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
STARR BULK CARRIERS CORP SHS NEW Y8162K121 569 156,858 SH   OTR 1 156,858 0 0
STEALTHGAS INC SHS Y81669106 1,308 199,750 SH   OTR 1 199,750 0 0
ADVANCED ENERGY INDS COM 007973100 381 14,830 SH   SOLE N/A 14,830 0 0
ADVANCED ENERGY INDS COM 007973100 2,560 99,780 SH   OTR 1 99,780 0 0
AMERICAN EAGLE OUTFITTERS NE COM 02553E106 917 53,675 SH   OTR 1 53,675 0 0
AMREP CORP NEW COM 032159105 26 5,030 SH   SOLE N/A 5,030 0 0
AMREP CORP NEW COM 032159105 3,583 695,763 SH   OTR 1 695,763 0 0
APPLE INC COM 037833100 714 5,740 SH   SOLE N/A 5,740 0 0
ATWOOD OCEANICS INC COM 050095108 594 21,117 SH   SOLE N/A 21,117 0 0
ATWOOD OCEANICS INC COM 050095108 2,982 106,097 SH   OTR 1 106,097 0 0
BALDWIN & LYONS INC CL A 057755100 468 19,884 SH   OTR 1 19,884 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 72 500 SH   SOLE N/A 500 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 989 6,850 SH   OTR 1 6,850 0 0
BUILDERS FIRSTSOURCE INC COM 12008R107 926 138,894 SH   SOLE N/A 138,894 0 0
BUILDERS FIRSTSOURCE INC COM 12008R107 17,877 2,680,280 SH   OTR 1 2,680,280 0 0
CGG SPONS ADR 12531Q105 53 9,340 SH   SOLE N/A 9,340 0 0
CGG SPONS ADR 12531Q105 251 44,062 SH   OTR 1 44,062 0 0
CPI AEROSTRUCTURES INC COM NEW 125919308 1,796 147,228 SH   OTR 1 147,228 0 0
CANADIAN NAT RES LTD COM 136385101 1,014 33,029 SH   SOLE N/A 33,029 0 0
CANADIAN NAT RES LTD COM 136385101 6,770 220,445 SH   OTR 1 220,445 0 0
CAVCO INDS INC DEL COM 149568107 1,266 16,872 SH   SOLE N/A 16,872 0 0
CAVCO INDS INC DEL COM 149568107 12,970 172,794 SH   OTR 1 172,794 0 0
COAST DISTR SYS COM 190345108 90 26,000 SH   SOLE N/A 26,000 0 0
COAST DISTR SYS COM 190345108 1,137 329,654 SH   OTR 1 329,654 0 0
COTY INC COM CL A 222070203 1,699 70,000 SH   OTR 1 70,000 0 0
DAWSON GEOPHYSICAL CO COM 239359102 26 6,127 SH   SOLE N/A 6,127 0 0
DAWSON GEOPHYSICAL CO COM 239359100 32 7,600 SH   OTR 1 7,600 0 0
DEVON ENERGY CORP NEW COM 25179M103 264 4,375 SH   OTR 1 4,375 0 0
ERA GROUP INC COM 26885G109 18 840 SH   SOLE N/A 840 0 0
ERA GROUP INC COM 26885G109 1,004 48,186 SH   OTR 1 48,186 0 0
GAMESTOP CORP NEW CL A 36467W109 6,416 169,020 SH   OTR 1 169,020 0 0
GIBRALTAR INDS INC COM 374689107 3,272 199,393 SH   OTR 1 199,393 0 0
GLOBAL POWER EQUIPMENT GRP INC COM PAR $0.01 37941P306 7 500 SH   SOLE N/A 500 0 0
GLOBAL POWER EQUIPMENT GRP INC COM PAR $0.01 37941P306 494 37,399 SH   OTR 1 37,399 0 0
GRAFTECH INTL LTD COM 384313102 182 46,700 SH   SOLE N/A 46,700 0 0
GRAFTECH INTL LTD COM 384313102 883 226,958 SH   OTR 1 226,958 0 0
HALLADOR ENERGY COMPANY COM 40609P105 334 28,569 SH   SOLE N/A 28,569 0 0
HALLADOR ENERGY COMPANY COM 40609P105 365 31,256 SH   OTR 1 31,256 0 0
HELMERICH & PAYNE INC COM 423452101 88 1,294 SH   SOLE N/A 1,294 0 0
HELMERICH & PAYNE INC COM 423452101 5,291 77,732 SH   OTR 1 77,732 0 0
INTERGRATED ELECTRICAL SVC COM 45811E305 218 24,827 SH   SOLE N/A 24,827 0 0
JOY GLOBAL INC COM 481165108 2 53 SH   SOLE N/A 53 0 0
JOY GLOBAL INC COM 481165108 550 14,050 SH   OTR 1 14,050 0 0
LSB INDS INC COM 502160104 340 8,223 SH   SOLE N/A 8,223 0 0
LSB INDS INC COM 502160104 15,131 366,096 SH   OTR 1 366,096 0 0
LEUCADIA NATL CORP COM 527288104 465 20,852 SH   SOLE N/A 20,852 0 0
LEUCADIA NATL CORP COM 527288104 13,528 606,919 SH   OTR 1 606,919 0 0
LINCOLN ELEC HLDGS INC COM 533900106 11 175 SH   SOLE N/A 175 0 0
LINCOLN ELEC HLDGS INC COM 533900106 6,193 94,715 SH   OTR 1 94,715 0 0
LIQUIDITY SERVICES INC COM 53635B107 122 12,350 SH   SOLE N/A 12,350 0 0
LIQUIDITY SERVICES INC COM 53635B107 4,831 488,965 SH   OTR 1 488,965 0 0
MANHATTAN BRIDGE CAPITAL INC COM 562803106 40 10,000 SH   SOLE N/A 10,000 0 0
MERCK & CO INC NEW COM 58933Y105 230 4,000 SH   OTR 1 4,000 0 0
MOBILE MINI INC COM 60740F105 35 820 SH   SOLE N/A 820 0 0
MOBILE MINI INC COM 60740F105 1,171 27,472 SH   OTR 1 27,472 0 0
NATIONAL WESTN LIFE INS CO CL A 638522102 37 146 SH   SOLE N/A 146 0 0
NATIONAL WESTN LIFE INS CO CL A 638522102 500 1,967 SH   OTR 1 1,967 0 0
OMNOVA SOLUTIONS INC COM 682129101 77 9,050 SH   SOLE N/A 9,050 0 0
OMNOVA SOLUTIONS INC COM 682129101 10,927 1,280,953 SH   OTR 1 1,280,953 0 0
PHI INC COM VTG 69336T106 410 13,689 SH   OTR 1 13,689 0 0
PICO HLDGS INC COM NEW 693366205 125 7,740 SH   SOLE N/A 7,740 0 0
PICO HLDGS INC COM NEW 693366205 2,276 140,385 SH   OTR 1 140,385 0 0
PANHANDLE OIL AND GAS INC CL A 698477106 2,228 112,586 SH   SOLE N/A 112,586 0 0
PANHANDLE OIL AND GAS INC CL A 698477106 13,793 696,990 SH   OTR 1 696,990 0 0
PIONEER NAT RES CO COM 723787107 25 150 SH   SOLE N/A 150 0 0
PIONEER NAT RES CO COM 723787107 204 1,250 SH   OTR 1 1,250 0 0
PRICESMART INC COM 741511109 222 2,615 SH   SOLE N/A 2,615 0 0
PRICESMART INC COM 741511109 1,344 15,820 SH   OTR 1 15,820 0 0
RUBY TUESDAY INC COM 781182100 15 2,525 SH   SOLE N/A 2,525 0 0
RUBY TUESDAY INC COM 781182100 246 40,900 SH   OTR 1 40,900 0 0
SEACOR HOLDINGS INC COM 811904101 87 1,250 SH   SOLE N/A 1,250 0 0
SEACOR HOLDINGS INC COM 811904101 5,106 73,291 SH   OTR 1 73,291 0 0
SENECA FOODS CORP NEW CL A 817070501 11 380 SH   SOLE N/A 380 0 0
SENECA FOODS CORP NEW CL A 817070501 2,257 75,712 SH   OTR 1 75,712 0 0
SKYLINE CORP COM 830830105 52 14,700 SH   OTR 1 14,700 0 0
STOCK BLDG SUPPLY HLDGS INC COM 86101X104 955 52,871 SH   OTR 1 52,871 0 0
TAL INTL GROUP INC COM 874083108 288 7,075 SH   OTR 1 7,075 0 0
TALISMAN ENERGY INC COM 87425E103 0 27 SH   SOLE N/A 27 0 0
TALISMAN ENERGY INC COM 87425E103 265 34,490 SH   OTR 1 34,490 0 0
TIMKEN CO COM 887389104 260 6,165 SH   OTR 1 6,165 0 0
U M H PROPERTIES INC COM 903002103 17 1,700 SH   SOLE N/A 1,700 0 0
U M H PROPERTIES INC COM 903002103 6,943 689,434 SH   OTR 1 689,434 0 0
WPX ENERGY INC COM 98212B103 665 60,800 SH   OTR 1 60,800 0 0
XERIUM TECHNOLOGIES INC COM NEW 98416J118 1,549 95,487 SH   OTR 1 95,487 0 0