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 516 4,725 SH   SOLE N/A 4,725 0 0
AERCAP HOLDINGS NV SHS N00985106 4,637 78,939 SH   OTR 1 78,939 0 0
ALLISON TRANSMISSION HLDGS INC COM 01973R101 2,377 58,210 SH   OTR 1 58,210 0 0
ALTICE USA INC CL A 02156K103 651 20,000 SH   OTR 1 20,000 0 0
AMERCO COM 023586100 613 1,000 SH   OTR 1 1,000 0 0
AMERICAN EAGLE OUTFITTERS NE COM 02553E106 3,048 104,248 SH   OTR 1 104,248 0 0
AMREP CORP NEW COM 032159105 5,480 493,694 SH   OTR 1 493,694 0 0
AMREP CORP NEW COM 032159105 209 18,791 SH   SOLE N/A 18,791 0 0
ARES COML REAL ESTATE CORP COM 04013V108 274 20,000 SH   OTR 1 20,000 0 0
BERKSHIRE HATHAWAY INC DEL CL B 084670702 3,053 11,950 SH   OTR 1 11,950 0 0
BERKSHIRE HATHAWAY INC DEL CL B 084670702 31 120 SH   SOLE N/A 120 0 0
BLUEGREEN VACATIONS HLDG CORP CL A 096308101 1,786 96,320 SH   OTR 1 96,320 0 0
BLUEGREEN VACATIONS HLDG CORP CL A 096308101 68 3,666 SH   SOLE N/A 3,666 0 0
BUILDERS FIRSTSOURCE INC COM 12008R107 104,877 2,261,748 SH   OTR 1 2,261,748 0 0
BUILDERS FIRSTSOURCE INC COM 12008R107 9,432 203,399 SH   SOLE N/A 203,399 0 0
CACI INTL INC CL A 127190304 987 4,000 SH   OTR 1 4,000 0 0
CANADIAN NAT RES LTD COM 136385101 5,323 172,440 SH   OTR 1 172,440 0 0
CANADIAN NAT RES LTD COM 136385101 854 27,659 SH   SOLE N/A 27,659 0 0
CANADIAN SOLAR INC COM 136635109 3,952 79,637 SH   OTR 1 79,637 0 0
CARRIAGE SVCS INC COM 143905107 602 17,106 SH   OTR 1 17,106 0 0
CAVCO INDS INC DEL COM 149568107 7,716 34,199 SH   OTR 1 34,199 0 0
CAVCO INDS INC DEL COM 149568107 1,484 6,577 SH   SOLE N/A 6,577 0 0
CGI INC CL A SUB VTG 12532H104 583 7,000 SH   OTR 1 7,000 0 0
CHEMOURS CO COM 163851108 3,420 122,550 SH   OTR 1 122,550 0 0
CIM COMMERCIAL TRUST COM 125525584 6,027 467,550 SH   OTR 1 467,550 0 0
CIM COMMERCIAL TRUST COM 125525584 6 500 SH   SOLE N/A 500 0 0
CUMMINS INC COM 231021106 60 230 SH   OTR 1 230 0 0
CUMMINS INC COM 231021106 181 700 SH   SOLE N/A 700 0 0
DANA HOLDING CORP COM 235825205 12,480 512,960 SH   OTR 1 512,960 0 0
DANA HOLDING CORP COM 235825205 100 4,125 SH   SOLE N/A 4,125 0 0
DENNYS CORP COM 24869P104 272 15,000 SH   OTR 1 15,000 0 0
DIAMOND S SHIPPING INC COM Y20646105 251 25,000 SH   OTR 1 25,000 0 0
DORIAN LPG LTD SHS USD Y2106R110 1,865 142,067 SH   OTR 1 142,067 0 0
DORIAN LPG LTD COM Y2106R110 2 174 SH   SOLE N/A 174 0 0
ELASTIC N V ORD SHS N14506104 1,112 10,000 SH   OTR 1 10,000 0 0
EXTERRAN CORPORATION COM 30227H106 568 169,157 SH   OTR 1 169,157 0 0
EXTERRAN CORPORATION COM 30227H106 7 1,950 SH   SOLE N/A 1,950 0 0
FIVE POINT HOLDINGS LLC COM 33833Q106 1,380 182,500 SH   OTR 1 182,500 0 0
FIVE POINT HOLDINGS LLC COM 33833Q106 15 2,000 SH   SOLE N/A 2,000 0 0
FRP HLDGS INCORPORATED COM 30292L107 1,235 25,087 SH   OTR 1 25,087 0 0
GAN LIMITED ORD SHS G3728V109 6,165 338,748 SH   OTR 1 338,748 0 0
GRAFTECH INTERNATIONAL COM 384313508 8,388 685,820 SH   OTR 1 685,820 0 0
GRAFTECH INTERNATIONAL COM 384313508 13 1,050 SH   SOLE N/A 1,050 0 0
INSTEEL INDUSTRIES INC COM 45774W108 4,990 161,818 SH   OTR 1 161,818 0 0
JEFFERIES FINL GROUP INC COM 47233W109 12,057 400,569 SH   OTR 1 400,569 0 0
JEFFERIES FINL GROUP INC COM 47233W109 1,328 44,128 SH   SOLE N/A 44,128 0 0
L3HARRIS TECHNOLOGIES INC COM 502431109 689 3,400 SH   OTR 1 3,400 0 0
LEGACY HOUSING CORP COM 52472M101 3,215 181,320 SH   OTR 1 181,320 0 0
LIBERTY BROADBAND CORP COM SER A 530307107 726 5,000 SH   OTR 1 5,000 0 0
LIBERTY MEDIA CORP DEL COM A SIRIUSXM 531229409 220 5,000 SH   OTR 1 5,000 0 0
LINCOLN ELEC HLDGS INC COM 533900106 7,822 63,621 SH   OTR 1 63,621 0 0
LINCOLN ELEC HLDGS INC COM 533900106 22 175 SH   SOLE N/A 175 0 0
LOUISIANA PAC CORP COM 546347105 1,387 25,000 SH   OTR 1 25,000 0 0
LSB INDS INC COM 502160104 6,765 1,318,807 SH   OTR 1 1,318,807 0 0
LSB INDS INC COM 502160104 172 33,495 SH   SOLE N/A 33,495 0 0
MARKEL CORP COM 570535104 570 500 SH   OTR 1 500 0 0
MARSH & MCLENNAN COS INC COM 571748102 487 4,000 SH   OTR 1 4,000 0 0
MERCK & CO INC NEW COM 58933Y105 231 3,000 SH   OTR 1 3,000 0 0
METHODE ELECTRONICS INC COM 591520200 4,512 107,486 SH   OTR 1 107,486 0 0
MORGAN STANLEY COM NEW 617446448 699 9,000 SH   OTR 1 9,000 0 0
NEW HOME CO COM 645370107 524 100,000 SH   OTR 1 100,000 0 0
PETROLEO BRASILEIRO SA PETRO SPONSORED ADR 71654V408 424 50,000 SH   OTR 1 50,000 0 0
PHX MINERALS INC CL A 69291A100 1,479 515,254 SH   OTR 1 515,254 0 0
PHX MINERALS INC CL A 69291A100 329 114,673 SH   SOLE N/A 114,673 0 0
PREFORMED LINE PRODS CO COM 740444104 688 10,000 SH   OTR 1 10,000 0 0
PRICESMART INC COM 741511109 537 5,553 SH   OTR 1 5,553 0 0
RADNET INC COM 750491102 6,671 306,710 SH   OTR 1 306,710 0 0
RADNET INC COM 750491102 120 5,500 SH   SOLE N/A 5,500 0 0
RMR MORTGAGE TR COM 76970B101 748 62,301 SH   OTR 1 62,301 0 0
SEA LTD SPONSORED ADS 81141R100 6,697 30,000 SH   OTR 1 30,000 0 0
SEACOR MARINE HOLDINGS INC COM 78413P101 2,487 466,576 SH   OTR 1 466,576 0 0
SEACOR MARINE HOLDINGS INC COM 78413P101 4 797 SH   SOLE N/A 797 0 0
SKYLINE CORP COM 830830105 9,680 213,870 SH   OTR 1 213,870 0 0
SPARK NETWORKS SE SPONSORED ADR 846517100 108 14,514 SH   OTR 1 14,514 0 0
SPECTRUM BRANDS HLDGS INC COM 84790A105 140 1,645 SH   OTR 1 1,645 0 0
SPECTRUM BRANDS HLDGS INC COM 84790A105 80 944 SH   SOLE N/A 944 0 0
SPOTIFY TECHNOLOGY S A SHS L8681T102 3,751 14,000 SH   OTR 1 14,000 0 0
TECHNIPFMC PLC COM G87110105 694 89,916 SH   OTR 1 89,916 0 0
TECHNIPFMC PLC COM G87110105 16 2,075 SH   SOLE N/A 2,075 0 0
TELEFONICA BRASIL SA NEW ADR 87936R205 315 40,000 SH   OTR 1 40,000 0 0
TIDEWATER INC COM 88642R109 31,274 2,495,954 SH   OTR 1 2,495,954 0 0
TIDEWATER INC COM 88642R109 279 22,299 SH   SOLE N/A 22,299 0 0
TIDEWATER INC *W EXP 07/31/202 88642R117 161 107,437 SH   OTR 1 107,437 0 0
TIDEWATER INC *W EXP 07/31/202 88642R117 2 1,135 SH   SOLE N/A 1,135 0 0
TIDEWATER INC *W EXP 07/31/202 88642R125 364 277,596 SH   OTR 1 277,596 0 0
TIDEWATER INC *W EXP 07/31/202 88642R125 2 1,227 SH   SOLE N/A 1,227 0 0
TRAVEL PLUS LEISURE CO COM 894164102 4,103 67,090 SH   OTR 1 67,090 0 0
TURQUOISE HILL RES LTD COM 900435207 483 30,000 SH   OTR 1 30,000 0 0
U M H PROPERTIES INC COM 903002103 6,282 327,677 SH   OTR 1 327,677 0 0
U M H PROPERTIES INC COM 903002103 167 8,700 SH   SOLE N/A 8,700 0 0
UBER TECHNOLOGIES INC COM 90353T100 2,726 50,000 SH   OTR 1 50,000 0 0
VENATOR MATLS PLC SHS G9329Z100 116 25,000 SH   OTR 1 25,000 0 0
VIDLER WATER RESOURCES INC COM 92660E107 3,264 366,786 SH   OTR 1 366,786 0 0
VIDLER WATER RESOURCES INC COM 92660E107 42 4,775 SH   SOLE N/A 4,775 0 0
VOYA FINANCIAL INC COM 929089100 891 14,000 SH   OTR 1 14,000 0 0
WEST FRASER TIMBER CO LTD COM 952845105 29,536 409,997 SH   OTR 1 409,997 0 0
WEST FRASER TIMBER CO LTD COM 952845105 665 9,231 SH   SOLE N/A 9,231 0 0
WESTERN DIGITAL CORP COM 958102105 9,318 139,590 SH   OTR 1 139,590 0 0
WESTERN DIGITAL CORP COM 958102105 134 2,000 SH   SOLE N/A 2,000 0 0
WESTLAKE CHEM CORP COM 960413102 22,704 255,709 SH   OTR 1 255,709 0 0
WESTLAKE CHEM CORP COM 960413102 321 3,615 SH   SOLE N/A 3,615 0 0