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 FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
ACADEMY SPORTS & OUTDOORS IN COM 00402L107   4,714,986 81,957 SH   OTR 1 81,957 0 0
ADVANCED ENERGY INDS COM 007973100   546,352 4,725 SH   SOLE   4,725 0 0
AERCAP HOLDINGS NV SHS N00985106   10,497,907 109,696 SH   OTR 1 109,696 0 0
AGNICO EAGLE MINES LTD COM 008474108   586,575 7,500 SH   OTR 1 7,500 0 0
ALAMOS GOLD INCORPORATED COM CL A 011532108   875,900 47,500 SH   OTR 1 47,500 0 0
ALGOMA STL GROUP INC COM 015658107   1,467,000 150,000 SH   OTR 1 150,000 0 0
ALLISON TRANSMISSION HLDGS INC COM 01973R101   6,456,909 59,753 SH   OTR 1 59,753 0 0
ALPHA TAU MEDICAL LTD *W EXP 99/99/999 M0740A116   10,500 50,000 SH   OTR 1 50,000 0 0
AMKOR TECHNOLOGY INC COM 031652100   5,544,853 215,837 SH   OTR 1 215,837 0 0
AMREP CORP NEW COM 032159105   741,688 23,621 SH   SOLE   23,621 0 0
AMREP CORP NEW COM 032159105   15,002,794 477,796 SH   OTR 1 477,796 0 0
APPLE INC COM 037833100   262,752 1,049 SH   SOLE   1,049 0 0
ARCELORMITTAL SA LUXEMBOURG NY REGISTRY SH 03938L203   8,516,119 368,185 SH   OTR 1 368,185 0 0
ATKORE INC COM 047649108   1,043,125 12,500 SH   OTR 1 12,500 0 0
BLACKSTONE INC COM 09260D107   355,632 717 SH   OTR 1 717 0 0
BUILDERS FIRSTSOURCE INC COM 12008R107   13,842,771 96,850 SH   SOLE   96,850 0 0
BUILDERS FIRSTSOURCE INC COM 12008R107   42,496,519 297,324 SH   OTR 1 297,324 0 0
CACI INTL INC CL A 127190304   1,454,616 3,600 SH   OTR 1 3,600 0 0
CANADIAN NAT RES LTD COM 136385101   8,872,161 287,404 SH   OTR 1 287,404 0 0
CANADIAN NAT RES LTD COM 136385101   1,533,251 50,118 SH   SOLE   50,118 0 0
CANADIAN SOLAR INC COM 136635109   22,240 2,000 SH   SOLE   2,000 0 0
CANADIAN SOLAR INC COM 136635109   5,402,986 485,880 SH   OTR 1 485,880 0 0
CAVCO INDS INC DEL COM 149568107   16,167,359 36,231 SH   OTR 1 36,231 0 0
CAVCO INDS INC DEL COM 149568107   2,310,133 5,177 SH   SOLE   5,177 0 0
CGI INC CL A SUB VTG 12532H104   1,366,763 12,500 SH   OTR 1 12,500 0 0
CHAMPION HOMES INC COM 830830105   11,357,323 128,914 SH   OTR 1 128,914 0 0
CLEVELAND-CLIFFS INC NEW COM 185599101   564,000 60,000 SH   OTR 1 60,000 0 0
DANA HOLDING CORP COM 235825205   61,268 5,300 SH   SOLE   5,300 0 0
DANA HOLDING CORP COM 235825205   1,959,050 169,468 SH   OTR 1 169,468 0 0
DORCHESTER MINERALS COM 25820R105   84,158 2,525 SH   SOLE   2,525 0 0
DORCHESTER MINERALS COM 25820R105   166,650 5,000 SH   OTR 1 5,000 0 0
FIVE POINT HOLDINGS LLC COM 33833Q106   25,617,238 6,777,047 SH   OTR 1 6,777,047 0 0
FIVE POINT HOLDINGS LLC COM 33833Q106   7,560 2,000 SH   SOLE   2,000 0 0
FRP HLDGS INCORPORATED COM 30292L107   673,860 22,000 SH   OTR 1 22,000 0 0
GULF IS FABRICATION INC COM 402307102   68,100 10,000 SH   OTR 1 10,000 0 0
HILTON GRAND VACATIONS INC COM 43283X105   604,115 15,510 SH   OTR 1 15,510 0 0
INSTEEL INDUSTRIES INC COM 45774W108   8,082,607 299,245 SH   OTR 1 299,245 0 0
INTERNATIONAL SEAWAYS INC COM Y41053102   359,400 10,000 SH   OTR 1 10,000 0 0
JEFFERIES FINL GROUP INC COM 47233W109   3,099,779 39,538 SH   SOLE   39,538 0 0
JEFFERIES FINL GROUP INC COM 47233W109   28,875,190 368,306 SH   OTR 1 368,306 0 0
LEGACY HOUSING CORP COM 52472M101   3,160,768 128,070 SH   OTR 1 128,070 0 0
LINCOLN ELEC HLDGS INC COM 533900106   32,807 175 SH   SOLE   175 0 0
LINCOLN ELEC HLDGS INC COM 533900106   9,398,621 50,134 SH   OTR 1 50,134 0 0
LIQUIDITY SERVICES INC COM 53635B107   227,645 7,050 SH   SOLE   7,050 0 0
LOUISIANA PAC CORP COM 546347105   8,193,704 79,128 SH   OTR 1 79,128 0 0
LSB INDS INC COM 502160104   329,664 43,434 SH   SOLE   43,434 0 0
LSB INDS INC COM 502160104   32,219,193 4,244,953 SH   OTR 1 4,244,953 0 0
MANCHESTER UTD PLC NEW COM G5784H106   260,250 15,000 SH   OTR 1 15,000 0 0
MERCK & CO INC NEW COM 58933Y105   298,440 3,000 SH   OTR 1 3,000 0 0
MORGAN STANLEY COM NEW 617446448   27,030 215 SH   SOLE   215 0 0
MORGAN STANLEY COM NEW 617446448   817,180 6,500 SH   OTR 1 6,500 0 0
NATIONAL ENERGY SERVICES REU SHS G6375R107   89,600 10,000 SH   SOLE   10,000 0 0
NAVIGATOR HOLDINGS PLC SHS Y62132108   11,653,981 759,217 SH   OTR 1 759,217 0 0
NOBLE CORP NEW ORD SHS A G65431127   4,859,087 154,748 SH   OTR 1 154,748 0 0
OLIN CORP NEW COM PAR $1 680665205   11,999 355 SH   SOLE   355 0 0
OLIN CORP NEW COM PAR $1 680665205   3,794,625 112,267 SH   OTR 1 112,267 0 0
PETROLEO BRASILEIRO SA PETRO SPONSORED ADR 71654V408   643,000 50,000 SH   OTR 1 50,000 0 0
PHX MINERALS INC CL A 69291A100   50,944 12,736 SH   OTR 1 12,736 0 0
PHX MINERALS INC CL A 69291A100   6,480 1,620 SH   SOLE   1,620 0 0
PREFORMED LINE PRODS CO COM 740444104   2,555,800 20,000 SH   OTR 1 20,000 0 0
QUIPT HOME MEDICAL CORP COM 74880P104   54,287 17,799 SH   OTR 1 17,799 0 0
RADNET INC COM 750491102   13,342,094 191,038 SH   OTR 1 191,038 0 0
RADNET INC COM 750491102   171,108 2,700 SH   SOLE   2,700 0 0
RANGER ENERGY SVCS INC COM CL A 75282U104   1,548,000 100,000 SH   OTR 1 100,000 0 0
RYERSON HLDG CORP COM 783754104   481,260 26,000 SH   OTR 1 26,000 0 0
SEA LTD SPONSORED ADS 81141R100   1,591,500 15,000 SH   OTR 1 15,000 0 0
SEACOR MARINE HOLDINGS INC COM 78413P101   3,554,562 541,854 SH   OTR 1 541,854 0 0
SEACOR MARINE HOLDINGS INC COM 78413P101   1,942 296 SH   SOLE   296 0 0
SEADRILL 2021 LTD COM G7997W102   313,387 8,050 SH   OTR 1 8,050 0 0
SENECA FOODS CORP COM 817070501   8,719 110 SH   SOLE   110 0 0
SENECA FOODS CORP COM 817070501   1,881,870 23,743 SH   OTR 1 23,743 0 0
SPOTIFY TECHNOLOGY S A SHS L8681T102   12,079,260 27,000 SH   OTR 1 27,000 0 0
TECHNIPFMC PLC COM G87110105   5,065 175 SH   SOLE   175 0 0
TECHNIPFMC PLC COM G87110105   14,216,688 491,247 SH   OTR 1 491,247 0 0
TECK RESOURCES INC CL B 878742204   4,053,000 100,000 SH   OTR 1 100,000 0 0
TIDEWATER INC COM 88642R109   10,272,131 187,756 SH   SOLE   187,756 0 0
TIDEWATER INC COM 88642R109   133,778,205 2,445,224 SH   OTR 1 2,445,224 0 0
TRAVEL PLUS LEISURE CO COM 894164102   6,301,407 124,904 SH   OTR 1 124,904 0 0
U HAUL HOLDING COMPANY COM SER N 023586506   1,095,255 17,100 SH   OTR 1 17,100 0 0
VALARIS LIMITED CL A G9460G101   2,323,662 52,524 SH   OTR 1 52,524 0 0
WEST FRASER TIMBER CO LTD COM 952845105   28,091,274 324,567 SH   OTR 1 324,567 0 0
WEST FRASER TIMBER CO LTD COM 952845105   483,216 6,085 SH   SOLE   6,085 0 0
WESTERN DIGITAL CORP COM 958102105   119,260 2,000 SH   SOLE   2,000 0 0
WESTERN DIGITAL CORP COM 958102105   4,861,634 81,530 SH   OTR 1 81,530 0 0
WESTLAKE CHEM CORP COM 960413102   362,867 3,165 SH   SOLE   3,165 0 0
WESTLAKE CHEM CORP COM 960413102   18,474,013 161,134 SH   OTR 1 161,134 0 0