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
AECOM COM 00766T100 35,991 1,088,009 SH   SOLE   1,088,009 0 0
AMERICAN AXLE & MFG HLDGS IN COM 024061103 28,398 1,358,126 SH   SOLE   1,358,126 0 0
ANADARKO PETE CORP COM 032511107 33,067 423,615 SH   SOLE   423,615 0 0
AURICO GOLD INC COM 05155C105 11,707 4,122,277 SH   SOLE   4,122,277 0 0
BERRY PLASTICS GROUP INC COM 08579W103 92,742 2,862,405 SH   SOLE   2,862,405 0 0
BUNGE LIMITED COM G16962105 17,343 197,528 SH   SOLE   197,528 0 0
CAESARSTONE SDOT-YAM LTD ORD SHS M20598104 28,982 422,846 SH   SOLE   422,846 0 0
CF INDS HLDGS INC COM 125269100 58,030 902,762 SH   SOLE   902,762 0 0
CHENIERE ENERGY INC COM NEW 16411R208 40,690 587,498 SH   SOLE   587,498 0 0
CONTINENTAL RESOURCES INC COM 212015101 8,241 194,410 SH   SOLE   194,410 0 0
CROWN HOLDINGS INC COM 228368106 16,243 306,998 SH   SOLE   306,998 0 0
D R HORTON INC COM 23331A109 16,845 615,686 SH   SOLE   615,686 0 0
DELEK US HLDGS INC COM 246647101 49,813 1,352,890 SH   SOLE   1,352,890 0 0
DELPHI AUTOMOTIVE PLC SHS G27823106 80,192 942,435 SH   SOLE   942,435 0 0
DELTA AIR LINES INC DEL COM NEW 247361702 95,616 2,327,554 SH   SOLE   2,327,554 0 0
EOG RES INC COM 26875P101 42,339 483,602 SH   SOLE   483,602 0 0
EQT CORP COM 26884L109 68,862 846,591 SH   SOLE   846,591 0 0
FEDEX CORP COM 31428X106 38,840 227,932 SH   SOLE   227,932 0 0
GENERAL DYNAMICS CORP COM 369550108 49,985 352,778 SH   SOLE   352,778 0 0
GENERAL MTRS CO COM 37045V100 99,087 2,972,921 SH   SOLE   2,972,921 0 0
GOLD FIELDS LTD NEW SPONSORED ADR 38059T106 4,798 1,485,398 SH   SOLE   1,485,398 0 0
GOODYEAR TIRE & RUBR CO COM 382550101 59,629 1,977,759 SH   SOLE   1,977,759 0 0
HD SUPPLY HLDGS INC COM 40416M105 18,513 526,231 SH   SOLE   526,231 0 0
HESS CORP COM 42809H107 15,903 237,789 SH   SOLE   237,789 0 0
HONEYWELL INTL INC COM 438516106 62,183 609,817 SH   SOLE   609,817 0 0
HORNBECK OFFSHORE SVCS INC N COM 440543106 23,293 1,134,593 SH   SOLE   1,134,593 0 0
HUNTSMAN CORP COM 447011107 25,932 1,175,000 SH Call SOLE   1,175,000 0 0
HUNTSMAN CORP COM 447011107 63,266 2,866,626 SH   SOLE   2,866,626 0 0
INGERSOLL-RAND PLC SHS G47791101 68,991 1,023,308 SH   SOLE   1,023,308 0 0
JETBLUE AIRWAYS CORP COM 477143101 50,970 2,455,212 SH   SOLE   2,455,212 0 0
KAPSTONE PAPER & PACKAGING C COM 48562P103 5,379 232,666 SH   SOLE   232,666 0 0
KOSMOS ENERGY LTD SHS G5315B107 2,094 248,438 SH   SOLE   248,438 0 0
LEAR CORP COM NEW 521865204 72,111 642,356 SH   SOLE   642,356 0 0
LYONDELLBASELL INDUSTRIES N SHS - A - N53745100 131,930 1,274,443 SH   SOLE   1,274,443 0 0
MAGNA INTL INC COM 559222401 13,187 235,100 SH Call SOLE   235,100 0 0
MAGNA INTL INC COM 559222401 104,801 1,868,445 SH   SOLE   1,868,445 0 0
MERITAGE HOMES CORP COM 59001A102 3,394 72,070 SH   SOLE   72,070 0 0
MERITOR INC COM 59001K100 22,829 1,739,980 SH   SOLE   1,739,980 0 0
MILLER HERMAN INC COM 600544100 17,351 599,756 SH   SOLE   599,756 0 0
MOBILEYE N V AMSTELVEEN ORD SHS N51488117 38,167 717,826 SH   SOLE   717,826 0 0
MOSAIC CO NEW COM 61945C103 58,357 1,245,610 SH   SOLE   1,245,610 0 0
NOBLE ENERGY INC COM 655044105 93,235 2,184,508 SH   SOLE   2,184,508 0 0
PACCAR INC COM 693718108 69,534 1,089,706 SH   SOLE   1,089,706 0 0
PDC ENERGY INC COM 69327R101 43,837 817,236 SH   SOLE   817,236 0 0
PLATINUM GROUP METALS LTD COM NEW 72765Q205 7,322 18,304,119 SH   SOLE   18,304,119 0 0
PPG INDS INC COM 693506107 8,348 72,770 SH   SOLE   72,770 0 0
PRECISION DRILLING CORP COM 2010 74022D308 6,956 1,035,116 SH   SOLE   1,035,116 0 0
ROWAN COMPANIES PLC SHS CL A G7665A101 23,918 1,133,031 SH   SOLE   1,133,031 0 0
SEALED AIR CORP NEW COM 81211K100 33,787 657,592 SH   SOLE   657,592 0 0
SMITH A O COM 831865209 58,626 814,474 SH   SOLE   814,474 0 0
SOUTHWEST AIRLS CO COM 844741108 28,406 858,457 SH   SOLE   858,457 0 0
SPIRIT AIRLS INC COM 848577102 12,005 193,313 SH   SOLE   193,313 0 0
STANLEY BLACK & DECKER INC COM 854502101 40,615 385,932 SH   SOLE   385,932 0 0
STEEL DYNAMICS INC COM 858119100 9,395 453,536 SH   SOLE   453,536 0 0
STEELCASE INC CL A 858155203 9,452 499,825 SH   SOLE   499,825 0 0
STILLWATER MNG CO COM 86074Q102 3,405 293,748 SH   SOLE   293,748 0 0
SUNEDISON INC COM 86732Y109 20,439 683,336 SH   SOLE   683,336 0 0
SWIFT TRANSN CO CL A 87074U101 30,711 1,354,677 SH   SOLE   1,354,677 0 0
TENNECO INC COM 880349105 45,286 788,406 SH   SOLE   788,406 0 0
TESORO CORP COM 881609101 61,270 725,856 SH   SOLE   725,856 0 0
THOMPSON CREEK METALS CO INC COM 884768102 4,636 5,653,152 SH   SOLE   5,653,152 0 0
TURQUOISE HILL RES LTD COM 900435108 25,866 6,824,877 SH   SOLE   6,824,877 0 0
TYSON FOODS INC CL A 902494103 123,897 2,906,342 SH   SOLE   2,906,342 0 0
UNITED CONTL HLDGS INC COM 910047109 67,833 1,279,619 SH   SOLE   1,279,619 0 0
UNITED RENTALS INC COM 911363109 54,756 624,926 SH   SOLE   624,926 0 0
UNITED STATES STL CORP NEW COM 912909108 3,621 175,600 SH Call SOLE   175,600 0 0
UNITED STATES STL CORP NEW COM 912909108 6,057 293,748 SH   SOLE   293,748 0 0
VALERO ENERGY CORP NEW COM 91913Y100 71,630 1,144,251 SH   SOLE   1,144,251 0 0
WABCO HLDGS INC COM 92927K102 37,717 304,854 SH   SOLE   304,854 0 0
WHIRLPOOL CORP COM 963320106 15,443 89,242 SH   SOLE   89,242 0 0