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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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
ACTIVISION BLIZZARD INC COM 00507V109 21,326 229,687 SH   SOLE   229,687 0 0
CAMECO CORP COM 13321L108 9,261 691,100 SH   SOLE   691,100 0 0
CENTURY ALUM CO COM 156431108 3,687 334,238 SH   SOLE   334,238 0 0
CLEVELAND-CLIFFS INC NEW COM 185899101 62,247 4,275,233 SH   SOLE   4,275,233 0 0
DISH NETWORK CORPORATION CL A 25470M109 103,404 3,197,390 SH   SOLE   3,197,390 0 0
ENPHASE ENERGY INC COM 29355A107 8,234 46,925 SH   SOLE   46,925 0 0
EQT CORP COM 26884L109 25,635 2,016,905 SH   SOLE   2,016,905 0 0
ISHARES INC MSCI BRAZIL ETF 464286400 3,900 105,208 SH   SOLE   105,208 0 0
ISHARES INC MSCI MEXICO ETF 464286822 4,002 93,100 SH   SOLE   93,100 0 0
ISHARES TR MSCI EMG MKT ETF 464287234 8,099 156,740 SH   SOLE   156,740 0 0
MICROSOFT CORP COM 594918104 40,653 182,774 SH   SOLE   182,774 0 0
NVIDIA CORPORATION COM 67066G104 16,455 31,511 SH   SOLE   31,511 0 0
PAYA HOLDINGS INC COM CL A 70434P103 6,790 500,000 SH   SOLE   500,000 0 0
SELECT SECTOR SPDR TR SBI INT-FINL 81369Y605 18,497 627,442 SH   SOLE   627,442 0 0
SELECT SECTOR SPDR TR SBI INT-INDS 81369Y704 4,981 56,250 SH   SOLE   56,250 0 0
SONY CORP SPONSORED ADR 835699307 15,041 148,775 SH   SOLE   148,775 0 0
TECK RESOURCES LTD CL B 878742204 64,816 3,571,140 SH   SOLE   3,571,140 0 0