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
3M CO COM 88579Y101 855 5,740 SH   SOLE   5,740 0 0
ABBVIE INC COM 00287Y109 1,221 7,530 SH   SOLE   7,530 0 0
ACCO BRANDS CORP COM 00081T108 800 100,000 SH   SOLE   100,000 0 0
ACME UTD CORP COM 004816104 2,363 70,000 SH   SOLE   70,000 0 0
AIR LEASE CORP CL A 00912X302 2,009 45,000 SH   SOLE   45,000 0 0
ALASKA AIR GROUP INC COM 011659109 1,311 22,600 SH   SOLE   22,600 0 0
ALPHA & OMEGA SEMICONDUCTOR SHS G6331P104 2,733 50,000 SH   SOLE   50,000 0 0
ALPHABET INC CAP STK CL A 02079K305 1,947 700 SH   SOLE   700 0 0
ALTRIA GROUP INC COM 02209S103 1,128 21,580 SH   SOLE   21,580 0 0
AMC NETWORKS INC CL A 00164V103 813 20,000 SH   SOLE   20,000 0 0
AMCOR PLC ORD G0250X107 966 85,280 SH   SOLE   85,280 0 0
AMGEN INC COM 031162100 1,088 4,500 SH   SOLE   4,500 0 0
APPLE INC COM 037833100 1,746 10,000 SH   SOLE   10,000 0 0
ARCH RESOURCES INC CL A 03940R107 687 5,000 SH   SOLE   5,000 0 0
AXIS CAP HLDGS LTD SHS G0692U109 1,139 18,830 SH   SOLE   18,830 0 0
B. RILEY FINANCIAL INC COM 05580M108 1,434 20,500 SH   SOLE   20,500 0 0
BEST BUY INC COM 086516101 911 10,020 SH   SOLE   10,020 0 0
BGC PARTNERS INC CL A 05541T101 1,100 250,000 SH   SOLE   250,000 0 0
BIG LOTS INC COM 089302103 1,211 35,000 SH   SOLE   35,000 0 0
ALLIANCE DATA SYSTEMS CORP COM 018581108 1,145 20,400 SH   SOLE   20,400 0 0
BRINKER INTL INC COM 109641100 1,336 35,000 SH   SOLE   35,000 0 0
BRISTOL-MYERS SQUIBB CO COM 110122108 2,191 30,000 SH   SOLE   30,000 0 0
CALERES INC COM 129500104 967 50,000 SH   SOLE   50,000 0 0
CAMPING WORLD HLDGS INC CL A 13462K109 698 24,980 SH   SOLE   24,980 0 0
CANON INC SPONSORED ADR 138006309 1,016 41,800 SH   SOLE   41,800 0 0
CARDINAL HEALTH INC COM 14149Y108 1,108 19,550 SH   SOLE   19,550 0 0
CIGNA CORP NEW COM 125523100 1,557 6,500 SH   SOLE   6,500 0 0
COMPUTER TASK GROUP INC COM 205477102 977 100,000 SH   SOLE   100,000 0 0
CRACKER BARREL OLD CTRY STOR COM 22410J106 926 7,800 SH   SOLE   7,800 0 0
CRAWFORD & CO CL A 224633206 756 100,000 SH   SOLE   100,000 0 0
DELUXE CORP COM 248019101 961 31,770 SH   SOLE   31,770 0 0
DENNYS CORP COM 24869P104 358 25,000 SH   SOLE   25,000 0 0
DISCOVER FINL SVCS COM 254709108 1,653 15,000 SH   SOLE   15,000 0 0
DOW INC COM 260557103 1,153 18,100 SH   SOLE   18,100 0 0
DXC TECHNOLOGY CO COM 23355L106 1,312 40,200 SH   SOLE   40,200 0 0
ENERGIZER HLDGS INC NEW COM 29272W109 796 25,870 SH   SOLE   25,870 0 0
EOG RES INC COM 26875P101 1,364 11,440 SH   SOLE   11,440 0 0
ESCALADE INC COM 296056104 1,056 80,000 SH   SOLE   80,000 0 0
EXXON MOBIL CORP COM 30231G102 1,377 16,670 SH   SOLE   16,670 0 0
FEDEX CORP COM 31428X106 1,388 6,000 SH   SOLE   6,000 0 0
FIDELITY NATIONAL FINANCIAL FNF GROUP COM 31620R303 958 19,610 SH   SOLE   19,610 0 0
GENERAL MTRS CO COM 37045V100 1,019 23,300 SH   SOLE   23,300 0 0
GILEAD SCIENCES INC COM 375558103 892 15,000 SH   SOLE   15,000 0 0
GLAXOSMITHKLINE PLC SPONSORED ADR 37733W105 1,008 23,130 SH   SOLE   23,130 0 0
GSI TECHNOLOGY INC COM 36241U106 575 150,000 SH   SOLE   150,000 0 0
BLOCK H & R INC COM 093671105 1,127 43,290 SH   SOLE   43,290 0 0
HANESBRANDS INC COM 410345102 908 61,000 SH   SOLE   61,000 0 0
KRAFT HEINZ CO COM 500754106 1,134 28,800 SH   SOLE   28,800 0 0
HONDA MOTOR LTD AMERN SHS 438128308 1,020 36,110 SH   SOLE   36,110 0 0
HOOKER FURNISHINGS CORPORATI COM 439038100 947 50,000 SH   SOLE   50,000 0 0
INTEL CORP COM 458140100 991 20,000 SH   SOLE   20,000 0 0
INTERNATIONAL PAPER CO COM 460146103 1,008 21,850 SH   SOLE   21,850 0 0
INTERNATIONAL BUSINESS MACHS COM 459200101 992 7,630 SH   SOLE   7,630 0 0
INVESCO LTD SHS G491BT108 1,693 73,400 SH   SOLE   73,400 0 0
JANUS HENDERSON GROUP PLC ORD SHS G4474Y214 848 24,220 SH   SOLE   24,220 0 0
JOANN INC COM 47768J101 913 80,000 SH   SOLE   80,000 0 0
KB HOME COM 48666K109 1,295 40,000 SH   SOLE   40,000 0 0
LEGGETT & PLATT INC COM 524660107 872 25,070 SH   SOLE   25,070 0 0
LOCKHEED MARTIN CORP COM 539830109 1,271 2,880 SH   SOLE   2,880 0 0
LYONDELLBASELL INDUSTRIES N SHS - A - N53745100 1,131 11,000 SH   SOLE   11,000 0 0
MAGNA INTL INC COM 559222401 1,158 18,000 SH   SOLE   18,000 0 0
MCKESSON CORP COM 58155Q103 2,296 7,500 SH   SOLE   7,500 0 0
M D C HLDGS INC COM 552676108 691 18,266 SH   SOLE   18,266 0 0
MERCURY GENL CORP NEW COM 589400100 1,062 19,300 SH   SOLE   19,300 0 0
METLIFE INC COM 59156R108 1,574 22,400 SH   SOLE   22,400 0 0
MKS INSTRS INC COM 55306N104 900 6,000 SH   SOLE   6,000 0 0
MOLSON COORS BEVERAGE CO CL B 60871R209 1,186 22,220 SH   SOLE   22,220 0 0
MSC INDL DIRECT INC CL A 553530106 1,035 12,150 SH   SOLE   12,150 0 0
NEW YORK CMNTY BANCORP INC COM 649445103 896 83,540 SH   SOLE   83,540 0 0
NEWELL BRANDS INC COM 651229106 1,008 47,100 SH   SOLE   47,100 0 0
NEWMONT CORP COM 651639106 1,316 16,560 SH   SOLE   16,560 0 0
OMNICOM GROUP INC COM 681919106 1,182 13,920 SH   SOLE   13,920 0 0
O-I GLASS INC COM 67098H104 1,716 130,200 SH   SOLE   130,200 0 0
PARAMOUNT GLOBAL CLASS B COM 92556H206 1,239 32,780 SH   SOLE   32,780 0 0
POSCO HOLDINGS INC SPONSORED ADR 693483109 1,041 17,560 SH   SOLE   17,560 0 0
PRUDENTIAL FINL INC COM 744320102 1,725 14,600 SH   SOLE   14,600 0 0
RIO TINTO PLC SPONSORED ADR 767204100 1,228 15,270 SH   SOLE   15,270 0 0
RYDER SYS INC COM 783549108 981 12,370 SH   SOLE   12,370 0 0
SAGA COMMUNICATIONS INC CL A NEW 786598300 581 25,000 SH   SOLE   25,000 0 0
SOUTH JERSEY INDS INC COM 838518108 1,350 39,070 SH   SOLE   39,070 0 0
SPORTSMANS WHSE HLDGS INC COM 84920Y106 855 80,000 SH   SOLE   80,000 0 0
SPROUTS FMRS MKT INC COM 85208M102 1,599 50,000 SH   SOLE   50,000 0 0
STRATEGIC ED INC COM 86272C103 1,161 17,490 SH   SOLE   17,490 0 0
BUCKLE INC COM 118440106 797 24,110 SH   SOLE   24,110 0 0
TIMKEN CO COM 887389104 1,008 16,600 SH   SOLE   16,600 0 0
TRAVEL PLUS LEISURE CO COM 894164102 1,078 18,610 SH   SOLE   18,610 0 0
UMPQUA HLDGS CORP COM 904214103 1,000 53,010 SH   SOLE   53,010 0 0
UNITED THERAPEUTICS CORP DEL COM 91307C102 736 4,100 SH   SOLE   4,100 0 0
UNUM GROUP COM 91529Y106 1,308 41,510 SH   SOLE   41,510 0 0
USA TRUCK INC COM 902925106 1,030 50,000 SH   SOLE   50,000 0 0
VERIZON COMMUNICATIONS INC COM 92343V104 994 19,520 SH   SOLE   19,520 0 0
VIATRIS INC COM 92556V106 1,088 100,000 SH   SOLE   100,000 0 0
VISTA OUTDOOR INC COM 928377100 1,071 30,000 SH   SOLE   30,000 0 0
WALGREENS BOOTS ALLIANCE INC COM 931427108 878 19,620 SH   SOLE   19,620 0 0
WESTERN UN CO COM 959802109 1,060 56,570 SH   SOLE   56,570 0 0
XEROX HOLDINGS CORP COM NEW 98421M106 902 44,700 SH   SOLE   44,700 0 0