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 (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
ABBVIE INC COM 00287Y109 1,003 9,300 SH   SOLE   9,300 0 0
ACCO BRANDS CORP COM 00081T108 859 100,000 SH   SOLE   100,000 0 0
ACME UTD CORP COM 004816104 2,292 70,000 SH   SOLE   70,000 0 0
AIR LEASE CORP CL A 00912X302 2,164 55,000 SH   SOLE   55,000 0 0
ALASKA AIR GROUP INC COM 011659109 1,324 22,600 SH   SOLE   22,600 0 0
ALLIANCE DATA SYSTEMS CORP COM 018581108 2,058 20,400 SH   SOLE   20,400 0 0
ALPHA & OMEGA SEMICONDUCTOR SHS G6331P104 2,419 77,100 SH   SOLE   77,100 0 0
ALPHABET INC CAP STK CL A 02079K305 1,871 700 SH   SOLE   700 0 0
ALPHABET INC CAP STK CL C 02079K107 1,871 702 SH   SOLE   702 0 0
ALTRIA GROUP INC COM 02209S103 1,115 24,500 SH   SOLE   24,500 0 0
AMC NETWORKS INC CL A 00164V103 932 20,000 SH   SOLE   20,000 0 0
AMGEN INC COM 031162100 936 4,400 SH   SOLE   4,400 0 0
APPLE INC COM 037833100 2,222 15,700 SH   SOLE   15,700 0 0
ARCH RESOURCES INC CL A 03940R107 1,790 19,300 SH   SOLE   19,300 0 0
AT&T INC COM 00206R102 948 35,100 SH   SOLE   35,100 0 0
B. RILEY FINANCIAL INC COM 05580M108 1,506 25,500 SH   SOLE   25,500 0 0
BGC PARTNERS INC CL A 05541T101 1,563 300,000 SH   SOLE   300,000 0 0
BRINKER INTL INC COM 109641100 1,226 25,000 SH   SOLE   25,000 0 0
BRISTOL-MYERS SQUIBB CO COM 110122108 1,775 30,000 SH   SOLE   30,000 0 0
CARDINAL HEALTH INC COM 14149Y108 925 18,700 SH   SOLE   18,700 0 0
CIGNA CORP NEW COM 125523100 2,002 10,000 SH   SOLE   10,000 0 0
CISCO SYS INC COM 17275R102 1,225 22,500 SH   SOLE   22,500 0 0
COMPUTER TASK GROUP INC COM 205477102 798 100,000 SH   SOLE   100,000 0 0
CORNERSTONE BLDG BRANDS INC COM 21925D109 863 59,100 SH   SOLE   59,100 0 0
CRANE CO COM 224399105 1,830 19,300 SH   SOLE   19,300 0 0
CRAWFORD & CO CL A 224633206 897 100,000 SH   SOLE   100,000 0 0
DANA INC COM 235825205 1,779 80,000 SH   SOLE   80,000 0 0
DELUXE CORP COM 248019101 1,271 35,400 SH   SOLE   35,400 0 0
DENNYS CORP COM 24869P104 409 25,000 SH   SOLE   25,000 0 0
DISCOVER FINL SVCS COM 254709108 1,843 15,000 SH   SOLE   15,000 0 0
DOW INC COM 260557103 1,042 18,100 SH   SOLE   18,100 0 0
DXC TECHNOLOGY CO COM 23355L106 1,351 40,200 SH   SOLE   40,200 0 0
EXXON MOBIL CORP COM 30231G102 1,412 24,000 SH   SOLE   24,000 0 0
FEDEX CORP COM 31428X106 1,864 8,500 SH   SOLE   8,500 0 0
FLEX LTD ORD Y2573F102 1,006 56,900 SH   SOLE   56,900 0 0
GENERAL MTRS CO COM 37045V100 2,072 39,300 SH   SOLE   39,300 0 0
GENUINE PARTS CO COM 372460105 1,212 10,000 SH   SOLE   10,000 0 0
GILEAD SCIENCES INC COM 375558103 1,048 15,000 SH   SOLE   15,000 0 0
GLAXOSMITHKLINE PLC SPONSORED ADR 37733W105 1,013 26,500 SH   SOLE   26,500 0 0
GOLDMAN SACHS GROUP INC COM 38141G104 1,815 4,800 SH   SOLE   4,800 0 0
GSI TECHNOLOGY INC COM 36241U106 792 150,000 SH   SOLE   150,000 0 0
BLOCK H & R INC COM 093671105 1,613 64,500 SH   SOLE   64,500 0 0
HANESBRANDS INC COM 410345102 1,170 68,200 SH   SOLE   68,200 0 0
KRAFT HEINZ CO COM 500754106 1,060 28,800 SH   SOLE   28,800 0 0
HOOKER FURNISHINGS CORPORATI COM 439038100 883 32,700 SH   SOLE   32,700 0 0
HSBC HLDGS PLC SPON ADR NEW 404280406 1,009 38,600 SH   SOLE   38,600 0 0
INTEL CORP COM 458140100 1,066 20,000 SH   SOLE   20,000 0 0
INTERNATIONAL PAPER CO COM 460146103 1,124 20,100 SH   SOLE   20,100 0 0
INTERNATIONAL BUSINESS MACHS COM 459200101 1,118 8,050 SH   SOLE   8,050 0 0
INVESCO LTD SHS G491BT108 1,770 73,400 SH   SOLE   73,400 0 0
JOANN INC COM 47768J101 668 60,000 SH   SOLE   60,000 0 0
LEAR CORP COM NEW 521865204 1,706 10,900 SH   SOLE   10,900 0 0
LEGGETT & PLATT INC COM 524660107 1,013 22,600 SH   SOLE   22,600 0 0
LOCKHEED MARTIN CORP COM 539830109 966 2,800 SH   SOLE   2,800 0 0
LYONDELLBASELL INDUSTRIES N SHS - A - N53745100 1,032 11,000 SH   SOLE   11,000 0 0
MAGNA INTL INC COM 559222401 1,881 25,000 SH   SOLE   25,000 0 0
MCKESSON CORP COM 58155Q103 1,495 7,500 SH   SOLE   7,500 0 0
M D C HLDGS INC COM 552676108 1,037 22,196 SH   SOLE   22,196 0 0
MERCURY GENL CORP NEW COM 589400100 1,074 19,300 SH   SOLE   19,300 0 0
MERITOR INC COM 59001K100 639 30,000 SH   SOLE   30,000 0 0
METLIFE INC COM 59156R108 2,000 32,400 SH   SOLE   32,400 0 0
MKS INSTRS INC COM 55306N104 1,509 10,000 SH   SOLE   10,000 0 0
MSC INDL DIRECT INC CL A 553530106 946 11,800 SH   SOLE   11,800 0 0
NATIONAL FUEL GAS CO COM 636180101 1,281 24,400 SH   SOLE   24,400 0 0
NEWELL BRANDS INC COM 651229106 1,043 47,100 SH   SOLE   47,100 0 0
NEXSTAR MEDIA GROUP INC CL A 65336K103 2,051 13,500 SH   SOLE   13,500 0 0
OLD REP INTL CORP COM 680223104 1,184 51,200 SH   SOLE   51,200 0 0
OMNICOM GROUP INC COM 681919106 1,174 16,200 SH   SOLE   16,200 0 0
O-I GLASS INC COM 67098H104 1,858 130,200 SH   SOLE   130,200 0 0
PENSKE AUTOMOTIVE GRP INC COM 70959W103 1,690 16,800 SH   SOLE   16,800 0 0
PPL CORP COM 69351T106 1,009 36,200 SH   SOLE   36,200 0 0
PRINCIPAL FINANCIAL GROUP IN COM 74251V102 1,320 20,500 SH   SOLE   20,500 0 0
PRUDENTIAL FINL INC COM 744320102 1,536 14,600 SH   SOLE   14,600 0 0
RIO TINTO PLC SPONSORED ADR 767204100 889 13,300 SH   SOLE   13,300 0 0
RYDER SYS INC COM 783549108 1,323 16,000 SH   SOLE   16,000 0 0
SAGA COMMUNICATIONS INC CL A NEW 786598300 563 25,000 SH   SOLE   25,000 0 0
SPROUTS FMRS MKT INC COM 85208M102 1,159 50,000 SH   SOLE   50,000 0 0
BUCKLE INC COM 118440106 1,362 34,400 SH   SOLE   34,400 0 0
TIMKEN CO COM 887389104 1,740 26,600 SH   SOLE   26,600 0 0
TOYOTA MOTOR CORP SP ADR REP2COM 892331307 1,155 6,500 SH   SOLE   6,500 0 0
TRITON INTL LTD CL A G9078F107 1,077 20,700 SH   SOLE   20,700 0 0
UGI CORP NEW COM 902681105 1,236 29,000 SH   SOLE   29,000 0 0
UMPQUA HLDGS CORP COM 904214103 1,339 66,100 SH   SOLE   66,100 0 0
UNITED THERAPEUTICS CORP DEL COM 91307C102 757 4,100 SH   SOLE   4,100 0 0
UNUM GROUP COM 91529Y106 1,118 44,600 SH   SOLE   44,600 0 0
USA TRUCK INC COM 902925106 1,057 69,200 SH   SOLE   69,200 0 0
VIATRIS INC COM 92556V106 1,152 85,000 SH   SOLE   85,000 0 0
WALGREENS BOOTS ALLIANCE INC COM 931427108 1,195 25,400 SH   SOLE   25,400 0 0
XEROX HOLDINGS CORP COM NEW 98421M106 881 43,700 SH   SOLE   43,700 0 0