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
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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 FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
ADVANCED ENERGY INDS COM 007973100   405,311 4,725 SH   SOLE   4,725 0 0
AERCAP HOLDINGS NV SHS N00985106   4,627,400 79,345 SH   OTR 1 79,345 0 0
AGNICO EAGLE MINES LTD COM 008474108   545,895 10,500 SH   OTR 1 10,500 0 0
ALAMOS GOLD INCORPORATED COM CL A 011532108   404,400 40,000 SH   OTR 1 40,000 0 0
ALLISON TRANSMISSION HLDGS INC COM 01973R101   2,467,670 59,319 SH   OTR 1 59,319 0 0
ALPHA TAU MEDICAL LTD *w EXP 03/07/2028 M0740A116   12,505 50,000 SH   OTR 1 50,000 0 0
AMERCO COM 023586100   312,988 5,200 SH   OTR 1 5,200 0 0
UHAUL HOLDING COM 023586506   1,088,604 19,800 SH   OTR 1 19,800 0 0
AMERICAN EAGLE OUTFITTERS NE COM 02553E106   1,842,078 131,954 SH   OTR 1 131,954 0 0
AMERICAN EAGLE OUTFITTERS NE COM 02553E106   6,142 440 SH   SOLE   440 0 0
AMREP CORP NEW COM 032159105   5,619,202 486,511 SH   OTR 1 486,511 0 0
AMREP CORP NEW COM 032159105   257,803 22,321 SH   SOLE   22,321 0 0
BLUEGREEN VACATIONS HLDG CORP CL A 096308101   2,264,596 90,729 SH   OTR 1 90,729 0 0
BLUEGREEN VACATIONS HLDG CORP CL A 096308101   115,265 4,618 SH   SOLE   4,618 0 0
BUILDERS FIRSTSOURCE INC COM 12008R107   94,267,720 1,452,955 SH   OTR 1 1,452,955 0 0
BUILDERS FIRSTSOURCE INC COM 12008R107   9,432,644 145,386 SH   SOLE   145,386 0 0
CACI INTL INC CL A 127190304   1,022,006 3,400 SH   OTR 1 3,400 0 0
CANADIAN NAT RES LTD COM 136385101   7,680,354 138,310 SH   OTR 1 138,310 0 0
CANADIAN NAT RES LTD COM 136385101   1,559,227 28,079 SH   SOLE   28,079 0 0
CANADIAN SOLAR INC COM 136635109   2,533,244 81,982 SH   OTR 1 81,982 0 0
CAVCO INDS INC DEL COM 149568107   10,202,744 45,095 SH   OTR 1 45,095 0 0
CAVCO INDS INC DEL COM 149568107   1,488,046 6,577 SH   SOLE   6,577 0 0
CENTRAL SECS CORP COM 155123102   586,912 17,578 SH   OTR 1 17,578 0 0
CGI INC CL A SUB VTG 12532H104   947,199 11,000 SH   OTR 1 11,000 0 0
CHEMOURS CO COM 163851108   3,644,086 119,010 SH   OTR 1 119,010 0 0
DANA HOLDING CORP COM 235825205   6,527,612 431,435 SH   OTR 1 431,435 0 0
DANA HOLDING CORP COM 235825205   68,085 4,500 SH   SOLE   4,500 0 0
DORCHESTER MINERALS COM 25820R105   149,650 5,000 SH   OTR 1 5,000 0 0
DORCHESTER MINERALS COM 25820R105   120,468 4,025 SH   SOLE   4,025 0 0
FIVE POINT HOLDINGS LLC COM 33833Q106   102,520 44,000 SH   OTR 1 44,000 0 0
FIVE POINT HOLDINGS LLC COM 33833Q106   4,660 2,000 SH   SOLE   2,000 0 0
FRANCO NEV CORP COM 351858105   887,120 6,500 SH   OTR 1 6,500 0 0
FRP HLDGS INCORPORATED COM 30292L107   1,460,306 27,113 SH   OTR 1 27,113 0 0
GRAFTECH INTERNATIONAL COM 384313508   3,672,640 771,563 SH   OTR 1 771,563 0 0
GRAFTECH INTERNATIONAL COM 384313508   952 200 SH   SOLE   200 0 0
GUESS INC COM 401617105   161,382,000 7,800 SH   OTR 1 7,800 0 0
IAC Interactive Corp COM NEW 44891N208   222,000 5,000 SH   OTR 1 5,000 0 0
INSTEEL INDUSTRIES INC COM 45774W108   6,979,127 253,602 SH   OTR 1 253,602 0 0
JEFFERIES FINL GROUP INC COM 47233W109   13,408,279 391,140 SH   OTR 1 391,140 0 0
JEFFERIES FINL GROUP INC COM 47233W109   1,424,608 41,558 SH   SOLE   41,558 0 0
LEGACY HOUSING CORP COM 52472M101   3,407,776 179,735 SH   OTR 1 179,735 0 0
LIBERTY MEDIA CORP DEL COM A SIRIUSXM 531229409   235,860 6,000 SH   OTR 1 6,000 0 0
LINCOLN ELEC HLDGS INC COM 533900106   7,374,047 51,035 SH   OTR 1 51,035 0 0
LINCOLN ELEC HLDGS INC COM 533900106   25,286 175 SH   SOLE   175 0 0
LOUISIANA PAC CORP COM 546347105   4,344,096 73,380 SH   OTR 1 73,380 0 0
LSB INDS INC COM 502160104   24,956,506 1,876,429 SH   OTR 1 1,876,429 0 0
LSB INDS INC COM 502160104   567,032 42,634 SH   SOLE   42,634 0 0
MADISON SQUARE GRDN SPRT COR CL A 55825T103   549,990 3,000 SH   OTR 1 3,000 0 0
MARKEL CORP COM 570535104   526,996 400 SH   OTR 1 400 0 0
MERCK & CO INC NEW COM 58933Y105   332,850 3,000 SH   OTR 1 3,000 0 0
METHODE ELECTRONICS INC COM 591520200   4,814,411 108,506 SH   OTR 1 108,506 0 0
MORGAN STANLEY COM NEW 617446448   595,140 7,000 SH   OTR 1 7,000 0 0
MORGAN STANLEY COM NEW 617446448   18,279 215 SH   SOLE   215 0 0
NEWMONT CORP COM 651639106   236,000 5,000 SH   OTR 1 5,000 0 0
NOBLE CORP NEW SHS G6610J209   14,097,506 373,840 SH   OTR 1 373,840 0 0
OLIN CORP NEW COM PAR $1 680665205   6,165,181 116,456 SH   OTR 1 116,456 0 0
OLIN CORP NEW COM PAR $1 680665205   18,794 355 SH   SOLE   355 0 0
PETROLEO BRASILEIRO SA PETRO SPONSORED ADR 71654V408   532,500 50,000 SH   OTR 1 50,000 0 0
PHX MINERALS INC CL A 69291A100   53,433 13,736 SH   OTR 1 13,736 0 0
PHX MINERALS INC CL A 69291A100   138,095 35,500 SH   SOLE   35,500 0 0
PREFORMED LINE PRODS CO COM 740444104   832,900 10,000 SH   OTR 1 10,000 0 0
PROSHARES TRUST SHORT QQQ NEW 74347B714   368,000 25,000 SH   OTR 1 25,000 0 0
PROSHARES TRUST SHORT S&P 500 NE 74347B425   192,360 12,000 SH   OTR 1 12,000 0 0
RADNET INC COM 750491102   5,757,084 305,740 SH   OTR 1 305,740 0 0
RADNET INC COM 750491102   88,501 4,700 SH   SOLE   4,700 0 0
SEA LTD SPONSORED ADS 81141R100   1,560,900 30,000 SH   OTR 1 30,000 0 0
SEACOR MARINE HOLDINGS INC COM 78413P101   6,107,806 666,791 SH   OTR 1 666,791 0 0
SEACOR MARINE HOLDINGS INC COM 78413P101   6,385 697 SH   SOLE   697 0 0
SKYLINE CORP COM 830830105   14,897,774 289,221 SH   OTR 1 289,221 0 0
SPOTIFY TECHNOLOGY S A SHS L8681T102   2,289,550 29,000 SH   OTR 1 29,000 0 0
TECHNIPFMC PLC COM G87110105   7,049,404 578,294 SH   OTR 1 578,294 0 0
TECHNIPFMC PLC COM G87110105   22,247 1,825 SH   SOLE   1,825 0 0
TECK RESOURCES INC CL B 878742204   3,782,000 100,000 SH   OTR 1 100,000 0 0
TIDEWATER INC COM 88642R109   131,714,945 3,574,354 SH   OTR 1 3,574,354 0 0
TIDEWATER INC COM 88642R109   4,655,776 126,344 SH   SOLE   126,344 0 0
TIDEWATER INC *W EXP 07/31/202 88642R117   90,298 82,842 SH   OTR 1 82,842 0 0
TIDEWATER INC *W EXP 07/31/202 88642R117   1,237 1,135 SH   SOLE   1,135 0 0
TIDEWATER INC *W EXP 07/31/202 88642R125   160,595 242,224 SH   OTR 1 242,224 0 0
TIDEWATER INC *W EXP 07/31/202 88642R125   814 1,227 SH   SOLE   1,227 0 0
TRAVEL PLUS LEISURE CO COM 894164102   2,448,446 67,265 SH   OTR 1 67,265 0 0
U M H PROPERTIES INC COM 903002103   4,956,224 307,840 SH   OTR 1 307,840 0 0
U M H PROPERTIES INC COM 903002103   130,410 8,100 SH   SOLE   8,100 0 0
VALARIS LIMITED CL A G9460G101   3,393,172 50,180 SH   OTR 1 50,180 0 0
VOYA FINANCIAL INC COM 929089100   737,880 12,000 SH   OTR 1 12,000 0 0
WATSCO INC COM 642622200   423,980 1,700 SH   OTR 1 1,700 0 0
WEST FRASER TIMBER CO LTD COM 952845105   24,164,812 334,276 SH   OTR 1 334,276 0 0
WEST FRASER TIMBER CO LTD COM 952845105   494,970 6,847 SH   SOLE   6,847 0 0
WESTERN DIGITAL CORP COM 958102105   4,378,225 138,771 SH   OTR 1 138,771 0 0
WESTERN DIGITAL CORP COM 958102105   63,100 2,000 SH   SOLE   2,000 0 0
WESTLAKE CHEM CORP COM 960413102   23,153,737 225,802 SH   OTR 1 225,802 0 0
WESTLAKE CHEM CORP COM 960413102   355,301 3,465 SH   SOLE   3,465 0 0