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   1,576,200 30,000 SH   SOLE   30,000 0 0
ADVANSIX INC COM 00773T101   950,500 25,000 SH   SOLE   25,000 0 0
ALGOMA STL GROUP INC COM 015658107   1,172,900 185,000 SH   SOLE   185,000 0 0
ARC DOCUMENT SOLUTIONS INC COM 00191G103   2,124,250 725,000 SH   SOLE   725,000 0 0
ARK RESTAURANTS CORP COM 040712101   646,536 39,042 SH   SOLE   39,042 0 0
BRASKEM S A SP ADR PFD A 105532105   1,144,563 124,409 SH   SOLE   124,409 0 0
CHIPMOS TECHNOLOGIES INC SPONSORD ADS NEW 16965P202   1,071,500 50,000 SH   SOLE   50,000 0 0
COLGATE PALMOLIVE CO COM 194162103   2,954,625 37,500 SH   SOLE   37,500 0 0
COMPANHIA SIDERURGICA NACION SPONSORED ADR 20440W105   1,035,000 375,000 SH   SOLE   375,000 0 0
CORECIVIC INC COM 21871N101   1,907,400 165,000 SH   SOLE   165,000 0 0
DASEKE INC COM 23753F107   1,707,000 300,000 SH   SOLE   300,000 0 0
DXC TECHNOLOGY CO COM 23355L106   2,252,500 85,000 SH   SOLE   85,000 0 0
EVEREST RE GROUP LTD COM G3223R108   2,484,525 7,500 SH   SOLE   7,500 0 0
GOPRO INC CL A 38268T103   996,000 200,000 SH   SOLE   200,000 0 0
HUNT J B TRANS SVCS INC COM 445658107   958,980 5,500 SH   SOLE   5,500 0 0
INGLES MKTS INC CL A 457030104   1,832,740 19,000 SH   SOLE   19,000 0 0
ISHARES TR BARCLAYS 7 10 YR 464287440   27,297,300 285,000 SH   SOLE   285,000 0 0
KROGER CO COM 501044101   3,566,400 80,000 SH   SOLE   80,000 0 0
MARCUS CORP DEL COM 566330106   2,571,838 178,724 SH   SOLE   178,724 0 0
OCCIDENTAL PETE CORP COM 674599105   944,850 15,000 SH   SOLE   15,000 0 0
OSCAR HEALTH INC CL A 687793109   1,102,464 448,156 SH   SOLE   448,156 0 0
PROGRESSIVE CORP COM 743315103   3,891,300 30,000 SH   SOLE   30,000 0 0
RYERSON HLDG CORP COM 783754104   2,572,100 85,000 SH   SOLE   85,000 0 0
SALEM MEDIA GROUP INC CL A 794093104   913,184 869,699 SH   SOLE   869,699 0 0
SECURITY NATL FINL CORP CL A NEW 814785309   584,000 80,000 SH   SOLE   80,000 0 0
SIBANYE STILLWATER LTD SPONSORED ADR 82575P107   1,066,000 100,000 SH   SOLE   100,000 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103   27,726,175 72,500 SH   SOLE   72,500 0 0
TRACTOR SUPPLY CO COM 892356106   1,237,335 5,500 SH   SOLE   5,500 0 0
UNIVERSAL CORP VA COM 913456109   924,175 17,500 SH   SOLE   17,500 0 0