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
CONSTELLIUM SE CL A SHS F21107101 1,314 252,229 SH   SOLE   252,229 0 0
VENATOR MATLS PLC SHS G9329Z100 410 238,515 SH   SOLE   238,515 0 0
NATIONAL INSTRS CORP COM 636518102 4,135 125,000 SH   SOLE   125,000 0 0
MOSAIC CO NEW COM 61945C103 1,028 95,000 SH   SOLE   95,000 0 0
VALE S A SPONSORED ADS 91912E105 663 80,000 SH   SOLE   80,000 0 0
ORION ENGINEERED CARBONS S A COM L72967109 597 80,000 SH   SOLE   80,000 0 0
POLYONE CORP COM 73179P106 1,423 75,000 SH   SOLE   75,000 0 0
CF INDS HLDGS INC COM 125269100 1,892 69,566 SH   SOLE   69,566 0 0
OLIN CORP COM PAR $1 680665205 759 65,000 SH   SOLE   65,000 0 0
BUNGE LIMITED COM G16962105 2,298 55,997 SH   SOLE   55,997 0 0
DOMTAR CORP COM NEW 257559203 1,190 55,000 SH   SOLE   55,000 0 0
COMMERCIAL METALS CO COM 201723103 790 50,000 SH   SOLE   50,000 0 0
FORTIVE CORP COM 34959J108 2,760 50,000 SH   SOLE   50,000 0 0
UNITED TECHNOLOGIES CORP COM 913017109 4,717 50,000 SH   SOLE   50,000 0 0
VERTIV HOLDINGS CO COM CL A 92537N108 433 50,000 SH   SOLE   50,000 0 0
CURTISS WRIGHT CORP COM 231561101 4,075 44,100 SH   SOLE   44,100 0 0
DUPONT DE NEMOURS INC COM 26614N102 1,449 42,500 SH   SOLE   42,500 0 0
KRATON CORPORATION COM 50077C106 324 40,000 SH   SOLE   40,000 0 0
TRONOX HOLDINGS PLC SHS G9087Q102 199 40,000 SH   SOLE   40,000 0 0
LOUISIANA PAC CORP COM 546347105 644 37,500 SH   SOLE   37,500 0 0
XYLEM INC COM 98419M100 2,280 35,000 SH   SOLE   35,000 0 0
HUNTSMAN CORP COM 447011107 469 32,500 SH   SOLE   32,500 0 0
NVENT ELECTRIC PLC SHS G6700G107 548 32,500 SH   SOLE   32,500 0 0
CHEMOURS CO COM 163851108 266 30,000 SH   SOLE   30,000 0 0
NUTRIEN LTD COM 67077M108 1,018 30,000 SH   SOLE   30,000 0 0
SUMMIT MATLS INC CL A 86614U100 450 30,000 SH   SOLE   30,000 0 0
AMETEK INC COM 031100100 1,981 27,500 SH   SOLE   27,500 0 0
EVOQUA WATER TECHNOLOGIES CO COM 30057T105 280 25,000 SH   SOLE   25,000 0 0
NORBORD INC COM NEW 65548P403 295 25,000 SH   SOLE   25,000 0 0
RIO TINTO PLC SPONSORED ADR 767204100 1,139 25,000 SH   SOLE   25,000 0 0
NORFOLK SOUTHERN CORP COM 655844108 3,285 22,500 SH   SOLE   22,500 0 0
WEYERHAEUSER CO COM 962166104 339 20,000 SH   SOLE   20,000 0 0
UNION PAC CORP COM 907818108 2,645 18,750 SH   SOLE   18,750 0 0
CENTURY ALUM CO COM 156431108 63 17,500 SH   SOLE   17,500 0 0
CAMECO CORP COM 13321L108 115 15,000 SH   SOLE   15,000 0 0
IDEX CORP COM 45167R104 2,072 15,000 SH   SOLE   15,000 0 0
NORTHROP GRUMMAN CORP COM 666807102 4,538 15,000 SH   SOLE   15,000 0 0
OWENS CORNING NEW COM 690742101 582 15,000 SH   SOLE   15,000 0 0
PTC INC COM 69370C100 918 15,000 SH   SOLE   15,000 0 0
LOCKHEED MARTIN CORP COM 539830109 4,322 12,750 SH   SOLE   12,750 0 0
ELEMENT SOLUTIONS INC COM 28618M106 105 12,500 SH   SOLE   12,500 0 0
THERMO FISHER SCIENTIFIC INC COM 883556102 3,545 12,500 SH   SOLE   12,500 0 0
ARCH COAL INC CL A 039380407 332 11,500 SH   SOLE   11,500 0 0
NORDSON CORP COM 655663102 1,452 10,750 SH   SOLE   10,750 0 0
ARCELORMITTAL SA LUXEMBOURG NY REGISTRY SH 03938L203 93 10,000 SH   SOLE   10,000 0 0
BARRICK GOLD CORPORATION COM 067901108 183 10,000 SH   SOLE   10,000 0 0
DEERE & CO COM 244199105 1,382 10,000 SH   SOLE   10,000 0 0
GREEN PLAINS INC COM 393222104 49 10,000 SH   SOLE   10,000 0 0
ROCKWELL AUTOMATION INC COM 773903109 1,509 10,000 SH   SOLE   10,000 0 0
TIMKENSTEEL CORP COM 887399103 32 10,000 SH   SOLE   10,000 0 0
AXALTA COATING SYS LTD COM G0750C108 173 10,000 SH   SOLE   10,000 0 0
ZEBRA TECHNOLOGIES CORP CL A 989207105 1,515 8,250 SH   SOLE   8,250 0 0
AIR TRANSPORT SERVICES GRP I COM 00922R105 137 7,500 SH   SOLE   7,500 0 0
GENCO SHIPPING & TRADING LTD SHS Y2685T131 36 5,537 SH   SOLE   5,537 0 0
HARSCO CORP COM 415864107 35 5,000 SH   SOLE   5,000 0 0
KEYSIGHT TECHNOLOGIES INC COM 49338L103 418 5,000 SH   SOLE   5,000 0 0
TAYLOR MORRISON HOME CORP COM 87724P106 55 5,000 SH   SOLE   5,000 0 0
INTERNATIONAL SEAWAYS INC COM Y41053102 119 5,000 SH   SOLE   5,000 0 0
FREEPORT-MCMORAN INC CL B 35671D907 2,025 300,000 SH Call SOLE   300,000 0 0
BERRY GLOBAL GROUP INC COM 08579W103 84 2,500 SH   SOLE   2,500 0 0
BEYOND MEAT INC COM 08862E109 167 2,500 SH   SOLE   2,500 0 0
COHERENT INC COM 192479103 266 2,500 SH   SOLE   2,500 0 0
EAGLE MATERIALS INC COM 26969P108 146 2,500 SH   SOLE   2,500 0 0
INTERNATIONAL FLAVORS&FRAGRA COM 459506101 255 2,500 SH   SOLE   2,500 0 0
VALE S A SPONSORED ADS 91912E955 1,658 200,000 SH Put SOLE   200,000 0 0
CF INDS HLDGS INC COM 125269900 3,264 120,000 SH Call SOLE   120,000 0 0
CHEMOURS CO COM 163851958 887 100,000 SH Put SOLE   100,000 0 0
CUMMINS INC COM 231021106 77 570 SH   SOLE   570 0 0
MOSAIC CO NEW COM 61945C953 541 50,000 SH Put SOLE   50,000 0 0
SAIA INC COM 78709Y105 29 388 SH   SOLE   388 0 0