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
Expires: July 31, 2015
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
ADVANCED MICRO DEVICES COM 007903107 17,668,200 82,500 SH DFND 1 0 82,500 0
ADVANCED MICRO DEVICES COM 007903107 4,818,600 22,500 SH DFND 2 0 22,500 0
ALCOA CORP COM 013872106 1,774,557 33,394 SH DFND 1 0 33,394 0
ALERUS FINANCIAL CORP COM 01446U103 5,262,924 233,700 SH DFND 2 0 233,700 0
ALPHA METALLURGICAL RESOURCE COM 020764106 68,034,555 340,377 SH DFND 1 0 340,377 0
ALPHA METALLURGICAL RESOURCE COM 020764106 30,720,557 153,695 SH DFND 2 0 153,695 0
AMERISERV FINANCIAL INC COM 03074A102 5,217,810 1,635,677 SH DFND 2 0 1,635,677 0
APPLE INC COM 037833100 9,515,100 35,000 SH DFND 1 0 35,000 0
ATKORE INC COM 047649108 19,683,843 311,207 SH DFND 1 0 311,207 0
ATKORE INC COM 047649108 4,806,621 75,994 SH DFND 2 0 75,994 0
AVADEL PHARMACEUTICALS COM G29687103 61,621,686 2,859,475 SH DFND 1 0 2,859,475 0
AVADEL PHARMACEUTICALS COM G29687103 41,157,957 1,909,882 SH DFND 2 0 1,909,882 0
AVADEL PHARMACEUTICALS COM G29687103 24,383,825 1,131,500 SH Call DFND 1 0 0 0
AVANTOR INC COM 05352A100 4,684,275 408,750 SH DFND 1 0 408,750 0
AVANTOR INC COM 05352A100 1,561,425 136,250 SH DFND 2 0 136,250 0
BABCOCK & WILCOX ENTERPR COM 05614L209 24,741,121 3,902,385 SH DFND 1 0 3,902,385 0
BABCOCK & WILCOX ENTERPR COM 05614L209 7,250,950 1,143,683 SH DFND 2 0 1,143,683 0
BAUSCH HEALTH COS INC COM 071734107 6,767,618 973,758 SH DFND 1 0 973,758 0
BAUSCH HEALTH COS INC COM 071734107 2,255,393 324,517 SH DFND 2 0 324,517 0
BAXTER INTERNATIONAL INC COM 071813109 6,394,091 334,594 SH DFND 1 0 334,594 0
BAXTER INTERNATIONAL INC COM 071813109 2,131,357 111,531 SH DFND 2 0 111,531 0
BLUE RIDGE BANKSHARES INC COM 095825105 916,376 214,608 SH DFND 2 0 214,608 0
BLUELINX HOLDINGS INC COM 09624H208 29,837,472 485,715 SH DFND 1 0 485,715 0
BLUELINX HOLDINGS INC COM 09624H208 14,330,268 233,278 SH DFND 2 0 233,278 0
BOEING CO/THE COM 097023105 15,591,604 71,811 SH DFND 1 0 71,811 0
BOEING CO/THE COM 097023105 2,171,200 10,000 SH DFND 2 0 10,000 0
BV FINANCIAL INC COM 05603E208 2,562,493 141,262 SH DFND 2 0 141,262 0
CAMDEN NATIONAL CORP COM 133034108 2,657,849 61,269 SH DFND 2 0 61,269 0
CHAMPION HOMES INC COM 830830105 23,156,042 274,036 SH DFND 1 0 274,036 0
CHAMPION HOMES INC COM 830830105 3,638,655 43,061 SH DFND 2 0 43,061 0
CHOICEONE FINANCIAL SVCS INC COM 170386106 4,385,137 148,548 SH DFND 2 0 148,548 0
CITIZENS COMMUNITY BANCORP I COM 174903104 4,425,045 248,319 SH DFND 2 0 248,319 0
CIVISTA BANCSHARES INC COM 178867107 222,200 10,000 SH DFND 2 0 10,000 0
COHERENT CORP COM 19247G107 2,330,565 12,627 SH DFND 1 0 12,627 0
COHERENT CORP COM 19247G107 2,768,550 15,000 SH DFND 2 0 15,000 0
CORE LABORATORIES INC COM 21867A105 6,261,735 390,626 SH DFND 1 0 390,626 0
CORE LABORATORIES INC COM 21867A105 4,133,079 257,834 SH DFND 2 0 257,834 0
CORE NATURAL RESOURCES INC COM 218937100 11,403,274 128,836 SH DFND 1 0 128,836 0
CORE NATURAL RESOURCES INC COM 218937100 4,594,820 51,913 SH DFND 2 0 51,913 0
CORNING INC COM 219350105 14,506,678 165,677 SH DFND 1 0 165,677 0
CORNING INC COM 219350105 11,840,126 135,223 SH DFND 2 0 135,223 0
CUMMINS INC COM 231021106 7,656,750 15,000 SH DFND 1 0 15,000 0
CUMMINS INC COM 231021106 3,695,658 7,240 SH DFND 2 0 7,240 0
DMC GLOBAL INC COM 23291C103 4,674,417 698,717 SH DFND 1 0 698,717 0
DMC GLOBAL INC COM 23291C103 1,362,010 203,589 SH DFND 2 0 203,589 0
DRILLING TOOLS INTERNATIONAL CL A 26205E107 917,535 374,504 SH DFND 1 0 374,504 0
DRILLING TOOLS INTERNATIONAL CL A 26205E107 5,059,821 2,065,233 SH DFND 2 0 2,065,233 0
EQT CORP COM 26884L109 14,144,879 263,897 SH DFND 1 0 263,897 0
EQT CORP COM 26884L109 4,714,978 87,966 SH DFND 2 0 87,966 0
FENNEC PHARMACEUTICALS INC COM 31447P100 508,701 66,065 SH DFND 1 0 66,065 0
FENNEC PHARMACEUTICALS INC COM 31447P100 565,904 73,494 SH DFND 2 0 73,494 0
FERROGLOBE PLC COM G33856108 454,706 97,997 SH DFND 1 0 97,997 0
FIRST BANK/HAMILTON NJ COM 31931U102 805,536 48,939 SH DFND 2 0 48,939 0
FIRST MID BANCSHARES INC COM 320866106 5,361,447 137,473 SH DFND 2 0 137,473 0
FIRST TRUST NATURAL GAS ETF COM 33733E807 18,262,703 780,124 SH DFND 1 0 780,124 0
FIRST TRUST NATURAL GAS ETF COM 33733E807 3,833,388 163,750 SH DFND 2 0 163,750 0
FIRST UNITED CORP COM 33741H107 6,677,499 178,352 SH DFND 2 0 178,352 0
FIRST US BANCSHARES INC COM 33744V103 5,552,432 397,454 SH DFND 2 0 397,454 0
FLEX LTD COM Y2573F102 29,414,571 486,835 SH DFND 1 0 486,835 0
FLEX LTD COM Y2573F102 11,456,417 189,613 SH DFND 2 0 189,613 0
FMC CORP COM 302491303 9,362,250 675,000 SH DFND 1 0 675,000 0
FMC CORP COM 302491303 3,120,750 225,000 SH DFND 2 0 225,000 0
FRIEDMAN INDUSTRIES COM 358435105 5,490,336 267,952 SH DFND 1 0 267,952 0
FRIEDMAN INDUSTRIES COM 358435105 1,774,926 86,624 SH DFND 2 0 86,624 0
GENWORTH FINANCIAL INC COM 37247D106 45,762,586 5,067,839 SH DFND 1 0 5,067,839 0
GENWORTH FINANCIAL INC COM 37247D106 12,804,982 1,418,049 SH DFND 2 0 1,418,049 0
GOODYEAR TIRE & RUBBER CO COM 382550101 5,253,898 599,760 SH DFND 1 0 599,760 0
GOODYEAR TIRE & RUBBER CO COM 382550101 1,934,287 220,809 SH DFND 2 0 220,809 0
HALLIBURTON CO COM 406216101 19,522,715 690,825 SH DFND 1 0 690,825 0
HALLIBURTON CO COM 406216101 6,507,572 230,275 SH DFND 2 0 230,275 0
HUMANA INC COM 444859102 6,915,510 27,000 SH DFND 1 0 27,000 0
HUMANA INC COM 444859102 2,305,170 9,000 SH DFND 2 0 9,000 0
IES HOLDINGS INC COM 44951W106 1,597,405,206 4,106,229 SH DFND 0 4,106,229 0
IES HOLDINGS INC COM 44951W106 276,059,485 709,628 SH DFND 1 0 709,628 0
IES HOLDINGS INC COM 44951W106 2,152,272,601 5,532,550 SH DFND 3 0 5,532,550 0
IF BANCORP INC COM 44951J105 194,139 7,201 SH DFND 1 0 7,201 0
IF BANCORP INC COM 44951J105 8,599,647 318,978 SH DFND 2 0 318,978 0
INDIVIOR PLC COM G4766E116 22,722,625 633,295 SH DFND 1 0 633,295 0
INDIVIOR PLC COM G4766E116 16,614,162 463,048 SH DFND 2 0 463,048 0
INNOSPEC INC COM 45768S105 12,932,964 168,970 SH DFND 1 0 168,970 0
INNOSPEC INC COM 45768S105 8,907,802 116,381 SH DFND 2 0 116,381 0
INNOVEX INTERNATIONAL INC COM 457651107 7,199,385 329,190 SH DFND 1 0 329,190 0
INNOVEX INTERNATIONAL INC COM 457651107 1,380,456 63,121 SH DFND 2 0 63,121 0
INSEEGO CORP COM 45782B302 2,620,955 255,205 SH DFND 1 0 255,205 0
INSEEGO CORP COM 45782B302 1,787,966 174,096 SH DFND 2 0 174,096 0
INTERFACE INC COM 458665304 698,000 25,000 SH DFND 2 0 25,000 0
INVESCO S&P SMALLCAP ENERGY COM 46138G474 2,942,407 68,469 SH DFND 2 0 68,469 0
KLX ENERGY SERVICES HOLDING COM 48253L205 2,882,658 1,525,216 SH DFND 1 0 1,525,216 0
KLX ENERGY SERVICES HOLDING COM 48253L205 430,716 227,892 SH DFND 2 0 227,892 0
LIBERTY ENERGY INC COM 53115L104 14,237,995 771,289 SH DFND 1 0 771,289 0
LSB INDUSTRIES INC COM 502160104 7,712,203 907,318 SH DFND 1 0 907,318 0
LSB INDUSTRIES INC CL A 502160104 10,427,902 1,226,812 SH DFND 2 0 1,226,812 0
LUMEN TECHNOLOGIES INC COM 550241103 31,257,389 4,022,830 SH DFND 1 0 4,022,830 0
LUMEN TECHNOLOGIES INC COM 550241103 5,737,259 738,386 SH DFND 2 0 738,386 0
MATERION CORP COM 576690101 3,007,674 24,193 SH DFND 1 0 24,193 0
MATERION CORP COM 576690101 5,855,845 47,103 SH DFND 2 0 47,103 0
MATRIX SERVICE CO COM 576853105 8,393,299 717,376 SH DFND 1 0 717,376 0
MATRIX SERVICE CO COM 576853105 3,980,165 340,185 SH DFND 2 0 340,185 0
MICRON TECHNOLOGY INC COM 595112103 30,690,137 107,530 SH DFND 1 0 107,530 0
MICRON TECHNOLOGY INC COM 595112103 10,229,951 35,843 SH DFND 2 0 35,843 0
MOHAWK INDUSTRIES INC COM 608190104 37,259,714 340,894 SH DFND 1 0 340,894 0
MOHAWK INDUSTRIES INC COM 608190104 11,451,908 104,775 SH DFND 2 0 104,775 0
NABORS INDUSTRIES LTD COM G6359F137 17,527,986 322,799 SH DFND 1 0 322,799 0
NABORS INDUSTRIES LTD COM G6359F137 1,086,000 20,000 SH DFND 2 0 20,000 0
NOV INC COM 62955J103 5,309,464 339,697 SH DFND 1 0 339,697 0
OCTAVE SPECIALTY GROUP INC COM 023139884 8,971,826 1,153,191 SH DFND 1 0 1,153,191 0
OCTAVE SPECIALTY GROUP INC COM 023139884 3,238,666 416,281 SH DFND 2 0 416,281 0
OIL STATES INTERNATIONAL INC COM 678026105 8,709,063 1,286,420 SH DFND 1 0 1,286,420 0
OIL STATES INTERNATIONAL INC COM 678026105 1,887,808 278,849 SH DFND 2 0 278,849 0
OPTICAL CABLE CORP COM 683827208 1,848,263 415,340 SH DFND 2 0 415,340 0
ORION GROUP HOLDINGS INC COM 68628V308 8,396,914 844,760 SH DFND 1 0 844,760 0
ORION GROUP HOLDINGS INC COM 68628V308 2,579,828 259,540 SH DFND 2 0 259,540 0
OWENS CORNING COM 690742101 77,408,483 691,703 SH DFND 1 0 691,703 0
OWENS CORNING CL A 690742101 25,779,588 230,360 SH DFND 2 0 230,360 0
PATRICK INDUSTRIES INC COM 703343103 11,394,692 105,088 SH DFND 0 105,088 0
PEABODY ENERGY CORP COM 704551100 11,250,093 378,791 SH DFND 1 0 378,791 0
PEABODY ENERGY CORP COM 704551100 3,796,343 127,823 SH DFND 2 0 127,823 0
PEOPLES BANCORP OF NC COM 710577107 7,883,021 217,763 SH DFND 2 0 217,763 0
PROSPECT CAPITAL CORP COM 74348T102 4,850,881 1,872,927 SH DFND 1 0 1,872,927 0
PROSPECT CAPITAL CORP COM 74348T102 4,805,465 1,855,392 SH DFND 2 0 1,855,392 0
REPUBLIC BANCORP INC-CLASS A COM 760281204 9,859,775 142,916 SH DFND 2 0 142,916 0
SANDISK CORP COM 80004C200 31,289,295 131,811 SH DFND 1 0 131,811 0
SANDISK CORP COM 80004C200 7,984,988 33,638 SH DFND 2 0 33,638 0
SB FINANCIAL GROUP INC COM 78408D105 1,030,789 46,286 SH DFND 2 0 46,286 0
SELECT WATER SOLUTIONS INC COM 81617J301 5,747,171 546,309 SH DFND 1 0 546,309 0
SHORE BANCSHARES INC COM 825107105 2,419,331 136,840 SH DFND 2 0 136,840 0
SLB LTD COM 806857108 20,379,780 531,000 SH DFND 1 0 531,000 0
SLB LTD COM 806857108 13,010,820 339,000 SH DFND 2 0 339,000 0
SMART SAND INC COM 83191H107 12,105,468 3,026,367 SH DFND 1 0 3,026,367 0
SMART SAND INC COM 83191H107 402,192 100,548 SH DFND 2 0 100,548 0
SOUTHLAND HOLDINGS INC COM 84445C100 1,101,762 331,856 SH DFND 1 0 331,856 0
SOUTHLAND HOLDINGS INC COM 84445C100 5,206,039 1,568,084 SH DFND 2 0 1,568,084 0
SS SPDR S&P BIOTECH ETF COM 78464A870 23,471,525 192,500 SH DFND 1 0 192,500 0
SS SPDR S&P BIOTECH ETF COM 78464A870 8,508,032 69,778 SH DFND 2 0 69,778 0
STEPAN CO COM 858586100 323,279 6,826 SH DFND 1 0 6,826 0
STEPAN CO COM 858586100 106,986 2,259 SH DFND 2 0 2,259 0
SUNCOKE ENERGY INC COM 86722A103 8,161,913 1,133,599 SH DFND 1 0 1,133,599 0
SUNCOKE ENERGY INC COM 86722A103 2,436,775 338,441 SH DFND 2 0 338,441 0
TECHNIPFMC PLC COM G87110105 10,694,400 240,000 SH DFND 1 0 240,000 0
TECHNIPFMC PLC COM G87110105 3,564,800 80,000 SH DFND 2 0 80,000 0
TECOGEN INC/WALTHAM MA COM 87876P201 1,459,973 295,541 SH DFND 1 0 295,541 0
TETRA TECHNOLOGIES INC COM 88162F105 22,352,547 2,385,544 SH DFND 1 0 2,385,544 0
TETRA TECHNOLOGIES INC COM 88162F105 4,685,000 500,000 SH DFND 2 0 500,000 0
TOWER SEMICONDUCTOR LTD COM M87915274 1,761,300 15,000 SH DFND 1 0 15,000 0
TOWER SEMICONDUCTOR LTD COM M87915274 7,045,200 60,000 SH DFND 2 0 60,000 0
TRANSOCEAN LTD COM H8817H100 34,220,420 8,285,816 SH DFND 1 0 8,285,816 0
TRANSOCEAN LTD COM H8817H100 10,341,590 2,504,017 SH DFND 2 0 2,504,017 0
TUTOR PERINI CORP COM 901109108 41,235,127 615,266 SH DFND 1 0 615,266 0
TUTOR PERINI CORP COM 901109108 18,406,976 274,649 SH DFND 2 0 274,649 0
UFP INDUSTRIES INC COM 90278Q108 19,807,381 217,544 SH DFND 1 0 217,544 0
UFP INDUSTRIES INC COM 90278Q108 11,213,172 123,154 SH DFND 2 0 123,154 0
UNIVERSAL TECHNICAL INSTITUT COM 913915104 1,794,844 68,689 SH DFND 1 0 68,689 0
UNIVERSAL TECHNICAL INSTITUT COM 913915104 598,272 22,896 SH DFND 2 0 22,896 0
VANECK OIL SERVICES ETF COM 92189H607 31,183,169 109,503 SH DFND 1 0 109,503 0
VANECK OIL SERVICES ETF COM 92189H607 10,544,748 37,029 SH DFND 2 0 37,029 0
WESTERN DIGITAL CORP COM 958102105 27,217,971 157,996 SH DFND 1 0 157,996 0
WESTERN DIGITAL CORP COM 958102105 8,991,288 52,193 SH DFND 2 0 52,193 0
WHITE MOUNTAINS INSURANCE GP COM G9618E107 44,523,871 21,426 SH DFND 1 0 21,426 0
WHITE MOUNTAINS INSURANCE GP COM G9618E107 23,053,665 11,094 SH DFND 2 0 11,094 0
WINNEBAGO INDUSTRIES COM 974637100 6,912,104 170,585 SH DFND 1 0 170,585 0