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 (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
Air Products and Chemicals, Inc. COM 009158106 7,295 26,700 SH   SOLE   26,700 0 0
Albemarle Corporation COM 012653101 1,328 9,000 SH   SOLE   9,000 0 0
Amcor plc COM G0250X107 1,472 125,100 SH   SOLE   125,100 0 0
Apache Corporation COM 037411105 1,477 104,100 SH   SOLE   104,100 0 0
Avery Dennison Corporation COM 053611109 853 5,500 SH   SOLE   5,500 0 0
Baker Hughes Company COM 05722G100 4,852 232,700 SH   SOLE   232,700 0 0
Ball Corporation COM 058498106 2,712 29,100 SH   SOLE   29,100 0 0
Cabot Oil & Gas Corporation COM 127097103 2,019 124,000 SH   SOLE   124,000 0 0
Celanese Corporation COM 150870103 3,898 30,000 SH   SOLE   30,000 0 0
CF Industries Holdings, Inc. COM 125269100 914 23,600 SH   SOLE   23,600 0 0
Chevron Corporation COM 166764100 46,835 554,591 SH   SOLE   554,591 0 0
Concho Resources Inc. COM 20605P101 4,134 70,840 SH   SOLE   70,840 0 0
ConocoPhillips COM 20825C104 15,264 381,700 SH   SOLE   381,700 0 0
Corteva Inc. COM 22052L104 2,565 66,245 SH   SOLE   66,245 0 0
Devon Energy Corporation COM 25179M103 1,720 108,800 SH   SOLE   108,800 0 0
Diamondback Energy, Inc. COM 25278X109 2,125 43,900 SH   SOLE   43,900 0 0
Dow, Inc. COM 260557103 3,649 65,745 SH   SOLE   65,745 0 0
DuPont de Nemours, Inc. COM 26614N102 7,783 109,445 SH   SOLE   109,445 0 0
Eastman Chemical Company COM 277432100 892 8,900 SH   SOLE   8,900 0 0
Ecolab Inc. COM 278865100 5,690 26,300 SH   SOLE   26,300 0 0
Energy Select Sector SPDR Fund COM 81369Y506 1,001 26,400 SH   SOLE   26,400 0 0
EOG Resources, Inc. COM 26875P101 10,597 212,500 SH   SOLE   212,500 0 0
Exxon Mobil Corporation COM 30231G102 56,056 1,359,930 SH   SOLE   1,359,930 0 0
FMC Corporation COM 302491303 1,207 10,500 SH   SOLE   10,500 0 0
Freeport-McMoRan, Inc. COM 35671D857 6,367 244,700 SH   SOLE   244,700 0 0
Halliburton Company COM 406216101 5,622 297,470 SH   SOLE   297,470 0 0
Hess Corporation COM 42809H107 4,413 83,600 SH   SOLE   83,600 0 0
HollyFrontier Corporation COM 436106108 1,238 47,900 SH   SOLE   47,900 0 0
International Flavors & Fragrances Inc. COM 459506101 1,023 9,400 SH   SOLE   9,400 0 0
International Paper Company COM 460146103 1,636 32,900 SH   SOLE   32,900 0 0
Kinder Morgan, Inc. COM 49456B101 7,766 568,100 SH   SOLE   568,100 0 0
Linde plc COM G5494J103 17,286 65,600 SH   SOLE   65,600 0 0
LyondellBasell Industries N.V. COM N53745100 5,243 57,200 SH   SOLE   57,200 0 0
Marathon Oil Corporation COM 565849106 1,492 223,700 SH   SOLE   223,700 0 0
Marathon Petroleum Corporation COM 56585A102 8,644 208,985 SH   SOLE   208,985 0 0
Martin Marietta Materials, Inc. COM 573284106 1,363 4,800 SH   SOLE   4,800 0 0
Mosaic Company COM 61945C103 1,659 72,101 SH   SOLE   72,101 0 0
National Oilwell Varco, Inc. COM 637071101 2,042 148,700 SH   SOLE   148,700 0 0
Newmont Corporation COM 651639106 5,324 88,900 SH   SOLE   88,900 0 0
Nucor Corporation COM 670346105 1,245 23,400 SH   SOLE   23,400 0 0
Occidental Petroleum Corporation COM 674599105 4,225 244,051 SH   SOLE   244,051 0 0
Occidental Petroleum Corporation *W EXP 8/3/27 674599162 295 43,381 SH   SOLE   43,381 0 0
ONEOK, Inc. COM 682680103 4,617 120,300 SH   SOLE   120,300 0 0
Packaging Corporation of America COM 695156109 1,048 7,600 SH   SOLE   7,600 0 0
Phillips 66 COM 718546104 9,825 140,475 SH   SOLE   140,475 0 0
Pioneer Natural Resources Company COM 723787107 7,335 64,400 SH   SOLE   64,400 0 0
PPG Industries, Inc. COM 693506107 3,649 25,300 SH   SOLE   25,300 0 0
Schlumberger N.V. COM 806857108 11,129 509,800 SH   SOLE   509,800 0 0
Sealed Air Corporation COM 81211K100 609 13,300 SH   SOLE   13,300 0 0
Sherwin-Williams Company COM 824348106 8,892 12,100 SH   SOLE   12,100 0 0
Steel Dynamics, Inc. COM 858119100 1,659 45,000 SH   SOLE   45,000 0 0
TechnipFMC plc COM G87110105 1,546 164,500 SH   SOLE   164,500 0 0
Williams Companies, Inc. COM 969457100 6,971 347,700 SH   SOLE   347,700 0 0
Valero Energy Corporation COM 91913Y100 7,450 131,700 SH   SOLE   131,700 0 0
Vulcan Materials Company COM 929160109 1,468 9,900 SH   SOLE   9,900 0 0
WestRock Company COM 96145D105 966 22,200 SH   SOLE   22,200 0 0
Whiting Petroleum Corporation COM 966387508 11 476 SH   SOLE   476 0 0