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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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
GENERAL ELECTRIC CO COM 369604103 13,460 1,000,000 SH   SOLE   1,000,000 0 0
VENATOR MATLS PLC SHS G9329Z100 2,964 625,241 SH   SOLE   625,241 0 0
GOODYEAR TIRE & RUBR CO COM 382550101 7,546 440,000 SH   SOLE   440,000 0 0
AMERICAN AIRLS GROUP INC COM 02376R102 7,848 370,000 SH   SOLE   370,000 0 0
HUNTSMAN CORP COM 447011107 7,956 300,000 SH   SOLE   300,000 0 0
ORION ENGINEERED CARBONS S A COM L72967109 5,697 300,000 SH   SOLE   300,000 0 0
UNITED AIRLS HLDGS INC COM 910047109 12,811 245,000 SH   SOLE   245,000 0 0
CARNIVAL CORP UNIT 99/99/9999 143658300 4,925 186,823 SH   SOLE   186,823 0 0
CLEVELAND-CLIFFS INC NEW COM 185899101 3,989 185,000 SH   SOLE   185,000 0 0
LIVENT CORP COM 53814L108 3,485 180,000 SH   SOLE   180,000 0 0
MOSAIC CO NEW COM 61945C103 5,425 170,000 SH   SOLE   170,000 0 0
AAR CORP COM 000361105 5,796 149,586 SH   SOLE   149,586 0 0
TRONOX HOLDINGS PLC SHS G9087Q102 3,259 145,500 SH   SOLE   145,500 0 0
VANECK VECTORS ETF TR GOLD MINERS ETF 92189F106 4,417 130,000 SH   SOLE   130,000 0 0
ALCOA CORP COM 013872106 4,421 120,000 SH   SOLE   120,000 0 0
DELTA AIR LINES INC DEL COM NEW 247361702 4,975 115,000 SH   SOLE   115,000 0 0
NUTRIEN LTD COM 67077M108 6,667 110,000 SH   SOLE   110,000 0 0
NORWEGIAN CRUISE LINE HLDG L SHS G66721104 3,235 110,000 SH   SOLE   110,000 0 0
SABRE CORP COM 78573M104 1,248 100,000 SH   SOLE   100,000 0 0
SPIRIT AIRLS INC COM 848577102 3,044 100,000 SH   SOLE   100,000 0 0
UNITED STATES STL CORP NEW COM 912909108 2,160 90,000 SH   SOLE   90,000 0 0
WESTLAKE CHEM CORP COM 960413102 7,207 80,000 SH   SOLE   80,000 0 0
AERCAP HOLDINGS NV SHS N00985106 4,097 80,000 SH   SOLE   80,000 0 0
COMMERCIAL METALS CO COM 201723103 2,304 75,000 SH   SOLE   75,000 0 0
HAWAIIAN HOLDINGS INC COM 419879101 1,828 75,000 SH   SOLE   75,000 0 0
RAYTHEON TECHNOLOGIES CORP COM 75513E101 6,398 75,000 SH   SOLE   75,000 0 0
ARCELORMITTAL SA LUXEMBOURG NY REGISTRY SH 03938L203 2,174 70,000 SH   SOLE   70,000 0 0
CHEMOURS CO COM 163851108 2,243 64,453 SH   SOLE   64,453 0 0
AIR LEASE CORP CL A 00912X302 2,504 60,000 SH   SOLE   60,000 0 0
MP MATERIALS CORP COM CL A 553368101 2,212 60,000 SH   SOLE   60,000 0 0
GRAPHIC PACKAGING HLDG CO COM 388689101 907 50,000 SH   SOLE   50,000 0 0
INTREPID POTASH INC COM 46121Y201 1,593 50,000 SH   SOLE   50,000 0 0
OCCIDENTAL PETE CORP COM 674599105 1,564 50,000 SH   SOLE   50,000 0 0
APA CORPORATION COM 03743Q108 973 45,000 SH   SOLE   45,000 0 0
VALERO ENERGY CORP COM 91913Y100 3,514 45,000 SH   SOLE   45,000 0 0
WOODWARD INC COM 980745103 5,530 45,000 SH   SOLE   45,000 0 0
INTERNATIONAL PAPER CO COM 460146103 2,452 40,000 SH   SOLE   40,000 0 0
BOEING CO COM 097023105 8,385 35,000 SH   SOLE   35,000 0 0
ECOLAB INC COM 278865100 7,209 35,000 SH   SOLE   35,000 0 0
VANECK VECTORS ETF TR OIL SVCS ETF 92189H607 7,663 35,000 SH   SOLE   35,000 0 0
ALTO INGREDIENTS INC COM 021513106 183 30,000 SH   SOLE   30,000 0 0
LOUISIANA PAC CORP COM 546347105 1,809 30,000 SH   SOLE   30,000 0 0
LYFT INC CL A COM 55087P104 1,814 30,000 SH   SOLE   30,000 0 0
PLUG POWER INC COM NEW 72919P202 1,026 30,000 SH   SOLE   30,000 0 0
CONSTELLIUM SE CL A SHS F21107101 516 27,229 SH   SOLE   27,229 0 0
ALBEMARLE CORP COM 012653101 4,212 25,000 SH   SOLE   25,000 0 0
EXPEDIA GROUP INC COM NEW 30212P303 4,093 25,000 SH   SOLE   25,000 0 0
OIL STS INTL INC COM 678026105 196 25,000 SH   SOLE   25,000 0 0
OLIN CORP COM PAR $1 680665205 925 20,000 SH   SOLE   20,000 0 0
ORIGIN MATERIALS INC COM 68622D106 164 20,000 SH   SOLE   20,000 0 0
PQ GROUP HLDGS INC COM 73943T103 307 20,000 SH   SOLE   20,000 0 0
SUMMIT MATLS INC CL A 86614U100 697 20,000 SH   SOLE   20,000 0 0
THOR INDS INC COM 885160101 2,260 20,000 SH   SOLE   20,000 0 0
UNITED RENTALS INC COM 911363109 6,380 20,000 SH   SOLE   20,000 0 0
XL FLEET CORP COM CL A 9837FR100 167 20,000 SH   SOLE   20,000 0 0
LYONDELLBASELL INDUSTRIES N SHS - A - N53745100 2,057 20,000 SH   SOLE   20,000 0 0
MIDDLEBY CORP COM 596278101 3,032 17,500 SH   SOLE   17,500 0 0
DUPONT DE NEMOURS INC COM 26614N102 1,298 16,770 SH   SOLE   16,770 0 0
AXALTA COATING SYS LTD COM G0750C108 473 15,525 SH   SOLE   15,525 0 0
CMC MATERIALS INC COM 12571T100 2,261 15,000 SH   SOLE   15,000 0 0
NLIGHT INC COM 65487K100 544 15,000 SH   SOLE   15,000 0 0
NORFOLK SOUTHN CORP COM 655844108 3,981 15,000 SH   SOLE   15,000 0 0
PARKER-HANNIFIN CORP COM 701094104 3,839 12,500 SH   SOLE   12,500 0 0
TRANSDIGM GROUP INC COM 893641100 6,797 10,500 SH   SOLE   10,500 0 0
WEST FRASER TIMBER CO LTD COM 952845105 726 10,125 SH   SOLE   10,125 0 0
BARRICK GOLD CORP COM 067901108 207 10,000 SH   SOLE   10,000 0 0
JELD-WEN HLDG INC COM 47580P103 263 10,000 SH   SOLE   10,000 0 0
NORDSON CORP COM 655663102 2,195 10,000 SH   SOLE   10,000 0 0
WEYERHAEUSER CO MTN BE COM NEW 962166104 344 10,000 SH   SOLE   10,000 0 0
SCORPIO TANKERS INC SHS Y7542C130 221 10,000 SH   SOLE   10,000 0 0
SAIA INC COM 78709Y105 1,571 7,500 SH   SOLE   7,500 0 0
HARSCO CORP COM 415864107 102 5,000 SH   SOLE   5,000 0 0
TAYLOR MORRISON HOME CORP COM 87724P106 132 5,000 SH   SOLE   5,000 0 0
CARNIVAL CORP PUT 143658950 26,360 1,000,000 SH Put SOLE   1,000,000 0 0