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 366 4,725 SH   SOLE N/A 4,725 0 0
AERCAP HOLDINGS NV SHS N00985106 3,379 79,830 SH   OTR 1 79,830 0 0
AGNICO EAGLE MINES LTD COM 008474108 676 16,000 SH   OTR 1 16,000 0 0
ALAMOS GOLD INCORPORATED COM CL A 011532108 148 20,000 SH   OTR 1 20,000 0 0
ALLISON TRANSMISSION HLDGS INC COM 01973R101 2,014 59,659 SH   OTR 1 59,659 0 0
ALPHA TAU MEDICAL LTD *w EXP 03/07/2028 M0740A116 45 100,000 SH   OTR 1 100,000 0 0
AMERCO COM 023586100 1,120 2,200 SH   OTR 1 2,200 0 0
AMERICAN EAGLE OUTFITTERS NE COM 02553E106 1,291 132,674 SH   OTR 1 132,674 0 0
AMERICAN EAGLE OUTFITTERS NE COM 02553E106 4 440 SH   SOLE N/A 440 0 0
AMREP CORP NEW COM 032159105 5,515 488,881 SH   OTR 1 488,881 0 0
AMREP CORP NEW COM 032159105 222 19,724 SH   SOLE N/A 19,724 0 0
BLUEGREEN VACATIONS HLDG CORP CL A 096308101 1,499 90,729 SH   OTR 1 90,729 0 0
BLUEGREEN VACATIONS HLDG CORP CL A 096308101 76 4,618 SH   SOLE N/A 4,618 0 0
BUILDERS FIRSTSOURCE INC COM 12008R107 91,870 1,559,228 SH   OTR 1 1,559,228 0 0
BUILDERS FIRSTSOURCE INC COM 12008R107 9,885 167,773 SH   SOLE N/A 167,773 0 0
CACI INTL INC CL A 127190304 1,253 4,800 SH   OTR 1 4,800 0 0
CANADIAN NAT RES LTD COM 136385101 6,475 139,265 SH   OTR 1 139,265 0 0
CANADIAN NAT RES LTD COM 136385101 1,308 28,079 SH   SOLE N/A 28,079 0 0
CANADIAN SOLAR INC COM 136635109 3,067 82,327 SH   OTR 1 82,327 0 0
CAVCO INDS INC DEL COM 149568107 9,303 45,212 SH   OTR 1 45,212 0 0
CAVCO INDS INC DEL COM 149568107 1,353 6,577 SH   SOLE N/A 6,577 0 0
CENTRAL SECS CORP COM 155123102 462 13,706 SH   OTR 1 13,706 0 0
CGI INC CL A SUB VTG 12532H104 940 12,500 SH   OTR 1 12,500 0 0
CHEMOURS CO COM 163851108 2,957 119,975 SH   OTR 1 119,975 0 0
DANA HOLDING CORP COM 235825205 6,090 532,830 SH   OTR 1 532,830 0 0
DANA HOLDING CORP COM 235825205 51 4,500 SH   SOLE N/A 4,500 0 0
DORCHESTER MINERALS COM 25820R105 125 5,000 SH   OTR 1 5,000 0 0
DORCHESTER MINERALS COM 25820R105 101 4,025 SH   SOLE N/A 4,025 0 0
FIVE POINT HOLDINGS LLC COM 33833Q106 293 112,500 SH   OTR 1 112,500 0 0
FIVE POINT HOLDINGS LLC COM 33833Q106 5 2,000 SH   SOLE N/A 2,000 0 0
FLOTEK INDUSTRIES INC COM 343389102 100 100,000 SH   OTR 1 100,000 0 0
FRANCO NEV CORP COM 351858105 836 7,000 SH   OTR 1 7,000 0 0
FRP HLDGS INCORPORATED COM 30292L107 1,474 27,113 SH   OTR 1 27,113 0 0
GRAFTECH INTERNATIONAL COM 384313508 3,174 736,428 SH   OTR 1 736,428 0 0
GRAFTECH INTERNATIONAL COM 384313508 1 200 SH   SOLE N/A 200 0 0
GRINDROD SHIPPING HOLDINGS L SHS Y28895103 2,393 100,000 SH   OTR 1 100,000 0 0
IAC INC COM NEW 44891N208 277 5,000 SH   OTR 1 5,000 0 0
INSTEEL INDUSTRIES INC COM 45774W108 6,785 255,760 SH   OTR 1 255,760 0 0
JEFFERIES FINL GROUP INC COM 47233W109 11,598 393,163 SH   OTR 1 393,163 0 0
JEFFERIES FINL GROUP INC COM 47233W109 1,226 41,558 SH   SOLE N/A 41,558 0 0
LEGACY HOUSING CORP COM 52472M101 3,095 180,495 SH   OTR 1 180,495 0 0
LIBERTY BROADBAND CORP COM SER A 530307107 485 6,500 SH   OTR 1 6,500 0 0
LIBERTY MEDIA CORP DEL COM A SIRIUSXM 531229409 381 10,000 SH   OTR 1 10,000 0 0
LINCOLN ELEC HLDGS INC COM 533900106 6,453 51,331 SH   OTR 1 51,331 0 0
LINCOLN ELEC HLDGS INC COM 533900106 22 175 SH   SOLE N/A 175 0 0
LOUISIANA PAC CORP COM 546347105 3,770 73,640 SH   OTR 1 73,640 0 0
LSB INDS INC COM 502160104 23,419 1,643,459 SH   OTR 1 1,643,459 0 0
LSB INDS INC COM 502160104 608 42,634 SH   SOLE N/A 42,634 0 0
MADISON SQUARE GRDN SPRT COR CL A 55825T103 342 2,500 SH   OTR 1 2,500 0 0
MARKEL CORP COM 570535104 434 400 SH   OTR 1 400 0 0
MERCK & CO INC NEW COM 58933Y105 258 3,000 SH   OTR 1 3,000 0 0
METHODE ELECTRONICS INC COM 591520200 4,056 109,191 SH   OTR 1 109,191 0 0
MORGAN STANLEY COM NEW 617446448 711 9,000 SH   OTR 1 9,000 0 0
MORGAN STANLEY COM NEW 617446448 17 215 SH   SOLE N/A 215 0 0
NOBLE CORP NEW SHS G6610J209 11,077 374,460 SH   OTR 1 374,460 0 0
OLIN CORP NEW COM PAR $1 680665205 5,700 132,936 SH   OTR 1 132,936 0 0
OLIN CORP NEW COM PAR $1 680665205 15 355 SH   SOLE N/A 355 0 0
PETROLEO BRASILEIRO SA PETRO SPONSORED ADR 71654V408 617 50,000 SH   OTR 1 50,000 0 0
PHX MINERALS INC CL A 69291A100 45 13,936 SH   OTR 1 13,936 0 0
PHX MINERALS INC CL A 69291A100 373 115,123 SH   SOLE N/A 115,123 0 0
PREFORMED LINE PRODS CO COM 740444104 712 10,000 SH   OTR 1 10,000 0 0
RADNET INC COM 750491102 6,260 307,615 SH   OTR 1 307,615 0 0
RADNET INC COM 750491102 96 4,700 SH   SOLE N/A 4,700 0 0
SANDSTORM GOLD LTD COM NEW 80013R206 259 50,000 SH   OTR 1 50,000 0 0
SEA LTD SPONSORED ADS 81141R100 3,083 55,000 SH   OTR 1 55,000 0 0
SEACOR MARINE HOLDINGS INC COM 78413P101 3,747 666,791 SH   OTR 1 666,791 0 0
SEACOR MARINE HOLDINGS INC COM 78413P101 4 697 SH   SOLE N/A 697 0 0
SEVEN HILLS REALTY TRUST COM 81784E101 278 30,482 SH   OTR 1 30,482 0 0
SKYLINE CORP COM 830830105 15,345 290,237 SH   OTR 1 290,237 0 0
SPOTIFY TECHNOLOGY S A SHS L8681T102 5,005 58,000 SH   OTR 1 58,000 0 0
TECHNIPFMC PLC COM G87110105 4,954 585,544 SH   OTR 1 585,544 0 0
TECHNIPFMC PLC COM G87110105 15 1,825 SH   SOLE N/A 1,825 0 0
TECK RESOURCES INC CL B 878742204 3,041 100,000 SH   OTR 1 100,000 0 0
TIDEWATER INC COM 88642R109 69,423 3,199,230 SH   OTR 1 3,199,230 0 0
TIDEWATER INC COM 88642R109 2,742 126,344 SH   SOLE N/A 126,344 0 0
TIDEWATER INC *W EXP 07/31/202 88642R117 55 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 138 243,778 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 2,310 67,695 SH   OTR 1 67,695 0 0
TURQUOISE HILL RES LTD COM 900435207 900 30,432 SH   OTR 1 30,432 0 0
U M H PROPERTIES INC COM 903002103 5,005 309,930 SH   OTR 1 309,930 0 0
U M H PROPERTIES INC COM 903002103 131 8,100 SH   SOLE N/A 8,100 0 0
VALARIS LIMITED CL A G9460G101 2,447 50,000 SH   OTR 1 50,000 0 0
VOYA FINANCIAL INC COM 929089100 787 13,000 SH   OTR 1 13,000 0 0
WATSCO INC COM 642622200 824 3,200 SH   OTR 1 3,200 0 0
WEST FRASER TIMBER CO LTD COM 952845105 26,438 365,877 SH   OTR 1 365,877 0 0
WEST FRASER TIMBER CO LTD COM 952845105 495 6,847 SH   SOLE N/A 6,847 0 0
WESTERN DIGITAL CORP COM 958102105 4,543 139,556 SH   OTR 1 139,556 0 0
WESTERN DIGITAL CORP COM 958102105 65 2,000 SH   SOLE N/A 2,000 0 0
WESTLAKE CHEM CORP COM 960413102 19,678 226,501 SH   OTR 1 226,501 0 0
WESTLAKE CHEM CORP COM 960413102 301 3,465 SH   SOLE N/A 3,465 0 0
WIDEOPENWEST INC COM 96758W101 153 12,500 SH   OTR 1 12,500 0 0