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
3M CO COM 88579Y101 526 3,700 SH   SOLE   0 0 3,700
ABBOTT LABORATORIES COM 002824100 381 9,100 SH   SOLE   0 0 9,100
ABBVIE INC COM 00287Y109 1,276 21,800 SH   SOLE   12,700 0 9,100
AGRIUM INC COM 008916108 35,112 392,226 SH   SOLE   392,226 0 0
ALCOA INC COM 013817101 4,170 261,800 SH   SOLE   261,800 0 0
ALTRIA GROUP INC COM 02209S103 783 17,000 SH   SOLE   17,000 0 0
AMAZON.COM INC COM 023135106 740 2,300 SH   SOLE   0 0 2,300
AMERICAN EXPRESS CO COM 025816109 536 6,100 SH   SOLE   0 0 6,100
AMERICAN INTERNATIONAL GROUP COM 026874784 433 8,000 SH   SOLE   0 0 8,000
AMGEN INC COM 031162100 588 4,200 SH   SOLE   0 0 4,200
ANADARKO PETROLEUM CORP COM 032511107 27,296 261,836 SH   SOLE   261,836 0 0
ANGLOGOLD ASHANTI-SPON ADR COM 035128206 9,454 776,800 SH   SOLE   776,800 0 0
APPLE INC COM 037833100 3,684 36,800 SH   SOLE   1,800 0 35,000
ARCELORMITTAL-NY REGISTERED COM 03938L104 8,290 602,500 SH   SOLE   602,500 0 0
ARCHER-DANIELS-MIDLAND CO COM 039483102 53,679 1,046,387 SH   SOLE   1,007,687 0 38,700
AT&T INC COM 00206R102 1,290 36,700 SH   SOLE   9,200 0 27,500
AXIALL CORP COM 05463D100 12,444 331,742 SH   SOLE   331,742 0 0
BAKER HUGHES INC COM 057224107 20,569 310,900 SH   SOLE   310,900 0 0
BANCO BRADESCO-ADR COM 059460303 332 22,800 SH   SOLE   0 0 22,800
BANK OF AMERICA CORP COM 060505104 1,014 59,600 SH   SOLE   0 0 59,600
BANK OF NOVA SCOTIA COM 064149107 464 6,700 SH   SOLE   0 0 6,700
BARRICK GOLD CORP COM 067901108 13,206 880,400 SH   SOLE   880,400 0 0
BERKSHIRE HATHAWAY INC-CL B COM 084670702 858 6,200 SH   SOLE   0 0 6,200
BHP BILLITON PLC-ADR COM 05545E209 79,722 1,426,918 SH   SOLE   1,426,918 0 0
BIOGEN IDEC INC COM 09062X103 429 1,300 SH   SOLE   0 0 1,300
BP PLC-SPONS ADR COM 055622104 46,322 1,040,000 SH   SOLE   1,040,000 0 0
BRISTOL-MYERS SQUIBB CO COM 110122108 1,194 23,100 SH   SOLE   13,700 0 9,400
CABOT OIL & GAS CORP COM 127097103 15,669 474,680 SH   SOLE   474,680 0 0
CAMERON INTERNATIONAL CORP COM 13342B105 19,585 291,100 SH   SOLE   291,100 0 0
CANADIAN NATURAL RESOURCES COM 136385101 12,219 308,830 SH   SOLE   302,530 0 6,300
CAPITAL ONE FINANCIAL CORP COM 14040H105 278 3,400 SH   SOLE   0 0 3,400
CATERPILLAR INC COM 149123101 399 4,000 SH   SOLE   0 0 4,000
CELANESE CORP-SERIES A COM 150870103 8,353 139,700 SH   SOLE   139,700 0 0
CELGENE CORP COM 151020104 440 4,600 SH   SOLE   0 0 4,600
CENTERPOINT ENERGY INC COM 15189T107 545 22,300 SH   SOLE   22,300 0 0
CF INDUSTRIES HOLDINGS INC COM 125269100 11,201 40,200 SH   SOLE   40,200 0 0
CHEVRON CORP COM 166764100 57,543 477,336 SH   SOLE   466,939 0 10,400
CHINA PETROLEUM & CHEM-ADR COM 16941R108 7,847 89,890 SH   SOLE   89,890 0 0
CISCO SYSTEMS INC COM 17275R102 1,148 45,700 SH   SOLE   18,800 0 26,900
CITIGROUP INC COM 172967424 885 17,000 SH   SOLE   0 0 17,000
CLIFFS NATURAL RESOURCES INC COM 18683K101 4,732 458,059 SH   SOLE   458,059 0 0
CNOOC LTD-ADR COM 126132109 9,709 55,752 SH   SOLE   55,752 0 0
COBALT INTERNATIONAL ENERGY COM 19075F106 10,042 709,712 SH   SOLE   709,712 0 0
COCA-COLA CO/THE COM 191216100 904 21,400 SH   SOLE   0 0 21,400
COGNIZANT TECH SOLUTIONS-A COM 192446102 1,974 44,500 SH   SOLE   0 0 44,500
COLGATE-PALMOLIVE CO COM 194162103 341 5,200 SH   SOLE   0 0 5,200
COMCAST CORP-CLASS A COM 20030N101 655 12,100 SH   SOLE   0 0 12,100
CONCHO RESOURCES INC COM 20605P101 18,054 138,800 SH   SOLE   138,800 0 0
CONOCOPHILLIPS COM 20825C104 1,433 18,400 SH   SOLE   11,800 0 6,600
CONSOLIDATED EDISON INC COM 209115104 254 4,500 SH   SOLE   4,500 0 0
COSTCO WHOLESALE CORP COM 22160K105 338 2,700 SH   SOLE   0 0 2,700
CVS HEALTH CORP COM 126650100 552 6,900 SH   SOLE   0 0 6,900
DELTA AIR LINES INC COM 247361702 1,948 54,100 SH   SOLE   0 0 54,100
DOMINION RESOURCES INC/VA COM 25746U109 240 3,500 SH   SOLE   0 0 3,500
DOW CHEMICAL CO/THE COM 260543103 20,492 383,600 SH   SOLE   376,600 0 7,000
DRIL-QUIP INC COM 262037104 10,011 110,136 SH   SOLE   110,136 0 0
DU PONT (E.I.) DE NEMOURS COM 263534109 771 10,700 SH   SOLE   5,300 0 5,400
DUKE ENERGY CORP COM 26441C204 389 5,249 SH   SOLE   949 0 4,300
EBAY INC COM 278642103 332 6,300 SH   SOLE   0 0 6,300
ELDORADO GOLD CORP COM 284902103 15,390 2,249,936 SH   SOLE   2,249,936 0 0
ELI LILLY & CO COM 532457108 287 4,400 SH   SOLE   4,400 0 0
EMC CORP/MA COM 268648102 303 10,500 SH   SOLE   0 0 10,500
ENCANA CORP COM 292505104 8,029 371,900 SH   SOLE   371,900 0 0
EOG RESOURCES INC COM 26875P101 326 3,200 SH   SOLE   0 0 3,200
EQT CORP COM 26884L109 14,628 157,564 SH   SOLE   157,564 0 0
ESTEE LAUDER COMPANIES-CL A COM 518439104 2,002 26,800 SH   SOLE   0 0 26,800
EXPRESS SCRIPTS HOLDING CO COM 30219G108 343 4,800 SH   SOLE   0 0 4,800
EXXON MOBIL CORP COM 30231G102 80,603 853,572 SH   SOLE   830,300 0 23,272
FACEBOOK INC-A COM 30303M102 782 9,900 SH   SOLE   0 0 9,900
FEDEX CORP COM 31428X106 292 1,800 SH   SOLE   0 0 1,800
FLUOR CORP COM 343412102 1,765 26,200 SH   SOLE   0 0 26,200
FMC TECHNOLOGIES INC COM 30249U101 14,476 267,032 SH   SOLE   267,032 0 0
FORD MOTOR CO COM 345370860 302 20,000 SH   SOLE   0 0 20,000
FREEPORT-MCMORAN INC COM 35671D857 58,489 1,805,200 SH   SOLE   1,805,200 0 0
GARMIN LTD COM H2906T109 296 5,700 SH   SOLE   5,700 0 0
GENERAL ELECTRIC CO COM 369604103 1,431 56,300 SH   SOLE   0 0 56,300
GENWORTH FINANCIAL INC-CL A COM 37247D106 1,497 112,900 SH   SOLE   0 0 112,900
GERDAU SA -SPON ADR COM 373737105 5,581 1,148,300 SH   SOLE   1,057,100 0 91,200
GILEAD SCIENCES INC COM 375558103 1,161 10,800 SH   SOLE   0 0 10,800
GOLDCORP INC COM 380956409 26,522 1,134,863 SH   SOLE   1,134,863 0 0
GOLDMAN SACHS GROUP INC COM 38141G104 2,427 13,200 SH   SOLE   0 0 13,200
GOODYEAR TIRE & RUBBER CO COM 382550101 1,664 72,500 SH   SOLE   0 0 72,500
GOOGLE INC-CL A COM 38259P508 940 1,600 SH   SOLE   0 0 1,600
GOOGLE INC-CL C COM 38259P706 922 1,600 SH   SOLE   0 0 1,600
H.B. FULLER CO. COM 359694106 3,580 88,760 SH   SOLE   88,760 0 0
HALLIBURTON CO COM 406216101 25,575 389,800 SH   SOLE   356,800 0 33,000
HCA HOLDINGS INC COM 40412C101 373 5,200 SH   SOLE   0 0 5,200
HESS CORP COM 42809H107 15,458 160,670 SH   SOLE   160,670 0 0
HEWLETT-PACKARD CO COM 428236103 395 11,300 SH   SOLE   0 0 11,300
HOLLYFRONTIER CORP COM 436106108 12,992 294,200 SH   SOLE   294,200 0 0
HOME DEPOT INC COM 437076102 724 7,800 SH   SOLE   0 0 7,800
HUNTINGTON BANCSHARES INC COM 446150104 2,002 204,500 SH   SOLE   0 0 204,500
INTEL CORP COM 458140100 1,288 36,900 SH   SOLE   12,300 0 24,600
INTERNATIONAL PAPER CO COM 460146103 39,008 814,700 SH   SOLE   814,700 0 0
INTL BUSINESS MACHINES CORP COM 459200101 1,024 5,400 SH   SOLE   0 0 5,400
JOHNSON & JOHNSON COM 478160104 3,314 31,100 SH   SOLE   15,400 0 15,700
JPMORGAN CHASE & CO COM 46625H100 3,176 52,649 SH   SOLE   0 0 52,649
KIMBERLY-CLARK CORP COM 494368103 486 4,500 SH   SOLE   4,500 0 0
LOCKHEED MARTIN CORP COM 539830109 580 3,200 SH   SOLE   3,200 0 0
LORILLARD INC COM 544147101 459 7,600 SH   SOLE   7,600 0 0
LOWE'S COS INC COM 548661107 357 6,700 SH   SOLE   0 0 6,700
LYONDELLBASELL INDU-CL A COM N53745100 16,961 149,700 SH   SOLE   147,100 0 2,600
MARATHON OIL CORP COM 565849106 19,126 495,480 SH   SOLE   495,480 0 0
MARTIN MARIETTA MATERIALS COM 573284106 12,113 93,400 SH   SOLE   93,400 0 0
MASTERCARD INC-CLASS A COM 57636Q104 417 5,600 SH   SOLE   0 0 5,600
MCDONALD'S CORP COM 580135101 558 5,800 SH   SOLE   0 0 5,800
MEDTRONIC INC COM 585055106 369 5,900 SH   SOLE   0 0 5,900
MERCK & CO. INC. COM 58933Y105 2,448 41,200 SH   SOLE   25,100 0 16,100
METLIFE INC COM 59156R108 2,054 38,100 SH   SOLE   0 0 38,100
MICRON TECHNOLOGY INC COM 595112103 2,353 68,200 SH   SOLE   0 0 68,200
MICROSOFT CORP COM 594918104 2,192 47,200 SH   SOLE   1,800 0 45,400
MONDELEZ INTERNATIONAL INC-A COM 609207105 328 9,600 SH   SOLE   0 0 9,600
MONSANTO CO COM 61166W101 58,994 522,400 SH   SOLE   519,500 0 2,900
MORGAN STANLEY COM 617446448 321 9,300 SH   SOLE   0 0 9,300
MOSAIC CO/THE COM 61945C103 37,314 821,529 SH   SOLE   783,429 0 38,100
NIKE INC -CL B COM 654106103 356 4,000 SH   SOLE   0 0 4,000
NUCOR CORP COM 670346105 26,183 479,900 SH   SOLE   479,900 0 0
OASIS PETROLEUM INC COM 674215108 18,884 444,950 SH   SOLE   444,950 0 0
OCCIDENTAL PETROLEUM CORP COM 674599105 21,857 224,800 SH   SOLE   220,100 0 4,700
OCEANEERING INTL INC COM 675232102 16,376 250,400 SH   SOLE   250,400 0 0
ORACLE CORP COM 68389X105 769 20,000 SH   SOLE   0 0 20,000
PEABODY ENERGY CORP COM 704549104 11,063 919,600 SH   SOLE   919,600 0 0
PEPSICO INC COM 713448108 829 8,900 SH   SOLE   0 0 8,900
PETROCHINA CO LTD -ADR COM 71646E100 12,535 97,036 SH   SOLE   97,036 0 0
PETROLEO BRASILEIRO S.A.-ADR COM 71654V408 16,139 1,097,900 SH   SOLE   1,097,900 0 0
PETROLEO BRASIL-SP PREF ADR COM 71654V101 266 17,300 SH   SOLE   0 0 17,300
PFIZER INC COM 717081103 1,156 38,841 SH   SOLE   3,800 0 35,041
PHILLIPS 66 COM 718546104 9,869 120,700 SH   SOLE   117,100 0 3,600
POSCO-ADR COM 693483109 8,890 118,500 SH   SOLE   118,500 0 0
POTASH CORP OF SASKATCHEWAN COM 73755L107 53,084 1,515,115 SH   SOLE   1,515,115 0 0
PRICELINE GROUP INC/THE COM 741503403 348 300 SH   SOLE   0 0 300
PROCTER & GAMBLE CO/THE COM 742718109 1,249 14,788 SH   SOLE   0 0 14,788
QUALCOMM INC COM 747525103 741 9,900 SH   SOLE   0 0 9,900
RANDGOLD RESOURCES LTD-ADR COM 752344309 15,076 221,222 SH   SOLE   221,222 0 0
RANGE RESOURCES CORP COM 75281A109 1,820 26,500 SH   SOLE   0 0 26,500
RAYTHEON COMPANY COM 755111507 444 4,400 SH   SOLE   4,400 0 0
REYNOLDS AMERICAN INC COM 761713106 440 7,500 SH   SOLE   7,500 0 0
RF MICRO DEVICES INC COM 749941100 2,016 171,600 SH   SOLE   0 0 171,600
RIO TINTO PLC-SPON ADR COM 767204100 55,721 1,128,647 SH   SOLE   1,128,647 0 0
ROWAN COMPANIES PLC-A COM G7665A101 7,662 300,600 SH   SOLE   300,600 0 0
ROYAL BANK OF CANADA COM 780087102 946 11,900 SH   SOLE   3,300 0 8,600
ROYAL DUTCH SHELL-SPON ADR-A COM 780259206 45,178 589,405 SH   SOLE   589,405 0 0
SCHLUMBERGER LTD COM 806857108 33,079 320,284 SH   SOLE   295,284 0 25,000
SIMON PROPERTY GROUP INC COM 828806109 280 1,700 SH   SOLE   0 0 1,700
SKYWORKS SOLUTIONS INC COM 83088M102 1,141 19,500 SH   SOLE   0 0 19,500
SM ENERGY CO COM 78454L100 11,938 148,007 SH   SOLE   148,007 0 0
SOUTHERN COPPER CORP COM 84265V105 19,523 654,043 SH   SOLE   654,043 0 0
SOUTHWESTERN ENERGY CO COM 845467109 11,528 322,100 SH   SOLE   272,900 0 49,200
SPDR S&P 500 ETF TRUST COM 78462F103 632 3,200 SH   SOLE   0 0 3,200
SPECTRA ENERGY CORP COM 847560109 314 8,000 SH   SOLE   8,000 0 0
STARBUCKS CORP COM 855244109 324 4,300 SH   SOLE   0 0 4,300
SUNCOR ENERGY INC COM 867224107 378 9,400 SH   SOLE   0 0 9,400
SUPERIOR ENERGY SERVICES INC COM 868157108 16,025 478,792 SH   SOLE   478,792 0 0
SWIFT TRANSPORTATION CO COM 87074U101 1,485 70,800 SH   SOLE   0 0 70,800
SYNGENTA AG-ADR COM 87160A100 22,929 357,823 SH   SOLE   357,823 0 0
SYNOPSYS INC COM 871607107 1,869 46,800 SH   SOLE   0 0 46,800
TECK RESOURCES LTD-CLS B COM 878742204 22,131 1,170,311 SH   SOLE   1,170,311 0 0
TEXAS INSTRUMENTS INC COM 882508104 328 6,800 SH   SOLE   0 0 6,800
THERMO FISHER SCIENTIFIC INC COM 883556102 1,427 11,700 SH   SOLE   0 0 11,700
TIME WARNER INC COM 887317303 408 5,400 SH   SOLE   0 0 5,400
TORONTO-DOMINION BANK COM 891160509 1,471 26,800 SH   SOLE   15,800 0 11,000
TOTAL SA-SPON ADR COM 89151E109 48,804 763,517 SH   SOLE   763,517 0 0
TRINITY INDUSTRIES INC COM 896522109 1,173 24,800 SH   SOLE   0 0 24,800
TWENTY-FIRST CENTURY FOX-A COM 90130A101 297 8,700 SH   SOLE   0 0 8,700
UNION PACIFIC CORP COM 907818108 564 5,200 SH   SOLE   0 0 5,200
UNITED PARCEL SERVICE-CL B COM 911312106 428 4,400 SH   SOLE   0 0 4,400
UNITED RENTALS INC COM 911363109 293 2,600 SH   SOLE   0 0 2,600
UNITEDHEALTH GROUP INC COM 91324P102 519 6,000 SH   SOLE   0 0 6,000
URBAN OUTFITTERS INC COM 917047102 1,981 53,600 SH   SOLE   0 0 53,600
US BANCORP COM 902973304 442 10,600 SH   SOLE   0 0 10,600
VALE SA-SP ADR COM 91912E105 16,883 1,553,200 SH   SOLE   1,553,200 0 0
VALERO ENERGY CORP COM 91913Y100 1,824 39,000 SH   SOLE   0 0 39,000
VERIZON COMMUNICATIONS INC COM 92343V104 1,124 22,600 SH   SOLE   0 0 22,600
VERMILION ENERGY INC COM 923725105 384 5,700 SH   SOLE   5,700 0 0
VISA INC-CLASS A SHARES COM 92826C839 2,447 11,600 SH   SOLE   0 0 11,600
WALGREEN CO COM 931422109 322 5,400 SH   SOLE   0 0 5,400
WAL-MART STORES INC COM 931142103 726 9,549 SH   SOLE   0 0 9,549
WALT DISNEY CO/THE COM 254687106 826 9,300 SH   SOLE   0 0 9,300
WEATHERFORD INTERNATIONAL PL COM H27013103 11,384 536,200 SH   SOLE   536,200 0 0
WELLS FARGO & CO COM 949746101 1,432 27,700 SH   SOLE   0 0 27,700
WEYERHAEUSER CO COM 962166104 25,837 801,143 SH   SOLE   801,143 0 0
WISCONSIN ENERGY CORP COM 976657106 360 8,400 SH   SOLE   8,400 0 0
WYNDHAM WORLDWIDE CORP COM 98310W108 2,205 27,100 SH   SOLE   0 0 27,100