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 6,237 26,800 SH   SOLE   26,800 0 0
Albemarle Corporation COM 012653101 2,380 9,000 SH   SOLE   9,000 0 0
Amcor plc COM G0250X107 1,342 125,100 SH   SOLE   125,100 0 0
APA Corp. COM 03743Q108 1,915 56,000 SH   SOLE   56,000 0 0
Avery Dennison Corporation COM 053611109 895 5,500 SH   SOLE   5,500 0 0
Baker Hughes Company COM 05722G100 3,603 171,900 SH   SOLE   171,900 0 0
Ball Corporation COM 058498106 1,406 29,100 SH   SOLE   29,100 0 0
Celanese Corporation COM 150870103 2,367 26,200 SH   SOLE   26,200 0 0
Cenovus Energy Inc. COM 15135U109 2,716 176,700 SH   SOLE   176,700 0 0
CF Industries Holdings, Inc. COM 125269100 4,659 48,400 SH   SOLE   48,400 0 0
Cheniere Energy, Inc. COM 16411R208 2,024 12,200 SH   SOLE   12,200 0 0
Chevron Corporation COM 166764100 80,353 559,291 SH   SOLE   559,291 0 0
Chord Energy Corporation COM 674215207 36 260 SH   SOLE   260 0 0
ConocoPhillips COM 20825C104 50,026 488,826 SH   SOLE   488,826 0 0
Corteva Inc. COM 22052L104 3,786 66,245 SH   SOLE   66,245 0 0
Coterra Energy Inc. COM 127097103 10,654 407,900 SH   SOLE   407,900 0 0
Devon Energy Corporation COM 25179M103 9,242 153,700 SH   SOLE   153,700 0 0
Diamondback Energy, Inc. COM 25278X109 11,094 92,100 SH   SOLE   92,100 0 0
Dow, Inc. COM 260557103 2,888 65,745 SH   SOLE   65,745 0 0
DuPont de Nemours, Inc. COM 26614N102 2,121 42,087 SH   SOLE   42,087 0 0
Eastman Chemical Company COM 277432100 632 8,900 SH   SOLE   8,900 0 0
Ecolab Inc. COM 278865100 3,697 25,600 SH   SOLE   25,600 0 0
EOG Resources, Inc. COM 26875P101 15,989 143,100 SH   SOLE   143,100 0 0
EQT Corporation COM 26884L109 2,021 49,600 SH   SOLE   49,600 0 0
Exxon Mobil Corporation COM 30231G102 115,531 1,323,230 SH   SOLE   1,323,230 0 0
FMC Corporation COM 302491303 3,182 30,100 SH   SOLE   30,100 0 0
Freeport-McMoRan, Inc. COM 35671D857 6,043 221,100 SH   SOLE   221,100 0 0
Halliburton Company COM 406216101 10,032 407,470 SH   SOLE   407,470 0 0
Hess Corporation COM 42809H107 14,605 134,000 SH   SOLE   134,000 0 0
International Flavors & Fragrances Inc. COM 459506101 1,908 21,006 SH   SOLE   21,006 0 0
International Paper Company COM 460146103 894 28,200 SH   SOLE   28,200 0 0
Kinder Morgan, Inc. COM 49456B101 7,340 441,100 SH   SOLE   441,100 0 0
Linde plc COM G5494J103 17,442 64,700 SH   SOLE   64,700 0 0
LyondellBasell Industries N.V. COM N53745100 2,341 31,100 SH   SOLE   31,100 0 0
Marathon Oil Corporation COM 565849106 2,868 127,000 SH   SOLE   127,000 0 0
Marathon Petroleum Corporation COM 56585A102 23,252 234,085 SH   SOLE   234,085 0 0
Martin Marietta Materials, Inc. COM 573284106 1,449 4,500 SH   SOLE   4,500 0 0
Materials Select Sector SPDR Fund COM 81369Y100 1,782 26,200 SH   SOLE   26,200 0 0
Mosaic Company COM 61945C103 1,237 25,601 SH   SOLE   25,601 0 0
Newmont Corporation COM 651639106 3,648 86,800 SH   SOLE   86,800 0 0
Nucor Corporation COM 670346105 2,257 21,100 SH   SOLE   21,100 0 0
Occidental Petroleum Corporation COM 674599105 20,153 327,951 SH   SOLE   327,951 0 0
ONEOK, Inc. COM 682680103 4,484 87,500 SH   SOLE   87,500 0 0
Packaging Corporation of America COM 695156109 853 7,600 SH   SOLE   7,600 0 0
Phillips 66 COM 718546104 8,611 106,675 SH   SOLE   106,675 0 0
Pioneer Natural Resources Company COM 723787107 20,830 96,200 SH   SOLE   96,200 0 0
PPG Industries, Inc. COM 693506107 2,181 19,700 SH   SOLE   19,700 0 0
Schlumberger N.V. COM 806857108 15,214 423,800 SH   SOLE   423,800 0 0
Sealed Air Corporation COM 81211K100 396 8,900 SH   SOLE   8,900 0 0
Sherwin-Williams Company COM 824348106 7,453 36,400 SH   SOLE   36,400 0 0
Steel Dynamics, Inc. COM 858119100 1,987 28,000 SH   SOLE   28,000 0 0
Suncor Energy Inc. COM 867224107 1,306 46,400 SH   SOLE   46,400 0 0
Williams Companies, Inc. COM 969457100 7,868 274,800 SH   SOLE   274,800 0 0
Valero Energy Corporation COM 91913Y100 16,765 156,900 SH   SOLE   156,900 0 0
Vulcan Materials Company COM 929160109 1,546 9,800 SH   SOLE   9,800 0 0
WestRock Company COM 96145D105 476 15,400 SH   SOLE   15,400 0 0