 0
Chevron Corporation COM 166764100 86,100 691,900 SH   SOLE   691,900 0 0
Cimarex Energy Company COM 171798101 1,596 26,900 SH   SOLE   26,900 0 0
Concho Resources Inc. COM 20605P101 5,617 54,440 SH   SOLE   54,440 0 0
ConocoPhillips COM 20825C104 20,868 342,100 SH   SOLE   342,100 0 0
Corteva Inc. COM 22052L104 2,887 97,645 SH   SOLE   97,645 0 0
Devon Energy Corporation COM 25179M103 3,422 120,000 SH   SOLE   120,000 0 0
Diamondback Energy, Inc. COM 25278X109 11,126 102,100 SH   SOLE   102,100 0 0
Dow, Inc. COM 260557103 6,684 135,545 SH   SOLE   135,545 0 0
DuPont de Nemours, Inc. COM 26614N102 8,929 118,945 SH   SOLE   118,945 0 0
Eastman Chemical Company COM 277432100 4,296 55,200 SH   SOLE   55,200 0 0
Ecolab Inc. COM 278865100 6,693 33,900 SH   SOLE   33,900 0 0
Energy Select Sector SPDR Fund COM 81369Y506 2,542 39,900 SH   SOLE   39,900 0 0
EOG Resources, Inc. COM 26875P101 23,309 250,200 SH   SOLE   250,200 0 0
Exxon Mobil Corporation COM 30231G102 111,300 1,452,430 SH   SOLE   1,452,430 0 0
FMC Corporation COM 302491303 1,352 16,300 SH   SOLE   16,300 0 0
Freeport-McMoRan, Inc. COM 35671D857 2,056 177,100 SH   SOLE   177,100 0 0
Halliburton Company COM 406216101 6,319 277,870 SH   SOLE   277,870 0 0
Helmerich & Payne, Inc. COM 423452101 1,701 33,600 SH   SOLE   33,600 0 0
Hess Corporation COM 42809H107 4,520 71,100 SH   SOLE   71,100 0 0
HollyFrontier Corporation COM 436106108 2,328 50,300 SH   SOLE   50,300 0 0
International Flavors & Fragrances Inc. COM 459506101 1,509 10,400 SH   SOLE   10,400 0 0
International Paper Company COM 460146103 2,162 49,900 SH   SOLE   49,900 0 0
Kinder Morgan, Inc. COM 49456B101 20,049 960,200 SH   SOLE   960,200 0 0
Linde plc COM G5494J103 15,883 79,100 SH   SOLE   79,100 0 0
LyondellBasell Industries N.V. COM N53745100 3,256 37,800 SH   SOLE   37,800 0 0
Marathon Oil Corporation COM 565849106 3,331 234,400 SH   SOLE   234,400 0 0
Marathon Petroleum Corporation COM 56585A102 14,198 254,085 SH   SOLE   254,085 0 0
Martin Marietta Materials, Inc. COM 573284106 1,611 7,000 SH   SOLE   7,000 0 0
Mosaic Company COM 61945C103 969 38,701 SH   SOLE   38,701 0 0
National Oilwell Varco, Inc. COM 637071101 2,423 109,000 SH   SOLE   109,000 0 0
Newmont Goldcorp Corporation COM 651639106 3,451 89,700 SH   SOLE   89,700 0 0
Noble Energy, Inc. COM 655044105 3,129 139,700 SH   SOLE   139,700 0 0
Nucor Corporation COM 670346105 4,022 73,000 SH   SOLE   73,000 0 0
Occidental Petroleum Corporation COM 674599105 10,649 211,800 SH   SOLE   211,800 0 0
ONEOK, Inc. COM 682680103 12,021 174,700 SH   SOLE   174,700 0 0
Packaging Corporation of America COM 695156109 1,115 11,700 SH   SOLE   11,700 0 0
Phillips 66 COM 718546104 12,925 138,175 SH   SOLE   138,175 0 0
Pioneer Natural Resources Company COM 723787107 12,386 80,500 SH   SOLE   80,500 0 0
PPG Industries, Inc. COM 693506107 3,268 28,000 SH   SOLE   28,000 0 0
Royal Dutch Shell plc Class B Sponsored ADR COM 780259107 4,503 68,500 SH   SOLE   68,500 0 0
Schlumberger Limited COM 806857108 17,112 430,600 SH   SOLE   430,600 0 0
Sealed Air Corporation COM 81211K100 783 18,300 SH   SOLE   18,300 0 0
Sherwin-Williams Company COM 824348106 10,816 23,600 SH   SOLE   23,600 0 0
TechnipFMC plc COM G87110105 2,986 115,100 SH   SOLE   115,100 0 0
Williams Companies, Inc. COM 969457100 9,500 338,800 SH   SOLE   338,800 0 0
Total S.A. Sponsored ADR COM 89151E109 4,435 79,500 SH   SOLE   79,500 0 0
Valero Energy Corporation COM 91913Y100 17,670 206,400 SH   SOLE   206,400 0 0
Vulcan Materials Company COM 929160109 8,115 59,100 SH   SOLE   59,100 0 0
WestRock Company COM 96145D105 1,116 30,600 SH   SOLE   30,600 0 0
Whiting Petroleum Corporation COM 966387409 947 50,675 SH   SOLE   50,675 0 0