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 8,271 29,400 SH   SOLE   29,400 0 0
Albemarle Corporation COM 012653101 1,315 9,000 SH   SOLE   9,000 0 0
Amcor plc COM G0250X107 1,461 125,100 SH   SOLE   125,100 0 0
Apache Corporation COM 03743Q108 3,482 194,500 SH   SOLE   194,500 0 0
Avery Dennison Corporation COM 053611109 1,010 5,500 SH   SOLE   5,500 0 0
Baker Hughes Company COM 05722G100 3,903 180,600 SH   SOLE   180,600 0 0
Ball Corporation COM 058498106 2,466 29,100 SH   SOLE   29,100 0 0
Cabot Oil & Gas Corporation COM 127097103 2,113 112,500 SH   SOLE   112,500 0 0
Celanese Corporation COM 150870103 4,494 30,000 SH   SOLE   30,000 0 0
CF Industries Holdings, Inc. COM 125269100 576 12,700 SH   SOLE   12,700 0 0
Chevron Corporation COM 166764100 56,575 539,891 SH   SOLE   539,891 0 0
ConocoPhillips COM 20825C104 26,301 496,526 SH   SOLE   496,526 0 0
Corteva Inc. COM 22052L104 3,088 66,245 SH   SOLE   66,245 0 0
Devon Energy Corporation COM 25179M103 5,373 245,900 SH   SOLE   245,900 0 0
Diamondback Energy, Inc. COM 25278X109 2,976 40,500 SH   SOLE   40,500 0 0
Dow, Inc. COM 260557103 4,204 65,745 SH   SOLE   65,745 0 0
DuPont de Nemours, Inc. COM 26614N102 6,962 90,087 SH   SOLE   90,087 0 0
Eastman Chemical Company COM 277432100 980 8,900 SH   SOLE   8,900 0 0
Ecolab Inc. COM 278865100 5,630 26,300 SH   SOLE   26,300 0 0
EOG Resources, Inc. COM 26875P101 13,433 185,200 SH   SOLE   185,200 0 0
Exxon Mobil Corporation COM 30231G102 73,524 1,316,930 SH   SOLE   1,316,930 0 0
FMC Corporation COM 302491303 1,161 10,500 SH   SOLE   10,500 0 0
Freeport-McMoRan, Inc. COM 35671D857 7,330 222,600 SH   SOLE   222,600 0 0
Halliburton Company COM 406216101 5,858 272,970 SH   SOLE   272,970 0 0
Hess Corporation COM 42809H107 9,015 127,400 SH   SOLE   127,400 0 0
HollyFrontier Corporation COM 436106108 1,714 47,900 SH   SOLE   47,900 0 0
International Flavors & Fragrances Inc. COM 459506101 2,933 21,006 SH   SOLE   21,006 0 0
International Paper Company COM 460146103 1,525 28,200 SH   SOLE   28,200 0 0
Kinder Morgan, Inc. COM 49456B101 8,916 535,500 SH   SOLE   535,500 0 0
Linde plc COM G5494J103 15,632 55,800 SH   SOLE   55,800 0 0
LyondellBasell Industries N.V. COM N53745100 5,660 54,400 SH   SOLE   54,400 0 0
Marathon Oil Corporation COM 565849106 2,271 212,600 SH   SOLE   212,600 0 0
Marathon Petroleum Corporation COM 56585A102 13,981 261,385 SH   SOLE   261,385 0 0
Martin Marietta Materials, Inc. COM 573284106 1,511 4,500 SH   SOLE   4,500 0 0
Mosaic Company COM 61945C103 2,990 94,601 SH   SOLE   94,601 0 0
National Oilwell Varco, Inc. COM 62955J103 959 69,900 SH   SOLE   69,900 0 0
Newmont Corporation COM 651639106 5,358 88,900 SH   SOLE   88,900 0 0
Nucor Corporation COM 670346105 1,878 23,400 SH   SOLE   23,400 0 0
Occidental Petroleum Corporation COM 674599105 6,784 254,851 SH   SOLE   254,851 0 0
Occidental Petroleum Corporation *W EXP 8/3/27 674599162 517 43,381 SH   SOLE   43,381 0 0
ONEOK, Inc. COM 682680103 7,442 146,900 SH   SOLE   146,900 0 0
Packaging Corporation of America COM 695156109 1,022 7,600 SH   SOLE   7,600 0 0
Phillips 66 COM 718546104 9,791 120,075 SH   SOLE   120,075 0 0
Pioneer Natural Resources Company COM 723787107 10,228 64,400 SH   SOLE   64,400 0 0
PPG Industries, Inc. COM 693506107 2,960 19,700 SH   SOLE   19,700 0 0
Schlumberger N.V. COM 806857108 14,859 546,500 SH   SOLE   546,500 0 0
Sealed Air Corporation COM 81211K100 431 9,400 SH   SOLE   9,400 0 0
Sherwin-Williams Company COM 824348106 8,930 12,100 SH   SOLE   12,100 0 0
Steel Dynamics, Inc. COM 858119100 2,284 45,000 SH   SOLE   45,000 0 0
Williams Companies, Inc. COM 969457100 7,848 331,300 SH   SOLE   331,300 0 0
Valero Energy Corporation COM 91913Y100 9,995 139,600 SH   SOLE   139,600 0 0
Vulcan Materials Company COM 929160109 4,860 28,800 SH   SOLE   28,800 0 0
WestRock Company COM 96145D105 1,156 22,200 SH   SOLE   22,200 0 0
Whiting Petroleum Corporation COM 966387508 17 476 SH   SOLE   476 0 0