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
ARCOS DORADOS HOLDINGS INC-A Com G0457F107   34,675,324 4,147,766 SH   SOLE   4,070,925 0 76,841
BROOKFIELD ASSET MGMT-A Com 113004105   1,353,138 47,197 SH   SOLE   47,197 0 0
BROOKFIELD CORP Com 11271J107   5,910,076 187,860 SH   SOLE   187,860 0 0
BROOKFIELD REINSURANCE LTD Com G16250105   30,383 971 SH   SOLE   971 0 0
CAMECO CORP Com 13321L108   28,736,994 1,269,147 SH   SOLE   1,269,147 0 0
CAPITAL SOUTHWEST CORP Com 140501107   1,817,217 106,270 SH   SOLE   106,270 0 0
COPA HOLDINGS SA-CLASS A Com P31076105   2,086,985 25,093 SH   SOLE   25,093 0 0
CSW INDUSTRIALS INC Com 126402106   1,938,813 16,724 SH   SOLE   16,724 0 0
DESPEGAR.COM CORP Com G27358103   18,760,225 3,656,964 SH   SOLE   3,545,946 0 111,018
ENERFLEX LTD Com 29269R105   21,887,975 3,473,883 SH   SOLE   3,368,325 0 105,558
JEFFERIES FINANCIAL GROUP IN Com 47233W109   44,720,111 1,304,554 SH   SOLE   1,304,554 0 0
NUTRIEN LTD Com 67077M108   28,149,194 385,447 SH   SOLE   381,201 0 4,246
SPECTRUM BRANDS HOLDINGS INC Com 84790A105   46,477,939 762,934 SH   SOLE   752,254 0 10,680
TIDEWATER INC Com 88642R109   54,501,776 1,479,017 SH   SOLE   1,457,382 0 21,635
WHEATON PRECIOUS METALS CORP Com 962879102   39,022,787 998,536 SH   SOLE   998,536 0 0
YAMANA GOLD INC Com 98462Y100   2,353,661 424,083 SH   SOLE   424,083 0 0