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
Air Products and Chemicals, Inc. COM 009158106 5,873 23,500 SH   SOLE   23,500 0 0
Albemarle Corporation COM 012653101 1,990 9,000 SH   SOLE   9,000 0 0
Amcor plc COM G0250X107 1,417 125,100 SH   SOLE   125,100 0 0
APA Corporation COM 03743Q108 9,184 222,200 SH   SOLE   222,200 0 0
Avery Dennison Corporation COM 053611109 957 5,500 SH   SOLE   5,500 0 0
Baker Hughes Company COM 05722G100 6,259 171,900 SH   SOLE   171,900 0 0
Ball Corporation COM 058498106 2,619 29,100 SH   SOLE   29,100 0 0
BP plc Sponsored ADR COM 055622104 1,508 51,300 SH   SOLE   51,300 0 0
Canadian Natural Resources Limited COM 136385101 2,963 47,800 SH   SOLE   47,800 0 0
Celanese Corporation COM 150870103 857 6,000 SH   SOLE   6,000 0 0
Cenovus Energy Inc. COM 15135U109 2,947 176,700 SH   SOLE   176,700 0 0
CF Industries Holdings, Inc. COM 125269100 4,937 47,900 SH   SOLE   47,900 0 0
Cheniere Energy, Inc. COM 16411R208 3,605 26,000 SH   SOLE   26,000 0 0
Chevron Corporation COM 166764100 89,408 549,091 SH   SOLE   549,091 0 0
ConocoPhillips COM 20825C104 48,923 489,226 SH   SOLE   489,226 0 0
Corteva Inc. COM 22052L104 3,808 66,245 SH   SOLE   66,245 0 0
Coterra Energy Inc. COM 127097103 4,143 153,600 SH   SOLE   153,600 0 0
Devon Energy Corporation COM 25179M103 7,072 119,600 SH   SOLE   119,600 0 0
Diamondback Energy, Inc. COM 25278X109 13,585 99,100 SH   SOLE   99,100 0 0
Dow, Inc. COM 260557103 4,189 65,745 SH   SOLE   65,745 0 0
DuPont de Nemours, Inc. COM 26614N102 5,444 73,987 SH   SOLE   73,987 0 0
Eastman Chemical Company COM 277432100 997 8,900 SH   SOLE   8,900 0 0
Ecolab Inc. COM 278865100 4,520 25,600 SH   SOLE   25,600 0 0
EOG Resources, Inc. COM 26875P101 21,175 177,600 SH   SOLE   177,600 0 0
Exxon Mobil Corporation COM 30231G102 104,124 1,260,730 SH   SOLE   1,260,730 0 0
FMC Corporation COM 302491303 1,381 10,500 SH   SOLE   10,500 0 0
Freeport-McMoRan, Inc. COM 35671D857 11,599 233,200 SH   SOLE   233,200 0 0
Halliburton Company COM 406216101 13,253 349,970 SH   SOLE   349,970 0 0
Hess Corporation COM 42809H107 5,748 53,700 SH   SOLE   53,700 0 0
International Flavors & Fragrances Inc. COM 459506101 2,759 21,006 SH   SOLE   21,006 0 0
International Paper Company COM 460146103 1,301 28,200 SH   SOLE   28,200 0 0
Kinder Morgan, Inc. COM 49456B101 8,782 464,400 SH   SOLE   464,400 0 0
Linde plc COM G5494J103 21,657 67,800 SH   SOLE   67,800 0 0
LyondellBasell Industries N.V. COM N53745100 6,313 61,400 SH   SOLE   61,400 0 0
Marathon Oil Corporation COM 565849106 2,973 118,400 SH   SOLE   118,400 0 0
Marathon Petroleum Corporation COM 56585A102 21,203 247,985 SH   SOLE   247,985 0 0
Martin Marietta Materials, Inc. COM 573284106 1,732 4,500 SH   SOLE   4,500 0 0
Mosaic Company COM 61945C103 1,397 21,001 SH   SOLE   21,001 0 0
Newmont Corporation COM 651639106 6,896 86,800 SH   SOLE   86,800 0 0
Nucor Corporation COM 670346105 3,137 21,100 SH   SOLE   21,100 0 0
Occidental Petroleum Corporation COM 674599105 18,097 318,951 SH   SOLE   318,951 0 0
ONEOK, Inc. COM 682680103 10,135 143,500 SH   SOLE   143,500 0 0
Packaging Corporation of America COM 695156109 1,186 7,600 SH   SOLE   7,600 0 0
Phillips 66 COM 718546104 8,689 100,575 SH   SOLE   100,575 0 0
Pioneer Natural Resources Company COM 723787107 24,353 97,400 SH   SOLE   97,400 0 0
PPG Industries, Inc. COM 693506107 2,582 19,700 SH   SOLE   19,700 0 0
Schlumberger N.V. COM 806857108 17,507 423,800 SH   SOLE   423,800 0 0
Sealed Air Corporation COM 81211K100 3,716 55,500 SH   SOLE   55,500 0 0
Shell plc Sponsored ADR COM 780259305 1,571 28,600 SH   SOLE   28,600 0 0
Sherwin-Williams Company COM 824348106 9,660 38,700 SH   SOLE   38,700 0 0
Steel Dynamics, Inc. COM 858119100 2,711 32,500 SH   SOLE   32,500 0 0
Suncor Energy Inc. COM 867224107 1,512 46,400 SH   SOLE   46,400 0 0
TotalEnergies SE Sponsored ADR COM 89151E109 1,440 28,500 SH   SOLE   28,500 0 0
Valero Energy Corporation COM 91913Y100 13,363 131,600 SH   SOLE   131,600 0 0
Vulcan Materials Company COM 929160109 1,800 9,800 SH   SOLE   9,800 0 0
WestRock Company COM 96145D105 1,044 22,200 SH   SOLE   22,200 0 0
Whiting Petroleum Corporation COM 966387508 37 452 SH   SOLE   452 0 0
Williams Companies, Inc. COM 969457100 10,982 328,700 SH   SOLE   328,700 0 0