| Stock | Company | % Portfolio | Shares Held | Market Value | Change in Shares | % Change | Quarter End Price | Source |
|---|---|---|---|---|---|---|---|---|
| DB | Deutsche Bank AG | 7.29% | 2,186,504 | $37,674,994 | -302,426 | -12.15% | $17.23 | 13F |
| TDW | Tidewater Inc. | 6.23% | 588,179 | $32,179,273 | 106,705 | 22.16% | $54.71 | 13F |
| HCC | Warrior Met Coal Inc. | 6.17% | 587,445 | $31,863,017 | -207,969 | -26.15% | $54.24 | 13F |
| CBRE | CBRE Group, Inc. | 4.42% | 174,018 | $22,846,823 | -8,993 | -4.91% | $131.29 | 13F |
| BN | Brookfield Corp. | 4.35% | 391,478 | $22,490,411 | -63,316 | -13.92% | $57.45 | 13F |
| LENB | Lennar Corp - Class B | 4.14% | 161,781 | $21,379,359 | No Change | $132.15 | 13F | |
| VAL | Valaris Ltd. | 3.65% | 426,608 | $18,873,138 | -5,739 | -1.33% | $44.24 | 13F |
| CMA | Comerica Inc. | 3.62% | 302,881 | $18,733,190 | -173,002 | -36.35% | $61.85 | 13F |
| ORI | Old Republic International Corp. | 3.26% | 465,478 | $16,845,649 | -44,576 | -8.74% | $36.19 | 13F |
| UHALB | U-Haul Holding Company | 3.1% | 249,865 | $16,003,853 | -34,663 | -12.18% | $64.05 | 13F |
| FPH | Five Point Holdings LLC - CL A | 3.02% | 4,125,911 | $15,595,944 | 814,981 | 24.61% | $3.78 | 13F |
| PLD | Prologis Inc. | 2.64% | 128,943 | $13,629,275 | No Change | $105.7 | 13F | |
| SUI | Sun Communities Inc. | 2.57% | 108,137 | $13,297,607 | 342 | 0.32% | $122.97 | 13F |
| JLL | Jones Lang Lasalle | 2.55% | 51,990 | $13,160,749 | No Change | $253.14 | 13F | |
| AMH | American Homes 4 Rent | 2.33% | 321,221 | $12,020,090 | No Change | $37.42 | 13F | |
| UMBF | UMB Financial Corporation | 2.24% | 102,796 | $11,601,557 | -8,100 | -7.3% | $112.86 | 13F |
| DHI | DR Horton Inc. | 2.13% | 78,745 | $11,010,126 | No Change | $139.82 | 13F | |
| MYRG | MYR Group Inc. | 2.1% | 72,797 | $10,830,010 | No Change | $148.77 | 13F | |
| ITIC | Investors Title Co. | 1.79% | 39,139 | $9,266,550 | No Change | $236.76 | 13F | |
| PRA | Proassurance Corp. | 1.74% | 563,988 | $8,973,049 | No Change | $15.91 | 13F | |
| RYN | Rayonier Inc. | 1.59% | 315,800 | $8,242,380 | No Change | $26.1 | 13F | |
| ECPG | Encore Capital Group Inc. | 1.58% | 171,022 | $8,169,721 | No Change | $47.77 | 13F | |
| FR | First Industrial Realty Trust, Inc. | 1.52% | 157,130 | $7,876,927 | No Change | $50.13 | 13F | |
| FRPH | FRP Holdings Inc. | 1.5% | 252,952 | $7,747,920 | No Change | $30.63 | 13F | |
| PB | Prosperity Bancshares Inc. | 1.49% | 102,168 | $7,698,359 | No Change | $75.35 | 13F | |
| BAM | Brookfield Asset Mgmt. CL A | 1.39% | 132,103 | $7,158,662 | No Change | $54.19 | 13F | |
| SUPN | Supernus Pharmaceuticals, Inc. | 1.33% | 189,493 | $6,852,067 | No Change | $36.16 | 13F | |
| BATRA | Atlanta Braves Holdings Inc - A | 1.3% | 164,438 | $6,709,070 | No Change | $40.8 | 13F | |
| FNF | FNF Group | 1.29% | 118,656 | $6,661,348 | No Change | $56.14 | 13F | |
| SBSI | Southside Bancshares Inc. | 1.29% | 209,426 | $6,651,370 | No Change | $31.76 | 13F | |
| WY | Weyerhaeuser Company | 1.2% | 220,849 | $6,216,899 | -87,158 | -28.3% | $28.15 | 13F |
| LXU | LSB Industries Inc. | 1.16% | 789,447 | $5,991,903 | No Change | $7.59 | 13F | |
| ALG | Alamo Group, Inc. | 1.15% | 31,880 | $5,926,811 | No Change | $185.91 | 13F | |
| COLL | Collegium Pharmaceutical Inc. | 1.13% | 203,401 | $5,827,439 | 20,750 | 11.36% | $28.65 | 13F |
| SEB | Seaboard Corp. | 1.1% | 2,334 | $5,670,826 | No Change | $2429.66 | 13F | |
| TPH | Tri Pointe Group Inc. | 1.09% | 155,830 | $5,650,396 | No Change | $36.26 | 13F | |
| KALU | Kaiser Aluminum Corp. | 1.08% | 79,623 | $5,595,108 | No Change | $70.27 | 13F | |
| ICFI | ICF International, Inc. | 1.02% | 44,188 | $5,267,651 | No Change | $119.21 | 13F | |
| CET | Central Securities Corporation | 0.98% | 111,210 | $5,081,185 | No Change | $45.69 | 13F | |
| HBB | Hamilton Beach Brand | 0.97% | 297,490 | $5,006,757 | -19,144 | -6.05% | $16.83 | 13F |
| UNF | UniFirst Corporation | 0.77% | 23,356 | $3,995,978 | No Change | $171.09 | 13F | |
| SD | Sandridge Energy Inc. | 0.75% | 330,698 | $3,872,474 | 50,144 | 17.87% | $11.71 | 13F |
| PBF | PBF Energy Inc. | 0.67% | 131,050 | $3,479,378 | 45,092 | 52.46% | $26.55 | 13F |
| AMBC | Ambac Financial Group | 0.56% | 230,416 | $2,914,762 | 230,416 | New | $12.65 | 13F |
| WCC | Wesco International | 0.52% | 14,739 | $2,667,169 | No Change | $180.96 | 13F | |
| ROIC | Retail Opportunity Investments Corp. | 0.3% | 90,000 | $1,562,400 | No Change | $17.36 | 13F | |
| ELME | Elme Communities | 0.27% | 93,000 | $1,420,110 | No Change | $15.27 | 13F | |
| CTO | CTO Realty Growth, Inc. | 0.24% | 63,000 | $1,241,730 | No Change | $19.71 | 13F | |
| IVT | Inventrust Properties Corp. | 0.22% | 38,000 | $1,144,940 | -145,176 | -79.25% | $30.13 | 13F |
| WSR | Whitestone REIT | 0.22% | 80,000 | $1,133,600 | No Change | $14.17 | 13F | |
| OCFC | OceanFirst Financial Trust | 0.21% | 60,859 | $1,101,548 | 60,859 | New | $18.1 | 13F |
| BATRK | Atlanta Braves Holdings Inc - C | 0.19% | 26,104 | $998,739 | No Change | $38.26 | 13F | |
| PCH | Potlatchdeltic Corp. | 0.15% | 20,000 | $785,000 | No Change | $39.25 | 13F | |
| RMR | The RMR Group Inc. | 0.15% | 37,000 | $763,680 | No Change | $20.64 | 13F | |
| VTMX | Vesta Real Estate Corp. | 0.12% | 25,000 | $640,000 | 15,000 | 150% | $25.6 | 13F |
| STC | Stewart Information Services Corp. | 0.07% | 5,194 | $350,543 | No Change | $67.49 | 13F | |
| GRBK | Green Brick Partners | 0.05% | 5,000 | $282,450 | No Change | $56.49 | 13F | |
| UHAL | U-Haul Holding Company | 0.02% | 1,456 | $100,595 | No Change | $69.09 | 13F | |
| EQC | Equity Commonwealth | 0.02% | 55,000 | $97,350 | No Change | $1.77 | 13F | |
| LAZ | Lazard Ltd. | -362,515 | Exited | 13F | ||||
| TPHS | Trinity Place Holdings | -3,475,472 | Exited | 13F |