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
ABERCROMBIE & FITCH CO CL A 002896207 13,756 430,000 SH   SOLE   430,000 0 0
ALPHABET INC CAP STK CL A 02079K305 19,191 6,900 SH   SOLE   6,900 0 0
ARCH RESOURCES INC CL A 03940R107 47,182 343,444 SH   SOLE   343,444 0 0
BARCLAYS PLC ADR 06738E204 6,320 800,000 SH Call SOLE   800,000 0 0
BRP INC COM SUN VTG 05577W200 8,200 100,000 SH   SOLE   100,000 0 0
BRUNSWICK CORP COM 117043109 45,511 562,623 SH   SOLE   562,623 0 0
BUCKLE INC COM 118440106 8,247 249,620 SH   SOLE   249,620 0 0
CATERPILLAR INC COM 149123101 10,027 45,000 SH   SOLE   45,000 0 0
CENTURY ALUM CO COM 156431108 41,044 1,560,000 SH   SOLE   1,560,000 0 0
CHESAPEAKE ENERGY CORP COM 165167735 61,007 701,231 SH   SOLE   701,231 0 0
CHILDRENS PL INC NEW COM 168905107 16,035 325,253 SH   SOLE   325,253 0 0
CLEVELAND-CLIFFS INC NEW COM 185899101 26,474 821,906 SH   SOLE   821,906 0 0
CONOCOPHILLIPS COM 20825C104 30,065 300,651 SH   SOLE   300,651 0 0
DANAOS CORPORATION SHS Y1968P121 78,932 769,471 SH   SOLE   769,471 0 0
DEVON ENERGY CORP NEW COM 25179M103 43,550 736,519 SH   SOLE   736,519 0 0
DHT HOLDINGS INC SHS NEW Y2065G121 9,891 1,705,367 SH   SOLE   1,705,367 0 0
ERO COPPER CORP COM 296006109 33,846 2,307,480 SH   SOLE   2,307,480 0 0
FLUOR CORP NEW COM 343412102 9,169 319,574 SH   SOLE   319,574 0 0
HARLEY DAVIDSON INC COM 412822108 107,786 2,735,690 SH   SOLE   2,735,690 0 0
HESS CORP COM 42809H107 38,215 357,014 SH   SOLE   357,014 0 0
KB HOME COM 48666K109 18,619 575,000 SH   SOLE   575,000 0 0
KNIGHT-SWIFT TRANSN HLDGS IN CL A 499049104 28,762 570,000 SH   SOLE   570,000 0 0
KRATOS DEFENSE & SEC SOLUTIO COM NEW 50077B207 3,973 194,000 SH   SOLE   194,000 0 0
LITHIA MTRS INC COM 536797103 3,902 13,000 SH   SOLE   13,000 0 0
LOUISIANA PAC CORP COM 546347105 63,999 1,030,250 SH   SOLE   1,030,250 0 0
MASONITE INTL CORP COM 575385109 13,731 154,380 SH   SOLE   154,380 0 0
MODERNA INC COM 60770K107 703 4,082 SH   SOLE   4,082 0 0
NORTHROP GRUMMAN CORP COM 666807102 8,944 20,000 SH   SOLE   20,000 0 0
NVR INC COM 62944T105 31,910 7,143 SH   SOLE   7,143 0 0
OLIN CORP COM PAR $1 680665205 23,735 454,000 SH   SOLE   454,000 0 0
RIO TINTO PLC SPONSORED ADR 767204100 77,687 966,262 SH   SOLE   966,262 0 0
STAR BULK CARRIERS CORP. SHS PAR Y8162K204 33,281 1,120,944 SH   SOLE   1,120,944 0 0
TECK COMINCO LTD A SHARES CL A 878742303 12,200 279,939 SH   SOLE   279,939 0 0
TECK RESOURCES LTD CL B 878742204 32,312 800,000 SH   SOLE   800,000 0 0
UNIFI INC COM NEW 904677200 24,747 1,367,240 SH   SOLE   1,367,240 0 0
WEST FRASER TIMBER CO LTD COM 952845105 82,862 1,005,600 SH   SOLE   1,005,600 0 0
WILLIAMS ROWLAND ACQUISITION UNIT 99/99/9999 96951B201 5,038 499,800 SH   SOLE   499,800 0 0
ZIM INTEGRATED SHIPPING SERV SHS M9T951109 38,173 525,000 SH   SOLE   525,000 0 0