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
BARRICK GOLD CORP COM 067901108 3,065 161,306 SH   SOLE   161,306 0 0
CATERPILLAR INC COM 149123101 3,841 18,580 SH   SOLE   18,580 0 0
CHEVRON CORP NEW COM 166764100 3,304 28,159 SH   SOLE   28,159 0 0
CIENA CORP COM NEW 171779309 354 4,597 SH   SOLE   4,597 0 0
COMPANIA DE MINAS BUENAVENTU SPONSORED ADR 204448104 843 115,136 SH   SOLE   115,136 0 0
CONOCOPHILLIPS COM 20825C104 3,511 48,640 SH   SOLE   48,640 0 0
COSTCO WHSL CORP NEW COM 22160K105 4,010 7,064 SH   SOLE   7,064 0 0
CUMMINS INC COM 231021106 3,583 16,427 SH   SOLE   16,427 0 0
D R HORTON INC COM 23331A109 6,792 62,626 SH   SOLE   62,626 0 0
DEERE & CO COM 244199105 4,572 13,334 SH   SOLE   13,334 0 0
DEVON ENERGY CORP NEW COM 25179M103 3,487 79,170 SH   SOLE   79,170 0 0
EATON CORP PLC SHS G29183103 3,075 17,793 SH   SOLE   17,793 0 0
EOG RES INC COM 26875P101 2,047 23,046 SH   SOLE   23,046 0 0
GOLAR LNG LTD SHS G9456A100 1,310 105,729 SH   SOLE   105,729 0 0
HONEYWELL INTL INC COM 438516106 2,824 13,546 SH   SOLE   13,546 0 0
INTEL CORP COM 458140100 2,416 46,912 SH   SOLE   46,912 0 0
INTUITIVE SURGICAL INC COM NEW 46120E602 6,537 18,193 SH   SOLE   18,193 0 0
ISHARES INC MSCI AUST ETF 464286103 7,285 293,403 SH   SOLE   293,403 0 0
ISHARES INC MSCI BRAZIL ETF 464286400 202 7,195 SH   SOLE   7,195 0 0
ISHARES INC MSCI STH KOR ETF 464286772 3,981 51,130 SH   SOLE   51,130 0 0
ISHARES SILVER TR ISHARES 46428Q109 291 13,513 SH   SOLE   13,513 0 0
ISHARES TR MSCI UK ETF NEW 46435G334 7,709 232,617 SH   SOLE   232,617 0 0
LENNAR CORP CL A 526057104 4,091 35,218 SH   SOLE   35,218 0 0
NEWMONT CORP COM 651639106 3,739 60,280 SH   SOLE   60,280 0 0
NORFOLK SOUTHN CORP COM 655844108 7,098 23,843 SH   SOLE   23,843 0 0
RIO TINTO PLC SPONSORED ADR 767204100 2,882 43,057 SH   SOLE   43,057 0 0
ROCKWELL AUTOMATION INC COM 773903109 4,136 11,857 SH   SOLE   11,857 0 0
SCHLUMBERGER LTD COM STK 806857108 3,293 109,958 SH   SOLE   109,958 0 0
SHERWIN WILLIAMS CO COM 824348106 4,808 13,654 SH   SOLE   13,654 0 0
SPDR GOLD TR GOLD SHS 78463V107 574 3,360 SH   SOLE   3,360 0 0
ST JOE CO COM 790148100 2,484 47,721 SH   SOLE   47,721 0 0
TORO CO COM 891092108 3,029 30,321 SH   SOLE   30,321 0 0
UNION PAC CORP COM 907818108 5,511 21,877 SH   SOLE   21,877 0 0
VALE S A SPONSORED ADS 91912E105 2,583 184,210 SH   SOLE   184,210 0 0
VANECK ETF TRUST GOLD MINERS ETF 92189F106 4,831 150,834 SH   SOLE   150,834 0 0
VANECK ETF TRUST VANECK RUSSIA ET 92189F403 2,313 86,773 SH   SOLE   86,773 0 0
WISDOMTREE TR JAPN HEDGE EQT 97717W851 6,112 97,737 SH   SOLE   97,737 0 0