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
CENOVUS ENERGY INC COM 15135U109   2,530,900 50,592,691 SH   SOLE   50,592,691 0 0
AMAZON COM INC COM 023135106   250,000 45,095,000 SH   SOLE   45,095,000 0 0
VALERO ENERGY CORP COM 91913Y100   253,100 43,201,639 SH   SOLE   43,201,639 0 0
MICROSOFT CORP COM 594918104   100,000 42,072,000 SH   SOLE   42,072,000 0 0
CRH PLC ORD G25508105   406,146 35,034,154 SH   SOLE   35,034,154 0 0
OSISKO GOLD ROYALTIES LTD COM 68827L101   2,032,300 33,370,366 SH   SOLE   33,370,366 0 0
GENERAL ELECTRIC CO COM 369604301   153,400 26,926,302 SH   SOLE   26,926,302 0 0
MORGAN STANLEY COM NEW 617446448   250,000 23,540,000 SH   SOLE   23,540,000 0 0
MCKESSON CORP COM 58155Q103   40,000 21,474,000 SH   SOLE   21,474,000 0 0
WORKDAY INC CL A 98138H101   75,000 20,456,250 SH   SOLE   20,456,250 0 0
UBER TECHNOLOGIES INC COM 90353T100   250,000 19,247,500 SH   SOLE   19,247,500 0 0
NVENT ELECTRIC PLC SHS G6700G107   250,000 18,850,000 SH   SOLE   18,850,000 0 0
WESCO INTL INC COM 95082P105   100,000 17,128,000 SH   SOLE   17,128,000 0 0
LIVE NATION ENTERTAINMENT IN COM 538034109   150,000 15,865,500 SH   SOLE   15,865,500 0 0
ALPHABET INC CAP STK CL A 02079K305   100,000 15,093,000 SH   SOLE   15,093,000 0 0
NUCOR CORP COM 670346105   75,000 14,842,500 SH   SOLE   14,842,500 0 0
MASTERCARD INCORPORATED CL A 57636Q104   30,000 14,447,100 SH   SOLE   14,447,100 0 0
APPLIED MATLS INC COM 038222105   65,000 13,404,950 SH   SOLE   13,404,950 0 0
PUBLIC SVC ENTERPRISE GRP IN COM 744573106   200,000 13,356,000 SH   SOLE   13,356,000 0 0
ROYAL GOLD INC COM 780287108   100,000 12,181,000 SH   SOLE   12,181,000 0 0
FRANCO NEV CORP COM 351858105   100,000 11,916,000 SH   SOLE   11,916,000 0 0
SPOTIFY TECHNOLOGY S A SHS L8681T102   45,000 11,875,500 SH   SOLE   11,875,500 0 0
CAMECO CORP COM 13321L108   250,000 10,830,000 SH   SOLE   10,830,000 0 0
UNITEDHEALTH GROUP INC COM 91324P102   20,000 9,894,000 SH   SOLE   9,894,000 0 0
SPHERE ENTERTAINMENT CO CL A 55826T102   200,000 9,816,000 SH   SOLE   9,816,000 0 0
KNIGHT-SWIFT TRANSN HLDGS IN CL A 499049104   175,000 9,628,500 SH   SOLE   9,628,500 0 0
MDU RES GROUP INC COM 552690109   350,000 8,820,000 SH   SOLE   8,820,000 0 0
DEERE & CO COM 244199105   20,000 8,214,800 SH   SOLE   8,214,800 0 0
PINNACLE WEST CAP CORP COM 723484101   100,000 7,473,000 SH   SOLE   7,473,000 0 0
CADENCE DESIGN SYSTEM INC COM 127387108   20,000 6,225,600 SH   SOLE   6,225,600 0 0
ALCOA CORP COM 013872106   50,000 1,689,500 SH   SOLE   1,689,500 0 0
NEXGEN ENERGY LTD COM 65340P106   200,000 1,554,000 SH   SOLE   1,554,000 0 0
UNITED STS COMMODITY INDEX F CM REP COPP FD 911718104   28,500 715,920 SH   SOLE   715,920 0 0
CORE & MAIN INC CL A 21874C102   10,500 601,125 SH   SOLE   601,125 0 0
EATON CORP PLC SHS G29183103   1,710 534,683 SH   SOLE   534,683 0 0
STEEL DYNAMICS INC COM 858119100   3,400 503,982 SH   SOLE   503,982 0 0
KINETIK HOLDINGS INC COM NEW CL A 02215L209   6,800 271,116 SH   SOLE   271,116 0 0