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
ADIENT PLC ORD SHS G0084W101 38,387 868,487 SH   SOLE   868,487 0 0
AGCO CORP COM 001084102 17,578 122,369 SH   SOLE   122,369 0 0
APA CORPORATION COM 03743Q108 4,582 255,970 SH   SOLE   255,970 0 0
ARCELORMITTAL SA LUXEMBOURG NY REGISTRY SH 03938L203 14,661 502,614 SH   SOLE   502,614 0 0
ASTEC INDS INC COM 046224101 14,784 196,027 SH   SOLE   196,027 0 0
AT HOME GROUP INC COM 04650Y100 19,625 683,812 SH   SOLE   683,812 0 0
BARCLAYS PLC ADR 06738E204 5,567 544,200 SH Call SOLE   544,200 0 0
CENTURY ALUM CO COM 156431108 21,924 1,241,447 SH   SOLE   1,241,447 0 0
CINEMARK HLDGS INC COM 17243V102 21,049 1,031,328 SH   SOLE   1,031,328 0 0
CONOCOPHILLIPS COM 20825C104 13,298 251,046 SH   SOLE   251,046 0 0
DANAOS CORPORATION SHS Y1968P121 41,015 826,750 SH   SOLE   826,750 0 0
DEVON ENERGY CORP NEW COM 25179M103 58,592 2,681,534 SH   SOLE   2,681,534 0 0
DIREXION SHS ETF TR OIL GAS BL 2X SH 25460G500 4,884 69,300 SH   SOLE   69,300 0 0
DOW INC COM 260557103 15,627 244,398 SH   SOLE   244,398 0 0
DYCOM INDS INC COM 267475101 10,477 112,833 SH   SOLE   112,833 0 0
FEDEX CORP COM 31428X106 28,391 99,954 SH   SOLE   99,954 0 0
FLUOR CORP NEW COM 343412102 35,676 1,545,075 SH   SOLE   1,545,075 0 0
HARLEY DAVIDSON INC COM 412822108 102,002 2,543,687 SH   SOLE   2,543,687 0 0
HESS CORP COM 42809H107 35,535 502,189 SH   SOLE   502,189 0 0
HILTON GRAND VACATIONS INC COM 43283X105 22,520 600,688 SH   SOLE   600,688 0 0
ISHARES TR MSCI INDIA ETF 46429B598 6,884 163,207 SH   SOLE   163,207 0 0
KIRKLAND LAKE GOLD LTD COM 49741E100 3,887 115,000 SH   SOLE   115,000 0 0
KNIGHT-SWIFT TRANSN HLDGS IN CL A 499049104 26,649 554,130 SH   SOLE   554,130 0 0
LITHIA MTRS INC CL A 536797103 44,052 112,929 SH   SOLE   112,929 0 0
LOUISIANA PAC CORP COM 546347105 48,535 875,136 SH   SOLE   875,136 0 0
LYONDELLBASELL INDUSTRIES N SHS - A - N53745100 30,710 295,143 SH   SOLE   295,143 0 0
MASONITE INTL CORP COM 575385109 1,729 15,000 SH   SOLE   15,000 0 0
MICRON TECHNOLOGY INC COM 595112103 21,041 238,531 SH   SOLE   238,531 0 0
NAUTILUS INC COM 63910B102 4,268 272,897 SH   SOLE   272,897 0 0
NORFOLK SOUTHN CORP COM 655844108 17,478 65,090 SH   SOLE   65,090 0 0
NVIDIA CORPORATION COM 67066G104 3,746 7,016 SH   SOLE   7,016 0 0
NVR INC COM 62944T105 69,840 14,825 SH   SOLE   14,825 0 0
OSHKOSH CORP COM 688239201 10,309 86,882 SH   SOLE   86,882 0 0
PIONEER NAT RES CO COM 723787107 39,446 248,367 SH   SOLE   248,367 0 0
RIO TINTO PLC SPONSORED ADR 767204100 71,203 916,978 SH   SOLE   916,978 0 0
RIO TINTO PLC SPONSORED ADR 767204100 90,128 1,160,700 SH Call SOLE   1,160,700 0 0
ROCKET COS INC COM CL A 77311W101 18,413 797,445 SH   SOLE   797,445 0 0
SCHLUMBERGER LTD COM 806857108 26,166 962,356 SH   SOLE   962,356 0 0
SIBANYE STILLWATER LTD SPONSORED ADR 82575P107 25,719 1,440,017 SH   SOLE   1,440,017 0 0
SONY CORP SPONSORED ADR 835699307 8,633 81,440 SH   SOLE   81,440 0 0
STAR BULK CARRIERS CORP. SHS PAR Y8162K204 27,899 1,900,471 SH   SOLE   1,900,471 0 0
TAKE-TWO INTERACTIVE SOFTWAR COM 874054109 24,199 136,947 SH   SOLE   136,947 0 0
TECK COMINCO LTD A SHARES CL A 878742303 5,814 229,839 SH   SOLE   229,839 0 0
TECK RESOURCES LTD CL B 878742204 19,090 995,332 SH   SOLE   995,332 0 0
TFI INTL INC COM 87241L109 8,870 118,373 SH   SOLE   118,373 0 0
TRONOX HOLDINGS PLC SHS G9087Q102 36,183 1,977,215 SH   SOLE   1,977,215 0 0
UNIFI INC COM NEW 904677200 43,799 1,589,240 SH   SOLE   1,589,240 0 0
UNITED AIRLS HLDGS INC COM 910047109 36,611 636,273 SH   SOLE   636,273 0 0
VALE S A SPONSORED ADS 91912E105 20,713 1,191,748 SH   SOLE   1,191,748 0 0
VALE S A SPONSORED ADS 91912E105 4,256 244,900 SH Call SOLE   244,900 0 0
VULCAN MATLS CO COM 929160109 5,489 32,526 SH   SOLE   32,526 0 0
WEST FRASER TIMBER CO LTD COM 952845105 143,722 1,998,377 SH   SOLE   1,998,377 0 0
WEST FRASER TIMBER CO LTD COM 952845105 18,037 250,800 SH Call SOLE   250,800 0 0
WESTERN DIGITAL CORP. COM 958102105 9,060 135,728 SH   SOLE   135,728 0 0
ZIM INTEGRATED SHIPPING SERV SHS M9T951109 23,682 972,970 SH   SOLE   972,970 0 0