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 16,330 433,966 SH   SOLE   433,966 0 0
ADIENT PLC ORD SHS G0084W101 11,424 275,602 SH   SOLE   275,602 0 0
AERCAP HOLDINGS NV SHS N00985106 17,426 301,439 SH   SOLE   301,439 0 0
ALASKA AIR GROUP INC COM 011659109 27,640 471,664 SH   SOLE   471,664 0 0
ALCOA CORP COM 013872106 52,755 1,077,956 SH   SOLE   1,077,956 0 0
ALPHABET INC CAP STK CL A 02079K305 17,840 6,673 SH   SOLE   6,673 0 0
ARCELORMITTAL SA LUXEMBOURG NY REGISTRY SH 03938L203 16,207 537,362 SH   SOLE   537,362 0 0
ARCH RESOURCES INC CL A 03940R107 1,855 20,000 SH   SOLE   20,000 0 0
BARCLAYS PLC ADR 06738E204 5,616 544,200 SH Call SOLE   544,200 0 0
BIONTECH SE SPONSORED ADS 09075V102 599 2,193 SH   SOLE   2,193 0 0
BRP INC COM SUN VTG 05577W200 13,127 142,057 SH   SOLE   142,057 0 0
BRUNSWICK CORP COM 117043109 50,612 531,249 SH   SOLE   531,249 0 0
CENTURY ALUM CO COM 156431108 23,633 1,757,089 SH   SOLE   1,757,089 0 0
CINEMARK HLDGS INC COM 17243V102 24,014 1,250,067 SH   SOLE   1,250,067 0 0
DANAOS CORPORATION SHS Y1968P121 78,446 957,824 SH   SOLE   957,824 0 0
DEVON ENERGY CORP NEW COM 25179M103 82,492 2,323,057 SH   SOLE   2,323,057 0 0
DHT HOLDINGS INC SHS NEW Y2065G121 17,984 2,754,026 SH   SOLE   2,754,026 0 0
DIREXION SHS ETF TR OIL GAS BL 2X SH 25460G500 11,124 120,818 SH   SOLE   120,818 0 0
ERO COPPER CORP COM 296006109 15,953 901,155 SH   SOLE   901,155 0 0
FREEPORT-MCMORAN INC CL B 35671D857 20,605 633,427 SH   SOLE   633,427 0 0
GOLAR LNG LTD SHS G9456A100 6,119 471,765 SH   SOLE   471,765 0 0
HARLEY DAVIDSON INC COM 412822108 113,527 3,100,976 SH   SOLE   3,100,976 0 0
HARLEY DAVIDSON INC COM 412822108 16,826 459,600 SH Call SOLE   459,600 0 0
HERC HLDGS INC COM 42704L104 2,604 15,928 SH   SOLE   15,928 0 0
HESS CORP COM 42809H107 37,802 483,959 SH   SOLE   483,959 0 0
HILTON GRAND VACATIONS INC COM 43283X105 30,920 649,998 SH   SOLE   649,998 0 0
KB HOME COM 48666K109 11,729 301,355 SH   SOLE   301,355 0 0
LITHIA MTRS INC COM 536797103 26,742 84,349 SH   SOLE   84,349 0 0
LOUISIANA PAC CORP COM 546347105 57,835 942,393 SH   SOLE   942,393 0 0
LYONDELLBASELL INDUSTRIES N SHS - A - N53745100 11,639 124,016 SH   SOLE   124,016 0 0
MASONITE INTL CORP COM 575385109 8,092 76,243 SH   SOLE   76,243 0 0
MODERNA INC COM 60770K107 2,110 5,483 SH   SOLE   5,483 0 0
NVR INC COM 62944T105 64,150 13,381 SH   SOLE   13,381 0 0
OLIN CORP COM PAR $1 680665205 31,435 651,508 SH   SOLE   651,508 0 0
REGENERON PHARMACEUTICALS COM 75886F107 4,634 7,658 SH   SOLE   7,658 0 0
RIO TINTO PLC SPONSORED ADR 767204100 67,188 1,005,513 SH   SOLE   1,005,513 0 0
RIO TINTO PLC SPONSORED ADR 767204100 38,709 579,300 SH Call SOLE   579,300 0 0
SCHLUMBERGER LTD COM STK 806857108 21,552 727,120 SH   SOLE   727,120 0 0
SONY GROUP CORPORATION SPONSORED ADR 835699307 9,716 87,862 SH   SOLE   87,862 0 0
SPIRIT AEROSYSTEMS HLDGS INC COM CL A 848574109 1,698 38,417 SH   SOLE   38,417 0 0
STAR BULK CARRIERS CORP. SHS PAR Y8162K204 38,639 1,607,300 SH   SOLE   1,607,300 0 0
STELLANTIS N.V SHS N82405106 7,293 381,836 SH   SOLE   381,836 0 0
TECK RESOURCES LTD CL B 878742204 54,922 2,204,820 SH   SOLE   2,204,820 0 0
TECK COMINCO LTD A SHARES CL A 878742303 7,107 260,139 SH   SOLE   260,139 0 0
TFI INTL INC COM 87241L109 18,472 180,784 SH   SOLE   180,784 0 0
THOR INDS INC COM 885160101 6,565 53,475 SH   SOLE   53,475 0 0
TRAEGER INC COMMON STOCK 89269P103 3,445 164,585 SH   SOLE   164,585 0 0
TRONOX HOLDINGS PLC SHS G9087Q102 31,975 1,297,160 SH   SOLE   1,297,160 0 0
UNIFI INC COM NEW 904677200 32,659 1,489,240 SH   SOLE   1,489,240 0 0
VALE S A SPONSORED ADS 91912E105 2,790 200,000 SH   SOLE   200,000 0 0
WEST FRASER TIMBER CO LTD COM 952845105 91,079 1,083,164 SH   SOLE   1,083,164 0 0
WILLIAMS ROWLAND ACQUISITION UNIT 99/99/9999 96951B201 7,981 786,311 SH   SOLE   786,311 0 0
ZIM INTEGRATED SHIPPING SERV SHS M9T951109 34,026 671,128 SH   SOLE   671,128 0 0