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 345 4,725 SH   SOLE N/A 4,725 0 0
AERCAP HOLDINGS NV SHS N00985106 3,274 79,965 SH   OTR 1 79,965 0 0
AGNICO EAGLE MINES LTD COM 008474108 431 9,413 SH   OTR 1 9,413 0 0
ALLISON TRANSMISSION HLDGS INC COM 01973R101 2,285 59,440 SH   OTR 1 59,440 0 0
ALPHA TAU MEDICAL LTD *w EXP 03/07/2028 M0740A116 24 50,000 SH   OTR 1 50,000 0 0
AMERCO COM 023586100 956 2,000 SH   OTR 1 2,000 0 0
AMERICAN EAGLE OUTFITTERS NE COM 02553E106 1,476 132,044 SH   OTR 1 132,044 0 0
AMERICAN EAGLE OUTFITTERS NE COM 02553E106 5 440 SH   SOLE N/A 440 0 0
AMREP CORP NEW COM 032159105 5,579 497,209 SH   OTR 1 497,209 0 0
AMREP CORP NEW COM 032159105 221 19,724 SH   SOLE N/A 19,724 0 0
BLUEGREEN VACATIONS HLDG CORP CL A 096308101 2,291 91,781 SH   OTR 1 91,781 0 0
BLUEGREEN VACATIONS HLDG CORP CL A 096308101 115 4,618 SH   SOLE N/A 4,618 0 0
BUILDERS FIRSTSOURCE INC COM 12008R107 86,860 1,617,506 SH   OTR 1 1,617,506 0 0
BUILDERS FIRSTSOURCE INC COM 12008R107 9,035 168,248 SH   SOLE N/A 168,248 0 0
CACI INTL INC CL A 127190304 1,409 5,000 SH   OTR 1 5,000 0 0
CANADIAN NAT RES LTD COM 136385101 8,122 151,155 SH   OTR 1 151,155 0 0
CANADIAN NAT RES LTD COM 136385101 1,507 28,079 SH   SOLE N/A 28,079 0 0
CANADIAN SOLAR INC COM 136635109 2,575 82,707 SH   OTR 1 82,707 0 0
CAVCO INDS INC DEL COM 149568107 6,664 34,003 SH   OTR 1 34,003 0 0
CAVCO INDS INC DEL COM 149568107 1,289 6,577 SH   SOLE N/A 6,577 0 0
CENTRAL SECS CORP COM 155123102 447 12,706 SH   OTR 1 12,706 0 0
CGI INC CL A SUB VTG 12532H104 1,354 17,000 SH   OTR 1 17,000 0 0
CHEMOURS CO COM 163851108 3,858 120,495 SH   OTR 1 120,495 0 0
CREATIVE MEDIA & CMNTY TR COM NEW 125525584 375 52,871 SH   OTR 1 52,871 0 0
DANA HOLDING CORP COM 235825205 7,505 533,385 SH   OTR 1 533,385 0 0
DANA HOLDING CORP COM 235825205 72 5,125 SH   SOLE N/A 5,125 0 0
DORCHESTER MINERALS COM 25820R105 119 5,000 SH   OTR 1 5,000 0 0
DORCHESTER MINERALS COM 25820R105 96 4,025 SH   SOLE N/A 4,025 0 0
EXTERRAN CORPORATION COM 30227H106 4,884 1,135,920 SH   OTR 1 1,135,920 0 0
EXTERRAN CORPORATION COM 30227H106 5 1,200 SH   SOLE N/A 1,200 0 0
FIVE POINT HOLDINGS LLC COM 33833Q106 440 112,500 SH   OTR 1 112,500 0 0
FIVE POINT HOLDINGS LLC COM 33833Q106 8 2,000 SH   SOLE N/A 2,000 0 0
FLOTEK INDUSTRIES INC COM 343389102 99 100,000 SH   OTR 1 100,000 0 0
FRANCO NEV CORP COM 351858105 526 4,000 SH   OTR 1 4,000 0 0
FRP HLDGS INCORPORATED COM 30292L107 1,697 28,113 SH   OTR 1 28,113 0 0
GRAFTECH INTERNATIONAL COM 384313508 6,471 915,313 SH   OTR 1 915,313 0 0
GRAFTECH INTERNATIONAL COM 384313508 1 200 SH   SOLE N/A 200 0 0
GRINDROD SHIPPING HOLDINGS L SHS Y28895103 1,715 100,000 SH   OTR 1 100,000 0 0
INSTEEL INDUSTRIES INC COM 45774W108 8,618 255,961 SH   OTR 1 255,961 0 0
INTERNATIONAL SEAWAYS INC COM Y41053102 293 13,842 SH   OTR 1 13,842 0 0
JEFFERIES FINL GROUP INC COM 47233W109 10,887 394,183 SH   OTR 1 394,183 0 0
JEFFERIES FINL GROUP INC COM 47233W109 1,148 41,558 SH   SOLE N/A 41,558 0 0
LEGACY HOUSING CORP COM 52472M101 2,367 181,345 SH   OTR 1 181,345 0 0
LIBERTY BROADBAND CORP COM SER A 530307107 1,136 10,000 SH   OTR 1 10,000 0 0
LIBERTY MEDIA CORP DEL COM A SIRIUSXM 531229409 360 10,000 SH   OTR 1 10,000 0 0
LINCOLN ELEC HLDGS INC COM 533900106 8,648 70,103 SH   OTR 1 70,103 0 0
LINCOLN ELEC HLDGS INC COM 533900106 22 175 SH   SOLE N/A 175 0 0
LOUISIANA PAC CORP COM 546347105 3,872 73,880 SH   OTR 1 73,880 0 0
LSB INDS INC COM 502160104 22,808 1,645,599 SH   OTR 1 1,645,599 0 0
LSB INDS INC COM 502160104 614 44,324 SH   SOLE N/A 44,324 0 0
MADISON SQUARE GRDN SPRT COR CL A 55825T103 378 2,500 SH   OTR 1 2,500 0 0
MARKEL CORP COM 570535104 1,293 1,000 SH   OTR 1 1,000 0 0
MERCK & CO INC NEW COM 58933Y105 274 3,000 SH   OTR 1 3,000 0 0
METHODE ELECTRONICS INC COM 591520200 4,081 110,186 SH   OTR 1 110,186 0 0
MORGAN STANLEY COM NEW 617446448 608 8,000 SH   OTR 1 8,000 0 0
MORGAN STANLEY COM NEW 617446448 16 215 SH   SOLE N/A 215 0 0
NAUTILUS INC COM 63910B102 438 250,000 SH   OTR 1 250,000 0 0
NOBLE CORP NEW SHS G6610J209 8,472 334,220 SH   OTR 1 334,220 0 0
NOMAD ROYALTY COMPANY LIMITED COM NEW 65532M606 141 20,000 SH   OTR 1 20,000 0 0
OLIN CORP NEW COM PAR $1 680665205 6,159 133,086 SH   OTR 1 133,086 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 584 50,000 SH   OTR 1 50,000 0 0
PHX MINERALS INC CL A 69291A100 42 13,936 SH   OTR 1 13,936 0 0
PHX MINERALS INC CL A 69291A100 350 115,123 SH   SOLE N/A 115,123 0 0
PREFORMED LINE PRODS CO COM 740444104 615 10,000 SH   OTR 1 10,000 0 0
PRICESMART INC COM 741511109 398 5,553 SH   OTR 1 5,553 0 0
PRICESMART INC COM 741511109 72 1,000 SH   SOLE N/A 1,000 0 0
RADNET INC COM 750491102 5,325 308,135 SH   OTR 1 308,135 0 0
RADNET INC COM 750491102 81 4,700 SH   SOLE N/A 4,700 0 0
SEA LTD SPONSORED ADS 81141R100 2,006 30,000 SH   OTR 1 30,000 0 0
SEACOR MARINE HOLDINGS INC COM 78413P101 3,741 649,526 SH   OTR 1 649,526 0 0
SEACOR MARINE HOLDINGS INC COM 78413P101 4 697 SH   SOLE N/A 697 0 0
SEVEN HILLS REALTY TRUST COM 81784E101 1,239 116,053 SH   OTR 1 116,053 0 0
SKYLINE CORP COM 830830105 12,465 262,870 SH   OTR 1 262,870 0 0
SPOTIFY TECHNOLOGY S A SHS L8681T102 2,721 29,000 SH   OTR 1 29,000 0 0
TECHNIPFMC PLC COM G87110105 3,978 591,124 SH   OTR 1 591,124 0 0
TECHNIPFMC PLC COM G87110105 12 1,825 SH   SOLE N/A 1,825 0 0
TECK RESOURCES INC CL B 878742204 3,057 100,000 SH   OTR 1 100,000 0 0
TIDEWATER INC COM 88642R109 55,657 2,639,006 SH   OTR 1 2,639,006 0 0
TIDEWATER INC COM 88642R109 2,368 112,299 SH   SOLE N/A 112,299 0 0
TIDEWATER INC *W EXP 07/31/202 88642R117 56 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 2,641 68,035 SH   OTR 1 68,035 0 0
TURQUOISE HILL RES LTD COM 900435207 803 30,000 SH   OTR 1 30,000 0 0
U M H PROPERTIES INC COM 903002103 5,759 326,105 SH   OTR 1 326,105 0 0
U M H PROPERTIES INC COM 903002103 143 8,100 SH   SOLE N/A 8,100 0 0
VALARIS LIMITED CL A G9460G101 2,112 50,000 SH   OTR 1 50,000 0 0
VOYA FINANCIAL INC COM 929089100 952 16,000 SH   OTR 1 16,000 0 0
WATSCO INC COM 642622200 537 2,250 SH   OTR 1 2,250 0 0
WEST FRASER TIMBER CO LTD COM 952845105 24,594 320,554 SH   OTR 1 320,554 0 0
WEST FRASER TIMBER CO LTD COM 952845105 533 6,947 SH   SOLE N/A 6,947 0 0
WESTERN DIGITAL CORP COM 958102105 6,263 139,701 SH   OTR 1 139,701 0 0
WESTERN DIGITAL CORP COM 958102105 90 2,000 SH   SOLE N/A 2,000 0 0
WESTLAKE CHEM CORP COM 960413102 22,213 226,616 SH   OTR 1 226,616 0 0
WESTLAKE CHEM CORP COM 960413102 369 3,765 SH   SOLE N/A 3,765 0 0
WIDEOPENWEST INC COM 96758W101 182 10,000 SH   OTR 1 10,000 0 0