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 415 4,725 SH   SOLE N/A 4,725 0 0
AERCAP HOLDINGS NV SHS N00985106 4,657 80,549 SH   OTR 1 80,549 0 0
ALLISON TRANSMISSION HLDGS INC COM 01973R101 2,048 57,980 SH   OTR 1 57,980 0 0
ALTICE USA INC CL A 02156K103 456 22,000 SH   OTR 1 22,000 0 0
AMERCO COM 023586100 323 500 SH   OTR 1 500 0 0
AMERICAN EAGLE OUTFITTERS NE COM 02553E106 2,739 106,173 SH   OTR 1 106,173 0 0
AMREP CORP NEW COM 032159105 7,859 500,554 SH   OTR 1 500,554 0 0
AMREP CORP NEW COM 032159105 279 17,751 SH   SOLE N/A 17,751 0 0
BARRICK GOLD CORP COM 067901108 451 25,000 SH   OTR 1 25,000 0 0
BERKSHIRE HATHAWAY INC DEL CL B 084670702 3,257 11,932 SH   OTR 1 11,932 0 0
BLACKSTONE MTG TR INC COM CL A 09257W100 273 9,000 SH   OTR 1 9,000 0 0
BLUEGREEN VACATIONS HLDG CORP CL A 096308101 2,442 94,645 SH   OTR 1 94,645 0 0
BLUEGREEN VACATIONS HLDG CORP CL A 096308101 95 3,666 SH   SOLE N/A 3,666 0 0
BUILDERS FIRSTSOURCE INC COM 12008R107 107,071 2,069,414 SH   OTR 1 2,069,414 0 0
BUILDERS FIRSTSOURCE INC COM 12008R107 9,433 182,313 SH   SOLE N/A 182,313 0 0
CACI INTL INC CL A 127190304 1,048 4,000 SH   OTR 1 4,000 0 0
CANADIAN NAT RES LTD COM 136385101 6,438 176,200 SH   OTR 1 176,200 0 0
CANADIAN NAT RES LTD COM 136385101 965 26,419 SH   SOLE N/A 26,419 0 0
CANADIAN SOLAR INC COM 136635109 2,998 82,107 SH   OTR 1 82,107 0 0
CARRIAGE SVCS INC COM 143905107 763 17,106 SH   OTR 1 17,106 0 0
CAVCO INDS INC DEL COM 149568107 8,079 34,128 SH   OTR 1 34,128 0 0
CAVCO INDS INC DEL COM 149568107 1,557 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 763 9,000 SH   OTR 1 9,000 0 0
CHEMOURS CO COM 163851108 3,542 121,895 SH   OTR 1 121,895 0 0
CIM COMMERCIAL TRUST COM 125525584 3,810 420,550 SH   OTR 1 420,550 0 0
CUMMINS INC COM 231021106 52 230 SH   OTR 1 230 0 0
CUMMINS INC COM 231021106 157 700 SH   SOLE N/A 700 0 0
DANA HOLDING CORP COM 235825205 11,494 516,815 SH   OTR 1 516,815 0 0
DANA HOLDING CORP COM 235825205 92 4,125 SH   SOLE N/A 4,125 0 0
ELASTIC N V ORD SHS N14506104 1,490 10,000 SH   OTR 1 10,000 0 0
EQUITY COMWLTH COM SH BEN INT 294628102 1,117 43,000 SH   OTR 1 43,000 0 0
EXTERRAN CORPORATION COM 30227H106 890 200,550 SH   OTR 1 200,550 0 0
EXTERRAN CORPORATION COM 30227H106 9 1,950 SH   SOLE N/A 1,950 0 0
FIVE POINT HOLDINGS LLC COM 33833Q106 1,429 182,500 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 1,404 25,113 SH   OTR 1 25,113 0 0
GAN LIMITED ORD SHS G3728V109 3,550 238,748 SH   OTR 1 238,748 0 0
GRAFTECH INTERNATIONAL COM 384313508 7,332 710,475 SH   OTR 1 710,475 0 0
GRAFTECH INTERNATIONAL COM 384313508 2 200 SH   SOLE N/A 200 0 0
INSTEEL INDUSTRIES INC COM 45774W108 9,842 258,650 SH   OTR 1 258,650 0 0
INTERNATIONAL SEAWAYS INC COM Y41053102 252 13,842 SH   OTR 1 13,842 0 0
JEFFERIES FINL GROUP INC COM 47233W109 15,053 405,412 SH   OTR 1 405,412 0 0
JEFFERIES FINL GROUP INC COM 47233W109 1,543 41,558 SH   SOLE N/A 41,558 0 0
KIRKLAND LAKE GOLD LTD COM 49741E100 582 14,000 SH   OTR 1 14,000 0 0
L3HARRIS TECHNOLOGIES INC COM 502431109 418 1,900 SH   OTR 1 1,900 0 0
LEGACY HOUSING CORP COM 52472M101 3,290 183,110 SH   OTR 1 183,110 0 0
LIBERTY BROADBAND CORP COM SER A 530307107 842 5,000 SH   OTR 1 5,000 0 0
LIBERTY MEDIA CORP DEL COM A SIRIUSXM 531229409 519 11,000 SH   OTR 1 11,000 0 0
LINCOLN ELEC HLDGS INC COM 533900106 8,479 65,835 SH   OTR 1 65,835 0 0
LINCOLN ELEC HLDGS INC COM 533900106 23 175 SH   SOLE N/A 175 0 0
LOUISIANA PAC CORP COM 546347105 1,568 25,550 SH   OTR 1 25,550 0 0
LSB INDS INC COM 502160104 13,675 1,339,362 SH   OTR 1 1,339,362 0 0
LSB INDS INC COM 502160104 335 32,795 SH   SOLE N/A 32,795 0 0
MARKEL CORP COM 570535104 598 500 SH   OTR 1 500 0 0
MARSH & MCLENNAN COS INC COM 571748102 606 4,000 SH   OTR 1 4,000 0 0
MERCK & CO INC NEW COM 58933Y105 225 3,000 SH   OTR 1 3,000 0 0
METHODE ELECTRONICS INC COM 591520200 4,675 111,181 SH   OTR 1 111,181 0 0
MORGAN STANLEY COM NEW 617446448 681 7,000 SH   OTR 1 7,000 0 0
NOBLE CORP NEW SHS G6610J209 8,321 307,500 SH   OTR 1 307,500 0 0
OLIN CORP NEW COM PAR $1 680665205 5,233 108,450 SH   OTR 1 108,450 0 0
OLIN CORP NEW COM PAR $1 680665205 17 355 SH   SOLE N/A 355 0 0
PETROLEO BRASILEIRO SA PETRO SPONSORED ADR 71654V408 189 18,250 SH   OTR 1 18,250 0 0
PREFORMED LINE PRODS CO COM 740444104 650 10,000 SH   OTR 1 10,000 0 0
PRICESMART INC COM 741511109 431 5,553 SH   OTR 1 5,553 0 0
PHX MINERALS INC CL A 69291A100 1,562 510,304 SH   OTR 1 510,304 0 0
PHX MINERALS INC CL A 69291A100 333 108,873 SH   SOLE N/A 108,873 0 0
RADNET INC COM 750491102 9,184 313,350 SH   OTR 1 313,350 0 0
RADNET INC COM 750491102 138 4,700 SH   SOLE N/A 4,700 0 0
RMR MORTGAGE TR COM 76970B101 642 62,301 SH   OTR 1 62,301 0 0
SEA LTD SPONSORED ADS 81141R100 9,562 30,000 SH   OTR 1 30,000 0 0
SEACOR MARINE HOLDINGS INC COM 78413P101 1,776 383,516 SH   OTR 1 383,516 0 0
SEACOR MARINE HOLDINGS INC COM 78413P101 3 697 SH   SOLE N/A 697 0 0
SKYLINE CORP COM 830830105 12,822 213,480 SH   OTR 1 213,480 0 0
SPOTIFY TECHNOLOGY S A SHS L8681T102 3,155 14,000 SH   OTR 1 14,000 0 0
TECHNIPFMC PLC COM G87110105 735 97,581 SH   OTR 1 97,581 0 0
TECHNIPFMC PLC COM G87110105 14 1,825 SH   SOLE N/A 1,825 0 0
TELEFONICA BRASIL SA NEW ADR 87936R205 310 40,000 SH   OTR 1 40,000 0 0
TIDEWATER INC COM 88642R109 30,111 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 103 108,717 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 193 278,980 SH   OTR 1 278,980 0 0
TIDEWATER INC *W EXP 07/31/202 88642R125 1 1,227 SH   SOLE N/A 1,227 0 0
TRAVEL PLUS LEISURE CO COM 894164102 3,741 68,610 SH   OTR 1 68,610 0 0
TURQUOISE HILL RES LTD COM 900435207 443 30,000 SH   OTR 1 30,000 0 0
U M H PROPERTIES INC COM 903002103 7,583 331,137 SH   OTR 1 331,137 0 0
U M H PROPERTIES INC COM 903002103 185 8,100 SH   SOLE N/A 8,100 0 0
UBER TECHNOLOGIES INC COM 90353T100 2,240 50,000 SH   OTR 1 50,000 0 0
VALARIS LIMITED CL A G9460G101 1,744 50,000 SH   OTR 1 50,000 0 0
VIDLER WATER RESOURCES INC COM 92660E107 4,169 366,386 SH   OTR 1 366,386 0 0
VIDLER WATER RESOURCES INC COM 92660E107 49 4,275 SH   SOLE N/A 4,275 0 0
VOYA FINANCIAL INC COM 929089100 859 14,000 SH   OTR 1 14,000 0 0
WEST FRASER TIMBER CO LTD COM 952845105 35,036 415,961 SH   OTR 1 415,961 0 0
WEST FRASER TIMBER CO LTD COM 952845105 740 8,786 SH   SOLE N/A 8,786 0 0
WESTERN DIGITAL CORP COM 958102105 7,951 140,878 SH   OTR 1 140,878 0 0
WESTERN DIGITAL CORP COM 958102105 113 2,000 SH   SOLE N/A 2,000 0 0
WESTLAKE CHEM CORP COM 960413102 20,735 227,505 SH   OTR 1 227,505 0 0
WESTLAKE CHEM CORP COM 960413102 316 3,465 SH   SOLE N/A 3,465 0 0