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
Estimated average burden
hours per response: 23.8
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
TECK RESOURCES LTD CL B 878742204 7,382 425,000 SH   SOLE   425,000 0 0
UNITED STATES STL CORP NEW COM 912909108 4,507 395,000 SH   SOLE   395,000 0 0
CLEVELAND CLIFFS INC COM 185899101 3,197 380,536 SH   SOLE   380,536 0 0
TRONOX HOLDINGS PLC SHS G9087Q102 3,083 270,000 SH   SOLE   270,000 0 0
FREEPORT-MCMORAN INC CL B 35671D857 3,280 250,000 SH   SOLE   250,000 0 0
VALE S A SPONSORED ADS 91912E105 3,168 240,000 SH   SOLE   240,000 0 0
CONSTELLIUM SE CL A SHS F21107101 2,680 200,000 SH   SOLE   200,000 0 0
VENATOR MATLS PLC SHS G9329Z100 747 195,000 SH   SOLE   195,000 0 0
ARCELORMITTAL SA LUXEMBOURG NY REGISTRY SH 03938L203 2,806 160,000 SH   SOLE   160,000 0 0
DUPONT DE NEMOURS INC COM 26614N102 10,272 160,000 SH   SOLE   160,000 0 0
MOSAIC CO NEW COM 61945C103 2,813 130,000 SH   SOLE   130,000 0 0
TIMKENSTEEL CORP COM 887399103 1,022 130,000 SH   SOLE   130,000 0 0
LIVENT CORP COM 53814L108 1,026 120,000 SH   SOLE   120,000 0 0
CF INDS HLDGS INC COM 125269100 4,774 100,000 SH   SOLE   100,000 0 0
GARDNER DENVER HLDGS INC COM 36555P107 3,668 100,000 SH   SOLE   100,000 0 0
HUNTSMAN CORP COM 447011107 2,416 100,000 SH   SOLE   100,000 0 0
BUNGE LIMITED COM G16962105 5,755 100,000 SH   SOLE   100,000 0 0
GATES INDUSTRIAL CORPRATIN P ORD SHS G39108108 1,238 90,000 SH   SOLE   90,000 0 0
COMPASS MINERALS INTL INC COM 20451N101 5,140 84,313 SH   SOLE   84,313 0 0
POLYONE CORP COM 73179P106 2,943 80,000 SH   SOLE   80,000 0 0
COLFAX CORP COM 194014106 2,729 75,000 SH   SOLE   75,000 0 0
SCHLUMBERGER LTD COM 806857108 3,015 75,000 SH   SOLE   75,000 0 0
GENCO SHIPPING & TRADING LTD SHS Y2685T131 702 66,074 SH   SOLE   66,074 0 0
ALTRA INDL MOTION CORP COM 02208R106 2,173 60,000 SH   SOLE   60,000 0 0
AXALTA COATING SYS LTD COM G0750C108 1,824 60,000 SH   SOLE   60,000 0 0
FORTIVE CORP COM 34959J108 4,392 57,500 SH   SOLE   57,500 0 0
BERRY GLOBAL GROUP INC COM 08579W103 2,612 55,000 SH   SOLE   55,000 0 0
AMERICAN AXLE & MFG HLDGS IN COM 024061103 538 50,000 SH   SOLE   50,000 0 0
DELTA AIR LINES INC DEL COM NEW 247361702 2,924 50,000 SH   SOLE   50,000 0 0
OWENS CORNING NEW COM 690742101 3,256 50,000 SH   SOLE   50,000 0 0
WESTROCK CO COM 96145D105 2,146 50,000 SH   SOLE   50,000 0 0
DHT HOLDINGS INC SHS NEW Y2065G121 414 50,000 SH   SOLE   50,000 0 0
IPG PHOTONICS CORP COM 44980X109 6,884 47,500 SH   SOLE   47,500 0 0
CENTURY ALUM CO COM 156431108 338 45,000 SH   SOLE   45,000 0 0
COGNEX CORP COM 192422103 2,522 45,000 SH   SOLE   45,000 0 0
FERRO CORP COM 315405100 667 45,000 SH   SOLE   45,000 0 0
STAR BULK CARRIERS CORP SHS PAR Y8162K204 531 45,000 SH   SOLE   45,000 0 0
KRATON CORPORATION COM 50077C106 1,013 40,000 SH   SOLE   40,000 0 0
NVENT ELECTRIC PLC SHS G6700G107 1,023 40,000 SH   SOLE   40,000 0 0
CHART INDS INC COM PAR $0.01 16115Q308 2,531 37,500 SH   SOLE   37,500 0 0
TIMKEN CO COM 887389104 2,112 37,500 SH   SOLE   37,500 0 0
BARRICK GOLD CORPORATION COM 067901108 651 35,000 SH   SOLE   35,000 0 0
DEERE & CO COM 244199105 5,631 32,500 SH   SOLE   32,500 0 0
ARCH COAL INC CL A 039380407 2,152 30,000 SH   SOLE   30,000 0 0
CAMECO CORP COM 13321L108 267 30,000 SH   SOLE   30,000 0 0
DOMTAR CORP COM NEW 257559203 1,147 30,000 SH   SOLE   30,000 0 0
ELEMENT SOLUTIONS INC COM 28618M106 350 30,000 SH   SOLE   30,000 0 0
STEEL DYNAMICS INC COM 858119100 1,021 30,000 SH   SOLE   30,000 0 0
UNION PACIFIC CORP COM 907818108 5,424 30,000 SH   SOLE   30,000 0 0
UNITED AIRLINES HLDGS INC COM 910047109 2,643 30,000 SH   SOLE   30,000 0 0
CURTISS WRIGHT CORP COM 231561101 3,522 25,000 SH   SOLE   25,000 0 0
HARSCO CORP COM 415864107 575 25,000 SH   SOLE   25,000 0 0
CHEMOURS CO COM 163851108 362 20,000 SH   SOLE   20,000 0 0
EAGLE MATERIALS INC COM 26969P108 1,813 20,000 SH   SOLE   20,000 0 0
GRACE W R & CO DEL NEW COM 38388F108 1,397 20,000 SH   SOLE   20,000 0 0
MARATHON PETE CORP COM 56585A102 1,205 20,000 SH   SOLE   20,000 0 0
SUMMIT MATLS INC CL A 86614U100 478 20,000 SH   SOLE   20,000 0 0
3M CO COM 88579Y101 3,528 20,000 SH   SOLE   20,000 0 0
WEYERHAEUSER CO COM 962166104 604 20,000 SH   SOLE   20,000 0 0
SCORPIO TANKERS INC SHS Y7542C130 787 20,000 SH   SOLE   20,000 0 0
PARKER HANNIFIN CORP COM 701094104 3,170 15,400 SH   SOLE   15,400 0 0
AIR TRANSPORT SERVICES GRP I COM 00922R105 352 15,000 SH   SOLE   15,000 0 0
COHERENT INC COM 192479103 2,079 12,500 SH   SOLE   12,500 0 0
ZEBRA TECHNOLOGIES CORP CL A 989207105 2,938 11,500 SH   SOLE   11,500 0 0
AIR PRODS & CHEMS INC COM 009158106 2,350 10,000 SH   SOLE   10,000 0 0
LENNAR CORP CL A 526057104 558 10,000 SH   SOLE   10,000 0 0
LENNOX INTL INC COM 526107107 2,440 10,000 SH   SOLE   10,000 0 0
MOHAWK INDS INC COM 608190104 1,364 10,000 SH   SOLE   10,000 0 0
NORBORD INC COM NEW 65548P403 267 10,000 SH   SOLE   10,000 0 0
PBF ENERGY INC CL A 69318G106 314 10,000 SH   SOLE   10,000 0 0
REGAL BELOIT CORP COM 758750103 856 10,000 SH   SOLE   10,000 0 0
INTERNATIONAL SEAWAYS INC COM Y41053102 298 10,000 SH   SOLE   10,000 0 0
ROPER TECHNOLOGIES INC COM 776696106 2,657 7,500 SH   SOLE   7,500 0 0
ROCKWELL AUTOMATION INC COM 773903109 1,013 5,000 SH   SOLE   5,000 0 0
LEAR CORP COM NEW 521865204 288 2,100 SH   SOLE   2,100 0 0
UNITED STATES STL CORP NEW PUT 912909958 2,282 200,000 SH Put SOLE   200,000 0 0
DUPONT DE NEMOURS INC PUT 26614N952 6,420 100,000 SH Put SOLE   100,000 0 0
LIVENT CORP CALL 53814L908 855 100,000 SH Call SOLE   100,000 0 0
MOSAIC CO NEW CALL 61945C903 2,164 100,000 SH Call SOLE   100,000 0 0