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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
AGCO CORP COM 001084102 31,797 259,502 SH   SOLE   259,502 0 0
CLEVELAND-CLIFFS INC NEW COM 185899101 61,781 3,118,676 SH   SOLE   3,118,676 0 0
PHILIP MORRIS INTL INC COM 718172109 49,245 519,522 SH   SOLE   519,522 0 0
UNITED STATES STL CORP NEW COM 912909108 56,890 2,589,453 SH   SOLE   2,589,453 0 0