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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
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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
AERCAP HOLDINGS NV SHS N00985106   180,007,166 2,872,302 SH   SOLE   2,872,302 0 0
AMERICAN HOMES 4 RENT CL A 02665T306   77,495,625 2,300,256 SH   SOLE   2,300,256 0 0
AXALTA COATING SYS LTD COM G0750C108   32,390,209 1,204,097 SH   SOLE   1,204,097 0 0
CONSTELLATION ENERGY CORP COM 21037T109   116,889,692 1,071,596 SH   SOLE   1,071,596 0 0
FERGUSON PLC NEW SHS G3421J106   80,977,133 492,352 SH   SOLE   492,352 0 0
KNIFE RIVER CORP COMMON STOCK 498894104   74,226,874 1,520,108 SH   SOLE   1,520,108 0 0
MDU RES GROUP INC COM 552690109   35,479,038 1,812,004 SH   SOLE   1,812,004 0 0
MSC INDL DIRECT INC CL A 553530106   70,659,265 719,911 SH   SOLE   719,911 0 0
NEWS CORP NEW CL A 65249B109   80,795,401 4,027,687 SH   SOLE   4,027,687 0 0
NEWS CORP NEW CL B 65249B208   33,908,699 1,624,758 SH   SOLE   1,624,758 0 0
SPDR SER TR S&P OILGAS EXP 78468R556   80,695,407 545,571 SH   SOLE   545,571 0 0