ACCENTURE PLC-CL A COM G1151C101 955 11900 SH SOLE 11900 0 0 AGRIUM INC COM 008916108 47259 546226 SH SOLE 546226 0 0 AMAZON.COM INC COM 023135106 2109 7600 SH SOLE 7600 0 0 AMERICAN EXPRESS CO COM 025816109 1773 23600 SH SOLE 23600 0 0 AMERICAN INTERNATIONAL GROUP COM 026874784 1228 27600 SH SOLE 27600 0 0 ANADARKO PETROLEUM CORP COM 032511107 60654 705036 SH SOLE 705036 0 0 ANGLOGOLD ASHANTI-SPON ADR COM 035128206 22169 1630100 SH SOLE 1630100 0 0 APACHE CORP COM 037411105 17148 204000 SH SOLE 204000 0 0 APPLE INC COM 037833100 3229 8200 SH SOLE 8200 0 0 ARCELORMITTAL-NY REGISTERED COM 03938L104 21025 1852400 SH SOLE 1852400 0 0 ARCHER-DANIELS-MIDLAND CO COM 039483102 33612 997100 SH SOLE 997100 0 0 AT&T INC COM 00206R102 2490 69900 SH SOLE 69900 0 0 BAKER HUGHES INC COM 057224107 32531 709200 SH SOLE 709200 0 0 BANK OF AMERICA CORP COM 060505104 1518 116700 SH SOLE 116700 0 0 BANK OF MONTREAL COM 063671101 43 700 SH SOLE 700 0 0 BARRICK GOLD CORP COM 067901108 22354 1503300 SH SOLE 1503300 0 0 BCE INC COM 05534B760 755 18000 SH SOLE 18000 0 0 BERKSHIRE HATHAWAY INC-CL B COM 084670702 1797 15900 SH SOLE 15900 0 0 BHP BILLITON PLC-ADR COM 05545E209 139838 2692818 SH SOLE 2692818 0 0 BP PLC-SPONS ADR COM 055622104 82169 1966700 SH SOLE 1966700 0 0 BUNGE LTD COM G16962105 28129 395900 SH SOLE 395900 0 0 CABOT OIL & GAS CORP COM 127097103 18368 259440 SH SOLE 259440 0 0 CAMERON INTERNATIONAL CORP COM 13342B105 39039 632300 SH SOLE 632300 0 0 CAMPBELL SOUP CO COM 134429109 130 2900 SH SOLE 2900 0 0 CANADIAN NATURAL RESOURCES COM 136385101 44394 1556030 SH SOLE 1556030 0 0 CAPITAL ONE FINANCIAL CORP COM 14040H105 1323 21100 SH SOLE 21100 0 0 CELANESE CORP-SERIES A COM 150870103 28122 618200 SH SOLE 618200 0 0 CELGENE CORP COM 151020104 1385 11700 SH SOLE 11700 0 0 CF INDUSTRIES HOLDINGS INC COM 125269100 22326 127300 SH SOLE 127300 0 0 CHEVRON CORP COM 166764100 126200 1063100 SH SOLE 1063100 0 0 CHICAGO BRIDGE & IRON CO NV COM 167250109 788 13200 SH SOLE 13200 0 0 CHINA PETROLEUM & CHEM-ADR COM 16941R108 16797 185393 SH SOLE 185393 0 0 CISCO SYSTEMS INC COM 17275R102 850 34500 SH SOLE 34500 0 0 CITIGROUP INC COM 172967424 2395 49600 SH SOLE 49600 0 0 CLIFFS NATURAL RESOURCES INC COM 18683K101 14567 896459 SH SOLE 896459 0 0 CLOROX COMPANY COM 189054109 117 1400 SH SOLE 1400 0 0 CNOOC LTD-ADR COM 126132109 19547 118352 SH SOLE 118352 0 0 COBALT INTERNATIONAL ENERGY COM 19075F106 18775 702912 SH SOLE 702912 0 0 COCA-COLA CO/THE COM 191216100 2379 59100 SH SOLE 59100 0 0 CONAGRA FOODS INC COM 205887102 137 3900 SH SOLE 3900 0 0 CONOCOPHILLIPS COM 20825C104 97 1600 SH SOLE 1600 0 0 CONSOLIDATED EDISON INC COM 209115104 946 16300 SH SOLE 16300 0 0 CVS CAREMARK CORP COM 126650100 1557 27200 SH SOLE 27200 0 0 DEVON ENERGY CORPORATION COM 25179M103 32368 618176 SH SOLE 618176 0 0 DICK'S SPORTING GOODS INC COM 253393102 858 16800 SH SOLE 16800 0 0 DR HORTON INC COM 23331A109 1489 68600 SH SOLE 68600 0 0 DRIL-QUIP INC COM 262037104 22181 248336 SH SOLE 248336 0 0 DU PONT (E.I.) 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INC. COM 58933Y105 1650 34900 SH SOLE 34900 0 0 MICHAEL KORS HOLDINGS LTD COM G60754101 1281 20900 SH SOLE 20900 0 0 MICRON TECHNOLOGY INC COM 595112103 985 68700 SH SOLE 68700 0 0 MICROSOFT CORP COM 594918104 1677 48500 SH SOLE 48500 0 0 MONSANTO CO COM 61166W101 116782 1182600 SH SOLE 1182600 0 0 MOSAIC CO/THE COM 61945C103 62303 1158048 SH SOLE 1158048 0 0 MYLAN INC COM 628530107 1063 34400 SH SOLE 34400 0 0 NATIONAL OILWELL VARCO INC COM 637071101 40001 584300 SH SOLE 584300 0 0 NEWS CORP-CL A COM 65248E104 667 20400 SH SOLE 20400 0 0 NOBLE ENERGY INC COM 655044105 32479 533500 SH SOLE 533500 0 0 NORTHEAST UTILITIES COM 664397106 129 3100 SH SOLE 3100 0 0 NUCOR CORP COM 670346105 41246 935700 SH SOLE 935700 0 0 OCCIDENTAL PETROLEUM CORP COM 674599105 46275 512400 SH SOLE 512400 0 0 OCEANEERING INTL INC COM 675232102 835 11600 SH SOLE 11600 0 0 ORACLE CORP COM 68389X105 831 27300 SH SOLE 27300 0 0 PEABODY ENERGY CORP COM 704549104 16023 1094500 SH SOLE 1094500 0 0 PETROCHINA CO LTD -ADR COM 71646E100 21714 209636 SH SOLE 209636 0 0 PETROLEO BRASILEIRO S.A.-ADR COM 71654V408 31676 2305400 SH SOLE 2305400 0 0 PETROLEO BRASILEIRO-SPON ADR COM 71654V101 488 32500 SH SOLE 0 0 32500 PFIZER INC COM 717081103 2588 91841 SH SOLE 91841 0 0 PHILLIPS 66 COM 718546104 14284 241200 SH SOLE 241200 0 0 POSCO-ADR COM 693483109 16012 249800 SH SOLE 249800 0 0 POTASH CORP OF SASKATCHEWAN COM 73755L107 127432 3287712 SH SOLE 3287712 0 0 PROCTER & GAMBLE CO/THE COM 742718109 2430 31288 SH SOLE 31288 0 0 PVH CORP COM 693656100 1175 9400 SH SOLE 9400 0 0 QUALCOMM INC COM 747525103 1875 30700 SH SOLE 30700 0 0 RANDGOLD RESOURCES LTD-ADR COM 752344309 26796 431922 SH SOLE 431922 0 0 RIO TINTO PLC-SPON ADR COM 767204100 94371 2277847 SH SOLE 2277847 0 0 ROGERS COMMUNICATIONS INC-B COM 775109200 121 3000 SH SOLE 3000 0 0 ROYAL DUTCH SHELL PLC-ADR COM 780259206 146125 2271491 SH SOLE 2271491 0 0 SANDISK CORP COM 80004C101 472 7800 SH SOLE 7800 0 0 SCHLUMBERGER LTD COM 806857108 60902 846684 SH SOLE 846684 0 0 SEAGATE TECHNOLOGY COM G7945M107 130 2900 SH SOLE 2900 0 0 SM ENERGY CO COM 78454L100 27396 457280 SH SOLE 457280 0 0 SOUTHERN CO/THE COM 842587107 31 700 SH SOLE 700 0 0 SOUTHWESTERN ENERGY CO COM 845467109 39785 1094500 SH SOLE 1094500 0 0 SUPERIOR ENERGY SERVICES INC COM 868157108 21814 825661 SH SOLE 825661 0 0 SYNGENTA AG-ADR COM 87160A100 67811 865927 SH SOLE 865927 0 0 SYSCO CORP COM 871829107 62 1800 SH SOLE 1800 0 0 TECK RESOURCES LTD-CLS B COM 878742204 38965 1831924 SH SOLE 1831924 0 0 TIDEWATER INC COM 886423102 33363 584290 SH SOLE 584290 0 0 TORONTO-DOMINION BANK COM 891160509 227 2700 SH SOLE 2700 0 0 TOTAL SA-SPON ADR COM 89151E109 104375 2152958 SH SOLE 2152958 0 0 TRANSCANADA CORP COM 89353D107 149 3300 SH SOLE 3300 0 0 UNION PACIFIC CORP COM 907818108 1864 12000 SH SOLE 12000 0 0 UNITED PARCEL SERVICE-CL B COM 911312106 1820 20900 SH SOLE 20900 0 0 UNITEDHEALTH GROUP INC COM 91324P102 1057 16000 SH SOLE 16000 0 0 VALE SA-SP ADR COM 91912E105 32243 2455700 SH SOLE 2455700 0 0 VALE SA-SP PREF ADR COM 91912E204 391 32100 SH SOLE 0 0 32100 VALERO ENERGY CORP COM 91913Y100 14211 406149 SH SOLE 406149 0 0 VERIZON COMMUNICATIONS INC COM 92343V104 979 19200 SH SOLE 19200 0 0 VISA INC-CLASS A SHARES COM 92826C839 2045 11100 SH SOLE 11100 0 0 WAL-MART STORES INC COM 931142103 2051 27249 SH SOLE 27249 0 0 WALT DISNEY CO/THE COM 254687106 1969 30900 SH SOLE 30900 0 0 WEATHERFORD INTL LTD COM H27013103 22334 1638600 SH SOLE 1638600 0 0 WELLS FARGO & CO COM 949746101 2531 60900 SH SOLE 60900 0 0 WEYERHAEUSER CO COM 962166104 50355 1785643 SH SOLE 1785643 0 0 WHITING PETROLEUM CORP COM 966387102 14856 332424 SH SOLE 332424 0 0 WILLIAMS COS INC COM 969457100 36 1100 SH SOLE 1100 0 0