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 1,029 156,858 SH   OTR 1 156,858 0 0
STEALTHGAS INC SHS Y81669106 1,253 198,525 SH   OTR 1 198,525 0 0
ADVANCED ENERGY INDS COM 007973100 363 15,310 SH   SOLE N/A 15,310 0 0
ADVANCED ENERGY INDS COM 007973100 3,181 134,204 SH   OTR 1 134,204 0 0
AMERICAN EAGLE OUTFITTERS NE COM 02553E106 766 55,200 SH   OTR 1 55,200 0 0
AMREP CORP NEW COM 032159105 22 5,630 SH   SOLE N/A 5,630 0 0
AMREP CORP NEW COM 032159105 2,666 694,160 SH   OTR 1 694,160 0 0
APPLE INC COM 037833100 634 5,740 SH   SOLE N/A 5,740 0 0
ATWOOD OCEANICS INC COM 050095108 561 19,787 SH   SOLE N/A 19,787 0 0
ATWOOD OCEANICS INC COM 050095108 3,017 106,352 SH   OTR 1 106,352 0 0
BALDWIN & LYONS INC CL A 057755100 477 19,884 SH   OTR 1 19,884 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 75 500 SH   SOLE N/A 500 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 1,040 6,925 SH   OTR 1 6,925 0 0
BUILDERS FIRSTSOURCE INC COM 12008R107 954 138,894 SH   SOLE N/A 138,894 0 0
BUILDERS FIRSTSOURCE INC COM 12008R107 18,531 2,697,336 SH   OTR 1 2,697,336 0 0
CGG SPONS ADR 12531Q105 53 9,050 SH   SOLE N/A 9,050 0 0
CGG SPONS ADR 12531Q105 276 46,766 SH   OTR 1 46,766 0 0
CPI AEROSTRUCTURES INC COM NEW 125919308 2,108 206,422 SH   OTR 1 206,422 0 0
CANADIAN NAT RES LTD COM 136385101 235 7,600 SH   SOLE N/A 7,600 0 0
CANADIAN NAT RES LTD COM 136385101 7,625 246,919 SH   OTR 1 246,919 0 0
CAVCO INDS INC DEL COM 149568107 71 900 SH   SOLE N/A 900 0 0
CAVCO INDS INC DEL COM 149568107 15,163 191,286 SH   OTR 1 191,286 0 0
COAST DISTR SYS COM 190345108 84 26,000 SH   SOLE N/A 26,000 0 0
COAST DISTR SYS COM 190345108 1,069 329,654 SH   OTR 1 329,654 0 0
COTY INC COM CL A 222070203 1,446 70,000 SH   OTR 1 70,000 0 0
DEVON ENERGY CORP NEW COM 25179M103 272 4,450 SH   OTR 1 4,450 0 0
DORCHESTER MINERALS LP COM UNIT 25820R105 26 1,025 SH   SOLE N/A 1,025 0 0
DREW INDS INC COM NEW 26168L205 128 2,500 SH   SOLE N/A 2,500 0 0
DREW INDS INC COM NEW 26168L205 2,280 44,642 SH   OTR 1 44,642 0 0
ERA GROUP INC COM 26885G109 18 840 SH   SOLE N/A 840 0 0
ERA GROUP INC COM 26885G109 1,044 49,351 SH   OTR 1 49,351 0 0
GAMESTOP CORP NEW CL A 36467W109 5,742 169,875 SH   OTR 1 169,875 0 0
GIBRALTAR INDS INC COM 374689107 3,770 231,841 SH   OTR 1 231,841 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 521 37,724 SH   OTR 1 37,724 0 0
GRAFTECH INTL LTD COM 384313102 235 46,500 SH   SOLE N/A 46,500 0 0
GRAFTECH INTL LTD COM 384313102 1,126 222,558 SH   OTR 1 222,558 0 0
HALLADOR ENERGY COMPANY COM 40609P105 315 28,569 SH   SOLE N/A 28,569 0 0
HALLADOR ENERGY COMPANY COM 40609P105 344 31,256 SH   OTR 1 31,256 0 0
HELMERICH & PAYNE INC COM 423452101 87 1,294 SH   SOLE N/A 1,294 0 0
HELMERICH & PAYNE INC COM 423452101 5,271 78,182 SH   OTR 1 78,182 0 0
IFM INVTS LTD ADS CL A NEW 45172L209 222 288,208 SH   OTR 1 288,208 0 0
INTERGRATED ELECTRICAL SVC COM 45811E305 190 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 654 14,050 SH   OTR 1 14,050 0 0
LSB INDS INC COM 502160104 259 8,223 SH   SOLE N/A 8,223 0 0
LSB INDS INC COM 502160104 11,663 370,949 SH   OTR 1 370,949 0 0
LEUCADIA NATL CORP COM 527288104 466 20,802 SH   SOLE N/A 20,802 0 0
LEUCADIA NATL CORP COM 527288104 13,810 615,957 SH   OTR 1 615,957 0 0
LINCOLN ELEC HLDGS INC COM 533900106 12 175 SH   SOLE N/A 175 0 0
LINCOLN ELEC HLDGS INC COM 533900106 6,604 95,580 SH   OTR 1 95,580 0 0
LIQUIDITY SERVICES INC COM 53635B107 117 14,275 SH   SOLE N/A 14,275 0 0
LIQUIDITY SERVICES INC COM 53635B107 3,975 486,490 SH   OTR 1 486,490 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 227 4,000 SH   OTR 1 4,000 0 0
MOBILE MINI INC COM 60740F105 33 820 SH   SOLE N/A 820 0 0
MOBILE MINI INC COM 60740F105 1,113 27,472 SH   OTR 1 27,472 0 0
NATIONAL WESTN LIFE INS CO CL A 638522102 39 146 SH   SOLE N/A 146 0 0
NATIONAL WESTN LIFE INS CO CL A 638522102 530 1,967 SH   OTR 1 1,967 0 0
OMNOVA SOLUTIONS INC COM 682129101 74 9,050 SH   SOLE N/A 9,050 0 0
OMNOVA SOLUTIONS INC COM 682129101 10,581 1,299,853 SH   OTR 1 1,299,853 0 0
PHI INC COM VTG 69336T106 493 13,689 SH   OTR 1 13,689 0 0
PICO HLDGS INC COM NEW 693366205 146 7,740 SH   SOLE N/A 7,740 0 0
PICO HLDGS INC COM NEW 693366205 2,652 140,705 SH   OTR 1 140,705 0 0
PANHANDLE OIL AND GAS INC CL A 698477106 3,032 130,258 SH   SOLE N/A 130,258 0 0
PANHANDLE OIL AND GAS INC CL A 698477106 16,226 696,990 SH   OTR 1 696,990 0 0
PIONEER NAT RES CO COM 723787107 22 150 SH   SOLE N/A 150 0 0
PIONEER NAT RES CO COM 723787107 186 1,250 SH   OTR 1 1,250 0 0
PRICESMART INC COM 741511109 272 2,985 SH   SOLE N/A 2,985 0 0
PRICESMART INC COM 741511109 1,443 15,820 SH   OTR 1 15,820 0 0
RUBY TUESDAY INC COM 781182100 17 2,525 SH   SOLE N/A 2,525 0 0
RUBY TUESDAY INC COM 781182100 284 41,500 SH   OTR 1 41,500 0 0
SEACOR HOLDINGS INC COM 811904101 92 1,250 SH   SOLE N/A 1,250 0 0
SEACOR HOLDINGS INC COM 811904101 5,493 74,426 SH   OTR 1 74,426 0 0
SENECA FOODS CORP NEW CL A 817070501 140 5,180 SH   SOLE N/A 5,180 0 0
SENECA FOODS CORP NEW CL A 817070501 2,691 99,559 SH   OTR 1 99,559 0 0
SKYLINE CORP COM 830830105 60 14,700 SH   OTR 1 14,700 0 0
STOCK BLDG SUPPLY HLDGS INC COM 86101X104 830 54,171 SH   OTR 1 54,171 0 0
TGC INDS INC COM NEW 872417308 4 2,011 SH   SOLE N/A 2,011 0 0
TGC INDS INC COM NEW 872417308 33 15,161 SH   OTR 1 15,161 0 0
TAL INTL GROUP INC COM 874083108 312 7,150 SH   OTR 1 7,150 0 0
TALISMAN ENERGY INC COM 87425E103 0 27 SH   SOLE N/A 27 0 0
TALISMAN ENERGY INC COM 87425E103 270 34,490 SH   OTR 1 34,490 0 0
TIMKEN CO COM 887389104 297 6,960 SH   OTR 1 6,960 0 0
U M H PROPERTIES INC COM 903002103 16 1,700 SH   SOLE N/A 1,700 0 0
U M H PROPERTIES INC COM 903002103 6,621 693,259 SH   OTR 1 693,259 0 0
WPX ENERGY INC COM 98212B103 719 61,800 SH   OTR 1 61,800 0 0
XERIUM TECHNOLOGIES INC COM NEW 98416J118 1,508 95,537 SH   OTR 1 95,537 0 0