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

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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
1STDIBS COM INC COM 320551104   1,100,000 400,000 SH   SOLE   400,000 0 0
ABRDN ASIA PACIFIC INCOME FU COM NEW 003009867   9,552,000 600,000 SH   SOLE   600,000 0 0
ADOBE INC COM 00724F101   3,095,040 8,000 SH   SOLE   8,000 0 0
ALPHABET INC CAP STK CL A 02079K305   7,930,350 45,000 SH   SOLE   45,000 0 0
ALPS ETF TR ALERIAN MLP 00162Q452   11,726,400 240,000 SH   SOLE   240,000 0 0
AMPLIFY ENERGY CORP NEW COM 03212B103   2,560,000 800,000 SH   SOLE   800,000 0 0
AMREP CORP COM 032159105   2,396,987 114,524 SH   SOLE   114,524 0 0
AUBURN NATL BANCORP COM 050473107   703,000 28,120 SH   SOLE   28,120 0 0
BANCO BRADESCO S A SP ADR PFD NEW 059460303   4,635,000 1,500,000 SH   SOLE   1,500,000 0 0
BANCO DE CHILE SPONSORED ADS 059520106   4,563,000 150,000 SH   SOLE   150,000 0 0
BASSETT FURNITURE INDS INC COM 070203104   3,040,000 200,000 SH   SOLE   200,000 0 0
BV FINL INC COM NEW 05603E208   916,206 60,158 SH   SOLE   60,158 0 0
C & F FINL CORP COM 12466Q104   3,154,835 51,107 SH   SOLE   51,107 0 0
CF BANKSHARES INC COM 12520L109   156,284 6,520 SH   SOLE   6,520 0 0
CITIZENS INC CL A 174740100   471,269 135,034 SH   SOLE   135,034 0 0
COMSTOCK HLDG COS INC CL A NEW 205684202   1,145,760 113,554 SH   SOLE   113,554 0 0
DOUGLAS ELLIMAN INC COM 25961D105   4,640,000 2,000,000 SH   SOLE   2,000,000 0 0
ECOPETROL S A SPONSORED ADS 279158109   4,867,500 550,000 SH   SOLE   550,000 0 0
ENERGY SVCS ACQUISITION CORP COM 29271Q103   992,251 99,824 SH   SOLE   99,824 0 0
ENERGY TRANSFER L P CALL 29273V900   8,158,500 450,000 SH Call SOLE   450,000 0 0
FIRST CAP INC COM 31942S104   978,656 23,702 SH   SOLE   23,702 0 0
FONAR CORP COM NEW 344437405   1,346,400 90,000 SH   SOLE   90,000 0 0
FRIEDMAN INDS INC COM 358435105   2,484,000 150,000 SH   SOLE   150,000 0 0
GENERAL MTRS CO CALL 37045V900   9,842,000 200,000 SH Call SOLE   200,000 0 0
GRANITE PT MTG TR INC COM STK 38741L107   988,000 400,000 SH   SOLE   400,000 0 0
GRUPO AVAL ACCIONES Y VALORE SPONSORED ADS 40053W101   4,777,000 1,700,000 SH   SOLE   1,700,000 0 0
GRUPO CIBEST SA SPON ADS 40090E106   11,547,500 250,000 SH   SOLE   250,000 0 0
GULF IS FABRICATION INC COM 402307102   1,164,063 175,047 SH   SOLE   175,047 0 0
HENNESSY ADVISORS INC COM 425885100   556,051 44,131 SH   SOLE   44,131 0 0
HERITAGE GLOBAL INC COM 42727E103   2,042,749 920,157 SH   SOLE   920,157 0 0
HOOKER FURNISHINGS CORPORATI COM 439038100   624,178 58,996 SH   SOLE   58,996 0 0
INFUSYSTEM HLDGS INC COM 45685K102   1,123,200 180,000 SH   SOLE   180,000 0 0
ISHARES INC CALL 464286900   40,390,000 1,400,000 SH Call SOLE   1,400,000 0 0
KASPI KZ JSC SPONSORED ADS 48581R205   6,366,750 75,000 SH   SOLE   75,000 0 0
KOLIBRI GLOBAL ENERGY INC COM NEW 50043K406   875,293 127,780 SH   SOLE   127,780 0 0
LANTRONIX INC COM NEW 516548203   574,000 200,000 SH   SOLE   200,000 0 0
LEGACY ED INC COM 52474R207   2,197,977 196,599 SH   SOLE   196,599 0 0
LESLIES INC COM 527064109   288,570 687,236 SH   SOLE   687,236 0 0
LIFETIME BRANDS INC COM 53222Q103   904,337 177,321 SH   SOLE   177,321 0 0
MAGIC SOFTWARE ENTERPRISES L ORD 559166103   3,409,020 178,296 SH   SOLE   178,296 0 0
MAGYAR BANCORP INC COM 55977T208   1,554,327 93,241 SH   SOLE   93,241 0 0
MERIDIAN CORPORATION COM 58958P104   1,602,163 124,295 SH   SOLE   124,295 0 0
NEWMONT CORP CALL 651639906   5,826,000 100,000 SH Call SOLE   100,000 0 0
OP BANCORP COM 67109R109   5,196,000 400,000 SH   SOLE   400,000 0 0
PAGSEGURO DIGITAL LTD COM CL A G68707101   7,712,000 800,000 SH   SOLE   800,000 0 0
PAYPAL HLDGS INC COM 70450Y103   2,415,400 32,500 SH   SOLE   32,500 0 0
PERMA-PIPE INTL HLDGS INC COM 714167103   937,670 41,000 SH   SOLE   41,000 0 0
PETMED EXPRESS INC COM 716382106   398,516 120,035 SH   SOLE   120,035 0 0
SCHLUMBERGER LTD COM STK 806857108   2,366,000 70,000 SH   SOLE   70,000 0 0
SCHLUMBERGER LTD CALL 806857908   8,450,000 250,000 SH Call SOLE   250,000 0 0
SPDR S&P 500 ETF TR PUT 78462F953   166,819,500 270,000 SH Put SOLE   270,000 0 0
STONECO LTD COM CL A G85158106   6,416,000 400,000 SH   SOLE   400,000 0 0
STRATTEC SEC CORP COM 863111100   4,014,162 64,526 SH   SOLE   64,526 0 0
TEMPLETON EMERGING MKTS INCO COM 880192109   1,212,504 202,084 SH   SOLE   202,084 0 0
TOWNSQUARE MEDIA INC CL A 892231101   1,186,500 150,000 SH   SOLE   150,000 0 0
TRUBRIDGE INC COM 205306103   234,200 10,000 SH   SOLE   10,000 0 0
ULTRALIFE CORP COM 903899102   2,245,000 250,000 SH   SOLE   250,000 0 0
VISTA ENERGY S.A.B. DE C.V. SPONSORED ADS 92837L109   1,912,400 40,000 SH   SOLE   40,000 0 0
WHIRLPOOL CORP COM 963320106   2,028,400 20,000 SH   SOLE   20,000 0 0