Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
GRPRF	GRUPO ROTOPLAS SAB DE CV SHS	5,722,557	$4.742M	0.8%	$0.83	$0.81	+1.9%	COM	P49842100
NKE	NIKE INC CL B	91,600	$3.243M	0.5%	$35.40	$40.15	-11.8%	COM	654106103
XOM	EXXON MOBIL CORP COM SHS	6,482	$1.055M	0.2%	$162.75	$162.75	—	COM	30233Q108
AMGN	AMGEN INC COM	1,392	$587K	0.1%	$421.51	$398.57	+5.8%	COM	031162100
META	FACEBOOK INC CL A	337	$244K	0.0%	$725.18	$624.16	+16.2%	COM	30303M102

Increased Positions (16)

ORN ORION MARINE GROUP INC COM 1.2%

Value $7.121M (-47.9%) Shares 832,902 (+2.5%) Share Price $8.55 Est. Cost/Share $5.34 Unrealized @ Report Date +60.2%

WSO WATSCO INC 2.2%

Value $13.59M (-22.7%) Shares 44,905 (+6.4%) Share Price $302.69 Est. Cost/Share $119.00 Unrealized @ Report Date +154.4%

GOOGL ALPHABET CLASS A 1.1%

Value $6.438M (+76.2%) Shares 18,711 (+83.0%) Share Price $344.08 Est. Cost/Share $224.53 Unrealized @ Report Date +53.2%

MSFT MICROSOFT CORP COM 0.7%

Value $4.227M (+42.1%) Shares 8,241 (+3.3%) Share Price $512.90 Est. Cost/Share $47.58 Unrealized @ Report Date +978.0%

GEOS GEOSPACE TECHNOLOGIES CORP COM 0.6%

Value $3.88M (-14.9%) Shares 793,498 (+17.9%) Share Price $4.89 Est. Cost/Share $9.42 Unrealized @ Report Date -48.1%

GOOG ALPHABET CLASS C 0.2%

Value $1.194M (+116.5%) Shares 3,503 (+124.6%) Share Price $340.74 Est. Cost/Share $299.58 Unrealized @ Report Date +13.7%

HLMMF HOLMEN AB-B 1.2%

Value $7.142M (+9.7%) Shares 220,966 (+6.5%) Share Price $32.32 * Est. Cost/Share $33.68 Unrealized @ Report Date +6.1%

INN SUMMIT HOTEL PPTYS INC COM 1.1%

Value $6.547M (-8.5%) Shares 1,096,724 (+7.5%) Share Price $5.97 Est. Cost/Share $7.84 Unrealized @ Report Date —

SWGNF SWATCH GROUP AG NAMEN AKT 1.4%

Value $8.329M (-5.6%) Shares 190,050 (+4.6%) Share Price $43.83 * Est. Cost/Share $46.80 Unrealized @ Report Date -10.5%

SNT SENSTAR TECHNOLOGIES CORP COM 0.2%

Value $1.283M (-13.0%) Shares 792,019 (+3.7%) Share Price $1.62 Est. Cost/Share $1.41 Unrealized @ Report Date +14.8%

— SUMMIT HOTEL PPTYS INC SER E 0.4%

Value $2.22M (+8.1%) Shares 127,313 (+8.3%) Share Price $17.44 Est. Cost/Share $18.76 Unrealized @ Report Date —

MRK MERCK & COMPANY 0.2%

Value $1.09M (+16.7%) Shares 7,499 (+3.2%) Share Price $145.31 Est. Cost/Share $34.65 Unrealized @ Report Date +319.4%

CIMEF CIMC ENRIC HOLDINGS LTD SHS 0.7%

Value $4.524M (+1.9%) Shares 5,000,000 (+3.1%) Share Price $0.90 Est. Cost/Share $0.69 Unrealized @ Report Date +30.2%

TWI TITAN INTL INC ILL COM 0.5%

Value $2.971M (+2.6%) Shares 438,228 (+16.6%) Share Price $6.78 Est. Cost/Share $8.49 Unrealized @ Report Date -20.1%

TKOMY TOKIO MARINE HOLDINGS INC 0.0%

Value $250K (+19.7%) Shares 70,635 (+1400.0%) Share Price $3.54 * Est. Cost/Share $47.10 Unrealized @ Report Date +12.6%

LND BRASILAGRO COMPANHIA BRASILESP 0.5%

Value $2.754M (-0.3%) Shares 793,582 (+2.6%) Share Price $3.47 Est. Cost/Share $5.19 Unrealized @ Report Date -33.1%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
ORN	ORION MARINE GROUP INC COM	832,902 (+2.5%)	$7.121M (-47.9%)	1.2%	$8.55	$5.34	+60.2%	COM	68628V308
WSO	WATSCO INC	44,905 (+6.4%)	$13.59M (-22.7%)	2.2%	$302.69	$119.00	+154.4%	COM	942622200
GOOGL	ALPHABET CLASS A	18,711 (+83.0%)	$6.438M (+76.2%)	1.1%	$344.08	$224.53	+53.2%	COM	02079K305
MSFT	MICROSOFT CORP COM	8,241 (+3.3%)	$4.227M (+42.1%)	0.7%	$512.90	$47.58	+978.0%	COM	594918104
GEOS	GEOSPACE TECHNOLOGIES CORP COM	793,498 (+17.9%)	$3.88M (-14.9%)	0.6%	$4.89	$9.42	-48.1%	COM	37364X109
GOOG	ALPHABET CLASS C	3,503 (+124.6%)	$1.194M (+116.5%)	0.2%	$340.74	$299.58	+13.7%	COM	02079K107
HLMMF	HOLMEN AB-B	220,966 (+6.5%)	$7.142M (+9.7%)	1.2%	$32.32 *	$33.68	+6.1%	COM	W4R00P201
INN	SUMMIT HOTEL PPTYS INC COM	1,096,724 (+7.5%)	$6.547M (-8.5%)	1.1%	$5.97	$7.84	—	COM	866082100
SWGNF	SWATCH GROUP AG NAMEN AKT	190,050 (+4.6%)	$8.329M (-5.6%)	1.4%	$43.83 *	$46.80	-10.5%	COM	H83949133
SNT	SENSTAR TECHNOLOGIES CORP COM	792,019 (+3.7%)	$1.283M (-13.0%)	0.2%	$1.62	$1.41	+14.8%	COM	81728N100
—	SUMMIT HOTEL PPTYS INC SER E	127,313 (+8.3%)	$2.22M (+8.1%)	0.4%	$17.44	$18.76	—	PREFERRED STOCKS	866082605
MRK	MERCK & COMPANY	7,499 (+3.2%)	$1.09M (+16.7%)	0.2%	$145.31	$34.65	+319.4%	COM	58933Y105
CIMEF	CIMC ENRIC HOLDINGS LTD SHS	5,000,000 (+3.1%)	$4.524M (+1.9%)	0.7%	$0.90	$0.69	+30.2%	COM	G2198S109
TWI	TITAN INTL INC ILL COM	438,228 (+16.6%)	$2.971M (+2.6%)	0.5%	$6.78	$8.49	-20.1%	COM	88830M102
TKOMY	TOKIO MARINE HOLDINGS INC	70,635 (+1400.0%)	$250K (+19.7%)	0.0%	$3.54 *	$47.10	+12.6%	COM	889094108
LND	BRASILAGRO COMPANHIA BRASILESP	793,582 (+2.6%)	$2.754M (-0.3%)	0.5%	$3.47	$5.19	-33.1%	COM	10554B104

Exited Positions (3)

— GRUPO ROTOPLAS SAB DE CV 0.7%

Value $4.413M Shares 5,722,560 Share Price $0.77 Est. Cost/Share $1.13 Unrealized @ Report Date —

ALOT ASTRONOVA INC NEW COM 0.3%

Value $1.546M Shares 54,296 Share Price $28.47 Est. Cost/Share $10.65 Unrealized @ Report Date +172.1%

XOM EXXON MOBIL CORPORATION 0.1%

Value $886K Shares 6,482 Share Price $136.72 * Est. Cost/Share $53.69 Unrealized @ Report Date +203.1%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
—	GRUPO ROTOPLAS SAB DE CV	5,722,560	$4.413M	0.7%	$0.77	$1.13	—	—	BTF8HD3MX
ALOT	ASTRONOVA INC NEW COM	54,296	$1.546M	0.3%	$28.47	$10.65	+172.1%	—	04638F108
XOM	EXXON MOBIL CORPORATION	6,482	$886K	0.1%	$136.72 *	$53.69	+203.1%	—	30231G102

Decreased Positions (12)

OESX ORION ENERGY SYS INC COM NEW 1.3%

Value $7.694M (+149.7%) Shares 252,268 (-4.3%) Share Price $30.50 Est. Cost/Share $7.67 Unrealized @ Report Date +297.6%

DWSN DAWSON GEOPHYSICAL CO NEW COM 0.3%

Value $1.554M (-62.8%) Shares 556,855 (-20.8%) Share Price $2.79 Est. Cost/Share $3.49 Unrealized @ Report Date -20.0%

MBC MASTERBRAND INC COMMON STOCK 0.8%

Value $4.839M (-34.2%) Shares 691,288 (-3.2%) Share Price $7.00 Est. Cost/Share $8.54 Unrealized @ Report Date -18.0%

CALY CALLAWAY GOLF COMPANY 0.8%

Value $4.679M (-28.6%) Shares 332,089 (-4.8%) Share Price $14.09 Est. Cost/Share $13.45 Unrealized @ Report Date +4.8%

AIT APPLIED INDL TECHNLGIES INC CO 7.5%

Value $45.71M (-2.9%) Shares 137,553 (-1.1%) Share Price $332.29 Est. Cost/Share $36.66 Unrealized @ Report Date +806.5%

AEG AEGON LTD AMER REG 1 CERT 1.1%

Value $6.8M (-16.5%) Shares 787,912 (-18.3%) Share Price $8.63 Est. Cost/Share $5.20 Unrealized @ Report Date +66.0%

CTO CTO REALTY GROWTH INC COM 1.8%

Value $10.74M (-10.6%) Shares 523,926 (-6.2%) Share Price $20.49 Est. Cost/Share $25.88 Unrealized @ Report Date —

SCL STEPAN CHEMICAL CO 1.3%

Value $8.235M (+6.3%) Shares 132,013 (-5.0%) Share Price $62.38 Est. Cost/Share $64.99 Unrealized @ Report Date -4.0%

TWIN TWIN DISC INC COM 0.9%

Value $5.379M (+6.7%) Shares 205,307 (-5.5%) Share Price $26.20 Est. Cost/Share $11.92 Unrealized @ Report Date +119.8%

BYFC BROADWAY FINL CORP DEL CL A NE 0.3%

Value $2.019M (+18.8%) Shares 170,703 (-3.0%) Share Price $11.83 Est. Cost/Share $6.79 Unrealized @ Report Date +74.2%

HNI HNI CORP COM 0.4%

Value $2.555M (+8.2%) Shares 56,375 (-3.6%) Share Price $45.32 Est. Cost/Share $31.20 Unrealized @ Report Date +45.3%

CULP CULP INC COM 0.1%

Value $557K (+16.6%) Shares 150,003 (-2.6%) Share Price $3.71 Est. Cost/Share $5.33 Unrealized @ Report Date -30.4%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
OESX	ORION ENERGY SYS INC COM NEW	252,268 (-4.3%)	$7.694M (+149.7%)	1.3%	$30.50	$7.67	+297.6%	COM	686275207
DWSN	DAWSON GEOPHYSICAL CO NEW COM	556,855 (-20.8%)	$1.554M (-62.8%)	0.3%	$2.79	$3.49	-20.0%	COM	239360100
MBC	MASTERBRAND INC COMMON STOCK	691,288 (-3.2%)	$4.839M (-34.2%)	0.8%	$7.00	$8.54	-18.0%	COM	57638P104
CALY	CALLAWAY GOLF COMPANY	332,089 (-4.8%)	$4.679M (-28.6%)	0.8%	$14.09	$13.45	+4.8%	COM	131193104
AIT	APPLIED INDL TECHNLGIES INC CO	137,553 (-1.1%)	$45.71M (-2.9%)	7.5%	$332.29	$36.66	+806.5%	COM	03820C105
AEG	AEGON LTD AMER REG 1 CERT	787,912 (-18.3%)	$6.8M (-16.5%)	1.1%	$8.63	$5.20	+66.0%	COM	0076CA104
CTO	CTO REALTY GROWTH INC COM	523,926 (-6.2%)	$10.74M (-10.6%)	1.8%	$20.49	$25.88	—	COM	22948Q101
SCL	STEPAN CHEMICAL CO	132,013 (-5.0%)	$8.235M (+6.3%)	1.3%	$62.38	$64.99	-4.0%	COM	858586100
TWIN	TWIN DISC INC COM	205,307 (-5.5%)	$5.379M (+6.7%)	0.9%	$26.20	$11.92	+119.8%	COM	901476101
BYFC	BROADWAY FINL CORP DEL CL A NE	170,703 (-3.0%)	$2.019M (+18.8%)	0.3%	$11.83	$6.79	+74.2%	COM	111444709
HNI	HNI CORP COM	56,375 (-3.6%)	$2.555M (+8.2%)	0.4%	$45.32	$31.20	+45.3%	COM	404251100
CULP	CULP INC COM	150,003 (-2.6%)	$557K (+16.6%)	0.1%	$3.71	$5.33	-30.4%	COM	230215105

Unchanged Positions (102)

GRC GORMAN RUPP CO 3.4%

Value $20.6M Shares 276,534 Share Price $74.48 Est. Cost/Share $26.17 Unrealized @ Report Date +184.6%

FSLR FIRST SOLAR INC COM 1.9%

Value $11.8M Shares 67,358 Share Price $175.16 Est. Cost/Share $57.63 Unrealized @ Report Date +203.9%

SIG SIGNET JEWELERS LIMITED SHS 4.0%

Value $24.66M Shares 240,995 Share Price $102.33 Est. Cost/Share $42.71 Unrealized @ Report Date +139.6%

UCTT ULTRA CLEAN HLDGS INC COM 0.6%

Value $3.854M Shares 47,550 Share Price $81.06 Est. Cost/Share $26.38 Unrealized @ Report Date +207.3%

BHF BRIGHTHOUSE FINL INC COM 1.5%

Value $9.358M Shares 187,542 Share Price $49.90 Est. Cost/Share $43.83 Unrealized @ Report Date +13.8%

— DANIELI & CO. 1.1%

Value $6.473M Shares 114,863 Share Price $56.35 Est. Cost/Share $24.52 Unrealized @ Report Date —

KIM KIMCO RLTY CORP COM 1.5%

Value $9.081M Shares 408,878 Share Price $22.21 Est. Cost/Share $13.55 Unrealized @ Report Date —

BWEN BROADWIND ENERGY INC COM NEW 1.2%

Value $7.399M Shares 1,770,138 Share Price $4.18 Est. Cost/Share $3.01 Unrealized @ Report Date +38.7%

NUE NUCOR CORP 4.1%

Value $24.99M Shares 106,910 Share Price $233.75 Est. Cost/Share $47.96 Unrealized @ Report Date +387.4%

APOG APOGEE ENTERPRISES INC COM 0.7%

Value $3.982M Shares 112,572 Share Price $35.37 Est. Cost/Share $37.96 Unrealized @ Report Date -6.8%

KEWL KEWEENAW LD ASSN LTD COM 0.5%

Value $2.762M Shares 32,499 Share Price $85.00 Est. Cost/Share $11.58 Unrealized @ Report Date +634.3%

FTEK FUEL TECH INC COM 0.4%

Value $2.497M Shares 1,541,307 Share Price $1.62 Est. Cost/Share $2.07 Unrealized @ Report Date -21.6%

DVN DEVON ENERGY CORP NEW COM 1.4%

Value $8.615M Shares 187,113 Share Price $46.04 Est. Cost/Share $38.63 Unrealized @ Report Date +19.2%

MFC MANULIFE FINL CORP COM 2.9%

Value $17.41M Shares 408,703 Share Price $42.59 Est. Cost/Share $14.85 Unrealized @ Report Date +186.8%

UNM UNUM GROUP 7.0%

Value $42.78M Shares 487,610 Share Price $87.73 Est. Cost/Share $28.31 Unrealized @ Report Date +209.8%

UPS UNITED PARCEL SVC INC CL B 0.8%

Value $5.092M Shares 54,490 Share Price $93.44 Est. Cost/Share $56.13 Unrealized @ Report Date +66.5%

ALG ALAMO GROUP INC COM 1.7%

Value $10.66M Shares 68,885 Share Price $154.77 Est. Cost/Share $75.46 Unrealized @ Report Date +105.1%

NTR NUTRIEN LTD COM 1.0%

Value $6.189M Shares 88,100 Share Price $70.25 Est. Cost/Share $52.95 Unrealized @ Report Date +32.7%

MUR MURPHY OIL CORP COM 0.8%

Value $5.113M Shares 138,102 Share Price $37.02 Est. Cost/Share $24.62 Unrealized @ Report Date +50.4%

WST WEST PHARMACEUTICAL SVCS INCCO 2.6%

Value $16.14M Shares 43,530 Share Price $370.76 Est. Cost/Share $56.50 Unrealized @ Report Date +556.2%

AAPL APPLE COMPUTER INC COM 0.6%

Value $3.842M Shares 11,536 Share Price $333.02 Est. Cost/Share $124.98 Unrealized @ Report Date +166.5%

KE KIMBALL ELECTRONICS INC COM 1.2%

Value $7.391M Shares 270,422 Share Price $27.33 Est. Cost/Share $20.20 Unrealized @ Report Date +35.3%

BBT BEACON FINANCIAL CORPORATION 0.9%

Value $5.216M Shares 186,349 Share Price $27.99 Est. Cost/Share $16.18 Unrealized @ Report Date +73.0%

LNT ALLIANT CORP COM 0.4%

Value $2.222M Shares 35,098 Share Price $63.30 Est. Cost/Share $31.62 Unrealized @ Report Date +100.2%

MSADF MS&AD INS GP HLDG (8725-JP) 0.5%

Value $2.759M Shares 88,511 Share Price $31.17 * Est. Cost/Share $12.56 Unrealized @ Report Date +157.7%

AKRBF AKER BP ASA SHS 0.5%

Value $3.262M Shares 92,136 Share Price $35.41 Est. Cost/Share $21.14 Unrealized @ Report Date +66.5%

TRMLF TOURMALINE OIL CORP COM 2.8%

Value $16.99M Shares 396,668 Share Price $42.84 Est. Cost/Share $12.36 Unrealized @ Report Date +246.2%

HP HELMERICH & PAYNE INC 0.6%

Value $3.522M Shares 94,825 Share Price $37.14 Est. Cost/Share $39.64 Unrealized @ Report Date -6.3%

RSHPF IRISH RESIDENTL PPTYS REIT POR 0.7%

Value $4.058M Shares 2,752,750 Share Price $1.47 Est. Cost/Share $1.08 Unrealized @ Report Date —

WSM WILLIAMS SONOMA INC COM 2.0%

Value $12.24M Shares 53,680 Share Price $227.94 Est. Cost/Share $87.21 Unrealized @ Report Date +161.4%

EG EVEREST RE GROUP 2.9%

Value $17.53M Shares 47,998 Share Price $365.17 Est. Cost/Share $107.08 Unrealized @ Report Date +241.0%

NVO NOVO-NORDISK A S ADR 0.2%

Value $1.099M Shares 29,000 Share Price $37.91 Est. Cost/Share $78.09 Unrealized @ Report Date -51.5%

AVA AVISTA CORP COM 0.3%

Value $1.698M Shares 48,400 Share Price $35.09 Est. Cost/Share $36.47 Unrealized @ Report Date -3.8%

GHM GRAHAM CORP COM 0.1%

Value $630K Shares 7,300 Share Price $86.31 Est. Cost/Share $10.66 Unrealized @ Report Date +710.0%

EXCOF EXCO TECHNOLOGIES LTD COM 0.5%

Value $3.034M Shares 517,850 Share Price $5.86 Est. Cost/Share $5.02 Unrealized @ Report Date +15.4%

AUB ATLANTIC UN BANKSHARES CORP CO 0.3%

Value $1.986M Shares 52,325 Share Price $37.95 Est. Cost/Share $27.78 Unrealized @ Report Date +36.6%

NWN NORTHWEST NAT HLDG CO COM 0.7%

Value $4.203M Shares 90,064 Share Price $46.67 Est. Cost/Share $41.82 Unrealized @ Report Date +11.6%

WPRT WESTPORT FUEL SYSTEMS INC COM 0.2%

Value $1.4M Shares 714,106 Share Price $1.96 Est. Cost/Share $5.74 Unrealized @ Report Date -65.8%

BF/B BROWN FORMAN CORP CL B 1.9%

Value $11.58M Shares 442,148 Share Price $26.20 Est. Cost/Share $53.09 Unrealized @ Report Date -50.6%

— PHOENIX COS INC NEW QUIBS 2032 0.8%

Value $4.767M Shares 262,432 Share Price $18.16 Est. Cost/Share $17.60 Unrealized @ Report Date —

PEP PEPSICO INC 0.4%

Value $2.221M Shares 17,524 Share Price $126.72 Est. Cost/Share $57.62 Unrealized @ Report Date +119.9%

REG REGENCY CTRS CORP COM 0.2%

Value $1.343M Shares 18,679 Share Price $71.88 Est. Cost/Share $57.15 Unrealized @ Report Date —

WMT WAL MART STORES INC 0.2%

Value $1.403M Shares 13,500 Share Price $103.92 Est. Cost/Share $53.23 Unrealized @ Report Date +95.2%

INGR INGREDION INC COM 2.6%

Value $15.61M Shares 162,947 Share Price $95.81 Est. Cost/Share $85.42 Unrealized @ Report Date +12.2%

VABK VIRGINIA NATL BANKSHARES CORCO 0.3%

Value $1.634M Shares 34,279 Share Price $47.66 Est. Cost/Share $33.74 Unrealized @ Report Date +41.3%

VWDRY VESTAS WIND SYS AS UNSP ADR 0.5%

Value $2.789M Shares 283,750 Share Price $9.83 Est. Cost/Share $2.03 Unrealized @ Report Date +383.1%

ALRS ALERUS FINL CORP COM 1.2%

Value $7.204M Shares 228,108 Share Price $31.58 Est. Cost/Share $20.92 Unrealized @ Report Date +51.0%

CSWC CAPITAL SOUTHWEST CORP COM 0.6%

Value $3.694M Shares 159,697 Share Price $23.13 Est. Cost/Share $7.67 Unrealized @ Report Date +201.6%

BGOUF BANG & OLUFSEN HLG ORD B 0.2%

Value $1.162M Shares 767,698 Share Price $1.51 * Est. Cost/Share $3.15 Unrealized @ Report Date -66.9%

CHRD CHORD ENERGY CORPORATION COM N 0.1%

Value $595K Shares 4,436 Share Price $134.07 Est. Cost/Share $128.65 Unrealized @ Report Date +4.2%

662 ASIA FINANCIAL HOLDINGS LTD SH 1.3%

Value $8.048M Shares 13,493,666 Share Price $0.60 Est. Cost/Share $0.45 Unrealized @ Report Date —

RYZ RYERSON HLDG CORP COM 0.3%

Value $1.804M Shares 76,567 Share Price $23.56 Est. Cost/Share $20.88 Unrealized @ Report Date —

WRB BERKLEY W R CORP COM 0.3%

Value $1.68M Shares 24,869 Share Price $67.54 Est. Cost/Share $28.00 Unrealized @ Report Date +141.2%

SUZ SUZANO PAPEL E CELULOSE S A SP 0.1%

Value $684K Shares 79,774 Share Price $8.57 Est. Cost/Share $11.95 Unrealized @ Report Date -28.3%

0NMK VESTAS WIND SYS AS SHS 0.2%

Value $1.116M Shares 37,500 Share Price $29.75 Est. Cost/Share $45.90 Unrealized @ Report Date —

BF/A BROWN FORMAN CORP CL A 0.5%

Value $2.961M Shares 110,355 Share Price $26.83 Est. Cost/Share $49.29 Unrealized @ Report Date -45.6%

COP CONOCOPHILLIPS COM 0.1%

Value $342K Shares 2,730 Share Price $125.15 Est. Cost/Share $79.66 Unrealized @ Report Date +57.1%

— CHUBU NIPPON BROADCAST CO LTSH 0.2%

Value $1.327M Shares 162,422 Share Price $8.17 Est. Cost/Share $5.73 Unrealized @ Report Date —

— WESTERN ASSET CLYM INFL OPP CO 0.1%

Value $771K Shares 97,961 Share Price $7.87 Est. Cost/Share $11.25 Unrealized @ Report Date —

— NORTH ATLANTIC SMALLER INV. TR 0.1%

Value $808K Shares 140,700 Share Price $5.74 Est. Cost/Share $5.88 Unrealized @ Report Date —

CSCO CISCO SYS INC COM 0.1%

Value $553K Shares 5,140 Share Price $107.63 Est. Cost/Share $20.16 Unrealized @ Report Date +433.8%

IIIN INSTEEL INDS INC COM 0.2%

Value $1.178M Shares 40,429 Share Price $29.13 Est. Cost/Share $29.33 Unrealized @ Report Date -0.7%

CSW CSW INDUSTRIALS INC COM 0.2%

Value $1.239M Shares 4,300 Share Price $288.08 Est. Cost/Share $34.83 Unrealized @ Report Date +727.1%

— ORYX INTERNATIONAL GROWTH FUND 0.1%

Value $365K Shares 20,000 Share Price $18.27 Est. Cost/Share $15.86 Unrealized @ Report Date —

DIS DISNEY WALT CO COM DISNEY 0.1%

Value $367K Shares 3,500 Share Price $104.90 Est. Cost/Share $92.55 Unrealized @ Report Date +13.3%

BMY BRISTOL MYERS SQUIBB CO 0.1%

Value $393K Shares 6,293 Share Price $62.40 Est. Cost/Share $28.67 Unrealized @ Report Date +117.7%

BRRE BLUE RIDGE REAL ESTATE CO COM 0.1%

Value $390K Shares 38,976 Share Price $10.00 Est. Cost/Share $6.37 Unrealized @ Report Date +57.0%

CIBEY COMMERCIAL INTL BK EGYPT S ASP 0.1%

Value $404K Shares 166,223 Share Price $2.43 * Est. Cost/Share $2.10 Unrealized @ Report Date +12.3%

FFXXF HELIOS FAIRFAX PARTNERS CORPCO 0.0%

Value $120K Shares 54,300 Share Price $2.21 Est. Cost/Share $2.89 Unrealized @ Report Date -23.4%

XBNYX BLACKROCK MUNIYIELD N Y QUALCO 0.0%

Value $148K Shares 16,852 Share Price $8.76 Est. Cost/Share $12.88 Unrealized @ Report Date —

AMZN AMAZON COM INC COM 0.1%

Value $514K Shares 2,063 Share Price $249.15 Est. Cost/Share $114.20 Unrealized @ Report Date +118.2%

TBLA TABOOLA.COM LTD ORD SHS 0.0%

Value $44,849 Shares 13,348 Share Price $3.36 Est. Cost/Share $3.37 Unrealized @ Report Date -0.4%

— WESTERN ASSET CLYM INFL SEC CO 0.1%

Value $313K Shares 41,110 Share Price $7.61 Est. Cost/Share $10.73 Unrealized @ Report Date —

ZBH ZIMMER HLDGS INC COM 0.1%

Value $666K Shares 7,500 Share Price $88.83 Est. Cost/Share $129.22 Unrealized @ Report Date -31.3%

— LUBYS CAFETERIAS INC COM ⚠ 0.0%

Value $0 Shares 106,401 Share Price $0.00 Est. Cost/Share $4.59 Unrealized @ Report Date —

GNLAF GENESIS LAND DEV CORP COM 0.4%

Value $2.492M Shares 1,051,073 Share Price $2.37 * Est. Cost/Share $2.15 Unrealized @ Report Date +15.7%

— BOULDER GROWTH & INCOME FD ICO 0.1%

Value $635K Shares 36,560 Share Price $17.37 Est. Cost/Share $7.93 Unrealized @ Report Date —

QRSIX FPA FDS TR QUEENS RD SMAL 0.0%

Value $210K Shares 4,218 Share Price $49.72 Est. Cost/Share $53.80 Unrealized @ Report Date —

FXAIX FIDELITY CONCORD STR TR 500 ID 0.1%

Value $845K Shares 3,169 Share Price $266.55 Est. Cost/Share $200.24 Unrealized @ Report Date —

— AEGON NV SHS 0.1%

Value $545K Shares 62,265 Share Price $8.76 Est. Cost/Share $4.92 Unrealized @ Report Date —

FFXDF FAIRFAX INDIA HLDGS CORP COM S 0.2%

Value $951K Shares 52,860 Share Price $17.99 Est. Cost/Share $11.02 Unrealized @ Report Date +62.3%

— CHINA MOBILE LTD 0.1%

Value $380K Shares 37,500 Share Price $10.13 Est. Cost/Share $8.17 Unrealized @ Report Date —

— RUFFER INV 0.2%

Value $1.08M Shares 273,800 Share Price $3.95 Est. Cost/Share $3.70 Unrealized @ Report Date —

MPB MID PENN BANCORP INC COM 0.2%

Value $967K Shares 27,324 Share Price $35.40 Est. Cost/Share $22.27 Unrealized @ Report Date +59.0%

CUSUX SIX CIRCLES TRUST US UNCONSTRA 0.1%

Value $562K Shares 26,887 Share Price $20.91 Est. Cost/Share $17.41 Unrealized @ Report Date —

NSGRX NORTHERN FDS NRTN SMCAP COR 0.0%

Value $234K Shares 8,354 Share Price $28.03 Est. Cost/Share $24.82 Unrealized @ Report Date —

CBTAX SIX CIRCLES TRUST TAX AWARE BD 0.0%

Value $212K Shares 22,979 Share Price $9.24 Est. Cost/Share $9.76 Unrealized @ Report Date —

RYAM RAYONIER ADVANCED MATLS INC CO 0.1%

Value $804K Shares 100,915 Share Price $7.97 Est. Cost/Share $10.07 Unrealized @ Report Date -20.8%

COST COSTCO WHSL CORP NEW COM 0.1%

Value $364K Shares 400 Share Price $910.34 Est. Cost/Share $608.00 Unrealized @ Report Date +49.7%

VWIUX VANGUARD MUN BD FDS INTR TE AD 0.0%

Value $155K Shares 11,910 Share Price $12.99 Est. Cost/Share $13.57 Unrealized @ Report Date —

FXNC FIRST NATL CORP COM 0.1%

Value $308K Shares 10,478 Share Price $29.38 Est. Cost/Share $15.41 Unrealized @ Report Date +90.6%

— JZ CAPITAL PRTNRS LTD GUERNSSH 0.0%

Value $180K Shares 77,736 Share Price $2.31 Est. Cost/Share $2.10 Unrealized @ Report Date —

BRK/B BERKSHIRE HATHAWAY INC DEL CL 0.1%

Value $647K Shares 1,300 Share Price $497.95 Est. Cost/Share $349.25 Unrealized @ Report Date +42.6%

CIUEX SIX CIRCLES TRUST INTL UNCONST 0.0%

Value $261K Shares 17,403 Share Price $14.99 Est. Cost/Share $10.66 Unrealized @ Report Date —

— CHS INC RED PFD SER3 C 0.1%

Value $582K Shares 24,229 Share Price $24.02 Est. Cost/Share $24.07 Unrealized @ Report Date —

HAIN HAIN CELESTIAL GROUP INC COM 0.0%

Value $9,754 Shares 20,000 Share Price $0.49 Est. Cost/Share $5.21 Unrealized @ Report Date -90.6%

— SUMMIT HOTEL PPTYS INC SER F 0.1%

Value $532K Shares 32,389 Share Price $16.44 Est. Cost/Share $20.01 Unrealized @ Report Date —

— SPINNOVA OYJ 0.0%

Value $53,437 Shares 107,105 Share Price $0.50 Est. Cost/Share $3.99 Unrealized @ Report Date —

KIDBQ KID BRANDS, INC. COM ⚠ 0.0%

Value $0 Shares 23,000 Share Price $0.00 Est. Cost/Share $1.44 Unrealized @ Report Date -100.0%

THG HANOVER INS GROUP INC COM 0.1%

Value $380K Shares 1,775 Share Price $214.12 Est. Cost/Share $34.95 Unrealized @ Report Date +512.7%

— GASFRAC ENERGY SVCS INC COM ⚠ 0.0%

Value $0 Shares 31,000 Share Price $0.00 Est. Cost/Share $1.29 Unrealized @ Report Date —

TUEMQ TUESDAY MORNING CORP COM NEW ⚠ 0.0%

Value $0 Shares 16,188 Share Price $0.00 Est. Cost/Share $3.30 Unrealized @ Report Date -100.0%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
GRC	GORMAN RUPP CO	276,534	$20.6M	3.4%	$74.48	$26.17	+184.6%	COM	383082104
FSLR	FIRST SOLAR INC COM	67,358	$11.8M	1.9%	$175.16	$57.63	+203.9%	COM	336433107
SIG	SIGNET JEWELERS LIMITED SHS	240,995	$24.66M	4.0%	$102.33	$42.71	+139.6%	COM	G81276100
UCTT	ULTRA CLEAN HLDGS INC COM	47,550	$3.854M	0.6%	$81.06	$26.38	+207.3%	COM	90385V107
BHF	BRIGHTHOUSE FINL INC COM	187,542	$9.358M	1.5%	$49.90	$43.83	+13.8%	COM	10922N103
—	DANIELI & CO.	114,863	$6.473M	1.1%	$56.35	$24.52	—	COM	T73148115
KIM	KIMCO RLTY CORP COM	408,878	$9.081M	1.5%	$22.21	$13.55	—	COM	49446R109
BWEN	BROADWIND ENERGY INC COM NEW	1,770,138	$7.399M	1.2%	$4.18	$3.01	+38.7%	COM	11161T207
NUE	NUCOR CORP	106,910	$24.99M	4.1%	$233.75	$47.96	+387.4%	COM	670346105
APOG	APOGEE ENTERPRISES INC COM	112,572	$3.982M	0.7%	$35.37	$37.96	-6.8%	COM	037598109
KEWL	KEWEENAW LD ASSN LTD COM	32,499	$2.762M	0.5%	$85.00	$11.58	+634.3%	COM	493026108
FTEK	FUEL TECH INC COM	1,541,307	$2.497M	0.4%	$1.62	$2.07	-21.6%	COM	359523107
DVN	DEVON ENERGY CORP NEW COM	187,113	$8.615M	1.4%	$46.04	$38.63	+19.2%	COM	25179M103
MFC	MANULIFE FINL CORP COM	408,703	$17.41M	2.9%	$42.59	$14.85	+186.8%	COM	56501R106
UNM	UNUM GROUP	487,610	$42.78M	7.0%	$87.73	$28.31	+209.8%	COM	91529Y106
UPS	UNITED PARCEL SVC INC CL B	54,490	$5.092M	0.8%	$93.44	$56.13	+66.5%	COM	911312106
ALG	ALAMO GROUP INC COM	68,885	$10.66M	1.7%	$154.77	$75.46	+105.1%	COM	011311107
NTR	NUTRIEN LTD COM	88,100	$6.189M	1.0%	$70.25	$52.95	+32.7%	COM	67077M108
MUR	MURPHY OIL CORP COM	138,102	$5.113M	0.8%	$37.02	$24.62	+50.4%	COM	626717102
WST	WEST PHARMACEUTICAL SVCS INCCO	43,530	$16.14M	2.6%	$370.76	$56.50	+556.2%	COM	955306105
AAPL	APPLE COMPUTER INC COM	11,536	$3.842M	0.6%	$333.02	$124.98	+166.5%	COM	037833100
KE	KIMBALL ELECTRONICS INC COM	270,422	$7.391M	1.2%	$27.33	$20.20	+35.3%	COM	49428J109
BBT	BEACON FINANCIAL CORPORATION	186,349	$5.216M	0.9%	$27.99	$16.18	+73.0%	COM	084680107
LNT	ALLIANT CORP COM	35,098	$2.222M	0.4%	$63.30	$31.62	+100.2%	COM	018802108
MSADF	MS&AD INS GP HLDG (8725-JP)	88,511	$2.759M	0.5%	$31.17 *	$12.56	+157.7%	COM	J4687C105
AKRBF	AKER BP ASA SHS	92,136	$3.262M	0.5%	$35.41	$21.14	+66.5%	COM	R0139K100
TRMLF	TOURMALINE OIL CORP COM	396,668	$16.99M	2.8%	$42.84	$12.36	+246.2%	COM	89156V106
HP	HELMERICH & PAYNE INC	94,825	$3.522M	0.6%	$37.14	$39.64	-6.3%	COM	423452101
RSHPF	IRISH RESIDENTL PPTYS REIT POR	2,752,750	$4.058M	0.7%	$1.47	$1.08	—	COM	G49456109
WSM	WILLIAMS SONOMA INC COM	53,680	$12.24M	2.0%	$227.94	$87.21	+161.4%	COM	969904101
EG	EVEREST RE GROUP	47,998	$17.53M	2.9%	$365.17	$107.08	+241.0%	COM	G3223R108
NVO	NOVO-NORDISK A S ADR	29,000	$1.099M	0.2%	$37.91	$78.09	-51.5%	COM	670100205
AVA	AVISTA CORP COM	48,400	$1.698M	0.3%	$35.09	$36.47	-3.8%	COM	05379B107
GHM	GRAHAM CORP COM	7,300	$630K	0.1%	$86.31	$10.66	+710.0%	COM	384556106
EXCOF	EXCO TECHNOLOGIES LTD COM	517,850	$3.034M	0.5%	$5.86	$5.02	+15.4%	COM	30150P109
AUB	ATLANTIC UN BANKSHARES CORP CO	52,325	$1.986M	0.3%	$37.95	$27.78	+36.6%	COM	04911A107
NWN	NORTHWEST NAT HLDG CO COM	90,064	$4.203M	0.7%	$46.67	$41.82	+11.6%	COM	66765N105
WPRT	WESTPORT FUEL SYSTEMS INC COM	714,106	$1.4M	0.2%	$1.96	$5.74	-65.8%	COM	960908507
BF/B	BROWN FORMAN CORP CL B	442,148	$11.58M	1.9%	$26.20	$53.09	-50.6%	COM	115637209
—	PHOENIX COS INC NEW QUIBS 2032	262,432	$4.767M	0.8%	$18.16	$17.60	—	PREFERRED STOCKS	71902E208
PEP	PEPSICO INC	17,524	$2.221M	0.4%	$126.72	$57.62	+119.9%	COM	713448108
REG	REGENCY CTRS CORP COM	18,679	$1.343M	0.2%	$71.88	$57.15	—	COM	758849103
WMT	WAL MART STORES INC	13,500	$1.403M	0.2%	$103.92	$53.23	+95.2%	COM	931142103
INGR	INGREDION INC COM	162,947	$15.61M	2.6%	$95.81	$85.42	+12.2%	COM	457187102
VABK	VIRGINIA NATL BANKSHARES CORCO	34,279	$1.634M	0.3%	$47.66	$33.74	+41.3%	COM	928031103
VWDRY	VESTAS WIND SYS AS UNSP ADR	283,750	$2.789M	0.5%	$9.83	$2.03	+383.1%	COM	925458101
ALRS	ALERUS FINL CORP COM	228,108	$7.204M	1.2%	$31.58	$20.92	+51.0%	COM	01446U103
CSWC	CAPITAL SOUTHWEST CORP COM	159,697	$3.694M	0.6%	$23.13	$7.67	+201.6%	COM	140501107
BGOUF	BANG & OLUFSEN HLG ORD B	767,698	$1.162M	0.2%	$1.51 *	$3.15	-66.9%	COM	K07774126
CHRD	CHORD ENERGY CORPORATION COM N	4,436	$595K	0.1%	$134.07	$128.65	+4.2%	COM	674215207
662	ASIA FINANCIAL HOLDINGS LTD SH	13,493,666	$8.048M	1.3%	$0.60	$0.45	—	COM	G0532X107
RYZ	RYERSON HLDG CORP COM	76,567	$1.804M	0.3%	$23.56	$20.88	—	COM	783754104
WRB	BERKLEY W R CORP COM	24,869	$1.68M	0.3%	$67.54	$28.00	+141.2%	COM	084423102
SUZ	SUZANO PAPEL E CELULOSE S A SP	79,774	$684K	0.1%	$8.57	$11.95	-28.3%	COM	86959K105
0NMK	VESTAS WIND SYS AS SHS	37,500	$1.116M	0.2%	$29.75	$45.90	—	COM	K9773J128
BF/A	BROWN FORMAN CORP CL A	110,355	$2.961M	0.5%	$26.83	$49.29	-45.6%	COM	115637100
COP	CONOCOPHILLIPS COM	2,730	$342K	0.1%	$125.15	$79.66	+57.1%	COM	20825C104
—	CHUBU NIPPON BROADCAST CO LTSH	162,422	$1.327M	0.2%	$8.17	$5.73	—	COM	J06594105
—	WESTERN ASSET CLYM INFL OPP CO	97,961	$771K	0.1%	$7.87	$11.25	—	MUTUAL FUNDS	95766R104
—	NORTH ATLANTIC SMALLER INV. TR	140,700	$808K	0.1%	$5.74	$5.88	—	COM	0643900GB
CSCO	CISCO SYS INC COM	5,140	$553K	0.1%	$107.63	$20.16	+433.8%	COM	17275R102
IIIN	INSTEEL INDS INC COM	40,429	$1.178M	0.2%	$29.13	$29.33	-0.7%	COM	45774W108
CSW	CSW INDUSTRIALS INC COM	4,300	$1.239M	0.2%	$288.08	$34.83	+727.1%	COM	126402106
—	ORYX INTERNATIONAL GROWTH FUND	20,000	$365K	0.1%	$18.27	$15.86	—	COM	G6775Y108
DIS	DISNEY WALT CO COM DISNEY	3,500	$367K	0.1%	$104.90	$92.55	+13.3%	COM	254687106
BMY	BRISTOL MYERS SQUIBB CO	6,293	$393K	0.1%	$62.40	$28.67	+117.7%	COM	110122108
BRRE	BLUE RIDGE REAL ESTATE CO COM	38,976	$390K	0.1%	$10.00	$6.37	+57.0%	COM	096005301
CIBEY	COMMERCIAL INTL BK EGYPT S ASP	166,223	$404K	0.1%	$2.43 *	$2.10	+12.3%	COM	201712304
FFXXF	HELIOS FAIRFAX PARTNERS CORPCO	54,300	$120K	0.0%	$2.21	$2.89	-23.4%	COM	42328X104
XBNYX	BLACKROCK MUNIYIELD N Y QUALCO	16,852	$148K	0.0%	$8.76	$12.88	—	MUTUAL FUNDS	09248L106
AMZN	AMAZON COM INC COM	2,063	$514K	0.1%	$249.15	$114.20	+118.2%	COM	023135106
TBLA	TABOOLA.COM LTD ORD SHS	13,348	$44,849	0.0%	$3.36	$3.37	-0.4%	COM	M8744T106
—	WESTERN ASSET CLYM INFL SEC CO	41,110	$313K	0.1%	$7.61	$10.73	—	MUTUAL FUNDS	95766Q106
ZBH	ZIMMER HLDGS INC COM	7,500	$666K	0.1%	$88.83	$129.22	-31.3%	COM	98956P102
—	LUBYS CAFETERIAS INC COM ⚠	106,401	$0	0.0%	$0.00	$4.59	—	COM	549282101
GNLAF	GENESIS LAND DEV CORP COM	1,051,073	$2.492M	0.4%	$2.37 *	$2.15	+15.7%	COM	37183V102
—	BOULDER GROWTH & INCOME FD ICO	36,560	$635K	0.1%	$17.37	$7.93	—	COM	101507101
QRSIX	FPA FDS TR QUEENS RD SMAL	4,218	$210K	0.0%	$49.72	$53.80	—	MUTUAL FUNDS	30254T619
FXAIX	FIDELITY CONCORD STR TR 500 ID	3,169	$845K	0.1%	$266.55	$200.24	—	MUTUAL FUNDS	315911750
—	AEGON NV SHS	62,265	$545K	0.1%	$8.76	$4.92	—	COM	N00927298
FFXDF	FAIRFAX INDIA HLDGS CORP COM S	52,860	$951K	0.2%	$17.99	$11.02	+62.3%	COM	303897102
—	CHINA MOBILE LTD	37,500	$380K	0.1%	$10.13	$8.17	—	COM	6073556HK
—	RUFFER INV	273,800	$1.08M	0.2%	$3.95	$3.70	—	COM	0GB00B018
MPB	MID PENN BANCORP INC COM	27,324	$967K	0.2%	$35.40	$22.27	+59.0%	COM	59540G107
CUSUX	SIX CIRCLES TRUST US UNCONSTRA	26,887	$562K	0.1%	$20.91	$17.41	—	MUTUAL FUNDS	83002G306
NSGRX	NORTHERN FDS NRTN SMCAP COR	8,354	$234K	0.0%	$28.03	$24.82	—	MUTUAL FUNDS	665162665
CBTAX	SIX CIRCLES TRUST TAX AWARE BD	22,979	$212K	0.0%	$9.24	$9.76	—	MUTUAL FUNDS	83002G801
RYAM	RAYONIER ADVANCED MATLS INC CO	100,915	$804K	0.1%	$7.97	$10.07	-20.8%	COM	75508B104
COST	COSTCO WHSL CORP NEW COM	400	$364K	0.1%	$910.34	$608.00	+49.7%	COM	22160K105
VWIUX	VANGUARD MUN BD FDS INTR TE AD	11,910	$155K	0.0%	$12.99	$13.57	—	MUTUAL FUNDS	922907878
FXNC	FIRST NATL CORP COM	10,478	$308K	0.1%	$29.38	$15.41	+90.6%	COM	32106V107
—	JZ CAPITAL PRTNRS LTD GUERNSSH	77,736	$180K	0.0%	$2.31	$2.10	—	COM	G5216J134
BRK/B	BERKSHIRE HATHAWAY INC DEL CL	1,300	$647K	0.1%	$497.95	$349.25	+42.6%	COM	084670702
CIUEX	SIX CIRCLES TRUST INTL UNCONST	17,403	$261K	0.0%	$14.99	$10.66	—	MUTUAL FUNDS	83002G405
—	CHS INC RED PFD SER3 C	24,229	$582K	0.1%	$24.02	$24.07	—	PREFERRED STOCKS	12542R704
HAIN	HAIN CELESTIAL GROUP INC COM	20,000	$9,754	0.0%	$0.49	$5.21	-90.6%	COM	405217100
—	SUMMIT HOTEL PPTYS INC SER F	32,389	$532K	0.1%	$16.44	$20.01	—	PREFERRED STOCKS	866082704
—	SPINNOVA OYJ	107,105	$53,437	0.0%	$0.50	$3.99	—	COM	00BKP8KY2
KIDBQ	KID BRANDS, INC. COM ⚠	23,000	$0	0.0%	$0.00	$1.44	-100.0%	COM	49375T100
THG	HANOVER INS GROUP INC COM	1,775	$380K	0.1%	$214.12	$34.95	+512.7%	COM	410867105
—	GASFRAC ENERGY SVCS INC COM ⚠	31,000	$0	0.0%	$0.00	$1.29	—	COM	367257201
TUEMQ	TUESDAY MORNING CORP COM NEW ⚠	16,188	$0	0.0%	$0.00	$3.30	-100.0%	COM	89904V200