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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 FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
ADECOAGRO S A COM L00849106   1,041,382 125,619 SH   SOLE   125,619 0 0
JPMORGAN CHASE & CO COM 46625H100   10,607,310 79,100 SH   SOLE   79,100 0 0
PETROLEO BRASILEIRO SA PETRO SPONSORED ADR 71654V408   29,528,190 2,772,600 SH   SOLE   2,772,600 0 0
MOSAIC CO NEW COM 61945C103   21,081,728 480,550 SH   SOLE   480,550 0 0
SHELL PLC SPON ADS 780259305   17,859,520 313,600 SH   SOLE   313,600 0 0
TECK RESOURCES LTD CL B 878742204   16,394,970 433,500 SH   SOLE   433,500 0 0
CHENIERE ENERGY INC COM NEW 16411R208   15,831,127 105,569 SH   SOLE   105,569 0 0
FREYR BATTERY SHS L4135L100   13,296,892 1,531,900 SH   SOLE   1,531,900 0 0