#	Issuer	Ticker	Shares	Value	% of Portfolio
1	VANECK ETF TRUST	92189F676	1,699,400	$443.0M	29.78%
2	APPLE INC	AAPL	1,924,700	$405.4M	27.25%
3	CHIPOTLE MEXICAN GRILL INC	CMG	2,240,000	$140.3M	9.43%
4	ISHARES SILVER TR	SLV	2,098,000	$55.7M	3.75%
5	SELECT SECTOR SPDR TR	81369Y407	250,000	$45.6M	3.07%
6	DECKERS OUTDOOR CORP	DECK	35,200	$34.1M	2.29%
7	VANGUARD SCOTTSDALE FDS	92206C102	484,669	$28.1M	1.89%
8	LINCOLN EDL SVCS CORP	533535100	2,349,295	$27.9M	1.87%
9	ADECOAGRO S A	AGRO	2,649,555	$25.8M	1.73%
10	VANECK ETF TRUST	92189F106	600,000	$20.4M	1.37%
11	VALARIS LTD	VAL-WT	235,822	$17.6M	1.18%
12	MITSUBISHI UFJ FINL GROUP IN	606822104	1,410,464	$15.2M	1.02%
13	AGNICO EAGLE MINES LTD	AEM	210,565	$13.8M	0.93%
14	VANECK ETF TRUST	92189F106	401,000	$13.6M	0.91%
15	EQUINOX GOLD CORP	EQX	2,325,521	$12.2M	0.82%
16	MAUI LD & PINEAPPLE INC	577345101	526,386	$11.6M	0.78%
17	ALAMOS GOLD INC NEW	AGI	735,795	$11.5M	0.78%
18	RANGE RES CORP	RRC	334,835	$11.2M	0.75%
19	NEW GOLD INC CDA	644535106	5,210,363	$10.2M	0.68%
20	MOSAIC CO NEW	MOS	332,209	$9.6M	0.65%