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
ADVANCED ENERGY INDS COM 007973100 150 5,325 SH   OTR 1 5,325 0 0
ADVANCED ENERGY INDS COM 007973100 1,017 36,034 SH   SOLE N/A 36,034 0 0
AMERICAN EAGLE OUTFITTERS NE COM 02553E106 2,570 165,775 SH   OTR 1 165,775 0 0
AMREP CORP NEW COM 032159105 20 4,580 SH   OTR 1 4,580 0 0
AMREP CORP NEW COM 032159105 3,043 699,655 SH   SOLE N/A 699,655 0 0
APPLE INC COM 037833100 225 2,140 SH   SOLE N/A 2,140 0 0
ATWOOD OCEANICS INC COM 050095108 197 19,242 SH   OTR 1 19,242 0 0
ATWOOD OCEANICS INC COM 050095108 3,845 375,855 SH   SOLE N/A 375,855 0 0
BALDWIN & LYONS INC CL A 057755100 411 17,452 SH   OTR 1 17,452 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 887 6,715 SH   OTR 1 6,715 0 0
BMC STOCK HOLDINGS INC COM 05591B109 96,832 5,780,991 SH   OTR 1 5,780,991 0 0
BUILDERS FIRSTSOURCE INC COM 12008R107 964 87,044 SH   OTR 1 87,044 0 0
BUILDERS FIRSTSOURCE INC COM 12008R107 16,858 1,521,488 SH   SOLE N/A 1,521,488 0 0
CANADIAN NAT RES LTD COM 136385101 699 32,029 SH   OTR 1 32,029 0 0
CANADIAN NAT RES LTD COM 136385101 256 11,720 SH   SOLE N/A 11,720 0 0
CAVCO INDS INC DEL COM 149568107 1,044 12,532 SH   OTR 1 12,532 0 0
CAVCO INDS INC DEL COM 149568107 13,987 167,895 SH   SOLE N/A 167,895 0 0
CGG SPONS ADR 12531Q105 24 8,673 SH   OTR 1 8,673 0 0
CGG SPONS ADR 12531Q105 112 39,845 SH   SOLE N/A 39,845 0 0
CPI AEROSTRUCTURES INC COM NEW 125919308 890 91,476 SH   OTR 1 91,476 0 0
CSI COMPRESSCO LP COM UNIT 12367A103 18 1,600 SH   OTR 1 1,600 0 0
CSI COMPRESSCO LP COM UNIT 12367A103 250 21,950 SH   SOLE N/A 21,950 0 0
DAWSON GEOPHYSICAL CO COM 239360100 19 5,456 SH   OTR 1 5,456 0 0
DAWSON GEOPHYSICAL CO COM 239359102 53 15,378 SH   SOLE N/A 15,378 0 0
DORIAN LPG LTD COM Y2106R110 294 25,000 SH   OTR 1 25,000 0 0
ERA GROUP INC COM 26885G109 9 840 SH   OTR 1 840 0 0
ERA GROUP INC COM 26885G109 351 31,472 SH   SOLE N/A 31,472 0 0
GAMESTOP CORP NEW CL A 36467W109 2,009 71,646 SH   OTR 1 71,646 0 0
GIBRALTAR INDS INC COM 374689107 4,978 195,693 SH   OTR 1 195,693 0 0
HALLADOR ENERGY COMPANY COM 40609P105 114 24,984 SH   OTR 1 24,984 0 0
HALLADOR ENERGY COMPANY COM 40609P105 143 31,256 SH   SOLE N/A 31,256 0 0
HELMERICH & PAYNE INC COM 423452101 69 1,294 SH   OTR 1 1,294 0 0
HELMERICH & PAYNE INC COM 423452101 3,069 57,302 SH   SOLE N/A 57,302 0 0
INSTEEL INDUSTRIES INC COM 45774W108 3,964 189,478 SH   OTR 1 189,478 0 0
INTERGRATED ELECTRICAL SVC COM 45811E305 275 24,827 SH   SOLE N/A 24,827 0 0
JOY GLOBAL INC COM 481165108 1 53 SH   OTR 1 53 0 0
JOY GLOBAL INC COM 481165108 735 58,326 SH   SOLE N/A 58,326 0 0
LEUCADIA NATL CORP COM 527288104 316 18,168 SH   OTR 1 18,168 0 0
LEUCADIA NATL CORP COM 527288104 10,628 611,161 SH   SOLE N/A 611,161 0 0
LINCOLN ELEC HLDGS INC COM 533900106 9 175 SH   OTR 1 175 0 0
LINCOLN ELEC HLDGS INC COM 533900106 5,422 104,485 SH   SOLE N/A 104,485 0 0
LIQUIDITY SERVICES INC COM 53635B107 65 10,000 SH   OTR 1 10,000 0 0
LIQUIDITY SERVICES INC COM 53635B107 1,958 301,218 SH   SOLE N/A 301,218 0 0
LSB INDS INC COM 502160104 54 7,453 SH   OTR 1 7,453 0 0
LSB INDS INC COM 502160104 8,661 1,194,564 SH   SOLE N/A 1,194,564 0 0
MANHATTAN BRIDGE CAPITAL INC COM 562803106 44 10,000 SH   SOLE N/A 10,000 0 0
MERCK & CO INC NEW COM 58933Y105 211 4,000 SH   OTR 1 4,000 0 0
METHODE ELECTRONICS INC COM 591520200 7,144 224,445 SH   OTR 1 224,445 0 0
MOBILE MINI INC COM 60740F105 26 820 SH   OTR 1 820 0 0
MOBILE MINI INC COM 60740F105 578 18,560 SH   SOLE N/A 18,560 0 0
NATIONAL WESTN LIFE INS CO CL A 638517102 37 146 SH   OTR 1 146 0 0
NATIONAL WESTN LIFE INS CO CL A 638522102 462 1,833 SH   SOLE N/A 1,833 0 0
OMNOVA SOLUTIONS INC COM 682129101 28 4,550 SH   OTR 1 4,550 0 0
OMNOVA SOLUTIONS INC COM 682129101 7,785 1,269,988 SH   SOLE N/A 1,269,988 0 0
PANHANDLE OIL AND GAS INC CL A 698477106 1,754 108,561 SH   OTR 1 108,561 0 0
PANHANDLE OIL AND GAS INC CL A 698477106 11,226 694,690 SH   SOLE N/A 694,690 0 0
PHI INC COM VTG 69336T106 53 3,250 SH   OTR 1 3,250 0 0
PHI INC COM NON VTG 69336T205 215 12,103 SH   SOLE N/A 12,103 0 0
PICO HLDGS INC COM NEW 693366205 53 5,090 SH   OTR 1 5,090 0 0
PICO HLDGS INC COM NEW 693366205 2,099 203,395 SH   SOLE N/A 203,395 0 0
PRICESMART INC COM 741511109 4 45 SH   OTR 1 45 0 0
PRICESMART INC COM 741511109 1,313 15,820 SH   SOLE N/A 15,820 0 0
RADNET INC COM 750491102 0 75 SH   OTR 1 75 0 0
RADNET INC COM 750491102 2,461 398,250 SH   SOLE N/A 398,250 0 0
RUBY TUESDAY INC COM 781182100 6 1,025 SH   OTR 1 1,025 0 0
RUBY TUESDAY INC COM 781182100 225 40,900 SH   SOLE N/A 40,900 0 0
SEACOR HOLDINGS INC COM 811904101 50 950 SH   OTR 1 950 0 0
SEACOR HOLDINGS INC COM 811904101 3,929 74,761 SH   SOLE N/A 74,761 0 0
SENECA FOODS CORP NEW CL A 817070501 7 240 SH   OTR 1 240 0 0
SENECA FOODS CORP NEW CL A 817070501 1,054 36,377 SH   SOLE N/A 36,377 0 0
SKYLINE CORP COM 830830105 230 64,700 SH   OTR 1 64,700 0 0
SPARK NETWORKS INC COM 84651P100 762 197,981 SH   OTR 1 197,981 0 0
STARR BULK CARRIERS CORP SHS NEW Y8162K121 243 401,858 SH   OTR 1 401,858 0 0
STEALTHGAS INC SHS Y81669106 1,086 316,650 SH   OTR 1 316,650 0 0
U M H PROPERTIES INC COM 903002103 159 15,750 SH   OTR 1 15,750 0 0
U M H PROPERTIES INC COM 903002103 6,792 671,134 SH   SOLE N/A 671,134 0 0
WESTLAKE CHEM CORP COM 960413102 4,003 73,685 SH   OTR 1 73,685 0 0
WPX ENERGY INC COM 98212B103 348 60,650 SH   OTR 1 60,650 0 0
XERIUM TECHNOLOGIES INC COM NEW 98416J118 2,365 199,582 SH   OTR 1 199,582 0 0