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
AK STL HLDG CORP COM 001547108 7,239 1,477,400 SH Call SOLE   1,182,200 0 0
AK STL HLDG CORP COM 001547108 7,570 1,544,861 SH   SOLE   1,216,591 0 0
ALBEMARLE CORP COM 012653101 25,400 254,562 SH   SOLE   200,837 0 0
ALCOA CORP COM 013872106 15,042 372,325 SH   SOLE   291,544 0 0
ALLEGHENY TECHNOLOGIES INC COM 01741R102 9,062 306,659 SH   SOLE   242,051 0 0
ALTRA INDL MOTION CORP COM 02208R106 24,808 600,688 SH   SOLE   474,980 0 0
AMERICAN AXLE & MFG HLDGS IN COM 024061103 28,302 1,622,800 SH Call SOLE   1,241,600 0 0
AMERICAN AXLE & MFG HLDGS IN COM 024061103 61,205 3,509,469 SH   SOLE   2,662,453 0 0
ANDEAVOR COM 03349M105 568 3,698 SH   SOLE   3,698 0 0
ANDEAVOR COM 03349M105 19,740 128,600 SH Call SOLE   102,800 0 0
APPLIED INDL TECHNOLOGIES IN COM 03820C105 8,226 105,126 SH   SOLE   82,292 0 0
ARCHER DANIELS MIDLAND CO COM 039483102 15,709 312,501 SH   SOLE   243,943 0 0
BARRICK GOLD CORP COM 067901108 3,684 332,478 SH   SOLE   265,598 0 0
BERRY GLOBAL GROUP INC COM 08579W103 48,193 995,921 SH   SOLE   799,175 0 0
C H ROBINSON WORLDWIDE INC COM NEW 12541W209 53,946 550,921 SH   SOLE   431,701 0 0
CATERPILLAR INC DEL COM 149123101 87,793 575,730 SH   SOLE   456,324 0 0
CF INDS HLDGS INC COM 125269100 29,913 549,469 SH   SOLE   437,892 0 0
CHENIERE ENERGY INC COM NEW 16411R208 177,382 2,552,620 SH   SOLE   2,033,303 0 0
CROWN HOLDINGS INC COM 228368106 77,960 1,624,175 SH   SOLE   1,304,331 0 0
CSX CORP COM 126408103 23,276 314,326 SH   SOLE   246,919 0 0
DANA INCORPORATED COM 235825205 18,444 987,900 SH Call SOLE   818,500 0 0
DANA INCORPORATED COM 235825205 83,470 4,470,814 SH   SOLE   3,575,291 0 0
DELTA AIR LINES INC DEL COM NEW 247361702 70,242 1,214,631 SH   SOLE   962,314 0 0
DOWDUPONT INC COM 26078J100 12,069 187,667 SH   SOLE   147,781 0 0
EATON CORP PLC SHS G29183103 53,085 612,075 SH   SOLE   483,245 0 0
ELDORADO GOLD CORP NEW COM 284902103 211 239,252 SH   SOLE   239,252 0 0
GENERAL MTRS CO COM 37045V100 18,655 554,062 SH   SOLE   435,494 0 0
GENERAL MTRS CO COM 37045V100 42,828 1,272,000 SH Call SOLE   1,017,600 0 0
GOLAR LNG LTD BERMUDA SHS G9456A100 5,564 200,139 SH   SOLE   160,163 0 0
GRAPHIC PACKAGING HLDG CO COM 388689101 48,249 3,443,862 SH   SOLE   2,757,377 0 0
HELMERICH & PAYNE INC COM 423452101 19,713 286,644 SH   SOLE   228,270 0 0
HESS CORP COM 42809H107 68,571 957,960 SH   SOLE   761,353 0 0
HUBBELL INC COM 443510607 31,283 234,205 SH   SOLE   183,009 0 0
KNIGHT SWIFT TRANSN HLDGS IN CL A 499049104 41,944 1,216,485 SH   SOLE   954,838 0 0
LEAR CORP COM NEW 521865204 39,180 270,210 SH   SOLE   216,982 0 0
LENNAR CORP CL A 526057104 14,943 320,042 SH   SOLE   249,728 0 0
MARATHON PETE CORP COM 56585A102 23,152 289,503 SH   SOLE   231,675 0 0
MASTEC INC COM 576323109 14,358 321,577 SH   SOLE   253,820 0 0
MOSAIC CO NEW COM 61945C103 31,715 976,434 SH   SOLE   769,347 0 0
NEXTERA ENERGY PARTNERS LP COM UNIT PART IN 65341B106 6,060 124,944 SH   SOLE   124,944 0 0
NIO INC SPON ADS 62914V106 4,683 670,866 SH   SOLE   530,470 0 0
NOBLE ENERGY INC COM 655044105 8,684 278,434 SH   SOLE   219,968 0 0
NORFOLK SOUTHERN CORP COM 655844108 22,141 122,664 SH   SOLE   96,120 0 0
NUCOR CORP COM 670346105 17,402 274,271 SH   SOLE   216,264 0 0
OSHKOSH CORP COM 688239201 32,449 455,490 SH   SOLE   357,517 0 0
PACCAR INC COM 693718108 18,999 278,623 SH   SOLE   219,125 0 0
PRETIUM RES INC COM 74139C102 17,547 2,305,791 SH   SOLE   1,915,282 0 0
PRETIUM RES INC COM 74139C102 41,372 5,436,500 SH Call SOLE   4,350,600 0 0
QUANTA SVCS INC COM 74762E102 10,197 305,489 SH   SOLE   239,379 0 0
RAMACO RES INC COM 75134P303 2,799 375,187 SH   SOLE   300,246 0 0
RANGE RES CORP COM 75281A109 9,354 550,578 SH   SOLE   441,916 0 0
ROYAL CARIBBEAN CRUISES LTD COM V7780T103 56,050 431,351 SH   SOLE   341,262 0 0
SCORPIO TANKERS INC SHS Y7542C106 3,587 1,784,728 SH   SOLE   1,398,517 0 0
SOUTHWEST AIRLS CO COM 844741108 54,361 870,479 SH   SOLE   691,619 0 0
STAR BULK CARRIERS CORP SHS PAR Y8162K204 7,636 528,460 SH   SOLE   423,064 0 0
TRANSOCEAN LTD REG SHS H8817H100 22,695 1,626,900 SH Call SOLE   1,242,100 0 0
TURQUOISE HILL RES LTD COM 900435108 32,514 15,336,997 SH   SOLE   12,554,925 0 0
TYSON FOODS INC CL A 902494103 37,066 622,642 SH   SOLE   491,476 0 0
UNITED CONTL HLDGS INC COM 910047109 52,051 584,452 SH   SOLE   459,614 0 0
UNITED STATES STL CORP NEW COM 912909108 27,508 902,482 SH   SOLE   714,800 0 0
UNITED TECHNOLOGIES CORP COM 913017109 79,243 566,794 SH   SOLE   446,499 0 0
VALE S A ADR 91912E105 39,159 2,638,775 SH   SOLE   2,097,812 0 0
W & T OFFSHORE INC COM 92922P106 10,054 1,042,994 SH   SOLE   820,771 0 0
WARRIOR MET COAL INC COM 93627C101 28,938 1,070,200 SH   SOLE   857,164 0 0