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 297 4,725 SH   SOLE N/A 4,725 0 0
AERCAP HOLDINGS NV SHS N00985106 2,025 80,375 SH   OTR 1 80,375 0 0
ALLISON TRANSMISSION HLDGS INC COM 01973R101 2,081 59,210 SH   OTR 1 59,210 0 0
ALTICE USA INC CL A 02156K103 650 25,000 SH   OTR 1 25,000 0 0
AMERCO COM 023586100 712 2,000 SH   OTR 1 2,000 0 0
AMERICAN EAGLE OUTFITTERS NE COM 02553E106 1,580 106,698 SH   OTR 1 106,698 0 0
AMREP CORP NEW COM 032159105 2,782 496,814 SH   OTR 1 496,814 0 0
AMREP CORP NEW COM 032159105 89 15,919 SH   SOLE N/A 15,919 0 0
BBX CAP CORP NEW CL A 05491N302 1,011 75,531 SH   OTR 1 75,531 0 0
BBX CAP CORP NEW CL A 05491N302 49 3,666 SH   SOLE N/A 3,666 0 0
BERKSHIRE HATHAWAY INC DEL CL B 084670702 2,554 11,992 SH   OTR 1 11,992 0 0
BERKSHIRE HATHAWAY INC DEL CL B 084670702 26 120 SH   SOLE N/A 120 0 0
BLACKBERRY LTD COM 09228F103 367 80,000 SH   OTR 1 80,000 0 0
BMC STOCK HOLDINGS INC COM 05591B109 37,203 868,609 SH   OTR 1 868,609 0 0
BMC STOCK HOLDINGS INC COM 05591B109 2,935 68,531 SH   SOLE N/A 68,531 0 0
BUILDERS FIRSTSOURCE INC COM 12008R107 39,455 1,209,540 SH   OTR 1 1,209,540 0 0
BUILDERS FIRSTSOURCE INC COM 12008R107 3,862 118,394 SH   SOLE N/A 118,394 0 0
CACI INTL INC CL A 127190304 213 1,000 SH   OTR 1 1,000 0 0
CANADIAN NAT RES LTD COM 136385101 2,812 175,645 SH   OTR 1 175,645 0 0
CANADIAN NAT RES LTD COM 136385101 443 27,659 SH   SOLE N/A 27,659 0 0
CANADIAN SOLAR INC COM 136635109 2,845 81,057 SH   OTR 1 81,057 0 0
CARRIAGE SVCS INC COM 143905107 411 18,406 SH   OTR 1 18,406 0 0
CAVCO INDS INC DEL COM 149568107 6,229 34,544 SH   OTR 1 34,544 0 0
CAVCO INDS INC DEL COM 149568107 1,186 6,577 SH   SOLE N/A 6,577 0 0
CHEMOURS CO COM 163851108 2,626 125,600 SH   OTR 1 125,600 0 0
DANA HOLDING CORP COM 235825205 6,442 522,910 SH   OTR 1 522,910 0 0
DANA HOLDING CORP COM 235825205 51 4,125 SH   SOLE N/A 4,125 0 0
DENNYS CORP COM 24869P104 150 15,000 SH   OTR 1 15,000 0 0
DORIAN LPG LTD SHS USD Y2106R110 1,218 152,067 SH   OTR 1 152,067 0 0
DORIAN LPG LTD COM Y2106R110 1 177 SH   SOLE N/A 177 0 0
ELASTIC N V ORD SHS N14506104 1,079 10,000 SH   OTR 1 10,000 0 0
EXTERRAN CORPORATION COM 30227H106 704 169,157 SH   OTR 1 169,157 0 0
EXTERRAN CORPORATION COM 30227H106 8 1,950 SH   SOLE N/A 1,950 0 0
FIVE POINT HOLDINGS LLC COM 33833Q106 323 77,500 SH   OTR 1 77,500 0 0
FIVE POINT HOLDINGS LLC COM 33833Q106 8 2,000 SH   SOLE N/A 2,000 0 0
FRP HLDGS INCORPORATED COM 30292L107 816 19,582 SH   OTR 1 19,582 0 0
GAN LIMITED ORD SHS G3728V109 10,643 629,748 SH   OTR 1 629,748 0 0
GRAFTECH INTERNATIONAL COM 384313508 5,975 873,545 SH   OTR 1 873,545 0 0
GRAFTECH INTERNATIONAL COM 384313508 7 1,050 SH   SOLE N/A 1,050 0 0
HELIX ENERGY SOLUTIONS COM 42330P107 30 12,250 SH   OTR 1 12,250 0 0
INSTEEL INDUSTRIES INC COM 45774W108 2,884 154,198 SH   OTR 1 154,198 0 0
JEFFERIES FINL GROUP INC COM 47233W109 7,344 407,995 SH   OTR 1 407,995 0 0
JEFFERIES FINL GROUP INC COM 47233W109 829 46,065 SH   SOLE N/A 46,065 0 0
L3HARRIS TECHNOLOGIES INC COM 502431109 306 1,800 SH   OTR 1 1,800 0 0
LEGACY HOUSING CORP COM 52472M101 2,515 183,880 SH   OTR 1 183,880 0 0
LINCOLN ELEC HLDGS INC COM 533900106 6,024 65,447 SH   OTR 1 65,447 0 0
LINCOLN ELEC HLDGS INC COM 533900106 16 175 SH   SOLE N/A 175 0 0
LSB INDS INC COM 502160104 2,834 1,749,101 SH   OTR 1 1,749,101 0 0
LSB INDS INC COM 502160104 56 34,380 SH   SOLE N/A 34,380 0 0
MERCK & CO INC NEW COM 58933Y105 249 3,000 SH   OTR 1 3,000 0 0
METHODE ELECTRONICS INC COM 591520200 3,133 109,921 SH   OTR 1 109,921 0 0
MORGAN STANLEY COM NEW 617446448 387 8,000 SH   OTR 1 8,000 0 0
NEW HOME CO COM 645370107 544 100,000 SH   OTR 1 100,000 0 0
NORBORD INC COM NEW 65548P403 15,671 531,211 SH   OTR 1 531,211 0 0
NORBORD INC COM NEW 65548P403 406 13,777 SH   SOLE N/A 13,777 0 0
PANHANDLE OIL AND GAS INC CL A 698477106 1,182 826,358 SH   OTR 1 826,358 0 0
PANHANDLE OIL AND GAS INC CL A 698477106 154 107,988 SH   SOLE N/A 107,988 0 0
PICO HLDGS INC COM NEW 693366205 2,184 243,786 SH   OTR 1 243,786 0 0
PICO HLDGS INC COM NEW 693366205 45 5,040 SH   SOLE N/A 5,040 0 0
PNC FINL SVCS GROUP INC COM 693475105 330 3,000 SH   OTR 1 3,000 0 0
PRICESMART INC COM 741511109 369 5,553 SH   OTR 1 5,553 0 0
RADNET INC COM 750491102 4,811 313,400 SH   OTR 1 313,400 0 0
RADNET INC COM 750491102 85 5,550 SH   SOLE N/A 5,550 0 0
SEA LTD SPONSORED ADS 81141R100 3,851 25,000 SH   OTR 1 25,000 0 0
SEACOR HOLDINGS INC COM 811904101 2,339 80,440 SH   OTR 1 80,440 0 0
SEACOR HOLDINGS INC COM 811904101 28 970 SH   SOLE N/A 970 0 0
SEACOR MARINE HOLDINGS INC COM 78413P101 583 287,112 SH   OTR 1 287,112 0 0
SEACOR MARINE HOLDINGS INC COM 78413P101 2 812 SH   SOLE N/A 812 0 0
SKYLINE CORP COM 830830105 5,853 218,650 SH   OTR 1 218,650 0 0
SPARK NETWORKS SE SPONSORED ADR 846517100 71 14,514 SH   OTR 1 14,514 0 0
SPOTIFY TECHNOLOGY S A SHS L8681T102 3,396 14,000 SH   OTR 1 14,000 0 0
TECHNIPFMC PLC COM G87110105 610 96,631 SH   OTR 1 96,631 0 0
TECHNIPFMC PLC COM G87110105 13 2,112 SH   SOLE N/A 2,112 0 0
TIDEWATER INC COM 88642R109 16,542 2,465,343 SH   OTR 1 2,465,343 0 0
TIDEWATER INC *W EXP 07/31/202 88642R117 131 246,414 SH   OTR 1 246,414 0 0
TIDEWATER INC *W EXP 07/31/202 88642R125 96 318,536 SH   OTR 1 318,536 0 0
TIDEWATER INC COM 88642R109 153 22,874 SH   SOLE N/A 22,874 0 0
TIDEWATER INC *W EXP 07/31/202 88642R117 1 1,135 SH   SOLE N/A 1,135 0 0
TIDEWATER INC *W EXP 07/31/202 88642R125 0 1,227 SH   SOLE N/A 1,227 0 0
U M H PROPERTIES INC COM 903002103 4,366 322,422 SH   OTR 1 322,422 0 0
U M H PROPERTIES INC COM 903002103 131 9,650 SH   SOLE N/A 9,650 0 0
UBER TECHNOLOGIES INC COM 90353T100 1,824 50,000 SH   OTR 1 50,000 0 0
VENATOR MATLS PLC SHS G9329Z100 106 55,000 SH   OTR 1 55,000 0 0
VOYA FINANCIAL INC COM 929089100 479 10,000 SH   OTR 1 10,000 0 0
WESTERN DIGITAL CORP COM 958102105 5,284 144,565 SH   OTR 1 144,565 0 0
WESTERN DIGITAL CORP COM 958102105 73 2,000 SH   SOLE N/A 2,000 0 0
WESTLAKE CHEM CORP COM 960413102 16,674 263,741 SH   OTR 1 263,741 0 0
WESTLAKE CHEM CORP COM 960413102 230 3,635 SH   SOLE N/A 3,635 0 0
WYNDHAM DESTINATIONS INC COM 98310W108 2,108 68,545 SH   OTR 1 68,545 0 0