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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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   18,333,000 1,050,000 SH   SOLE   1,050,000 0 0
UNITED STATES STL CORP NEW COM 912909108   13,702,500 525,000 SH   SOLE   525,000 0 0
SITIO ROYALTIES CORP CLASS A COM 82983N108   11,639,000 515,000 SH   SOLE   515,000 0 0
FREEPORT-MCMORAN INC CL B 35671D857   18,409,500 450,000 SH   SOLE   450,000 0 0
SCHLUMBERGER LTD COM STK 806857108   20,032,800 408,000 SH   SOLE   408,000 0 0
CSX CORP COM 126408103   11,077,800 370,000 SH   SOLE   370,000 0 0
WASTE CONNECTIONS INC COM 94106B101   17,800,960 128,000 SH   SOLE   128,000 0 0
AMERICAN WTR WKS CO INC NEW COM 030420103   18,692,124 127,600 SH   SOLE   127,600 0 0
EATON CORP PLC SHS G29183103   21,845,850 127,500 SH   SOLE   127,500 0 0
JACOBS SOLUTIONS INC COM 46982L108   12,138,783 103,300 SH   SOLE   103,300 0 0
AMAZON COM INC COM 023135106   10,329,000 100,000 SH   SOLE   100,000 0 0
KBR INC COM 48242W106   5,505,000 100,000 SH   SOLE   100,000 0 0
STARBUCKS CORP COM 855244109   10,413,000 100,000 SH   SOLE   100,000 0 0
APPLIED MATLS INC COM 038222105   9,826,400 80,000 SH   SOLE   80,000 0 0
HILTON WORLDWIDE HLDGS INC COM 43300A203   11,269,600 80,000 SH   SOLE   80,000 0 0
WESCO INTL INC COM 95082P105   12,100,482 78,300 SH   SOLE   78,300 0 0
OSISKO DEVELOPMENT CORP COM NEW 68828E809   329,500 50,000 SH   SOLE   50,000 0 0
SANDSTORM GOLD LTD COM NEW 80013R206   290,500 50,000 SH   SOLE   50,000 0 0
STEEL DYNAMICS INC COM 858119100   5,653,000 50,000 SH   SOLE   50,000 0 0
DANAHER CORPORATION COM 235851102   10,081,600 40,000 SH   SOLE   40,000 0 0
FRANCO NEV CORP COM 351858105   5,103,000 35,000 SH   SOLE   35,000 0 0
MICROSOFT CORP COM 594918104   10,090,500 35,000 SH   SOLE   35,000 0 0
DEERE & CO COM 244199105   10,941,320 26,500 SH   SOLE   26,500 0 0
MASTERCARD INCORPORATED CL A 57636Q104   9,085,250 25,000 SH   SOLE   25,000 0 0
MCKESSON CORP COM 58155Q103   8,901,250 25,000 SH   SOLE   25,000 0 0
PG&E CORP COM 69331C108   404,250 25,000 SH   SOLE   25,000 0 0
FREYR BATTERY SHS L4135L100   133,350 15,000 SH   SOLE   15,000 0 0
TECK RESOURCES LTD CL B 878742204   547,500 15,000 SH   SOLE   15,000 0 0
BAKER HUGHES COMPANY CL A 05722G100   389,610 13,500 SH   SOLE   13,500 0 0
SUNCOR ENERGY INC NEW COM 867224107   403,650 13,000 SH   SOLE   13,000 0 0
TENARIS S A SPONSORED ADS 88031M109   341,040 12,000 SH   SOLE   12,000 0 0
HF SINCLAIR CORP COM 403949100   387,040 8,000 SH   SOLE   8,000 0 0
IMPERIAL OIL LTD COM NEW 453038408   406,480 8,000 SH   SOLE   8,000 0 0
CORTEVA INC COM 22052L104   422,170 7,000 SH   SOLE   7,000 0 0
DARLING INGREDIENTS INC COM 237266101   379,600 6,500 SH   SOLE   6,500 0 0
SCHNITZER STEEL INDS INC CL A 806882106   199,040 6,400 SH   SOLE   6,400 0 0
TARGA RES CORP COM 87612G101   437,700 6,000 SH   SOLE   6,000 0 0
CONSTELLATION ENERGY CORP COM 21037T109   392,500 5,000 SH   SOLE   5,000 0 0
NEXTERA ENERGY INC COM 65339F101   385,400 5,000 SH   SOLE   5,000 0 0
RIO TINTO PLC SPONSORED ADR 767204100   343,000 5,000 SH   SOLE   5,000 0 0
UNION PAC CORP COM 907818108   1,006,300 5,000 SH   SOLE   5,000 0 0
CALIFORNIA RES CORP COM STOCK 13057Q305   180,950 4,700 SH   SOLE   4,700 0 0
MOSAIC CO NEW COM 61945C103   215,636 4,700 SH   SOLE   4,700 0 0
ALCOA CORP COM 013872106   170,240 4,000 SH   SOLE   4,000 0 0
PHILLIPS 66 COM 718546104   405,520 4,000 SH   SOLE   4,000 0 0
CHART INDS INC COM 16115Q308   438,900 3,500 SH   SOLE   3,500 0 0
SOUTHERN COPPER CORP COM 84265V105   244,000 3,200 SH   SOLE   3,200 0 0
NUTRIEN LTD COM 67077M108   206,780 2,800 SH   SOLE   2,800 0 0
QUANTA SVCS INC COM 74762E102   466,592 2,800 SH   SOLE   2,800 0 0
CHENIERE ENERGY INC COM NEW 16411R208   394,000 2,500 SH   SOLE   2,500 0 0
LINDE PLC SHS G54950103   888,600 2,500 SH   SOLE   2,500 0 0
DENBURY INC COM 24790A101   210,312 2,400 SH   SOLE   2,400 0 0
ENPHASE ENERGY INC COM 29355A107   420,560 2,000 SH   SOLE   2,000 0 0
RELIANCE STEEL & ALUMINUM CO COM 759509102   513,480 2,000 SH   SOLE   2,000 0 0