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
AT&T INC COM 00206R102 BBG001S5VWH2 6,922,223 359,596 SH   SOLE   211,692 0 147,904
BANK AMERICA CORP COM 060505104 BBG001S5P0Y0 6,668,605 233,168 SH   SOLE   135,668 0 97,500
BLOCK H & R INC COM 093671105 BBG001S5S031 713,601 20,244 SH   SOLE   20,244 0 0
BP PLC SPONSORED ADR 055622104 BBG001S5W4F5 25,446,549 670,705 SH   SOLE   577,005 0 93,700
C & F FINL CORP COM 12466Q104 BBG001SBJZY7 1,505,847 29,121 SH   SOLE   29,121 0 0
CAPSTAR FINL HLDGS INC COM 14070T102 BBG00CW88W92 804,192 53,082 SH   SOLE   53,082 0 0
CARRIER GLOBAL CORPORATION COM 14448C104 BBG00RP5HZM1 3,226,336 70,521 SH   SOLE   50,621 0 19,900
CARTER BANKSHARES INC COM NEW 146103106 BBG00Y9DFYK4 6,162,954 440,211 SH   SOLE   440,211 0 0
CHENIERE ENERGY INC COM NEW 16411R208 BBG001S7W158 1,815,552 11,520 SH   SOLE   9,820 0 1,700
CHESAPEAKE ENERGY CORP COM 165167735 BBG00Z6DX607 6,112,323 80,383 SH   SOLE   68,583 0 11,800
CHEVRON CORP NEW COM 166764100 BBG001S67ZC5 4,584,796 28,100 SH   SOLE   28,100 0 0
CHORD ENERGY CORPORATION COM NEW 674215207 BBG00Y7BLJF2 1,399,840 10,400 SH   SOLE   10,400 0 0
CITIGROUP INC COM NEW 172967424 BBG001S72ZG4 10,365,082 221,051 SH   SOLE   144,351 0 76,700
CNO FINL GROUP INC COM 12621E103 BBG001SBR6X3 7,499,378 337,962 SH   SOLE   279,227 0 58,735
COMMERCIAL VEH GROUP INC COM 202608105 BBG001SLYY17 809,978 110,956 SH   SOLE   110,956 0 0
COMTECH TELECOMMUNICATIONS C COM NEW 205826209 BBG001S5PYN8 3,662,380 293,460 SH   SOLE   293,460 0 0
CONAGRA BRANDS INC COM 205887102 BBG001S5PGY5 338,040 9,000 SH   SOLE   9,000 0 0
CONOCOPHILLIPS COM 20825C104 BBG001S5TZM2 1,785,780 18,000 SH   SOLE   18,000 0 0
CONSTELLATION ENERGY CORP COM 21037T109 BBG014KFRPJ9 589,536 7,510 SH   SOLE   7,510 0 0
CSI COMPRESSCO LP COM UNIT 12637A103 BBG001SR5QB2 1,455,095 1,183,004 SH   SOLE   1,183,004 0 0
DEVON ENERGY CORP NEW COM 25179M103 BBG001S63VG4 3,097,332 61,200 SH   SOLE   56,400 0 4,800
ENOVA INTL INC COM 29357K103 BBG0022PSJT4 4,956,788 111,564 SH   SOLE   111,564 0 0
EOG RES INC COM 26875P101 BBG001S5ZB93 1,707,987 14,900 SH   SOLE   14,900 0 0
EXELON CORP COM 30161N101 BBG001SBJMT2 323,851 7,731 SH   SOLE   7,731 0 0
EXXON MOBIL CORP COM 30231G102 BBG001S69V32 3,585,882 32,700 SH   SOLE   32,700 0 0
FEDEX CORP COM 31428X106 BBG001S5R3M5 6,086,288 26,637 SH   SOLE   15,337 0 11,300
FIRST BANCORP N C COM 318910106 BBG001S5R1Z5 712,851 20,069 SH   SOLE   20,069 0 0
FIRST CTZNS BANCSHARES INC N CL A 31946M103 BBG001S5R2V7 9,067,345 9,318 SH   SOLE   7,618 0 1,700
FIRST HORIZON CORPORATION COM 320517105 BBG001SCW8R8 16,140,026 907,763 SH   SOLE   709,578 0 198,185
FIRST UTD CORP COM 33741H107 BBG001S73MD5 1,921,568 113,972 SH   SOLE   113,972 0 0
GOLAR LNG LTD SHS G9456A100 BBG001SHSF05 19,932,977 922,823 SH   SOLE   846,760 0 76,063
GOODYEAR TIRE & RUBR CO COM 382550101 BBG001S5RQ62 4,690,234 425,611 SH   SOLE   356,411 0 69,200
GRANITE REAL ESTATE INVT TR UNIT 99/99/9999 387437114 BBG001SLX655 2,793,591 45,087 SH   SOLE   45,087 0 0
GSK PLC SPONSORED ADR 37733W204 BBG001SD6SM6 2,693,513 75,703 SH   SOLE   30,044 0 45,659
GULFPORT ENERGY CORP COMMON SHARES 402635502 BBG0112Z8766 2,814,480 35,181 SH   SOLE   35,181 0 0
HALLIBURTON CO COM 406216101 BBG001S5RS59 1,360,520 43,000 SH   SOLE   43,000 0 0
HEWLETT PACKARD ENTERPRISE C COM 42824C109 BBG0078W3NP4 262,383 16,471 SH   SOLE   16,471 0 0
HOME DEPOT INC COM 437076102 BBG001S5RTW7 1,777,213 6,022 SH   SOLE   6,022 0 0
HOMETRUST BANCSHARES INC COM 437872104 BBG002CV5WZ9 1,214,524 49,391 SH   SOLE   49,391 0 0
INNOSPEC INC COM 45768S105 BBG001S8RTD2 8,343,170 81,262 SH   SOLE   77,991 0 3,271
JAKKS PAC INC COM NEW 47012E403 BBG001S8ZPR6 1,892,378 109,386 SH   SOLE   109,386 0 0
JPMORGAN CHASE & CO COM 46625H100 BBG001S8CRC3 2,524,365 19,372 SH   SOLE   19,372 0 0
KBR INC COM 48242W106 BBG001SP11V3 25,216,040 458,057 SH   SOLE   409,724 0 48,333
LAMB WESTON HLDGS INC COM 513272104 BBG003CVMLR1 435,430 4,166 SH   SOLE   4,166 0 0
LENNAR CORP CL B 526057302 BBG001SKR1T9 505,316 5,658 SH   SOLE   5,658 0 0
LILLY ELI & CO COM 532457108 BBG001S5STL8 7,705,315 22,437 SH   SOLE   22,437 0 0
LIONS GATE ENTMNT CORP CL B NON VTG 535919500 BBG00FFJY8Z5 6,431,759 619,630 SH   SOLE   619,630 0 0
MASTERCARD INCORPORATED CL A 57636Q104 BBG001SKNNS6 5,059,758 13,923 SH   SOLE   7,423 0 6,500
MERCER INTL INC COM 588056101 BBG001S6TK43 15,797,916 1,616,155 SH   SOLE   1,428,221 0 187,934
MERCK & CO INC COM 58933Y105 BBG001S5TC52 3,656,624 34,370 SH   SOLE   25,570 0 8,800
MICROSOFT CORP COM 594918104 BBG001S5TD05 18,176,161 63,046 SH   SOLE   43,346 0 19,700
MILLER INDS INC TENN COM NEW 600551204 BBG001S7BMD6 6,116,116 173,016 SH   SOLE   173,016 0 0
NATIONAL FUEL GAS CO COM 636180101 BBG001S5TLR8 5,132,162 88,884 SH   SOLE   62,984 0 25,900
NEW FORTRESS ENERGY INC COM CL A 644393100 BBG00MJH9M32 12,182,784 413,958 SH   SOLE   369,558 0 44,400
NORTHRIM BANCORP INC COM 666762109 BBG001S6NXD1 1,183,793 25,091 SH   SOLE   25,091 0 0
NORTHROP GRUMMAN CORP COM 666807102 BBG001S5TP26 6,927,647 15,004 SH   SOLE   12,404 0 2,600
PARAMOUNT GLOBAL CLASS B COM 92556H206 BBG001S6L063 1,187,517 53,228 SH   SOLE   37,228 0 16,000
PFIZER INC COM 717081103 BBG001S5V466 4,809,994 117,892 SH   SOLE   53,392 0 64,500
PHILIP MORRIS INTL INC COM 718172109 BBG001STP9N1 3,010,763 30,959 SH   SOLE   13,859 0 17,100
POTLATCHDELTIC CORPORATION COM 737630103 BBG001S5V215 227,700 4,600 SH   SOLE   4,600 0 0
PRUDENTIAL FINL INC COM 744320102 BBG001S97MM7 223,398 2,700 SH   SOLE   2,700 0 0
RANGER ENERGY SVCS INC COM CL A 75282U104 BBG00GSFND33 2,962,549 290,731 SH   SOLE   290,731 0 0
REGIONS FINANCIAL CORP NEW COM 7591EP100 BBG001SM4KY2 4,304,417 231,919 SH   SOLE   168,019 0 63,900
SCIENCE APPLICATIONS INTL CO COM 808625107 BBG003BW05L5 3,930,458 36,576 SH   SOLE   31,305 0 5,271
SELECT MED HLDGS CORP COM 81619Q105 BBG001SMLRT4 3,298,537 127,603 SH   SOLE   100,903 0 26,700
SHELL PLC SPON ADS 780259305 BBG0147BN6H1 23,423,901 407,089 SH   SOLE   345,989 0 61,100
SOUTHSTATE CORPORATION COM 840441109 BBG001S9J7Z3 961,868 13,498 SH   SOLE   13,498 0 0
SYSTEM1 INC CL A COM 87200P109 BBG00V76KZW5 1,308,972 304,412 SH   SOLE   304,412 0 0
TAYLOR MORRISON HOME CORP COM 87724P106 BBG003PGJJF2 680,722 17,792 SH   SOLE   17,792 0 0
TE CONNECTIVITY LTD SHS H84989104 BBG001STLRP3 479,616 3,657 SH   SOLE   3,657 0 0
TENET HEALTHCARE CORP COM NEW 88033G407 BBG001S70FY0 1,241,937 20,901 SH   SOLE   20,901 0 0
TETRA TECHNOLOGIES INC DEL COM 88162F105 BBG001S5WXH9 7,216,272 2,723,121 SH   SOLE   2,723,121 0 0
TILLYS INC CL A 886885102 BBG001VGVK71 337,459 43,769 SH   SOLE   43,769 0 0
TRUIST FINL CORP COM 89832Q109 BBG001S5YYC0 4,391,159 128,773 SH   SOLE   94,721 0 34,052
TYSON FOODS INC CL A 902494103 BBG001S871D5 1,390,876 23,447 SH   SOLE   19,947 0 3,500
UNITED RENTALS INC COM 911363109 BBG001SBGZ25 2,023,917 5,114 SH   SOLE   3,314 0 1,800
UPBOUND GROUP INC COM 76009N100 BBG001S6BR38 12,505,174 510,207 SH   SOLE   415,448 0 94,759
VERISIGN INC COM 92343E102 BBG001S7BCF6 2,033,840 9,624 SH   SOLE   6,124 0 3,500
VIRTUS INVT PARTNERS INC COM 92828Q109 BBG001T1QKH2 3,992,479 20,970 SH   SOLE   20,970 0 0
VISA INC COM CL A 92826C839 BBG001SRCFY3 608,742 2,700 SH   SOLE   100 0 2,600
VMWARE INC CL A COM 928563402 BBG001S6TFZ0 724,130 5,800 SH   SOLE   1,300 0 4,500
W & T OFFSHORE INC COM 92922P106 BBG001SLLWL3 8,028,777 1,580,468 SH   SOLE   1,580,468 0 0
WALMART INC COM 931142103 BBG001S5XH92 221,175 1,500 SH   SOLE   1,500 0 0
XPERI INC COMMON STOCK 98423J101 BBG019FGSTG6 4,191,164 383,455 SH   SOLE   383,455 0 0