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 FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
ALCOA CORP COM 013872106   1,827,600 54,087 SH   SOLE   0 0 54,087
ALCOA CORP COM 013872106   5,793,701 171,462 SH   SOLE   171,462 0 0
ATI INC COM 01741R102   2,353,871 46,001 SH   SOLE   0 0 46,001
ATI INC COM 01741R102   9,742,512 190,395 SH   SOLE   190,395 0 0
CENTURY ALUM CO COM 156431108   2,591,307 168,376 SH   SOLE   0 0 168,376
CENTURY ALUM CO COM 156431108   30,375,659 1,973,727 SH   SOLE   1,973,727 0 0
CONSTELLIUM SE CL A SHS F21107101   2,547,183 115,205 SH   SOLE   0 0 115,205
CONSTELLIUM SE CL A SHS F21107101   9,702,686 438,837 SH   SOLE   438,837 0 0
DIAMONDBACK ENERGY INC COM 25278X109   9,777,311 49,338 SH   SOLE   49,338 0 0
DIAMONDBACK ENERGY INC COM 25278X109   2,477,720 12,503 SH   SOLE   0 0 12,503
ENTEGRIS INC COM 29362U104   2,351,094 16,729 SH   SOLE   0 0 16,729
ENTEGRIS INC COM 29362U104   7,824,705 55,676 SH   SOLE   55,676 0 0
FREEPORT-MCMORAN INC CL B 35671D857   2,472,406 52,582 SH   SOLE   0 0 52,582
FREEPORT-MCMORAN INC CL B 35671D857   10,480,993 222,905 SH   SOLE   222,905 0 0
HUDBAY MINERALS INC COM 443628102   2,084,446 297,778 SH   SOLE   0 0 297,778
HUDBAY MINERALS INC COM 443628102   6,946,436 992,348 SH   SOLE   992,348 0 0
MATERION CORP COM 576690101   10,965,948 83,233 SH   SOLE   83,233 0 0
MATERION CORP COM 576690101   2,231,582 16,938 SH   SOLE   0 0 16,938
NEXGEN ENERGY LTD COM 65340P106   1,118,732 143,981 SH   SOLE   0 0 143,981
NEXGEN ENERGY LTD COM 65340P106   2,808,863 361,501 SH   SOLE   361,501 0 0
OLIN CORP COM PAR $1 680665205   2,452,254 41,705 SH   SOLE   0 0 41,705
OLIN CORP COM PAR $1 680665205   9,507,078 161,685 SH   SOLE   161,685 0 0
SAN JUAN BASIN RTY TR UNIT BEN INT 798241105   891,995 168,619 SH   SOLE   0 0 168,619
SAN JUAN BASIN RTY TR UNIT BEN INT 798241105   2,916,805 551,381 SH   SOLE   551,381 0 0
SCORPIO TANKERS INC SHS Y7542C130   6,961,815 97,300 SH   SOLE   97,300 0 0
SCORPIO TANKERS INC SHS Y7542C130   2,118,095 29,603 SH   SOLE   0 0 29,603
TRANSOCEAN LTD REGISTERED SHS H8817H100   1,407,524 224,128 SH   SOLE   0 0 224,128
TRANSOCEAN LTD REGISTERED SHS H8817H100   4,468,540 711,551 SH   SOLE   711,551 0 0
VISHAY INTERTECHNOLOGY INC COM 928298108   2,432,430 107,250 SH   SOLE   0 0 107,250
VISHAY INTERTECHNOLOGY INC COM 928298108   46,757,678 2,061,626 SH   SOLE   2,061,626 0 0
WEST FRASER TIMBER CO LTD COM 952845105   2,375,739 27,503 SH   SOLE   0 0 27,503
WEST FRASER TIMBER CO LTD COM 952845105   7,843,230 90,798 SH   SOLE   90,798 0 0