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 (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
Qurate Retail Inc Preferred 03 PFD 74915M308 41 900 SH   SOLE   900 0 0
AGNC Investment Corp PFD 00123q500 327 14,000 SH   SOLE   14,000 0 0
Wells Fargo & Company FPP 7.5 PFD 949746804 265 220 SH   SOLE   220 0 0
Abbott Laboratories COM 002824100 97 1,000 SH   SOLE   1,000 0 0
AbbVie Inc COM 00287y109 134 1,000 SH   SOLE   1,000 0 0
ALJ Regional Holdings Inc COM 001627108 8 4,158 SH   SOLE   4,158 0 0
Axalta Coating Systems Ltd COM g0750c108 3,707 176,027 SH   SOLE   176,027 0 0
Berkshire Hathaway Inc CL B COM 084670702 3,324 12,450 SH   SOLE   12,450 0 0
BlackRock TCP Capital Corporation COM 09259E108 71 6,500 SH   SOLE   6,500 0 0
Butler National Corporation COM 123720104 2 3,000 SH   SOLE   3,000 0 0
CarGurus Inc COM 141788109 1,367 96,500 SH   SOLE   96,500 0 0
CarGurus Inc COM 141788109 1,066 75,200 SH   DFND   0 0 75,200
Chase Corporation COM 16150r104 3,323 39,767 SH   SOLE   39,767 0 0
Chase Corporation COM 16150r104 1,713 20,503 SH   DFND   0 0 20,503
Chevron Corporation COM 166764100 144 1,000 SH   SOLE   1,000 0 0
Clean Harbors Inc COM 184496107 2,467 22,427 SH   SOLE   22,427 0 0
CNX Resources Corporation COM 12653C108 3,246 209,000 SH   SOLE   209,000 0 0
CNX Resources Corporation COM 12653C108 3,041 195,800 SH   DFND   0 0 195,800
Commvault Systems Inc COM 204166102 5,458 102,900 SH   SOLE   102,900 0 0
Commvault Systems Inc COM 204166102 2,467 46,518 SH   DFND   0 0 46,518
Compass Minerals International COM 20451n101 14,178 367,963 SH   SOLE   367,963 0 0
Compass Minerals International COM 20451n101 6,735 174,789 SH   DFND   0 0 174,789
CTO Realty Growth Inc COM 22948Q101 333 17,784 SH   SOLE   17,784 0 0
Devon Energy Corporation COM 25179M103 1,433 23,829 SH   SOLE   23,829 0 0
DISH Network Corporation COM 25470M109 391 28,300 SH   SOLE   28,300 0 0
DLH Holdings Corporation COM 23335q100 3,214 261,907 SH   SOLE   261,907 0 0
DLH Holdings Corporation COM 23335q100 2,269 184,889 SH   DFND   0 0 184,889
Ducommun Inc COM 264147109 3,239 81,670 SH   SOLE   81,670 0 0
Ducommun Inc COM 264147109 3,107 78,335 SH   DFND   0 0 78,335
E.W. Scripps Company COM 811054402 7,316 649,199 SH   SOLE   649,199 0 0
E.W. Scripps Company COM 811054402 3,755 333,174 SH   DFND   0 0 333,174
Ecovyst Inc COM 27923Q109 16,649 1,972,670 SH   SOLE   1,972,670 0 0
Ecovyst Inc COM 27923Q109 7,864 931,780 SH   DFND   0 0 931,780
Element Solutions Inc COM 28618M106 926 56,909 SH   SOLE   56,909 0 0
Enovis Corporation COM 194014502 6,933 150,493 SH   SOLE   150,493 0 0
Enovis Corporation COM 194014502 2,667 57,894 SH   DFND   0 0 57,894
FMC Corporation COM 302491303 4,535 42,907 SH   SOLE   42,907 0 0
Franco-Nevada Corporation COM 351858105 3,083 25,800 SH   SOLE   25,800 0 0
Global Indemnity Group LLC COM 37959r103 2,521 114,235 SH   SOLE   114,235 0 0
Great Elm Group Inc COM 39037G109 1,230 615,126 SH   SOLE   615,126 0 0
Great Elm Group Inc COM 39037G109 1,033 516,700 SH   DFND   0 0 516,700
GXO Logistics Inc COM 36262g101 939 26,789 SH   SOLE   26,789 0 0
Hallador Energy Company COM 40609P105 3,496 622,053 SH   SOLE   622,053 0 0
Hallador Energy Company COM 40609P105 1,337 237,985 SH   DFND   0 0 237,985
Hamilton Thorne Ltd COM 407891100 12 10,564 SH   SOLE   10,564 0 0
Henry Schein Inc COM 806407102 1,094 16,631 SH   SOLE   16,631 0 0
Heritage-Crystal Clean Inc COM 42726m106 6,772 229,000 SH   SOLE   229,000 0 0
Heritage-Crystal Clean Inc COM 42726m106 5,047 170,665 SH   DFND   0 0 170,665
Howmet Aerospace Inc COM 443201108 1,155 37,345 SH   SOLE   37,345 0 0
IAC InterActive Corporation COM 44891N208 1,730 31,245 SH   SOLE   31,245 0 0
IEH Corporation COM 44949K107 937 89,200 SH   SOLE   89,200 0 0
InfuSystems Holdings Inc COM 45685K102 2,003 286,482 SH   SOLE   286,482 0 0
InfuSystems Holdings Inc COM 45685K102 1,910 273,275 SH   DFND   0 0 273,275
Innovative Solutions COM 45769N105 9 1,031 SH   SOLE   1,031 0 0
IPG Photonics Corporation COM 44980X109 1,006 11,923 SH   SOLE   11,923 0 0
Issuer Direct Corporation COM 46520m204 5 264 SH   SOLE   264 0 0
KBR Inc COM 48242W106 8,408 194,544 SH   SOLE   194,544 0 0
KBR Inc COM 48242W106 3,574 82,700 SH   DFND   0 0 82,700
Kinder Morgan Inc COM 49456B101 300 18,000 SH   SOLE   18,000 0 0
Landec Corporation COM 514766104 12,003 1,350,201 SH   SOLE   1,350,201 0 0
Landec Corporation COM 514766104 4,785 538,293 SH   DFND   0 0 538,293
Liberty SiriusXM Group - A COM 531229409 5,403 141,935 SH   SOLE   141,935 0 0
Liberty TripAdvisor Holdings Inc COM 531465102 2,705 2,481,790 SH   SOLE   2,481,790 0 0
Liberty TripAdvisor Holdings Inc COM 531465102 1,331 1,221,129 SH   DFND   0 0 1,221,129
Lions Gate Entertainment Corporation COM 535919500 8,924 1,283,975 SH   SOLE   1,283,975 0 0
Lions Gate Entertainment Corporation COM 535919500 3,232 465,100 SH   DFND   0 0 465,100
Lumen Technologies Inc COM 550241103 1,118 153,572 SH   SOLE   153,572 0 0
Millicom International Cellular COM l6388f110 4,885 428,116 SH   SOLE   428,116 0 0
Millicom International Cellular COM l6388f110 2,374 208,029 SH   DFND   0 0 208,029
N-able Inc COM 62878D100 2,100 227,563 SH   SOLE   227,563 0 0
N-able Inc COM 62878D100 1,874 203,063 SH   DFND   0 0 203,063
Nature's Sunshine Products Inc COM 639027101 1,110 134,753 SH   DFND   0 0 134,753
NewMarket Corporation COM 651587107 5,550 18,450 SH   SOLE   18,450 0 0
NewMarket Corporation COM 651587107 3,760 12,500 SH   DFND   0 0 12,500
Northern Technologies International COM 665809109 7 514 SH   SOLE   514 0 0
Omni-Lite Industries Canada COM 681976106 2 3,806 SH   SOLE   3,806 0 0
Overseas Shipholding Group Inc COM 69036R863 37 12,500 SH   SOLE   12,500 0 0
Philip Morris International In COM 718172109 100 1,200 SH   SOLE   1,200 0 0
Quorum Information Technologies COM 749093100 7 12,270 SH   SOLE   12,270 0 0
Regal Rexnord Corporation COM 758750103 2,522 17,967 SH   SOLE   17,967 0 0
Research Solutions Inc COM 761025105 3,229 1,582,911 SH   SOLE   1,582,911 0 0
Research Solutions Inc COM 761025105 1,847 905,553 SH   DFND   0 0 905,553
SecureWorks Corporation COM 81374A105 2,702 335,655 SH   SOLE   335,655 0 0
SecureWorks Corporation COM 81374A105 2,155 267,712 SH   DFND   0 0 267,712
Sensata Technologies Holdings COM G8060N102 911 24,432 SH   SOLE   24,432 0 0
Six Flags Entertainment Corporation COM 83001a102 5,227 295,300 SH   SOLE   295,300 0 0
Six Flags Entertainment Corporation COM 83001a102 3,013 170,199 SH   DFND   0 0 170,199
Skechers U.S.A. Inc CL A COM 830566105 4,693 147,937 SH   SOLE   147,937 0 0
Skechers U.S.A. Inc CL A COM 830566105 2,408 75,908 SH   DFND   0 0 75,908
Standex International Corporation COM 854231107 3,329 40,776 SH   SOLE   40,776 0 0
Standex International Corporation COM 854231107 2,685 32,889 SH   DFND   0 0 32,889
Star Group L.P. COM 85512c105 379 46,600 SH   SOLE   46,600 0 0
StoneX Group Inc COM 861896108 6,609 79,679 SH   SOLE   79,679 0 0
StoneX Group Inc COM 861896108 4,674 56,354 SH   DFND   0 0 56,354
Tapestry Inc COM 876030107 1,078 37,902 SH   SOLE   37,902 0 0
The Bank of New York Mellon Co COM 064058100 1,172 30,415 SH   SOLE   30,415 0 0
The Eastern Company COM 276317104 5 310 SH   SOLE   310 0 0
The Monarch Cement Company COM 609031307 2 23 SH   SOLE   23 0 0
Tiptree Inc COM 88822Q103 2,530 235,171 SH   SOLE   235,171 0 0
Tiptree Inc COM 88822Q103 1,614 149,980 SH   DFND   0 0 149,980
UFP Technologies Inc COM 902673102 3,354 39,068 SH   SOLE   39,068 0 0
UFP Technologies Inc COM 902673102 3,591 41,832 SH   DFND   0 0 41,832
Viasat Inc COM 92552v100 19,703 651,768 SH   SOLE   651,768 0 0
Viasat Inc COM 92552v100 9,634 318,700 SH   DFND   0 0 318,700
Viemed Healthcare Inc COM 92663r105 4,298 716,293 SH   SOLE   716,293 0 0
Viemed Healthcare Inc COM 92663r105 3,146 524,367 SH   DFND   0 0 524,367
Warner Bros Discovery Inc COM 934423104 3,552 308,900 SH   SOLE   308,900 0 0
Wayside Technology Group Inc COM 946760105 5,368 199,717 SH   SOLE   199,717 0 0
Wayside Technology Group Inc COM 946760105 3,633 135,144 SH   DFND   0 0 135,144
Wells Fargo & Company COM 949746101 1,725 42,900 SH   SOLE   42,900 0 0
White Mountains Insurance Group COM g9618e107 13,025 9,996 SH   SOLE   9,996 0 0
White Mountains Insurance Group COM g9618e107 7,350 5,641 SH   DFND   0 0 5,641