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   1,957,500 30,000 SH   SOLE   30,000 0 0
ARC DOCUMENT SOLUTIONS INC COM 00191G103   2,297,930 724,899 SH   SOLE   724,899 0 0
ARK RESTAURANTS CORP COM 040712101   180,746 10,229 SH   SOLE   10,229 0 0
BERKSHIRE HILLS BANCORP INC COM 084680107   601,440 24,000 SH   SOLE   24,000 0 0
BHP GROUP LTD SPONSORED ADS 088606108   1,426,725 22,500 SH   SOLE   22,500 0 0
BRASKEM S A SP ADR PFD A 105532105   1,001,000 130,000 SH   SOLE   130,000 0 0
CHIPMOS TECHNOLOGIES INC SPONSORD ADS NEW 16965P202   1,506,600 60,000 SH   SOLE   60,000 0 0
COMPANHIA SIDERURGICA NACION SPONSORED ADR 20440W105   1,296,154 422,200 SH   SOLE   422,200 0 0
CORECIVIC INC COM 21871N101   1,242,000 135,000 SH   SOLE   135,000 0 0
CULLEN FROST BANKERS INC COM 229899109   948,060 9,000 SH   SOLE   9,000 0 0
DASEKE INC COM 23753F107   2,172,323 281,025 SH   SOLE   281,025 0 0
DXC TECHNOLOGY CO COM 23355L106   1,405,800 55,000 SH   SOLE   55,000 0 0
ENTRAVISION COMMUNICATIONS C CL A 29382R107   958,320 158,400 SH   SOLE   158,400 0 0
EQUINOR ASA SPONSORED ADR 29446M102   966,620 34,000 SH   SOLE   34,000 0 0
EVEREST RE GROUP LTD COM G3223R108   1,790,100 5,000 SH   SOLE   5,000 0 0
GREIF INC CL A 397624107   950,550 15,000 SH   SOLE   15,000 0 0
HCA HEALTHCARE INC COM 40412C101   2,056,704 7,800 SH   SOLE   7,800 0 0
HINGHAM INSTN SVGS MASS COM 433323102   758,680 3,250 SH   SOLE   3,250 0 0
HUNT J B TRANS SVCS INC COM 445658107   1,544,048 8,800 SH   SOLE   8,800 0 0
INGLES MKTS INC CL A 457030104   887,000 10,000 SH   SOLE   10,000 0 0
JPMORGAN CHASE & CO COM 46625H100   1,950,350 14,967 SH   SOLE   14,967 0 0
KROGER CO COM 501044101   1,974,800 40,000 SH   SOLE   40,000 0 0
LIVE OAK BANCSHARES INC COM 53803X105   913,875 37,500 SH   SOLE   37,500 0 0
MARCUS CORP DEL COM 566330106   1,840,000 115,000 SH   SOLE   115,000 0 0
MICROSOFT CORP COM 594918104   1,441,500 5,000 SH   SOLE   5,000 0 0
OCCIDENTAL PETE CORP COM 674599105   1,248,600 20,000 SH   SOLE   20,000 0 0
PROGRESSIVE CORP COM 743315103   1,072,950 7,500 SH   SOLE   7,500 0 0
QUALCOMM INC COM 747525103   2,003,006 15,700 SH   SOLE   15,700 0 0
RESOURCES CONNECTION INC COM 76122Q105   980,950 57,500 SH   SOLE   57,500 0 0
RYERSON HLDG CORP COM 783754104   2,910,400 80,000 SH   SOLE   80,000 0 0
SALEM MEDIA GROUP INC CL A 794093104   947,972 869,699 SH   SOLE   869,699 0 0
SECURITY NATL FINL CORP CL A NEW 814785309   72,754 11,678 SH   SOLE   11,678 0 0
SIBANYE STILLWATER LTD SPONSORED ADR 82575P107   956,800 115,000 SH   SOLE   115,000 0 0
SOUTHWESTERN ENERGY CO COM 845467109   950,000 190,000 SH   SOLE   190,000 0 0
TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS 874039100   1,023,220 11,000 SH   SOLE   11,000 0 0
TRACTOR SUPPLY CO COM 892356106   1,527,760 6,500 SH   SOLE   6,500 0 0
UNIVERSAL LOGISTICS HLDGS IN COM 91388P105   937,318 32,155 SH   SOLE   32,155 0 0
WESTLAKE CHEM PARTNERS LP COM UNIT RP LP 960417103   970,641 44,100 SH   SOLE   44,100 0 0