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
ACADEMY SPORTS & OUTDOORS IN COM 00402L107   5,753,530 85,187 SH   OTR 1 85,187 0 0
ADVANCED ENERGY INDS COM 007973100   481,856 4,725 SH   SOLE   4,725 0 0
AERCAP HOLDINGS NV SHS N00985106   8,650,674 99,536 SH   OTR 1 99,536 0 0
AGNICO EAGLE MINES LTD COM 008474108   507,025 8,500 SH   OTR 1 8,500 0 0
ALAMOS GOLD INCORPORATED COM CL A 011532108   663,750 45,000 SH   OTR 1 45,000 0 0
ALLISON TRANSMISSION HLDGS INC COM 01973R101   4,869,032 59,993 SH   OTR 1 59,993 0 0
ALPHA TAU MEDICAL LTD *W EXP 03/07/2028 M0740A116   12,505 50,000 SH   OTR 1 50,000 0 0
AMKOR TECHNOLOGY INC COM 031652100   7,141,869 221,522 SH   OTR 1 221,522 0 0
AMREP CORP NEW COM 032159105   12,118,684 521,458 SH   OTR 1 521,458 0 0
AMREP CORP NEW COM 032159105   538,834 23,186 SH   SOLE   23,186 0 0
ARCELORMITTAL SA LUXEMBOURG NY REGISTRY SH 03938L203   1,434,850 52,025 SH   OTR 1 52,025 0 0
ATKORE INC COM 047649108   1,903,600 10,000 SH   OTR 1 10,000 0 0
BUILDERS FIRSTSOURCE INC COM 12008R107   21,526,740 103,221 SH   SOLE   103,221 0 0
BUILDERS FIRSTSOURCE INC COM 12008R107   62,348,317 298,961 SH   OTR 1 298,961 0 0
CACI INTL INC CL A 127190304   1,288,022 3,400 SH   OTR 1 3,400 0 0
CANADIAN NAT RES LTD COM 136385101   10,221,309 133,927 SH   OTR 1 133,927 0 0
CANADIAN NAT RES LTD COM 136385101   1,943,031 25,459 SH   SOLE   25,459 0 0
CANADIAN SOLAR INC COM 136635109   6,233,806 315,476 SH   OTR 1 315,476 0 0
CAVCO INDS INC DEL COM 149568107   14,488,272 36,306 SH   OTR 1 36,306 0 0
CAVCO INDS INC DEL COM 149568107   2,624,618 6,577 SH   SOLE   6,577 0 0
CGI INC CL A SUB VTG 12532H104   1,215,390 11,000 SH   OTR 1 11,000 0 0
CNH INDL N V SHS N20944109   129,600 10,000 SH   OTR 1 10,000 0 0
DANA HOLDING CORP COM 235825205   44,450 3,500 SH   SOLE   3,500 0 0
DANA HOLDING CORP COM 235825205   4,477,233 352,538 SH   OTR 1 352,538 0 0
DEERE & CO COM 244199105   246,444 600 SH   OTR 1 600 0 0
DORCHESTER MINERALS COM 25820R105   85,143 2,525 SH   SOLE   2,525 0 0
DORCHESTER MINERALS COM 25820R105   168,600 5,000 SH   OTR 1 5,000 0 0
FIVE POINT HOLDINGS LLC COM 33833Q106   37,707 12,047 SH   OTR 1 12,047 0 0
FIVE POINT HOLDINGS LLC COM 33833Q106   6,260 2,000 SH   SOLE   2,000 0 0
FRP HLDGS INCORPORATED COM 30292L107   1,228,000 20,000 SH   OTR 1 20,000 0 0
GULF IS FABRICATION INC COM 402307102   73,500 10,000 SH   OTR 1 10,000 0 0
INSTEEL INDUSTRIES INC COM 45774W108   10,043,452 262,780 SH   OTR 1 262,780 0 0
INTERNATIONAL SEAWAYS INC COM Y41053102   532,000 10,000 SH   OTR 1 10,000 0 0
JEFFERIES FINL GROUP INC COM 47233W109   1,743,626 39,538 SH   SOLE   39,538 0 0
JEFFERIES FINL GROUP INC COM 47233W109   16,656,173 377,691 SH   OTR 1 377,691 0 0
LEGACY HOUSING CORP COM 52472M101   2,779,523 129,160 SH   OTR 1 129,160 0 0
LINCOLN ELEC HLDGS INC COM 533900106   44,702 175 SH   SOLE   175 0 0
LINCOLN ELEC HLDGS INC COM 533900106   12,625,888 49,428 SH   OTR 1 49,428 0 0
LOUISIANA PAC CORP COM 546347105   6,630,820 79,023 SH   OTR 1 79,023 0 0
LSB INDS INC COM 502160104   381,351 43,434 SH   SOLE   43,434 0 0
LSB INDS INC COM 502160104   37,753,192 4,299,908 SH   OTR 1 4,299,908 0 0
MERCK & CO INC NEW COM 58933Y105   395,850 3,000 SH   OTR 1 3,000 0 0
MORGAN STANLEY COM NEW 617446448   20,244 215 SH   SOLE   215 0 0
MORGAN STANLEY COM NEW 617446448   659,120 7,000 SH   OTR 1 7,000 0 0
NOBLE CORP NEW SHS G6610J209   7,431,674 153,262 SH   OTR 1 153,262 0 0
OLIN CORP NEW COM PAR $1 680665205   20,874 355 SH   SOLE   355 0 0
OLIN CORP NEW COM PAR $1 680665205   6,591,833 112,106 SH   OTR 1 112,106 0 0
PETROLEO BRASILEIRO SA PETRO SPONSORED ADR 71654V408   760,500 50,000 SH   OTR 1 50,000 0 0
PHX MINERALS INC CL A 69291A100   43,430 12,736 SH   OTR 1 12,736 0 0
PHX MINERALS INC CL A 69291A100   5,524 1,620 SH   SOLE   1,620 0 0
PREFORMED LINE PRODS CO COM 740444104   2,573,400 20,000 SH   OTR 1 20,000 0 0
RADNET INC COM 750491102   14,032,717 288,383 SH   OTR 1 288,383 0 0
RADNET INC COM 750491102   131,382 2,700 SH   SOLE   2,700 0 0
RANGER ENERGY SVCS INC COM CL A 75282U104   1,129,000 100,000 SH   OTR 1 100,000 0 0
RYERSON HLDG CORP COM 783754104   686,750 20,500 SH   OTR 1 20,500 0 0
SEA LTD SPONSORED ADS 81141R100   1,074,200 20,000 SH   OTR 1 20,000 0 0
SEACOR MARINE HOLDINGS INC COM 78413P101   9,300,224 667,161 SH   OTR 1 667,161 0 0
SEACOR MARINE HOLDINGS INC COM 78413P101   4,126 296 SH   SOLE   296 0 0
SENECA FOODS CORP COM 817070501   6,259 110 SH   SOLE   110 0 0
SENECA FOODS CORP COM 817070501   1,323,949 23,268 SH   OTR 1 23,268 0 0
SKYLINE CORP COM 830830105   11,126,874 130,889 SH   OTR 1 130,889 0 0
SPOTIFY TECHNOLOGY S A SHS L8681T102   7,389,200 28,000 SH   OTR 1 28,000 0 0
TECHNIPFMC PLC COM G87110105   4,394 175 SH   SOLE   175 0 0
TECHNIPFMC PLC COM G87110105   13,337,227 531,152 SH   OTR 1 531,152 0 0
TECK RESOURCES INC CL B 878742204   4,578,000 100,000 SH   OTR 1 100,000 0 0
TIDEWATER INC COM 88642R109   15,088,000 164,000 SH   SOLE   164,000 0 0
TIDEWATER INC COM 88642R109   300,223,968 3,263,304 SH   OTR 1 3,263,304 0 0
TRAVEL PLUS LEISURE CO COM 894164102   3,051,628 62,329 SH   OTR 1 62,329 0 0
U HAUL HOLDING COMPANY COM 023586100   216,128 3,200 SH   OTR 1 3,200 0 0
U HAUL HOLDING COMPANY COM SER N 023586506   1,206,908 18,100 SH   OTR 1 18,100 0 0
U M H PROPERTIES INC COM 903002103   4,802,525 295,722 SH   OTR 1 295,722 0 0
U M H PROPERTIES INC COM 903002103   131,544 8,100 SH   SOLE   8,100 0 0
VALARIS LIMITED CL A G9460G101   3,863,397 51,334 SH   OTR 1 51,334 0 0
WEST FRASER TIMBER CO LTD COM 952845105   28,516,801 329,941 SH   OTR 1 329,941 0 0
WEST FRASER TIMBER CO LTD COM 952845105   525,927 6,085 SH   SOLE   6,085 0 0
WESTERN DIGITAL CORP COM 958102105   136,480 2,000 SH   SOLE   2,000 0 0
WESTERN DIGITAL CORP COM 958102105   9,269,039 135,830 SH   OTR 1 135,830 0 0
WESTLAKE CHEM CORP COM 960413102   483,612 3,165 SH   SOLE   3,165 0 0
WESTLAKE CHEM CORP COM 960413102   25,136,058 164,503 SH   OTR 1 164,503 0 0