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
Arcelormittal SA Luxemberg NY Registry SH 03938L203   7,410,750 205,000 SH   SOLE   0 0 0
Algoma Steel Group COM 015658107   3,532,150 992,177 SH   SOLE   0 0 0
American Axle & MFG Holdings Inc COM 024061103   6,656,075 1,107,500 SH   SOLE   0 0 0
Bally's Corporation COMMON STOCK 05875B304   931,500 50,000 SH   SOLE   0 0 0
BCP Investment Corporation COM NEW 73688F201   1,411,814 122,447 SH   SOLE   0 0 0
Outdoor Holdings Co COM 00175J107   814,000 550,000 SH   SOLE   0 0 0
AMREP Corp COM 032159105   3,381,331 141,360 SH   SOLE   0 0 0
Atkore International Group Inc COM 047649108   1,568,500 25,000 SH   SOLE   0 0 0
Bluelinx Holdings Inc COM NEW 09624H208   28,767,869 393,649 SH   SOLE   0 0 0
Brightview Holdings Inc COM 10948C107   268,000 20,000 SH   SOLE   0 0 0
Builders FirstSource Inc COM 12008R107   35,437,131 292,265 SH   SOLE   0 0 0
Carriage Services Inc COM 143905107   3,162,652 71,007 SH   SOLE   0 0 0
Century Casinos Inc COM 156492100   99,919 38,283 SH   SOLE   0 0 0
Civeo Corporation COM NEW 17878Y207   4,456,250 193,750 SH   SOLE   0 0 0
Cleveland-Cliffs Inc New COM 185899101   138,470 11,350 SH   SOLE   0 0 0
Colliers Intl Group Inc SUB VTG SHS 194693107   4,702,546 30,104 SH   SOLE   0 0 0
Commercial Vehicle Group Inc COM 202608105   114,447 67,322 SH   SOLE   0 0 0
Concrete Pumping Holdings Inc COM 206704108   2,406,870 341,400 SH   SOLE   0 0 0
Conduent Inc COM 206787103   3,116,571 1,113,061 SH   SOLE   0 0 0
CoreCivic Inc COM 21871N101   17,200,024 845,210 SH   SOLE   0 0 0
Core Natural Resources COM SHS 218937100   38,966,711 466,779 SH   SOLE   0 0 0
Dana Incorporated COM 235825205   37,119,952 1,852,293 SH   SOLE   0 0 0
Destination XL Group Inc COM 25065K104   98,250 75,000 SH   SOLE   0 0 0
Ezcorp Inc CL A NON VTG 302301106   571,200 30,000 SH   SOLE   0 0 0
Fathom Holdings Inc COM 31189V109   125,788 69,882 SH   SOLE   0 0 0
Ferroglobe PLC SHS G33856108   2,980,250 655,000 SH   SOLE   0 0 0
FirstService Corp COM 33767E202   1,924,711 10,104 SH   SOLE   0 0 0
Fluent Co COM 34380C102   3,242,989 1,460,806 SH   SOLE   0 0 0
Forum Energy Technoligies Inc Com 34984V209   3,226,568 120,800 SH   SOLE   0 0 0
FS KKR Capital Corp COM 302635206   559,875 37,500 SH   SOLE   0 0 0
Garrett Motion Inc COM 366505105   1,239,420 91,000 SH   SOLE   0 0 0
Graftech INTL LTD COM 384313508   375,306 29,275 SH   SOLE   0 0 0
Gray Television Inc COM 389375106   504,594 87,300 SH   SOLE   0 0 0
Geo Group Inc COM 36162J106   1,639,200 80,000 SH   SOLE   0 0 0
GSI Technology COM 36241U106   121,440 33,000 SH   SOLE   0 0 0
Hallador Energy Company COM 40609P105   3,131,200 160,000 SH   SOLE   0 0 0
Hudson Technologies Inc COM 444144109   3,040,566 306,200 SH   SOLE   0 0 0
IES Holdings Inc COM 44951W106   334,424 841 SH   SOLE   0 0 0
Information Services Group Inc COM 45675Y104   2,803,936 487,641 SH   SOLE   0 0 0
Inspired Entertainment COM 45782N108   609,700 65,000 SH   SOLE   0 0 0
Kelly Services Inc CL A 488152208   1,541,416 117,486 SH   SOLE   0 0 0
Kratos Defense & Sec Solutions COM NEW 50077B207   299,785 3,281 SH   SOLE   0 0 0
Lee Enterprises Inc COM 523768406   217,600 40,000 SH   SOLE   0 0 0
Lifetime Brands COM 53222Q103   6,144,987 1,587,852 SH   SOLE   0 0 0
Limbach Holdings Inc COM 53263P105   1,942,400 20,000 SH   SOLE   0 0 0
LSB Inds Inc COM 502160104   551,600 70,000 SH   SOLE   0 0 0
Mayville Engineering Co Inc COM 578605107   4,464,124 250,512 SH   SOLE   0 0 0
Magnera Corp COM SHS 55939A107   1,992,400 170,000 SH   SOLE   0 0 0
Nexxen International LTD SPON ADR 89484T104   37,026,594 4,002,875 SH   SOLE   0 0 0
Mount Logan Capital Inc COM 62188E103   2,398,547 307,506 SH   SOLE   0 0 0
Mistras Group Inc COM 60649T107   1,990,071 202,243 SH   SOLE   0 0 0
NORTH AMERN CONSTR GROUP LTD COM 656811106   284,000 20,000 SH   SOLE   0 0 0
O-I Glass Inc COM 67098H104   2,010,350 155,000 SH   SOLE   0 0 0
Olympic Steel Inc COM 68162K106   6,775,095 222,499 SH   SOLE   0 0 0
Oppenheimer Holdings Inc CL A NON VTG 683797104   37,247,240 503,954 SH   SOLE   0 0 0
Orion Group Hldgs Inc COM 68628V308   1,081,600 130,000 SH   SOLE   0 0 0
Park-Ohio Holdings Corp COM 700666100   1,633,335 76,899 SH   SOLE   0 0 0
Quipt Home Medical COM 74880P104   522,000 200,000 SH   SOLE   0 0 0
RadNet Inc COM 750491102   108,527,689 1,424,061 SH   SOLE   0 0 0
Ramaco Resources Inc COM CL A 75134P900   6,969,900 210,000 SH   SOLE   0 0 0
Ramaco Resources Inc COM CL B 75134P303   974,992 57,863 SH   SOLE   0 0 0
Ranger Energy Services Inc COM CL A 75282U104   513,527 36,576 SH   SOLE   0 0 0
Rayonier Advanced Materials Inc COM 75508B104   722,000 100,000 SH   SOLE   0 0 0
RCI Hospitality Holdings Inc COM 74934Q108   1,830,600 60,000 SH   SOLE   0 0 0
Rimini Str Inc Del COM 76674Q107   277,023 59,193 SH   SOLE   0 0 0
RideNow Group Inc COM CL B 781386305   308,000 70,000 SH   SOLE   0 0 0
Rush Enterprises Inc Cl A CL A 781846209   1,087,667 20,418 SH   SOLE   0 0 0
Rush Enterprises Inc Cl B CL B 781846308   1,168,114 20,418 SH   SOLE   0 0 0
Ryerson Holding Corporation COM 783754104   48,578,369 2,125,038 SH   SOLE   0 0 0
Saratoga Investment Corp COM NEW 80349A208   807,928 33,847 SH   SOLE   0 0 0
Sinclair Broadcast Group Inc CL A 829226109   2,944,500 195,000 SH   SOLE   0 0 0
Smart Sand Inc COM 83191H107   984,400 460,000 SH   SOLE   0 0 0
Sportsmans Warehouse Holdings Inc COM 84920Y106   4,738,899 1,710,794 SH   SOLE   0 0 0
Tidewater COM 88642R109   1,333,250 25,000 SH   SOLE   0 0 0
Titan International Inc COM 88830M102   378,000 50,000 SH   SOLE   0 0 0
Torrid Holdings Inc COM 89142B107   262,500 150,000 SH   SOLE   0 0 0
Townsquare Media Inc CL A 892231101   3,051,318 467,807 SH   SOLE   0 0 0
Trimas Corp COM NEW 896215209   859,669 22,277 SH   SOLE   0 0 0
Trinseo SA SHS G9059U107   63,452 27,001 SH   SOLE   0 0 0
Tutor Perini Corp COM 901109108   47,195,547 719,554 SH   SOLE   0 0 0
Varex Imaging COM 92214X106   3,893,154 313,964 SH   SOLE   0 0 0
Victory Cap Holdings Inc COM CL A 92645B103   15,659,745 241,812 SH   SOLE   0 0 0
Village Farms International Inc COM 92707Y108   563,400 180,000 SH   SOLE   0 0 0
World Acceptance Corp COM 981419104   180,811 1,069 SH   SOLE   0 0 0
Xcel Brands Inc COM NEW 98400M101   26,400 15,000 SH   SOLE   0 0 0
Xpel Inc COM 98379L100   826,750 25,000 SH   SOLE   0 0 0