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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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   463,050 4,725 SH   SOLE   4,725 0 0
AERCAP HOLDINGS NV SHS N00985106   4,931,540 87,703 SH   OTR 1 87,703 0 0
AGNICO EAGLE MINES LTD COM 008474108   484,215 9,500 SH   OTR 1 9,500 0 0
ALAMOS GOLD INCORPORATED COM CL A 011532108   489,200 40,000 SH   OTR 1 40,000 0 0
ALLISON TRANSMISSION HLDGS INC COM 01973R101   2,771,538 61,263 SH   OTR 1 61,263 0 0
ALPHA TAU MEDICAL LTD *w EXP 03/07/2028 M0740A116   14,000 50,000 SH   OTR 1 50,000 0 0
AMERCO COM 023586100   310,180 5,200 SH   OTR 1 5,200 0 0
AMERICAN EAGLE OUTFITTERS NE COM 02553E106   1,754,928 130,575 SH   OTR 1 130,575 0 0
AMERICAN EAGLE OUTFITTERS NE COM 02553E106   5,914 440 SH   SOLE   440 0 0
AMREP CORP NEW COM 032159105   6,818,600 487,391 SH   OTR 1 487,391 0 0
AMREP CORP NEW COM 032159105   305,550 21,841 SH   SOLE   21,841 0 0
BLUEGREEN VACATIONS HLDG CORP CL A 096308101   2,330,695 85,124 SH   OTR 1 85,124 0 0
BLUEGREEN VACATIONS HLDG CORP CL A 096308101   100,375 3,666 SH   SOLE   3,666 0 0
BUILDERS FIRSTSOURCE INC COM 12008R107   109,626,521 1,234,811 SH   OTR 1 1,234,811 0 0
BUILDERS FIRSTSOURCE INC COM 12008R107   11,613,401 130,811 SH   SOLE   130,811 0 0
CACI INTL INC CL A 127190304   1,007,352 3,400 SH   OTR 1 3,400 0 0
CANADIAN NAT RES LTD COM 136385101   7,686,012 138,862 SH   OTR 1 138,862 0 0
CANADIAN NAT RES LTD COM 136385101   1,409,156 25,459 SH   SOLE   25,459 0 0
CANADIAN SOLAR INC COM 136635109   3,215,892 80,781 SH   OTR 1 80,781 0 0
CAVCO INDS INC DEL COM 149568107   14,316,093 45,056 SH   OTR 1 45,056 0 0
CAVCO INDS INC DEL COM 149568107   2,089,776 6,577 SH   SOLE   6,577 0 0
CENTRAL SECS CORP COM 155123102   402,718 11,578 SH   OTR 1 11,578 0 0
CGI INC CL A SUB VTG 12532H104   1,058,970 11,000 SH   OTR 1 11,000 0 0
CHEMOURS CO COM 163851108   3,600,105 120,244 SH   OTR 1 120,244 0 0
DANA HOLDING CORP COM 235825205   6,444,681 428,218 SH   OTR 1 428,218 0 0
DANA HOLDING CORP COM 235825205   52,675 3,500 SH   SOLE   3,500 0 0
DORCHESTER MINERALS COM 25820R105   151,450 5,000 SH   OTR 1 5,000 0 0
DORCHESTER MINERALS COM 25820R105   76,482 2,525 SH   SOLE   2,525 0 0
FIVE POINT HOLDINGS LLC COM 33833Q106   132,271 56,047 SH   OTR 1 56,047 0 0
FIVE POINT HOLDINGS LLC COM 33833Q106   4,720 2,000 SH   SOLE   2,000 0 0
FRANCO NEV CORP COM 351858105   801,900 5,500 SH   OTR 1 5,500 0 0
FRP HLDGS INCORPORATED COM 30292L107   1,569,300 27,113 SH   OTR 1 27,113 0 0
GRAFTECH INTERNATIONAL COM 384313508   3,785,323 778,873 SH   OTR 1 778,873 0 0
GRAFTECH INTERNATIONAL COM 384313508   972 200 SH   SOLE   200 0 0
IAC Interactive Corp COM NEW 44891N208   206,400 4,000 SH   OTR 1 4,000 0 0
INSTEEL INDUSTRIES INC COM 45774W108   7,042,522 253,146 SH   OTR 1 253,146 0 0
JEFFERIES FINL GROUP INC COM 47233W109   12,462,362 392,639 SH   OTR 1 392,639 0 0
JEFFERIES FINL GROUP INC COM 47233W109   1,254,936 39,538 SH   SOLE   39,538 0 0
LEGACY HOUSING CORP COM 52472M101   4,274,556 187,810 SH   OTR 1 187,810 0 0
LINCOLN ELEC HLDGS INC COM 533900106   8,647,774 51,140 SH   OTR 1 51,140 0 0
LINCOLN ELEC HLDGS INC COM 533900106   29,593 175 SH   SOLE   175 0 0
LOUISIANA PAC CORP COM 546347105   3,943,940 72,753 SH   OTR 1 72,753 0 0
LSB INDS INC COM 502160104   24,571,806 2,378,684 SH   OTR 1 2,378,684 0 0
LSB INDS INC COM 502160104   420,266 40,684 SH   SOLE   40,684 0 0
MERCK & CO INC NEW COM 58933Y105   319,170 3,000 SH   OTR 1 3,000 0 0
METHODE ELECTRONICS INC COM 591520200   4,728,202 107,753 SH   OTR 1 107,753 0 0
MORGAN STANLEY COM NEW 617446448   614,600 7,000 SH   OTR 1 7,000 0 0
MORGAN STANLEY COM NEW 617446448   18,877 215 SH   SOLE   215 0 0
NEWMONT CORP COM 651639106   245,100 5,000 SH   OTR 1 5,000 0 0
NOBLE CORP NEW SHS G6610J209   14,682,919 372,002 SH   OTR 1 372,002 0 0
OLIN CORP NEW COM PAR $1 680665205   6,511,038 117,316 SH   OTR 1 117,316 0 0
OLIN CORP NEW COM PAR $1 680665205   19,703 355 SH   SOLE   355 0 0
PETROLEO BRASILEIRO SA PETRO SPONSORED ADR 71654V408   521,500 50,000 SH   OTR 1 50,000 0 0
PHX MINERALS INC CL A 69291A100   33,368 12,736 SH   OTR 1 12,736 0 0
PHX MINERALS INC CL A 69291A100   109,665 41,857 SH   SOLE   41,857 0 0
PREFORMED LINE PRODS CO COM 740444104   1,280,400 10,000 SH   OTR 1 10,000 0 0
PROSHARES TRUST SHORT QQQ NEW 74347B714   304,500 25,000 SH   OTR 1 25,000 0 0
RADNET INC COM 750491102   7,445,324 297,456 SH   OTR 1 297,456 0 0
RADNET INC COM 750491102   67,581 2,700 SH   SOLE   2,700 0 0
SEA LTD SPONSORED ADS 81141R100   2,163,750 25,000 SH   OTR 1 25,000 0 0
SEACOR MARINE HOLDINGS INC COM 78413P101   5,010,150 658,364 SH   OTR 1 658,364 0 0
SEACOR MARINE HOLDINGS INC COM 78413P101   4,163 547 SH   SOLE   547 0 0
SENECA FOODS CORP COM 817070501   1,216,218 23,268 SH   OTR 1 23,268 0 0
SENECA FOODS CORP COM 817070501   5,750 110 SH   SOLE   110 0 0
SKYLINE CORP COM 830830105   21,688,583 288,297 SH   OTR 1 288,297 0 0
SPOTIFY TECHNOLOGY S A SHS L8681T102   3,874,980 29,000 SH   OTR 1 29,000 0 0
TECHNIPFMC PLC COM G87110105   7,788,499 570,586 SH   OTR 1 570,586 0 0
TECHNIPFMC PLC COM G87110105   19,451 1,425 SH   SOLE   1,425 0 0
TECK RESOURCES INC CL B 878742204   3,650,000 100,000 SH   OTR 1 100,000 0 0
TIDEWATER INC COM 88642R109   157,549,325 3,574,168 SH   OTR 1 3,574,168 0 0
TIDEWATER INC COM 88642R109   6,774,787 153,693 SH   SOLE   153,693 0 0
TIDEWATER INC *W EXP 07/31/202 88642R117   95,981 82,035 SH   OTR 1 82,035 0 0
TIDEWATER INC *W EXP 07/31/202 88642R117   1,328 1,135 SH   SOLE   1,135 0 0
TIDEWATER INC *W EXP 07/31/202 88642R125   150,617 240,948 SH   OTR 1 240,948 0 0
TIDEWATER INC *W EXP 07/31/202 88642R125   767 1,227 SH   SOLE   1,227 0 0
TRAVEL PLUS LEISURE CO COM 894164102   2,592,257 66,129 SH   OTR 1 66,129 0 0
U HAUL HOLDING COM 023586506   1,285,880 24,800 SH   OTR 1 24,800 0 0
U M H PROPERTIES INC COM 903002103   4,474,936 302,565 SH   OTR 1 302,565 0 0
U M H PROPERTIES INC COM 903002103   119,799 8,100 SH   SOLE   8,100 0 0
VALARIS LIMITED CL A G9460G101   3,268,875 50,244 SH   OTR 1 50,244 0 0
VOYA FINANCIAL INC COM 929089100   285,840 4,000 SH   OTR 1 4,000 0 0
WEST FRASER TIMBER CO LTD COM 952845105   23,854,500 334,847 SH   OTR 1 334,847 0 0
WEST FRASER TIMBER CO LTD COM 952845105   437,057 6,135 SH   SOLE   6,135 0 0
WESTERN DIGITAL CORP COM 958102105   5,257,451 139,566 SH   OTR 1 139,566 0 0
WESTERN DIGITAL CORP COM 958102105   75,340 2,000 SH   SOLE   2,000 0 0
WESTLAKE CHEM CORP COM 960413102   26,217,395 226,051 SH   OTR 1 226,051 0 0
WESTLAKE CHEM CORP COM 960413102   367,077 3,165 SH   SOLE   3,165 0 0