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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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 FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
ADVANCED ENERGY INDS COM 007973100   526,601 4,725 SH   SOLE   4,725 0 0
AERCAP HOLDINGS NV SHS N00985106   5,493,400 86,483 SH   OTR 1 86,483 0 0
AGNICO EAGLE MINES LTD COM 008474108   474,810 9,500 SH   OTR 1 9,500 0 0
ALAMOS GOLD INCORPORATED COM CL A 011532108   476,800 40,000 SH   OTR 1 40,000 0 0
ALLISON TRANSMISSION HLDGS INC COM 01973R101   3,436,890 60,873 SH   OTR 1 60,873 0 0
ALPHA TAU MEDICAL LTD *W EXP 03/07/2028 M0740A116   19,755 50,000 SH   OTR 1 50,000 0 0
AMERICAN EAGLE OUTFITTERS IN COM 02553E106   1,522,849 129,055 SH   OTR 1 129,055 0 0
AMERICAN EAGLE OUTFITTERS IN COM 02553E106   5,192 440 SH   SOLE   440 0 0
AMREP CORP COM 032159105   8,739,310 487,141 SH   OTR 1 487,141 0 0
AMREP CORP COM 032159105   391,821 21,841 SH   SOLE   21,841 0 0
APPLE INC COM 037833100   202,009 1,041 SH   SOLE   1,041 0 0
ATKORE INC COM 047649108   857,670 5,500 SH   OTR 1 5,500 0 0
BLUEGREEN VACATIONS HLDG CORP CL A 096308101   2,999,021 84,124 SH   OTR 1 84,124 0 0
BLUEGREEN VACATIONS HLDG CORP CL A 096308101   130,693 3,666 SH   SOLE   3,666 0 0
BUILDERS FIRSTSOURCE INC COM 12008R107   90,475,768 665,263 SH   OTR 1 665,263 0 0
BUILDERS FIRSTSOURCE INC COM 12008R107   14,653,592 107,747 SH   SOLE   107,747 0 0
CACI INTL INC CL A 127190304   1,158,856 3,400 SH   OTR 1 3,400 0 0
CANADIAN NAT RES LTD COM 136385101   7,725,736 137,322 SH   OTR 1 137,322 0 0
CANADIAN NAT RES LTD COM 136385101   1,432,323 25,459 SH   SOLE   25,459 0 0
CANADIAN SOLAR INC COM 136635109   6,561,282 169,586 SH   OTR 1 169,586 0 0
CAVCO INDS INC DEL COM 149568107   13,236,060 44,868 SH   OTR 1 44,868 0 0
CAVCO INDS INC DEL COM 149568107   1,940,215 6,577 SH   SOLE   6,577 0 0
CENTRAL SECS CORP COM 155123102   335,089 9,178 SH   OTR 1 9,178 0 0
CGI INC CL A SUB VTG 12532H104   1,159,730 11,000 SH   OTR 1 11,000 0 0
CHEMOURS CO COM 163851108   4,409,978 119,544 SH   OTR 1 119,544 0 0
DANA INC COM 235825205   7,192,751 423,103 SH   OTR 1 423,103 0 0
DANA INC COM 235825205   59,500 3,500 SH   SOLE   3,500 0 0
DORCHESTER MINERALS LP COM UNIT 25820R105   149,800 5,000 SH   OTR 1 5,000 0 0
DORCHESTER MINERALS LP COM UNIT 25820R105   75,649 2,525 SH   SOLE   2,525 0 0
FIVE POINT HOLDINGS LLC COM CL A 33833Q106   161,976 56,047 SH   OTR 1 56,047 0 0
FIVE POINT HOLDINGS LLC COM CL A 33833Q106   5,780 2,000 SH   SOLE   2,000 0 0
FRANCO NEV CORP COM 351858105   784,300 5,500 SH   OTR 1 5,500 0 0
FRP HLDGS INC COM 30292L107   1,324,110 23,000 SH   OTR 1 23,000 0 0
GRAFTECH INTL LTD COM 384313508   3,938,775 781,503 SH   OTR 1 781,503 0 0
GRAFTECH INTL LTD COM 384313508   1,008 200 SH   SOLE   200 0 0
HORIZON TECHNOLOGY FIN CORP COM 44045A102   392,600 32,500 SH   OTR 1 32,500 0 0
IAC INC COM NEW 44891N208   251,200 4,000 SH   OTR 1 4,000 0 0
INSTEEL INDS INC COM 45774W108   7,880,082 253,216 SH   OTR 1 253,216 0 0
INTERNATIONAL SEAWAYS INC COM Y41053102   382,400 10,000 SH   OTR 1 10,000 0 0
JEFFERIES FINL GROUP INC COM 47233W109   12,942,735 390,194 SH   OTR 1 390,194 0 0
JEFFERIES FINL GROUP INC COM 47233W109   1,311,475 39,538 SH   SOLE   39,538 0 0
LEGACY HOUSING CORP COM 52472M101   4,321,225 186,340 SH   OTR 1 186,340 0 0
LINCOLN ELEC HLDGS INC COM 533900106   10,053,657 50,615 SH   OTR 1 50,615 0 0
LINCOLN ELEC HLDGS INC COM 533900106   34,760 175 SH   SOLE   175 0 0
LOUISIANA PAC CORP COM 546347105   5,428,777 72,403 SH   OTR 1 72,403 0 0
LSB INDS INC COM 502160104   26,885,417 2,729,484 SH   OTR 1 2,729,484 0 0
LSB INDS INC COM 502160104   400,737 40,684 SH   SOLE   40,684 0 0
MERCK & CO INC COM 58933Y105   346,170 3,000 SH   OTR 1 3,000 0 0
METHODE ELECTRS INC COM 591520200   3,591,433 107,143 SH   OTR 1 107,143 0 0
MORGAN STANLEY COM NEW 617446448   597,800 7,000 SH   OTR 1 7,000 0 0
MORGAN STANLEY COM NEW 617446448   18,361 215 SH   SOLE   215 0 0
NOBLE CORP PLC ORD SHS A G65431127   15,344,682 371,452 SH   OTR 1 371,452 0 0
OLIN CORP COM PAR $1 680665205   6,001,119 116,776 SH   OTR 1 116,776 0 0
OLIN CORP COM PAR $1 680665205   18,243 355 SH   SOLE   355 0 0
PETROLEO BRASILEIRO SA PETRO SPONSORED ADR 71654V408   691,500 50,000 SH   OTR 1 50,000 0 0
PHX MINERALS INC CL A 69291A100   39,736 12,736 SH   OTR 1 12,736 0 0
PHX MINERALS INC CL A 69291A100   38,616 12,377 SH   SOLE   12,377 0 0
PREFORMED LINE PRODS CO COM 740444104   1,561,000 10,000 SH   OTR 1 10,000 0 0
PROSHARES TR SHORT QQQ NEW 74347B714   158,550 15,000 SH   OTR 1 15,000 0 0
RADNET INC COM 750491102   9,594,879 294,141 SH   OTR 1 294,141 0 0
RADNET INC COM 750491102   88,074 2,700 SH   SOLE   2,700 0 0
RYERSON HLDG CORP COM 783754104   433,800 10,000 SH   OTR 1 10,000 0 0
SEA LTD SPONSORED ADS 81141R100   1,451,000 25,000 SH   OTR 1 25,000 0 0
SEACOR MARINE HLDGS INC COM 78413P101   7,703,866 674,004 SH   OTR 1 674,004 0 0
SEACOR MARINE HLDGS INC COM 78413P101   6,252 547 SH   SOLE   547 0 0
SENECA FOODS CORP NEW CL A 817070501   760,398 23,268 SH   OTR 1 23,268 0 0
SENECA FOODS CORP NEW CL A 817070501   3,595 110 SH   SOLE   110 0 0
SKYLINE CHAMPION CORPORATION COM 830830105   18,754,501 286,547 SH   OTR 1 286,547 0 0
SPOTIFY TECHNOLOGY S A SHS L8681T102   4,655,950 29,000 SH   OTR 1 29,000 0 0
TECHNIPFMC PLC COM G87110105   9,393,890 565,216 SH   OTR 1 565,216 0 0
TECHNIPFMC PLC COM G87110105   23,684 1,425 SH   SOLE   1,425 0 0
TECK RESOURCES INC CL B 878742204   4,210,000 100,000 SH   OTR 1 100,000 0 0
TIDEWATER INC COM 88642R109   197,897,737 3,569,584 SH   OTR 1 3,569,584 0 0
TIDEWATER INC COM 88642R109   8,923,345 160,955 SH   SOLE   160,955 0 0
TIDEWATER INC *W EXP 07/31/2023 88642R117   93,960 81,000 SH   OTR 1 81,000 0 0
TIDEWATER INC *W EXP 07/31/2023 88642R117   1,317 1,135 SH   SOLE   1,135 0 0
TIDEWATER INC *W EXP 07/31/2023 88642R125   47,946 239,728 SH   OTR 1 239,728 0 0
TIDEWATER INC *W EXP 07/31/2023 88642R125   245 1,227 SH   SOLE   1,227 0 0
TRAVEL PLUS LEISURE CO COM 894164102   2,653,525 65,779 SH   OTR 1 65,779 0 0
UMH PRTYS INC COM 903002103   4,785,531 299,470 SH   OTR 1 299,470 0 0
UMH PRTYS INC COM 903002103   129,438 8,100 SH   SOLE   8,100 0 0
U HAUL HOLDING COMPANY COM 023586100   287,664 5,200 SH   OTR 1 5,200 0 0
U HAUL HOLDING COMPANY COM SER N 023586506   1,520,100 30,000 SH   OTR 1 30,000 0 0
VALARIS LIMITED CL A G9460G101   3,324,844 52,834 SH   OTR 1 52,834 0 0
WEST FRASER TIMBER CO LTD COM 952845105   28,691,440 333,699 SH   OTR 1 333,699 0 0
WEST FRASER TIMBER CO LTD COM 952845105   527,487 6,135 SH   SOLE   6,135 0 0
WESTERN DIGITAL CORP. COM 958102105   5,254,367 138,528 SH   OTR 1 138,528 0 0
WESTERN DIGITAL CORP. COM 958102105   75,860 2,000 SH   SOLE   2,000 0 0
WESTLAKE CORPORATION COM 960413102   26,903,927 225,194 SH   OTR 1 225,194 0 0
WESTLAKE CORPORATION COM 960413102   378,123 3,165 SH   SOLE   3,165 0 0