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
ALASKA AIR GROUP INC COM 011659109   1,172,100 30,000 SH   SOLE   0 0 0
ALCOA CORP COM 013872106   2,311,286 67,979 SH   SOLE   0 0 0
ARCBEST CORP COM 03937C105   1,803,150 15,000 SH   SOLE   0 0 0
ARCH RESOURCES INC CL A CL A 03940R107   2,738,010 16,500 SH   SOLE   0 0 0
BRP INC COM SUN VTG COM SUN VTG 05577W200   579,564 8,100 SH   SOLE   0 0 0
BUCKLE INC COM 118440106   9,296,813 195,640 SH   SOLE   0 0 0
CENTURY ALUM CO COM 156431108   1,517,500 125,000 SH   SOLE   0 0 0
CINEMARK HLDGS INC COM 17243V102   15,921,700 1,130,000 SH   SOLE   0 0 0
DIREXION SHS ETF TR OIL GAS BL 2X SH OIL GAS BL 2X SH 25460G500   2,452,500 75,000 SH   SOLE   0 0 0
ERO COPPER CORP COM 296006109   33,331,485 2,150,870 SH   SOLE   0 0 0
FREEPORT-MCMORAN INC CL B CL B 35671D857   1,702,800 40,000 SH   SOLE   0 0 0
LIBERTY ENERGY INC COM CL A COM CL A 53115L104   3,809,400 210,000 SH   SOLE   0 0 0
VICTORIAS SECRET AND CO COMMON STOCK COMMON STOCK 926400102   7,563,900 285,000 SH   SOLE   0 0 0
WEST FRASER TIMBER CO LTD COM 952845105   1,283,122 15,000 SH   SOLE   0 0 0
VALE S A SPONSORED ADS SPONSORED ADS 91912E105   6,978,400 440,000 SH   SOLE   0 0 0