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
VENATOR MATLS PLC SHS G9329Z100 964 538,515 SH   SOLE   538,515 0 0
ARCELORMITTAL SA LUXEMBOURG NY REGISTRY SH 03938L203 3,219 300,000 SH   SOLE   300,000 0 0
VERTIV HOLDINGS CO COM CL A 92537N108 3,153 232,500 SH   SOLE   232,500 0 0
LOUISIANA PAC CORP COM 546347105 3,912 152,500 SH   SOLE   152,500 0 0
COLFAX CORP COM 194014106 4,185 150,000 SH   SOLE   150,000 0 0
OLIN CORP COM PAR $1 680665205 1,609 140,000 SH   SOLE   140,000 0 0
NATIONAL INSTRS CORP COM 636518102 5,361 138,500 SH   SOLE   138,500 0 0
MOSAIC CO NEW COM 61945C103 1,439 115,000 SH   SOLE   115,000 0 0
AMERICAN AXLE & MFG HLDGS IN COM 024061103 760 100,000 SH   SOLE   100,000 0 0
TECK RESOURCES LTD CL B 878742204 1,042 100,000 SH   SOLE   100,000 0 0
WEYERHAEUSER CO MTN BE COM NEW 962166104 2,246 100,000 SH   SOLE   100,000 0 0
EVOQUA WATER TECHNOLOGIES CO COM 30057T105 1,711 92,000 SH   SOLE   92,000 0 0
ALTRA INDL MOTION CORP COM 02208R106 2,608 81,848 SH   SOLE   81,848 0 0
CONSTELLIUM SE CL A SHS F21107101 593 77,229 SH   SOLE   77,229 0 0
PTC INC COM 69370C100 5,834 75,000 SH   SOLE   75,000 0 0
VALE S A SPONSORED ADS 91912E105 773 75,000 SH   SOLE   75,000 0 0
ORION ENGINEERED CARBONS S A COM L72967109 635 60,000 SH   SOLE   60,000 0 0
AMETEK INC COM 031100100 5,139 57,500 SH   SOLE   57,500 0 0
ADIENT PLC ORD SHS G0084W101 838 51,029 SH   SOLE   51,029 0 0
FORTIVE CORP COM 34959J108 3,383 50,000 SH   SOLE   50,000 0 0
LIVENT CORP COM 53814L108 308 50,000 SH   SOLE   50,000 0 0
AXALTA COATING SYS LTD COM G0750C108 1,128 50,000 SH   SOLE   50,000 0 0
REXNORD CORP COM 76169B102 1,166 40,000 SH   SOLE   40,000 0 0
ITT INC COM 45073V108 2,056 35,000 SH   SOLE   35,000 0 0
DUPONT DE NEMOURS INC COM 26614N102 1,727 32,500 SH   SOLE   32,500 0 0
ILLINOIS TOOL WKS INC COM 452308109 5,683 32,500 SH   SOLE   32,500 0 0
AVERY DENNISON CORP COM 053611109 3,573 31,313 SH   SOLE   31,313 0 0
COMMERCIAL METALS CO COM 201723103 612 30,000 SH   SOLE   30,000 0 0
VALVOLINE INC COM 92047W101 580 30,000 SH   SOLE   30,000 0 0
WORTHINGTON INDS INC COM 981811102 1,119 30,000 SH   SOLE   30,000 0 0
JOHNSON CTLS INTL PLC SHS G51502105 854 25,000 SH   SOLE   25,000 0 0
SPX CORP COM 784635104 1,012 24,600 SH   SOLE   24,600 0 0
CURTISS WRIGHT CORP COM 231561101 2,152 24,100 SH   SOLE   24,100 0 0
BERRY GLOBAL GROUP INC COM 08579W103 997 22,500 SH   SOLE   22,500 0 0
ELEMENT SOLUTIONS INC COM 28618M106 244 22,500 SH   SOLE   22,500 0 0
GREEN PLAINS INC COM 393222104 204 20,000 SH   SOLE   20,000 0 0
IDEX CORP COM 45167R104 3,161 20,000 SH   SOLE   20,000 0 0
KEYSIGHT TECHNOLOGIES INC COM 49338L103 2,016 20,000 SH   SOLE   20,000 0 0
KRATON CORPORATION COM 50077C106 346 20,000 SH   SOLE   20,000 0 0
PPG INDS INC COM 693506107 2,121 20,000 SH   SOLE   20,000 0 0
TRONOX HOLDINGS PLC SHS G9087Q102 144 20,000 SH   SOLE   20,000 0 0
LYONDELLBASELL INDUSTRIES N SHS - A - N53745100 1,314 20,000 SH   SOLE   20,000 0 0
LENNOX INTL INC COM 526107107 3,495 15,000 SH   SOLE   15,000 0 0
MERITOR INC COM 59001K100 297 15,000 SH   SOLE   15,000 0 0
NORBORD INC COM NEW 65548P403 342 15,000 SH   SOLE   15,000 0 0
POLYONE CORP COM 73179P106 393 15,000 SH   SOLE   15,000 0 0
UNITED RENTALS INC COM 911363109 2,236 15,000 SH   SOLE   15,000 0 0
BARRICK GOLD CORPORATION COM 067901108 269 10,000 SH   SOLE   10,000 0 0
CANADIAN PAC RY LTD COM 13645T100 2,553 10,000 SH   SOLE   10,000 0 0
CROWN HLDGS INC COM 228368106 651 10,000 SH   SOLE   10,000 0 0
DOMTAR CORP COM NEW 257559203 211 10,000 SH   SOLE   10,000 0 0
OWENS CORNING NEW COM 690742101 558 10,000 SH   SOLE   10,000 0 0
WOODWARD INC COM 980745103 776 10,000 SH   SOLE   10,000 0 0
LINCOLN ELEC HLDGS INC COM 533900106 834 9,900 SH   SOLE   9,900 0 0
PARKER HANNIFIN CORP COM 701094104 1,558 8,500 SH   SOLE   8,500 0 0
TELEDYNE TECHNOLOGIES INC COM 879360105 2,643 8,500 SH   SOLE   8,500 0 0
AIR TRANSPORT SERVICES GRP I COM 00922R105 167 7,500 SH   SOLE   7,500 0 0
ROCKWELL AUTOMATION INC COM 773903109 1,598 7,500 SH   SOLE   7,500 0 0
ARCH RESOURCES INC CL A 03940R107 185 6,500 SH   SOLE   6,500 0 0
CUMMINS INC COM 231021106 866 5,000 SH   SOLE   5,000 0 0
HARSCO CORP COM 415864107 68 5,000 SH   SOLE   5,000 0 0
TAYLOR MORRISON HOME CORP COM 87724P106 96 5,000 SH   SOLE   5,000 0 0
SAIA INC COM 78709Y105 43 388 SH   SOLE   388 0 0