The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
ARCOS DORADOS HOLDINGS INC-A Com G0457F107   29,670,665 2,894,699 SH   SOLE   2,810,229 0 84,470
BROOKFIELD ASSET MGMT-A Com 113004105   1,540,038 47,197 SH   SOLE   47,197 0 0
BROOKFIELD CORP Com 11271J107   6,321,489 187,860 SH   SOLE   187,860 0 0
BROOKFIELD REINSURANCE LTD Com G16250105   32,878 971 SH   SOLE   971 0 0
CAMECO CORP Com 13321L108   33,101,795 1,056,481 SH   SOLE   1,056,481 0 0
CAPITAL SOUTHWEST CORP Com 140501107   2,095,644 106,270 SH   SOLE   106,270 0 0
COPA HOLDINGS SA-CLASS A Com P31076105   1,537,283 13,902 SH   SOLE   13,902 0 0
CSW INDUSTRIALS INC Com 126402106   2,596,553 15,624 SH   SOLE   15,624 0 0
DESPEGAR.COM CORP Com G27358103   32,194,911 4,566,654 SH   SOLE   4,443,873 0 122,781
ENERFLEX LTD Com 29269R105   23,281,041 3,417,822 SH   SOLE   3,296,533 0 121,289
JEFFERIES FINANCIAL GROUP IN Com 47233W109   41,059,650 1,237,855 SH   SOLE   1,237,855 0 0
NUTRIEN LTD Com 67077M108   31,837,280 539,158 SH   SOLE   528,398 0 10,760
SPECTRUM BRANDS HOLDINGS INC Com 84790A105   51,449,623 659,188 SH   SOLE   647,428 0 11,760
TECK RESOURCES LTD-CLS B Com 878742204   2,014,317 47,846 SH   SOLE   47,846 0 0
TIDEWATER INC Com 88642R109   44,135,895 796,102 SH   SOLE   781,189 0 14,913
WHEATON PRECIOUS METALS CORP Com 962879102   38,767,260 896,975 SH   SOLE   896,975 0 0