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 4,497 18,700 SH   SOLE   18,700 0 0
Albemarle Corporation COM 012653101 1,881 9,000 SH   SOLE   9,000 0 0
Amcor plc COM G0250X107 1,555 125,100 SH   SOLE   125,100 0 0
APA Corporation COM 03743Q108 5,909 169,300 SH   SOLE   169,300 0 0
Avery Dennison Corporation COM 053611109 890 5,500 SH   SOLE   5,500 0 0
Baker Hughes Company COM 05722G100 4,963 171,900 SH   SOLE   171,900 0 0
Ball Corporation COM 058498106 2,001 29,100 SH   SOLE   29,100 0 0
Celanese Corporation COM 150870103 3,658 31,100 SH   SOLE   31,100 0 0
Cenovus Energy Inc. COM 15135U109 3,359 176,700 SH   SOLE   176,700 0 0
CF Industries Holdings, Inc. COM 125269100 4,415 51,500 SH   SOLE   51,500 0 0
Cheniere Energy, Inc. COM 16411R208 1,623 12,200 SH   SOLE   12,200 0 0
Chevron Corporation COM 166764100 83,884 579,391 SH   SOLE   579,391 0 0
ConocoPhillips COM 20825C104 43,937 489,226 SH   SOLE   489,226 0 0
Corteva Inc. COM 22052L104 3,587 66,245 SH   SOLE   66,245 0 0
Coterra Energy Inc. COM 127097103 9,762 378,500 SH   SOLE   378,500 0 0
Devon Energy Corporation COM 25179M103 7,082 128,500 SH   SOLE   128,500 0 0
Diamondback Energy, Inc. COM 25278X109 12,006 99,100 SH   SOLE   99,100 0 0
Dow, Inc. COM 260557103 3,393 65,745 SH   SOLE   65,745 0 0
DuPont de Nemours, Inc. COM 26614N102 2,339 42,087 SH   SOLE   42,087 0 0
Eastman Chemical Company COM 277432100 799 8,900 SH   SOLE   8,900 0 0
Ecolab Inc. COM 278865100 3,936 25,600 SH   SOLE   25,600 0 0
EOG Resources, Inc. COM 26875P101 16,765 151,800 SH   SOLE   151,800 0 0
Exxon Mobil Corporation COM 30231G102 111,069 1,296,930 SH   SOLE   1,296,930 0 0
FMC Corporation COM 302491303 1,124 10,500 SH   SOLE   10,500 0 0
Freeport-McMoRan, Inc. COM 35671D857 7,031 240,300 SH   SOLE   240,300 0 0
Halliburton Company COM 406216101 12,778 407,470 SH   SOLE   407,470 0 0
Hess Corporation COM 42809H107 5,689 53,700 SH   SOLE   53,700 0 0
International Flavors & Fragrances Inc. COM 459506101 2,502 21,006 SH   SOLE   21,006 0 0
International Paper Company COM 460146103 1,180 28,200 SH   SOLE   28,200 0 0
Kinder Morgan, Inc. COM 49456B101 7,783 464,400 SH   SOLE   464,400 0 0
Linde plc COM G5494J103 20,587 71,600 SH   SOLE   71,600 0 0
LyondellBasell Industries N.V. COM N53745100 5,370 61,400 SH   SOLE   61,400 0 0
Marathon Oil Corporation COM 565849106 3,172 141,100 SH   SOLE   141,100 0 0
Marathon Petroleum Corporation COM 56585A102 20,387 247,985 SH   SOLE   247,985 0 0
Martin Marietta Materials, Inc. COM 573284106 1,347 4,500 SH   SOLE   4,500 0 0
Mosaic Company COM 61945C103 1,209 25,601 SH   SOLE   25,601 0 0
Newmont Corporation COM 651639106 5,179 86,800 SH   SOLE   86,800 0 0
Nucor Corporation COM 670346105 2,203 21,100 SH   SOLE   21,100 0 0
Occidental Petroleum Corporation COM 674599105 20,629 350,351 SH   SOLE   350,351 0 0
ONEOK, Inc. COM 682680103 6,410 115,500 SH   SOLE   115,500 0 0
Packaging Corporation of America COM 695156109 1,045 7,600 SH   SOLE   7,600 0 0
Phillips 66 COM 718546104 8,746 106,675 SH   SOLE   106,675 0 0
Pioneer Natural Resources Company COM 723787107 21,728 97,400 SH   SOLE   97,400 0 0
PPG Industries, Inc. COM 693506107 2,252 19,700 SH   SOLE   19,700 0 0
Schlumberger N.V. COM 806857108 15,155 423,800 SH   SOLE   423,800 0 0
Sealed Air Corporation COM 81211K100 514 8,900 SH   SOLE   8,900 0 0
Sherwin-Williams Company COM 824348106 8,150 36,400 SH   SOLE   36,400 0 0
Steel Dynamics, Inc. COM 858119100 2,150 32,500 SH   SOLE   32,500 0 0
Suncor Energy Inc. COM 867224107 1,627 46,400 SH   SOLE   46,400 0 0
Williams Companies, Inc. COM 969457100 8,577 274,800 SH   SOLE   274,800 0 0
Valero Energy Corporation COM 91913Y100 15,814 148,800 SH   SOLE   148,800 0 0
Vulcan Materials Company COM 929160109 1,393 9,800 SH   SOLE   9,800 0 0
WestRock Company COM 96145D105 614 15,400 SH   SOLE   15,400 0 0
Whiting Petroleum Corporation COM 966387508 31 452 SH   SOLE   452 0 0