| Stock | Company | % Portfolio | Shares Held | Market Value | Change in Shares | % Change | Quarter End Price | Source |
|---|---|---|---|---|---|---|---|---|
| TDW | Tidewater Inc. | 8.33% | 875,157 | $40,370,992 | 65,899 | 8.14% | $46.13 | 13F |
| DB | Deutsche Bank AG | 6.22% | 1,021,558 | $30,182,748 | -426,012 | -29.43% | $29.55 | 13F |
| HCC | Warrior Met Coal Inc. | 6.06% | 641,684 | $29,408,378 | 28,478 | 4.64% | $45.83 | 13F |
| VAL | Valaris Ltd. | 5.09% | 585,921 | $24,673,133 | 16,082 | 2.82% | $42.11 | 13F |
| BN | Brookfield Corp. | 4.82% | 378,249 | $23,394,701 | No Change | $61.85 | 13F | |
| CBRE | CBRE Group, Inc. | 4.76% | 164,710 | $23,079,165 | -399 | -0.24% | $140.12 | 13F |
| FPH | Five Point Holdings LLC - CL A | 4.68% | 4,125,911 | $22,692,511 | No Change | $5.5 | 13F | |
| LENB | Lennar Corp - Class B | 3.21% | 148,033 | $15,580,473 | 263 | 0.18% | $105.25 | 13F |
| PLD | Prologis Inc. | 3.15% | 145,522 | $15,297,273 | 16,360 | 12.67% | $105.12 | 13F |
| UHALB | U-Haul Holding Company | 2.91% | 259,510 | $14,109,559 | 9,645 | 3.86% | $54.37 | 13F |
| JLL | Jones Lang Lasalle | 2.73% | 51,690 | $13,221,268 | -300 | -0.58% | $255.78 | 13F |
| SUI | Sun Communities Inc. | 2.54% | 97,210 | $12,296,093 | 6,495 | 7.16% | $126.49 | 13F |
| UMBF | UMB Financial Corporation | 2.23% | 102,763 | $10,806,557 | -33 | -0.03% | $105.16 | 13F |
| CMA | Comerica Inc. | 2.11% | 171,210 | $10,212,677 | -131,694 | -43.48% | $59.65 | 13F |
| PHM | PulteGroup Inc. | 2.11% | 96,931 | $10,222,343 | 33,131 | 51.93% | $105.46 | 13F |
| DHI | DR Horton Inc. | 2.08% | 78,189 | $10,080,126 | -556 | -0.71% | $128.92 | 13F |
| MYRG | MYR Group Inc. | 2.04% | 54,595 | $9,906,263 | -18,202 | -25% | $181.45 | 13F |
| PRA | Proassurance Corp. | 1.81% | 384,640 | $8,781,331 | -179,348 | -31.8% | $22.83 | 13F |
| BATRA | Atlanta Braves Holdings Inc - A | 1.67% | 164,438 | $8,091,994 | No Change | $49.21 | 13F | |
| ITIC | Investors Title Co. | 1.56% | 35,752 | $7,554,398 | -3,167 | -8.14% | $211.3 | 13F |
| KALU | Kaiser Aluminum Corp. | 1.48% | 89,535 | $7,153,847 | 9,707 | 12.16% | $79.9 | 13F |
| PB | Prosperity Bancshares Inc. | 1.48% | 102,168 | $7,176,280 | No Change | $70.24 | 13F | |
| AMH | American Homes 4 Rent | 1.42% | 191,066 | $6,891,751 | -1,494 | -0.78% | $36.07 | 13F |
| ECPG | Encore Capital Group Inc. | 1.37% | 171,022 | $6,620,262 | No Change | $38.71 | 13F | |
| FNF | FNF Group | 1.37% | 118,656 | $6,651,855 | No Change | $56.06 | 13F | |
| FR | First Industrial Realty Trust, Inc. | 1.32% | 132,663 | $6,385,070 | -1,895 | -1.41% | $48.13 | 13F |
| LXU | LSB Industries Inc. | 1.27% | 789,447 | $6,157,687 | No Change | $7.8 | 13F | |
| SBSI | Southside Bancshares Inc. | 1.27% | 209,426 | $6,163,407 | No Change | $29.43 | 13F | |
| COLL | Collegium Pharmaceutical Inc. | 1.24% | 203,401 | $6,014,568 | No Change | $29.57 | 13F | |
| SUPN | Supernus Pharmaceuticals, Inc. | 1.23% | 189,493 | $5,972,819 | No Change | $31.52 | 13F | |
| RYN | Rayonier Inc. | 1.18% | 258,129 | $5,725,301 | -370 | -0.14% | $22.18 | 13F |
| FRPH | FRP Holdings Inc. | 1.17% | 211,440 | $5,685,622 | -41,512 | -16.41% | $26.89 | 13F |
| WY | Weyerhaeuser Company | 1.17% | 220,849 | $5,673,611 | No Change | $25.69 | 13F | |
| TPH | Tri Pointe Group Inc. | 1.03% | 155,830 | $4,978,769 | No Change | $31.95 | 13F | |
| CET | Central Securities Corporation | 1% | 101,812 | $4,872,722 | -9,398 | -8.45% | $47.86 | 13F |
| UNF | UniFirst Corporation | 0.91% | 23,356 | $4,396,066 | No Change | $188.22 | 13F | |
| AMBC | Ambac Financial Group | 0.88% | 603,391 | $4,284,076 | 236,930 | 64.65% | $7.1 | 13F |
| CTLP | Cantaloupe, Inc. | 0.84% | 370,013 | $4,066,443 | 370,013 | New | $10.99 | 13F |
| ICFI | ICF International, Inc. | 0.82% | 47,024 | $3,983,403 | No Change | $84.71 | 13F | |
| ORI | Old Republic International Corp. | 0.78% | 98,535 | $3,787,685 | -237,853 | -70.71% | $38.44 | 13F |
| SKY | Champion Homes, Inc. | 0.77% | 59,865 | $3,748,148 | 59,865 | New | $62.61 | 13F |
| WCC | Wesco International | 0.77% | 20,093 | $3,721,224 | 5,271 | 35.56% | $185.2 | 13F |
| SD | Sandridge Energy Inc. | 0.74% | 330,698 | $3,578,152 | No Change | $10.82 | 13F | |
| BXC | Bluelinx Holdings Inc. | 0.71% | 46,357 | $3,448,034 | 16,488 | 55.2% | $74.38 | 13F |
| ALG | Alamo Group, Inc. | 0.67% | 14,869 | $3,247,092 | -10,677 | -41.8% | $218.38 | 13F |
| SEB | Seaboard Corp. | 0.6% | 1,015 | $2,904,118 | -304 | -23.05% | $2861.2 | 13F |
| OCFC | OceanFirst Financial Trust | 0.59% | 162,238 | $2,857,011 | 45,595 | 39.09% | $17.61 | 13F |
| PBF | PBF Energy Inc. | 0.59% | 131,050 | $2,839,854 | No Change | $21.67 | 13F | |
| HBB | Hamilton Beach Brand | 0.48% | 131,461 | $2,351,837 | -118,508 | -47.41% | $17.89 | 13F |
| MRP | Millrose Properties, Inc. | 0.3% | 50,697 | $1,445,371 | -30,193 | -37.33% | $28.51 | 13F |
| BATRK | Atlanta Braves Holdings Inc - C | 0.25% | 26,104 | $1,220,884 | No Change | $46.77 | 13F | |
| VC | Visteon Corp. | 0.2% | 10,298 | $960,803 | 10,298 | New | $93.3 | 13F |
| UHAL | U-Haul Holding Company | -1,456 | Exited | 13F | ||||
| BAM | Brookfield Asset Mgmt. CL A | -132,103 | Exited | 13F | ||||
| CTO | CTO Realty Growth, Inc. | -63,000 | Exited | 13F | ||||
| EQC | Equity Commonwealth | -55,000 | Exited | 13F | ||||
| GRBK | Green Brick Partners | -5,000 | Exited | 13F | ||||
| IVT | Inventrust Properties Corp. | -38,000 | Exited | 13F | ||||
| PCH | Potlatchdeltic Corp. | -20,000 | Exited | 13F | ||||
| RMR | The RMR Group Inc. | -37,000 | Exited | 13F | ||||
| STC | Stewart Information Services Corp. | -5,194 | Exited | 13F | ||||
| VTMX | Vesta Real Estate Corp. | -25,000 | Exited | 13F | ||||
| ELME | Elme Communities | -93,000 | Exited | 13F | ||||
| WSR | Whitestone REIT | -80,000 | Exited | 13F |