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 FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
CENOVUS ENERGY INC COM 15135U109   49,757,494 2,530,900 SH   SOLE   2,530,900 0 0
AMAZON COM INC COM 023135106   48,312,500 250,000 SH   SOLE   250,000 0 0
MICROSOFT CORP COM 594918104   44,695,000 100,000 SH   SOLE   100,000 0 0
VEREN INC COM NEW 92340V107   39,350,000 5,000,000 SH   SOLE   5,000,000 0 0
OSISKO GOLD ROYALTIES LTD COM 68827L101   31,663,234 2,032,300 SH   SOLE   2,032,300 0 0
CADENCE DESIGN SYSTEM INC COM 127387108   18,465,000 60,000 SH   SOLE   60,000 0 0
MASTERCARD INCORPORATED CL A 57636Q104   17,646,400 40,000 SH   SOLE   40,000 0 0
APPLE INC COM 037833100   16,849,600 80,000 SH   SOLE   80,000 0 0
NUCOR CORP COM 670346105   15,808,000 100,000 SH   SOLE   100,000 0 0
FRANCO NEV CORP COM 351858105   14,815,000 125,000 SH   SOLE   125,000 0 0
UBER TECHNOLOGIES INC COM 90353T100   14,536,000 200,000 SH   SOLE   200,000 0 0
GE VERNOVA INC COM 36828A101   13,472,111 78,550 SH   SOLE   78,550 0 0
EATON CORP PLC SHS G29183103   12,827,331 40,910 SH   SOLE   40,910 0 0
CORE & MAIN INC CL A 21874C102   12,748,870 260,500 SH   SOLE   260,500 0 0
WASTE CONNECTIONS INC COM 94106B101   12,275,200 70,000 SH   SOLE   70,000 0 0
GE AEROSPACE COM NEW 369604301   11,922,750 75,000 SH   SOLE   75,000 0 0
CRH PLC ORD G25508105   11,707,827 156,146 SH   SOLE   156,146 0 0
MCKESSON CORP COM 58155Q103   11,680,800 20,000 SH   SOLE   20,000 0 0
DEERE & CO COM 244199105   11,208,900 30,000 SH   SOLE   30,000 0 0
CHENIERE ENERGY INC COM NEW 16411R208   11,101,705 63,500 SH   SOLE   63,500 0 0
BUILDERS FIRSTSOURCE INC COM 12008R107   11,072,800 80,000 SH   SOLE   80,000 0 0
MIRION TECHNOLOGIES INC COM CL A 60471A101   11,036,424 1,027,600 SH   SOLE   1,027,600 0 0
LINDE PLC SHS G54950103   10,970,250 25,000 SH   SOLE   25,000 0 0
HILTON WORLDWIDE HLDGS INC COM 43300A203   10,910,000 50,000 SH   SOLE   50,000 0 0
MARATHON PETE CORP COM 56585A102   10,877,196 62,700 SH   SOLE   62,700 0 0
MARTIN MARIETTA MATLS INC COM 573284106   10,836,000 20,000 SH   SOLE   20,000 0 0
NEXTERA ENERGY INC COM 65339F101   10,621,500 150,000 SH   SOLE   150,000 0 0
FEDEX CORP COM 31428X106   10,494,400 35,000 SH   SOLE   35,000 0 0
AIR PRODS & CHEMS INC COM 009158106   10,322,000 40,000 SH   SOLE   40,000 0 0
QUANTA SVCS INC COM 74762E102   10,163,600 40,000 SH   SOLE   40,000 0 0
CSX CORP COM 126408103   10,035,000 300,000 SH   SOLE   300,000 0 0
CAESARS ENTERTAINMENT INC NE COM 12769G100   9,935,000 250,000 SH   SOLE   250,000 0 0
CAMECO CORP COM 13321L108   9,840,000 200,000 SH   SOLE   200,000 0 0
DISCOVER FINL SVCS COM 254709108   9,810,750 75,000 SH   SOLE   75,000 0 0
CORNING INC COM 219350105   9,712,500 250,000 SH   SOLE   250,000 0 0
AERCAP HOLDINGS NV SHS N00985106   9,320,000 100,000 SH   SOLE   100,000 0 0
FLUOR CORP NEW COM 343412102   8,710,000 200,000 SH   SOLE   200,000 0 0
MDU RES GROUP INC COM 552690109   7,730,800 308,000 SH   SOLE   308,000 0 0
SCORPIO TANKERS INC SHS Y7542C130   4,064,500 50,000 SH   SOLE   50,000 0 0