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
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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 (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
Alamo Group Inc COM 011311107 6,952,170 42,265 SH SOLE 42,265 0 0
American Homes 4 Rent COM 02665T306 8,784,184 262,058 SH SOLE 262,058 0 0
Atlanta Braves Holdings Inc COM 047726104 6,299,963 111,880 SH SOLE 111,880 0 0
Atlanta Braves Holdings Inc COM 047726302 1,350,801 26,027 SH SOLE 26,027 0 0
BlueLinx Holdings Inc COM 09624H208 3,983,154 64,369 SH SOLE 64,369 0 0
Boise Cascade Co COM 09739D100 46,739,936 602,086 SH SOLE 602,086 0 0
Brookdale Senior Living Inc COM 112463104 7,961,750 494,826 SH SOLE 494,826 0 0
Brookfield Corp COM 11271J107 16,820,026 394,929 SH SOLE 394,929 0 0
Catalyst Pharmaceuticals Inc COM 14888U101 6,605,360 210,161 SH SOLE 210,161 0 0
CBRE Group Inc COM 12504L109 18,303,832 135,896 SH SOLE 135,896 0 0
Central Securities Corp COM 155123102 5,340,039 101,812 SH SOLE 101,812 0 0
Champion Homes Inc COM 830830105 8,862,757 100,576 SH SOLE 100,576 0 0
Collegium Pharmaceutical Inc COM 19459J104 6,611,749 182,645 SH SOLE 182,645 0 0
Compass Inc COM 20464U100 2,311,493 187,469 SH SOLE 187,469 0 0
CRA International Inc COM 12618T105 2,962,544 20,819 SH SOLE 20,819 0 0
DR Horton Inc COM 23331A109 11,272,110 69,205 SH SOLE 69,205 0 0
Encore Capital Group Inc COM 292554102 12,101,299 129,717 SH SOLE 129,717 0 0
Fidelity National Financial In COM 31620R303 9,107,492 193,119 SH SOLE 193,119 0 0
First Industrial Realty Trust COM 32054K103 4,751,402 77,498 SH SOLE 77,498 0 0
FirstService Corp COM 33767E202 8,803,857 61,951 SH SOLE 61,951 0 0
Five Point Holdings LLC COM 33833Q106 19,478,737 3,696,155 SH SOLE 3,696,155 0 0
Flagstar Bank NA COM 649445400 4,948,741 331,241 SH SOLE 331,241 0 0
FRP Holdings Inc COM 30292L107 2,677,928 107,160 SH SOLE 107,160 0 0
Harley-Davidson Inc COM 412822108 36,222,325 1,480,880 SH SOLE 1,480,880 0 0
Hongkong Land Holdings Ltd COM G4587L109 3,918,136 550,300 SH SOLE 550,300 0 0
ICF International Inc COM 44925C103 7,205,344 98,893 SH SOLE 98,893 0 0
Investors Title Co COM 461804106 5,991,950 21,894 SH SOLE 21,894 0 0
Jones Lang LaSalle Inc COM 48020Q107 9,934,827 32,053 SH SOLE 32,053 0 0
Kaiser Aluminum Corp COM 483007704 5,839,164 29,848 SH SOLE 29,848 0 0
Lennar Corp COM 526057302 13,276,161 149,658 SH SOLE 149,658 0 0
LSB Industries Inc COM 502160104 4,119,648 381,096 SH SOLE 381,096 0 0
Maximus Inc COM 577933104 3,982,810 74,085 SH SOLE 74,085 0 0
MYR Group Inc COM 55405W104 6,538,226 13,066 SH SOLE 13,066 0 0
OceanFirst Financial Corp COM 675234108 4,817,309 246,662 SH SOLE 246,662 0 0
Octave Specialty Group Inc COM 023139884 8,373,325 1,341,879 SH SOLE 1,341,879 0 0
PBF Energy Inc COM 69318G106 5,965,396 131,050 SH SOLE 131,050 0 0
Prologis Inc COM 74340W103 14,200,372 104,823 SH SOLE 104,823 0 0
Prosperity Bancshares Inc COM 743606105 7,461,329 102,168 SH SOLE 102,168 0 0
PulteGroup Inc COM 745867101 13,050,180 95,111 SH SOLE 95,111 0 0
Qualys Inc COM 74758T303 5,378,609 39,120 SH SOLE 39,120 0 0
Robert Half Inc COM 770323103 37,095,915 1,208,336 SH SOLE 1,208,336 0 0
Rogers Corp COM 775133101 10,083,148 61,584 SH SOLE 61,584 0 0
SandRidge Energy Inc COM 80007P869 4,830,045 352,558 SH SOLE 352,558 0 0
Southside Bancshares Inc COM 84470P109 4,112,972 116,879 SH SOLE 116,879 0 0
Sun Communities Inc COM 866674104 10,966,249 91,454 SH SOLE 91,454 0 0
Supernus Pharmaceuticals Inc COM 868459108 7,103,193 152,724 SH SOLE 152,724 0 0
Taylor Morrison Home Corp COM 87724P106 6,165,407 85,941 SH SOLE 85,941 0 0
Tidewater Inc COM 88642R109 62,240,482 934,121 SH SOLE 934,121 0 0
U-Haul Holding Co COM 023586506 16,379,414 283,872 SH SOLE 283,872 0 0
UMB Financial Corp COM 902788108 11,170,256 78,245 SH SOLE 78,245 0 0
UniFirst Corp/MA COM 904708104 5,501,297 20,802 SH SOLE 20,802 0 0
Valaris Ltd COM G9460G101 37,484,324 516,313 SH SOLE 516,313 0 0
Warrior Met Coal Inc COM 93627C101 23,162,902 285,398 SH SOLE 285,398 0 0
WESCO International Inc COM 95082P105 5,859,529 16,963 SH SOLE 16,963 0 0
Weyerhaeuser Co COM 962166104 3,880,602 162,097 SH SOLE 162,097 0 0