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
Alphabet Inc. Class A CL A 02079K305 41,132 33,683 SH   SOLE   177,800 0 0
American Airlines Group, Inc. COM 02376R102 24,419 905,400 SH   SOLE   884,000 0 0
American Express Company COM 025816109 30,551 258,290 SH   SOLE   170,785 0 0
Apache Corporation COM 037411105 16,154 631,000 SH   SOLE   958,600 0 0
Arch Coal Inc Class A CL A 039380407 43,084 580,650 SH   SOLE   415,600 0 0
Bank of America Corp COM 060505104 56,281 1,929,400 SH   SOLE   2,039,400 0 0
Citigroup Inc. COM NEW 172967424 43,161 624,800 SH   SOLE   632,336 0 0
Coca-Cola Company COM 191216100 41,324 759,078 SH   SOLE   759,078 0 0
Colgate-Palmolive Company COM 194162103 46,483 632,336 SH   SOLE   753,346 0 0
Crown Holdings, Inc. COM 228368106 41,185 623,446 SH   SOLE   169,000 0 0
Deere & Company COM 244199105 28,808 170,785 SH   SOLE   429,746 0 0
Facebook, Inc. Class A CL A 30303M102 43,273 243,000 SH   SOLE   243,000 0 0
FedEx Corporation COM 31428X106 5,986 41,120 SH   SOLE   631,000 0 0
Hess Corporation COM 42809H107 126,703 2,094,952 SH   SOLE   2,094,952 0 0
Home Depot, Inc. COM 437076102 53,086 228,800 SH   SOLE   580,650 0 0
JPMorgan Chase & Co. COM 46625H100 64,777 550,405 SH   SOLE   590,405 0 0
Kansas City Southern COM NEW 485170302 43,400 326,290 SH   SOLE   228,800 0 0
Lowe's Companies, Inc. COM 548661107 45,699 415,600 SH   SOLE   694,800 0 0
Mondelez International, Inc. Class A CL A 609207105 42,043 759,998 SH   SOLE   759,998 0 0
Norfolk Southern Corporation COM 655844108 31,944 177,800 SH   SOLE   178,384 0 0
Peabody Energy Corporation COM 704551100 14,111 958,600 SH   SOLE   638,400 0 0
S&P Global, Inc. COM 78409V104 41,402 169,000 SH   SOLE   326,290 0 0
Wells Fargo & Company COM 949746101 33,280 659,800 SH   SOLE   659,800 0 0
Weyerhaeuser Company COM 962166104 24,487 884,000 SH   SOLE   23,275 0 0