# EDGAR Filing Document

**Accession Number:** 0001301743
**File Stem:** 0001405086-23-000064
**Filing Date:** 2023-2
**Character Count:** 19007
**Document Hash:** 99b0789e9d166f03d6ccf0aebc12b619
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001405086-23-000064.hdr.sgml**: 20230214

**ACCESSION NUMBER**: 0001405086-23-000064

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230214

**DATE AS OF CHANGE**: 20230214

**EFFECTIVENESS DATE**: 20230214

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** CoreCommodity Management, LLC
- **CENTRAL INDEX KEY:** 0001301743
- **IRS NUMBER:** 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:** 23624106

**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:** 12-31-2022

**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  02-14-2023<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:** 155

**Form 13F Information Table Value Total:** $324226199

      (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 | L00849106 |  | 1664118 | 200738 | SH |  | SOLE |  | 200738 | 0 | 0 |
| AGCO CORP | COM | 001084102 |  | 6311088 | 45505 | SH |  | SOLE |  | 45505 | 0 | 0 |
| AGNICO EAGLE MINES LTD | COM | 008474108 |  | 6639417 | 127691 | SH |  | SOLE |  | 127691 | 0 | 0 |
| ALAMOS GOLD INC NEW | COM CL A | 011532108 |  | 1714838 | 169618 | SH |  | SOLE |  | 169618 | 0 | 0 |
| ALCOA CORP | COM | 013872106 |  | 1396975 | 30723 | SH |  | SOLE |  | 30723 | 0 | 0 |
| AMERESCO INC | CL A | 02361E108 |  | 1224910 | 21437 | SH |  | SOLE |  | 21437 | 0 | 0 |
| AMERICAN WTR WKS CO INC NEW | COM | 030420103 |  | 538043 | 3530 | SH |  | SOLE |  | 3530 | 0 | 0 |
| ANDERSONS INC | COM | 034164103 |  | 1746736 | 49921 | SH |  | SOLE |  | 49921 | 0 | 0 |
| ANGLOGOLD ASHANTI LIMITED | SPONSORED ADR | 035128206 |  | 1154771 | 59463 | SH |  | SOLE |  | 59463 | 0 | 0 |
| ARCELORMITTAL SA LUXEMBOURG | NY REGISTRY SH | 03938L203 |  | 419468 | 15998 | SH |  | SOLE |  | 15998 | 0 | 0 |
| ARCHER DANIELS MIDLAND CO | COM | 039483102 |  | 2514007 | 27076 | SH |  | SOLE |  | 27076 | 0 | 0 |
| ARCHROCK INC | COM | 03957W106 |  | 1521068 | 169384 | SH |  | SOLE |  | 169384 | 0 | 0 |
| ATI INC | COM | 01741R102 |  | 481851 | 16137 | SH |  | SOLE |  | 16137 | 0 | 0 |
| ATLANTICA SUSTAINABLE INFR P | SHS | G0751N103 |  | 2604970 | 100578 | SH |  | SOLE |  | 100578 | 0 | 0 |
| B2GOLD CORP | COM | 11777Q209 |  | 11501996 | 3225100 | SH |  | SOLE |  | 3225100 | 0 | 0 |
| BAKER HUGHES COMPANY | CL A | 05722G100 |  | 735031 | 24891 | SH |  | SOLE |  | 24891 | 0 | 0 |
| BARRICK GOLD CORP | COM | 067901108 |  | 520125 | 30275 | SH |  | SOLE |  | 30275 | 0 | 0 |
| BEYOND MEAT INC | COM | 08862E109 |  | 1277396 | 103769 | SH |  | SOLE |  | 103769 | 0 | 0 |
| BHP GROUP LTD | SPONSORED ADS | 088606108 |  | 276060 | 4449 | SH |  | SOLE |  | 4449 | 0 | 0 |
| BP PLC | SPONSORED ADR | 055622104 |  | 761090 | 21789 | SH |  | SOLE |  | 21789 | 0 | 0 |
| BUNGE LIMITED | COM | G16962105 |  | 3929242 | 39383 | SH |  | SOLE |  | 39383 | 0 | 0 |
| CAL MAINE FOODS INC | COM NEW | 128030202 |  | 1092430 | 20063 | SH |  | SOLE |  | 20063 | 0 | 0 |
| CALIFORNIA WTR SVC GROUP | COM | 130788102 |  | 2186739 | 36061 | SH |  | SOLE |  | 36061 | 0 | 0 |
| CALLON PETE CO DEL | COM | 13123X508 |  | 3276345 | 88335 | SH |  | SOLE |  | 88335 | 0 | 0 |
| CANADIAN NAT RES LTD | COM | 136385101 |  | 375841 | 6765 | SH |  | SOLE |  | 6765 | 0 | 0 |
| CANADIAN SOLAR INC | COM | 136635109 |  | 2737431 | 88590 | SH |  | SOLE |  | 88590 | 0 | 0 |
| CENOVUS ENERGY INC | COM | 15135U109 |  | 430980 | 22200 | SH |  | SOLE |  | 22200 | 0 | 0 |
| CENTERRA GOLD INC | COM | 152006102 |  | 1377466 | 265900 | SH |  | SOLE |  | 265900 | 0 | 0 |
| CENTURY ALUM CO | COM | 156431108 |  | 498743 | 60971 | SH |  | SOLE |  | 60971 | 0 | 0 |
| CF INDS HLDGS INC | COM | 125269100 |  | 3843883 | 45116 | SH |  | SOLE |  | 45116 | 0 | 0 |
| CHAMPIONX CORPORATION | COM | 15872M104 |  | 630677 | 21755 | SH |  | SOLE |  | 21755 | 0 | 0 |
| CHEMOURS CO | COM | 163851108 |  | 5034510 | 164419 | SH |  | SOLE |  | 164419 | 0 | 0 |
| CHEVRON CORP NEW | COM | 166764100 |  | 1498024 | 8346 | SH |  | SOLE |  | 8346 | 0 | 0 |
| CIVITAS RESOURCES INC | COM NEW | 17888H103 |  | 2814413 | 48583 | SH |  | SOLE |  | 48583 | 0 | 0 |
| CLEVELAND-CLIFFS INC NEW | COM | 185899101 |  | 632672 | 39272 | SH |  | SOLE |  | 39272 | 0 | 0 |
| CNH INDL N V | SHS | N20944109 |  | 4213245 | 262344 | SH |  | SOLE |  | 262344 | 0 | 0 |
| CNX RES CORP | COM | 12653C108 |  | 305090 | 18117 | SH |  | SOLE |  | 18117 | 0 | 0 |
| COMMERCIAL METALS CO | COM | 201723103 |  | 714550 | 14794 | SH |  | SOLE |  | 14794 | 0 | 0 |
| COMPANHIA DE SANEAMENTO BASI | SPONSORED ADR | 20441A102 |  | 1810100 | 169803 | SH |  | SOLE |  | 169803 | 0 | 0 |
| COMPANHIA SIDERURGICA NACION | SPONSORED ADR | 20440W105 |  | 58865 | 21328 | SH |  | SOLE |  | 21328 | 0 | 0 |
| COMPANIA DE MINAS BUENAVENTU | SPONSORED ADR | 204448104 |  | 1393530 | 187051 | SH |  | SOLE |  | 187051 | 0 | 0 |
| COMSTOCK RES INC | COM | 205768302 |  | 1265968 | 92339 | SH |  | SOLE |  | 92339 | 0 | 0 |
| CONOCOPHILLIPS | COM | 20825C104 |  | 3011950 | 25525 | SH |  | SOLE |  | 25525 | 0 | 0 |
| CORE LABORATORIES N V | COM | N22717107 |  | 1507358 | 74364 | SH |  | SOLE |  | 74364 | 0 | 0 |
| CORTEVA INC | COM | 22052L104 |  | 5720293 | 97317 | SH |  | SOLE |  | 97317 | 0 | 0 |
| COTERRA ENERGY INC | COM | 127097103 |  | 632702 | 25751 | SH |  | SOLE |  | 25751 | 0 | 0 |
| CRESCENT ENERGY COMPANY | CL A COM | 44952J104 |  | 377901 | 31518 | SH |  | SOLE |  | 31518 | 0 | 0 |
| CRESCENT PT ENERGY CORP | COM | 22576C101 |  | 4883612 | 684100 | SH |  | SOLE |  | 684100 | 0 | 0 |
| DAQO NEW ENERGY CORP | SPNSRD ADS NEW | 23703Q203 |  | 2123203 | 54991 | SH |  | SOLE |  | 54991 | 0 | 0 |
| DARLING INGREDIENTS INC | COM | 237266101 |  | 4028981 | 64371 | SH |  | SOLE |  | 64371 | 0 | 0 |
| DEERE  CO | COM | 244199105 |  | 5741954 | 13392 | SH |  | SOLE |  | 13392 | 0 | 0 |
| DEVON ENERGY CORP NEW | COM | 25179M103 |  | 2273410 | 36960 | SH |  | SOLE |  | 36960 | 0 | 0 |
| DIAMONDBACK ENERGY INC | COM | 25278X109 |  | 4371215 | 31958 | SH |  | SOLE |  | 31958 | 0 | 0 |
| EARTHSTONE ENERGY INC | CL A | 27032D304 |  | 1608047 | 113004 | SH |  | SOLE |  | 113004 | 0 | 0 |
| ELDORADO GOLD CORP NEW | COM | 284902509 |  | 1149968 | 137556 | SH |  | SOLE |  | 137556 | 0 | 0 |
| ENERPLUS CORP | COM | 292766102 |  | 505690 | 28651 | SH |  | SOLE |  | 28651 | 0 | 0 |
| ENI S P A | SPONSORED ADR | 26874R108 |  | 2093126 | 73033 | SH |  | SOLE |  | 73033 | 0 | 0 |
| ENPHASE ENERGY INC | COM | 29355A107 |  | 2198903 | 8299 | SH |  | SOLE |  | 8299 | 0 | 0 |
| ENTERPRISE PRODS PARTNERS L | COM | 293792107 |  | 261702 | 10850 | SH |  | SOLE |  | 10850 | 0 | 0 |
| EOG RES INC | COM | 26875P101 |  | 791367 | 6110 | SH |  | SOLE |  | 6110 | 0 | 0 |
| ERO COPPER CORP | COM | 296006109 |  | 378811 | 27500 | SH |  | SOLE |  | 27500 | 0 | 0 |
| ESSENTIAL UTILS INC | COM | 29670G102 |  | 1148957 | 24072 | SH |  | SOLE |  | 24072 | 0 | 0 |
| EXPRO GROUP HOLDINGS NV | COM | N3144W105 |  | 279982 | 15443 | SH |  | SOLE |  | 15443 | 0 | 0 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 1801309 | 16331 | SH |  | SOLE |  | 16331 | 0 | 0 |
| FIRST MAJESTIC SILVER CORP | COM | 32076V103 |  | 1396992 | 167505 | SH |  | SOLE |  | 167505 | 0 | 0 |
| FIRST SOLAR INC | COM | 336433107 |  | 2065005 | 13786 | SH |  | SOLE |  | 13786 | 0 | 0 |
| FMC CORP | COM NEW | 302491303 |  | 3581136 | 28695 | SH |  | SOLE |  | 28695 | 0 | 0 |
| FREEPORT-MCMORAN INC | CL B | 35671D857 |  | 3071464 | 80828 | SH |  | SOLE |  | 80828 | 0 | 0 |
| GOLD FIELDS LTD | SPONSORED ADR | 38059T106 |  | 8321545 | 804014 | SH |  | SOLE |  | 804014 | 0 | 0 |
| GREEN PLAINS INC | COM | 393222104 |  | 1407453 | 46146 | SH |  | SOLE |  | 46146 | 0 | 0 |
| HALLIBURTON CO | COM | 406216101 |  | 2255188 | 57311 | SH |  | SOLE |  | 57311 | 0 | 0 |
| HECLA MNG CO | COM | 422704106 |  | 2357907 | 424084 | SH |  | SOLE |  | 424084 | 0 | 0 |
| HELMERICH  PAYNE INC | COM | 423452101 |  | 1871961 | 37764 | SH |  | SOLE |  | 37764 | 0 | 0 |
| HESS CORP | COM | 42809H107 |  | 911903 | 6430 | SH |  | SOLE |  | 6430 | 0 | 0 |
| HF SINCLAIR CORP | COM | 403949100 |  | 1161817 | 22390 | SH |  | SOLE |  | 22390 | 0 | 0 |
| HORMEL FOODS CORP | COM | 440452100 |  | 4612484 | 101262 | SH |  | SOLE |  | 101262 | 0 | 0 |
| HUDBAY MINERALS INC | COM | 443628102 |  | 2211458 | 437500 | SH |  | SOLE |  | 437500 | 0 | 0 |
| ICL GROUP LTD | SHS | M53213100 |  | 1228891 | 168111 | SH |  | SOLE |  | 168111 | 0 | 0 |
| INGREDION INC | COM | 457187102 |  | 2457749 | 25097 | SH |  | SOLE |  | 25097 | 0 | 0 |
| JINKOSOLAR HLDG CO LTD | SPONSORED ADR | 47759T100 |  | 1479079 | 36181 | SH |  | SOLE |  | 36181 | 0 | 0 |
| KINROSS GOLD CORP | COM | 496902404 |  | 5322121 | 1301252 | SH |  | SOLE |  | 1301252 | 0 | 0 |
| KOSMOS ENERGY LTD | COM | 500688106 |  | 150592 | 23678 | SH |  | SOLE |  | 23678 | 0 | 0 |
| LAREDO PETROLEUM INC | COM | 516806205 |  | 2253173 | 43819 | SH |  | SOLE |  | 43819 | 0 | 0 |
| LIBERTY ENERGY INC | COM CL A | 53115L104 |  | 1315157 | 82146 | SH |  | SOLE |  | 82146 | 0 | 0 |
| LIVENT CORP | COM | 53814L108 |  | 602359 | 30315 | SH |  | SOLE |  | 30315 | 0 | 0 |
| MAG SILVER CORP | COM | 55903Q104 |  | 202002 | 12924 | SH |  | SOLE |  | 12924 | 0 | 0 |
| MAGNOLIA OIL  GAS CORP | CL A | 559663109 |  | 1615025 | 68871 | SH |  | SOLE |  | 68871 | 0 | 0 |
| MARATHON OIL CORP | COM | 565849106 |  | 3954846 | 146097 | SH |  | SOLE |  | 146097 | 0 | 0 |
| MARATHON PETE CORP | COM | 56585A102 |  | 2882166 | 24763 | SH |  | SOLE |  | 24763 | 0 | 0 |
| MATADOR RES CO | COM | 576485205 |  | 3492270 | 61011 | SH |  | SOLE |  | 61011 | 0 | 0 |
| MOSAIC CO NEW | COM | 61945C103 |  | 809138 | 18444 | SH |  | SOLE |  | 18444 | 0 | 0 |
| MP MATERIALS CORP | COM CL A | 553368101 |  | 839821 | 34589 | SH |  | SOLE |  | 34589 | 0 | 0 |
| MRC GLOBAL INC | COM | 55345K103 |  | 238050 | 20557 | SH |  | SOLE |  | 20557 | 0 | 0 |
| MURPHY OIL CORP | COM | 626717102 |  | 2800940 | 65123 | SH |  | SOLE |  | 65123 | 0 | 0 |
| NATIONAL FUEL GAS CO | COM | 636180101 |  | 203510 | 3215 | SH |  | SOLE |  | 3215 | 0 | 0 |
| NEWMONT CORP | COM | 651639106 |  | 8196280 | 173650 | SH |  | SOLE |  | 173650 | 0 | 0 |
| NEXGEN ENERGY LTD | COM | 65340P106 |  | 1257157 | 284000 | SH |  | SOLE |  | 284000 | 0 | 0 |
| NORTHERN OIL AND GAS INC MN | COM | 665531307 |  | 203320 | 6597 | SH |  | SOLE |  | 6597 | 0 | 0 |
| NOV INC | COM | 62955J103 |  | 705393 | 33767 | SH |  | SOLE |  | 33767 | 0 | 0 |
| NOVAGOLD RES INC | COM NEW | 66987E206 |  | 251465 | 42051 | SH |  | SOLE |  | 42051 | 0 | 0 |
| NOW INC | COM | 67011P100 |  | 548691 | 43204 | SH |  | SOLE |  | 43204 | 0 | 0 |
| NUTRIEN LTD | COM | 67077M108 |  | 1186847 | 16249 | SH |  | SOLE |  | 16249 | 0 | 0 |
| OCCIDENTAL PETE CORP | COM | 674599105 |  | 299895 | 4761 | SH |  | SOLE |  | 4761 | 0 | 0 |
| OCEANEERING INTL INC | COM | 675232102 |  | 2251838 | 128750 | SH |  | SOLE |  | 128750 | 0 | 0 |
| PAN AMERN SILVER CORP | COM | 697900108 |  | 5297540 | 324207 | SH |  | SOLE |  | 324207 | 0 | 0 |
| PATTERSON-UTI ENERGY INC | COM | 703481101 |  | 1722496 | 102286 | SH |  | SOLE |  | 102286 | 0 | 0 |
| PDC ENERGY INC | COM | 69327R101 |  | 2459152 | 38739 | SH |  | SOLE |  | 38739 | 0 | 0 |
| PENTAIR PLC | SHS | G7S00T104 |  | 914938 | 20341 | SH |  | SOLE |  | 20341 | 0 | 0 |
| PERMIAN RESOURCES CORP | CLASS A COM | 71424F105 |  | 609505 | 64841 | SH |  | SOLE |  | 64841 | 0 | 0 |
| PETROLEO BRASILEIRO SA PETRO | SPONSORED ADR | 71654V408 |  | 1360814 | 127776 | SH |  | SOLE |  | 127776 | 0 | 0 |
| PHILLIPS 66 | COM | 718546104 |  | 885721 | 8510 | SH |  | SOLE |  | 8510 | 0 | 0 |
| PILGRIMS PRIDE CORP | COM | 72147K108 |  | 2179980 | 91866 | SH |  | SOLE |  | 91866 | 0 | 0 |
| PIONEER NAT RES CO | COM | 723787107 |  | 4775178 | 20908 | SH |  | SOLE |  | 20908 | 0 | 0 |
| POTLATCHDELTIC CORPORATION | COM | 737630103 |  | 4686915 | 106545 | SH |  | SOLE |  | 106545 | 0 | 0 |
| RANGE RES CORP | COM | 75281A109 |  | 1382805 | 55268 | SH |  | SOLE |  | 55268 | 0 | 0 |
| RAYONIER INC | COM | 754907103 |  | 3196230 | 96973 | SH |  | SOLE |  | 96973 | 0 | 0 |
| RELIANCE STEEL  ALUMINUM CO | COM | 759509102 |  | 2261457 | 11171 | SH |  | SOLE |  | 11171 | 0 | 0 |
| RIO TINTO PLC | SPONSORED ADR | 767204100 |  | 2221867 | 31206 | SH |  | SOLE |  | 31206 | 0 | 0 |
| ROYAL GOLD INC | COM | 780287108 |  | 1053143 | 9343 | SH |  | SOLE |  | 9343 | 0 | 0 |
| RPC INC | COM | 749660106 |  | 930907 | 104714 | SH |  | SOLE |  | 104714 | 0 | 0 |
| SANDRIDGE ENERGY INC | COM NEW | 80007P869 |  | 332460 | 19522 | SH |  | SOLE |  | 19522 | 0 | 0 |
| SCHLUMBERGER LTD | COM STK | 806857108 |  | 2284292 | 42729 | SH |  | SOLE |  | 42729 | 0 | 0 |
| SITIO ROYALTIES CORP | CLASS A COM | 82983N108 |  | 1733250 | 60078 | SH |  | SOLE |  | 60078 | 0 | 0 |
| SM ENERGY CO | COM | 78454L100 |  | 3434726 | 98614 | SH |  | SOLE |  | 98614 | 0 | 0 |
| SOCIEDAD QUIMICA Y MINERA DE | SPON ADR SER B | 833635105 |  | 851414 | 10664 | SH |  | SOLE |  | 10664 | 0 | 0 |
| SOUTHERN COPPER CORP | COM | 84265V105 |  | 2771056 | 45886 | SH |  | SOLE |  | 45886 | 0 | 0 |
| SOUTHWESTERN ENERGY CO | COM | 845467109 |  | 1789597 | 305914 | SH |  | SOLE |  | 305914 | 0 | 0 |
| SSR MNG INC | COM | 784730103 |  | 4843439 | 309101 | SH |  | SOLE |  | 309101 | 0 | 0 |
| STEEL DYNAMICS INC | COM | 858119100 |  | 1271663 | 13016 | SH |  | SOLE |  | 13016 | 0 | 0 |
| SUNCOKE ENERGY INC | COM | 86722A103 |  | 465131 | 53897 | SH |  | SOLE |  | 53897 | 0 | 0 |
| SUNCOR ENERGY INC NEW | COM | 867224107 |  | 2726470 | 85900 | SH |  | SOLE |  | 85900 | 0 | 0 |
| SUNPOWER CORP | COM | 867652406 |  | 377566 | 20941 | SH |  | SOLE |  | 20941 | 0 | 0 |
| TALOS ENERGY INC | COM | 87484T108 |  | 3870891 | 205026 | SH |  | SOLE |  | 205026 | 0 | 0 |
| TECK RESOURCES LTD | CL B | 878742204 |  | 7839010 | 207266 | SH |  | SOLE |  | 207266 | 0 | 0 |
| TELLURIAN INC NEW | COM | 87968A104 |  | 114425 | 68110 | SH |  | SOLE |  | 68110 | 0 | 0 |
| TENARIS S A | SPONSORED ADS | 88031M109 |  | 976885 | 27784 | SH |  | SOLE |  | 27784 | 0 | 0 |
| TERNIUM SA | SPONSORED ADS | 880890108 |  | 2688547 | 87976 | SH |  | SOLE |  | 87976 | 0 | 0 |
| TIDEWATER INC NEW | COM | 88642R109 |  | 1483065 | 40246 | SH |  | SOLE |  | 40246 | 0 | 0 |
| TIMKENSTEEL CORPORATION | COM | 887399103 |  | 1435121 | 78983 | SH |  | SOLE |  | 78983 | 0 | 0 |
| TOTALENERGIES SE | SPONSORED ADS | 89151E109 |  | 1095029 | 17639 | SH |  | SOLE |  | 17639 | 0 | 0 |
| TRANSOCEAN LTD | REG SHS | H8817H100 |  | 2064531 | 452748 | SH |  | SOLE |  | 452748 | 0 | 0 |
| TRONOX HOLDINGS PLC | SHS | G9087Q102 |  | 266276 | 19422 | SH |  | SOLE |  | 19422 | 0 | 0 |
| TYSON FOODS INC | CL A | 902494103 |  | 2651912 | 42601 | SH |  | SOLE |  | 42601 | 0 | 0 |
| U S SILICA HLDGS INC | COM | 90346E103 |  | 1948750 | 155900 | SH |  | SOLE |  | 155900 | 0 | 0 |
| UNITED STATES STL CORP NEW | COM | 912909108 |  | 3924834 | 156680 | SH |  | SOLE |  | 156680 | 0 | 0 |
| VALE S A | SPONSORED ADS | 91912E105 |  | 2410181 | 142026 | SH |  | SOLE |  | 142026 | 0 | 0 |
| VALERO ENERGY CORP | COM | 91913Y100 |  | 2037625 | 16062 | SH |  | SOLE |  | 16062 | 0 | 0 |
| VERMILION ENERGY INC | COM | 923725105 |  | 5576314 | 314800 | SH |  | SOLE |  | 314800 | 0 | 0 |
| VIPER ENERGY PARTNERS LP | COM UNT RP INT | 92763M105 |  | 390477 | 12283 | SH |  | SOLE |  | 12283 | 0 | 0 |
| W  T OFFSHORE INC | COM | 92922P106 |  | 2932870 | 525604 | SH |  | SOLE |  | 525604 | 0 | 0 |
| WARRIOR MET COAL INC | COM | 93627C101 |  | 275977 | 7967 | SH |  | SOLE |  | 7967 | 0 | 0 |
| WEYERHAEUSER CO MTN BE | COM NEW | 962166104 |  | 1326614 | 42794 | SH |  | SOLE |  | 42794 | 0 | 0 |
| WHEATON PRECIOUS METALS CORP | COM | 962879102 |  | 1392694 | 35637 | SH |  | SOLE |  | 35637 | 0 | 0 |
| WORTHINGTON INDS INC | COM | 981811102 |  | 209577 | 4216 | SH |  | SOLE |  | 4216 | 0 | 0 |
| YAMANA GOLD INC | COM | 98462Y100 |  | 4505651 | 811829 | SH |  | SOLE |  | 811829 | 0 | 0 |

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