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 FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
ALCOA CORP COM 013872106   2,017,339 53,397 SH   SOLE   0 0 53,397
ALCOA CORP COM 013872106   7,721,514 204,381 SH   SOLE   204,381 0 0
ARDAGH METAL PACKAGING S A SHS L02235106   726,915 241,500 SH   SOLE   0 0 241,500
ARDAGH METAL PACKAGING S A SHS L02235106   2,456,822 816,220 SH   SOLE   816,220 0 0
ATI INC COM 01741R102   2,047,598 37,202 SH   SOLE   0 0 37,202
ATI INC COM 01741R102   8,006,559 145,468 SH   SOLE   145,468 0 0
BUILDERS FIRSTSOURCE INC COM 12008R107   1,521,776 10,647 SH   SOLE   0 0 10,647
BUILDERS FIRSTSOURCE INC COM 12008R107   6,464,438 45,228 SH   SOLE   45,228 0 0
CENTURY ALUM CO COM 156431108   9,896,630 543,174 SH   SOLE   543,174 0 0
CENTURY ALUM CO COM 156431108   1,907,106 104,671 SH   SOLE   0 0 104,671
CONSTELLIUM SE CL A SHS F21107101   2,018,250 196,519 SH   SOLE   0 0 196,519
CONSTELLIUM SE CL A SHS F21107101   7,093,694 690,720 SH   SOLE   690,720 0 0
D R HORTON INC COM 23331A109   1,613,383 11,539 SH   SOLE   0 0 11,539
D R HORTON INC COM 23331A109   5,519,534 39,476 SH   SOLE   39,476 0 0
ENTEGRIS INC COM 29362U104   2,019,635 20,388 SH   SOLE   0 0 20,388
ENTEGRIS INC COM 29362U104   7,872,496 79,472 SH   SOLE   79,472 0 0
EVERUS CONSTR GROUP COM 300426103   8,819,705 134,140 SH   SOLE   134,140 0 0
EVERUS CONSTR GROUP COM 300426103   1,879,267 28,582 SH   SOLE   0 0 28,582
FREEPORT-MCMORAN INC CL B 35671D857   1,924,259 50,532 SH   SOLE   0 0 50,532
FREEPORT-MCMORAN INC CL B 35671D857   7,475,409 196,308 SH   SOLE   196,308 0 0
GE VERNOVA INC COM 36828A101   1,972,922 5,998 SH   SOLE   0 0 5,998
GE VERNOVA INC COM 36828A101   7,688,739 23,375 SH   SOLE   23,375 0 0
HUDBAY MINERALS INC COM 443628102   1,751,358 216,217 SH   SOLE   0 0 216,217
HUDBAY MINERALS INC COM 443628102   7,195,603 888,346 SH   SOLE   888,346 0 0
MATERION CORP COM 576690101   1,748,792 17,686 SH   SOLE   0 0 17,686
MATERION CORP COM 576690101   6,136,097 62,056 SH   SOLE   62,056 0 0
NEXGEN ENERGY LTD COM 65340P106   2,871,238 435,036 SH   SOLE   435,036 0 0
NEXGEN ENERGY LTD COM 65340P106   854,509 129,471 SH   SOLE   0 0 129,471
SAN JUAN BASIN RTY TR UNIT BEN INT 798241105   645,075 168,427 SH   SOLE   0 0 168,427
SAN JUAN BASIN RTY TR UNIT BEN INT 798241105   2,108,901 550,627 SH   SOLE   550,627 0 0
SCORPIO TANKERS INC SHS Y7542C130   1,385,308 27,879 SH   SOLE   0 0 27,879
SCORPIO TANKERS INC SHS Y7542C130   4,449,143 89,538 SH   SOLE   89,538 0 0
VISHAY INTERTECHNOLOGY INC COM 928298108   1,673,249 98,775 SH   SOLE   0 0 98,775
VISHAY INTERTECHNOLOGY INC COM 928298108   7,077,447 417,795 SH   SOLE   417,795 0 0