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   4,381,388 96,062 SH   OTR 1 96,062 0 0
ADVANCED ENERGY INDS COM 007973100   450,340 4,725 SH   SOLE   4,725 0 0
AERCAP HOLDINGS NV SHS N00985106   11,090,247 108,547 SH   OTR 1 108,547 0 0
AGNICO EAGLE MINES LTD COM 008474108   813,075 7,500 SH   OTR 1 7,500 0 0
ALAMOS GOLD INCORPORATED COM CL A 011532108   1,270,150 47,500 SH   OTR 1 47,500 0 0
ALGOMA STL GROUP INC COM 015658107   487,800 90,000 SH   OTR 1 90,000 0 0
ALLISON TRANSMISSION HLDGS INC COM 01973R101   5,658,211 59,143 SH   OTR 1 59,143 0 0
ALPHA TAU MEDICAL LTD *W EXP 99/99/999 M0740A116   11,880 50,000 SH   OTR 1 50,000 0 0
AMKOR TECHNOLOGY INC COM 031652100   4,457,696 246,827 SH   OTR 1 246,827 0 0
AMREP CORP NEW COM 032159105   473,594 23,621 SH   SOLE   23,621 0 0
AMREP CORP NEW COM 032159105   10,040,759 500,786 SH   OTR 1 500,786 0 0
APPLE INC COM 037833100   233,320 1,050 SH   SOLE   1,050 0 0
ARCELORMITTAL SA LUXEMBOURG NY REGISTRY SH 03938L203   9,953,683 345,015 SH   OTR 1 345,015 0 0
ASBURY AUTOMOTIVE GROUP COM 043436104   4,476,427 20,270 SH   OTR 1 20,270 0 0
ATKORE INC COM 047649108   749,875 12,500 SH   OTR 1 12,500 0 0
BUILDERS FIRSTSOURCE INC COM 12008R107   12,100,439 96,850 SH   SOLE   96,850 0 0
BUILDERS FIRSTSOURCE INC COM 12008R107   39,593,736 316,902 SH   OTR 1 316,902 0 0
CACI INTL INC CL A 127190304   1,394,296 3,800 SH   OTR 1 3,800 0 0
CANADIAN NAT RES LTD COM 136385101   8,790,751 285,414 SH   OTR 1 285,414 0 0
CANADIAN NAT RES LTD COM 136385101   1,543,634 50,118 SH   SOLE   50,118 0 0
CANADIAN SOLAR INC COM 136635109   17,300 2,000 SH   SOLE   2,000 0 0
CANADIAN SOLAR INC COM 136635109   4,228,812 488,880 SH   OTR 1 488,880 0 0
CAVCO INDS INC DEL COM 149568107   18,618,863 35,831 SH   OTR 1 35,831 0 0
CAVCO INDS INC DEL COM 149568107   2,344,571 4,512 SH   SOLE   4,512 0 0
CGI INC CL A SUB VTG 12532H104   1,347,705 13,500 SH   OTR 1 13,500 0 0
CHAMPION HOMES INC COM 830830105   6,875,122 72,553 SH   OTR 1 72,553 0 0
CLEVELAND-CLIFFS INC NEW COM 185599101   534,300 65,000 SH   OTR 1 65,000 0 0
DANA HOLDING CORP COM 235825205   70,649 5,300 SH   SOLE   5,300 0 0
DANA HOLDING CORP COM 235825205   2,228,349 167,168 SH   OTR 1 167,168 0 0
DORCHESTER MINERALS COM 25820R105   75,952 2,525 SH   SOLE   2,525 0 0
DORCHESTER MINERALS COM 25820R105   150,400 5,000 SH   OTR 1 5,000 0 0
FIVE POINT HOLDINGS LLC COM 33833Q106   36,189,431 6,777,047 SH   OTR 1 6,777,047 0 0
FIVE POINT HOLDINGS LLC COM 33833Q106   10,680 2,000 SH   SOLE   2,000 0 0
FRP HLDGS INCORPORATED COM 30292L107   257,130 9,000 SH   OTR 1 9,000 0 0
HILTON GRAND VACATIONS INC COM 43283X105   570,877 15,260 SH   OTR 1 15,260 0 0
HUDBAY MINERALS INC COM 443628102   600,027 79,055 SH   OTR 1 79,055 0 0
INSTEEL INDUSTRIES INC COM 45774W108   7,935,762 301,740 SH   OTR 1 301,740 0 0
INTERNATIONAL BUSINESS MACHINES CORP COM 459200101   198,928 800 SH   OTR 1 800 0 0
INTERNATIONAL BUSINESS MACHINES CORP COM 459200101   49,732 200 SH   SOLE   200 0 0
INTERNATIONAL SEAWAYS INC COM Y41053102   332,000 10,000 SH   OTR 1 10,000 0 0
JEFFERIES FINL GROUP INC COM 47233W109   2,595,092 48,443 SH   SOLE   48,443 0 0
JEFFERIES FINL GROUP INC COM 47233W109   15,807,703 295,085 SH   OTR 1 295,085 0 0
LEGACY HOUSING CORP COM 52472M101   5,581,287 221,304 SH   OTR 1 221,304 0 0
LINCOLN ELEC HLDGS INC COM 533900106   33,103 175 SH   SOLE   175 0 0
LINCOLN ELEC HLDGS INC COM 533900106   9,443,435 49,923 SH   OTR 1 49,923 0 0
LIQUIDITY SERVICES INC COM 53635B107   218,621 7,050 SH   SOLE   7,050 0 0
LOUISIANA PAC CORP COM 546347105   7,276,170 79,106 SH   OTR 1 79,106 0 0
LSB INDS INC COM 502160104   286,230 43,434 SH   SOLE   43,434 0 0
LSB INDS INC COM 502160104   27,917,336 4,236,318 SH   OTR 1 4,236,318 0 0
MANCHESTER UTD PLC NEW COM G5784H106   196,350 15,000 SH   OTR 1 15,000 0 0
MERCK & CO INC NEW COM 58933Y105   269,280 3,000 SH   OTR 1 3,000 0 0
MORGAN STANLEY COM NEW 617446448   25,084 215 SH   SOLE   215 0 0
MORGAN STANLEY COM NEW 617446448   758,355 6,500 SH   OTR 1 6,500 0 0
NATIONAL ENERGY SERVICES REU SHS G6375R107   73,600 10,000 SH   SOLE   10,000 0 0
NAVIGATOR HOLDINGS PLC SHS Y62132108   9,789,918 735,531 SH   OTR 1 735,531 0 0
NOBLE CORP NEW ORD SHS A G65431127   3,631,030 153,208 SH   OTR 1 153,208 0 0
OLIN CORP NEW COM PAR $1 680665205   8,605 355 SH   SOLE   355 0 0
OLIN CORP NEW COM PAR $1 680665205   2,795,526 115,327 SH   OTR 1 115,327 0 0
PETROLEO BRASILEIRO SA PETRO SPONSORED ADR 71654V408   717,000 50,000 SH   OTR 1 50,000 0 0
PHX MINERALS INC CL A 69291A100   50,307 12,736 SH   OTR 1 12,736 0 0
PHX MINERALS INC CL A 69291A100   17,542 4,441 SH   SOLE   4,441 0 0
PREFORMED LINE PRODS CO COM 740444104   2,589,424 18,484 SH   OTR 1 18,484 0 0
QUIPT HOME MEDICAL CORP COM 74880P104   41,472 17,799 SH   OTR 1 17,799 0 0
RADNET INC COM 750491102   9,467,981 190,426 SH   OTR 1 190,426 0 0
RADNET INC COM 750491102   134,244 2,700 SH   SOLE   2,700 0 0
RANGER ENERGY SVCS INC COM CL A 75282U104   1,419,000 100,000 SH   OTR 1 100,000 0 0
RYERSON HLDG CORP COM 783754104   596,960 26,000 SH   OTR 1 26,000 0 0
SANDISK CORP COM 80004C200   31,708 666 SH   SOLE   666 0 0
SANDISK CORP COM 80004C200   1,283,470 26,958 SH   OTR 1 26,958 0 0
SEA LTD SPONSORED ADS 81141R100   1,957,350 15,000 SH   OTR 1 15,000 0 0
SEACOR MARINE HOLDINGS INC COM 78413P101   4,277,678 845,391 SH   OTR 1 845,391 0 0
SEACOR MARINE HOLDINGS INC COM 78413P101   1,498 296 SH   SOLE   296 0 0
SEADRILL 2021 LTD COM G7997W102   401,250 16,050 SH   OTR 1 16,050 0 0
SENECA FOODS CORP COM 817070501   9,794 110 SH   SOLE   110 0 0
SENECA FOODS CORP COM 817070501   2,114,077 23,743 SH   OTR 1 23,743 0 0
SPOTIFY TECHNOLOGY S A SHS L8681T102   4,125,225 7,500 SH   OTR 1 7,500 0 0
TECHNIPFMC PLC COM G87110105   5,546 175 SH   SOLE   175 0 0
TECHNIPFMC PLC COM G87110105   6,429,647 202,892 SH   OTR 1 202,892 0 0
TECK RESOURCES INC CL B 878742204   3,643,000 100,000 SH   OTR 1 100,000 0 0
TIDEWATER INC COM 88642R109   7,960,117 188,316 SH   SOLE   188,316 0 0
TIDEWATER INC COM 88642R109   112,789,675 2,668,315 SH   OTR 1 2,668,315 0 0
TRAVEL PLUS LEISURE CO COM 894164102   5,786,898 125,014 SH   OTR 1 125,014 0 0
U HAUL HOLDING COMPANY COM SER N 023586506   1,011,978 17,100 SH   OTR 1 17,100 0 0
VALARIS LIMITED CL A G9460G101   2,062,092 52,524 SH   OTR 1 52,524 0 0
WEST FRASER TIMBER CO LTD COM 952845105   22,379,769 290,873 SH   OTR 1 290,873 0 0
WEST FRASER TIMBER CO LTD COM 952845105   468,180 6,085 SH   SOLE   6,085 0 0
WESTERN DIGITAL CORP COM 958102105   80,860 2,000 SH   SOLE   2,000 0 0
WESTERN DIGITAL CORP COM 958102105   3,417,548 84,530 SH   OTR 1 84,530 0 0
WESTLAKE CHEM CORP COM 960413102   316,595 3,165 SH   SOLE   3,165 0 0
WESTLAKE CHEM CORP COM 960413102   16,157,946 161,531 SH   OTR 1 161,531 0 0