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
AAR CORP COM 000361105 1,931 54,586 SH   SOLE   54,586 0 0
ALASKA AIR GROUP INC COM 011659109 5,808 110,000 SH   SOLE   110,000 0 0
ALBEMARLE CORP COM 012653101 2,254 9,000 SH   SOLE   9,000 0 0
ALCOA CORP COM 013872106 919 20,000 SH   SOLE   20,000 0 0
ALLEGHENY TECHNOLOGIES INC COM 01741R102 403 25,000 SH   SOLE   25,000 0 0
ALLEGIANT TRAVEL CO COM 01748X102 695 3,963 SH   SOLE   3,963 0 0
ALTO INGREDIENTS INC COM 021513106 160 30,000 SH   SOLE   30,000 0 0
AMETEK INC COM 031100100 662 5,000 SH   SOLE   5,000 0 0
AXALTA COATING SYS LTD COM G0750C108 1,732 55,525 SH   SOLE   55,525 0 0
BARCLAYS BANK PLC IPTH SR B S&P 06747R477 1,501 70,000 SH   SOLE   70,000 0 0
BARNES GROUP INC COM 067806109 1,049 25,000 SH   SOLE   25,000 0 0
BARRICK GOLD CORP COM 067901108 184 10,000 SH   SOLE   10,000 0 0
BOEING CO COM 097023105 6,728 32,500 SH   SOLE   32,500 0 0
CARNIVAL CORP COMMON STOCK 143658300 6,910 311,823 SH   SOLE   311,823 0 0
CEMEX SAB DE CV SPON ADR NEW 151290889 1,608 250,000 SH   SOLE   250,000 0 0
CF INDS HLDGS INC COM 125269100 1,136 20,000 SH   SOLE   20,000 0 0
CHARGEPOINT HOLDINGS INC COM CL A 15961R105 372 15,000 SH   SOLE   15,000 0 0
CHEMOURS CO COM 163851108 1,946 69,453 SH   SOLE   69,453 0 0
CMC MATERIALS INC COM 12571T100 642 5,000 SH   SOLE   5,000 0 0
COMMERCIAL METALS CO COM 201723103 4,125 128,170 SH   SOLE   128,170 0 0
COTERRA ENERGY INC COM 127097103 640 30,000 SH   SOLE   30,000 0 0
DUPONT DE NEMOURS INC COM 26614N102 1,167 16,770 SH   SOLE   16,770 0 0
EAGLE MATLS INC COM 26969P108 742 5,000 SH   SOLE   5,000 0 0
ECOLAB INC COM 278865100 1,778 8,000 SH   SOLE   8,000 0 0
EXXON MOBIL CORP COM 30231G102 1,289 20,000 SH   SOLE   20,000 0 0
FERROGLOBE PLC SHS G33856108 166 25,000 SH   SOLE   25,000 0 0
FRONTIER GROUP HLDGS INC COM 35909R108 391 25,000 SH   SOLE   25,000 0 0
FUELCELL ENERGY INC COM 35952H601 559 70,000 SH   SOLE   70,000 0 0
GENERAL ELECTRIC CO COM NEW 369604301 8,127 77,500 SH   SOLE   77,500 0 0
GOODYEAR TIRE & RUBR CO COM 382550101 3,059 160,000 SH   SOLE   160,000 0 0
GOODYEAR TIRE & RUBR CO COM 382550101 18 700 SH   SOLE   700 0 0
GRAPHIC PACKAGING HLDG CO COM 388689101 299 15,000 SH   SOLE   15,000 0 0
HARSCO CORP COM 415864107 86 5,000 SH   SOLE   5,000 0 0
HAWAIIAN HOLDINGS INC COM 419879101 387 20,000 SH   SOLE   20,000 0 0
HOWMET AEROSPACE INC COM 443201108 742 25,000 SH   SOLE   25,000 0 0
HUBBELL INC COM 443510607 2,991 15,000 SH   SOLE   15,000 0 0
HUNTSMAN CORP COM 447011107 22 1,000 SH   SOLE   1,000 0 0
HUNTSMAN CORP COM 447011107 4,073 125,000 SH   SOLE   125,000 0 0
ITT INC COM 45073V108 2,352 25,000 SH   SOLE   25,000 0 0
JELD-WEN HLDG INC COM 47580P103 274 10,000 SH   SOLE   10,000 0 0
JETBLUE AWYS CORP COM 477143101 702 50,000 SH   SOLE   50,000 0 0
KRATON CORP COM 50077C106 913 20,000 SH   SOLE   20,000 0 0
LITHIUM AMERS CORP NEW COM NEW 53680Q207 290 10,000 SH   SOLE   10,000 0 0
LYONDELLBASELL INDUSTRIES N SHS - A - N53745100 152 200 SH   SOLE   200 0 0
MARTIN MARIETTA MATLS INC COM 573284106 1,964 5,000 SH   SOLE   5,000 0 0
MIDDLEBY CORP COM 596278101 2,737 15,000 SH   SOLE   15,000 0 0
MOHAWK INDS INC COM 608190104 1,772 10,000 SH   SOLE   10,000 0 0
MOSAIC CO NEW COM 61945C103 1,559 37,495 SH   SOLE   37,495 0 0
MP MATERIALS CORP COM CL A 553368101 677 20,000 SH   SOLE   20,000 0 0
NLIGHT INC COM 65487K100 211 7,500 SH   SOLE   7,500 0 0
NORWEGIAN CRUISE LINE HLDG L SHS G66721104 2,058 80,000 SH   SOLE   80,000 0 0
NUCOR CORP COM 670346105 1,675 15,000 SH   SOLE   15,000 0 0
OIL STS INTL INC COM 678026105 152 25,000 SH   SOLE   25,000 0 0
OLIN CORP COM PAR $1 680665205 7,977 140,000 SH   SOLE   140,000 0 0
ORIGIN MATERIALS INC COM 68622D106 129 20,000 SH   SOLE   20,000 0 0
PACTIV EVERGREEN INC COM 69526K105 626 45,000 SH   SOLE   45,000 0 0
PARKER-HANNIFIN CORP COM 701094104 3,114 10,500 SH   SOLE   10,500 0 0
PEABODY ENGR CORP COM 704551100 535 45,000 SH   SOLE   45,000 0 0
PIEDMONT LITHIUM INC COM 72016P105 824 13,221 SH   SOLE   13,221 0 0
PLUG POWER INC COM NEW 72919P202 765 20,000 SH   SOLE   20,000 0 0
RAYTHEON TECHNOLOGIES CORP COM 75513E101 666 7,500 SH   SOLE   7,500 0 0
RIOT BLOCKCHAIN INC COM 767292105 544 20,000 SH   SOLE   20,000 0 0
SCORPIO TANKERS INC SHS Y7542C130 481 30,000 SH   SOLE   30,000 0 0
SOCIEDAD QUIMICA Y MINERA DE SPON ADR SER B 833635105 3,842 70,000 SH   SOLE   70,000 0 0
SOUTHWESTERN ENERGY CO COM 845467109 878 180,000 SH   SOLE   180,000 0 0
SPIRIT AEROSYSTEMS HLDGS INC COM CL A 848574109 2,065 50,000 SH   SOLE   50,000 0 0
SUMMIT MATLS INC CL A 86614U100 357 10,000 SH   SOLE   10,000 0 0
TECK RESOURCES LTD CL B 878742204 698 25,000 SH   SOLE   25,000 0 0
TRINSEO PLC SHS G9059U107 561 10,000 SH   SOLE   10,000 0 0
TRONOX HOLDINGS PLC SHS G9087Q102 138 1,250 SH   SOLE   1,250 0 0
TRONOX HOLDINGS PLC SHS G9087Q102 4,081 175,000 SH   SOLE   175,000 0 0
UNITED RENTALS INC COM 911363109 5,687 15,000 SH   SOLE   15,000 0 0
UNITED STATES STL CORP NEW COM 912909108 3,959 150,000 SH   SOLE   150,000 0 0
UNIVAR SOLUTIONS INC COM 91336L107 512 20,000 SH   SOLE   20,000 0 0
VANECK ETF TRUST GOLD MINERS ETF 92189F106 1,903 60,000 SH   SOLE   60,000 0 0
VANECK ETF TRUST OIL SERVICES ETF 92189H607 3,784 18,000 SH   SOLE   18,000 0 0
VENATOR MATLS PLC SHS G9329Z100 2,123 705,241 SH   SOLE   705,241 0 0
VULCAN MATLS CO COM 929160109 951 5,000 SH   SOLE   5,000 0 0