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
ACADEMY SPORTS & OUTDOORS IN COM 00402L107   4,398,823 82,607 SH   OTR 1 82,607 0 0
ADVANCED ENERGY INDS COM 007973100   513,891 4,725 SH   SOLE   4,725 0 0
AERCAP HOLDINGS NV SHS N00985106   9,291,667 99,696 SH   OTR 1 99,696 0 0
AGNICO EAGLE MINES LTD COM 008474108   490,500 7,500 SH   OTR 1 7,500 0 0
ALAMOS GOLD INCORPORATED COM CL A 011532108   705,600 45,000 SH   OTR 1 45,000 0 0
ALLISON TRANSMISSION HLDGS INC COM 01973R101   4,570,167 60,213 SH   OTR 1 60,213 0 0
ALPHA TAU MEDICAL LTD *W EXP 99/99/999 M0740A116   11,400 50,000 SH   OTR 1 50,000 0 0
AMKOR TECHNOLOGY INC COM 031652100   8,630,393 215,652 SH   OTR 1 215,652 0 0
AMREP CORP NEW COM 032159105   428,607 22,666 SH   SOLE   22,666 0 0
AMREP CORP NEW COM 032159105   9,877,412 522,338 SH   OTR 1 522,338 0 0
APPLE INC COM 037833100   220,497 1,047 SH   SOLE   1,047 0 0
ARCELORMITTAL SA LUXEMBOURG NY REGISTRY SH 03938L203   8,430,788 367,675 SH   OTR 1 367,675 0 0
ATKORE INC COM 047649108   1,551,695 11,500 SH   OTR 1 11,500 0 0
BUILDERS FIRSTSOURCE INC COM 12008R107   14,137,613 102,143 SH   SOLE   102,143 0 0
BUILDERS FIRSTSOURCE INC COM 12008R107   41,398,569 299,101 SH   OTR 1 299,101 0 0
CACI INTL INC CL A 127190304   1,462,442 3,400 SH   OTR 1 3,400 0 0
CANADIAN NAT RES LTD COM 136385101   10,382,526 291,644 SH   OTR 1 291,644 0 0
CANADIAN NAT RES LTD COM 136385101   1,784,201 50,118 SH   SOLE   50,118 0 0
CANADIAN SOLAR INC COM 136635109   29,500 2,000 SH   SOLE   2,000 0 0
CANADIAN SOLAR INC COM 136635109   4,582,250 310,661 SH   OTR 1 310,661 0 0
CAVCO INDS INC DEL COM 149568107   12,586,049 36,358 SH   OTR 1 36,358 0 0
CAVCO INDS INC DEL COM 149568107   2,276,760 6,577 SH   SOLE   6,577 0 0
CGI INC CL A SUB VTG 12532H104   1,247,625 12,500 SH   OTR 1 12,500 0 0
DANA HOLDING CORP COM 235825205   64,236 5,300 SH   SOLE   5,300 0 0
DANA HOLDING CORP COM 235825205   4,290,638 354,013 SH   OTR 1 354,013 0 0
DEERE & CO COM 244199105   373,630 1,000 SH   OTR 1 1,000 0 0
DORCHESTER MINERALS COM 25820R105   77,896 2,525 SH   SOLE   2,525 0 0
DORCHESTER MINERALS COM 25820R105   154,250 5,000 SH   OTR 1 5,000 0 0
FIVE POINT HOLDINGS LLC COM 33833Q106   767,798 262,047 SH   OTR 1 262,047 0 0
FIVE POINT HOLDINGS LLC COM 33833Q106   5,860 2,000 SH   SOLE   2,000 0 0
FRP HLDGS INCORPORATED COM 30292L107   855,600 30,000 SH   OTR 1 30,000 0 0
GULF IS FABRICATION INC COM 402307102   60,700 10,000 SH   OTR 1 10,000 0 0
HILTON GRAND VACATIONS INC COM 43283X105   630,708 15,600 SH   OTR 1 15,600 0 0
INSTEEL INDUSTRIES INC COM 45774W108   9,441,562 304,960 SH   OTR 1 304,960 0 0
INTERNATIONAL SEAWAYS INC COM Y41053102   591,300 10,000 SH   OTR 1 10,000 0 0
JEFFERIES FINL GROUP INC COM 47233W109   1,967,411 39,538 SH   SOLE   39,538 0 0
JEFFERIES FINL GROUP INC COM 47233W109   18,494,399 371,672 SH   OTR 1 371,672 0 0
LEGACY HOUSING CORP COM 52472M101   2,972,565 129,580 SH   OTR 1 129,580 0 0
LINCOLN ELEC HLDGS INC COM 533900106   33,012 175 SH   SOLE   175 0 0
LINCOLN ELEC HLDGS INC COM 533900106   9,332,209 49,471 SH   OTR 1 49,471 0 0
LOUISIANA PAC CORP COM 546347105   6,518,313 79,173 SH   OTR 1 79,173 0 0
LSB INDS INC COM 502160104   355,290 43,434 SH   SOLE   43,434 0 0
LSB INDS INC COM 502160104   34,938,809 4,271,248 SH   OTR 1 4,271,248 0 0
MANCHESTER UTD PLC NEW COM G5784H106   161,400 10,000 SH   OTR 1 10,000 0 0
MERCK & CO INC NEW COM 58933Y105   371,400 3,000 SH   OTR 1 3,000 0 0
MORGAN STANLEY COM NEW 617446448   20,896 215 SH   SOLE   215 0 0
MORGAN STANLEY COM NEW 617446448   680,330 7,000 SH   OTR 1 7,000 0 0
NAVIGATOR HOLDINGS PLC SHS Y62132108   13,255,929 759,217 SH   OTR 1 759,217 0 0
NOBLE CORP NEW ORD SHS A G65431127   6,816,805 152,672 SH   OTR 1 152,672 0 0
OLIN CORP NEW COM PAR $1 680665205   16,738 355 SH   SOLE   355 0 0
OLIN CORP NEW COM PAR $1 680665205   5,296,878 112,341 SH   OTR 1 112,341 0 0
PETROLEO BRASILEIRO SA PETRO SPONSORED ADR 71654V408   724,500 50,000 SH   OTR 1 50,000 0 0
PHX MINERALS INC CL A 69291A100   41,519 12,736 SH   OTR 1 12,736 0 0
PHX MINERALS INC CL A 69291A100   61,519 18,871 SH   SOLE   18,871 0 0
PREFORMED LINE PRODS CO COM 740444104   2,490,800 20,000 SH   OTR 1 20,000 0 0
QUIPT HOME MEDICAL CORP COM 74880P104   43,892 13,631 SH   OTR 1 13,631 0 0
RADNET INC COM 750491102   16,767,925 284,588 SH   OTR 1 284,588 0 0
RADNET INC COM 750491102   159,084 2,700 SH   SOLE   2,700 0 0
RANGER ENERGY SVCS INC COM CL A 75282U104   1,052,000 100,000 SH   OTR 1 100,000 0 0
RYERSON HLDG CORP COM 783754104   399,750 20,500 SH   OTR 1 20,500 0 0
SEA LTD SPONSORED ADS 81141R100   1,071,300 15,000 SH   OTR 1 15,000 0 0
SEACOR MARINE HOLDINGS INC COM 78413P101   9,008,919 667,822 SH   OTR 1 667,822 0 0
SEACOR MARINE HOLDINGS INC COM 78413P101   3,993 296 SH   SOLE   296 0 0
SENECA FOODS CORP COM 817070501   6,314 110 SH   SOLE   110 0 0
SENECA FOODS CORP COM 817070501   1,335,583 23,268 SH   OTR 1 23,268 0 0
SKYLINE CORP COM 830830105   8,855,196 130,704 SH   OTR 1 130,704 0 0
SPOTIFY TECHNOLOGY S A SHS L8681T102   8,472,330 27,000 SH   OTR 1 27,000 0 0
TECHNIPFMC PLC COM G87110105   4,576 175 SH   SOLE   175 0 0
TECHNIPFMC PLC COM G87110105   13,606,682 520,332 SH   OTR 1 520,332 0 0
TECK RESOURCES INC CL B 878742204   4,790,000 100,000 SH   OTR 1 100,000 0 0
TIDEWATER INC COM 88642R109   15,899,118 166,990 SH   SOLE   166,990 0 0
TIDEWATER INC COM 88642R109   225,336,744 2,366,734 SH   OTR 1 2,366,734 0 0
TRAVEL PLUS LEISURE CO COM 894164102   5,644,045 125,479 SH   OTR 1 125,479 0 0
U HAUL HOLDING COMPANY COM 023586100   1,055,583 17,100 SH   OTR 1 17,100 0 0
U M H PROPERTIES INC COM 903002103   4,581,295 286,510 SH   OTR 1 286,510 0 0
U M H PROPERTIES INC COM 903002103   129,519 8,100 SH   SOLE   8,100 0 0
VALARIS LIMITED CL A G9460G101   3,830,343 51,414 SH   OTR 1 51,414 0 0
WEST FRASER TIMBER CO LTD COM 952845105   24,947,390 324,540 SH   OTR 1 324,540 0 0
WEST FRASER TIMBER CO LTD COM 952845105   467,754 6,085 SH   SOLE   6,085 0 0
WESTERN DIGITAL CORP COM 958102105   151,540 2,000 SH   SOLE   2,000 0 0
WESTERN DIGITAL CORP COM 958102105   6,085,089 80,310 SH   OTR 1 80,310 0 0
WESTLAKE CHEM CORP COM 960413102   458,355 3,165 SH   SOLE   3,165 0 0
WESTLAKE CHEM CORP COM 960413102   23,335,281 161,133 SH   OTR 1 161,133 0 0