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
Baker Hughes Company CL A 05722G100   20,517,570 600,280 SH   SOLE None 600,280 0 0
Boeing Co COM 097023105   37,597,077 144,238 SH   SOLE None 144,238 0 0
Canadian Pacific Kansas City COM 13646K108   25,302,046 320,036 SH   SOLE None 320,036 0 0
Caterpillar Inc COM 149123101   31,951,773 108,066 SH   SOLE None 108,066 0 0
Cisco Sys Inc COM 17275R102   24,877,444 492,428 SH   SOLE None 492,428 0 0
Coherent Corp COM 19247G107   22,733,978 522,260 SH   SOLE None 522,260 0 0
Corning Inc COM 219350105   29,456,398 967,369 SH   SOLE None 967,369 0 0
Crane Company COMMON STOCK 224408104   358,555 3,035 SH   SOLE None 3,035 0 0
Crane NXT Co COM 224441105   30,551,019 537,208 SH   SOLE None 537,208 0 0
Deere & Co COM 244199105   26,325,441 65,835 SH   SOLE None 65,835 0 0
Exxon Mobil Corp COM 30231G102   24,175,364 241,802 SH   SOLE None 241,802 0 0
Fedex Corp COM 31428X106   22,565,248 89,201 SH   SOLE None 89,201 0 0
Generac Hldgs Inc COM 368736104   23,123,750 178,921 SH   SOLE None 178,921 0 0
General Mtrs Co COM 37045V100   28,432,727 791,557 SH   SOLE None 791,557 0 0
Honeywell Intl Inc COM 438516106   283,109 1,350 SH   SOLE None 1,350 0 0
International Business Machs COM 459200101   32,954,998 201,498 SH   SOLE None 201,498 0 0
Las Vegas Sands Corp COM 517834107   15,403,509 313,016 SH   SOLE None 313,016 0 0
Newmont Corp COM 651639106   21,846,884 527,830 SH   SOLE None 527,830 0 0
Occidental Pete Corp COM 674599105   985,514 16,505 SH   SOLE None 16,505 0 0
Oracle Corp COM 68389X105   39,805,518 377,554 SH   SOLE None 377,554 0 0
Orion S.A. COM L72967109   48,672,916 1,755,244 SH   SOLE None 1,755,244 0 0
Parker-Hannifin Corp COM 701094104   35,984,816 78,109 SH   SOLE None 78,109 0 0
Popular Inc COM NEW 733174700   35,981,540 438,425 SH   SOLE None 438,425 0 0
Qualcomm Inc COM 747525103   35,721,168 246,983 SH   SOLE None 246,983 0 0
Simon PPTY Group Inc New COM 828806109   37,140,318 260,378 SH   SOLE None 260,378 0 0
Sony Group Corp SPONSORED ADR 835699307   32,563,834 343,899 SH   SOLE None 343,899 0 0
Terex Corp New COM 880779103   28,925,421 503,401 SH   SOLE None 503,401 0 0
Unitedhealth Group Inc COM 91324P102   21,421,868 40,690 SH   SOLE None 40,690 0 0
US Bancorp DEL COM NEW 902973304   26,722,933 617,443 SH   SOLE None 617,443 0 0