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 FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
Air Products and Chemicals, Inc. COM 009158106   8,261,368 26,800 SH   SOLE   26,800 0 0
Albemarle Corporation COM 012653101   1,951,740 9,000 SH   SOLE   9,000 0 0
Amcor plc COM G0250X107   1,489,941 125,100 SH   SOLE   125,100 0 0
APA Corp. COM 03743Q108   2,614,080 56,000 SH   SOLE   56,000 0 0
Avery Dennison Corporation COM 053611109   995,500 5,500 SH   SOLE   5,500 0 0
Baker Hughes Company COM 05722G100   5,988,684 202,800 SH   SOLE   202,800 0 0
Ball Corporation COM 058498106   1,488,174 29,100 SH   SOLE   29,100 0 0
Celanese Corporation COM 150870103   1,881,216 18,400 SH   SOLE   18,400 0 0
CF Industries Holdings, Inc. COM 125269100   3,842,520 45,100 SH   SOLE   45,100 0 0
Cheniere Energy, Inc. COM 16411R208   3,299,120 22,000 SH   SOLE   22,000 0 0
Chevron Corporation COM 166764100   96,578,364 538,071 SH   SOLE   538,071 0 0
Chord Energy Corporation COM 674215207   30,782 225 SH   SOLE   225 0 0
ConocoPhillips COM 20825C104   54,495,468 461,826 SH   SOLE   461,826 0 0
Corteva Inc. COM 22052L104   3,893,881 66,245 SH   SOLE   66,245 0 0
Coterra Energy Inc. COM 127097103   7,388,199 300,700 SH   SOLE   300,700 0 0
Devon Energy Corporation COM 25179M103   9,454,087 153,700 SH   SOLE   153,700 0 0
Diamondback Energy, Inc. COM 25278X109   12,597,438 92,100 SH   SOLE   92,100 0 0
Dow, Inc. COM 260557103   3,312,891 65,745 SH   SOLE   65,745 0 0
DuPont de Nemours, Inc. COM 26614N102   2,888,431 42,087 SH   SOLE   42,087 0 0
Eastman Chemical Company COM 277432100   724,816 8,900 SH   SOLE   8,900 0 0
Ecolab Inc. COM 278865100   3,318,768 22,800 SH   SOLE   22,800 0 0
EOG Resources, Inc. COM 26875P101   18,573,168 143,400 SH   SOLE   143,400 0 0
EQT Corporation COM 26884L109   2,077,162 61,400 SH   SOLE   61,400 0 0
Exxon Mobil Corporation COM 30231G102   148,202,389 1,343,630 SH   SOLE   1,343,630 0 0
FMC Corporation COM 302491303   4,405,440 35,300 SH   SOLE   35,300 0 0
Freeport-McMoRan, Inc. COM 35671D857   8,113,000 213,500 SH   SOLE   213,500 0 0
Halliburton Company COM 406216101   12,079,270 306,970 SH   SOLE   306,970 0 0
Hess Corporation COM 42809H107   18,394,054 129,700 SH   SOLE   129,700 0 0
International Flavors & Fragrances Inc. COM 459506101   2,202,269 21,006 SH   SOLE   21,006 0 0
International Paper Company COM 460146103   976,566 28,200 SH   SOLE   28,200 0 0
Kinder Morgan, Inc. COM 49456B101   6,944,528 384,100 SH   SOLE   384,100 0 0
Linde plc COM G5494J103   20,353,632 62,400 SH   SOLE   62,400 0 0
LyondellBasell Industries N.V. COM N53745100   1,527,752 18,400 SH   SOLE   18,400 0 0
Marathon Oil Corporation COM 565849106   3,437,890 127,000 SH   SOLE   127,000 0 0
Marathon Petroleum Corporation COM 56585A102   25,534,220 219,385 SH   SOLE   219,385 0 0
Martin Marietta Materials, Inc. COM 573284106   4,900,565 14,500 SH   SOLE   14,500 0 0
Materials Select Sector SPDR Fund COM 81369Y100   3,262,560 42,000 SH   SOLE   42,000 0 0
Mosaic Company COM 61945C103   1,123,116 25,601 SH   SOLE   25,601 0 0
Newmont Corporation COM 651639106   3,662,720 77,600 SH   SOLE   77,600 0 0
Nucor Corporation COM 670346105   5,272,400 40,000 SH   SOLE   40,000 0 0
Occidental Petroleum Corporation COM 674599105   20,575,746 326,651 SH   SOLE   326,651 0 0
ONEOK, Inc. COM 682680103   5,748,750 87,500 SH   SOLE   87,500 0 0
Packaging Corporation of America COM 695156109   972,116 7,600 SH   SOLE   7,600 0 0
Phillips 66 COM 718546104   19,418,726 186,575 SH   SOLE   186,575 0 0
Pioneer Natural Resources Company COM 723787107   21,285,948 93,200 SH   SOLE   93,200 0 0
PPG Industries, Inc. COM 693506107   2,477,078 19,700 SH   SOLE   19,700 0 0
Schlumberger N.V. COM 806857108   22,656,348 423,800 SH   SOLE   423,800 0 0
Sealed Air Corporation COM 81211K100   443,932 8,900 SH   SOLE   8,900 0 0
Sherwin-Williams Company COM 824348106   8,947,341 37,700 SH   SOLE   37,700 0 0
Steel Dynamics, Inc. COM 858119100   2,735,600 28,000 SH   SOLE   28,000 0 0
Targa Resources Corp. COM 87612G101   2,469,600 33,600 SH   SOLE   33,600 0 0
Williams Companies, Inc. COM 969457100   8,942,220 271,800 SH   SOLE   271,800 0 0
Valero Energy Corporation COM 91913Y100   10,909,960 86,000 SH   SOLE   86,000 0 0
Vulcan Materials Company COM 929160109   1,716,078 9,800 SH   SOLE   9,800 0 0
WestRock Company COM 96145D105   541,464 15,400 SH   SOLE   15,400 0 0