# EDGAR Filing Document

**Accession Number:** 0001301743
**File Stem:** 0001405086-25-000221
**Filing Date:** 2025-8
**Character Count:** 17574
**Document Hash:** 509e599076ab5e06185428ab4509a5f1
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001405086-25-000221.hdr.sgml**: 20250814

**ACCESSION NUMBER**: 0001405086-25-000221

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250814

**DATE AS OF CHANGE**: 20250814

**EFFECTIVENESS DATE**: 20250814

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** CoreCommodity Management, LLC
- **CENTRAL INDEX KEY:** 0001301743

**ORGANIZATION NAME:**
- **EIN:** 651211841
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-11239
- **FILM NUMBER:** 251219416

**BUSINESS ADDRESS:**
- **STREET 1:** 680 WASHINGTON BOULEVARD
- **STREET 2:** 11TH FLOOR
- **CITY:** STAMFORD
- **STATE:** CT
- **ZIP:** 06901
- **BUSINESS PHONE:** (203) 708-6500

**MAIL ADDRESS:**
- **STREET 1:** 680 WASHINGTON BOULEVARD
- **STREET 2:** 11TH FLOOR
- **CITY:** STAMFORD
- **STATE:** CT
- **ZIP:** 06901

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Jefferies Asset Management, LLC
- **DATE OF NAME CHANGE:** 20040827

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 06-30-2025

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** CoreCommodity Management LLC<br>**Address:** 680 WASHINGTON BOULEVARD<br>11TH FLOOR<br>STAMFORD, CT 06901

**Form 13F File Number:** 028-11239

**CRD Number (if applicable):** 000135810

**SEC File Number (if applicable):** 801-65436

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Michael S. Sheehy<br>**Title:** Managing Director and Chief Compliance Officer<br>**Phone:** 203-708-6500

**Signature, Place, and Date of Signing:**

/s/Michael S. Sheehy  Stamford, CT  08-14-2025<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 140

**Form 13F Information Table Value Total:** $607536944

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| ADECOAGRO S A | COM | LO0849106 |  | 945771 | 103476 | SH |  | SOLE |  | 103476 | 0 | 0 |
| AGCO CORP | COM | 001084102 |  | 394174 | 3821 | SH |  | SOLE |  | 3821 | 0 | 0 |
| AGNICO EAGLE MINES LTD | COM | 008474108 |  | 4833044 | 40633 | SH |  | SOLE |  | 40633 | 0 | 0 |
| ALBEMARLE CORP | COM | 012653101 |  | 251745 | 4017 | SH |  | SOLE |  | 4017 | 0 | 0 |
| ALCOA CORP | COM | 013872106 |  | 4175399 | 141491 | SH |  | SOLE |  | 141491 | 0 | 0 |
| ALPHA METALLURGICAL RESOUR I | COM | 020764106 |  | 1208935 | 10748 | SH |  | SOLE |  | 10748 | 0 | 0 |
| AMER STATES WTR CO | COM | 029899101 |  | 1725770 | 22512 | SH |  | SOLE |  | 22512 | 0 | 0 |
| ANTERO RESOURCES CORP | COM | 03674X106 |  | 555300 | 13786 | SH |  | SOLE |  | 13786 | 0 | 0 |
| APA CORPORATION | COM | 03743Q108 |  | 226394 | 12378 | SH |  | SOLE |  | 12378 | 0 | 0 |
| ARCHER DANIELS MIDLAND CO | COM | 039483102 |  | 4070552 | 77123 | SH |  | SOLE |  | 77123 | 0 | 0 |
| ARIS WATER SOLUTIONS INC | CLASS A COM | 04041L106 |  | 787758 | 33309 | SH |  | SOLE |  | 33309 | 0 | 0 |
| ARRAY TECHNOLOGIES INC | COM SHS | 04271T100 |  | 5951896 | 1008796 | SH |  | SOLE |  | 1008796 | 0 | 0 |
| ATI INC | COM | 01741R102 |  | 521321 | 6038 | SH |  | SOLE |  | 6038 | 0 | 0 |
| B2GOLD CORP | COM | 11777Q209 |  | 663590 | 183817 | SH |  | SOLE |  | 183817 | 0 | 0 |
| BAKER HUGHES COMPANY | CL A | 05722G100 |  | 309749 | 8079 | SH |  | SOLE |  | 8079 | 0 | 0 |
| BARRICK MNG CORP | COM SHS | 06849F108 |  | 764927 | 36740 | SH |  | SOLE |  | 36740 | 0 | 0 |
| BAYTEX ENERGY CORP | COM | 07317Q105 |  | 3864784 | 2157352 | SH |  | SOLE |  | 2157352 | 0 | 0 |
| BHP GROUP LTD | SPONSORED ADS | 088606108 |  | 444352 | 9240 | SH |  | SOLE |  | 9240 | 0 | 0 |
| BLACK STONE MINERALS L P | COM UNIT | 09225M101 |  | 650403 | 49725 | SH |  | SOLE |  | 49725 | 0 | 0 |
| CAL MAINE FOODS INC | COM NEW | 128030202 |  | 1819941 | 18267 | SH |  | SOLE |  | 18267 | 0 | 0 |
| CALIFORNIA RES CORP | COM STOCK | 13057Q305 |  | 2618170 | 57328 | SH |  | SOLE |  | 57328 | 0 | 0 |
| CALIFORNIA WTR SVC GROUP | COM | 130788102 |  | 1635188 | 35954 | SH |  | SOLE |  | 35954 | 0 | 0 |
| CANADIAN NAT RES LTD | COM | 136385101 |  | 1654752 | 52664 | SH |  | SOLE |  | 52664 | 0 | 0 |
| CANADIAN SOLAR INC | COM | 136635109 |  | 229698 | 20806 | SH |  | SOLE |  | 20806 | 0 | 0 |
| CENOVUS ENERGY INC | COM | 15135U109 |  | 2918244 | 214734 | SH |  | SOLE |  | 214734 | 0 | 0 |
| CENTERRA GOLD INC | COM | 152006102 |  | 2224654 | 308244 | SH |  | SOLE |  | 308244 | 0 | 0 |
| CENTURY ALUM CO | COM | 156431108 |  | 3674422 | 203908 | SH |  | SOLE |  | 203908 | 0 | 0 |
| CF INDS HLDGS INC | COM | 125269100 |  | 515108 | 5599 | SH |  | SOLE |  | 5599 | 0 | 0 |
| CHAMPIONX CORPORATION | COM | 15872M104 |  | 1980543 | 79732 | SH |  | SOLE |  | 79732 | 0 | 0 |
| CHEVRON CORP NEW | COM | 166764100 |  | 337642 | 2358 | SH |  | SOLE |  | 2358 | 0 | 0 |
| CHORD ENERGY CORPORATION | COM NEW | 674215207 |  | 2344061 | 24203 | SH |  | SOLE |  | 24203 | 0 | 0 |
| CIVITAS RESOURCES INC | COM NEW | 17888H103 |  | 2883243 | 104769 | SH |  | SOLE |  | 104769 | 0 | 0 |
| CLEVELAND-CLIFFS INC NEW | COM | 185899101 |  | 152654 | 20086 | SH |  | SOLE |  | 20086 | 0 | 0 |
| CNH INDL N V | SHS | N20944109 |  | 3670080 | 45716 | SH |  | SOLE |  | 45716 | 0 | 0 |
| CNH INDL N V | SHS | N20944109 |  | 1558233 | 120234 | SH |  | SOLE |  | 120234 | 0 | 0 |
| CNX RES CORP | COM | 12653C108 |  | 274290 | 8144 | SH |  | SOLE |  | 8144 | 0 | 0 |
| COEUR MNG INC | COM NEW | 192108504 |  | 380307 | 42924 | SH |  | SOLE |  | 42924 | 0 | 0 |
| COMPANIA DE MINAS BUENAVENTU | SPONSORED ADR | 204448104 |  | 3024843 | 184217 | SH |  | SOLE |  | 184217 | 0 | 0 |
| COMPASS MINERALS INTL INC | COM | 20451N101 |  | 373574 | 18595 | SH |  | SOLE |  | 18595 | 0 | 0 |
| CONOCOPHILLIPS | COM | 20825C104 |  | 4483410 | 49960 | SH |  | SOLE |  | 49960 | 0 | 0 |
| CORE LABORATORIES INC | COM | 21867A105 |  | 747671 | 64902 | SH |  | SOLE |  | 64902 | 0 | 0 |
| CORTEVA INC | COM | 22052L104 |  | 5136608 | 68920 | SH |  | SOLE |  | 68920 | 0 | 0 |
| COTERRA ENERGY INC | COM | 127097103 |  | 3333638 | 131349 | SH |  | SOLE |  | 131349 | 0 | 0 |
| CRESCENT ENERGY COMPANY | CL A COM | 44952J104 |  | 196605 | 22861 | SH |  | SOLE |  | 22861 | 0 | 0 |
| DAQO NEW ENERGY CORP | SPNSRD ADS NEW | 23703Q203 |  | 3907261 | 257565 | SH |  | SOLE |  | 257565 | 0 | 0 |
| DARLING INGREDIENTS INC | COM | 237266101 |  | 4982015 | 131313 | SH |  | SOLE |  | 131313 | 0 | 0 |
| DEERE  CO | COM | 244199105 |  | 2267865 | 4460 | SH |  | SOLE |  | 4460 | 0 | 0 |
| DEVON ENERGY CORP NEW | COM | 25179M103 |  | 4536583 | 142615 | SH |  | SOLE |  | 142615 | 0 | 0 |
| DIAMONDBACK ENERGY INC | COM | 25278X109 |  | 453283 | 3299 | SH |  | SOLE |  | 3299 | 0 | 0 |
| DNOW INC | COM | 67011P100 |  | 1394198 | 94012 | SH |  | SOLE |  | 94012 | 0 | 0 |
| DOLE PLC | ORD SHS | G27907107 |  | 968961 | 69261 | SH |  | SOLE |  | 69261 | 0 | 0 |
| ELDORADO GOLD CORP NEW | COM | 284902509 |  | 2316990 | 113913 | SH |  | SOLE |  | 113913 | 0 | 0 |
| ENERFLEX LTD | COM | 29269R105 |  | 770441 | 97615 | SH |  | SOLE |  | 97615 | 0 | 0 |
| ENPHASE ENERGY INC | COM | 29355A107 |  | 462041 | 11653 | SH |  | SOLE |  | 11653 | 0 | 0 |
| EOG RES INC | COM | 26875P101 |  | 3738889 | 31259 | SH |  | SOLE |  | 31259 | 0 | 0 |
| EOS ENERGY ENTERPRISES INC | COM CL A | 29415C101 |  | 1181123 | 230688 | SH |  | SOLE |  | 230688 | 0 | 0 |
| EQT CORP | COM | 26884L109 |  | 287868 | 4936 | SH |  | SOLE |  | 4936 | 0 | 0 |
| ERO COPPER CORP | COM | 296006109 |  | 1331069 | 78824 | SH |  | SOLE |  | 78824 | 0 | 0 |
| ESSENTIAL UTILS INC | COM | 29670G102 |  | 891211 | 23996 | SH |  | SOLE |  | 23996 | 0 | 0 |
| EXPRO GROUP HOLDINGS NV | COM | N3144W105 |  | 1622883 | 188927 | SH |  | SOLE |  | 188927 | 0 | 0 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 436806 | 4052 | SH |  | SOLE |  | 4052 | 0 | 0 |
| FINANCIAL INVS TR | CORECOMMODITY NA | 31761T886 |  | 347782961 | 13330125 | SH |  | SOLE |  | 13330125 | 0 | 0 |
| FIRST SOLAR INC | COM | 336433107 |  | 3710910 | 22417 | SH |  | SOLE |  | 22417 | 0 | 0 |
| FLEX LNG LTD | SHS | G35947202 |  | 934897 | 42534 | SH |  | SOLE |  | 42534 | 0 | 0 |
| FLUENCE ENERGY INC | COM CL A | 34379V103 |  | 67368 | 10040 | SH |  | SOLE |  | 10040 | 0 | 0 |
| FMC CORP | COM NEW | 302491303 |  | 2539611 | 60829 | SH |  | SOLE |  | 60829 | 0 | 0 |
| FREEPORT-MCMORAN INC | CL B | 35671D857 |  | 1149122 | 26508 | SH |  | SOLE |  | 26508 | 0 | 0 |
| FRESH DEL MONTE PRODUCE INC | ORD | G36738105 |  | 1047101 | 32298 | SH |  | SOLE |  | 32298 | 0 | 0 |
| GERDAU SA | SPON ADR REP PFD | 373737105 |  | 66120 | 22644 | SH |  | SOLE |  | 22644 | 0 | 0 |
| GOLD FIELDS LTD | SPONSORED ADR | 38059T106 |  | 289129 | 12215 | SH |  | SOLE |  | 12215 | 0 | 0 |
| H2O AMERICA | COM | 784305104 |  | 1429591 | 27508 | SH |  | SOLE |  | 27508 | 0 | 0 |
| HALLIBURTON CO | COM | 406216101 |  | 2216447 | 108756 | SH |  | SOLE |  | 108756 | 0 | 0 |
| HECLA MNG CO | COM | 422704106 |  | 5410485 | 903253 | SH |  | SOLE |  | 903253 | 0 | 0 |
| HELIX ENERGY SOLUTIONS GRP I | COM | 42330P107 |  | 1524800 | 244359 | SH |  | SOLE |  | 244359 | 0 | 0 |
| HELMERICH  PAYNE INC | COM | 423452101 |  | 2884842 | 190293 | SH |  | SOLE |  | 190293 | 0 | 0 |
| HESS CORP | COM | 42809H107 |  | 269737 | 1947 | SH |  | SOLE |  | 1947 | 0 | 0 |
| HIGHPEAK ENERGY INC | COM | 43114Q105 |  | 130605 | 13327 | SH |  | SOLE |  | 13327 | 0 | 0 |
| HORMEL FOODS CORP | COM | 440452100 |  | 2214754 | 73215 | SH |  | SOLE |  | 73215 | 0 | 0 |
| HUDBAY MINERALS INC | COM | 443628102 |  | 9034765 | 851598 | SH |  | SOLE |  | 851598 | 0 | 0 |
| IAMGOLD CORP | COM | 450913108 |  | 1491866 | 202975 | SH |  | SOLE |  | 202975 | 0 | 0 |
| ICL GROUP LTD | SHS | M53213100 |  | 602557 | 87581 | SH |  | SOLE |  | 87581 | 0 | 0 |
| INGREDION INC | COM | 457187102 |  | 3249184 | 23958 | SH |  | SOLE |  | 23958 | 0 | 0 |
| JINKOSOLAR HLDG CO LTD | SPONSORED ADR | 47759T100 |  | 5109246 | 240775 | SH |  | SOLE |  | 240775 | 0 | 0 |
| KINROSS GOLD CORP | COM | 496902404 |  | 1560155 | 99818 | SH |  | SOLE |  | 99818 | 0 | 0 |
| KODIAK GAS SVCS INC | COM | 50012A108 |  | 597635 | 17439 | SH |  | SOLE |  | 17439 | 0 | 0 |
| LIBERTY ENERGY INC | COM CL A | 53115L104 |  | 2881239 | 250979 | SH |  | SOLE |  | 250979 | 0 | 0 |
| MAGNOLIA OIL  GAS CORP | CL A | 559663109 |  | 2504654 | 111417 | SH |  | SOLE |  | 111417 | 0 | 0 |
| MATADOR RES CO | COM | 576485205 |  | 4737212 | 99271 | SH |  | SOLE |  | 99271 | 0 | 0 |
| METALLUS INC | COM | 887399103 |  | 325059 | 21094 | SH |  | SOLE |  | 21094 | 0 | 0 |
| MOSAIC CO NEW | COM | 61945C103 |  | 579667 | 15890 | SH |  | SOLE |  | 15890 | 0 | 0 |
| MP MATERIALS CORP | COM CL A | 553368101 |  | 286322 | 8606 | SH |  | SOLE |  | 8606 | 0 | 0 |
| MURPHY OIL CORP | COM | 626717102 |  | 6409643 | 284873 | SH |  | SOLE |  | 284873 | 0 | 0 |
| NATIONAL FUEL GAS CO | COM | 636180101 |  | 315714 | 3727 | SH |  | SOLE |  | 3727 | 0 | 0 |
| NEWMONT CORP | COM | 651639106 |  | 3666360 | 62931 | SH |  | SOLE |  | 62931 | 0 | 0 |
| NEXGEN ENERGY LTD | COM | 65340P106 |  | 794733 | 114498 | SH |  | SOLE |  | 114498 | 0 | 0 |
| NOBLE CORP PLC | ORD SHS A | G65431127 |  | 1170935 | 44103 | SH |  | SOLE |  | 44103 | 0 | 0 |
| NORTHERN OIL  GAS INC | COM | 665531307 |  | 990379 | 34934 | SH |  | SOLE |  | 34934 | 0 | 0 |
| NOV INC | COM | 62955J103 |  | 605229 | 48691 | SH |  | SOLE |  | 48691 | 0 | 0 |
| NPK INTERNATIONAL INC | COM SHS | 651718504 |  | 754726 | 88687 | SH |  | SOLE |  | 88687 | 0 | 0 |
| NUTRIEN LTD | COM | 67077M108 |  | 961299 | 16502 | SH |  | SOLE |  | 16502 | 0 | 0 |
| OCCIDENTAL PETE CORP | COM | 674599105 |  | 316923 | 7544 | SH |  | SOLE |  | 7544 | 0 | 0 |
| OCEANEERING INTL INC | COM | 675232102 |  | 2031617 | 98051 | SH |  | SOLE |  | 98051 | 0 | 0 |
| PAN AMERN SILVER CORP | COM | 697900108 |  | 1389574 | 48929 | SH |  | SOLE |  | 48929 | 0 | 0 |
| PATTERSON-UTI ENERGY INC | COM | 703481101 |  | 2731601 | 460641 | SH |  | SOLE |  | 460641 | 0 | 0 |
| PERMIAN RESOURCES CORP | CLASS A COM | 71424F105 |  | 2698040 | 198094 | SH |  | SOLE |  | 198094 | 0 | 0 |
| PETROLEO BRASILEIRO SA PETRO | SPONSORED ADR | 71654V408 |  | 150921 | 12064 | SH |  | SOLE |  | 12064 | 0 | 0 |
| PILGRIMS PRIDE CORP | COM | 72147K108 |  | 3476864 | 77298 | SH |  | SOLE |  | 77298 | 0 | 0 |
| POTLATCHDELTIC CORPORATION | COM | 737630103 |  | 1095962 | 28563 | SH |  | SOLE |  | 28563 | 0 | 0 |
| PRECISION DRILLING CORP | COM NEW | 74022D407 |  | 672255 | 14198 | SH |  | SOLE |  | 14198 | 0 | 0 |
| PROPETRO HLDG CORP | COM | 74347M108 |  | 2564097 | 429497 | SH |  | SOLE |  | 429497 | 0 | 0 |
| RAMACO RES INC | COM CL A | 75134P600 |  | 423568 | 32235 | SH |  | SOLE |  | 32235 | 0 | 0 |
| RAYONIER INC | COM | 754907103 |  | 310964 | 14020 | SH |  | SOLE |  | 14020 | 0 | 0 |
| RENEW ENERGY GLOBAL PLC | CL A SHS | G7500M104 |  | 838812 | 121391 | SH |  | SOLE |  | 121391 | 0 | 0 |
| REX AMERICAN RES CORP | COM | 761624105 |  | 544042 | 11169 | SH |  | SOLE |  | 11169 | 0 | 0 |
| RIO TINTO PLC | SPONSORED ADR | 767204100 |  | 340472 | 5837 | SH |  | SOLE |  | 5837 | 0 | 0 |
| ROYAL GOLD INC | COM | 780287108 |  | 770403 | 4332 | SH |  | SOLE |  | 4332 | 0 | 0 |
| RPC INC | COM | 749660106 |  | 1182968 | 250099 | SH |  | SOLE |  | 250099 | 0 | 0 |
| SANDRIDGE ENERGY INC | COM NEW | 80007P869 |  | 1115455 | 103092 | SH |  | SOLE |  | 103092 | 0 | 0 |
| SCHLUMBERGER LTD | COM STK | 806857108 |  | 680056 | 20120 | SH |  | SOLE |  | 20120 | 0 | 0 |
| SELECT WATER SOLUTIONS INC | CL A COM | 81617J301 |  | 1486236 | 172018 | SH |  | SOLE |  | 172018 | 0 | 0 |
| SHOALS TECHNOLOGIES GROUP IN | CL A | 82489W107 |  | 3210752 | 755471 | SH |  | SOLE |  | 755471 | 0 | 0 |
| SITIO ROYALTIES CORP | CLASS A COM | 82983N108 |  | 1732848 | 94279 | SH |  | SOLE |  | 94279 | 0 | 0 |
| SM ENERGY CO | COM | 78454L100 |  | 2897569 | 117263 | SH |  | SOLE |  | 117263 | 0 | 0 |
| SOLARIS ENERGY INFRAS INC | COM CL A | 83418M103 |  | 1456454 | 51483 | SH |  | SOLE |  | 51483 | 0 | 0 |
| SOUTHERN COPPER CORP | COM | 84265V105 |  | 5080353 | 50216 | SH |  | SOLE |  | 50216 | 0 | 0 |
| SUNCOKE ENERGY INC | COM | 86722A103 |  | 465011 | 54134 | SH |  | SOLE |  | 54134 | 0 | 0 |
| SUNCOR ENERGY INC NEW | COM | 867224107 |  | 3048849 | 81360 | SH |  | SOLE |  | 81360 | 0 | 0 |
| TALOS ENERGY INC | COM | 87484T108 |  | 2875653 | 339110 | SH |  | SOLE |  | 339110 | 0 | 0 |
| TECK RESOURCES LTD | CL B | 878742204 |  | 7253398 | 179627 | SH |  | SOLE |  | 179627 | 0 | 0 |
| TERNIUM SA | SPONSORED ADS | 880890108 |  | 1066864 | 35444 | SH |  | SOLE |  | 35444 | 0 | 0 |
| TIDEWATER INC NEW | COM | 88642R109 |  | 2528800 | 54819 | SH |  | SOLE |  | 54819 | 0 | 0 |
| TITAN INTL INC ILL | COM | 88830M102 |  | 911596 | 88763 | SH |  | SOLE |  | 88763 | 0 | 0 |
| TYSON FOODS INC | CL A | 902494103 |  | 4122890 | 73702 | SH |  | SOLE |  | 73702 | 0 | 0 |
| VAALCO ENERGY INC | COM NEW | 91851C201 |  | 255274 | 70713 | SH |  | SOLE |  | 70713 | 0 | 0 |
| VALE S A | SPONSORED ADS | 91912E105 |  | 222388 | 22903 | SH |  | SOLE |  | 22903 | 0 | 0 |
| VERALTO CORP | COM SHS | 92338C103 |  | 1066941 | 10569 | SH |  | SOLE |  | 10569 | 0 | 0 |
| VERMILION ENERGY INC | COM | 923725105 |  | 2419007 | 331464 | SH |  | SOLE |  | 331464 | 0 | 0 |
| VIPER ENERGY INC | CL A | 927959106 |  | 1169828 | 30680 | SH |  | SOLE |  | 30680 | 0 | 0 |
| WARRIOR MET COAL INC | COM | 93627C101 |  | 3050078 | 66552 | SH |  | SOLE |  | 66552 | 0 | 0 |
| WEST FRASER TIMBER CO LTD | COM | 952845105 |  | 3521572 | 48032 | SH |  | SOLE |  | 48032 | 0 | 0 |

---