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 430 4,725 SH   SOLE N/A 4,725 0 0
AERCAP HOLDINGS NV SHS N00985106 5,204 79,545 SH   OTR 1 79,545 0 0
ALLISON TRANSMISSION HLDGS INC COM 01973R101 2,108 57,980 SH   OTR 1 57,980 0 0
AMERCO COM 023586100 363 500 SH   OTR 1 500 0 0
AMERICAN EAGLE OUTFITTERS NE COM 02553E106 2,690 106,246 SH   OTR 1 106,246 0 0
AMERICAN EAGLE OUTFITTERS NE COM 02553E106 11 440 SH   SOLE N/A 440 0 0
AMREP CORP NEW COM 032159105 7,561 497,409 SH   OTR 1 497,409 0 0
AMREP CORP NEW COM 032159105 300 19,724 SH   SOLE N/A 19,724 0 0
BARRICK GOLD CORP COM 067901108 190 10,000 SH   OTR 1 10,000 0 0
BERKSHIRE HATHAWAY INC DEL CL B 084670702 3,480 11,639 SH   OTR 1 11,639 0 0
BLUEGREEN VACATIONS HLDG CORP CL A 096308101 3,310 94,295 SH   OTR 1 94,295 0 0
BLUEGREEN VACATIONS HLDG CORP CL A 096308101 129 3,666 SH   SOLE N/A 3,666 0 0
BUILDERS FIRSTSOURCE INC COM 12008R107 143,429 1,673,426 SH   OTR 1 1,673,426 0 0
BUILDERS FIRSTSOURCE INC COM 12008R107 15,422 179,938 SH   SOLE N/A 179,938 0 0
CACI INTL INC CL A 127190304 1,158 4,300 SH   OTR 1 4,300 0 0
CANADIAN NAT RES LTD COM 136385101 7,316 173,165 SH   OTR 1 173,165 0 0
CANADIAN NAT RES LTD COM 136385101 1,116 26,419 SH   SOLE N/A 26,419 0 0
CANADIAN SOLAR INC COM 136635109 2,550 81,481 SH   OTR 1 81,481 0 0
CARRIAGE SVCS INC COM 143905107 1,102 17,106 SH   OTR 1 17,106 0 0
CAVCO INDS INC DEL COM 149568107 10,752 33,849 SH   OTR 1 33,849 0 0
CAVCO INDS INC DEL COM 149568107 2,089 6,577 SH   SOLE N/A 6,577 0 0
CENTRAL SECS CORP COM 155123102 254 5,706 SH   OTR 1 5,706 0 0
CGI INC CL A SUB VTG 12532H104 1,018 11,500 SH   OTR 1 11,500 0 0
CHEMOURS CO COM 163851108 4,024 119,895 SH   OTR 1 119,895 0 0
CIM COMMERCIAL TRUST COM 125525584 1,012 137,702 SH   OTR 1 137,702 0 0
CUMMINS INC COM 231021106 50 230 SH   OTR 1 230 0 0
CUMMINS INC COM 231021106 153 700 SH   SOLE N/A 700 0 0
D MARKET ELECTR SVCS & TRADI SPONSORED ADS 23292B104 287 150,000 SH   OTR 1 150,000 0 0
DANA HOLDING CORP COM 235825205 11,618 509,095 SH   OTR 1 509,095 0 0
DANA HOLDING CORP COM 235825205 94 4,125 SH   SOLE N/A 4,125 0 0
ELASTIC N V ORD SHS N14506104 1,231 10,000 SH   OTR 1 10,000 0 0
EXTERRAN CORPORATION COM 30227H106 1,492 500,550 SH   OTR 1 500,550 0 0
EXTERRAN CORPORATION COM 30227H106 4 1,200 SH   SOLE N/A 1,200 0 0
FIVE POINT HOLDINGS LLC COM 33833Q106 736 112,500 SH   OTR 1 112,500 0 0
FIVE POINT HOLDINGS LLC COM 33833Q106 13 2,000 SH   SOLE N/A 2,000 0 0
FRANCO NEV CORP COM 351858105 277 2,000 SH   OTR 1 2,000 0 0
FRP HLDGS INCORPORATED COM 30292L107 1,509 26,113 SH   OTR 1 26,113 0 0
GAN LIMITED ORD SHS G3728V109 1,762 191,748 SH   OTR 1 191,748 0 0
GRAFTECH INTERNATIONAL COM 384313508 8,395 709,669 SH   OTR 1 709,669 0 0
GRAFTECH INTERNATIONAL COM 384313508 2 200 SH   SOLE N/A 200 0 0
INSTEEL INDUSTRIES INC COM 45774W108 10,175 255,601 SH   OTR 1 255,601 0 0
INTERNATIONAL SEAWAYS INC COM Y41053102 203 13,842 SH   OTR 1 13,842 0 0
JEFFERIES FINL GROUP INC COM 47233W109 15,499 399,448 SH   OTR 1 399,448 0 0
JEFFERIES FINL GROUP INC COM 47233W109 1,612 41,558 SH   SOLE N/A 41,558 0 0
KIRKLAND LAKE GOLD LTD COM 49741E100 671 16,000 SH   OTR 1 16,000 0 0
L3HARRIS TECHNOLOGIES INC COM 502431109 405 1,900 SH   OTR 1 1,900 0 0
LEGACY HOUSING CORP COM 52472M101 4,794 181,125 SH   OTR 1 181,125 0 0
LIBERTY BROADBAND CORP COM SER A 530307107 1,529 9,500 SH   OTR 1 9,500 0 0
LIBERTY MEDIA CORP DEL COM A SIRIUSXM 531229409 661 13,000 SH   OTR 1 13,000 0 0
LINCOLN ELEC HLDGS INC COM 533900106 9,062 64,978 SH   OTR 1 64,978 0 0
LINCOLN ELEC HLDGS INC COM 533900106 24 175 SH   SOLE N/A 175 0 0
LOUISIANA PAC CORP COM 546347105 2,002 25,550 SH   OTR 1 25,550 0 0
LSB INDS INC COM 502160104 19,048 1,723,817 SH   OTR 1 1,723,817 0 0
LSB INDS INC COM 502160104 471 42,634 SH   SOLE N/A 42,634 0 0
MADISON SQUARE GRDN SPRT COR CL A 55825T103 434 2,500 SH   OTR 1 2,500 0 0
MARKEL CORP COM 570535104 740 600 SH   OTR 1 600 0 0
MARSH & MCLENNAN COS INC COM 571748102 695 4,000 SH   OTR 1 4,000 0 0
MERCK & CO INC NEW COM 58933Y105 230 3,000 SH   OTR 1 3,000 0 0
METHODE ELECTRONICS INC COM 591520200 5,377 109,361 SH   OTR 1 109,361 0 0
MORGAN STANLEY COM NEW 617446448 687 7,000 SH   OTR 1 7,000 0 0
NOBLE CORP NEW SHS G6610J209 8,249 332,500 SH   OTR 1 332,500 0 0
OLIN CORP NEW COM PAR $1 680665205 7,642 132,856 SH   OTR 1 132,856 0 0
OLIN CORP NEW COM PAR $1 680665205 20 355 SH   SOLE N/A 355 0 0
PETROLEO BRASILEIRO SA PETRO SPONSORED ADR 71654V408 549 50,000 SH   OTR 1 50,000 0 0
PINDUODUO INC SPONSORED ADS 722304102 350 6,000 SH   OTR 1 6,000 0 0
PREFORMED LINE PRODS CO COM 740444104 647 10,000 SH   OTR 1 10,000 0 0
PRICESMART INC COM 741511109 406 5,553 SH   OTR 1 5,553 0 0
PHX MINERALS INC CL A 69291A100 1,107 510,304 SH   OTR 1 510,304 0 0
PHX MINERALS INC CL A 69291A100 236 108,873 SH   SOLE N/A 108,873 0 0
RADNET INC COM 750491102 9,287 308,445 SH   OTR 1 308,445 0 0
RADNET INC COM 750491102 142 4,700 SH   SOLE N/A 4,700 0 0
SEA LTD SPONSORED ADS 81141R100 6,711 30,000 SH   OTR 1 30,000 0 0
SEACOR MARINE HOLDINGS INC COM 78413P101 1,762 518,166 SH   OTR 1 518,166 0 0
SEACOR MARINE HOLDINGS INC COM 78413P101 2 697 SH   SOLE N/A 697 0 0
SEVEN HILLS REALTY TRUST COM 81784E101 1,205 116,053 SH   OTR 1 116,053 0 0
SKYLINE CORP COM 830830105 16,758 212,180 SH   OTR 1 212,180 0 0
SPOTIFY TECHNOLOGY S A SHS L8681T102 3,276 14,000 SH   OTR 1 14,000 0 0
TECHNIPFMC PLC COM G87110105 291 49,074 SH   OTR 1 49,074 0 0
TECHNIPFMC PLC COM G87110105 11 1,825 SH   SOLE N/A 1,825 0 0
TECK RESOURCES INC CL B 878742204 2,882 100,000 SH   OTR 1 100,000 0 0
TELEFONICA BRASIL SA NEW ADR 87936R205 346 40,000 SH   OTR 1 40,000 0 0
TIDEWATER INC COM 88642R109 26,483 2,472,773 SH   OTR 1 2,472,773 0 0
TIDEWATER INC COM 88642R109 1,214 113,361 SH   SOLE N/A 113,361 0 0
TIDEWATER INC *W EXP 07/31/202 88642R117 4 85,468 SH   OTR 1 85,468 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 80 243,778 SH   OTR 1 243,778 0 0
TIDEWATER INC *W EXP 07/31/202 88642R125 0 1,227 SH   SOLE N/A 1,227 0 0
TRAVEL PLUS LEISURE CO COM 894164102 3,730 67,495 SH   OTR 1 67,495 0 0
TURQUOISE HILL RES LTD COM 900435207 494 30,000 SH   OTR 1 30,000 0 0
U M H PROPERTIES INC COM 903002103 8,929 326,725 SH   OTR 1 326,725 0 0
U M H PROPERTIES INC COM 903002103 221 8,100 SH   SOLE N/A 8,100 0 0
UBER TECHNOLOGIES INC COM 90353T100 2,097 50,000 SH   OTR 1 50,000 0 0
VALARIS LIMITED CL A G9460G101 1,800 50,000 SH   OTR 1 50,000 0 0
VIDLER WATER RESOURCES INC COM 92660E107 4,312 356,926 SH   OTR 1 356,926 0 0
VIDLER WATER RESOURCES INC COM 92660E107 52 4,275 SH   SOLE N/A 4,275 0 0
VOYA FINANCIAL INC COM 929089100 928 14,000 SH   OTR 1 14,000 0 0
WEST FRASER TIMBER CO LTD COM 952845105 39,440 413,592 SH   OTR 1 413,592 0 0
WEST FRASER TIMBER CO LTD COM 952845105 838 8,786 SH   SOLE N/A 8,786 0 0
WESTERN DIGITAL CORP COM 958102105 9,013 138,216 SH   OTR 1 138,216 0 0
WESTERN DIGITAL CORP COM 958102105 130 2,000 SH   SOLE N/A 2,000 0 0
WESTLAKE CHEM CORP COM 960413102 12,451 128,184 SH   OTR 1 128,184 0 0
WESTLAKE CHEM CORP COM 960413102 366 3,765 SH   SOLE N/A 3,765 0 0