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 533 4,725 SH   SOLE N/A 4,725 0 0
AERCAP HOLDINGS NV SHS N00985106 4,104 80,144 SH   OTR 1 80,144 0 0
ALLISON TRANSMISSION HLDGS INC COM 01973R101 2,304 57,980 SH   OTR 1 57,980 0 0
ALTICE USA INC CL A 02156K103 683 20,000 SH   OTR 1 20,000 0 0
AMERCO COM 023586100 589 1,000 SH   OTR 1 1,000 0 0
AMERICAN EAGLE OUTFITTERS NE COM 02553E106 3,971 105,818 SH   OTR 1 105,818 0 0
AMREP CORP NEW COM 032159105 5,836 500,554 SH   OTR 1 500,554 0 0
AMREP CORP NEW COM 032159105 207 17,751 SH   SOLE N/A 17,751 0 0
BARRICK GOLD CORP COM 067901108 414 20,000 SH   OTR 1 20,000 0 0
BERKSHIRE HATHAWAY INC DEL CL B 084670702 3,423 12,315 SH   OTR 1 12,315 0 0
BLUEGREEN VACATIONS HLDG CORP CL A 096308101 1,704 94,645 SH   OTR 1 94,645 0 0
BLUEGREEN VACATIONS HLDG CORP CL A 096308101 66 3,666 SH   SOLE N/A 3,666 0 0
BUILDERS FIRSTSOURCE INC COM 12008R107 89,776 2,104,458 SH   OTR 1 2,104,458 0 0
BUILDERS FIRSTSOURCE INC COM 12008R107 7,825 183,433 SH   SOLE N/A 183,433 0 0
CACI INTL INC CL A 127190304 1,020 4,000 SH   OTR 1 4,000 0 0
CANADIAN NAT RES LTD COM 136385101 6,410 176,675 SH   OTR 1 176,675 0 0
CANADIAN NAT RES LTD COM 136385101 958 26,419 SH   SOLE N/A 26,419 0 0
CANADIAN SOLAR INC COM 136635109 3,658 81,587 SH   OTR 1 81,587 0 0
CARRIAGE SVCS INC COM 143905107 632 17,106 SH   OTR 1 17,106 0 0
CAVCO INDS INC DEL COM 149568107 7,583 34,128 SH   OTR 1 34,128 0 0
CAVCO INDS INC DEL COM 149568107 1,461 6,577 SH   SOLE N/A 6,577 0 0
CENTRAL SECS CORP COM 155123102 221 5,242 SH   OTR 1 5,242 0 0
CGI INC CL A SUB VTG 12532H104 725 8,000 SH   OTR 1 8,000 0 0
CHEMOURS CO COM 163851108 4,242 121,895 SH   OTR 1 121,895 0 0
CIM COMMERCIAL TRUST COM 125525584 4,185 467,550 SH   OTR 1 467,550 0 0
CUMMINS INC COM 231021106 56 230 SH   OTR 1 230 0 0
CUMMINS INC COM 231021106 171 700 SH   SOLE N/A 700 0 0
DANA HOLDING CORP COM 235825205 12,269 516,375 SH   OTR 1 516,375 0 0
DANA HOLDING CORP COM 235825205 98 4,125 SH   SOLE N/A 4,125 0 0
DIAMOND S SHIPPING INC COM Y20646105 249 25,000 SH   OTR 1 25,000 0 0
ELASTIC N V ORD SHS N14506104 1,458 10,000 SH   OTR 1 10,000 0 0
EQUITY COMWLTH COM SH BEN INT 294628102 590 22,500 SH   OTR 1 22,500 0 0
EXTERRAN CORPORATION COM 30227H106 1,494 313,837 SH   OTR 1 313,837 0 0
EXTERRAN CORPORATION COM 30227H106 9 1,950 SH   SOLE N/A 1,950 0 0
FIVE POINT HOLDINGS LLC COM 33833Q106 1,475 182,500 SH   OTR 1 182,500 0 0
FIVE POINT HOLDINGS LLC COM 33833Q106 16 2,000 SH   SOLE N/A 2,000 0 0
FRP HLDGS INCORPORATED COM 30292L107 1,397 25,087 SH   OTR 1 25,087 0 0
GAN LIMITED ORD SHS G3728V109 3,925 238,748 SH   OTR 1 238,748 0 0
GRAFTECH INTERNATIONAL COM 384313508 8,169 703,050 SH   OTR 1 703,050 0 0
GRAFTECH INTERNATIONAL COM 384313508 2 200 SH   SOLE N/A 200 0 0
GUESS INC COM 401617105 206 7,800 SH   OTR 1 7,800 0 0
INSTEEL INDUSTRIES INC COM 45774W108 8,277 257,455 SH   OTR 1 257,455 0 0
JEFFERIES FINL GROUP INC COM 47233W109 13,919 406,992 SH   OTR 1 406,992 0 0
JEFFERIES FINL GROUP INC COM 47233W109 1,421 41,558 SH   SOLE N/A 41,558 0 0
KIRKLAND LAKE GOLD LTD COM 49741E100 270 7,000 SH   OTR 1 7,000 0 0
L3HARRIS TECHNOLOGIES INC COM 502431109 735 3,400 SH   OTR 1 3,400 0 0
LEGACY HOUSING CORP COM 52472M101 3,061 181,020 SH   OTR 1 181,020 0 0
LIBERTY BROADBAND CORP COM SER A 530307107 841 5,000 SH   OTR 1 5,000 0 0
LIBERTY MEDIA CORP DEL COM A SIRIUSXM 531229409 652 14,000 SH   OTR 1 14,000 0 0
LINCOLN ELEC HLDGS INC COM 533900106 8,621 65,451 SH   OTR 1 65,451 0 0
LINCOLN ELEC HLDGS INC COM 533900106 23 175 SH   SOLE N/A 175 0 0
LIQUIDITY SERVICES INC COM 53635B107 202 7,950 SH   SOLE N/A 7,950 0 0
LOUISIANA PAC CORP COM 546347105 1,507 25,000 SH   OTR 1 25,000 0 0
LSB INDS INC COM 502160104 8,125 1,342,997 SH   OTR 1 1,342,997 0 0
LSB INDS INC COM 502160104 197 32,795 SH   SOLE N/A 32,795 0 0
MARKEL CORP COM 570535104 593 500 SH   OTR 1 500 0 0
MARSH & MCLENNAN COS INC COM 571748102 563 4,000 SH   OTR 1 4,000 0 0
MERCK & CO INC NEW COM 58933Y105 233 3,000 SH   OTR 1 3,000 0 0
METHODE ELECTRONICS INC COM 591520200 5,428 110,301 SH   OTR 1 110,301 0 0
MORGAN STANLEY COM NEW 617446448 825 9,000 SH   OTR 1 9,000 0 0
NEW HOME CO COM 645370107 587 100,000 SH   OTR 1 100,000 0 0
NOBLE CORP NEW SHS G6610J209 1,422 57,500 SH   OTR 1 57,500 0 0
OLIN CORP NEW COM PAR $1 680665205 4,975 107,550 SH   OTR 1 107,550 0 0
OLIN CORP NEW COM PAR $1 680665205 16 355 SH   SOLE N/A 355 0 0
PETROLEO BRASILEIRO SA PETRO SPONSORED ADR 71654V408 612 50,000 SH   OTR 1 50,000 0 0
PREFORMED LINE PRODS CO COM 740444104 742 10,000 SH   OTR 1 10,000 0 0
PRICESMART INC COM 741511109 505 5,553 SH   OTR 1 5,553 0 0
PHX MINERALS INC CL A 69291A100 1,913 514,154 SH   OTR 1 514,154 0 0
PHX MINERALS INC CL A 69291A100 405 108,873 SH   SOLE N/A 108,873 0 0
RADNET INC COM 750491102 10,543 312,940 SH   OTR 1 312,940 0 0
RADNET INC COM 750491102 158 4,700 SH   SOLE N/A 4,700 0 0
RMR MORTGAGE TR COM 76970B101 743 62,301 SH   OTR 1 62,301 0 0
SEA LTD SPONSORED ADS 81141R100 8,238 30,000 SH   OTR 1 30,000 0 0
SEACOR MARINE HOLDINGS INC COM 78413P101 1,685 382,146 SH   OTR 1 382,146 0 0
SEACOR MARINE HOLDINGS INC COM 78413P101 3 697 SH   SOLE N/A 697 0 0
SKYLINE CORP COM 830830105 11,378 213,480 SH   OTR 1 213,480 0 0
SPOTIFY TECHNOLOGY S A SHS L8681T102 3,858 14,000 SH   OTR 1 14,000 0 0
TECHNIPFMC PLC COM G87110105 879 97,156 SH   OTR 1 97,156 0 0
TECHNIPFMC PLC COM G87110105 17 1,825 SH   SOLE N/A 1,825 0 0
TELEFONICA BRASIL SA NEW ADR 87936R205 340 40,000 SH   OTR 1 40,000 0 0
TIDEWATER INC COM 88642R109 30,086 2,496,750 SH   OTR 1 2,496,750 0 0
TIDEWATER INC COM 88642R109 269 22,299 SH   SOLE N/A 22,299 0 0
TIDEWATER INC *W EXP 07/31/202 88642R117 132 108,717 SH   OTR 1 108,717 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 273 279,018 SH   OTR 1 279,018 0 0
TIDEWATER INC *W EXP 07/31/202 88642R125 1 1,227 SH   SOLE N/A 1,227 0 0
TURQUOISE HILL RES LTD COM 900435207 506 30,000 SH   OTR 1 30,000 0 0
U M H PROPERTIES INC COM 903002103 7,271 333,227 SH   OTR 1 333,227 0 0
U M H PROPERTIES INC COM 903002103 177 8,100 SH   SOLE N/A 8,100 0 0
UBER TECHNOLOGIES INC COM 90353T100 2,506 50,000 SH   OTR 1 50,000 0 0
VALARIS LIMITED CL A G9460G101 1,444 50,000 SH   OTR 1 50,000 0 0
VIDLER WATER RESOURCES INC COM 92660E107 4,873 366,386 SH   OTR 1 366,386 0 0
VIDLER WATER RESOURCES INC COM 92660E107 57 4,275 SH   SOLE N/A 4,275 0 0
VOYA FINANCIAL INC COM 929089100 861 14,000 SH   OTR 1 14,000 0 0
WEST FRASER TIMBER CO LTD COM 952845105 29,761 415,191 SH   OTR 1 415,191 0 0
WEST FRASER TIMBER CO LTD COM 952845105 632 8,786 SH   SOLE N/A 8,786 0 0
WESTERN DIGITAL CORP COM 958102105 10,037 141,030 SH   OTR 1 141,030 0 0
WESTERN DIGITAL CORP COM 958102105 142 2,000 SH   SOLE N/A 2,000 0 0
WESTLAKE CHEM CORP COM 960413102 20,443 226,915 SH   OTR 1 226,915 0 0
WESTLAKE CHEM CORP COM 960413102 312 3,465 SH   SOLE N/A 3,465 0 0