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 458 4,725 SH   SOLE N/A 4,725 0 0
AERCAP HOLDINGS NV SHS N00985106 3,652 80,115 SH   OTR 1 80,115 0 0
ALLISON TRANSMISSION HLDGS INC COM 01973R101 2,541 58,910 SH   OTR 1 58,910 0 0
ALTICE USA INC CL A 02156K103 682 18,000 SH   OTR 1 18,000 0 0
AMERCO COM 023586100 499 1,100 SH   OTR 1 1,100 0 0
AMERICAN EAGLE OUTFITTERS NE COM 02553E106 2,127 105,983 SH   OTR 1 105,983 0 0
AMREP CORP NEW COM 032159105 4,222 494,354 SH   OTR 1 494,354 0 0
AMREP CORP NEW COM 032159105 164 19,231 SH   SOLE N/A 19,231 0 0
BERKSHIRE HATHAWAY INC DEL CL B 084670702 2,790 12,034 SH   OTR 1 12,034 0 0
BERKSHIRE HATHAWAY INC DEL CL B 084670702 28 120 SH   SOLE N/A 120 0 0
BLACKBERRY LTD COM 09228F103 133 20,000 SH   OTR 1 20,000 0 0
BLUEGREEN VACATIONS HLDG CORP CL A 096308101 1,311 96,920 SH   OTR 1 96,920 0 0
BLUEGREEN VACATIONS HLDG CORP CL A 096308101 50 3,666 SH   SOLE N/A 3,666 0 0
BMC STOCK HOLDINGS INC COM 05591B109 46,621 868,499 SH   OTR 1 868,499 0 0
BMC STOCK HOLDINGS INC COM 05591B109 3,565 66,416 SH   SOLE N/A 66,416 0 0
BUILDERS FIRSTSOURCE INC COM 12008R107 49,165 1,204,723 SH   OTR 1 1,204,723 0 0
BUILDERS FIRSTSOURCE INC COM 12008R107 4,810 117,869 SH   SOLE N/A 117,869 0 0
CACI INTL INC CL A 127190304 623 2,500 SH   OTR 1 2,500 0 0
CANADIAN NAT RES LTD COM 136385101 4,203 174,765 SH   OTR 1 174,765 0 0
CANADIAN NAT RES LTD COM 136385101 665 27,659 SH   SOLE N/A 27,659 0 0
CANADIAN SOLAR INC COM 136635109 4,141 80,807 SH   OTR 1 80,807 0 0
CARRIAGE SVCS INC COM 143905107 569 18,156 SH   OTR 1 18,156 0 0
CAVCO INDS INC DEL COM 149568107 6,046 34,459 SH   OTR 1 34,459 0 0
CAVCO INDS INC DEL COM 149568107 1,154 6,577 SH   SOLE N/A 6,577 0 0
CHEMOURS CO COM 163851108 3,083 124,350 SH   OTR 1 124,350 0 0
CIM COMMERCIAL TRUST COM 125525584 6,182 434,112 SH   OTR 1 434,112 0 0
CIM COMMERCIAL TRUST COM 125525584 7 500 SH   SOLE N/A 500 0 0
CUMMINS INC COM 231021106 52 230 SH   OTR 1 230 0 0
CUMMINS INC COM 231021106 159 700 SH   SOLE N/A 700 0 0
DANA HOLDING CORP COM 235825205 10,143 519,615 SH   OTR 1 519,615 0 0
DANA HOLDING CORP COM 235825205 81 4,125 SH   SOLE N/A 4,125 0 0
DENNYS CORP COM 24869P104 220 15,000 SH   OTR 1 15,000 0 0
DORIAN LPG LTD SHS USD Y2106R110 1,854 152,067 SH   OTR 1 152,067 0 0
DORIAN LPG LTD COM Y2106R110 2 174 SH   SOLE N/A 174 0 0
ELASTIC N V ORD SHS N14506104 1,461 10,000 SH   OTR 1 10,000 0 0
EQUITY DISTR ACQUISITION COR UNIT 99/99/9999 29465E205 160 15,000 SH   OTR 1 15,000 0 0
EXTERRAN CORPORATION COM 30227H106 748 169,157 SH   OTR 1 169,157 0 0
EXTERRAN CORPORATION COM 30227H106 9 1,950 SH   SOLE N/A 1,950 0 0
FIVE POINT HOLDINGS LLC COM 33833Q106 969 177,500 SH   OTR 1 177,500 0 0
FIVE POINT HOLDINGS LLC COM 33833Q106 11 2,000 SH   SOLE N/A 2,000 0 0
FRP HLDGS INCORPORATED COM 30292L107 960 21,082 SH   OTR 1 21,082 0 0
GAN LIMITED ORD SHS G3728V109 8,391 413,748 SH   OTR 1 413,748 0 0
GRAFTECH INTERNATIONAL COM 384313508 7,446 698,475 SH   OTR 1 698,475 0 0
GRAFTECH INTERNATIONAL COM 384313508 11 1,050 SH   SOLE N/A 1,050 0 0
INSTEEL INDUSTRIES INC COM 45774W108 3,650 163,888 SH   OTR 1 163,888 0 0
JEFFERIES FINL GROUP INC COM 47233W109 9,983 405,804 SH   OTR 1 405,804 0 0
JEFFERIES FINL GROUP INC COM 47233W109 1,110 45,128 SH   SOLE N/A 45,128 0 0
L3HARRIS TECHNOLOGIES INC COM 502431109 510 2,700 SH   OTR 1 2,700 0 0
LEGACY HOUSING CORP COM 52472M101 2,769 183,230 SH   OTR 1 183,230 0 0
LIBERTY MEDIA CORP DEL COM A SIRIUSXM 531229409 216 5,000 SH   OTR 1 5,000 0 0
LINCOLN ELEC HLDGS INC COM 533900106 7,512 64,623 SH   OTR 1 64,623 0 0
LINCOLN ELEC HLDGS INC COM 533900106 20 175 SH   SOLE N/A 175 0 0
LOUISIANA PAC CORP COM 546347105 929 25,000 SH   OTR 1 25,000 0 0
LSB INDS INC COM 502160104 4,533 1,337,277 SH   OTR 1 1,337,277 0 0
LSB INDS INC COM 502160104 115 33,945 SH   SOLE N/A 33,945 0 0
MERCK & CO INC NEW COM 58933Y105 245 3,000 SH   OTR 1 3,000 0 0
METHODE ELECTRONICS INC COM 591520200 4,181 109,231 SH   OTR 1 109,231 0 0
MORGAN STANLEY COM NEW 617446448 617 9,000 SH   OTR 1 9,000 0 0
NEW HOME CO COM 645370107 469 100,000 SH   OTR 1 100,000 0 0
NORBORD INC COM NEW 65548P403 27,072 626,670 SH   OTR 1 626,670 0 0
NORBORD INC COM NEW 65548P403 591 13,685 SH   SOLE N/A 13,685 0 0
PICO HLDGS INC COM NEW 693366205 2,743 293,336 SH   OTR 1 293,336 0 0
PICO HLDGS INC COM NEW 693366205 47 4,975 SH   SOLE N/A 4,975 0 0
PRICESMART INC COM 741511109 506 5,553 SH   OTR 1 5,553 0 0
PHX MINERALS INC CL A 69291A100 1,185 515,254 SH   OTR 1 515,254 0 0
PHX MINERALS INC CL A 69291A100 246 106,888 SH   SOLE N/A 106,888 0 0
RADNET INC COM 750491102 6,099 311,625 SH   OTR 1 311,625 0 0
RADNET INC COM 750491102 108 5,500 SH   SOLE N/A 5,500 0 0
REDBALL ACQUISITION CORP UNIT 99/99/9999 G7417R121 109 10,000 SH   OTR 1 10,000 0 0
SEA LTD SPONSORED ADS 81141R100 4,976 25,000 SH   OTR 1 25,000 0 0
SEACOR HOLDINGS INC COM 811904101 3,312 79,895 SH   OTR 1 79,895 0 0
SEACOR HOLDINGS INC COM 811904101 36 865 SH   SOLE N/A 865 0 0
SEACOR MARINE HOLDINGS INC COM 78413P101 1,147 423,378 SH   OTR 1 423,378 0 0
SEACOR MARINE HOLDINGS INC COM 78413P101 2 797 SH   SOLE N/A 797 0 0
SKYLINE CORP COM 830830105 6,733 217,610 SH   OTR 1 217,610 0 0
SPARK NETWORKS SE SPONSORED ADR 846517100 77 14,514 SH   OTR 1 14,514 0 0
SPECTRUM BRANDS HLDGS INC COM 84790A105 130 1,645 SH   OTR 1 1,645 0 0
SPECTRUM BRANDS HLDGS INC COM 84790A105 75 944 SH   SOLE N/A 944 0 0
SPOTIFY TECHNOLOGY S A SHS L8681T102 4,405 14,000 SH   OTR 1 14,000 0 0
TECHNIPFMC PLC COM G87110105 861 91,581 SH   OTR 1 91,581 0 0
TECHNIPFMC PLC COM G87110105 20 2,075 SH   SOLE N/A 2,075 0 0
TIDEWATER INC COM 88642R109 21,926 2,537,761 SH   OTR 1 2,537,761 0 0
TIDEWATER INC COM 88642R109 198 22,874 SH   SOLE N/A 22,874 0 0
TIDEWATER INC *W EXP 07/31/202 88642R117 53 118,831 SH   OTR 1 118,831 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 98 281,148 SH   OTR 1 281,148 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 4,933 333,097 SH   OTR 1 333,097 0 0
U M H PROPERTIES INC COM 903002103 136 9,200 SH   SOLE N/A 9,200 0 0
UBER TECHNOLOGIES INC COM 90353T100 2,550 50,000 SH   OTR 1 50,000 0 0
VENATOR MATLS PLC SHS G9329Z100 182 55,000 SH   OTR 1 55,000 0 0
VOYA FINANCIAL INC COM 929089100 676 11,500 SH   OTR 1 11,500 0 0
WESTERN DIGITAL CORP COM 958102105 7,868 142,040 SH   OTR 1 142,040 0 0
WESTERN DIGITAL CORP COM 958102105 111 2,000 SH   SOLE N/A 2,000 0 0
WESTLAKE CHEM CORP COM 960413102 21,115 258,761 SH   OTR 1 258,761 0 0
WESTLAKE CHEM CORP COM 960413102 295 3,615 SH   SOLE N/A 3,615 0 0
WYNDHAM DESTINATIONS INC COM 98310W108 3,057 68,145 SH   OTR 1 68,145 0 0