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
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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
ALCOA INC COM 013817101 12,870 1,000,000 SH   SOLE   1,000,000 0 0
AMERICAN EAGLE OUTFITTERS INC COM 02553E106 6,120 500,000 SH   SOLE   500,000 0 0
ARCH COAL INC COM 039380100 24,100 5,000,000 SH   SOLE   5,000,000 0 0
BARRICK GOLD CORPORATION COM 067901108 8,915 500,000 SH   SOLE   500,000 0 0
CALLAWAY GOLF COM 131193104 5,110 500,000 SH   SOLE   500,000 0 0
CLIFFS NATURAL RESOURCES INC COM 18683K101 20,460 1,000,000 SH   SOLE   1,000,000 0 0
DELTA AIR LINES INC COM 247361702 34,650 1,000,000 SH   SOLE   1,000,000 0 0
DYNEGY INC COM 26817R108 2,494 100,000 SH   SOLE   100,000 0 0
EATON CORPORATION COM G29183103 15,024 200,000 SH   SOLE   200,000 0 0
ENPRO INDUSTRIES INC COM 29355X107 7,267 100,000 SH   SOLE   100,000 0 0
GREENBRIER COMPANIES INC COM 393657101 4,560 100,000 SH   SOLE   100,000 0 0
IAMGOLD CORPORATION COM 450913108 3,520 1,000,000 SH   SOLE   1,000,000 0 0
JC PENNEY CO INC COM 708160106 12,930 1,500,000 SH   SOLE   1,500,000 0 0
LOUISIANA PACIFIC CORP COM 546347105 16,870 1,000,000 SH   SOLE   1,000,000 0 0
NEWMONT MINING CORPORATION COM 651639106 11,720 500,000 SH   SOLE   500,000 0 0
NORANDA ALUMINUM HOLDING CORP COM 65542W107 6,371 1,550,000 SH   SOLE   1,550,000 0 0
SCHLUMBERGER LIMITED COM 806857108 48,750 500,000 SH   SOLE   500,000 0 0
WALTER ENERGY INC COM 93317Q105 11,340 1,500,000 SH   SOLE   1,500,000 0 0