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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 FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
BARRICK GOLD CORP COM 067901108   2,181,438 149,927 SH   SOLE   149,927 0 0
CATERPILLAR INC COM 149123101   4,690,686 17,182 SH   SOLE   17,182 0 0
CHEVRON CORP NEW COM 166764100   4,420,205 26,214 SH   SOLE   26,214 0 0
CIENA CORP COM NEW 171779309   296,793 6,280 SH   SOLE   6,280 0 0
COMPANIA DE MINAS BUENAVENTU SPONSORED ADR 204448104   908,309 106,609 SH   SOLE   106,609 0 0
CONOCOPHILLIPS COM 20825C104   6,030,732 50,340 SH   SOLE   50,340 0 0
COSTCO WHSL CORP NEW COM 22160K105   4,025,340 7,125 SH   SOLE   7,125 0 0
CUMMINS INC COM 231021106   3,754,283 16,433 SH   SOLE   16,433 0 0
D R HORTON INC COM 23331A109   4,709,873 43,825 SH   SOLE   43,825 0 0
DEERE & CO COM 244199105   4,673,097 12,383 SH   SOLE   12,383 0 0
DEVON ENERGY CORP NEW COM 25179M103   3,517,589 73,744 SH   SOLE   73,744 0 0
EOG RES INC COM 26875P101   2,724,199 21,491 SH   SOLE   21,491 0 0
FRANCO NEV CORP COM 351858105   4,310,259 32,289 SH   SOLE   32,289 0 0
FREEPORT-MCMORAN INC CL B 35671D857   2,941,659 78,886 SH   SOLE   78,886 0 0
GENCO SHIPPING & TRADING LTD SHS Y2685T131   2,150,291 153,702 SH   SOLE   153,702 0 0
GOLAR LNG LTD SHS G9456A100   2,390,580 98,540 SH   SOLE   98,540 0 0
INTUITIVE SURGICAL INC COM NEW 46120E602   4,271,818 14,615 SH   SOLE   14,615 0 0
ISHARES SILVER TR ISHARES 46428Q109   375,456 18,459 SH   SOLE   18,459 0 0
ISHARES TR MSCI UK ETF NEW 46435G334   4,785,234 151,240 SH   SOLE   151,240 0 0
LENNAR CORP CL A 526057104   3,676,991 32,763 SH   SOLE   32,763 0 0
MARATHON PETE CORP COM 56585A102   3,530,308 23,327 SH   SOLE   23,327 0 0
MOHAWK INDS INC COM 608190104   2,729,444 31,808 SH   SOLE   31,808 0 0
MOSAIC CO NEW COM 61945C103   2,673,952 75,111 SH   SOLE   75,111 0 0
NEWMONT CORP COM 651639106   2,047,954 55,425 SH   SOLE   55,425 0 0
NORFOLK SOUTHN CORP COM 655844108   3,500,628 17,776 SH   SOLE   17,776 0 0
RIO TINTO PLC SPONSORED ADR 767204100   2,549,037 40,054 SH   SOLE   40,054 0 0
ROCKWELL AUTOMATION INC COM 773903109   3,153,718 11,032 SH   SOLE   11,032 0 0
SCHLUMBERGER LTD COM STK 806857108   5,973,943 102,469 SH   SOLE   102,469 0 0
SHERWIN WILLIAMS CO COM 824348106   3,606,152 14,139 SH   SOLE   14,139 0 0
SPDR GOLD TR GOLD SHS 78463V107   558,413 3,257 SH   SOLE   3,257 0 0
SPDR SER TR S&P OILGAS EXP 78468R556   3,880,863 26,238 SH   SOLE   26,238 0 0
ST JOE CO COM 790148100   2,333,528 42,951 SH   SOLE   42,951 0 0
STAR BULK CARRIERS CORP. SHS PAR Y8162K204   2,323,356 120,506 SH   SOLE   120,506 0 0
TOYOTA MOTOR CORP ADS 892331307   2,876,719 16,004 SH   SOLE   16,004 0 0
UNION PAC CORP COM 907818108   3,152,396 15,481 SH   SOLE   15,481 0 0
VANECK ETF TRUST GOLD MINERS ETF 92189F106   3,961,206 147,202 SH   SOLE   147,202 0 0
WHEATON PRECIOUS METALS CORP COM 962879102   2,217,598 54,688 SH   SOLE   54,688 0 0