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
THE AARONS COMPANY INC COM 00258W108 3,818 201,395 SH   SOLE   201,395 0 0
ACCO BRANDS CORP COM 00081T108 11,335 1,341,444 SH   SOLE   1,341,444 0 0
ALBERTSONS COS INC COMMON STOCK 013091103 7,647 435,000 SH   SOLE   435,000 0 0
AMERICAN EAGLE OUTFITTERS IN COM 02553E106 13,447 670,000 SH   SOLE   670,000 0 0
AMERICAN WOODMARK CORPORATIO COM 030506109 7,790 83,000 SH   SOLE   83,000 0 0
AMKOR TECHNOLOGY INC COM 031652100 4,901 325,000 SH   SOLE   325,000 0 0
ARC DOCUMENT SOLUTIONS INC COM 00191G103 3,835 2,591,331 SH   SOLE   2,591,331 0 0
ASGN INC COM 00191U102 9,606 115,000 SH   SOLE   115,000 0 0
ATKORE INTL GROUP INC COM 047649108 1,439 35,000 SH   SOLE   35,000 0 0
BAUSCH HEALTH COS INC COM 071734107 5,030 241,807 SH   SOLE   241,807 0 0
BUILDERS FIRSTSOURCE INC COM 12008R107 16,630 407,500 SH   SOLE   407,500 0 0
CABOT CORP COM 127055101 4,488 100,000 SH   SOLE   100,000 0 0
CI FINL CORP COM 125491100 9,885 626,400 SH   SOLE   626,400 0 0
CIVEO CORP CDA COM NEW 17878Y207 1,125 80,953 SH   SOLE   80,953 0 0
CLEARWATER PAPER CORP COM 18538R103 2,831 75,000 SH   SOLE   75,000 0 0
CNO FINL GROUP INC COM 12621E103 5,558 250,000 SH   SOLE   250,000 0 0
COMMERCIAL METALS CO COM 201723103 8,627 420,000 SH   SOLE   420,000 0 0
COMMERCIAL VEH GROUP INC COM 202608105 6,142 710,000 SH   SOLE   710,000 0 0
COMTECH TELECOMMUNICATIONS C COM NEW 205826209 6,724 325,000 SH   SOLE   325,000 0 0
CORECIVIC INC COM 21871N101 2,293 350,000 SH   SOLE   350,000 0 0
DXC TECHNOLOGY CO COM 23355L106 6,759 262,500 SH   SOLE   262,500 0 0
GMS INC COM 36251C103 7,620 250,000 SH   SOLE   250,000 0 0
GRAY TELEVISION INC COM 389375106 2,505 140,000 SH   SOLE   140,000 0 0
HALLADOR ENERGY COMPANY COM 40609P105 1,454 989,189 SH   SOLE   989,189 0 0
INGLES MKTS INC CL A 457030104 5,277 123,700 SH   SOLE   123,700 0 0
INTERFACE INC COM 458665304 6,668 635,000 SH   SOLE   635,000 0 0
ISHARES TR IBOXX HI YD ETF 464288513 489 5,600 SH   SOLE   5,600 0 0
KB HOME COM 48666K109 6,704 200,000 SH   SOLE   200,000 0 0
KRATON CORPORATION COM 50077C106 6,253 225,000 SH   SOLE   225,000 0 0
LKQ CORP COM 501889208 5,286 150,000 SH   SOLE   150,000 0 0
MANITOWOC CO INC COM NEW 563571405 5,457 410,000 SH   SOLE   410,000 0 0
MARCUS CORP DEL COM 566330106 8,762 650,000 SH   SOLE   650,000 0 0
MASTERCRAFT BOAT HLDGS INC COM 57637H103 8,694 350,000 SH   SOLE   350,000 0 0
MERITAGE HOMES CORP COM 59001A102 6,874 83,000 SH   SOLE   83,000 0 0
PRIMORIS SVCS CORP COM 74164F103 14,219 515,000 SH   SOLE   515,000 0 0
PROG HOLDINGS INC COM NPV 74319R101 11,878 220,500 SH   SOLE   220,500 0 0
PVH CORPORATION COM 693656100 6,572 70,000 SH   SOLE   70,000 0 0
RYERSON HLDG CORP COM 783754104 5,724 419,667 SH   SOLE   419,667 0 0
WESTROCK CO COM 96145D105 15,105 347,000 SH   SOLE   347,000 0 0