Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
BF/B	BROWN FORMAN CORP CL B	367,798	$25.8M	5.4%	$57.53	+8.7%	COM	115637209
TRMLF	TOURMALINE OIL CORP COM	425,297	$22.11M	4.6%	$12.36	+234.5%	COM	89156V106
UNM	UNUM GROUP	603,252	$20.52M	4.3%	$28.31	+19.5%	COM	91529Y106
—	USA TRUCK INC COM	595,044	$18.7M	3.9%	$11.09	—	COM	902925106
AIT	APPLIED INDL TECHNLGIES INC CO	168,315	$16.19M	3.4%	$36.66	+166.5%	COM	03820C105
EG	EVEREST RE GROUP	52,382	$14.68M	3.1%	$103.46	+156.2%	COM	G3223R108
INGR	INGREDION INC COM	155,790	$13.73M	2.9%	$82.37	+8.7%	COM	457187102
WST	WEST PHARMACEUTICAL SVCS INCCO	43,590	$13.18M	2.7%	$33.09	+874.1%	COM	955306105
NUE	NUCOR CORP	111,111	$11.6M	2.4%	$32.41	+294.5%	COM	670346105
SIG	SIGNET JEWELERS LIMITED SHS	199,770	$10.68M	2.2%	$35.90	+73.5%	COM	G81276100
WSO	WATSCO INC	42,925	$10.25M	2.1%	$84.42	+211.7%	COM	942622200
UPS	UNITED PARCEL SVC INC CL B	53,690	$9.801M	2.0%	$55.38	+176.9%	COM	911312106
BHF	BRIGHTHOUSE FINL INC COM	219,925	$9.021M	1.9%	$43.85	+10.1%	COM	10922N103
CALY	CALLAWAY GOLF CO COM	426,544	$8.701M	1.8%	$11.64	+84.7%	COM	131193104
CTO	CTO REALTY GROWTH INC COM	414,138	$8.437M	1.8%	$30.45	—	COM	22948Q101
GRC	GORMAN RUPP CO	297,762	$8.427M	1.8%	$25.83	+20.4%	COM	383082104
ALG	ALAMO GROUP INC COM	69,052	$8.04M	1.7%	$72.35	+65.8%	COM	011311107
FSLR	FIRST SOLAR INC COM	117,766	$8.023M	1.7%	$43.97	+61.9%	COM	336433107
—	AEGON N V NY REGISTRY SH	1,820,913	$7.976M	1.7%	$4.50	—	COM	007924103
SCL	STEPAN CHEMICAL CO	76,397	$7.743M	1.6%	$57.22	+80.7%	COM	858586100
MFC	MANULIFE FINL CORP COM	435,030	$7.539M	1.6%	$14.81	+27.6%	COM	56501R106
—	TEXTAINER GROUP HOLDINGS LTDSH	272,691	$7.475M	1.6%	$14.48	—	COM	G8766E109
JNJ	JOHNSON & JOHNSON COM	40,800	$7.242M	1.5%	$60.87	+162.7%	COM	478160104
HLMMF	HOLMEN AB-B	168,992	$6.862M	1.4%	$32.61	0.0%	COM	W4R00P201
INN	SUMMIT HOTEL PPTYS INC COM	926,161	$6.733M	1.4%	$9.65	—	COM	866082100
BF/A	BROWN FORMAN CORP CL A	96,555	$6.531M	1.4%	$52.51	+12.6%	COM	115637100
KIM	KIMCO RLTY CORP COM	318,052	$6.288M	1.3%	$11.02	+75.4%	COM	49446R109
662	ASIA FINANCIAL HOLDINGS LTD SH	13,482,415	$5.927M	1.2%	$0.45	—	COM	G0532X107
—	ARGO GROUP INTL HLDGS LTD COM	144,106	$5.312M	1.1%	$44.78	—	COM	G0464B107
—	URSTADT BIDDLE PPTYS INC CL A	317,327	$5.141M	1.1%	$14.69	—	COM	917286205
AMWD	AMERICAN WOODMARK CORP COM	113,995	$5.131M	1.1%	$69.05	-30.0%	COM	030506109
MUR	MURPHY OIL CORP COM	155,304	$4.689M	1.0%	$22.24	+51.2%	COM	626717102
—	PHOENIX COS INC NEW QUIBS 2032	266,900	$4.684M	1.0%	$21.86	—	PREFERRED STOCKS	71902E208
—	HMN FINL INC COM	193,755	$4.472M	0.9%	$8.00	—	COM	40424G108
PEP	PEPSICO INC	26,649	$4.441M	0.9%	$56.07	+167.2%	COM	713448108
GD	GENERAL DYNAMICS CORP COM	20,000	$4.425M	0.9%	$96.13	+122.0%	COM	369550108
WSM	WILLIAMS SONOMA INC COM	39,415	$4.373M	0.9%	$25.65	+134.8%	COM	969904101
LNT	ALLIANT CORP COM	72,345	$4.241M	0.9%	$31.10	+72.0%	COM	018802108
—	GRUPO ROTOPLAS SAB DE CV	3,403,929	$4.228M	0.9%	$0.99	—	COM	BTF8HD3MX
—	SOUTH JERSEY INDS INC COM	123,700	$4.223M	0.9%	$21.50	—	COM	838518108
BA	BOEING CO	30,750	$4.204M	0.9%	$135.00	+9.3%	COM	097023105
BBT	BERKSHIRE HILLS BANCORP INC CO	165,432	$4.098M	0.9%	$15.30	+50.9%	COM	084680107
CTRA	COTERRA ENERGY INC. COM	151,240	$3.9M	0.8%	$16.87	+51.9%	COM	127097103
ORN	ORION MARINE GROUP INC COM	1,551,439	$3.537M	0.7%	$5.17	-50.2%	COM	68628V308
HP	HELMERICH & PAYNE INC	81,887	$3.526M	0.7%	$50.94	-8.8%	COM	423452101
—	TRITON INTL LTD CL A	66,598	$3.506M	0.7%	$37.80	—	COM	G9078F107
—	KIMBALL INTL INC CL B	431,430	$3.309M	0.7%	$9.87	—	COM	494274103
—	WESTPORT FUEL SYSTEMS INC.	3,047,756	$3.078M	0.6%	$1.68	—	COM	960908309
BWEN	BROADWIND ENERGY INC COM NEW	1,734,248	$2.844M	0.6%	$3.52	-49.1%	COM	11161T207
MSADF	MS&AD INS GP HLDG (8725-JP)	87,660	$2.687M	0.6%	$8.23	+20.6%	COM	J4687C105
DVN	DEVON ENERGY CORP NEW COM	46,586	$2.567M	0.5%	$18.02	+203.1%	COM	25179M103
KE	KIMBALL ELECTRONICS INC COM	120,250	$2.417M	0.5%	$18.52	+1.7%	COM	49428J109
VWDRY	VESTAS WIND SYS AS UNSP ADR	343,500	$2.41M	0.5%	$12.45	—	COM	925458101
CSWC	CAPITAL SOUTHWEST CORP COM	129,471	$2.385M	0.5%	$5.81	+143.3%	COM	140501107
MSFT	MICROSOFT CORP COM	9,150	$2.35M	0.5%	$33.74	+680.7%	COM	594918104
XOM	EXXON MOBIL CORPORATION	27,099	$2.321M	0.5%	$53.69	+48.2%	COM	30231G102
TKOMY	TOKIO MARINE HOLDINGS INC	37,670	$2.191M	0.5%	$31.66	—	COM	889094108
FTEK	FUEL TECH INC COM	1,713,933	$2.125M	0.4%	$2.20	-40.9%	COM	359523107
TWI	TITAN INTL INC ILL COM	139,322	$2.104M	0.4%	$4.88	+230.6%	COM	88830M102
MRK	MERCK & COMPANY	21,767	$1.984M	0.4%	$31.34	+152.7%	COM	58933Y105
—	WESTERN ASSET CLYM INFL OPP CO	187,772	$1.977M	0.4%	$11.36	—	MUTUAL FUNDS	95766R104
LND	BRASILAGRO COMPANHIA BRASILESP	416,813	$1.976M	0.4%	$5.10	—	COM	10554B104
GHM	GRAHAM CORP COM	284,842	$1.971M	0.4%	$10.55	-28.3%	COM	384556106
KRNY	KEARNY FINL CORP MD COM	175,490	$1.95M	0.4%	$13.91	-13.9%	COM	48716P108
TWIN	TWIN DISC INC COM	214,930	$1.947M	0.4%	$13.00	-9.0%	COM	901476101
—	ENERPLUS CORPORATION	147,084	$1.946M	0.4%	$7.65	—	COM	292766102
EXCOF	EXCO TECHNOLOGIES LTD COM	303,000	$1.881M	0.4%	$5.29	+5.8%	COM	30150P109
BGOUF	BANG & OLUFSEN HLG ORD B	922,986	$1.803M	0.4%	$3.15	-12.4%	COM	K07774126
—	SENSTAR TECHNOLOGIES LTD ORD	876,964	$1.728M	0.4%	$3.32	—	COM	M8T77E105
APOG	APOGEE ENTERPRISES INC COM	43,000	$1.686M	0.4%	$19.41	+103.0%	COM	037598109
GNLAF	GENESIS LAND DEV CORP COM	945,206	$1.638M	0.3%	$2.20	-11.3%	COM	37183V102
ALOT	ASTRONOVA INC NEW COM	136,049	$1.63M	0.3%	$10.54	+22.9%	COM	04638F108
FEIM	FREQUENCY ELECTRS INC COM	222,683	$1.626M	0.3%	$7.83	-22.1%	COM	358010106
SWGNF	SWATCH GROUP AG NAMEN AKT	36,500	$1.624M	0.3%	$54.80	-10.0%	COM	H83949133
AAPL	APPLE COMPUTER INC COM	11,219	$1.534M	0.3%	$92.51	+60.7%	COM	037833100
—	CHUBU NIPPON BROADCAST CO LTSH	374,470	$1.529M	0.3%	$5.73	—	COM	J06594105
—	BROADWAY FINL CORP DEL COM	1,386,134	$1.469M	0.3%	$2.23	—	COM	111444105
CSW	CSW INDUSTRIALS INC COM	13,853	$1.427M	0.3%	$34.83	+201.2%	COM	126402106
DWSN	DAWSON GEOPHYSICAL CO NEW COM	1,010,586	$1.354M	0.3%	$3.69	-58.3%	COM	239360100
SHEL	SHELL PLC SPON ADS	24,816	$1.298M	0.3%	$54.92	—	COM	780259305
—	TUESDAY MORNING CORP COM NEW	3,145,971	$1.133M	0.2%	$2.56	—	COM	89904V101
WRB	BERKLEY W R CORP COM	16,580	$1.132M	0.2%	$16.49	+151.9%	COM	084423102
GOOGL	ALPHABET CLASS A	10,200	$1.111M	0.2%	$116.80	+0.0%	COM	02079K305
—	SANDY SPRING BANCORP INC COM	28,245	$1.104M	0.2%	$38.76	—	COM	800363103
VABK	VIRGINIA NATL BANKSHARES CORCO	34,279	$1.079M	0.2%	$33.74	-2.8%	COM	928031103
—	BRUNSWICK BANCORP INC COM	70,152	$1.038M	0.2%	$6.91	—	COM	117030106
—	WESTROCK CO COM	23,335	$930K	0.2%	$51.44	—	COM	96145D105
SUZ	SUZANO PAPEL E CELULOSE S A SP	93,724	$889K	0.2%	$15.74	—	COM	86959K105
—	ORION ENERGY SYSTEMS INC COM	440,313	$885K	0.2%	$2.42	—	COM	686275108
ELME	WASHINGTON REAL ESTATE INVT SH	37,543	$800K	0.2%	$23.28	—	COM	939653101
0NMK	VESTAS WIND SYS AS SHS	37,500	$792K	0.2%	$45.90	—	COM	K9773J128
CULP	CULP INC COM	178,427	$767K	0.2%	$6.13	0.0%	COM	230215105
KEWL	KEWEENAW LD ASSN LTD COM	33,948	$730K	0.2%	$11.58	+96.4%	COM	493026108
—	URSTADT BIDDLE PPTYS INC COM	41,164	$713K	0.1%	$12.62	—	COM	917286106
CIMEF	CIMC ENRIC HOLDINGS LTD SHS	651,000	$699K	0.1%	$0.15	+76.9%	COM	G2198S109
RHHVF	ROCHE HLDG LTD DIV RIGHTS CERT	2,100	$693K	0.1%	$246.69	+42.6%	COM	H69293217
—	SUMMIT HOTEL PPTYS INC 5.875	35,360	$672K	0.1%	$20.76	—	PREFERRED STOCKS	866082704
RYAM	RAYONIER ADVANCED MATLS INC CO	256,373	$672K	0.1%	$10.07	-55.4%	COM	75508B104
—	CHS INC RED PFD SER3 C	24,579	$630K	0.1%	$24.07	—	PREFERRED STOCKS	12542R704
PFE	PFIZER INC COM	11,998	$629K	0.1%	$16.46	+155.2%	COM	717081103
BMY	BRISTOL MYERS SQUIBB CO	8,073	$622K	0.1%	$28.67	+126.6%	COM	110122108
—	BOULDER GROWTH & INCOME FD ICO	36,560	$437K	0.1%	$7.93	—	COM	101507101
THG	HANOVER INS GROUP INC COM	2,775	$406K	0.1%	$34.95	+284.2%	COM	410867105
PTEN	PATTERSON-UTI ENERGY INC COM	25,400	$400K	0.1%	$3.93	+327.1%	COM	703481101
OCFC	OCEANFIRST FINL CORP COM	20,404	$390K	0.1%	$12.81	+25.5%	COM	675234108
BRRE	BLUE RIDGE REAL ESTATE CO COM	38,376	$384K	0.1%	$6.34	+63.6%	COM	096005301
—	WESTERN ASSET CLYM INFL SEC CO	38,589	$377K	0.1%	$11.30	—	MUTUAL FUNDS	95766Q106
—	SPINNOVA OYJ	51,130	$364K	0.1%	$9.03	—	COM	00BKP8KY2
WMT	WAL MART STORES INC	2,950	$359K	0.1%	$20.00	+120.1%	COM	931142103
ES	EVERSOURCE ENERGY COM	4,200	$355K	0.1%	$38.94	+96.0%	COM	30040W108
—	JZ CAPITAL PRTNRS LTD GUERNSSH	141,112	$340K	0.1%	$2.10	—	COM	G5216J134
NWN	NORTHWEST NAT HLDG CO COM	6,029	$320K	0.1%	$47.34	+9.0%	COM	66765N105
CSCO	CISCO SYS INC COM	6,940	$296K	0.1%	$20.16	+112.4%	COM	17275R102
—	ARGO GROUP US INC SR NT 42	12,223	$273K	0.1%	$24.97	—	PREFERRED STOCKS	040130205
—	AEGON NV SHS	59,989	$250K	0.1%	$4.93	—	COM	N00927298
COP	CONOCOPHILLIPS COM	2,730	$245K	0.1%	$79.66	+12.9%	COM	20825C104
GOOG	ALPHABET CLASS C	2,160	$236K	0.0%	$116.34	+0.8%	COM	02079K107
DHR	DANAHER CORP SHS BEN INT	800	$203K	0.0%	$217.14	+4.2%	COM	235851102
FFXDF	FAIRFAX INDIA HLDGS CORP COM S	18,870	$202K	0.0%	$11.76	-1.2%	COM	303897102
—	LUBYS CAFETERIAS INC COM	106,401	$192K	0.0%	$4.59	—	COM	549282101
XBNYX	BLACKROCK N Y MUN INCOME TRUSH	15,629	$172K	0.0%	$15.10	—	COM	09248L106
—	SHORE CAPITAL GROUP	88,056	$165K	0.0%	$1.87	—	COM	BGCZJ74GB
CIBEY	COMMERCIAL INTL BK EGYPT S ASP	100,445	$162K	0.0%	$3.44	—	COM	201712304
EIISX	EATON VANCE MUTUAL FDS TR PRMT	10,614	$136K	0.0%	$12.81	—	MUTUAL FUNDS	277923389
RBKB	RHINEBECK BANCORP INC COM	12,462	$115K	0.0%	$9.73	0.0%	COM	762093102
BNMLX	BLACKROCK MUN BD FD INC NATL M	10,178	$103K	0.0%	$10.92	—	MUTUAL FUNDS	09253C744
HRGN	BIOSTAGE INC COM NEW	13,383	$58,000	0.0%	$1.92	+173.8%	COM	09074M202
FFXXF	HELIOS FAIRFAX PARTNERS CORPCO	19,300	$58,000	0.0%	$4.07	-17.0%	COM	42328X104
NWBO	NORTHWEST BIOTHERAPEUTICS INCO	25,305	$16,000	0.0%	$1.43	-40.9%	COM	66737P600
KIDBQ	KID BRANDS, INC. COM	23,000	$0	0.0%	$1.44	-100.0%	COM	49375T100
—	GASFRAC ENERGY SVCS INC COM	58,900	$0	0.0%	$1.29	—	COM	367257201