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
Qurate Retail Inc Preferred 03 PFD 74915M308 147 1,700 SH   SOLE   1,700 0 0
AGNC Investment Corp PFD 00123q500 348 14,000 SH   SOLE   14,000 0 0
Blueknight Energy Partners PFD 09625u208 279 33,000 SH   SOLE   33,000 0 0
Wells Fargo & Company FPP PFD 949746804 291 220 SH   SOLE   220 0 0
Abbott Laboratories COM 002824100 118 1,000 SH   SOLE   1,000 0 0
AbbVie Inc COM 00287y109 162 1,000 SH   SOLE   1,000 0 0
Agent Information Software COM 00847D108 1 585 SH   SOLE   585 0 0
Alleghany Corporation COM 017175100 3,698 4,366 SH   SOLE   4,366 0 0
Apex Escrow Note COM 8amcsg732 0 8,497 SH   SOLE   8,497 0 0
Astronics Corporation COM 046433108 1,021 78,984 SH   SOLE   78,984 0 0
Astronics Corporation COM 046433108 517 40,000 SH   DFND   0 0 40,000
Axalta Coating Systems Ltd COM g0750c108 4,578 186,237 SH   SOLE   186,237 0 0
AZZ Inc COM 002474104 9,497 196,880 SH   SOLE   196,880 0 0
AZZ Inc COM 002474104 3,786 78,475 SH   DFND   0 0 78,475
Berkshire Hathaway Inc CL B COM 084670702 4,500 12,750 SH   SOLE   12,750 0 0
BlackRock TCP Capital Corporation COM 09259E108 93 6,500 SH   SOLE   6,500 0 0
Blueknight Energy Partners L.P COM 09625U109 3,216 962,854 SH   SOLE   962,854 0 0
Chase Corporation COM 16150r104 3,297 37,932 SH   SOLE   37,932 0 0
Chase Corporation COM 16150r104 1,356 15,600 SH   DFND   0 0 15,600
Chevron Corporation COM 166764100 163 1,000 SH   SOLE   1,000 0 0
Clean Harbors Inc COM 184496107 3,112 27,871 SH   SOLE   27,871 0 0
CNX Resources Corporation COM 12653C108 6,079 293,400 SH   SOLE   293,400 0 0
CNX Resources Corporation COM 12653C108 3,649 176,100 SH   DFND   0 0 176,100
Colfax Corporation COM 194014106 14,873 373,790 SH   SOLE   373,790 0 0
Colfax Corporation COM 194014106 6,386 160,485 SH   DFND   0 0 160,485
Commvault Systems Inc COM 204166102 8,234 124,100 SH   SOLE   124,100 0 0
Commvault Systems Inc COM 204166102 2,897 43,668 SH   DFND   0 0 43,668
Compass Minerals International COM 20451n101 23,276 370,691 SH   SOLE   370,691 0 0
Compass Minerals International COM 20451n101 8,840 140,789 SH   DFND   0 0 140,789
CTO Realty Growth Inc COM 22948Q101 450 6,783 SH   SOLE   6,783 0 0
Devon Energy Corporation COM 25179M103 1,675 28,329 SH   SOLE   28,329 0 0
DISH Network Corporation COM 25470M109 2,197 69,400 SH   SOLE   69,400 0 0
DLH Holdings Corporation COM 23335q100 6,847 361,488 SH   SOLE   361,488 0 0
DLH Holdings Corporation COM 23335q100 3,657 193,089 SH   DFND   0 0 193,089
Ducommun Inc COM 264147109 8,214 156,779 SH   SOLE   156,779 0 0
Ducommun Inc COM 264147109 4,104 78,335 SH   DFND   0 0 78,335
E.W. Scripps Company COM 811054402 12,870 619,055 SH   SOLE   619,055 0 0
E.W. Scripps Company COM 811054402 5,249 252,469 SH   DFND   0 0 252,469
Ecovyst Inc COM 27923Q109 28,236 2,442,574 SH   SOLE   2,442,574 0 0
Ecovyst Inc COM 27923Q109 10,081 872,100 SH   DFND   0 0 872,100
FMC Corporation COM 302491303 6,090 46,289 SH   SOLE   46,289 0 0
Franco-Nevada Corporation COM 351858105 4,275 26,800 SH   SOLE   26,800 0 0
Global Indemnity Group LLC COM 37959r103 3,222 123,493 SH   SOLE   123,493 0 0
Great Elm Group Inc COM 39037G109 1,955 1,080,229 SH   SOLE   1,080,229 0 0
Great Elm Group Inc COM 39037G109 935 516,700 SH   DFND   0 0 516,700
Hallador Energy Company COM 40609P105 27 7,827 SH   SOLE   7,827 0 0
Hamilton Thorne Ltd COM 407891100 5 3,613 SH   SOLE   3,613 0 0
Henry Schein Inc COM 806407102 1,861 21,341 SH   SOLE   21,341 0 0
Heritage-Crystal Clean Inc COM 42726m106 8,266 279,147 SH   SOLE   279,147 0 0
Heritage-Crystal Clean Inc COM 42726m106 4,274 144,340 SH   DFND   0 0 144,340
Howmet Aerospace Inc COM 443201108 1,556 43,291 SH   SOLE   43,291 0 0
IAC InterActive Corporation COM 44891N208 1,395 13,911 SH   SOLE   13,911 0 0
IEH Corporation COM 44949K107 1,120 90,000 SH   SOLE   90,000 0 0
IPG Photonics Corporation COM 44980X109 1,395 12,709 SH   SOLE   12,709 0 0
Issuer Direct Corporation COM 46520m204 6 212 SH   SOLE   212 0 0
KBR Inc COM 48242W106 14,517 265,242 SH   SOLE   265,242 0 0
KBR Inc COM 48242W106 4,734 86,500 SH   DFND   0 0 86,500
Kinder Morgan Inc COM 49456B101 371 19,600 SH   SOLE   19,600 0 0
Landec Corporation COM 514766104 15,972 1,379,267 SH   SOLE   1,379,267 0 0
Landec Corporation COM 514766104 5,704 492,614 SH   DFND   0 0 492,614
Liberty Media Acquisition Corporation COM 53073L104 5,038 508,334 SH   SOLE   508,334 0 0
Liberty Media Acquisition Corporation COM 53073L104 2,929 295,600 SH   DFND   0 0 295,600
Liberty SiriusXM Group - A COM 531229409 6,872 150,339 SH   SOLE   150,339 0 0
Liberty TripAdvisor Holdings Inc COM 531465102 5,324 2,596,990 SH   SOLE   2,596,990 0 0
Liberty TripAdvisor Holdings Inc COM 531465102 2,503 1,221,129 SH   DFND   0 0 1,221,129
Lions Gate Entertainment Corporation COM 535919500 23,975 1,595,117 SH   SOLE   1,595,117 0 0
Lions Gate Entertainment Corporation COM 535919500 6,990 465,100 SH   DFND   0 0 465,100
Lumen Technologies Inc COM 550241103 11,605 1,029,727 SH   SOLE   1,029,727 0 0
Millicom International Cellular COM l6388f110 12,469 494,620 SH   SOLE   494,620 0 0
Millicom International Cellular COM l6388f110 3,939 156,255 SH   DFND   0 0 156,255
N-able Inc COM 62878D100 3,604 396,083 SH   SOLE   396,083 0 0
N-able Inc COM 62878D100 1,903 209,105 SH   DFND   0 0 209,105
Nature's Sunshine Products Inc COM 639027101 2,967 176,380 SH   SOLE   176,380 0 0
Nature's Sunshine Products Inc COM 639027101 1,013 60,253 SH   DFND   0 0 60,253
NewMarket Corporation COM 651587107 8,315 25,635 SH   SOLE   25,635 0 0
NewMarket Corporation COM 651587107 4,755 14,660 SH   DFND   0 0 14,660
Northern Technologies International COM 665809109 3 225 SH   SOLE   225 0 0
Omni-Lite Industries Canada COM 681976106 8 11,671 SH   SOLE   11,671 0 0
Overseas Shipholding Group Inc COM 69036R863 52 25,000 SH   SOLE   25,000 0 0
Philip Morris International In COM 718172109 132 1,400 SH   SOLE   1,400 0 0
Quipt Home Medical Corporation COM 74880P104 2 508 SH   SOLE   508 0 0
Quorum Information Technologies COM 749093100 6 7,851 SH   SOLE   7,851 0 0
Regal Rexnord Corporation COM 758750103 1,366 9,179 SH   SOLE   9,179 0 0
Research Solutions Inc COM 761025105 3,386 1,589,625 SH   SOLE   1,589,625 0 0
Research Solutions Inc COM 761025105 1,739 816,353 SH   DFND   0 0 816,353
Sandstorm Gold Ltd COM 80013R206 4,567 565,200 SH   SOLE   565,200 0 0
Sandstorm Gold Ltd COM 80013R206 2,350 290,900 SH   DFND   0 0 290,900
SecureWorks Corporation COM 81374A105 7,175 541,510 SH   SOLE   541,510 0 0
SecureWorks Corporation COM 81374A105 3,060 230,908 SH   DFND   0 0 230,908
Sensata Technologies Holdings COM G8060N102 1,441 28,342 SH   SOLE   28,342 0 0
Six Flags Entertainment Corporation COM 83001a102 9,853 226,500 SH   SOLE   226,500 0 0
Six Flags Entertainment Corporation COM 83001a102 3,663 84,199 SH   DFND   0 0 84,199
Skechers U.S.A. Inc CL A COM 830566105 9,398 230,579 SH   SOLE   230,579 0 0
Skechers U.S.A. Inc CL A COM 830566105 3,318 81,408 SH   DFND   0 0 81,408
Spectrum Brands Holdings Inc COM 84790a105 1,476 16,631 SH   SOLE   16,631 0 0
Standex International Corporation COM 854231107 5,593 55,976 SH   SOLE   55,976 0 0
Standex International Corporation COM 854231107 3,286 32,889 SH   DFND   0 0 32,889
Star Group L.P. COM 85512c105 517 46,600 SH   SOLE   46,600 0 0
StoneX Group Inc COM 861896108 11,769 158,543 SH   SOLE   158,543 0 0
StoneX Group Inc COM 861896108 4,965 66,893 SH   DFND   0 0 66,893
Table Trac Inc COM 87336P106 6 1,821 SH   SOLE   1,821 0 0
Tapestry Inc COM 876030107 1,617 43,529 SH   SOLE   43,529 0 0
TEGNA Inc COM 87901j105 1,009 45,036 SH   SOLE   45,036 0 0
The Bank of New York Mellon Co COM 064058100 1,758 35,415 SH   SOLE   35,415 0 0
The Eastern Company COM 276317104 3 129 SH   SOLE   129 0 0
The Monarch Cement Company COM 609031307 1 11 SH   SOLE   11 0 0
The Stephan Company COM 858603103 1 501 SH   SOLE   501 0 0
Tiptree Inc COM 88822Q103 2,472 192,342 SH   SOLE   192,342 0 0
Tiptree Inc COM 88822Q103 1,057 82,269 SH   DFND   0 0 82,269
UFP Technologies Inc COM 902673102 4,685 70,804 SH   SOLE   70,804 0 0
UFP Technologies Inc COM 902673102 2,781 42,027 SH   DFND   0 0 42,027
Viasat Inc COM 92552v100 32,018 656,115 SH   SOLE   656,115 0 0
Viasat Inc COM 92552v100 9,459 193,836 SH   DFND   0 0 193,836
Viemed Healthcare Inc COM 92663r105 6,730 1,351,472 SH   SOLE   1,351,472 0 0
Viemed Healthcare Inc COM 92663r105 3,264 655,472 SH   DFND   0 0 655,472
Warner Bros Discovery Inc COM 934423104 686 27,500 SH   SOLE   27,500 0 0
Wayside Technology Group Inc COM 946760105 8,373 242,338 SH   SOLE   242,338 0 0
Wayside Technology Group Inc COM 946760105 3,841 111,163 SH   DFND   0 0 111,163
Wells Fargo & Company COM 949746101 3,286 67,800 SH   SOLE   67,800 0 0
Western Union Company COM 959802109 1,465 78,200 SH   SOLE   78,200 0 0
White Mountains Insurance Group COM g9618e107 15,089 13,280 SH   SOLE   13,280 0 0
White Mountains Insurance Group COM g9618e107 6,674 5,874 SH   DFND   0 0 5,874