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
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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 FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
Alcoa Corporation Common Stocks 013872106   21,258,768 562,699 SH   SOLE   562,699 0 0
ALPHA METALLURGICAL RESOURCES, INC. Common Stocks 020764106   11,050,626 55,220 SH   SOLE   55,220 0 0
Alphabet Inc. Class C Common Stocks 02079K107   101,566,603 533,326 SH   SOLE   533,326 0 0
Amazon.com, Inc. Common Stocks 023135106   96,403,696 439,417 SH   SOLE   439,417 0 0
American Airlines Group Inc. Common Stocks 02376R102   23,125,340 1,326,755 SH   SOLE   1,326,755 0 0
American Express Company Common Stocks 025816109   87,355,091 294,333 SH   SOLE   294,333 0 0
American International Group, Inc. Common Stocks 026874784   84,915,158 1,166,417 SH   SOLE   1,166,417 0 0
Applied Materials, Inc. Common Stocks 038222105   12,677,009 77,950 SH   SOLE   77,950 0 0
Arch Resources INC Common Stocks 03940R107   10,783,700 76,361 SH   SOLE   76,361 0 0
Bank of America Corp Common Stocks 060505104   72,835,874 1,657,244 SH   SOLE   1,657,244 0 0
Berkshire Hathaway Inc. Class B Common Stocks 084670702   66,438,609 146,573 SH   SOLE   146,573 0 0
Bio-Rad Laboratories, Inc. Class A Common Stocks 090572207   18,065,422 54,992 SH   SOLE   54,992 0 0
Booking Holdings Inc. Common Stocks 09857L108   75,937,331 15,284 SH   SOLE   15,284 0 0
Broadcom Inc. Common Stocks 11135F101   53,416,400 230,402 SH   SOLE   230,402 0 0
Brookfield Corporation Common Stocks 11271J107   5,853,293 101,885 SH   SOLE   101,885 0 0
Caesars Entertainment Inc Common Stocks 12769G100   4,745,640 142,000 SH   SOLE   142,000 0 0
Capital One Financial Corp Common Stocks 14040H105   55,162,935 309,348 SH   SOLE   309,348 0 0
CBRE Group, Inc. Class A Common Stocks 12504L109   74,746,942 569,327 SH   SOLE   569,327 0 0
Cemex SAB de CV Sponsored ADR Common Stocks 151290889   28,936,832 5,130,644 SH   SOLE   5,130,644 0 0
Centene Corporation Common Stocks 15135B101   4,133,495 68,232 SH   SOLE   68,232 0 0
Charles Schwab Corp Common Stocks 808513105   30,542,003 412,674 SH   SOLE   412,674 0 0
CHEVRON CORPORATION Common Stocks 166764100   5,678,597 39,206 SH   SOLE   39,206 0 0
Citigroup Inc. Common Stocks 172967424   87,300,212 1,240,236 SH   SOLE   1,240,236 0 0
Citizens Financial Group, Inc. Common Stocks 174610105   13,214,995 301,988 SH   SOLE   301,988 0 0
ConocoPhillips Common Stocks 20825C104   32,214,184 324,838 SH   SOLE   324,838 0 0
Copa Holdings, S.A. Class A Common Stocks P31076105   6,196,770 70,514 SH   SOLE   70,514 0 0
Corning Inc Common Stocks 219350105   21,982,800 462,601 SH   SOLE   462,601 0 0
Corteva Inc Common Stocks 22052L104   5,278,312 92,667 SH   SOLE   92,667 0 0
Costco Wholesale Corporation Common Stocks 22160K105   74,281,093 81,069 SH   SOLE   81,069 0 0
Coupang Inc Common Stocks 22266T109   20,358,667 926,236 SH   SOLE   926,236 0 0
Credicorp Ltd. Common Stocks G2519Y108   15,536,187 84,749 SH   SOLE   84,749 0 0
Cresud SA Sponsored ADR Common Stocks 226406106   8,379,121 663,430 SH   SOLE   663,430 0 0
CRH Plc Common Stocks G25508105   7,793,330 84,234 SH   SOLE   84,234 0 0
Cushman & Wakefield Plc Common Stocks G2717B108   3,275,677 250,434 SH   SOLE   250,434 0 0
Delta Air Lines, Inc. Common Stocks 247361702   21,649,139 357,837 SH   SOLE   357,837 0 0
DHT Holdings, Inc. Common Stocks Y2065G121   34,312,457 3,693,483 SH   SOLE   3,693,483 0 0
Diana Shipping Inc Warrant Warrants Y2066G138   47,229 425,104 SH   SOLE   425,104 0 0
Diana Shipping Inc. Common Stocks Y2066G104   3,977,542 2,029,358 SH   SOLE   2,029,358 0 0
D-MARKET Elektronik Hizmetler ve Ticaret AS Sponso Common Stocks 23292B104   11,888,775 3,923,688 SH   SOLE   3,923,688 0 0
Elevance Health, Inc. Common Stocks 036752103   28,861,629 78,237 SH   SOLE   78,237 0 0
EPAM Systems, Inc. Common Stocks 29414B104   4,920,274 21,043 SH   SOLE   21,043 0 0
Exxon Mobil Corporation Common Stocks 30231G102   5,456,919 50,729 SH   SOLE   50,729 0 0
Ferroglobe PLC Common Stocks G33856108   34,216,332 9,004,298 SH   SOLE   9,004,298 0 0
FirstCash Holdings, Inc. Common Stocks 33768G107   6,102,869 58,908 SH   SOLE   58,908 0 0
Freeport-McMoRan, Inc. Common Stocks 35671D857   49,489,948 1,299,631 SH   SOLE   1,299,631 0 0
Golar LNG Limited Common Stocks G9456A100   18,247,368 431,176 SH   SOLE   431,176 0 0
Golden Ocean Group Ltd Common Stocks G39637205   10,241,719 1,143,049 SH   SOLE   1,143,049 0 0
Himalaya Shipping Ltd Common Stocks G4660A103   2,189,795 450,575 SH   SOLE   450,575 0 0
Interactive Brokers Group, Inc. Class A Common Stocks 45841N107   50,304,662 284,738 SH   SOLE   284,738 0 0
International Seaways, Inc. Common Stocks Y41053102   27,154,719 755,557 SH   SOLE   755,557 0 0
iShares MSCI India ETF Common Stocks 46429B598   2,355,166 44,741 SH   SOLE   44,741 0 0
Jefferies Financial Group Inc. Common Stocks 47233W109   54,340,373 693,117 SH   SOLE   693,117 0 0
JPMorgan Chase & Co. Common Stocks 46625H100   40,632,523 169,507 SH   SOLE   169,507 0 0
Kroger Co. Common Stocks 501044101   15,625,354 255,525 SH   SOLE   255,525 0 0
Lam Research Corporation Common Stocks 512807306   11,783,313 163,136 SH   SOLE   163,136 0 0
Lesaka Technologies, Inc. Common Stocks 64107N206   15,303,589 2,807,998 SH   SOLE   2,807,998 0 0
Liberty Broadband Corp. Class C Common Stocks 530307305   757,020 10,126 SH   SOLE   10,126 0 0
Liberty Latin America Ltd. Class A Common Stocks G9001E102   460,464 72,400 SH   SOLE   72,400 0 0
Liberty Latin America Ltd. Class C Common Stocks G9001E128   616,438 97,230 SH   SOLE   97,230 0 0
Liberty Media Corp. Series A Liberty Formula One Common Stocks 531229771   398,350 4,740 SH   SOLE   4,740 0 0
Liberty Media Corp. Series A Liberty Live Common Stocks 531229748   382,587 5,748 SH   SOLE   5,748 0 0
Liberty Media Corp. Series C Liberty Formula One Common Stocks 531229755   8,638,136 93,224 SH   SOLE   93,224 0 0
Liberty Media Corp. Series C Liberty Live Common Stocks 531229722   561,155 8,245 SH   SOLE   8,245 0 0
Liberty Sirius Xm Holdings Inc Common Stocks 829933100   973,446 42,695 SH   SOLE   42,695 0 0
Loews Corporation Common Stocks 540424108   8,130,494 96,003 SH   SOLE   96,003 0 0
Loma Negra Cia Industrial Arge Common Stocks 54150E104   8,256,510 691,500 SH   SOLE   691,500 0 0
Louisiana-Pacific Corporation Common Stocks 546347105   28,057,390 270,955 SH   SOLE   270,955 0 0
LyondellBasell Industries NV Common Stocks N53745100   30,081,430 405,028 SH   SOLE   405,028 0 0
Marathon Petroleum Corporation Common Stocks 56585A102   31,877,285 228,511 SH   SOLE   228,511 0 0
Masco Corporation Common Stocks 574599106   10,613,943 146,258 SH   SOLE   146,258 0 0
MBIA Inc. Common Stocks 55262C100   10,312,079 1,596,297 SH   SOLE   1,596,297 0 0
MGM Resorts International Common Stocks 552953101   29,436,353 849,534 SH   SOLE   849,534 0 0
Microchip Technology Incorporated Common Stocks 595017104   4,545,504 79,259 SH   SOLE   79,259 0 0
Micron Technology, Inc. Common Stocks 595112103   60,436,558 718,115 SH   SOLE   718,115 0 0
Montauk Renewables, Inc. Common Stocks 61218C103   3,061,066 769,112 SH   SOLE   769,112 0 0
Morgan Stanley Common Stocks 617446448   28,136,010 223,799 SH   SOLE   223,799 0 0
Noble Corporation PLC Class A Common Stocks G65431127   31,071,085 989,525 SH   SOLE   989,525 0 0
NVIDIA Corporation Common Stocks 67066G104   17,671,624 131,593 SH   SOLE   131,593 0 0
Occidental Petroleum Corporation Common Stocks 674599105   38,359,355 776,348 SH   SOLE   776,348 0 0
PayPal Holdings, Inc. Common Stocks 70450Y103   17,922,817 209,992 SH   SOLE   209,992 0 0
Peabody Energy Corporation Common Stocks 704551100   17,927,551 856,139 SH   SOLE   856,139 0 0
Permian Basin Royalty Trust Common Stocks 714236106   3,407,665 307,551 SH   SOLE   307,551 0 0
Philip Morris International Inc. Common Stocks 718172109   12,338,763 102,524 SH   SOLE   102,524 0 0
PNC Financial Services Group, Inc. Common Stocks 693475105   16,417,128 85,129 SH   SOLE   85,129 0 0
QUALCOMM Incorporated Common Stocks 747525103   10,975,688 71,447 SH   SOLE   71,447 0 0
RLX Technology, Inc. Sponsored ADR Class A Common Stocks 74969N103   2,120,111 981,533 SH   SOLE   981,533 0 0
Ryanair Holdings Plc Sponsored ADR Common Stocks 783513203   31,185,114 715,419 SH   SOLE   715,419 0 0
Scorpio Tankers Inc. Common Stocks Y7542C130   9,950,273 200,247 SH   SOLE   200,247 0 0
Seadrill Ltd Common Stocks G7997W102   20,392,157 523,816 SH   SOLE   523,816 0 0
Seagate Technology Holdings PLC Common Stocks G7997R103   9,883,185 114,508 SH   SOLE   114,508 0 0
SL Green Realty Corp. Common Stocks 78440X887   17,190,688 253,102 SH   SOLE   253,102 0 0
Steel Dynamics, Inc. Common Stocks 858119100   19,009,195 166,645 SH   SOLE   166,645 0 0
Synchrony Financial Common Stocks 87165B103   51,650,495 794,623 SH   SOLE   794,623 0 0
Taiwan Semiconductor Manufacturing Co., Ltd. Spons Common Stocks 874039100   49,974,647 253,049 SH   SOLE   253,049 0 0
Texas Pacific Land Corporation Common Stocks 88262P102   12,208,692 11,039 SH   SOLE   11,039 0 0
Thor Industries, Inc. Common Stocks 885160101   6,315,424 65,985 SH   SOLE   65,985 0 0
Tidewater Inc Common Stocks 88642R109   11,913,814 217,763 SH   SOLE   217,763 0 0
TopBuild Corp. Common Stocks 89055F103   11,343,050 36,433 SH   SOLE   36,433 0 0
Transocean Ltd. Common Stocks H8817H100   6,398,036 1,706,143 SH   SOLE   1,706,143 0 0
Trupanion Inc Common Stocks 898202106   10,253,104 212,720 SH   SOLE   212,720 0 0
Union Pacific Corporation Common Stocks 907818108   16,436,211 72,076 SH   SOLE   72,076 0 0
Valaris Ltd. Common Stocks G9460G101   15,123,090 341,842 SH   SOLE   341,842 0 0
Veeco Instruments Inc. Common Stocks 922417100   2,159,330 80,572 SH   SOLE   80,572 0 0
VICI Properties Inc Common Stocks 925652109   4,561,755 156,171 SH   SOLE   156,171 0 0
Vipshop Holdings Ltd Sponsored ADR Common Stocks 92763W103   8,070,025 599,111 SH   SOLE   599,111 0 0
Visa Inc. Class A Common Stocks 92826C839   10,284,890 32,543 SH   SOLE   32,543 0 0
Vitesse Energy, Inc. Common Stocks 92852X103   894,475 35,779 SH   SOLE   35,779 0 0
Walt Disney Company Common Stocks 254687106   12,044,507 108,168 SH   SOLE   108,168 0 0
Warrior Met Coal, Inc. Common Stocks 93627C101   28,466,942 524,833 SH   SOLE   524,833 0 0
Wells Fargo & Company Common Stocks 949746101   54,852,804 780,934 SH   SOLE   780,934 0 0
Weyerhaeuser Company Common Stocks 962166104   1,378,168 48,958 SH   SOLE   48,958 0 0
Willis Towers Watson Public Limited Company Common Stocks G96629103   10,277,091 32,809 SH   SOLE   32,809 0 0