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
Expires: July 31, 2015
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
AERCAP HOLDINGS NV SHS N00985106 991,440 17,000 SH SOLE 17,000 0 0
ALLY FINANCIAL INC COM 02005N100 293,400 12,000 SH SOLE 12,000 0 0
ALPHABET INC. CMN CLASS C COM 02079K107 8,163,160 92,000 SH SOLE 92,000 0 0
AMAZON.COM INC CMN COM 023135106 22,848,000 272,000 SH SOLE 272,000 0 0
AMERIPRISE FINANCIAL INC COM 03076C106 280,233 900 SH SOLE 900 0 0
ARC DOCUMENT SOLUTIONS INC CMN COM 00191G103 1,751,487 597,777 SH SOLE 597,777 0 0
AVEO PHARMACEUTICALS INC COM NEW 053588307 209,300 14,000 SH SOLE 14,000 0 0
BANCO BILBAO VIZCAYA-SP ADR SPONSORED ADR 05946K101 300,500 50,000 SH SOLE 50,000 0 0
BIOHAVEN LTD COM G1110E107 182,522 13,150 SH SOLE 13,150 0 0
BRIGHTHOUSE FINANCIAL, INC. CMN COM 10922N103 14,433,274 283,215 SH SOLE 283,215 0 0
CANADIAN NATURAL RESOURCES CMN COM 136385101 13,585,359 244,649 SH SOLE 244,649 0 0
CAPITAL ONE FINANCIAL CORP CMN COM 14040H105 3,718,400 47,000 SH SOLE 47,000 0 0
CAPRI HOLDINGS LTD SHS G1890L107 200,620 3,500 SH SOLE 3,500 0 0
CENOVUS ENERGY INC. CMN COM 15135U109 9,428,136 485,736 SH SOLE 485,736 0 0
CNFINANCE HOLDINGS LIMITED SPONSORED ADR CMN COM 18979T105 103,036 60,255 SH SOLE 60,255 0 0
CONTAINER STORE GROUP INC/TH COM 210751103 191,580 60,000 SH SOLE 60,000 0 0
COREBRIDGE FINANCIAL, INC. CMN COM 21871X109 1,705,100 85,000 SH SOLE 85,000 0 0
DIAMOND HILL INVESTMENT GROUP CMN COM 25264R207 3,032,108 16,388 SH SOLE 16,388 0 0
DISCOVER FINANCIAL SERVICES COM 254709108 415,778 4,250 SH SOLE 4,250 0 0
FRONTIER COMMUNICATIONS PARE COM 35909D109 254,163 9,975 SH SOLE 9,975 0 0
GARRETT MOTION CONVERTIBLE SERIES A PREFERRED 1145 SHARES PFD CONV SER A 366505204 1,401,144 161,051 SH SOLE 161,051 0 0
GLORY STAR NEW MEDIA GROUP H SHS G39973105 116,800 80,000 SH SOLE 80,000 0 0
GREEN BRICK PARTNERS, INC. CMN COM 392709101 23,540,996 971,564 SH SOLE 971,564 0 0
IAC INC CMN COM 44891N208 2,215,560 49,900 SH SOLE 49,900 0 0
IMARA INC COM 45249V107 818,818 200,200 SH SOLE 200,200 0 0
ISOPLEXIS CORP COM 465005106 200,934 129,635 SH SOLE 129,635 0 0
JBG SMITH PROPERTIES CMN REIT COM 46590V100 7,766,977 409,219 SH SOLE 409,219 0 0
JPMORGAN CHASE & CO CMN COM 46625H100 670,500 5,000 SH SOLE 5,000 0 0
LAUREATE EDUCATION INC-A COMMON STOCK 518613203 336,700 35,000 SH SOLE 35,000 0 0
LEE ENTERPRISES, INCORPORATED CMN COM 523768406 1,392,000 75,000 SH SOLE 75,000 0 0
LOWES COMPANIES INC CMN COM 548661107 7,969,600 40,000 SH SOLE 40,000 0 0
LUFAX HOLDING LTD-ADR ADS REP SHS CL A 54975P102 203,700 105,000 SH SOLE 105,000 0 0
MICRON TECHNOLOGY, INC. CMN COM 595112103 499,800 10,000 SH SOLE 10,000 0 0
MICROSOFT CORPORATION CMN COM 594918104 42,927,780 179,000 SH SOLE 179,000 0 0
O2MICRO INTERNATIONAL-ADR SPONS ADR 67107W100 402,300 90,000 SH SOLE 90,000 0 0
ONEMAIN HOLDINGS INC COM 68268W103 233,170 7,000 SH SOLE 7,000 0 0
PETROLEO BRASILEIRO SA PETROBRAS SPONSORED ADR CMN COM 71654V408 2,130,000 267,000 SH SOLE 267,000 0 0
RESOLUTE FOREST PRODUCTS COM 76117W109 431,800 20,000 SH SOLE 20,000 0 0
RUBICON TECHNOLOGY INC COM NEW 78112T206 23,234 16,478 SH SOLE 16,478 0 0
SERITAGE GROWTH PROP- A REIT CL A 81752R100 591,500 50,000 SH SOLE 50,000 0 0
SHELL PLC SPONSORED ADR CMN COM 780259305 16,230,750 285,000 SH SOLE 285,000 0 0
SIO GENE THERAPIES INC COM 829399104 186,876 429,600 SH SOLE 429,600 0 0
SLM CORP COM 78442P106 481,400 29,000 SH SOLE 29,000 0 0
SONOS INC CMN COM 83570H108 675,932 39,996 SH SOLE 39,996 0 0
ST. JOE COMPANY CMN COM 790148100 4,290,150 111,000 SH SOLE 111,000 0 0
STATE STREET CORPORATION (NEW) CMN COM 857477103 2,256,201 29,086 SH SOLE 29,086 0 0
STEEL CONNECT INC COM 858098106 93,787 65,585 SH SOLE 65,585 0 0
SYNCHRONY FINANCIAL COM 87165B103 410,750 12,500 SH SOLE 12,500 0 0
THE HOME DEPOT, INC. CMN COM 437076102 5,811,824 18,400 SH SOLE 18,400 0 0
TURKCELL ILETISIM HIZMET-ADR SPON ADR NEW 900111204 110,170 23,000 SH SOLE 23,000 0 0
VALARIS LIMITED CMN COM G9460G101 13,903,416 205,611 SH SOLE 205,611 0 0
VANGUARD S&P 500 ETF ETF 922908363 178,874,572 509,121 SH SOLE 509,121 0 0
VIAD CORP CMN COM 92552R406 4,908,244 201,240 SH SOLE 201,240 0 0
VIEMED HEALTHCARE INC COM 92663R105 330,526 43,578 SH SOLE 43,578 0 0
VMWARE INC-CLASS A CL A COM 928563402 244,661 1,993 SH SOLE 1,993 0 0
XPEL INC COM 98379L100 444,024 7,393 SH SOLE 7,393 0 0
XPO INC CMN COM 983793100 199,740 6,000 SH SOLE 6,000 0 0