Robotti & Company Activity Q4 2003-Q3 2023

Q3 2023
 Value Shares↓ Weighting
TDW BuyTIDEWATER INC$273,945,285
+32.5%
3,854,584
+3.3%
40.24%
+20.5%
BLDR SellBUILDERS FIRSTSOURCE INC$83,377,925
-20.7%
669,756
-13.4%
12.25%
-27.9%
LXU BuyLSB INDS INC$44,519,190
+63.2%
4,351,827
+57.1%
6.54%
+48.4%
WLK SellWESTLAKE CHEM CORP$28,377,635
+4.0%
227,622
-0.3%
4.17%
-5.4%
WFG SellWEST FRASER TIMBER CO LTD$24,475,359
-16.2%
337,405
-0.7%
3.60%
-23.8%
NE NewNOBLE CORP NEW$18,792,518371,0272.76%
SKY SellSKYLINE CORP$18,088,770
-3.5%
283,879
-0.9%
2.66%
-12.3%
JEF SellJEFFERIES FINL GROUP INC$15,545,223
+9.1%
424,385
-1.2%
2.28%
-0.8%
CVCO BuyCAVCO INDS INC DEL$13,703,806
-9.7%
51,584
+0.3%
2.01%
-17.8%
FTI SellTECHNIPFMC PLC$11,331,862
+20.3%
557,122
-1.7%
1.66%
+9.4%
CNQ SellCANADIAN NAT RES LTD$10,396,091
+13.5%
160,756
-1.2%
1.53%
+3.2%
SMHI SellSEACOR MARINE HOLDINGS INC$9,347,680
+21.2%
673,464
-0.2%
1.37%
+10.3%
LECO SellLINCOLN ELEC HLDGS INC$9,091,681
-9.9%
50,012
-1.5%
1.34%
-18.0%
AXR SellAMREP CORP NEW$8,558,441
-6.3%
508,750
-0.0%
1.26%
-14.7%
RDNT SellRADNET INC$8,280,474
-14.5%
293,738
-1.0%
1.22%
-22.2%
IIIN SellINSTEEL INDUSTRIES INC$8,124,738
+3.1%
250,300
-1.2%
1.19%
-6.2%
WDC SellWESTERN DIGITAL CORP$6,327,968
+18.7%
138,680
-1.3%
0.93%
+7.9%
EAF BuyGRAFTECH INTERNATIONAL$6,307,129
+60.1%
1,646,770
+110.7%
0.93%
+45.6%
DAN SellDANA HOLDING CORP$6,122,422
-15.6%
417,343
-2.2%
0.90%
-23.2%
OLN SellOLIN CORP NEW$5,811,724
-3.4%
116,281
-0.7%
0.85%
-12.1%
AER BuyAERCAP HOLDINGS NV$5,565,159
+1.3%
88,801
+2.7%
0.82%
-7.9%
UMH SellU M H PROPERTIES INC$4,260,958
-13.3%
303,920
-1.2%
0.63%
-21.2%
CSIQ SellCANADIAN SOLAR INC$4,119,369
-37.2%
167,386
-1.3%
0.60%
-42.9%
AMKR NewAMKOR TECHNOLOGY INC$4,111,618181,9300.60%
LPX SellLOUISIANA PAC CORP$3,982,646
-26.6%
72,058
-0.5%
0.58%
-33.3%
VAL SellVALARIS LIMITEDcl a$3,849,023
+15.8%
51,334
-2.8%
0.56%
+5.2%
LEGH SellLEGACY HOUSING CORP$3,594,247
-16.8%
185,175
-0.6%
0.53%
-24.4%
ALSN SellALLISON TRANSMISSION HLDGS INC$3,557,656
+3.5%
60,238
-1.0%
0.52%
-5.8%
CC SellCHEMOURS CO$3,311,976
-24.9%
118,074
-1.2%
0.49%
-31.7%
BVH SellBLUEGREEN VACATIONS HLDG CORPcl a$3,200,440
+2.3%
87,253
-0.6%
0.47%
-6.9%
TNL SellTRAVEL PLUS LEISURE CO$2,383,189
-10.2%
64,884
-1.4%
0.35%
-18.2%
AEO SellAMERICAN EAGLE OUTFITTERS NE$2,118,107
+38.6%
127,520
-1.5%
0.31%
+25.9%
RNGR NewRANGER ENERGY SVCS INC$1,418,000100,0000.21%
SellU HAUL HOLDING COMPANY$1,372,618
-9.7%
26,200
-12.7%
0.20%
-17.6%
ATKR BuyATKORE INC$1,044,330
+21.8%
7,000
+27.3%
0.15%
+10.9%
RYI BuyRYERSON HLDG CORP$741,795
+71.0%
25,500
+155.0%
0.11%
+55.7%
FNV SellFRANCO NEV CORP$667,450
-14.9%
5,000
-9.1%
0.10%
-22.8%
NewSEADRILL 2021 LTD$463,12910,3400.07%
TDWWSB ExitTIDEWATER INC*w exp 07/31/2023$0-240,955-0.01%
TDWWSA ExitTIDEWATER INC*w exp 07/31/2023$0-82,135-0.02%
AAPL ExitAPPLE INC$0-1,041-0.03%
IAC ExitIAC INC$0-4,000-0.04%
CET ExitCENTRAL SECS CORP$0-9,178-0.05%
HRZN ExitHORIZON TECHNOLOGY FIN CORP$0-32,500-0.06%
MEI ExitMETHODE ELECTRS INC$0-107,143-0.58%
ExitNOBLE CORP PLC$0-371,452-2.48%
Q2 2023
 Value Shares↓ Weighting
TDW NewTIDEWATER INC$206,821,0823,730,53933.39%
BLDR NewBUILDERS FIRSTSOURCE INC$105,129,360773,01016.98%
WFG NewWEST FRASER TIMBER CO LTD$29,218,927339,8344.72%
LXU NewLSB INDS INC$27,286,1542,770,1684.41%
WLK NewWESTLAKE CORPORATION$27,282,050228,3594.40%
SKY NewSKYLINE CHAMPION CORPORATION$18,754,501286,5473.03%
NewNOBLE CORP PLC$15,344,682371,4522.48%
CVCO NewCAVCO INDS INC DEL$15,176,27551,4452.45%
JEF NewJEFFERIES FINL GROUP INC$14,254,210429,7322.30%
LECO NewLINCOLN ELEC HLDGS INC$10,088,41750,7901.63%
RDNT NewRADNET INC$9,682,953296,8411.56%
FTI NewTECHNIPFMC PLC$9,417,574566,6411.52%
CNQ NewCANADIAN NAT RES LTD$9,158,059162,7811.48%
AXR NewAMREP CORP$9,131,131508,9821.47%
IIIN NewINSTEEL INDS INC$7,880,082253,2161.27%
SMHI NewSEACOR MARINE HLDGS INC$7,710,118674,5511.24%
DAN NewDANA INC$7,252,251426,6031.17%
CSIQ NewCANADIAN SOLAR INC$6,561,282169,5861.06%
OLN NewOLIN CORP$6,019,362117,1310.97%
AER NewAERCAP HOLDINGS NV$5,493,40086,4830.89%
LPX NewLOUISIANA PAC CORP$5,428,77772,4030.88%
WDC NewWESTERN DIGITAL CORP.$5,330,227140,5280.86%
UMH NewUMH PRTYS INC$4,914,969307,5700.79%
SPOT NewSPOTIFY TECHNOLOGY S A$4,655,95029,0000.75%
CC NewCHEMOURS CO$4,409,978119,5440.71%
LEGH NewLEGACY HOUSING CORP$4,321,225186,3400.70%
TECK NewTECK RESOURCES INCcl b$4,210,000100,0000.68%
EAF NewGRAFTECH INTL LTD$3,939,783781,7030.64%
MEI NewMETHODE ELECTRS INC$3,591,433107,1430.58%
ALSN NewALLISON TRANSMISSION HLDGS INC$3,436,89060,8730.56%
VAL NewVALARIS LIMITEDcl a$3,324,84452,8340.54%
BVH NewBLUEGREEN VACATIONS HLDG CORPcl a$3,129,71487,7900.50%
TNL NewTRAVEL PLUS LEISURE CO$2,653,52565,7790.43%
PLPC NewPREFORMED LINE PRODS CO$1,561,00010,0000.25%
AEO NewAMERICAN EAGLE OUTFITTERS IN$1,528,041129,4950.25%
NewU HAUL HOLDING COMPANY$1,520,10030,0000.24%
SE NewSEA LTDsponsored ads$1,451,00025,0000.23%
FRPH NewFRP HLDGS INC$1,324,11023,0000.21%
CACI NewCACI INTL INCcl a$1,158,8563,4000.19%
GIB NewCGI INCcl a sub vtg$1,159,73011,0000.19%
ATKR NewATKORE INC$857,6705,5000.14%
FNV NewFRANCO NEV CORP$784,3005,5000.13%
SENEA NewSENECA FOODS CORP NEWcl a$763,99323,3780.12%
PBR NewPETROLEO BRASILEIRO SA PETROsponsored adr$691,50050,0000.11%
MS NewMORGAN STANLEY$616,1617,2150.10%
AEIS NewADVANCED ENERGY INDS$526,6014,7250.08%
AGI NewALAMOS GOLD INCORPORATED$476,80040,0000.08%
AEM NewAGNICO EAGLE MINES LTD$474,8109,5000.08%
RYI NewRYERSON HLDG CORP$433,80010,0000.07%
HRZN NewHORIZON TECHNOLOGY FIN CORP$392,60032,5000.06%
INSW NewINTERNATIONAL SEAWAYS INC$382,40010,0000.06%
MRK NewMERCK & CO INC$346,1703,0000.06%
CET NewCENTRAL SECS CORP$335,0899,1780.05%
UHAL NewU HAUL HOLDING COMPANY$287,6645,2000.05%
IAC NewIAC INC$251,2004,0000.04%
DMLP NewDORCHESTER MINERALS LP$225,4497,5250.04%
AAPL NewAPPLE INC$202,0091,0410.03%
FPH NewFIVE POINT HOLDINGS LLC$167,75658,0470.03%
PSQ NewPROSHARES TRshort qqq new$158,55015,0000.03%
TDWWSA NewTIDEWATER INC*w exp 07/31/2023$95,27782,1350.02%
PHX NewPHX MINERALS INCcl a$78,35225,1130.01%
TDWWSB NewTIDEWATER INC*w exp 07/31/2023$48,191240,9550.01%
NewALPHA TAU MEDICAL LTD*w exp 03/07/2028$19,75550,0000.00%
Q4 2022
 Value Shares↓ Weighting
ExitALPHA TAU MEDICAL LTD*w exp 03/07/2028$0-100,000-0.01%
TDWWSA ExitTIDEWATER INC*w exp 07/31/202$0-86,603-0.01%
FTK ExitFLOTEK INDUSTRIES INC$0-100,000-0.02%
TDWWSB ExitTIDEWATER INC*w exp 07/31/202$0-245,005-0.03%
AGI ExitALAMOS GOLD INCORPORATED$0-20,000-0.04%
WOW ExitWIDEOPENWEST INC$0-12,500-0.04%
DMLP ExitDORCHESTER MINERALS$0-9,025-0.05%
MRK ExitMERCK & CO INC NEW$0-3,000-0.06%
SAND ExitSANDSTORM GOLD LTD$0-50,000-0.06%
ExitSEVEN HILLS REALTY TRUST$0-30,482-0.07%
IAC ExitIAC INC$0-5,000-0.07%
FPH ExitFIVE POINT HOLDINGS LLC$0-114,500-0.07%
MSGS ExitMADISON SQUARE GRDN SPRT CORcl a$0-2,500-0.08%
AEIS ExitADVANCED ENERGY INDS$0-4,725-0.09%
LSXMA ExitLIBERTY MEDIA CORP DEL$0-10,000-0.09%
PHX ExitPHX MINERALS INCcl a$0-129,059-0.10%
MKL ExitMARKEL CORP$0-400-0.10%
CET ExitCENTRAL SECS CORP$0-13,706-0.11%
LBRDA ExitLIBERTY BROADBAND CORP$0-6,500-0.12%
PBR ExitPETROLEO BRASILEIRO SA PETROsponsored adr$0-50,000-0.15%
AEM ExitAGNICO EAGLE MINES LTD$0-16,000-0.16%
PLPC ExitPREFORMED LINE PRODS CO$0-10,000-0.17%
MS ExitMORGAN STANLEY$0-9,215-0.17%
VOYA ExitVOYA FINANCIAL INC$0-13,000-0.19%
ExitWATSCO INC$0-3,200-0.20%
FNV ExitFRANCO NEV CORP$0-7,000-0.20%
TRQ ExitTURQUOISE HILL RES LTD$0-30,432-0.21%
GIB ExitCGI INCcl a sub vtg$0-12,500-0.22%
UHAL ExitAMERCO$0-2,200-0.27%
CACI ExitCACI INTL INCcl a$0-4,800-0.30%
AEO ExitAMERICAN EAGLE OUTFITTERS NE$0-133,114-0.31%
FRPH ExitFRP HLDGS INCORPORATED$0-27,113-0.35%
BVH ExitBLUEGREEN VACATIONS HLDG CORPcl a$0-95,347-0.37%
ALSN ExitALLISON TRANSMISSION HLDGS INC$0-59,659-0.48%
TNL ExitTRAVEL PLUS LEISURE CO$0-67,695-0.55%
GRIN ExitGRINDROD SHIPPING HOLDINGS L$0-100,000-0.57%
VAL ExitVALARIS LIMITEDcl a$0-50,000-0.58%
CC ExitCHEMOURS CO$0-119,975-0.70%
TECK ExitTECK RESOURCES INCcl b$0-100,000-0.72%
CSIQ ExitCANADIAN SOLAR INC$0-82,327-0.73%
SE ExitSEA LTDsponsored ads$0-55,000-0.73%
LEGH ExitLEGACY HOUSING CORP$0-180,495-0.74%
EAF ExitGRAFTECH INTERNATIONAL$0-736,628-0.75%
AER ExitAERCAP HOLDINGS NV$0-79,830-0.80%
SMHI ExitSEACOR MARINE HOLDINGS INC$0-667,488-0.89%
LPX ExitLOUISIANA PAC CORP$0-73,640-0.90%
MEI ExitMETHODE ELECTRONICS INC$0-109,191-0.96%
WDC ExitWESTERN DIGITAL CORP$0-141,556-1.10%
FTI ExitTECHNIPFMC PLC$0-587,369-1.18%
SPOT ExitSPOTIFY TECHNOLOGY S A$0-58,000-1.19%
UMH ExitU M H PROPERTIES INC$0-318,030-1.22%
OLN ExitOLIN CORP NEW$0-133,291-1.36%
AXR ExitAMREP CORP NEW$0-508,605-1.36%
DAN ExitDANA HOLDING CORP$0-537,330-1.46%
RDNT ExitRADNET INC$0-312,315-1.51%
LECO ExitLINCOLN ELEC HLDGS INC$0-51,506-1.54%
IIIN ExitINSTEEL INDUSTRIES INC$0-255,760-1.61%
CNQ ExitCANADIAN NAT RES LTD$0-167,344-1.85%
CVCO ExitCAVCO INDS INC DEL$0-51,789-2.53%
NE ExitNOBLE CORP NEW$0-374,460-2.63%
JEF ExitJEFFERIES FINL GROUP INC$0-434,721-3.05%
SKY ExitSKYLINE CORP$0-290,237-3.65%
WLK ExitWESTLAKE CHEM CORP$0-229,966-4.75%
LXU ExitLSB INDS INC$0-1,686,093-5.71%
WFG ExitWEST FRASER TIMBER CO LTD$0-372,724-6.40%
TDW ExitTIDEWATER INC$0-3,325,574-17.15%
BLDR ExitBUILDERS FIRSTSOURCE INC$0-1,727,001-24.18%
Q3 2022
 Value Shares↓ Weighting
BLDR SellBUILDERS FIRSTSOURCE INC$101,755,000
+6.1%
1,727,001
-3.3%
24.18%
+3.1%
TDW BuyTIDEWATER INC$72,165,000
+24.4%
3,325,574
+20.9%
17.15%
+20.8%
WFG BuyWEST FRASER TIMBER CO LTD$26,933,000
+7.2%
372,724
+13.8%
6.40%
+4.1%
LXU SellLSB INDS INC$24,027,000
+2.6%
1,686,093
-0.2%
5.71%
-0.3%
WLK SellWESTLAKE CHEM CORP$19,979,000
-11.5%
229,966
-0.2%
4.75%
-14.1%
SKY BuySKYLINE CORP$15,345,000
+23.1%
290,237
+10.4%
3.65%
+19.6%
JEF SellJEFFERIES FINL GROUP INC$12,824,000
+6.6%
434,721
-0.2%
3.05%
+3.5%
NE BuyNOBLE CORP NEW$11,077,000
+30.7%
374,460
+12.0%
2.63%
+27.0%
CVCO BuyCAVCO INDS INC DEL$10,656,000
+34.0%
51,789
+27.6%
2.53%
+30.2%
CNQ SellCANADIAN NAT RES LTD$7,783,000
-19.2%
167,344
-6.6%
1.85%
-21.5%
IIIN SellINSTEEL INDUSTRIES INC$6,785,000
-21.3%
255,760
-0.1%
1.61%
-23.5%
LECO SellLINCOLN ELEC HLDGS INC$6,475,000
-25.3%
51,506
-26.7%
1.54%
-27.5%
RDNT SellRADNET INC$6,356,000
+17.6%
312,315
-0.2%
1.51%
+14.2%
DAN SellDANA HOLDING CORP$6,141,000
-19.0%
537,330
-0.2%
1.46%
-21.3%
AXR SellAMREP CORP NEW$5,737,000
-1.1%
508,605
-1.6%
1.36%
-3.9%
OLN SellOLIN CORP NEW$5,715,000
-7.4%
133,291
-0.1%
1.36%
-10.1%
UMH SellU M H PROPERTIES INC$5,136,000
-13.0%
318,030
-4.8%
1.22%
-15.5%
SPOT BuySPOTIFY TECHNOLOGY S A$5,005,000
+83.9%
58,000
+100.0%
1.19%
+78.5%
FTI SellTECHNIPFMC PLC$4,969,000
+24.5%
587,369
-0.9%
1.18%
+21.0%
WDC SellWESTERN DIGITAL CORP$4,608,000
-27.5%
141,556
-0.1%
1.10%
-29.5%
MEI SellMETHODE ELECTRONICS INC$4,056,000
-0.6%
109,191
-0.9%
0.96%
-3.4%
LPX SellLOUISIANA PAC CORP$3,770,000
-2.6%
73,640
-0.3%
0.90%
-5.4%
SMHI BuySEACOR MARINE HOLDINGS INC$3,751,000
+0.2%
667,488
+2.7%
0.89%
-2.7%
AER SellAERCAP HOLDINGS NV$3,379,000
+3.2%
79,830
-0.2%
0.80%
+0.2%
EAF SellGRAFTECH INTERNATIONAL$3,175,000
-50.9%
736,628
-19.5%
0.75%
-52.4%
LEGH SellLEGACY HOUSING CORP$3,095,000
+30.8%
180,495
-0.5%
0.74%
+26.9%
SE BuySEA LTDsponsored ads$3,083,000
+53.7%
55,000
+83.3%
0.73%
+49.3%
CSIQ SellCANADIAN SOLAR INC$3,067,000
+19.1%
82,327
-0.5%
0.73%
+15.7%
CC SellCHEMOURS CO$2,957,000
-23.4%
119,975
-0.4%
0.70%
-25.5%
TNL SellTRAVEL PLUS LEISURE CO$2,310,000
-12.5%
67,695
-0.5%
0.55%
-15.0%
ALSN BuyALLISON TRANSMISSION HLDGS INC$2,014,000
-11.9%
59,659
+0.4%
0.48%
-14.3%
BVH SellBLUEGREEN VACATIONS HLDG CORPcl a$1,575,000
-34.5%
95,347
-1.1%
0.37%
-36.5%
FRPH SellFRP HLDGS INCORPORATED$1,474,000
-13.1%
27,113
-3.6%
0.35%
-15.7%
AEO BuyAMERICAN EAGLE OUTFITTERS NE$1,295,000
-12.6%
133,114
+0.5%
0.31%
-14.9%
CACI SellCACI INTL INCcl a$1,253,000
-11.1%
4,800
-4.0%
0.30%
-13.6%
UHAL BuyAMERCO$1,120,000
+17.2%
2,200
+10.0%
0.27%
+13.7%
GIB SellCGI INCcl a sub vtg$940,000
-30.6%
12,500
-26.5%
0.22%
-32.6%
TRQ BuyTURQUOISE HILL RES LTD$900,000
+12.1%
30,432
+1.4%
0.21%
+9.2%
FNV BuyFRANCO NEV CORP$836,000
+58.9%
7,000
+75.0%
0.20%
+54.3%
BuyWATSCO INC$824,000
+53.4%
3,200
+42.2%
0.20%
+49.6%
VOYA SellVOYA FINANCIAL INC$787,000
-17.3%
13,000
-18.8%
0.19%
-19.7%
MS BuyMORGAN STANLEY$728,000
+16.7%
9,215
+12.2%
0.17%
+13.1%
AEM BuyAGNICO EAGLE MINES LTD$676,000
+56.8%
16,000
+70.0%
0.16%
+53.3%
LBRDA SellLIBERTY BROADBAND CORP$485,000
-57.3%
6,500
-35.0%
0.12%
-58.6%
CET BuyCENTRAL SECS CORP$462,000
+3.4%
13,706
+7.9%
0.11%
+0.9%
MKL SellMARKEL CORP$434,000
-66.4%
400
-60.0%
0.10%
-67.4%
SellSEVEN HILLS REALTY TRUST$278,000
-77.6%
30,482
-73.7%
0.07%
-78.2%
IAC NewIAC INC$277,0005,0000.07%
SAND NewSANDSTORM GOLD LTD$259,00050,0000.06%
WOW BuyWIDEOPENWEST INC$153,000
-15.9%
12,500
+25.0%
0.04%
-20.0%
AGI NewALAMOS GOLD INCORPORATED$148,00020,0000.04%
BuyALPHA TAU MEDICAL LTD*w exp 03/07/2028$45,000
+87.5%
100,000
+100.0%
0.01%
+83.3%
NSRXD ExitNOMAD ROYALTY COMPANY LIMITED$0-20,000-0.03%
INSW ExitINTERNATIONAL SEAWAYS INC$0-13,842-0.07%
CMCT ExitCREATIVE MEDIA & CMNTY TR$0-52,871-0.09%
NLS ExitNAUTILUS INC$0-250,000-0.11%
PSMT ExitPRICESMART INC$0-6,553-0.12%
EXTN ExitEXTERRAN CORPORATION$0-1,137,120-1.20%
Q2 2022
 Value Shares↓ Weighting
BLDR NewBUILDERS FIRSTSOURCE INC$95,895,0001,785,75423.46%
TDW NewTIDEWATER INC$58,025,0002,751,30514.19%
WFG NewWEST FRASER TIMBER CO LTD$25,127,000327,5016.15%
LXU NewLSB INDS INC$23,422,0001,689,9235.73%
WLK NewWESTLAKE CHEM CORP$22,582,000230,3815.52%
SKY NewSKYLINE CORP$12,465,000262,8703.05%
JEF NewJEFFERIES FINL GROUP INC$12,035,000435,7412.94%
CNQ NewCANADIAN NAT RES LTD$9,629,000179,2342.36%
LECO NewLINCOLN ELEC HLDGS INC$8,670,00070,2782.12%
IIIN NewINSTEEL INDUSTRIES INC$8,618,000255,9612.11%
NE NewNOBLE CORP NEW$8,472,000334,2202.07%
CVCO NewCAVCO INDS INC DEL$7,953,00040,5801.94%
DAN NewDANA HOLDING CORP$7,577,000538,5101.85%
EAF NewGRAFTECH INTERNATIONAL$6,472,000915,5131.58%
WDC NewWESTERN DIGITAL CORP$6,353,000141,7011.55%
OLN NewOLIN CORP NEW$6,175,000133,4411.51%
UMH NewU M H PROPERTIES INC$5,902,000334,2051.44%
AXR NewAMREP CORP NEW$5,800,000516,9331.42%
RDNT NewRADNET INC$5,406,000312,8351.32%
EXTN NewEXTERRAN CORPORATION$4,889,0001,137,1201.20%
MEI NewMETHODE ELECTRONICS INC$4,081,000110,1861.00%
FTI NewTECHNIPFMC PLC$3,990,000592,9490.98%
LPX NewLOUISIANA PAC CORP$3,872,00073,8800.95%
CC NewCHEMOURS CO$3,858,000120,4950.94%
SMHI NewSEACOR MARINE HOLDINGS INC$3,745,000650,2230.92%
AER NewAERCAP HOLDINGS NV$3,274,00079,9650.80%
TECK NewTECK RESOURCES INCcl b$3,057,000100,0000.75%
SPOT NewSPOTIFY TECHNOLOGY S A$2,721,00029,0000.67%
TNL NewTRAVEL PLUS LEISURE CO$2,641,00068,0350.65%
CSIQ NewCANADIAN SOLAR INC$2,575,00082,7070.63%
BVH NewBLUEGREEN VACATIONS HLDG CORPcl a$2,406,00096,3990.59%
LEGH NewLEGACY HOUSING CORP$2,367,000181,3450.58%
ALSN NewALLISON TRANSMISSION HLDGS INC$2,285,00059,4400.56%
VAL NewVALARIS LIMITEDcl a$2,112,00050,0000.52%
SE NewSEA LTDsponsored ads$2,006,00030,0000.49%
GRIN NewGRINDROD SHIPPING HOLDINGS L$1,715,000100,0000.42%
FRPH NewFRP HLDGS INCORPORATED$1,697,00028,1130.42%
AEO NewAMERICAN EAGLE OUTFITTERS NE$1,481,000132,4840.36%
CACI NewCACI INTL INCcl a$1,409,0005,0000.34%
GIB NewCGI INCcl a sub vtg$1,354,00017,0000.33%
MKL NewMARKEL CORP$1,293,0001,0000.32%
NewSEVEN HILLS REALTY TRUST$1,239,000116,0530.30%
LBRDA NewLIBERTY BROADBAND CORP$1,136,00010,0000.28%
UHAL NewAMERCO$956,0002,0000.23%
VOYA NewVOYA FINANCIAL INC$952,00016,0000.23%
TRQ NewTURQUOISE HILL RES LTD$803,00030,0000.20%
MS NewMORGAN STANLEY$624,0008,2150.15%
PLPC NewPREFORMED LINE PRODS CO$615,00010,0000.15%
PBR NewPETROLEO BRASILEIRO SA PETROsponsored adr$584,00050,0000.14%
NewWATSCO INC$537,0002,2500.13%
FNV NewFRANCO NEV CORP$526,0004,0000.13%
PSMT NewPRICESMART INC$470,0006,5530.12%
FPH NewFIVE POINT HOLDINGS LLC$448,000114,5000.11%
CET NewCENTRAL SECS CORP$447,00012,7060.11%
NLS NewNAUTILUS INC$438,000250,0000.11%
AEM NewAGNICO EAGLE MINES LTD$431,0009,4130.10%
PHX NewPHX MINERALS INCcl a$392,000129,0590.10%
MSGS NewMADISON SQUARE GRDN SPRT CORcl a$378,0002,5000.09%
CMCT NewCREATIVE MEDIA & CMNTY TR$375,00052,8710.09%
LSXMA NewLIBERTY MEDIA CORP DEL$360,00010,0000.09%
AEIS NewADVANCED ENERGY INDS$345,0004,7250.08%
INSW NewINTERNATIONAL SEAWAYS INC$293,00013,8420.07%
MRK NewMERCK & CO INC NEW$274,0003,0000.07%
DMLP NewDORCHESTER MINERALS$215,0009,0250.05%
WOW NewWIDEOPENWEST INC$182,00010,0000.04%
NSRXD NewNOMAD ROYALTY COMPANY LIMITED$141,00020,0000.03%
FTK NewFLOTEK INDUSTRIES INC$99,000100,0000.02%
TDWWSB NewTIDEWATER INC*w exp 07/31/202$80,000245,0050.02%
TDWWSA NewTIDEWATER INC*w exp 07/31/202$57,00086,6030.01%
NewALPHA TAU MEDICAL LTD*w exp 03/07/2028$24,00050,0000.01%
Q4 2021
 Value Shares↓ Weighting
TDWWSA ExitTIDEWATER INC*w exp 07/31/202$0-109,852-0.02%
PBR ExitPETROLEO BRASILEIRO SA PETROsponsored adr$0-18,250-0.04%
TDWWSB ExitTIDEWATER INC*w exp 07/31/202$0-280,207-0.04%
CMI ExitCUMMINS INC$0-930-0.05%
CET ExitCENTRAL SECS CORP$0-5,242-0.05%
MRK ExitMERCK & CO INC NEW$0-3,000-0.05%
INSW ExitINTERNATIONAL SEAWAYS INC$0-13,842-0.06%
BXMT ExitBLACKSTONE MTG TR INC$0-9,000-0.06%
VIV ExitTELEFONICA BRASIL SAnew adr$0-40,000-0.07%
UHAL ExitAMERCO$0-500-0.07%
AEIS ExitADVANCED ENERGY INDS$0-4,725-0.10%
LHX ExitL3HARRIS TECHNOLOGIES INC$0-1,900-0.10%
PSMT ExitPRICESMART INC$0-5,553-0.10%
TRQ ExitTURQUOISE HILL RES LTD$0-30,000-0.10%
GOLD ExitBARRICK GOLD CORP$0-25,000-0.10%
ATUS ExitALTICE USA INCcl a$0-22,000-0.10%
LSXMA ExitLIBERTY MEDIA CORP DEL$0-11,000-0.12%
KL ExitKIRKLAND LAKE GOLD LTD$0-14,000-0.13%
MKL ExitMARKEL CORP$0-500-0.14%
MMC ExitMARSH & MCLENNAN COS INC$0-4,000-0.14%
RMRM ExitRMR MORTGAGE TR$0-62,301-0.15%
PLPC ExitPREFORMED LINE PRODS CO$0-10,000-0.15%
MS ExitMORGAN STANLEY$0-7,000-0.16%
FTI ExitTECHNIPFMC PLC$0-99,406-0.17%
CSV ExitCARRIAGE SVCS INC$0-17,106-0.18%
GIB ExitCGI INCcl a sub vtg$0-9,000-0.18%
LBRDA ExitLIBERTY BROADBAND CORP$0-5,000-0.19%
VOYA ExitVOYA FINANCIAL INC$0-14,000-0.20%
EXTN ExitEXTERRAN CORPORATION$0-202,500-0.21%
CACI ExitCACI INTL INCcl a$0-4,000-0.24%
EQC ExitEQUITY COMWLTH$0-43,000-0.26%
FRPH ExitFRP HLDGS INCORPORATED$0-25,113-0.32%
FPH ExitFIVE POINT HOLDINGS LLC$0-184,500-0.33%
ESTC ExitELASTIC N V$0-10,000-0.34%
LPX ExitLOUISIANA PAC CORP$0-25,550-0.36%
VAL ExitVALARIS LIMITEDcl a$0-50,000-0.40%
SMHI ExitSEACOR MARINE HOLDINGS INC$0-384,213-0.41%
PHX ExitPHX MINERALS INCcl a$0-619,177-0.44%
ALSN ExitALLISON TRANSMISSION HLDGS INC$0-57,980-0.47%
UBER ExitUBER TECHNOLOGIES INC$0-50,000-0.51%
BVH ExitBLUEGREEN VACATIONS HLDG CORPcl a$0-98,311-0.58%
AEO ExitAMERICAN EAGLE OUTFITTERS NE$0-106,173-0.63%
CSIQ ExitCANADIAN SOLAR INC$0-82,107-0.69%
SPOT ExitSPOTIFY TECHNOLOGY S A$0-14,000-0.72%
BRKB ExitBERKSHIRE HATHAWAY INC DELcl b$0-11,932-0.75%
LEGH ExitLEGACY HOUSING CORP$0-183,110-0.76%
CC ExitCHEMOURS CO$0-121,895-0.81%
GAN ExitGAN LIMITED$0-238,748-0.81%
TNL ExitTRAVEL PLUS LEISURE CO$0-68,610-0.86%
CMCT ExitCIM COMMERCIAL TRUST$0-420,550-0.87%
VWTR ExitVIDLER WATER RESOURCES INC$0-370,661-0.97%
AER ExitAERCAP HOLDINGS NV$0-80,549-1.07%
MEI ExitMETHODE ELECTRONICS INC$0-111,181-1.07%
OLN ExitOLIN CORP NEW$0-108,805-1.20%
EAF ExitGRAFTECH INTERNATIONAL$0-710,675-1.68%
CNQ ExitCANADIAN NAT RES LTD$0-202,619-1.70%
UMH ExitU M H PROPERTIES INC$0-339,237-1.78%
WDC ExitWESTERN DIGITAL CORP$0-142,878-1.85%
AXR ExitAMREP CORP NEW$0-518,305-1.87%
NE ExitNOBLE CORP NEW$0-307,500-1.91%
LECO ExitLINCOLN ELEC HLDGS INC$0-66,010-1.95%
RDNT ExitRADNET INC$0-318,050-2.14%
SE ExitSEA LTDsponsored ads$0-30,000-2.19%
CVCO ExitCAVCO INDS INC DEL$0-40,705-2.21%
IIIN ExitINSTEEL INDUSTRIES INC$0-258,650-2.26%
DAN ExitDANA HOLDING CORP$0-520,940-2.66%
SKY ExitSKYLINE CORP$0-213,480-2.94%
LXU ExitLSB INDS INC$0-1,372,157-3.21%
JEF ExitJEFFERIES FINL GROUP INC$0-446,970-3.81%
WLK ExitWESTLAKE CHEM CORP$0-230,970-4.83%
TDW ExitTIDEWATER INC$0-2,519,049-6.97%
WFG ExitWEST FRASER TIMBER CO LTD$0-424,747-8.21%
BLDR ExitBUILDERS FIRSTSOURCE INC$0-2,251,727-26.73%
Q3 2021
 Value Shares↓ Weighting
BLDR SellBUILDERS FIRSTSOURCE INC$116,504,000
+19.4%
2,251,727
-1.6%
26.73%
+9.1%
WFG BuyWEST FRASER TIMBER CO LTD$35,776,000
+17.7%
424,747
+0.2%
8.21%
+7.6%
WLK BuyWESTLAKE CHEM CORP$21,051,000
+1.4%
230,970
+0.3%
4.83%
-7.3%
JEF SellJEFFERIES FINL GROUP INC$16,596,000
+8.2%
446,970
-0.4%
3.81%
-1.1%
LXU SellLSB INDS INC$14,010,000
+68.3%
1,372,157
-0.3%
3.21%
+53.9%
DAN BuyDANA HOLDING CORP$11,586,000
-6.3%
520,940
+0.1%
2.66%
-14.4%
IIIN BuyINSTEEL INDUSTRIES INC$9,842,000
+18.9%
258,650
+0.5%
2.26%
+8.7%
RDNT BuyRADNET INC$9,322,000
-12.9%
318,050
+0.1%
2.14%
-20.4%
LECO BuyLINCOLN ELEC HLDGS INC$8,502,000
-1.6%
66,010
+0.6%
1.95%
-10.1%
NE BuyNOBLE CORP NEW$8,321,000
+485.2%
307,500
+434.8%
1.91%
+434.7%
WDC SellWESTERN DIGITAL CORP$8,064,000
-20.8%
142,878
-0.1%
1.85%
-27.6%
UMH SellU M H PROPERTIES INC$7,768,000
+4.3%
339,237
-0.6%
1.78%
-4.7%
CNQ SellCANADIAN NAT RES LTD$7,403,000
+0.5%
202,619
-0.2%
1.70%
-8.2%
EAF BuyGRAFTECH INTERNATIONAL$7,334,000
-10.2%
710,675
+1.1%
1.68%
-17.9%
OLN BuyOLIN CORP NEW$5,250,000
+5.2%
108,805
+0.8%
1.20%
-3.9%
MEI BuyMETHODE ELECTRONICS INC$4,675,000
-13.9%
111,181
+0.8%
1.07%
-21.2%
AER BuyAERCAP HOLDINGS NV$4,657,000
+13.5%
80,549
+0.5%
1.07%
+3.7%
CMCT SellCIM COMMERCIAL TRUST$3,810,000
-9.0%
420,550
-10.1%
0.87%
-16.8%
TNL NewTRAVEL PLUS LEISURE CO$3,741,00068,6100.86%
LEGH BuyLEGACY HOUSING CORP$3,290,000
+7.5%
183,110
+1.2%
0.76%
-1.7%
BRKB SellBERKSHIRE HATHAWAY INC DELcl b$3,257,000
-4.8%
11,932
-3.1%
0.75%
-13.0%
CSIQ BuyCANADIAN SOLAR INC$2,998,000
-18.0%
82,107
+0.6%
0.69%
-25.1%
AEO BuyAMERICAN EAGLE OUTFITTERS NE$2,739,000
-31.0%
106,173
+0.3%
0.63%
-37.0%
PHX SellPHX MINERALS INCcl a$1,895,000
-18.2%
619,177
-0.6%
0.44%
-25.3%
SMHI BuySEACOR MARINE HOLDINGS INC$1,779,000
+5.4%
384,213
+0.4%
0.41%
-3.8%
LPX BuyLOUISIANA PAC CORP$1,568,000
+4.0%
25,550
+2.2%
0.36%
-4.8%
FRPH BuyFRP HLDGS INCORPORATED$1,404,000
+0.5%
25,113
+0.1%
0.32%
-8.3%
EQC BuyEQUITY COMWLTH$1,117,000
+89.3%
43,000
+91.1%
0.26%
+73.0%
EXTN SellEXTERRAN CORPORATION$899,000
-40.2%
202,500
-35.9%
0.21%
-45.4%
GIB BuyCGI INCcl a sub vtg$763,000
+5.2%
9,000
+12.5%
0.18%
-3.8%
FTI BuyTECHNIPFMC PLC$749,000
-16.4%
99,406
+0.4%
0.17%
-23.6%
MS SellMORGAN STANLEY$681,000
-17.5%
7,000
-22.2%
0.16%
-24.6%
KL BuyKIRKLAND LAKE GOLD LTD$582,000
+115.6%
14,000
+100.0%
0.13%
+97.1%
LSXMA SellLIBERTY MEDIA CORP DEL$519,000
-20.4%
11,000
-21.4%
0.12%
-27.4%
ATUS BuyALTICE USA INCcl a$456,000
-33.2%
22,000
+10.0%
0.10%
-38.6%
GOLD BuyBARRICK GOLD CORP$451,000
+8.9%
25,000
+25.0%
0.10%
-1.0%
LHX SellL3HARRIS TECHNOLOGIES INC$418,000
-43.1%
1,900
-44.1%
0.10%
-47.8%
UHAL SellAMERCO$323,000
-45.2%
500
-50.0%
0.07%
-50.0%
BXMT NewBLACKSTONE MTG TR INC$273,0009,0000.06%
INSW NewINTERNATIONAL SEAWAYS INC$252,00013,8420.06%
TDWWSB SellTIDEWATER INC*w exp 07/31/202$194,000
-29.2%
280,207
-0.0%
0.04%
-34.8%
PBR SellPETROLEO BRASILEIRO SA PETROsponsored adr$189,000
-69.1%
18,250
-63.5%
0.04%
-72.1%
LQDT ExitLIQUIDITY SERVICES INC$0-7,950-0.05%
GES ExitGUESS INC$0-7,800-0.05%
ExitDIAMOND S SHIPPING INC$0-25,000-0.06%
NWHM ExitNEW HOME CO$0-100,000-0.15%
Q2 2021
 Value Shares↓ Weighting
BLDR NewBUILDERS FIRSTSOURCE INC$97,601,0002,287,89124.50%
WFG NewWEST FRASER TIMBER CO LTD$30,393,000423,9777.63%
TDW NewTIDEWATER INC$30,355,0002,519,0497.62%
WLK NewWESTLAKE CHEM CORP$20,755,000230,3805.21%
JEF NewJEFFERIES FINL GROUP INC$15,340,000448,5503.85%
DAN NewDANA HOLDING CORP$12,367,000520,5003.10%
SKY NewSKYLINE CORP$11,378,000213,4802.86%
RDNT NewRADNET INC$10,701,000317,6402.69%
WDC NewWESTERN DIGITAL CORP$10,179,000143,0302.56%
CVCO NewCAVCO INDS INC DEL$9,044,00040,7052.27%
LECO NewLINCOLN ELEC HLDGS INC$8,644,00065,6262.17%
LXU NewLSB INDS INC$8,322,0001,375,7922.09%
IIIN NewINSTEEL INDUSTRIES INC$8,277,000257,4552.08%
SE NewSEA LTDsponsored ads$8,238,00030,0002.07%
EAF NewGRAFTECH INTERNATIONAL$8,171,000703,2502.05%
UMH NewU M H PROPERTIES INC$7,448,000341,3271.87%
CNQ NewCANADIAN NAT RES LTD$7,368,000203,0941.85%
AXR NewAMREP CORP NEW$6,043,000518,3051.52%
MEI NewMETHODE ELECTRONICS INC$5,428,000110,3011.36%
OLN NewOLIN CORP NEW$4,991,000107,9051.25%
VWTR NewVIDLER WATER RESOURCES INC$4,930,000370,6611.24%
CC NewCHEMOURS CO$4,242,000121,8951.06%
CMCT NewCIM COMMERCIAL TRUST$4,185,000467,5501.05%
AER NewAERCAP HOLDINGS NV$4,104,00080,1441.03%
AEO NewAMERICAN EAGLE OUTFITTERS NE$3,971,000105,8181.00%
GAN NewGAN LIMITED$3,925,000238,7480.98%
SPOT NewSPOTIFY TECHNOLOGY S A$3,858,00014,0000.97%
CSIQ NewCANADIAN SOLAR INC$3,658,00081,5870.92%
BRKB NewBERKSHIRE HATHAWAY INC DELcl b$3,423,00012,3150.86%
LEGH NewLEGACY HOUSING CORP$3,061,000181,0200.77%
UBER NewUBER TECHNOLOGIES INC$2,506,00050,0000.63%
PHX NewPHX MINERALS INCcl a$2,318,000623,0270.58%
ALSN NewALLISON TRANSMISSION HLDGS INC$2,304,00057,9800.58%
BVH NewBLUEGREEN VACATIONS HLDG CORPcl a$1,770,00098,3110.44%
SMHI NewSEACOR MARINE HOLDINGS INC$1,688,000382,8430.42%
LPX NewLOUISIANA PAC CORP$1,507,00025,0000.38%
EXTN NewEXTERRAN CORPORATION$1,503,000315,7870.38%
FPH NewFIVE POINT HOLDINGS LLC$1,491,000184,5000.37%
ESTC NewELASTIC N V$1,458,00010,0000.37%
VAL NewVALARIS LIMITEDcl a$1,444,00050,0000.36%
NE NewNOBLE CORP NEW$1,422,00057,5000.36%
FRPH NewFRP HLDGS INCORPORATED$1,397,00025,0870.35%
CACI NewCACI INTL INCcl a$1,020,0004,0000.26%
FTI NewTECHNIPFMC PLC$896,00098,9810.22%
VOYA NewVOYA FINANCIAL INC$861,00014,0000.22%
LBRDA NewLIBERTY BROADBAND CORP$841,0005,0000.21%
MS NewMORGAN STANLEY$825,0009,0000.21%
PLPC NewPREFORMED LINE PRODS CO$742,00010,0000.19%
RMRM NewRMR MORTGAGE TR$743,00062,3010.19%
LHX NewL3HARRIS TECHNOLOGIES INC$735,0003,4000.18%
GIB NewCGI INCcl a sub vtg$725,0008,0000.18%
ATUS NewALTICE USA INCcl a$683,00020,0000.17%
LSXMA NewLIBERTY MEDIA CORP DEL$652,00014,0000.16%
CSV NewCARRIAGE SVCS INC$632,00017,1060.16%
PBR NewPETROLEO BRASILEIRO SA PETROsponsored adr$612,00050,0000.15%
MKL NewMARKEL CORP$593,0005000.15%
UHAL NewAMERCO$589,0001,0000.15%
EQC NewEQUITY COMWLTH$590,00022,5000.15%
NWHM NewNEW HOME CO$587,000100,0000.15%
MMC NewMARSH & MCLENNAN COS INC$563,0004,0000.14%
AEIS NewADVANCED ENERGY INDS$533,0004,7250.13%
PSMT NewPRICESMART INC$505,0005,5530.13%
TRQ NewTURQUOISE HILL RES LTD$506,00030,0000.13%
GOLD NewBARRICK GOLD CORP$414,00020,0000.10%
VIV NewTELEFONICA BRASIL SAnew adr$340,00040,0000.08%
TDWWSB NewTIDEWATER INC*w exp 07/31/202$274,000280,2450.07%
KL NewKIRKLAND LAKE GOLD LTD$270,0007,0000.07%
NewDIAMOND S SHIPPING INC$249,00025,0000.06%
MRK NewMERCK & CO INC NEW$233,0003,0000.06%
CMI NewCUMMINS INC$227,0009300.06%
CET NewCENTRAL SECS CORP$221,0005,2420.06%
GES NewGUESS INC$206,0007,8000.05%
LQDT NewLIQUIDITY SERVICES INC$202,0007,9500.05%
TDWWSA NewTIDEWATER INC*w exp 07/31/202$133,000109,8520.03%
Q4 2020
 Value Shares↓ Weighting
HLX ExitHELIX ENERGY SOLUTIONS$0-12,250-0.01%
LOV ExitSPARK NETWORKS SEsponsored adr$0-14,514-0.03%
TDWWSB ExitTIDEWATER INC*w exp 07/31/202$0-319,763-0.04%
VNTR ExitVENATOR MATLS PLC$0-55,000-0.04%
TDWWSA ExitTIDEWATER INC*w exp 07/31/202$0-247,549-0.05%
DENN ExitDENNYS CORP$0-15,000-0.06%
CACI ExitCACI INTL INCcl a$0-1,000-0.08%
MRK ExitMERCK & CO INC NEW$0-3,000-0.10%
AEIS ExitADVANCED ENERGY INDS$0-4,725-0.12%
LHX ExitL3HARRIS TECHNOLOGIES INC$0-1,800-0.12%
PNC ExitPNC FINL SVCS GROUP INC$0-3,000-0.13%
FPH ExitFIVE POINT HOLDINGS LLC$0-79,500-0.13%
PSMT ExitPRICESMART INC$0-5,553-0.14%
BB ExitBLACKBERRY LTD$0-80,000-0.14%
MS ExitMORGAN STANLEY$0-8,000-0.15%
CSV ExitCARRIAGE SVCS INC$0-18,406-0.16%
VOYA ExitVOYA FINANCIAL INC$0-10,000-0.18%
NWHM ExitNEW HOME CO$0-100,000-0.21%
SMHI ExitSEACOR MARINE HOLDINGS INC$0-287,924-0.23%
FTI ExitTECHNIPFMC PLC$0-98,743-0.24%
ATUS ExitALTICE USA INCcl a$0-25,000-0.25%
UHAL ExitAMERCO$0-2,000-0.28%
EXTN ExitEXTERRAN CORPORATION$0-171,107-0.28%
FRPH ExitFRP HLDGS INCORPORATED$0-19,582-0.32%
ExitBBX CAP CORP NEWcl a$0-79,197-0.41%
ESTC ExitELASTIC N V$0-10,000-0.42%
LPG ExitDORIAN LPG LTD$0-152,244-0.47%
PHX ExitPANHANDLE OIL AND GAS INCcl a$0-934,346-0.52%
AEO ExitAMERICAN EAGLE OUTFITTERS NE$0-106,698-0.61%
UBER ExitUBER TECHNOLOGIES INC$0-50,000-0.70%
AER ExitAERCAP HOLDINGS NV$0-80,375-0.78%
ALSN ExitALLISON TRANSMISSION HLDGS INC$0-59,210-0.80%
WYND ExitWYNDHAM DESTINATIONS INC$0-68,545-0.81%
PICO ExitPICO HLDGS INC$0-248,826-0.86%
CKH ExitSEACOR HOLDINGS INC$0-81,410-0.91%
LEGH ExitLEGACY HOUSING CORP$0-183,880-0.97%
BRKB ExitBERKSHIRE HATHAWAY INC DELcl b$0-12,112-1.00%
CC ExitCHEMOURS CO$0-125,600-1.01%
CSIQ ExitCANADIAN SOLAR INC$0-81,057-1.10%
AXR ExitAMREP CORP NEW$0-512,733-1.11%
IIIN ExitINSTEEL INDUSTRIES INC$0-154,198-1.11%
LXU ExitLSB INDS INC$0-1,783,481-1.12%
MEI ExitMETHODE ELECTRONICS INC$0-109,921-1.21%
CNQ ExitCANADIAN NAT RES LTD$0-203,304-1.26%
SPOT ExitSPOTIFY TECHNOLOGY S A$0-14,000-1.31%
SE ExitSEA LTDsponsored ads$0-25,000-1.49%
UMH ExitU M H PROPERTIES INC$0-332,072-1.74%
RDNT ExitRADNET INC$0-318,950-1.89%
WDC ExitWESTERN DIGITAL CORP$0-146,565-2.07%
SKY ExitSKYLINE CORP$0-218,650-2.26%
EAF ExitGRAFTECH INTERNATIONAL$0-874,595-2.31%
LECO ExitLINCOLN ELEC HLDGS INC$0-65,622-2.33%
DAN ExitDANA HOLDING CORP$0-527,035-2.50%
CVCO ExitCAVCO INDS INC DEL$0-41,121-2.86%
JEF ExitJEFFERIES FINL GROUP INC$0-454,060-3.15%
GAN ExitGAN LIMITED$0-629,748-4.11%
OSB ExitNORBORD INC$0-544,988-6.20%
TDW ExitTIDEWATER INC$0-2,488,217-6.44%
WLK ExitWESTLAKE CHEM CORP$0-267,376-6.52%
BMCH ExitBMC STOCK HOLDINGS INC$0-937,140-15.48%
BLDR ExitBUILDERS FIRSTSOURCE INC$0-1,327,934-16.71%
Q3 2020
 Value Shares↓ Weighting
BLDR SellBUILDERS FIRSTSOURCE INC$43,317,000
+33.5%
1,327,934
-15.3%
16.71%
+19.6%
BMCH SellBMC STOCK HOLDINGS INC$40,138,000
+39.8%
937,140
-17.9%
15.48%
+25.3%
WLK SellWESTLAKE CHEM CORP$16,904,000
+14.1%
267,376
-3.2%
6.52%
+2.3%
TDW SellTIDEWATER INC$16,695,000
+18.3%
2,488,217
-1.4%
6.44%
+6.1%
OSB SellNORBORD INC$16,077,000
+25.5%
544,988
-2.9%
6.20%
+12.5%
GAN SellGAN LIMITED$10,643,000
-52.2%
629,748
-28.0%
4.11%
-57.2%
JEF SellJEFFERIES FINL GROUP INC$8,173,000
+11.3%
454,060
-3.8%
3.15%
-0.3%
CVCO SellCAVCO INDS INC DEL$7,415,000
-8.7%
41,121
-2.4%
2.86%
-18.2%
DAN SellDANA HOLDING CORP$6,493,000
-2.6%
527,035
-3.6%
2.50%
-12.7%
LECO SellLINCOLN ELEC HLDGS INC$6,040,000
+4.3%
65,622
-4.5%
2.33%
-6.5%
EAF SellGRAFTECH INTERNATIONAL$5,982,000
-17.0%
874,595
-3.1%
2.31%
-25.6%
SKY SellSKYLINE CORP$5,853,000
+9.8%
218,650
-0.2%
2.26%
-1.6%
WDC BuyWESTERN DIGITAL CORP$5,357,000
+8.0%
146,565
+30.5%
2.07%
-3.1%
RDNT SellRADNET INC$4,896,000
-7.7%
318,950
-4.6%
1.89%
-17.3%
UMH SellU M H PROPERTIES INC$4,497,000
-10.9%
332,072
-14.9%
1.74%
-20.2%
CNQ SellCANADIAN NAT RES LTD$3,255,000
-10.8%
203,304
-2.9%
1.26%
-20.1%
MEI SellMETHODE ELECTRONICS INC$3,133,000
-12.8%
109,921
-4.3%
1.21%
-21.8%
LXU BuyLSB INDS INC$2,890,000
+57.6%
1,783,481
+12.8%
1.12%
+41.1%
IIIN SellINSTEEL INDUSTRIES INC$2,884,000
-5.8%
154,198
-3.9%
1.11%
-15.5%
AXR SellAMREP CORP NEW$2,871,000
+20.8%
512,733
-2.7%
1.11%
+8.3%
CSIQ BuyCANADIAN SOLAR INC$2,845,000
+648.7%
81,057
+311.2%
1.10%
+569.5%
CC SellCHEMOURS CO$2,626,000
+30.3%
125,600
-4.3%
1.01%
+16.8%
BRKB BuyBERKSHIRE HATHAWAY INC DELcl b$2,580,000
+363.2%
12,112
+287.8%
1.00%
+314.6%
LEGH SellLEGACY HOUSING CORP$2,515,000
-7.0%
183,880
-3.4%
0.97%
-16.7%
CKH SellSEACOR HOLDINGS INC$2,367,000
-0.4%
81,410
-3.0%
0.91%
-10.8%
PICO BuyPICO HLDGS INC$2,229,000
+150.4%
248,826
+135.6%
0.86%
+124.5%
WYND SellWYNDHAM DESTINATIONS INC$2,108,000
+4.3%
68,545
-4.5%
0.81%
-6.6%
ALSN SellALLISON TRANSMISSION HLDGS INC$2,081,000
-9.0%
59,210
-4.8%
0.80%
-18.5%
AER BuyAERCAP HOLDINGS NV$2,025,000
+39.0%
80,375
+69.9%
0.78%
+24.6%
AEO SellAMERICAN EAGLE OUTFITTERS NE$1,580,000
+31.1%
106,698
-3.5%
0.61%
+17.5%
PHX BuyPANHANDLE OIL AND GAS INCcl a$1,336,000
-32.3%
934,346
+26.9%
0.52%
-39.3%
LPG SellDORIAN LPG LTD$1,219,000
+3.4%
152,244
-0.0%
0.47%
-7.5%
ESTC NewELASTIC N V$1,079,00010,0000.42%
NewBBX CAP CORP NEWcl a$1,060,00079,1970.41%
EXTN SellEXTERRAN CORPORATION$712,000
-22.9%
171,107
-0.2%
0.28%
-30.9%
FTI SellTECHNIPFMC PLC$623,000
-9.7%
98,743
-2.1%
0.24%
-19.2%
SMHI SellSEACOR MARINE HOLDINGS INC$585,000
-28.2%
287,924
-9.9%
0.23%
-35.6%
CSV SellCARRIAGE SVCS INC$411,000
+12.9%
18,406
-8.3%
0.16%
+1.3%
FPH BuyFIVE POINT HOLDINGS LLC$331,000
-3.5%
79,500
+6.7%
0.13%
-13.5%
PNC BuyPNC FINL SVCS GROUP INC$330,000
+57.1%
3,000
+50.0%
0.13%
+41.1%
LHX BuyL3HARRIS TECHNOLOGIES INC$306,000
+20.0%
1,800
+20.0%
0.12%
+7.3%
CACI NewCACI INTL INCcl a$213,0001,0000.08%
DENN NewDENNYS CORP$150,00015,0000.06%
TDWWSA SellTIDEWATER INC*w exp 07/31/202$132,000
-4.3%
247,549
-1.4%
0.05%
-13.6%
TDWWSB SellTIDEWATER INC*w exp 07/31/202$96,000
-25.0%
319,763
-3.1%
0.04%
-32.7%
HNRG ExitHALLADOR ENERGY COMPANY$0-10,145-0.00%
ExitVALARIS PLC$0-13,660-0.00%
GCAP ExitGAIN CAPITAL HOLDINGS$0-25,000-0.06%
BBX ExitBBX CAPITAL CORPcl a$0-513,208-0.56%
Q2 2020
 Value Shares↓ Weighting
BLDR NewBUILDERS FIRSTSOURCE INC$32,449,0001,567,58213.97%
BMCH NewBMC STOCK HOLDINGS INC$28,713,0001,142,11512.36%
GAN NewGAN LIMITED$22,269,000875,0009.59%
WLK NewWESTLAKE CHEM CORP$14,812,000276,0786.38%
TDW NewTIDEWATER INC$14,108,0002,523,8286.07%
OSB NewNORBORD INC$12,806,000561,4165.51%
CVCO NewCAVCO INDS INC DEL$8,123,00042,1243.50%
JEF NewJEFFERIES FINL GROUP INC$7,343,000472,2193.16%
EAF NewGRAFTECH INTERNATIONAL$7,204,000902,8553.10%
DAN NewDANA HOLDING CORP$6,664,000546,7402.87%
LECO NewLINCOLN ELEC HLDGS INC$5,789,00068,7122.49%
SKY NewSKYLINE CORP$5,330,000218,9952.30%
RDNT NewRADNET INC$5,305,000334,3002.28%
UMH NewU M H PROPERTIES INC$5,048,000390,3722.17%
WDC NewWESTERN DIGITAL CORP$4,958,000112,2952.13%
CNQ NewCANADIAN NAT RES LTD$3,651,000209,4591.57%
SPOT NewSPOTIFY TECHNOLOGY S A$3,615,00014,0001.56%
MEI NewMETHODE ELECTRONICS INC$3,592,000114,9011.55%
IIIN NewINSTEEL INDUSTRIES INC$3,060,000160,4681.32%
LEGH NewLEGACY HOUSING CORP$2,705,000190,2601.16%
SE NewSEA LTDsponsored ads$2,681,00025,0001.15%
AXR NewAMREP CORP NEW$2,377,000526,9601.02%
CKH NewSEACOR SMIT INC$2,377,00083,9651.02%
ALSN NewALLISON TRANSMISSION HLDGS INC$2,287,00062,1700.98%
WYND NewWYNDHAM DESTINATIONS INC$2,022,00071,7600.87%
CC NewCHEMOURS CO$2,015,000131,2500.87%
PHX NewPANHANDLE OIL AND GAS INCcl a$1,973,000736,1960.85%
LXU NewLSB INDS INC$1,834,0001,581,2170.79%
UBER NewUBER TECHNOLOGIES INC$1,554,00050,0000.67%
AER NewAERCAP HOLDINGS NV$1,457,00047,3100.63%
BBX NewBBX CAPITAL CORPcl a$1,304,000513,2080.56%
AEO NewAMERICAN EAGLE OUTFITTERS NE$1,205,000110,5280.52%
LPG NewDORIAN LPG LTD$1,179,000152,2780.51%
EXTN NewEXTERRAN CORPORATION$924,000171,4070.40%
PICO NewPICO HLDGS INC$890,000105,6060.38%
SMHI NewSEACOR MARINE HOLDINGS INC$815,000319,5250.35%
FRPH NewFRP HLDGS INCORPORATED$795,00019,5820.34%
FTI NewTECHNIPFMC PLC$690,000100,8880.30%
UHAL NewAMERCO$604,0002,0000.26%
ATUS NewALTICE USA INCcl a$564,00025,0000.24%
BRKB NewBERKSHIRE HATHAWAY INC DELcl b$557,0003,1230.24%
VOYA NewVOYA FINANCIAL INC$467,00010,0000.20%
BB NewBLACKBERRY LTD$391,00080,0000.17%
MS NewMORGAN STANLEY$386,0008,0000.17%
CSIQ NewCANADIAN SOLAR INC$380,00019,7100.16%
CSV NewCARRIAGE SVCS INC$364,00020,0660.16%
FPH NewFIVE POINT HOLDINGS LLC$343,00074,5000.15%
NWHM NewNEW HOME CO$336,000100,0000.14%
PSMT NewPRICESMART INC$335,0005,5530.14%
AEIS NewADVANCED ENERGY INDS$320,0004,7250.14%
LHX NewL3HARRIS TECHNOLOGIES INC$255,0001,5000.11%
MRK NewMERCK & CO INC NEW$232,0003,0000.10%
PNC NewPNC FINL SVCS GROUP INC$210,0002,0000.09%
GCAP NewGAIN CAPITAL HOLDINGS$151,00025,0000.06%
TDWWSA NewTIDEWATER INC*w exp 07/31/202$138,000251,0770.06%
TDWWSB NewTIDEWATER INC*w exp 07/31/202$128,000329,8250.06%
VNTR NewVENATOR MATLS PLC$98,00055,0000.04%
LOV NewSPARK NETWORKS SEsponsored adr$48,00014,5140.02%
HLX NewHELIX ENERGY SOLUTIONS$43,00012,2500.02%
NewVALARIS PLC$9,00013,6600.00%
HNRG NewHALLADOR ENERGY COMPANY$7,00010,1450.00%
Q4 2019
 Value Shares↓ Weighting
HDSN ExitHUDSON TECHNOLOGIES INC$0-13,950-0.00%
LQDT ExitLIQUIDITY SERVICES INC$0-10,525-0.02%
LOV ExitSPARK NETWORKS SEsponsored adr$0-14,514-0.02%
HNRG ExitHALLADOR ENERGY COMPANY$0-22,920-0.02%
HLX ExitHELIX ENERGY SOLUTIONS$0-12,250-0.03%
OMN ExitOMNOVA SOLUTIONS INC$0-13,735-0.04%
ExitVALARIS PLC$0-32,918-0.05%
DWSN ExitDAWSON GEOPHYSICAL CO$0-93,818-0.06%
BB ExitBLACKBERRY LTD$0-45,000-0.07%
MRK ExitMERCK & CO INC NEW$0-3,000-0.08%
AEIS ExitADVANCED ENERGY INDS$0-4,725-0.08%
FPH ExitFIVE POINT HOLDINGS LLC$0-40,750-0.09%
TDWWSA ExitTIDEWATER INC*w exp 07/31/202$0-265,203-0.12%
PSMT ExitPRICESMART INC$0-5,553-0.12%
TDWWSB ExitTIDEWATER INC*w exp 07/31/202$0-350,560-0.13%
CSV ExitCARRIAGE SVCS INC$0-22,176-0.14%
WBC ExitWABCO HOLDGS INCORPORATED$0-4,000-0.16%
DHIL ExitDIAMOND HILL INVESTMENT GROUP$0-4,500-0.19%
TKR ExitTIMKEN CO$0-15,725-0.21%
FRPH ExitFRP HLDGS INCORPORATED$0-14,559-0.21%
UHAL ExitAMERCO$0-2,200-0.26%
ATUS ExitALTICE USA INCcl a$0-31,000-0.27%
ROCK ExitGIBRALTAR INDS INC$0-21,733-0.30%
PICO ExitPICO HLDGS INC$0-114,025-0.35%
GCAP ExitGAIN CAPITAL HOLDINGS$0-335,415-0.54%
VNTR ExitVENATOR MATLS PLC$0-736,375-0.55%
GASS ExitSTEALTHGAS INC$0-612,428-0.57%
AEO ExitAMERICAN EAGLE OUTFITTERS NE$0-121,505-0.60%
FTI ExitTECHNIPFMC PLC$0-100,495-0.74%
HP ExitHELMERICH & PAYNE INC$0-61,880-0.76%
BBX ExitBBX CAPITAL CORPcl a$0-541,936-0.77%
SMHI ExitSEACOR MARINE HOLDINGS INC$0-206,216-0.79%
VALPQ ExitVALARIS PLC$0-597,302-0.88%
LPG ExitDORIAN LPG LTD$0-317,234-1.00%
AXR ExitAMREP CORP NEW$0-604,845-1.04%
CKH ExitSEACOR SMIT INC$0-80,006-1.15%
GRUB ExitGRUBHUB$0-70,000-1.20%
IIIN ExitINSTEEL INDUSTRIES INC$0-218,923-1.37%
CNQ ExitCANADIAN NAT RES LTD$0-219,154-1.78%
UMH ExitU M H PROPERTIES INC$0-465,450-2.00%
SKY ExitSKYLINE CORP$0-222,770-2.04%
DAN ExitDANA HOLDING CORP$0-484,680-2.13%
LECO ExitLINCOLN ELEC HLDGS INC$0-86,106-2.28%
EAF ExitGRAFTECH INTERNATIONAL$0-645,630-2.52%
RDNT ExitRADNET INC$0-596,518-2.61%
PHX ExitPANHANDLE OIL AND GAS INCcl a$0-731,111-3.12%
CVCO ExitCAVCO INDS INC DEL$0-53,329-3.12%
LXU ExitLSB INDS INC$0-2,031,425-3.21%
JEF ExitJEFFERIES FINL GROUP INC$0-601,058-3.37%
WDC ExitWESTERN DIGITAL CORP$0-189,573-3.45%
OSB ExitNORBORD INC$0-505,552-3.69%
MEI ExitMETHODE ELECTRONICS INC$0-184,210-5.03%
WLK ExitWESTLAKE CHEM CORP$0-288,908-5.77%
TDW ExitTIDEWATER INC$0-1,284,652-5.92%
EXTN ExitEXTERRAN CORPORATION$0-344,081-9.34%
BLDR ExitBUILDERS FIRSTSOURCE INC$0-1,775,884-11.14%
BMCH ExitBMC STOCK HOLDINGS INC$0-1,562,520-12.47%
Q3 2019
 Value Shares↓ Weighting
BMCH SellBMC STOCK HOLDINGS INC$40,907,000
+20.4%
1,562,520
-2.5%
12.47%
+5.4%
BLDR SellBUILDERS FIRSTSOURCE INC$36,539,000
+15.3%
1,775,884
-5.5%
11.14%
+1.0%
EXTN BuyEXTERRAN CORPORATION$30,613,000
+530.4%
344,081
+0.8%
9.34%
+452.0%
TDW BuyTIDEWATER INC$19,411,000
-25.3%
1,284,652
+16.1%
5.92%
-34.6%
WLK SellWESTLAKE CHEM CORP$18,929,000
-6.1%
288,908
-0.4%
5.77%
-17.8%
MEI BuyMETHODE ELECTRONICS INC$16,481,000
+214.0%
184,210
+0.3%
5.03%
+174.9%
OSB BuyNORBORD INC$12,108,000
-0.6%
505,552
+2.9%
3.69%
-12.9%
WDC BuyWESTERN DIGITAL CORP$11,306,000
+25.8%
189,573
+0.3%
3.45%
+10.2%
JEF BuyJEFFERIES FINL GROUP INC$11,060,000
+19.7%
601,058
+25.1%
3.37%
+4.8%
LXU BuyLSB INDS INC$10,523,000
+37.3%
2,031,425
+3.4%
3.21%
+20.2%
CVCO BuyCAVCO INDS INC DEL$10,244,000
+22.1%
53,329
+0.1%
3.12%
+6.9%
PHX BuyPANHANDLE OIL AND GAS INCcl a$10,221,000
+7.3%
731,111
+0.1%
3.12%
-6.1%
RDNT BuyRADNET INC$8,566,000
+4.5%
596,518
+0.3%
2.61%
-8.5%
EAF BuyGRAFTECH INTERNATIONAL$8,265,000
+36.5%
645,630
+22.6%
2.52%
+19.5%
LECO BuyLINCOLN ELEC HLDGS INC$7,470,000
+5.8%
86,106
+0.4%
2.28%
-7.4%
DAN BuyDANA HOLDING CORP$6,999,000
+91.4%
484,680
+164.4%
2.13%
+67.6%
SKY BuySKYLINE CORP$6,703,000
+10.7%
222,770
+0.7%
2.04%
-3.0%
UMH BuyU M H PROPERTIES INC$6,554,000
+14.6%
465,450
+1.0%
2.00%
+0.4%
CNQ BuyCANADIAN NAT RES LTD$5,836,000
-0.6%
219,154
+0.6%
1.78%
-13.0%
IIIN BuyINSTEEL INDUSTRIES INC$4,494,000
-0.5%
218,923
+0.9%
1.37%
-12.8%
CKH BuySEACOR SMIT INC$3,766,000
+0.7%
80,006
+1.6%
1.15%
-11.9%
AXR BuyAMREP CORP NEW$3,416,000
-16.8%
604,845
+1.0%
1.04%
-27.2%
LPG BuyDORIAN LPG LTD$3,286,000
+14.9%
317,234
+0.0%
1.00%
+0.6%
VALPQ NewVALARIS PLC$2,873,000597,3020.88%
SMHI BuySEACOR MARINE HOLDINGS INC$2,592,000
-13.7%
206,216
+2.7%
0.79%
-24.5%
HP BuyHELMERICH & PAYNE INC$2,479,000
-20.4%
61,880
+0.6%
0.76%
-30.3%
FTI BuyTECHNIPFMC PLC$2,426,000
-6.5%
100,495
+0.5%
0.74%
-18.1%
AEO BuyAMERICAN EAGLE OUTFITTERS NE$1,971,000
-3.3%
121,505
+0.7%
0.60%
-15.4%
GASS BuySTEALTHGAS INC$1,856,000
-11.2%
612,428
+0.9%
0.57%
-22.3%
VNTR BuyVENATOR MATLS PLC$1,797,000
-51.8%
736,375
+4.6%
0.55%
-57.7%
GCAP SellGAIN CAPITAL HOLDINGS$1,771,000
+27.1%
335,415
-0.6%
0.54%
+11.3%
PICO SellPICO HLDGS INC$1,151,000
-13.7%
114,025
-0.7%
0.35%
-24.5%
ROCK SellGIBRALTAR INDS INC$998,000
-25.8%
21,733
-34.8%
0.30%
-35.0%
ATUS SellALTICE USA INCcl a$889,000
+4.3%
31,000
-11.4%
0.27%
-8.8%
FRPH BuyFRP HLDGS INCORPORATED$699,000
-13.6%
14,559
+0.4%
0.21%
-24.5%
TKR BuyTIMKEN CO$684,000
-9.6%
15,725
+6.6%
0.21%
-20.8%
WBC SellWABCO HOLDGS INCORPORATED$535,000
-19.3%
4,000
-20.0%
0.16%
-29.4%
CSV BuyCARRIAGE SVCS INC$453,000
+19.8%
22,176
+11.6%
0.14%
+4.5%
TDWWSB BuyTIDEWATER INC*w exp 07/31/202$420,000
-56.5%
350,560
+0.8%
0.13%
-61.9%
PSMT NewPRICESMART INC$395,0005,5530.12%
TDWWSA BuyTIDEWATER INC*w exp 07/31/202$385,000
-51.8%
265,203
+1.1%
0.12%
-57.9%
BB BuyBLACKBERRY LTD$236,000
+26.2%
45,000
+80.0%
0.07%
+10.8%
NewVALARIS PLC$158,00032,9180.05%
OMN SellOMNOVA SOLUTIONS INC$138,000
-97.5%
13,735
-98.4%
0.04%
-97.8%
HLX NewHELIX ENERGY SOLUTIONS$99,00012,2500.03%
LQDT NewLIQUIDITY SERVICES INC$78,00010,5250.02%
LOV SellSPARK NETWORKS SEsponsored adr$80,000
-69.9%
14,514
-35.7%
0.02%
-74.2%
GLIBA ExitGCI LIBERTY INC$0-4,000-0.09%
ExitTOTAL S Asponsored adr$0-7,935-0.15%
LEGH ExitLEGACY HOUSING COR$0-59,000-0.26%
PCMI ExitPCM, INC$0-25,000-0.30%
MTOR ExitMERITOR INC$0-48,780-0.41%
ESV ExitENSCO PLC$0-626,569-1.86%
Q2 2019
 Value Shares↓ Weighting
BMCH NewBMC STOCK HOLDINGS INC$33,985,0001,603,04511.84%
BLDR NewBUILDERS FIRSTSOURCE INC$31,689,0001,879,52411.04%
TDW NewTIDEWATER INC$25,985,0001,106,6989.05%
WLK NewWESTLAKE CHEM CORP$20,156,000290,1877.02%
OSB NewNORBORD INC$12,178,000491,2094.24%
PHX NewPANHANDLE OIL AND GAS INCcl a$9,527,000730,5473.32%
JEF NewJEFFERIES FINL GROUP INC$9,239,000480,4473.22%
WDC NewWESTERN DIGITAL CORP$8,987,000189,0053.13%
CVCO NewCAVCO INDS INC DEL$8,392,00053,2692.92%
RDNT NewRADNET INC$8,200,000594,6682.86%
LXU NewLSB INDS INC$7,663,0001,964,7992.67%
LECO NewLINCOLN ELEC HLDGS INC$7,060,00085,7662.46%
EAF NewGRAFTECH INTERNATIONAL$6,055,000526,5802.11%
SKY NewSKYLINE CORP$6,054,000221,1202.11%
CNQ NewCANADIAN NAT RES LTD$5,873,000217,7492.04%
UMH NewU M H PROPERTIES INC$5,721,000461,0251.99%
GRUB NewGRUBHUB$5,459,00070,0001.90%
OMN NewOMNOVA SOLUTIONS INC$5,452,000875,2491.90%
ESV NewENSCO PLC$5,345,000626,5691.86%
MEI NewMETHODE ELECTRONICS INC$5,248,000183,6901.83%
EXTN NewEXTERRAN CORPORATION$4,856,000341,4611.69%
IIIN NewINSTEEL INDUSTRIES INC$4,515,000216,8731.57%
AXR NewAMREP CORP NEW$4,108,000598,8071.43%
CKH NewSEACOR HOLDINGS INC$3,740,00078,7361.30%
VNTR NewVENATOR MATLS PLC$3,725,000704,1751.30%
DAN NewDANA HOLDING CORP$3,656,000183,3151.27%
HP NewHELMERICH & PAYNE INC$3,114,00061,5131.08%
SMHI NewSEACOR MARINE HOLDINGS INC$3,004,000200,8261.05%
LPG NewDORIAN LPG LTD$2,860,000317,1171.00%
BBX NewBBX CAPITAL CORPcl a$2,661,000541,9360.93%
FTI NewTECHNIPFMC PLC$2,595,000100,0400.90%
GASS NewSTEALTHGAS INC$2,089,000607,0280.73%
AEO NewAMERICAN EAGLE OUTFITTERS NE$2,038,000120,6050.71%
GCAP NewGAIN CAPITAL HOLDINGS$1,393,000337,3650.48%
ROCK NewGIBRALTAR INDS INC$1,345,00033,3340.47%
PICO NewPICO HLDGS INC$1,334,000114,7850.46%
MTOR NewMERITOR INC$1,183,00048,7800.41%
TDWWSB NewTIDEWATER INC*w exp 07/31/202$966,000347,7280.34%
PCMI NewPCM, INC$876,00025,0000.30%
ATUS NewALTICE USA INCcl a$852,00035,0000.30%
UHAL NewAMERCO$833,0002,2000.29%
FRPH NewFRP HLDGS INCORPORATED$809,00014,5000.28%
TDWWSA NewTIDEWATER INC*w exp 07/31/202$799,000262,1940.28%
TKR NewTIMKEN CO$757,00014,7500.26%
LEGH NewLEGACY HOUSING COR$735,00059,0000.26%
WBC NewWABCO HOLDGS INCORPORATED$663,0005,0000.23%
DHIL NewDIAMOND HILL INVESTMENT GROUP$638,0004,5000.22%
NewTOTAL S Asponsored adr$443,0007,9350.15%
CSV NewCARRIAGE SVCS INC$378,00019,8760.13%
FPH NewFIVE POINT HOLDINGS LLC$306,00040,7500.11%
AEIS NewADVANCED ENERGY INDS$266,0004,7250.09%
LOV NewSPARK NETWORKS SEsponsored adr$266,00022,5870.09%
MRK NewMERCK & CO INC NEW$252,0003,0000.09%
GLIBA NewGCI LIBERTY INC$246,0004,0000.09%
DWSN NewDAWSON GEOPHYSICAL CO$235,00093,8180.08%
BB NewBLACKBERRY LTD$187,00025,0000.06%
HNRG NewHALLADOR ENERGY COMPANY$130,00022,9200.04%
HDSN NewHUDSON TECHNOLOGIES INC$12,00013,9500.00%
Q4 2018
 Value Shares↓ Weighting
ExitECO STIM ENERGY SOLUTIONS$0-25,000-0.00%
HDSN ExitHUDSON TECHNOLOGIES INC$0-13,950-0.01%
DHX ExitDHI GROUP INC$0-12,440-0.01%
LQDT ExitLIQUIDITY SERVICES INC$0-11,475-0.02%
HBP ExitHUTTING BUILDING PRODUCTS I$0-25,000-0.03%
BB ExitBLACKBERRY LTD$0-10,000-0.03%
HLX ExitHELIX ENERGY SOLUTIONS GROUP INC$0-12,250-0.03%
ExitCSI COMPRESSCO LP$0-32,020-0.04%
GCAP ExitGAIN CAPITAL HOLDINGS$0-25,000-0.04%
MRK ExitMERCK & CO INC NEW$0-3,000-0.06%
NWLI ExitNATIONAL WESTN LIFE INS COcl a$0-727-0.06%
LBRDA ExitLIBERTY BROADBAND CORP$0-3,000-0.07%
HNRG ExitHALLADOR ENERGY COMPANY$0-42,919-0.07%
AEIS ExitADVANCED ENERGY INDS$0-5,325-0.07%
BDC ExitBELDEN INC$0-4,000-0.08%
SPB ExitSPECTRUM BRANDS HOLDINGS INC$0-4,000-0.08%
LOV ExitSPARK NETWORKS SEsponsored adr$0-26,978-0.08%
BRKB ExitBERKSHIRE HATHAWAY INC DELcl b$0-1,674-0.09%
GTN ExitGRAY TELEVISION INC$0-21,411-0.10%
ELF ExitE L F BEAUTY INC$0-35,000-0.12%
PSMT ExitPRICESMART INC$0-5,553-0.12%
PCMI ExitPCM, INC$0-26,791-0.14%
GLW ExitCORNING INC$0-15,040-0.14%
ATUS ExitALTICE USA INCcl a$0-30,000-0.14%
TKR ExitTIMKEN CO$0-13,725-0.18%
VNTR ExitVENATOR MATLS PLC$0-80,000-0.19%
DHIL ExitDIAMOND HILL INVESTMENT GROUP$0-5,500-0.24%
UHAL ExitAMERCO$0-2,600-0.24%
GLIBA ExitGCI LIBERTY INC$0-19,000-0.26%
TDWWSA ExitTIDEWATER INC*w exp 07/31/202$0-276,476-0.30%
RVI ExitRETAIL VENTURES INC$0-35,419-0.30%
TDWWSB ExitTIDEWATER INC*w exp 07/31/202$0-369,958-0.35%
FRAN ExitFRANCESCA HLDGS CORP$0-368,425-0.36%
DWSN ExitDAWSON GEOPHYSICAL CO$0-230,267-0.38%
ROCK ExitGIBRALTAR INDS INC$0-35,429-0.42%
PICO ExitPICO HLDGS INC$0-134,665-0.44%
ETM ExitENTERCOMcl a$0-248,240-0.52%
NKE ExitNIKE INCcl b$0-25,000-0.56%
GLF ExitGULFMARK OFFSHORE INC$0-61,700-0.61%
GASS ExitSTEALTHGAS INC$0-803,831-0.75%
AEO ExitAMERICAN EAGLE OUTFITTERS NE$0-134,317-0.88%
WDC ExitWESTERN DIGITAL CORP$0-57,015-0.88%
FTI ExitTECHNIPFMC PLC$0-117,847-0.97%
CKH ExitSEACOR HOLDINGS INC$0-84,251-1.10%
SBUX ExitSTARBUCKS CORP$0-75,000-1.12%
LPG ExitDORIAN LPG LTD$0-542,709-1.14%
SKY ExitSKYLINE CORP$0-155,200-1.17%
BBX ExitBBX CAPITAL CORPcl a$0-602,219-1.18%
SMHI ExitSEACOR MARINE HOLDINGS INC$0-200,104-1.19%
DAN ExitDANA HOLDING CORP$0-252,945-1.24%
HP ExitHELMERICH & PAYNE INC$0-70,423-1.28%
AXR ExitAMREP CORP NEW$0-688,982-1.33%
CNQ ExitCANADIAN NAT RES LTD$0-213,259-1.83%
MEI ExitMETHODE ELECTRONICS INC$0-209,697-2.00%
UMH ExitU M H PROPERTIES INC$0-503,975-2.08%
IIIN ExitINSTEEL INDUSTRIES INC$0-235,020-2.22%
LECO ExitLINCOLN ELEC HLDGS INC$0-95,856-2.36%
EXTN ExitEXTERRAN CORPORATION$0-362,472-2.53%
OMN ExitOMNOVA SOLUTIONS INC$0-981,270-2.54%
RDNT ExitRADNET INC$0-804,130-3.19%
JEF ExitJEFFERIES FINL GROUP INC$0-560,426-3.24%
PHX ExitPANHANDLE OIL AND GAS INCcl a$0-755,732-3.67%
ESV ExitENSCO PLC$0-2,027,275-4.50%
TDW ExitTIDEWATER INC$0-632,382-5.19%
OSB ExitNORBORD INC$0-619,894-5.41%
WLK ExitWESTLAKE CHEM CORP$0-261,970-5.73%
LXU ExitLSB INDS INC$0-2,470,573-6.36%
CVCO ExitCAVCO INDS INC DEL$0-111,877-7.45%
BLDR ExitBUILDERS FIRSTSOURCE INC$0-2,075,205-8.02%
BMCH ExitBMC STOCK HOLDINGS INC$0-2,131,935-10.47%
Q3 2018
 Value Shares↓ Weighting
BMCH SellBMC STOCK HOLDINGS INC$39,760,000
-14.3%
2,131,935
-4.2%
10.47%
-13.4%
BLDR BuyBUILDERS FIRSTSOURCE INC$30,464,000
-19.4%
2,075,205
+0.4%
8.02%
-18.6%
CVCO SellCAVCO INDS INC DEL$28,305,000
+8.4%
111,877
-11.0%
7.45%
+9.6%
LXU SellLSB INDS INC$24,162,000
+82.5%
2,470,573
-1.1%
6.36%
+84.4%
WLK BuyWESTLAKE CHEM CORP$21,772,000
-22.4%
261,970
+0.5%
5.73%
-21.6%
OSB BuyNORBORD INC$20,562,000
-15.4%
619,894
+4.9%
5.41%
-14.5%
TDW SellTIDEWATER INC$19,724,000
+2.9%
632,382
-4.5%
5.19%
+4.0%
ESV SellENSCO PLC$17,110,000
+16.1%
2,027,275
-0.1%
4.50%
+17.3%
PHX SellPANHANDLE OIL AND GAS INCcl a$13,943,000
-3.5%
755,732
-0.1%
3.67%
-2.5%
JEF SellJEFFERIES FINL GROUP INC$12,307,000
-3.9%
560,426
-0.5%
3.24%
-2.9%
RDNT SellRADNET INC$12,102,000
-0.6%
804,130
-0.9%
3.19%
+0.4%
OMN SellOMNOVA SOLUTIONS INC$9,666,000
-6.0%
981,270
-0.8%
2.54%
-5.0%
EXTN SellEXTERRAN CORPORATION$9,616,000
+5.2%
362,472
-0.7%
2.53%
+6.3%
LECO BuyLINCOLN ELEC HLDGS INC$8,956,000
+6.7%
95,856
+0.2%
2.36%
+7.8%
IIIN BuyINSTEEL INDUSTRIES INC$8,433,000
+7.5%
235,020
+0.1%
2.22%
+8.6%
UMH BuyU M H PROPERTIES INC$7,882,000
+2.8%
503,975
+0.9%
2.08%
+3.9%
MEI BuyMETHODE ELECTRONICS INC$7,591,000
-9.8%
209,697
+0.4%
2.00%
-8.8%
CNQ BuyCANADIAN NAT RES LTD$6,965,000
-9.2%
213,259
+0.3%
1.83%
-8.2%
AXR BuyAMREP CORP NEW$5,036,000
+2.5%
688,982
+0.0%
1.33%
+3.6%
HP SellHELMERICH & PAYNE INC$4,843,000
+7.6%
70,423
-0.2%
1.28%
+8.8%
DAN BuyDANA HOLDING CORP$4,722,000
+139.1%
252,945
+158.6%
1.24%
+141.4%
SMHI SellSEACOR MARINE HOLDINGS INC$4,528,000
-2.6%
200,104
-0.6%
1.19%
-1.6%
BBX SellBBX CAPITAL CORPcl a$4,468,000
-20.1%
602,219
-2.7%
1.18%
-19.3%
SKY BuySKYLINE CORP$4,434,000
+9.8%
155,200
+34.6%
1.17%
+10.8%
LPG BuyDORIAN LPG LTD$4,326,000
+9.3%
542,709
+4.7%
1.14%
+10.5%
CKH BuySEACOR HOLDINGS INC$4,163,000
-13.3%
84,251
+0.5%
1.10%
-12.4%
FTI SellTECHNIPFMC PLC$3,682,000
-2.4%
117,847
-0.8%
0.97%
-1.4%
WDC BuyWESTERN DIGITAL CORP$3,338,000
-21.8%
57,015
+3.4%
0.88%
-21.0%
AEO BuyAMERICAN EAGLE OUTFITTERS NE$3,335,000
+10.1%
134,317
+3.1%
0.88%
+11.3%
GASS BuySTEALTHGAS INC$2,862,000
-10.2%
803,831
+0.1%
0.75%
-9.3%
GLF NewGULFMARK OFFSHORE INC$2,301,00061,7000.61%
PICO BuyPICO HLDGS INC$1,690,000
+7.8%
134,665
+0.1%
0.44%
+9.1%
ROCK SellGIBRALTAR INDS INC$1,616,000
+11.8%
35,429
-8.1%
0.42%
+12.7%
FRAN BuyFRANCESCA HLDGS CORP$1,367,000
-50.8%
368,425
+0.0%
0.36%
-50.3%
TDWWSB BuyTIDEWATER INC*w exp 07/31/202$1,336,000
+62.9%
369,958
+24.1%
0.35%
+64.5%
RVI NewRETAIL VENTURES INC$1,158,00035,4190.30%
TDWWSA SellTIDEWATER INC*w exp 07/31/202$1,139,000
+18.4%
276,476
-0.3%
0.30%
+19.5%
UHAL BuyAMERCO$927,000
+4.2%
2,600
+4.0%
0.24%
+5.2%
DHIL BuyDIAMOND HILL INVESTMENT GROUP$910,000
+50.9%
5,500
+77.4%
0.24%
+52.9%
VNTR BuyVENATOR MATLS PLC$720,000
-8.3%
80,000
+66.7%
0.19%
-7.3%
TKR BuyTIMKEN CO$684,000
+30.0%
13,725
+13.6%
0.18%
+31.4%
ATUS BuyALTICE USA INCcl a$544,000
+27.4%
30,000
+20.0%
0.14%
+28.8%
GLW SellCORNING INC$531,000
-22.9%
15,040
-39.9%
0.14%
-22.2%
ELF NewE L F BEAUTY INC$446,00035,0000.12%
BRKB SellBERKSHIRE HATHAWAY INC DELcl b$358,000
-11.6%
1,674
-22.8%
0.09%
-11.3%
LOV SellSPARK NETWORKS SEsponsored adr$308,000
-2.5%
26,978
-8.2%
0.08%
-1.2%
SPB NewSPECTRUM BRANDS HOLDINGS INC$299,0004,0000.08%
BDC SellBELDEN INC$286,000
-48.0%
4,000
-55.6%
0.08%
-47.6%
MRK NewMERCK & CO INC NEW$213,0003,0000.06%
GCAP NewGAIN CAPITAL HOLDINGS$163,00025,0000.04%
SellCSI COMPRESSCO LP$165,000
-8.3%
32,020
-0.9%
0.04%
-8.5%
BB NewBLACKBERRY LTD$114,00010,0000.03%
HBP NewHUTTING BUILDING PRODUCTS I$106,00025,0000.03%
HDSN NewHUDSON TECHNOLOGIES INC$18,00013,9500.01%
NewECO STIM ENERGY SOLUTIONS$7,00025,0000.00%
LBRDK ExitLIBERTY BROADBAND CORP$000.00%
AVT ExitAVNET INC$0-7,298-0.08%
SPB ExitSPECTRUM BRANDS HOLDINGS INC$0-6,000-0.13%
Q2 2018
 Value Shares↓ Weighting
BMCH NewBMC STOCK HOLDINGS INC$46,397,0002,225,26212.09%
BLDR NewBUILDERS FIRSTSOURCE INC$37,798,0002,066,6009.85%
WLK NewWESTLAKE CHEM CORP$28,051,000260,6227.31%
CVCO NewCAVCO INDS INC DEL$26,105,000125,7156.80%
OSB NewNORBORD INC$24,306,000591,0966.33%
TDW NewTIDEWATER INC$19,165,000662,4574.99%
ESV NewENSCO PLC$14,737,0002,029,9133.84%
PHX NewPANHANDLE OIL AND GAS INCcl a$14,451,000756,5833.76%
LXU NewLSB INDS INC$13,240,0002,498,1063.45%
JEF NewJEFFERIES FINL GROUP INC$12,809,000563,3133.34%
RDNT NewRADNET INC$12,176,000811,6883.17%
OMN NewOMNOVA SOLUTIONS INC$10,284,000988,8802.68%
EXTN NewEXTERRAN CORPORATION$9,141,000365,0722.38%
MEI NewMETHODE ELECTRONICS INC$8,414,000208,7802.19%
LECO NewLINCOLN ELEC HLDGS INC$8,397,00095,6912.19%
IIIN NewINSTEEL INDUSTRIES INC$7,844,000234,8282.04%
CNQ NewCANADIAN NAT RES LTD$7,670,000212,6292.00%
UMH NewU M H PROPERTIES INC$7,669,000499,5902.00%
BBX NewBBX CAPITAL CORPcl a$5,592,000619,2191.46%
AXR NewAMREP CORP NEW$4,911,000688,7221.28%
CKH NewSEACOR HOLDINGS INC$4,801,00083,8361.25%
SMHI NewSEACOR MARINE HOLDINGS INC$4,647,000201,2461.21%
HP NewHELMERICH & PAYNE INC$4,500,00070,5771.17%
WDC NewWESTERN DIGITAL CORP$4,269,00055,1441.11%
SKY NewSKYLINE CORP$4,040,000115,3001.05%
LPG NewDORIAN LPG LTD$3,959,000518,1491.03%
FTI NewTECHNIPFMC PLC$3,772,000118,8470.98%
SBUX NewSTARBUCKS CORP$3,664,00075,0000.96%
GASS NewSTEALTHGAS INC$3,188,000802,9850.83%
AEO NewAMERICAN EAGLE OUTFITTERS NE$3,030,000130,3100.79%
FRAN NewFRANCESCA HLDGS CORP$2,781,000368,4000.72%
NKE NewNIKE INCcl b$1,992,00025,0000.52%
DAN NewDANA HOLDING CORP$1,975,00097,8250.52%
ETM NewENTERCOMcl a$1,874,000248,2400.49%
DWSN NewDAWSON GEOPHYSICAL CO$1,819,000230,2670.47%
PICO NewPICO HLDGS INC$1,567,000134,5050.41%
ROCK NewGIBRALTAR INDS INC$1,446,00038,5590.38%
TDWWSA NewTIDEWATER INC*w exp 07/31/202$962,000277,2530.25%
UHAL NewAMERCO$890,0002,5000.23%
GLIBA NewGCI LIBERTY INC$857,00019,0000.22%
TDWWSB NewTIDEWATER INC*w exp 07/31/202$820,000298,0250.21%
VNTR NewVENATOR MATLS PLC$785,00048,0000.20%
GLW NewCORNING INC$689,00025,0400.18%
DHIL NewDIAMOND HILL INVESTMENT GROUP$603,0003,1000.16%
BDC NewBELDEN INC$550,0009,0000.14%
TKR NewTIMKEN CO$526,00012,0850.14%
PSMT NewPRICESMART INC$503,0005,5530.13%
SPB NewSPECTRUM BRANDS HOLDINGS INC$490,0006,0000.13%
ATUS NewALTICE USA INCcl a$427,00025,0000.11%
PCMI NewPCM, INC$406,00026,7910.11%
BRKB NewBERKSHIRE HATHAWAY INC DELcl b$405,0002,1690.11%
GTN NewGRAY TELEVISION INC$338,00021,4110.09%
LOV NewSPARK NETWORKS SEsponsored adr$316,00029,3980.08%
AVT NewAVNET INC$313,0007,2980.08%
AEIS NewADVANCED ENERGY INDS$309,0005,3250.08%
HNRG NewHALLADOR ENERGY COMPANY$306,00042,9190.08%
LBRDA NewLIBERTY BROADBAND CORP$227,0003,0000.06%
NWLI NewNATIONAL WESTN LIFE INS COcl a$223,0007270.06%
NewCSI COMPRESSCO LP$180,00032,3200.05%
HLX NewHELIX ENERGY SOLUTIONS GROUP INC$102,00012,2500.03%
LQDT NewLIQUIDITY SERVICES INC$75,00011,4750.02%
DHX NewDHI GROUP INC$29,00012,4400.01%
LBRDK NewLIBERTY BROADBAND CORP$000.00%
Q4 2017
 Value Shares↓ Weighting
LQDT ExitLIQUIDITY SERVICES INC$0-12,800-0.02%
CMRE ExitCOSTAMARE INC$0-25,000-0.04%
ExitCSI COMPRESSCO LP$0-32,320-0.05%
PXD ExitPIONEER NAT RES CO$0-1,400-0.06%
INT ExitWORLD FUEL SERVICES CORP$0-7,000-0.06%
ALOG ExitANALOGIC CORP$0-3,000-0.07%
HNRG ExitHALLADOR ENERGY COMPANY$0-44,389-0.07%
HLX ExitHELIX ENERGY SOLUTIONS GROUP INC$0-35,000-0.07%
BDC ExitBELDEN INC$0-3,500-0.08%
WTM ExitWHITE MOUNTAINS INSURANCE GROUP LTD$0-325-0.08%
SENEA ExitSENECA FOODS CORP NEWcl a$0-8,428-0.08%
CMI ExitCUMMINS INC$0-1,765-0.08%
AVT ExitAVNET INC$0-8,500-0.09%
TKR ExitTIMKEN CO$0-7,360-0.10%
LOV ExitSPARK NETWORKS INC$0-313,025-0.10%
NWLI ExitNATIONAL WESTN LIFE INS COcl a$0-1,111-0.11%
LVNTA ExitLIBERTY INTERACTIVE CORP$0-7,000-0.11%
AEIS ExitADVANCED ENERGY INDS$0-5,325-0.12%
PSMT ExitPRICESMART INC$0-5,553-0.14%
WPX ExitWPX ENERGY INC$0-46,500-0.15%
BRKB ExitBERKSHIRE HATHAWAY INC DELcl b$0-4,309-0.22%
DWSN ExitDAWSON GEOPHYSICAL CO$0-222,845-0.28%
SMHI ExitSEACOR MARINE HOLDINGS INC$0-81,597-0.35%
SKY ExitSKYLINE CORP$0-115,300-0.38%
XRM ExitXERIUM TECHNOLOGIES INC$0-304,109-0.40%
AEO ExitAMERICAN EAGLE OUTFITTERS NE$0-132,880-0.52%
LPG ExitDORIAN LPG LTD$0-300,000-0.56%
GASS ExitSTEALTHGAS INC$0-814,635-0.74%
DAN ExitDANA HOLDING CORP$0-97,825-0.75%
ROCK ExitGIBRALTAR INDS INC$0-101,848-0.87%
PICO ExitPICO HLDGS INC$0-229,640-1.05%
HP ExitHELMERICH & PAYNE INC$0-75,388-1.08%
CKH ExitSEACOR HOLDINGS INC$0-85,266-1.08%
AXR ExitAMREP CORP NEW$0-707,019-1.32%
WDC ExitWESTERN DIGITAL CORP$0-56,494-1.34%
BBX ExitBBX CAPITAL CORPcl a$0-692,269-1.40%
IIIN ExitINSTEEL INDUSTRIES INC$0-237,903-1.70%
CNQ ExitCANADIAN NAT RES LTD$0-215,829-1.98%
UMH ExitU M H PROPERTIES INC$0-510,344-2.18%
LECO ExitLINCOLN ELEC HLDGS INC$0-97,716-2.46%
MEI ExitMETHODE ELECTRONICS INC$0-213,755-2.48%
RDNT ExitRADNET INC$0-846,938-2.68%
OMN ExitOMNOVA SOLUTIONS INC$0-1,029,264-3.09%
EXTN ExitEXTERRAN CORPORATION$0-371,202-3.22%
ATW ExitATWOOD OCEANICS INC$0-1,288,139-3.32%
LUK ExitLEUCADIA NATL CORP$0-587,782-4.07%
OSB ExitNORBORD INC$0-440,006-4.60%
TDW ExitTIDEWATER INC$0-601,034-4.80%
PHX ExitPANHANDLE OIL AND GAS INCcl a$0-755,337-4.93%
LXU ExitLSB INDS INC$0-2,265,856-4.94%
CVCO ExitCAVCO INDS INC DEL$0-143,493-5.81%
WLK ExitWESTLAKE CHEM CORP$0-268,903-6.13%
BLDR ExitBUILDERS FIRSTSOURCE INC$0-2,161,458-10.67%
BMCH ExitBMC STOCK HOLDINGS INC$0-2,893,087-16.94%
Q3 2017
 Value Shares↓ Weighting
BMCH SellBMC STOCK HOLDINGS INC$61,767,000
-2.3%
2,893,087
-11.2%
16.94%
-11.1%
BLDR SellBUILDERS FIRSTSOURCE INC$38,885,000
+17.5%
2,161,458
-0.5%
10.67%
+7.0%
WLK SellWESTLAKE CHEM CORP$22,343,000
+25.3%
268,903
-0.8%
6.13%
+14.2%
CVCO SellCAVCO INDS INC DEL$21,172,000
+13.6%
143,493
-16.9%
5.81%
+3.4%
LXU BuyLSB INDS INC$17,991,000
-19.3%
2,265,856
+2.9%
4.94%
-26.5%
PHX BuyPANHANDLE OIL AND GAS INCcl a$17,977,000
+3.0%
755,337
+0.2%
4.93%
-6.2%
TDW NewTIDEWATER INC$17,478,000601,0344.80%
OSB BuyNORBORD INC$16,773,000
+21.8%
440,006
+6.6%
4.60%
+10.9%
LUK SellLEUCADIA NATL CORP$14,841,000
-2.9%
587,782
-1.0%
4.07%
-11.6%
ATW BuyATWOOD OCEANICS INC$12,096,000
+15.1%
1,288,139
+9.1%
3.32%
+4.9%
EXTN SellEXTERRAN CORPORATION$11,734,000
+18.6%
371,202
-21.3%
3.22%
+8.1%
OMN SellOMNOVA SOLUTIONS INC$11,271,000
+14.0%
1,029,264
-0.2%
3.09%
+3.8%
RDNT BuyRADNET INC$9,783,000
+46.3%
846,938
+14.1%
2.68%
+33.3%
MEI SellMETHODE ELECTRONICS INC$9,053,000
+2.7%
213,755
-1.9%
2.48%
-6.5%
LECO SellLINCOLN ELEC HLDGS INC$8,959,000
+0.0%
97,716
-0.8%
2.46%
-8.9%
UMH SellU M H PROPERTIES INC$7,936,000
-7.1%
510,344
-1.1%
2.18%
-15.4%
CNQ BuyCANADIAN NAT RES LTD$7,228,000
+16.5%
215,829
+0.3%
1.98%
+6.1%
IIIN SellINSTEEL INDUSTRIES INC$6,212,000
-20.6%
237,903
-0.2%
1.70%
-27.7%
BBX NewBBX CAPITAL CORPcl a$5,102,000692,2691.40%
WDC SellWESTERN DIGITAL CORP$4,881,000
-2.7%
56,494
-0.8%
1.34%
-11.4%
AXR SellAMREP CORP NEW$4,814,000
+0.2%
707,019
-1.2%
1.32%
-8.6%
HP BuyHELMERICH & PAYNE INC$3,928,000
-5.2%
75,388
+42.6%
1.08%
-13.7%
CKH SellSEACOR HOLDINGS INC$3,931,000
+34.2%
85,266
-3.4%
1.08%
+22.1%
PICO SellPICO HLDGS INC$3,835,000
-4.4%
229,640
-3.0%
1.05%
-12.9%
ROCK SellGIBRALTAR INDS INC$3,173,000
-13.1%
101,848
-3.4%
0.87%
-20.9%
DAN SellDANA HOLDING CORP$2,735,000
-37.3%
97,825
-49.9%
0.75%
-42.9%
GASS SellSTEALTHGAS INC$2,696,000
+2.8%
814,635
-5.0%
0.74%
-6.3%
LPG SellDORIAN LPG LTD$2,046,000
-16.6%
300,000
-0.3%
0.56%
-24.1%
AEO BuyAMERICAN EAGLE OUTFITTERS NE$1,900,000
+18.4%
132,880
+0.9%
0.52%
+7.9%
XRM SellXERIUM TECHNOLOGIES INC$1,454,000
-37.6%
304,109
-15.8%
0.40%
-43.2%
SKY BuySKYLINE CORP$1,394,000
+119.9%
115,300
+51.2%
0.38%
+100.0%
SMHI SellSEACOR MARINE HOLDINGS INC$1,276,000
-26.9%
81,597
-4.9%
0.35%
-33.5%
DWSN BuyDAWSON GEOPHYSICAL CO$1,009,000
+15.4%
222,845
+875.5%
0.28%
+5.3%
BRKB SellBERKSHIRE HATHAWAY INC DELcl b$790,000
+8.2%
4,309
-3.1%
0.22%
-1.4%
WPX SellWPX ENERGY INC$535,000
+7.2%
46,500
-11.8%
0.15%
-2.0%
PSMT SellPRICESMART INC$496,000
+1.2%
5,553
-0.8%
0.14%
-8.1%
LVNTA BuyLIBERTY INTERACTIVE CORP$403,000
+10.1%
7,000
+16.7%
0.11%
+0.9%
NWLI SellNATIONAL WESTN LIFE INS COcl a$388,000
+9.3%
1,111
-3.2%
0.11%
-0.9%
LOV BuySPARK NETWORKS INC$382,000
+26.5%
313,025
+5.3%
0.10%
+15.4%
TKR SellTIMKEN CO$357,000
+4.1%
7,360
-0.7%
0.10%
-4.9%
AVT NewAVNET INC$334,0008,5000.09%
SENEA SellSENECA FOODS CORP NEWcl a$290,000
+1.8%
8,428
-50.9%
0.08%
-7.0%
BDC SellBELDEN INC$282,000
+6.8%
3,500
-95.0%
0.08%
-3.8%
HLX NewHELIX ENERGY SOLUTIONS GROUP INC$259,00035,0000.07%
HNRG SellHALLADOR ENERGY COMPANY$254,000
-26.4%
44,389
-4.4%
0.07%
-32.7%
ALOG NewANALOGIC CORP$251,0003,0000.07%
INT BuyWORLD FUEL SERVICES CORP$237,000
+2.6%
7,000
+16.7%
0.06%
-7.1%
BuyCSI COMPRESSCO LP$168,000
+7.0%
32,320
+38.6%
0.05%
-2.1%
LQDT SellLIQUIDITY SERVICES INC$76,000
-96.9%
12,800
-96.9%
0.02%
-97.2%
ExitHELIX ENERGY SOLUTIONS GROUP INC$0-35,000-0.06%
MINI ExitMOBILE MINI INC$0-6,860-0.06%
TDW ExitTIDEWATER INC$0-4,357,370-1.00%
Q2 2017
 Value Shares↓ Weighting
BMCH NewBMC STOCK HOLDINGS INC$63,243,0003,257,76319.05%
BLDR NewBUILDERS FIRSTSOURCE INC$33,087,0002,172,9029.97%
LXU NewLSB INDS INC$22,297,0002,202,1156.72%
CVCO NewCAVCO INDS INC DEL$18,643,000172,7235.62%
WLK NewWESTLAKE CHEM CORP$17,825,000271,1655.37%
PHX NewPANHANDLE OIL AND GAS INCcl a$17,448,000754,2015.26%
LUK NewLEUCADIA NATL CORP$15,289,000593,6544.60%
OSB NewNORBORD INC$13,773,000412,6134.15%
ATW NewATWOOD OCEANICS INC$10,505,0001,181,1543.16%
EXTN NewEXTERRAN CORPORATION$9,891,000471,6162.98%
OMN NewOMNOVA SOLUTIONS INC$9,891,0001,031,1392.98%
LECO NewLINCOLN ELEC HLDGS INC$8,955,00098,4852.70%
MEI NewMETHODE ELECTRONICS INC$8,814,000217,9252.66%
UMH NewU M H PROPERTIES INC$8,541,000515,8142.57%
IIIN NewINSTEEL INDUSTRIES INC$7,825,000238,2982.36%
RDNT NewRADNET INC$6,685,000742,3162.01%
CNQ NewCANADIAN NAT RES LTD$6,205,000215,2191.87%
WDC NewWESTERN DIGITAL CORP$5,018,00056,9301.51%
AXR NewAMREP CORP NEW$4,802,000715,5041.45%
DAN NewDANA HOLDING CORP$4,362,000195,3251.31%
HP NewHELMERICH & PAYNE INC$4,145,00052,8841.25%
PICO NewPICO HLDGS INC$4,012,000236,6951.21%
ROCK NewGIBRALTAR INDS INC$3,652,000105,4081.10%
TDW NewTIDEWATER INC$3,304,0004,357,3701.00%
CKH NewSEACOR HOLDINGS INC$2,930,00088,3060.88%
GASS NewSTEALTHGAS INC$2,623,000857,3440.79%
LQDT NewLIQUIDITY SERVICES INC$2,488,000415,1940.75%
LPG NewDORIAN LPG LTD$2,454,000300,7910.74%
XRM NewXERIUM TECHNOLOGIES INC$2,331,000361,0910.70%
SMHI NewSEACOR MARINE HOLDINGS INC$1,746,00085,7790.53%
AEO NewAMERICAN EAGLE OUTFITTERS NE$1,605,000131,7450.48%
DWSN NewDAWSON GEOPHYSICAL CO$874,00022,8450.26%
BRKB NewBERKSHIRE HATHAWAY INC DELcl b$730,0004,4490.22%
SKY NewSKYLINE CORP$634,00076,2780.19%
WPX NewWPX ENERGY INC$499,00052,7500.15%
PSMT NewPRICESMART INC$490,0005,5980.15%
LVNTA NewLIBERTY INTERACTIVE CORP$366,0006,0000.11%
NWLI NewNATIONAL WESTN LIFE INS COcl a$355,0001,1480.11%
HNRG NewHALLADOR ENERGY COMPANY$345,00046,4310.10%
AEIS NewADVANCED ENERGY INDS$344,0005,3250.10%
TKR NewTIMKEN CO$343,0007,4100.10%
LOV NewSPARK NETWORKS INC$302,000297,3250.09%
SENEA NewSENECA FOODS CORP NEWcl a$285,00017,1820.09%
CMI NewCUMMINS INC$287,0001,7650.09%
WTM NewWHITE MOUNTAINS INSURANCE GROUP LTD$282,0003250.08%
BDC NewBELDEN INC$264,00069,5520.08%
INT NewWORLD FUEL SERVICES CORP$231,0006,0000.07%
PXD NewPIONEER NAT RES CO$223,0001,4000.07%
MINI NewMOBILE MINI INC$205,0006,8600.06%
NewHELIX ENERGY SOLUTIONS GROUP INC$197,00035,0000.06%
CMRE NewCOSTAMARE INC$183,00025,0000.06%
NewCSI COMPRESSCO LP$157,00023,3200.05%
Q4 2016
 Value Shares↓ Weighting
NWLI ExitNATIONAL WESTN LIFE INS COcl a$0-146-0.01%
DWSN ExitDAWSON GEOPHYSICAL CO$0-9,312-0.02%
DWSN ExitDAWSON GEOPHYSICAL CO$0-13,533-0.04%
CVU ExitCPI AEROSTRUCTURES INC$0-24,943-0.06%
NWLI ExitNATIONAL WESTN LIFE INS COcl a$0-1,002-0.07%
MINI ExitMOBILE MINI INC$0-6,860-0.07%
TKR ExitTIMKEN CO$0-6,460-0.08%
CMI ExitCUMMINS INC$0-1,765-0.08%
ExitCSI COMPRESSCO LP$0-23,320-0.08%
AEIS ExitADVANCED ENERGY INDS$0-5,325-0.09%
PXD ExitPIONEER NAT RES CO$0-1,400-0.09%
JOY ExitJOY GLOBAL INC$0-9,642-0.09%
HNRG ExitHALLADOR ENERGY COMPANY$0-46,431-0.12%
PSMT ExitPRICESMART INC$0-5,598-0.16%
SENEA ExitSENECA FOODS CORP NEWcl a$0-17,182-0.17%
LOV ExitSPARK NETWORKS INC$0-318,650-0.17%
BRKB ExitBERKSHIRE HATHAWAY INC DELcl b$0-4,499-0.22%
WPX ExitWPX ENERGY INC$0-54,850-0.25%
SKY ExitSKYLINE CORP$0-64,700-0.30%
LPG ExitDORIAN LPG LTD$0-326,582-0.67%
GASS ExitSTEALTHGAS INC$0-775,968-0.92%
AEO ExitAMERICAN EAGLE OUTFITTERS NE$0-151,645-0.93%
PICO ExitPICO HLDGS INC$0-236,340-0.96%
DAN ExitDANA HOLDING CORP$0-195,325-1.04%
WDC ExitWESTERN DIGITAL CORP$0-56,855-1.14%
XRM ExitXERIUM TECHNOLOGIES INC$0-420,430-1.15%
ROCK ExitGIBRALTAR INDS INC$0-106,633-1.36%
HP ExitHELMERICH & PAYNE INC$0-64,016-1.48%
LQDT ExitLIQUIDITY SERVICES INC$0-417,794-1.61%
RDNT ExitRADNET INC$0-674,966-1.71%
CKH ExitSEACOR HOLDINGS INC$0-88,176-1.80%
AXR ExitAMREP CORP NEW$0-715,784-1.95%
LECO ExitLINCOLN ELEC HLDGS INC$0-98,330-2.11%
UMH ExitU M H PROPERTIES INC$0-529,639-2.17%
IIIN ExitINSTEEL INDUSTRIES INC$0-189,048-2.35%
CNQ ExitCANADIAN NAT RES LTD$0-221,159-2.43%
EXTN ExitEXTERRAN CORPORATION$0-470,941-2.53%
MEI ExitMETHODE ELECTRONICS INC$0-217,845-2.61%
TDW ExitTIDEWATER INC$0-2,861,670-2.77%
OMN ExitOMNOVA SOLUTIONS INC$0-1,067,964-3.09%
OSB ExitNORBORD INC$0-414,079-3.65%
ATW ExitATWOOD OCEANICS INC$0-1,283,404-3.83%
LUK ExitLEUCADIA NATL CORP$0-624,755-4.08%
PHX ExitPANHANDLE OIL AND GAS INCcl a$0-758,659-4.56%
WLK ExitWESTLAKE CHEM CORP$0-270,845-4.97%
LXU ExitLSB INDS INC$0-1,925,387-5.67%
CVCO ExitCAVCO INDS INC DEL$0-172,323-5.86%
BLDR ExitBUILDERS FIRSTSOURCE INC$0-2,168,457-8.56%
BMCH ExitBMC STOCK HOLDINGS INC$0-3,262,772-19.85%
Q3 2016
 Value Shares↓ Weighting
BMCH BuyBMC STOCK HOLDINGS INC$57,849,000
+2.2%
3,262,772
+2.7%
19.85%
-2.7%
BLDR BuyBUILDERS FIRSTSOURCE INC$24,959,000
+3.3%
2,168,457
+1.0%
8.56%
-1.6%
CVCO SellCAVCO INDS INC DEL$17,069,000
-3.1%
172,323
-8.4%
5.86%
-7.8%
LXU BuyLSB INDS INC$16,520,000
-25.0%
1,925,387
+5.5%
5.67%
-28.6%
WLK SellWESTLAKE CHEM CORP$14,490,000
+24.2%
270,845
-0.4%
4.97%
+18.2%
PHX SellPANHANDLE OIL AND GAS INCcl a$13,299,000
+4.4%
758,659
-0.7%
4.56%
-0.6%
LUK SellLEUCADIA NATL CORP$11,895,000
+8.5%
624,755
-1.2%
4.08%
+3.3%
ATW BuyATWOOD OCEANICS INC$11,152,000
-27.4%
1,283,404
+4.7%
3.83%
-30.8%
OSB SellNORBORD INC$10,651,000
+28.4%
414,079
-1.5%
3.65%
+22.3%
OMN SellOMNOVA SOLUTIONS INC$9,013,000
+10.8%
1,067,964
-4.9%
3.09%
+5.5%
TDW BuyTIDEWATER INC$8,070,000
+78.4%
2,861,670
+179.1%
2.77%
+69.9%
MEI SellMETHODE ELECTRONICS INC$7,618,000
+1.1%
217,845
-1.0%
2.61%
-3.7%
EXTN BuyEXTERRAN CORPORATION$7,384,000
+25.4%
470,941
+2.7%
2.53%
+19.4%
CNQ SellCANADIAN NAT RES LTD$7,086,000
-10.1%
221,159
-13.5%
2.43%
-14.4%
IIIN SellINSTEEL INDUSTRIES INC$6,851,000
+25.5%
189,048
-1.0%
2.35%
+19.5%
UMH SellU M H PROPERTIES INC$6,313,000
+5.2%
529,639
-0.7%
2.17%
+0.2%
LECO SellLINCOLN ELEC HLDGS INC$6,157,000
+1.5%
98,330
-4.2%
2.11%
-3.3%
AXR SellAMREP CORP NEW$5,677,000
+60.6%
715,784
-0.4%
1.95%
+52.9%
CKH SellSEACOR HOLDINGS INC$5,246,000
+1.7%
88,176
-0.9%
1.80%
-3.1%
RDNT BuyRADNET INC$4,995,000
+101.4%
674,966
+45.3%
1.71%
+91.7%
LQDT BuyLIQUIDITY SERVICES INC$4,696,000
+47.4%
417,794
+2.8%
1.61%
+40.3%
HP SellHELMERICH & PAYNE INC$4,308,000
-0.6%
64,016
-0.9%
1.48%
-5.4%
ROCK SellGIBRALTAR INDS INC$3,961,000
-13.6%
106,633
-26.6%
1.36%
-17.8%
XRM SellXERIUM TECHNOLOGIES INC$3,343,000
+23.1%
420,430
-1.2%
1.15%
+17.3%
WDC SellWESTERN DIGITAL CORP$3,324,000
+22.9%
56,855
-0.6%
1.14%
+17.0%
PICO SellPICO HLDGS INC$2,786,000
+23.9%
236,340
-0.6%
0.96%
+18.0%
AEO SellAMERICAN EAGLE OUTFITTERS NE$2,708,000
+8.2%
151,645
-3.4%
0.93%
+3.1%
GASS BuySTEALTHGAS INC$2,692,000
+12.7%
775,968
+22.8%
0.92%
+7.3%
LPG BuyDORIAN LPG LTD$1,960,000
-14.6%
326,582
+0.4%
0.67%
-18.7%
WPX SellWPX ENERGY INC$723,000
+35.6%
54,850
-4.2%
0.25%
+29.2%
BRKB SellBERKSHIRE HATHAWAY INC DELcl b$650,000
-14.0%
4,499
-13.8%
0.22%
-18.0%
LOV SellSPARK NETWORKS INC$503,000
-0.8%
318,650
-0.6%
0.17%
-5.5%
SENEA SellSENECA FOODS CORP NEWcl a$485,000
-28.