Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
BF/B	BROWN FORMAN CORP CL B	367,798	$26.8M	5.0%	$57.53	+13.6%	COM	115637209
WST	WEST PHARMACEUTICAL SVCS INCCO	43,590	$20.44M	3.8%	$33.09	+1187.3%	COM	955306105
AIT	APPLIED INDL TECHNLGIES INC CO	176,890	$18.17M	3.4%	$36.66	+162.4%	COM	03820C105
SIG	SIGNET JEWELERS LIMITED SHS	191,270	$16.65M	3.1%	$34.73	+151.5%	COM	G81276100
UNM	UNUM GROUP	662,452	$16.28M	3.0%	$28.31	-9.6%	COM	91529Y106
EG	EVEREST RE GROUP	55,182	$15.12M	2.8%	$103.46	+142.1%	COM	G3223R108
TRMLF	TOURMALINE OIL CORP COM	452,923	$14.62M	2.7%	$12.36	+103.1%	COM	89156V106
INGR	INGREDION INC COM	140,490	$13.58M	2.5%	$81.48	+18.1%	COM	457187102
WSO	WATSCO INC	42,925	$13.43M	2.5%	$84.42	+250.9%	COM	942622200
NUE	NUCOR CORP	111,911	$12.77M	2.4%	$32.41	+216.3%	COM	670346105
UPS	UNITED PARCEL SVC INC CL B	54,990	$11.79M	2.2%	$55.38	+204.4%	COM	911312106
GRC	GORMAN RUPP CO	256,704	$11.44M	2.1%	$24.93	+71.6%	COM	383082104
BHF	BRIGHTHOUSE FINL INC COM	220,125	$11.4M	2.1%	$43.85	+16.7%	COM	10922N103
—	USA TRUCK INC COM	526,694	$10.47M	1.9%	$8.41	—	COM	902925106
FSLR	FIRST SOLAR INC COM	117,766	$10.26M	1.9%	$43.97	+133.9%	COM	336433107
—	TEXTAINER GROUP HOLDINGS LTDSH	272,691	$9.738M	1.8%	$14.48	—	COM	G8766E109
CALY	CALLAWAY GOLF CO COM	354,044	$9.715M	1.8%	$9.35	+197.1%	COM	131193104
ALG	ALAMO GROUP INC COM	64,852	$9.545M	1.8%	$69.27	+108.9%	COM	011311107
—	AEGON N V NY REGISTRY SH	1,872,063	$9.248M	1.7%	$4.50	—	COM	007924103
KIM	KIMCO RLTY CORP COM	359,952	$8.873M	1.6%	$11.02	+73.8%	COM	49446R109
SCL	STEPAN CHEMICAL CO	68,897	$8.563M	1.6%	$51.68	+133.4%	COM	858586100
HLMMF	HOLMEN AB-B	169,592	$8.14M	1.5%	$32.61	0.0%	COM	W4R00P201
MFC	MANULIFE FINL CORP COM	423,380	$8.074M	1.5%	$14.68	+31.8%	COM	56501R106
CTO	CTO REALTY GROWTH INC COM	130,626	$8.023M	1.5%	$52.01	—	COM	22948Q101
INN	SUMMIT HOTEL PPTYS INC COM	783,399	$7.646M	1.4%	$10.11	—	COM	866082100
—	ARGO GROUP INTL HLDGS LTD COM	124,069	$7.21M	1.3%	$45.35	—	COM	G0464B107
JNJ	JOHNSON & JOHNSON COM	40,800	$6.98M	1.3%	$60.87	+138.3%	COM	478160104
BF/A	BROWN FORMAN CORP CL A	96,555	$6.545M	1.2%	$52.51	+16.3%	COM	115637100
662	ASIA FINANCIAL HOLDINGS LTD SH	13,284,415	$6.218M	1.2%	$0.45	—	COM	G0532X107
BA	BOEING CO	30,750	$6.191M	1.1%	$135.00	+56.5%	COM	097023105
—	PHOENIX COS INC NEW QUIBS 2032	322,965	$5.969M	1.1%	$21.86	—	PREFERRED STOCKS	71902E208
WSM	WILLIAMS SONOMA INC COM	34,915	$5.905M	1.1%	$21.20	+305.3%	COM	969904101
—	TUESDAY MORNING CORP COM NEW	2,499,313	$5.698M	1.1%	$3.04	—	COM	89904V101
AMWD	AMERICAN WOODMARK CORP COM	85,678	$5.586M	1.0%	$74.61	-9.3%	COM	030506109
MUR	MURPHY OIL CORP COM	213,554	$5.576M	1.0%	$22.24	+7.4%	COM	626717102
LNT	ALLIANT CORP COM	88,333	$5.43M	1.0%	$31.10	+60.9%	COM	018802108
ORN	ORION MARINE GROUP INC COM	1,412,815	$5.326M	1.0%	$5.38	-17.3%	COM	68628V308
—	WESTPORT FUEL SYSTEMS INC.	2,178,098	$5.162M	1.0%	$1.86	—	COM	960908309
PEP	PEPSICO INC	29,317	$5.093M	0.9%	$56.07	+155.8%	COM	713448108
—	STATE AUTO FINL CORP	96,638	$4.995M	0.9%	$16.91	—	COM	855707105
—	HMN FINL INC COM	193,755	$4.78M	0.9%	$8.00	—	COM	40424G108
BBT	BERKSHIRE HILLS BANCORP INC CO	165,432	$4.703M	0.9%	$15.30	+59.9%	COM	084680107
—	GRUPO ROTOPLAS SAB DE CV	3,403,929	$4.676M	0.9%	$0.99	—	COM	BTF8HD3MX
HP	HELMERICH & PAYNE INC	185,853	$4.405M	0.8%	$50.94	-44.1%	COM	423452101
CTRA	COTERRA ENERGY INC. COM	225,807	$4.291M	0.8%	$16.87	0.0%	COM	127097103
GD	GENERAL DYNAMICS CORP COM	20,000	$4.169M	0.8%	$96.13	+92.7%	COM	369550108
—	URSTADT BIDDLE PPTYS INC CL A	192,527	$4.1M	0.8%	$13.72	—	COM	917286205
KEWL	KEWEENAW LD ASSN LTD COM	37,228	$3.976M	0.7%	$11.58	+6.3%	COM	493026108
—	TRITON INTL LTD CL A	65,298	$3.933M	0.7%	$37.51	—	COM	G9078F107
BGOUF	BANG & OLUFSEN HLG ORD B	922,986	$3.918M	0.7%	$3.15	+48.0%	COM	K07774126
VWDRY	VESTAS WIND SYS AS UNSP ADR	343,500	$3.493M	0.6%	$12.45	—	COM	925458101
—	SOUTH JERSEY INDS INC COM	122,700	$3.205M	0.6%	$21.50	—	COM	838518108
BWEN	BROADWIND ENERGY INC COM NEW	1,669,457	$3.139M	0.6%	$3.57	-26.3%	COM	11161T207
MSFT	MICROSOFT CORP COM	9,150	$3.078M	0.6%	$33.74	+828.9%	COM	594918104
CSWC	CAPITAL SOUTHWEST CORP COM	120,600	$3.049M	0.6%	$5.20	+212.0%	COM	140501107
MSADF	MS&AD INS GP HLDG (8725-JP)	87,660	$2.701M	0.5%	$8.23	+28.0%	COM	J4687C105
—	KIMBALL INTL INC CL B	257,976	$2.639M	0.5%	$11.07	—	COM	494274103
—	WESTERN ASSET CLYM INFL OPP CO	189,372	$2.572M	0.5%	$11.36	—	MUTUAL FUNDS	95766R104
TWI	TITAN INTL INC ILL COM	232,622	$2.55M	0.5%	$4.88	+60.6%	COM	88830M102
—	BROADWAY FINL CORP DEL COM	1,081,663	$2.499M	0.5%	$2.55	—	COM	111444105
TWIN	TWIN DISC INC COM	227,730	$2.496M	0.5%	$13.00	-10.5%	COM	901476101
DVN	DEVON ENERGY CORP NEW COM	53,785	$2.369M	0.4%	$18.02	+86.5%	COM	25179M103
KRNY	KEARNY FINL CORP MD COM	175,490	$2.325M	0.4%	$13.91	-5.5%	COM	48716P108
RHHVF	ROCHE HLDG LTD DIV RIGHTS CERT	5,700	$2.315M	0.4%	$246.69	+59.9%	COM	H69293217
—	ENERPLUS CORPORATION	210,666	$2.229M	0.4%	$7.65	—	COM	292766102
FEIM	FREQUENCY ELECTRS INC COM	222,683	$2.222M	0.4%	$7.83	-0.4%	COM	358010106
FTEK	FUEL TECH INC COM	1,548,089	$2.167M	0.4%	$2.29	-23.2%	COM	359523107
EXCOF	EXCO TECHNOLOGIES LTD COM	264,400	$2.155M	0.4%	$5.22	+19.3%	COM	30150P109
DWSN	DAWSON GEOPHYSICAL CO NEW COM	919,499	$2.133M	0.4%	$3.90	-49.7%	COM	239360100
TKOMY	TOKIO MARINE HOLDINGS INC	37,670	$2.11M	0.4%	$31.66	—	COM	889094108
APOG	APOGEE ENTERPRISES INC COM	43,700	$2.104M	0.4%	$19.41	+105.4%	COM	037598109
MRK	MERCK & COMPANY	25,159	$1.928M	0.4%	$31.34	+123.0%	COM	58933Y105
AAPL	APPLE COMPUTER INC COM	10,719	$1.903M	0.4%	$89.14	+73.6%	COM	037833100
WRB	BERKLEY W R CORP COM	21,816	$1.797M	0.3%	$16.49	+94.0%	COM	084423102
—	CHUBU NIPPON BROADCAST CO LTSH	374,470	$1.756M	0.3%	$5.73	—	COM	J06594105
ALOT	ASTRONOVA INC NEW COM	126,668	$1.71M	0.3%	$10.36	+54.9%	COM	04638F108
—	SENSTAR TECHNOLOGIES LTD ORD	572,346	$1.706M	0.3%	$3.89	—	COM	M8T77E105
CSW	CSW INDUSTRIALS INC COM	13,853	$1.674M	0.3%	$34.83	+267.1%	COM	126402106
XOM	EXXON MOBIL CORPORATION	27,099	$1.658M	0.3%	$53.69	+0.4%	COM	30231G102
ELME	WASHINGTON REAL ESTATE INVT SH	63,941	$1.653M	0.3%	$23.28	—	COM	939653101
GNLAF	GENESIS LAND DEV CORP COM	828,806	$1.514M	0.3%	$2.24	-7.8%	COM	37183V102
ECL	ECOLAB INC COM	6,400	$1.501M	0.3%	$90.95	+137.0%	COM	278865100
GHM	GRAHAM CORP COM	120,139	$1.495M	0.3%	$12.46	+2.4%	COM	384556106
GOOGL	ALPHABET CLASS A	510	$1.477M	0.3%	$115.92	+23.3%	COM	02079K305
RYAM	RAYONIER ADVANCED MATLS INC CO	256,373	$1.464M	0.3%	$10.07	-35.4%	COM	75508B104
—	SANDY SPRING BANCORP INC COM	28,245	$1.358M	0.3%	$38.76	—	COM	800363103
—	WESTROCK CO COM	29,575	$1.312M	0.2%	$51.44	—	COM	96145D105
0NMK	VESTAS WIND SYS AS SHS	37,500	$1.141M	0.2%	$45.90	—	COM	K9773J128
VABK	VIRGINIA NATL BANKSHARES CORCO	29,279	$1.109M	0.2%	$33.89	+5.1%	COM	928031103
—	ROYAL DUTCH SHELL PLC SPONS AD	25,452	$1.105M	0.2%	$63.98	—	COM	780259206
LND	BRASILAGRO COMPANHIA BRASILESP	193,148	$1.043M	0.2%	$5.53	—	COM	10554B104
SUZ	SUZANO PAPEL E CELULOSE S A SP	93,724	$1.012M	0.2%	$15.74	—	COM	86959K105
—	BRUNSWICK BANCORP INC COM	70,152	$947K	0.2%	$6.91	—	COM	117030106
CIMEF	CIMC ENRIC HOLDINGS LTD SHS	501,000	$729K	0.1%	$0.12	+152.9%	COM	G2198S109
PFE	PFIZER INC COM	11,998	$708K	0.1%	$16.46	+144.4%	COM	717081103
—	CHS INC RED PFD SER3 C	24,579	$682K	0.1%	$24.07	—	PREFERRED STOCKS	12542R704
—	URSTADT BIDDLE PPTYS INC COM	31,910	$611K	0.1%	$11.25	—	COM	917286106
SWGNF	SWATCH GROUP AG NAMEN AKT	9,000	$526K	0.1%	$51.97	+7.3%	COM	H83949133
—	BOULDER GROWTH & INCOME FD ICO	36,560	$520K	0.1%	$7.93	—	COM	101507101
—	WESTERN ASSET CLYM INFL SEC CO	38,589	$511K	0.1%	$11.30	—	MUTUAL FUNDS	95766Q106
BMY	BRISTOL MYERS SQUIBB CO	8,073	$503K	0.1%	$28.67	+71.8%	COM	110122108
OCFC	OCEANFIRST FINL CORP COM	20,404	$453K	0.1%	$12.81	+40.4%	COM	675234108
CSCO	CISCO SYS INC COM	6,940	$440K	0.1%	$20.16	+150.3%	COM	17275R102
WMT	WAL MART STORES INC	2,950	$427K	0.1%	$20.00	+125.8%	COM	931142103
PTEN	PATTERSON-UTI ENERGY INC COM	48,700	$412K	0.1%	$3.93	+119.2%	COM	703481101
ES	EVERSOURCE ENERGY COM	4,200	$382K	0.1%	$38.94	+86.6%	COM	30040W108
BRRE	BLUE RIDGE REAL ESTATE CO COM	38,376	$374K	0.1%	$6.34	+55.7%	COM	096005301
THG	HANOVER INS GROUP INC COM	2,775	$364K	0.1%	$34.95	+235.7%	COM	410867105
—	AEGON NV SHS	72,086	$361K	0.1%	$4.93	—	COM	N00927298
TKOMF	TOKIO MARINE HOLDINGS INC SHS	6,000	$333K	0.1%	$12.47	+44.3%	COM	J86298106
CIBEY	COMMERCIAL INTL BK EGYPT S ASP	100,445	$322K	0.1%	$3.44	—	COM	201712304
—	ARGO GROUP US INC SR NT 42	12,223	$315K	0.1%	$24.97	—	PREFERRED STOCKS	040130205
GOOG	ALPHABET CLASS C	108	$313K	0.1%	$98.47	+45.7%	COM	02079K107
—	LUBYS CAFETERIAS INC COM	106,401	$304K	0.1%	$4.59	—	COM	549282101
MOG/A	MOOG INC CL A	3,375	$273K	0.1%	$54.69	+36.5%	COM	615394202
DHR	DANAHER CORP SHS BEN INT	800	$263K	0.0%	$217.14	+24.4%	COM	235851102
CI	CIGNA CORP NEW COM	1,112	$255K	0.0%	$179.43	+9.9%	COM	125523100
KE	KIMBALL ELECTRONICS INC COM	11,598	$252K	0.0%	$10.71	+133.9%	COM	49428J109
NWN	NORTHWEST NAT HLDG CO COM	5,064	$247K	0.0%	$46.53	0.0%	COM	66765N105
NSGRX	NORTHERN FDS NRTN SMCAP COR	8,354	$247K	0.0%	$28.61	—	MUTUAL FUNDS	665162665
XBNYX	BLACKROCK N Y MUN INCOME TRUSH	15,629	$231K	0.0%	$15.10	—	COM	09248L106
—	JZ CAPITAL PRTNRS LTD GUERNSSH	141,112	$224K	0.0%	$2.10	—	COM	G5216J134
—	NORTH ATLANTIC SMALLER INV. TR	3,500	$223K	0.0%	$53.80	—	COM	0643900GB
FXNC	FIRST NATL CORP COM	9,481	$218K	0.0%	$18.93	+6.1%	COM	32106V107
V	VISA INC COM CL A	960	$208K	0.0%	$197.22	+5.5%	COM	92826C839
—	SHORE CAPITAL GROUP	88,056	$165K	0.0%	$1.87	—	COM	BGCZJ74GB
FFXDF	FAIRFAX INDIA HLDGS CORP COM S	10,670	$135K	0.0%	$11.87	+7.6%	COM	303897102
BNMLX	BLACKROCK MUN BD FD INC NATL M	10,178	$116K	0.0%	$10.92	—	MUTUAL FUNDS	09253C744
FFXXF	HELIOS FAIRFAX PARTNERS CORPCO	19,300	$62,000	0.0%	$4.07	-8.6%	COM	42328X104
HRGN	BIOSTAGE INC COM NEW	18,433	$42,000	0.0%	$1.92	+46.6%	COM	09074M202
NWBO	NORTHWEST BIOTHERAPEUTICS INCO	25,305	$18,000	0.0%	$1.43	-32.7%	COM	66737P600
—	GASFRAC ENERGY SVCS INC COM	58,900	$0	0.0%	$1.29	—	COM	367257201
KIDBQ	KID BRANDS, INC. COM	23,000	$0	0.0%	$1.44	-99.9%	COM	49375T100