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 1,665 63,303 SH   OTR 1 63,303 0 0
ADVANCED ENERGY INDS COM 007973100 335 12,725 SH   SOLE N/A 12,725 0 0
AMERICAN EAGLE OUTFITTERS NE COM 02553E106 839 53,675 SH   OTR 1 53,675 0 0
AMREP CORP NEW COM 032159105 3,369 687,558 SH   OTR 1 687,558 0 0
AMREP CORP NEW COM 032159105 25 5,030 SH   SOLE N/A 5,030 0 0
APPLE INC COM 037833100 346 3,140 SH   SOLE N/A 3,140 0 0
ATWOOD OCEANICS INC COM 050095108 1,586 107,100 SH   OTR 1 107,100 0 0
ATWOOD OCEANICS INC COM 050095108 310 20,942 SH   SOLE N/A 20,942 0 0
BALDWIN & LYONS INC CL A 057755100 416 18,184 SH   OTR 1 18,184 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 876 6,715 SH   OTR 1 6,715 0 0
BUILDERS FIRSTSOURCE INC COM 12008R107 18,809 1,483,377 SH   OTR 1 1,483,377 0 0
BUILDERS FIRSTSOURCE INC COM 12008R107 1,484 117,044 SH   SOLE N/A 117,044 0 0
CANADIAN NAT RES LTD COM 136385101 4,641 238,615 SH   OTR 1 238,615 0 0
CANADIAN NAT RES LTD COM 136385101 623 32,029 SH   SOLE N/A 32,029 0 0
CAVCO INDS INC DEL COM 149568107 11,740 172,420 SH   OTR 1 172,420 0 0
CAVCO INDS INC DEL COM 149568107 955 14,032 SH   SOLE N/A 14,032 0 0
CGG SPONS ADR 12531Q105 151 43,078 SH   OTR 1 43,078 0 0
CGG SPONS ADR 12531Q105 32 9,050 SH   SOLE N/A 9,050 0 0
CPI AEROSTRUCTURES INC COM NEW 125919308 1,189 135,011 SH   OTR 1 135,011 0 0
DAWSON GEOPHYSICAL CO COM 239360100 61 16,082 SH   OTR 1 16,082 0 0
DAWSON GEOPHYSICAL CO COM 239360100 23 6,127 SH   SOLE N/A 6,127 0 0
ERA GROUP INC COM 26885G109 708 47,278 SH   OTR 1 47,278 0 0
ERA GROUP INC COM 26885G109 13 840 SH   SOLE N/A 840 0 0
GAMESTOP CORP NEW CL A 36467W109 6,875 166,820 SH   OTR 1 166,820 0 0
GIBRALTAR INDS INC COM 374689107 3,659 199,393 SH   OTR 1 199,393 0 0
GLOBAL POWER EQUIPMENT GRP INC COM PAR $0.01 37941P306 138 37,699 SH   OTR 1 37,699 0 0
HALLADOR ENERGY COMPANY COM 40609P105 217 31,256 SH   OTR 1 31,256 0 0
HALLADOR ENERGY COMPANY COM 40609P105 199 28,569 SH   SOLE N/A 28,569 0 0
HELMERICH & PAYNE INC COM 423452101 2,728 57,714 SH   OTR 1 57,714 0 0
HELMERICH & PAYNE INC COM 423452101 61 1,294 SH   SOLE N/A 1,294 0 0
INSTEEL INDUSTRIES INC COM 45774W108 3,056 190,078 SH   OTR 1 190,078 0 0
INTERGRATED ELECTRICAL SVC COM 45811E305 192 24,827 SH   SOLE N/A 24,827 0 0
JOY GLOBAL INC COM 481165108 357 23,920 SH   OTR 1 23,920 0 0
JOY GLOBAL INC COM 481165108 1 53 SH   SOLE N/A 53 0 0
LEUCADIA NATL CORP COM 527288104 12,335 608,833 SH   OTR 1 608,833 0 0
LEUCADIA NATL CORP COM 527288104 372 18,368 SH   SOLE N/A 18,368 0 0
LINCOLN ELEC HLDGS INC COM 533900106 5,403 103,055 SH   OTR 1 103,055 0 0
LINCOLN ELEC HLDGS INC COM 533900106 9 175 SH   SOLE N/A 175 0 0
LIQUIDITY SERVICES INC COM 53635B107 3,663 495,668 SH   OTR 1 495,668 0 0
LIQUIDITY SERVICES INC COM 53635B107 84 11,350 SH   SOLE N/A 11,350 0 0
LSB INDS INC COM 502160104 9,867 644,091 SH   OTR 1 644,091 0 0
LSB INDS INC COM 502160104 117 7,623 SH   SOLE N/A 7,623 0 0
MANHATTAN BRIDGE CAPITAL INC COM 562803106 41 10,000 SH   SOLE N/A 10,000 0 0
METHODE ELECTRONICS INC COM 591520200 7,192 225,445 SH   OTR 1 225,445 0 0
MOBILE MINI INC COM 60740F105 832 27,012 SH   OTR 1 27,012 0 0
MOBILE MINI INC COM 60740F105 25 820 SH   SOLE N/A 820 0 0
NATIONAL WESTN LIFE INS CO CL A 638522102 408 1,833 SH   OTR 1 1,833 0 0
NATIONAL WESTN LIFE INS CO CL A 638522102 33 146 SH   SOLE N/A 146 0 0
OMNOVA SOLUTIONS INC COM 682129101 7,115 1,284,263 SH   OTR 1 1,284,263 0 0
OMNOVA SOLUTIONS INC COM 682129101 25 4,550 SH   SOLE N/A 4,550 0 0
PANHANDLE OIL AND GAS INC CL A 698477106 11,226 694,690 SH   OTR 1 694,690 0 0
PANHANDLE OIL AND GAS INC CL A 698477106 1,747 108,136 SH   SOLE N/A 108,136 0 0
PHI INC COM VTG 69336T106 268 13,689 SH   OTR 1 13,689 0 0
PICO HLDGS INC COM NEW 693366205 1,414 146,065 SH   OTR 1 146,065 0 0
PICO HLDGS INC COM NEW 693366205 69 7,090 SH   SOLE N/A 7,090 0 0
PRICESMART INC COM 741511109 1,224 15,820 SH   OTR 1 15,820 0 0
PRICESMART INC COM 741511109 3 45 SH   SOLE N/A 45 0 0
RADNET INC COM 750491102 134 24,100 SH   OTR 1 24,100 0 0
RADNET INC COM 750491102 0 75 SH   SOLE N/A 75 0 0
RUBY TUESDAY INC COM 781182100 254 40,900 SH   OTR 1 40,900 0 0
RUBY TUESDAY INC COM 781182100 6 1,025 SH   SOLE N/A 1,025 0 0
SEACOR HOLDINGS INC COM 811904101 4,477 74,861 SH   OTR 1 74,861 0 0
SEACOR HOLDINGS INC COM 811904101 61 1,025 SH   SOLE N/A 1,025 0 0
SENECA FOODS CORP NEW CL A 817070501 1,968 74,700 SH   OTR 1 74,700 0 0
SENECA FOODS CORP NEW CL A 817070501 10 380 SH   SOLE N/A 380 0 0
SKYLINE CORP COM 830830105 42 14,700 SH   OTR 1 14,700 0 0
STARR BULK CARRIERS CORP SHS NEW Y8162K121 824 401,858 SH   OTR 1 401,858 0 0
STEALTHGAS INC SHS Y81669106 1,038 231,100 SH   OTR 1 231,100 0 0
STOCK BLDG SUPPLY HLDGS INC COM 86101X104 905 51,371 SH   OTR 1 51,371 0 0
U M H PROPERTIES INC COM 903002103 6,424 690,734 SH   OTR 1 690,734 0 0
U M H PROPERTIES INC COM 903002103 208 22,350 SH   SOLE N/A 22,350 0 0
WPX ENERGY INC COM 98212B103 404 61,100 SH   OTR 1 61,100 0 0
XERIUM TECHNOLOGIES INC COM NEW 98416J118 2,358 181,637 SH   OTR 1 181,637 0 0