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 407 4,725 SH   SOLE N/A 4,725 0 0
AERCAP HOLDINGS NV SHS N00985106 4,009 79,735 SH   OTR 1 79,735 0 0
AGNICO EAGLE MINES LTD COM 008474108 674 11,000 SH   OTR 1 11,000 0 0
ALLISON TRANSMISSION HLDGS INC COM 01973R101 2,316 58,990 SH   OTR 1 58,990 0 0
ALPHA TAU MEDICAL LTD *W EXP 03/07/2028 M0740A116 31 50,000 SH   OTR 1 50,000 0 0
AMERCO COM 023586100 298 500 SH   OTR 1 500 0 0
AMERICAN EAGLE OUTFITTERS NE COM 02553E106 1,811 107,804 SH   OTR 1 107,804 0 0
AMERICAN EAGLE OUTFITTERS NE COM 02553E106 7 440 SH   SOLE N/A 440 0 0
AMREP CORP NEW COM 032159105 6,725 497,409 SH   OTR 1 497,409 0 0
AMREP CORP NEW COM 032159105 267 19,724 SH   SOLE N/A 197,234 0 0
BARRICK GOLD CORP COM 067901108 245 10,000 SH   OTR 1 10,000 0 0
BLUEGREEN VACATIONS HLDG CORP CL A 096308101 2,716 91,842 SH   OTR 1 91,842 0 0
BLUEGREEN VACATIONS HLDG CORP CL A 096308101 137 4,618 SH   SOLE N/A 4,618 0 0
BUILDERS FIRSTSOURCE INC COM 12008R107 104,384 1,617,361 SH   OTR 1 1,617,361 0 0
BUILDERS FIRSTSOURCE INC COM 12008R107 11,402 176,663 SH   SOLE N/A 176,663 0 0
CACI INTL INC CL A 127190304 1,506 5,000 SH   OTR 1 5,000 0 0
CANADIAN NAT RES LTD COM 136385101 9,417 151,930 SH   OTR 1 151,930 0 0
CANADIAN NAT RES LTD COM 136385101 1,740 28,079 SH   SOLE N/A 28,079 0 0
CANADIAN SOLAR INC COM 136635109 2,905 82,167 SH   OTR 1 82,167 0 0
CAVCO INDS INC DEL COM 149568107 8,161 33,883 SH   OTR 1 33,883 0 0
CAVCO INDS INC DEL COM 149568107 1,584 6,577 SH   SOLE N/A 6,577 0 0
CENTRAL SECS CORP COM 155123102 360 8,706 SH   OTR 1 8,706 0 0
CGI INC CL A SUB VTG 12532H104 998 12,500 SH   OTR 1 12,500 0 0
CHEMOURS CO COM 163851108 3,783 120,175 SH   OTR 1 120,175 0 0
CREATIVE MEDIA & CMNTY TR COM NEW 125525584 1,066 137,702 SH   OTR 1 137,702 0 0
DANA HOLDING CORP COM 235825205 8,917 507,505 SH   OTR 1 507,505 0 0
DANA HOLDING CORP COM 235825205 72 4,125 SH   SOLE N/A 4,125 0 0
DORCHESTER MINERALS COM 25820R105 130 5,000 SH   OTR 1 5,000 0 0
DORCHESTER MINERALS COM 25820R105 104 4,025 SH   SOLE N/A 4,025 0 0
EXTERRAN CORPORATION COM 30227H106 7,760 1,249,570 SH   OTR 1 1,249,570 0 0
EXTERRAN CORPORATION COM 30227H106 7 1,200 SH   SOLE N/A 1,200 0 0
FIVE POINT HOLDINGS LLC COM 33833Q106 687 112,500 SH   OTR 1 112,500 0 0
FIVE POINT HOLDINGS LLC COM 33833Q106 12 2,000 SH   SOLE N/A 2,000 0 0
FRANCO NEV CORP COM 351858105 479 3,000 SH   OTR 1 3,000 0 0
FRP HLDGS INCORPORATED COM 30292L107 1,509 26,113 SH   OTR 1 26,113 0 0
GRAFTECH INTERNATIONAL COM 384313508 8,559 889,663 SH   OTR 1 889,663 0 0
GRAFTECH INTERNATIONAL COM 384313508 2 200 SH   SOLE N/A 200 0 0
GRINDROD SHIPPING HOLDINGS L SHS Y28895103 2,544 100,000 SH   OTR 1 100,000 0 0
INSTEEL INDUSTRIES INC COM 45774W108 9,457 255,671 SH   OTR 1 255,671 0 0
INTERNATIONAL SEAWAYS INC COM Y41053102 250 13,842 SH   OTR 1 13,842 0 0
JEFFERIES FINL GROUP INC COM 47233W109 12,985 395,284 SH   OTR 1 395,284 0 0
JEFFERIES FINL GROUP INC COM 47233W109 1,355 41,258 SH   SOLE N/A 41,258 0 0
LEGACY HOUSING CORP COM 52472M101 3,892 181,345 SH   OTR 1 181,345 0 0
LIBERTY BROADBAND CORP COM SER A 530307107 1,638 12,500 SH   OTR 1 12,500 0 0
LIBERTY MEDIA CORP DEL COM A SIRIUSXM 531229409 731 16,000 SH   OTR 1 16,000 0 0
LINCOLN ELEC HLDGS INC COM 533900106 9,031 65,534 SH   OTR 1 65,534 0 0
LINCOLN ELEC HLDGS INC COM 533900106 24 175 SH   SOLE N/A 175 0 0
LOUISIANA PAC CORP COM 546347105 1,686 27,140 SH   OTR 1 27,140 0 0
LSB INDS INC COM 502160104 34,876 1,596,864 SH   OTR 1 1,596,864 0 0
LSB INDS INC COM 502160104 968 44,324 SH   SOLE N/A 44,324 0 0
MADISON SQUARE GRDN SPRT COR CL A 55825T103 807 4,500 SH   OTR 1 4,500 0 0
MARKEL CORP COM 570535104 1,475 1,000 SH   OTR 1 1,000 0 0
MARSH & MCLENNAN COS INC COM 571748102 682 4,000 SH   OTR 1 4,000 0 0
MERCK & CO INC NEW COM 58933Y105 246 3,000 SH   OTR 1 3,000 0 0
METHODE ELECTRONICS INC COM 591520200 4,744 109,691 SH   OTR 1 109,691 0 0
MORGAN STANLEY COM NEW 617446448 612 7,000 SH   OTR 1 7,000 0 0
MORGAN STANLEY COM NEW 617446448 19 215 SH   SOLE N/A 215 0 0
NOBLE CORP NEW SHS G6610J209 11,654 332,500 SH   OTR 1 332,500 0 0
OLIN CORP NEW COM PAR $1 680665205 6,947 132,886 SH   OTR 1 132,886 0 0
OLIN CORP NEW COM PAR $1 680665205 18 335 SH   SOLE N/A 335 0 0
PETROLEO BRASILEIRO SA PETRO SPONSORED ADR 71654V408 740 50,000 SH   OTR 1 50,000 0 0
PREFORMED LINE PRODS CO COM 740444104 634 10,000 SH   OTR 1 10,000 0 0
PRICESMART INC COM 741511109 438 5,553 SH   OTR 1 5,553 0 0
PRICESMART INC COM 741511109 79 1,000 SH   SOLE N/A 1,000 0 0
PHX MINERALS INC CL A 69291A100 43 13,936 SH   OTR 1 13,936 0 0
PHX MINERALS INC CL A 69291A100 352 115,123 SH   SOLE N/A 115,123 0 0
RADNET INC COM 750491102 6,862 306,755 SH   OTR 1 306,755 0 0
RADNET INC COM 750491102 105 4,700 SH   SOLE N/A 4,700 0 0
SEA LTD SPONSORED ADS 81141R100 3,594 30,000 SH   OTR 1 30,000 0 0
SEACOR MARINE HOLDINGS INC COM 78413P101 4,220 522,926 SH   OTR 1 522,926 0 0
SEACOR MARINE HOLDINGS INC COM 78413P101 6 697 SH   SOLE N/A 697 0 0
SEVEN HILLS REALTY TRUST COM 81784E101 1,292 116,053 SH   OTR 1 116,053 0 0
SKYLINE CORP COM 830830105 11,659 212,450 SH   OTR 1 212,450 0 0
SPECTRUM BRANDS HLDGS INC COM 84790A105 793 8,936 SH   SOLE N/A 8,936 0 0
SPOTIFY TECHNOLOGY S A SHS L8681T102 4,380 29,000 SH   OTR 1 29,000 0 0
TECHNIPFMC PLC COM G87110105 4,580 590,964 SH   OTR 1 590,964 0 0
TECHNIPFMC PLC COM G87110105 13 1,650 SH   SOLE N/A 1,650 0 0
TECK RESOURCES INC CL B 878742204 4,039 100,000 SH   OTR 1 100,000 0 0
TIDEWATER INC COM 88642R109 53,761 2,472,913 SH   OTR 1 2,472,913 0 0
TIDEWATER INC COM 88642R109 2,464 113,361 SH   SOLE N/A 113,361 0 0
TIDEWATER INC *W EXP 07/31/202 88642R117 78 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 137 243,778 SH   OTR 1 243,778 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 3,921 67,675 SH   OTR 1 67,675 0 0
TURQUOISE HILL RES LTD COM 900435207 901 30,000 SH   OTR 1 30,000 0 0
U M H PROPERTIES INC COM 903002103 8,026 326,410 SH   OTR 1 326,410 0 0
U M H PROPERTIES INC COM 903002103 151 6,150 SH   SOLE N/A 6,150 0 0
VALARIS LIMITED CL A G9460G101 2,599 50,000 SH   OTR 1 50,000 0 0
VIDLER WATER RESOURCES INC COM 92660E107 5,511 356,926 SH   OTR 1 356,926 0 0
VIDLER WATER RESOURCES INC COM 92660E107 66 4,275 SH   SOLE N/A 4,275 0 0
VOYA FINANCIAL INC COM 929089100 929 14,000 SH   OTR 1 14,000 0 0
WEST FRASER TIMBER CO LTD COM 952845105 33,903 411,291 SH   OTR 1 411,291 0 0
WEST FRASER TIMBER CO LTD COM 952845105 691 8,377 SH   SOLE N/A 8,377 0 0
WESTERN DIGITAL CORP COM 958102105 6,884 138,646 SH   OTR 1 138,646 0 0
WESTERN DIGITAL CORP COM 958102105 99 2,000 SH   SOLE N/A 2,000 0 0
WESTLAKE CHEM CORP COM 960413102 27,931 226,349 SH   OTR 1 226,349 0 0
WESTLAKE CHEM CORP COM 960413102 428 3,465 SH   SOLE N/A 3,465 0 0