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

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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
ANTERO RESOURCES CORP COM 03674X106 139,619 9,289,328 SH   SOLE   9,289,328 0 0
CAMECO CORP COM 13321L108 24,133 1,015,696 SH   SOLE   1,015,696 0 0
CHENIERE ENERGY INC COM NEW 16411R208 10,214 117,750 SH   SOLE   117,750 0 0
HUDBAY MINERALS INC COM 443628102 161 19,510 SH   SOLE   19,510 0 0
LINDE PLC SHS G5494J103 8,055 27,861 SH   SOLE   27,861 0 0
NEWMONT CORP COM 651639106 10,858 171,311 SH   SOLE   171,311 0 0
PDC ENERGY INC COM 69327R101 48,962 1,069,273 SH   SOLE   1,069,273 0 0
PIONEER NAT RES CO COM 723787107 13,230 81,407 SH   SOLE   81,407 0 0
RANGE RES CORP COM 75281A109 156,246 9,322,576 SH   SOLE   9,322,576 0 0
RIO TINTO PLC SPONSORED ADR 767204100 4,510 53,759 SH   SOLE   53,759 0 0
SOCIEDAD QUIMICA Y MINERA DE SPON ADR SER B 833635105 12,626 266,764 SH   SOLE   266,764 0 0
TURQUOISE HILL RES LTD COM 900435207 82,513 4,891,088 SH   SOLE   4,891,088 0 0