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 (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
ABERCROMBIE & FITCH CO CL A 002896207 3,027 123,661 SH   SOLE   123,661 0 0
APPLE INC COM 037833100 3,257 17,594 SH   SOLE   17,594 0 0
AT HOME GROUP INC COM 04650Y100 12,652 323,168 SH   SOLE   323,168 0 0
B2GOLD CORP COM 11777Q209 25,170 9,702,561 SH   SOLE   9,702,561 0 0
BALL CORP COM 058498106 20,990 590,433 SH   SOLE   590,433 0 0
BELMOND LTD CL A G1154H107 12,144 1,089,107 SH   SOLE   1,089,107 0 0
BOEING CO COM 097023105 32,039 95,492 SH   SOLE   95,492 0 0
BOOKING HLDGS INC COM 09857L108 2,045 1,009 SH   SOLE   1,009 0 0
BRUNSWICK CORP COM 117043109 71,863 1,114,499 SH   SOLE   1,114,499 0 0
BUILDERS FIRSTSOURCE INC COM 12008R107 13,034 712,616 SH   SOLE   712,616 0 0
CAMPING WORLD HLDGS INC CL A 13462K109 582 23,300 SH   SOLE   23,300 0 0
CARNIVAL CORP UNIT 99/99/9999 143658300 20,842 363,674 SH   SOLE   363,674 0 0
CATERPILLAR INC DEL COM 149123101 20,102 148,166 SH   OTR 1 148,166 0 0
CATERPILLAR INC DEL COM 149123101 164,627 1,213,438 SH   SOLE   1,213,438 0 0
CBS CORP NEW CL B 124857202 3,491 62,093 SH   SOLE   62,093 0 0
CONSTELLATION BRANDS INC CL A 21036P108 4,534 20,717 SH   SOLE   20,717 0 0
D R HORTON INC COM 23331A109 25,873 631,049 SH   SOLE   631,049 0 0
DOWDUPONT INC COM 26078J100 969 14,700 SH   SOLE   14,700 0 0
GAP INC DEL COM 364760108 33,956 1,048,341 SH   SOLE   1,048,341 0 0
GREENBRIER COS INC COM 393657101 7,385 140,000 SH   SOLE   140,000 0 0
HALLIBURTON CO COM 406216101 8,605 190,961 SH   SOLE   190,961 0 0
HARLEY DAVIDSON INC COM 412822108 31,133 739,849 SH   SOLE   739,849 0 0
HARLEY DAVIDSON INC COM 412822108 10,289 244,500 SH Call SOLE   244,500 0 0
HESS CORP COM 42809H107 158,269 2,366,106 SH   SOLE   2,366,106 0 0
HUDSON LTD COM CL A G46408103 2,245 128,353 SH   SOLE   128,353 0 0
KNIGHT SWIFT TRANSN HLDGS IN CL A 499049104 96,888 2,535,679 SH   SOLE   2,535,679 0 0
KRATOS DEFENSE & SEC SOLUTIO COM NEW 50077B207 5,638 489,826 SH   SOLE   489,826 0 0
LULULEMON ATHLETICA INC COM 550021109 885 7,089 SH   SOLE   7,089 0 0
MACYS INC COM 55616P104 48,226 1,288,421 SH   SOLE   1,288,421 0 0
MARINEMAX INC COM 567908108 20,774 1,096,246 SH   SOLE   1,096,246 0 0
MARRIOTT INTL INC NEW CL A 571903202 14,126 111,580 SH   SOLE   111,580 0 0
MICROSOFT CORP COM 594918104 6,001 60,854 SH   SOLE   60,854 0 0
MONSTER BEVERAGE CORP NEW COM 61174X109 11,213 195,689 SH   SOLE   195,689 0 0
MOSAIC CO NEW COM 61945C103 1,792 63,877 SH   SOLE   63,877 0 0
NAVISTAR INTL CORP NEW COM 63934E108 31,624 776,633 SH   SOLE   776,633 0 0
NETAPP INC COM 64110D104 34,270 436,390 SH   SOLE   436,390 0 0
NEWFIELD EXPL CO COM 651290108 66,783 2,207,719 SH   SOLE   2,207,719 0 0
NORDSTROM INC COM 655664100 24,508 473,312 SH   SOLE   473,312 0 0
NORFOLK SOUTHERN CORP COM 655844108 88,079 583,805 SH   SOLE   583,805 0 0
NORWEGIAN CRUISE LINE HLDG L SHS G66721104 3,034 64,219 SH   SOLE   64,219 0 0
NUTANIX INC CL A 67059N108 19,267 373,612 SH   SOLE   373,612 0 0
NUTRIEN LTD COM 67077M108 15,566 286,100 SH   SOLE   286,100 0 0
NVR INC COM 62944T105 170,471 57,391 SH   SOLE   57,391 0 0
PENNEY J C INC COM 708160106 24,811 10,602,988 SH   SOLE   10,602,988 0 0
RIO TINTO PLC SPONSORED ADR 767204100 18,083 325,933 SH   OTR 1 325,933 0 0
RIO TINTO PLC SPONSORED ADR 767204100 118,426 2,134,568 SH   SOLE   2,134,568 0 0
ROYAL CARIBBEAN CRUISES LTD COM V7780T103 3,998 38,587 SH   SOLE   38,587 0 0
SEAWORLD ENTMT INC COM 81282V100 8,711 399,222 SH   SOLE   399,222 0 0
SIMPLY GOOD FOODS CO COM 82900L102 5,793 401,169 SH   SOLE   401,169 0 0
SOUTHERN COPPER CORP COM 84265V105 72,749 1,552,147 SH   SOLE   1,552,147 0 0
SOUTHWEST AIRLS CO COM 844741108 1,510 29,687 SH   SOLE   29,687 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 10,027 36,960 SH   SOLE   36,960 0 0
STAR BULK CARRIERS CORP SHS PAR Y8162K204 53,553 4,164,320 SH   SOLE   4,164,320 0 0
SUMMIT MATLS INC CL A 86614U100 6,002 228,631 SH   SOLE   228,631 0 0
TAILORED BRANDS INC COM 87403A107 17,554 687,852 SH   SOLE   687,852 0 0
TAKE-TWO INTERACTIVE SOFTWAR COM 874054109 68,366 577,610 SH   SOLE   577,610 0 0
TASEKO MINES LTD COM 876511106 2,268 2,100,000 SH   SOLE   2,100,000 0 0
TECK RESOURCES LTD CL B 878742204 16,326 640,844 SH   OTR 1 640,844 0 0
TECK RESOURCES LTD CL B 878742204 314,559 12,347,076 SH   SOLE   12,347,076 0 0
THOR INDS INC COM 885160101 672 6,900 SH   SOLE   6,900 0 0
UNIFI INC COM NEW 904677200 46,661 1,471,943 SH   SOLE   1,471,943 0 0
UNION PAC CORP COM 907818108 3,887 27,437 SH   SOLE   27,437 0 0
WARRIOR MET COAL INC COM 93627C101 34,074 1,235,924 SH   SOLE   1,235,924 0 0