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
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
AGNICO EAGLE MINES LTD COM 008474108   5,456,867 99,487 SH   SOLE   99,487 0 0
ALLISON TRANSMISSION HLDGS I COM 01973R101   3,727,965 64,109 SH   SOLE   64,109 0 0
ALLSTATE CORP COM 020002101   583,437 4,168 SH   SOLE   4,168 0 0
AMERICAN ELEC PWR CO INC COM 025537101   342,424 4,216 SH   SOLE   4,216 0 0
APPLE INC COM 037833100   894,307 4,645 SH   SOLE   4,645 0 0
BARRICK GOLD CORP COM 067901108   1,331,097 73,581 SH   SOLE   73,581 0 0
BEST BUY INC COM 086516101   1,589,084 20,300 SH   SOLE   20,300 0 0
BUCKLE INC COM 118440106   1,678,800 35,328 SH   SOLE   35,328 0 0
BWX TECHNOLOGIES INC COM 05605H100   755,874 9,851 SH   SOLE   9,851 0 0
CAMECO CORP COM 13321L108   4,905,605 113,819 SH   SOLE   113,819 0 0
CF INDS HLDGS INC COM 125269100   1,627,047 20,466 SH   SOLE   20,466 0 0
CHEVRON CORP NEW COM 166764100   1,974,186 13,235 SH   SOLE   13,235 0 0
CISCO SYS INC COM 17275R102   1,179,642 23,350 SH   SOLE   23,350 0 0
CIVITAS RESOURCES INC COM NEW 17888H103   1,996,286 29,194 SH   SOLE   29,194 0 0
CME GROUP INC COM 12572Q105   238,820 1,134 SH   SOLE   1,134 0 0
CONOCOPHILLIPS COM 20825C104   1,239,047 10,675 SH   SOLE   10,675 0 0
CVS HEALTH CORP COM 126650100   1,515,163 19,189 SH   SOLE   19,189 0 0
DIAMONDBACK ENERGY INC COM 25278X109   250,013 1,612 SH   SOLE   1,612 0 0
EASTMAN CHEM CO COM 277432100   979,542 10,905 SH   SOLE   10,905 0 0
EMERSON ELEC CO COM 291011104   1,176,434 12,087 SH   SOLE   12,087 0 0
ENCORE CAP GROUP INC COM 292554102   852,803 16,804 SH   SOLE   16,804 0 0
ENCORE WIRE CORP COM 292562105   274,903 1,287 SH   SOLE   1,287 0 0
ENERPLUS CORP COM 292766102   1,550,153 101,053 SH   SOLE   101,053 0 0
EQT CORP COM 26884L109   218,081 5,641 SH   SOLE   5,641 0 0
EXXON MOBIL CORP COM 30231G102   1,552,315 15,526 SH   SOLE   15,526 0 0
FACTSET RESH SYS INC COM 303075105   780,971 1,637 SH   SOLE   1,637 0 0
FIRSTENERGY CORP COM 337932107   1,180,452 32,200 SH   SOLE   32,200 0 0
FISERV INC COM 337738108   757,985 5,706 SH   SOLE   5,706 0 0
FOMENTO ECONOMICO MEXICANO S SPON ADR UNITS 344419106   698,937 5,362 SH   SOLE   5,362 0 0
FORTUNA SILVER MINES INC COM 349915108   1,219,845 316,022 SH   SOLE   316,022 0 0
FORTUNE BRANDS INNOVATIONS I COM 34964C106   312,174 4,100 SH   SOLE   4,100 0 0
FRANCO NEV CORP COM 351858105   1,209,628 10,916 SH   SOLE   10,916 0 0
GLOBAL PMTS INC COM 37940X102   214,122 1,686 SH   SOLE   1,686 0 0
HERSHEY CO COM 427866108   736,065 3,948 SH   SOLE   3,948 0 0
HP INC COM 40434L105   2,616,857 86,967 SH   SOLE   86,967 0 0
INNOVATIVE INDL PPTYS INC COM 45781V101   1,471,917 14,599 SH   SOLE   14,599 0 0
INTEL CORP COM 458140100   1,127,235 22,432 SH   SOLE   22,432 0 0
ISHARES TR 0-3 MNTH TREASRY 46436E718   4,679,200 46,666 SH   SOLE   46,666 0 0
JOHNSON CTLS INTL PLC SHS G51502105   928,004 16,100 SH   SOLE   16,100 0 0
MASCO CORP COM 574599106   1,004,700 15,000 SH   SOLE   15,000 0 0
MASTERCARD INCORPORATED CL A 57636Q104   252,494 592 SH   SOLE   592 0 0
MICROSOFT CORP COM 594918104   323,018 859 SH   SOLE   859 0 0
MSC INDL DIRECT INC CL A 553530106   873,004 8,621 SH   SOLE   8,621 0 0
NEWMONT CORP COM 651639106   3,459,096 83,573 SH   SOLE   83,573 0 0
NEXSTAR MEDIA GROUP INC COMMON STOCK 65336K103   1,139,392 7,268 SH   SOLE   7,268 0 0
NORDSON CORP COM 655663102   365,862 1,385 SH   SOLE   1,385 0 0
OLD REP INTL CORP COM 680223104   1,437,101 48,881 SH   SOLE   48,881 0 0
ONE GAS INC COM 68235P108   964,140 15,130 SH   SOLE   15,130 0 0
ONEOK INC NEW COM 682680103   4,818,991 68,627 SH   SOLE   68,627 0 0
ORACLE CORP COM 68389X105   246,390 2,337 SH   SOLE   2,337 0 0
PATTERSON COS INC COM 703395103   787,885 27,693 SH   SOLE   27,693 0 0
PHILIP MORRIS INTL INC COM 718172109   3,298,511 35,060 SH   SOLE   35,060 0 0
QUALCOMM INC COM 747525103   1,623,242 11,223 SH   SOLE   11,223 0 0
REVOLVE GROUP INC CL A 76156B107   239,896 14,469 SH   SOLE   14,469 0 0
RH COM 74967X103   1,246,077 4,275 SH   SOLE   4,275 0 0
RLI CORP COM 749607107   630,057 4,733 SH   SOLE   4,733 0 0
ROCKWELL AUTOMATION INC COM 773903109   1,260,027 4,058 SH   SOLE   4,058 0 0
SANDRIDGE ENERGY INC COM NEW 80007P869   1,369,357 100,172 SH   SOLE   100,172 0 0
SCHLUMBERGER LTD COM STK 806857108   1,086,502 20,878 SH   SOLE   20,878 0 0
SCHWAB CHARLES CORP COM 808513105   2,096,198 30,468 SH   SOLE   30,468 0 0
SKYWORKS SOLUTIONS INC COM 83088M102   3,929,051 34,949 SH   SOLE   34,949 0 0
SOUTHERN COPPER CORP COM 84265V105   3,326,442 38,648 SH   SOLE   38,648 0 0
SPROUTS FMRS MKT INC COM 85208M102   1,337,121 27,793 SH   SOLE   27,793 0 0
SS&C TECHNOLOGIES HLDGS INC COM 78467J100   2,387,866 39,074 SH   SOLE   39,074 0 0
SSR MINING IN COM 784730103   535,519 49,895 SH   SOLE   49,895 0 0
STATE STR CORP COM 857477103   556,695 7,186 SH   SOLE   7,186 0 0
SYNCHRONY FINANCIAL COM 87165B103   1,390,116 36,400 SH   SOLE   36,400 0 0
TECK RESOURCES LTD CL B 878742204   1,525,947 36,100 SH   SOLE   36,100 0 0
TORO CO COM 891092108   779,721 8,122 SH   SOLE   8,122 0 0
VONTIER CORPORATION COM 928881101   1,523,655 44,100 SH   SOLE   44,100 0 0
WABASH NATL CORP COM 929566107   1,152,909 45,000 SH   SOLE   45,000 0 0
WHEATON PRECIOUS METALS CORP COM 962879102   3,054,048 61,898 SH   SOLE   61,898 0 0
WILLIAMS SONOMA INC COM 969904101   1,424,228 7,058 SH   SOLE   7,058 0 0