Cove Street Capital 13F-HR Quarterly holdings report by institutional manager

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
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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	PFD	74915M308	52	900	SH		SOLE		900	0	0
AGNC Investment Corp	PFD	00123q500	316	14,000	SH		SOLE		14,000	0	0
Blueknight Energy Partners	PFD	09625u208	280	32,900	SH		SOLE		32,900	0	0
Wells Fargo & Company FPP	PFD	949746804	267	220	SH		SOLE		220	0	0
Abbott Laboratories	COM	002824100	109	1,000	SH		SOLE		1,000	0	0
AbbVie Inc	COM	00287y109	153	1,000	SH		SOLE		1,000	0	0
Alleghany Corporation	COM	017175100	461	553	SH		SOLE		553	0	0
Apex Escrow Note	COM	8amcsg732	0	8,497	SH		SOLE		8,497	0	0
Axalta Coating Systems Ltd	COM	g0750c108	4,032	182,363	SH		SOLE		182,363	0	0
AZZ Inc	COM	002474104	4,942	121,080	SH		SOLE		121,080	0	0
AZZ Inc	COM	002474104	3,040	74,475	SH		DFND		0	0	74,475
Berkshire Hathaway Inc CL B	COM	084670702	3,481	12,750	SH		SOLE		12,750	0	0
BlackRock TCP Capital Corporation	COM	09259E108	81	6,500	SH		SOLE		6,500	0	0
Chase Corporation	COM	16150r104	3,103	39,874	SH		SOLE		39,874	0	0
Chase Corporation	COM	16150r104	1,595	20,503	SH		DFND		0	0	20,503
Chevron Corporation	COM	166764100	145	1,000	SH		SOLE		1,000	0	0
Clean Harbors Inc	COM	184496107	2,503	28,548	SH		SOLE		28,548	0	0
CNX Resources Corporation	COM	12653C108	3,197	194,200	SH		SOLE		194,200	0	0
CNX Resources Corporation	COM	12653C108	2,899	176,100	SH		DFND		0	0	176,100
Commvault Systems Inc	COM	204166102	6,007	95,500	SH		SOLE		95,500	0	0
Commvault Systems Inc	COM	204166102	2,747	43,668	SH		DFND		0	0	43,668
Compass Minerals International	COM	20451n101	12,974	366,603	SH		SOLE		366,603	0	0
Compass Minerals International	COM	20451n101	5,984	169,089	SH		DFND		0	0	169,089
CTO Realty Growth Inc	COM	22948Q101	362	5,928	SH		SOLE		5,928	0	0
Devon Energy Corporation	COM	25179M103	1,313	23,829	SH		SOLE		23,829	0	0
DISH Network Corporation	COM	25470M109	418	23,300	SH		SOLE		23,300	0	0
DLH Holdings Corporation	COM	23335q100	3,813	250,219	SH		SOLE		250,219	0	0
DLH Holdings Corporation	COM	23335q100	2,943	193,089	SH		DFND		0	0	193,089
Ducommun Inc	COM	264147109	3,540	82,255	SH		SOLE		82,255	0	0
Ducommun Inc	COM	264147109	3,372	78,335	SH		DFND		0	0	78,335
E.W. Scripps Company	COM	811054402	7,878	631,718	SH		SOLE		631,718	0	0
E.W. Scripps Company	COM	811054402	3,499	280,574	SH		DFND		0	0	280,574
Ecovyst Inc	COM	27923Q109	19,085	1,937,582	SH		SOLE		1,937,582	0	0
Ecovyst Inc	COM	27923Q109	9,228	936,890	SH		DFND		0	0	936,890
Element Solutions Inc	COM	28618M106	1,032	57,973	SH		SOLE		57,973	0	0
Enovis Corporation	COM	194014502	7,393	134,412	SH		SOLE		134,412	0	0
Enovis Corporation	COM	194014502	2,942	53,494	SH		DFND		0	0	53,494
FMC Corporation	COM	302491303	4,864	45,457	SH		SOLE		45,457	0	0
Franco-Nevada Corporation	COM	351858105	3,395	25,800	SH		SOLE		25,800	0	0
Global Indemnity Group LLC	COM	37959r103	3,195	123,493	SH		SOLE		123,493	0	0
Great Elm Group Inc	COM	39037G109	1,330	618,481	SH		SOLE		618,481	0	0
Great Elm Group Inc	COM	39037G109	1,111	516,700	SH		DFND		0	0	516,700
Hallador Energy Company	COM	40609P105	3,479	643,160	SH		SOLE		643,160	0	0
Hallador Energy Company	COM	40609P105	1,287	237,985	SH		DFND		0	0	237,985
Hamilton Thorne Ltd	COM	407891100	58	51,754	SH		SOLE		51,754	0	0
Henry Schein Inc	COM	806407102	1,453	18,939	SH		SOLE		18,939	0	0
Heritage-Crystal Clean Inc	COM	42726m106	6,910	256,314	SH		SOLE		256,314	0	0
Heritage-Crystal Clean Inc	COM	42726m106	4,601	170,665	SH		DFND		0	0	170,665
Howmet Aerospace Inc	COM	443201108	1,373	43,671	SH		SOLE		43,671	0	0
IAC InterActive Corporation	COM	44891N208	1,334	17,559	SH		SOLE		17,559	0	0
IEH Corporation	COM	44949K107	1,093	90,000	SH		SOLE		90,000	0	0
InfuSystems Holdings Inc	COM	45685K102	2,068	214,715	SH		SOLE		214,715	0	0
InfuSystems Holdings Inc	COM	45685K102	1,857	192,800	SH		DFND		0	0	192,800
IPG Photonics Corporation	COM	44980X109	1,315	13,970	SH		SOLE		13,970	0	0
Issuer Direct Corporation	COM	46520m204	63	2,479	SH		SOLE		2,479	0	0
KBR Inc	COM	48242W106	10,151	209,771	SH		SOLE		209,771	0	0
KBR Inc	COM	48242W106	4,186	86,500	SH		DFND		0	0	86,500
Kinder Morgan Inc	COM	49456B101	328	19,600	SH		SOLE		19,600	0	0
Landec Corporation	COM	514766104	13,790	1,383,128	SH		SOLE		1,383,128	0	0
Landec Corporation	COM	514766104	5,367	538,293	SH		DFND		0	0	538,293
Liberty Media Acquisition Corp	COM	53073L104	3,426	348,134	SH		SOLE		348,134	0	0
Liberty Media Acquisition Corp	COM	53073L104	2,415	245,400	SH		DFND		0	0	245,400
Liberty SiriusXM Group - A	COM	531229409	5,471	151,806	SH		SOLE		151,806	0	0
Liberty TripAdvisor Holdings Inc	COM	531465102	1,844	2,437,390	SH		SOLE		2,437,390	0	0
Liberty TripAdvisor Holdings Inc	COM	531465102	924	1,221,129	SH		DFND		0	0	1,221,129
Lions Gate Entertainment Corporation	COM	535919500	12,296	1,392,496	SH		SOLE		1,392,496	0	0
Lions Gate Entertainment Corporation	COM	535919500	4,107	465,100	SH		DFND		0	0	465,100
Lumen Technologies Inc	COM	550241103	8,916	817,277	SH		SOLE		817,277	0	0
Millicom International Cellular	COM	l6388f110	8,503	591,690	SH		SOLE		591,690	0	0
Millicom International Cellular	COM	l6388f110	3,817	265,629	SH		DFND		0	0	265,629
N-able Inc	COM	62878D100	2,116	235,163	SH		SOLE		235,163	0	0
N-able Inc	COM	62878D100	1,882	209,105	SH		DFND		0	0	209,105
Nature's Sunshine Products Inc	COM	639027101	581	54,439	SH		SOLE		54,439	0	0
Nature's Sunshine Products Inc	COM	639027101	1,607	150,653	SH		DFND		0	0	150,653
NewMarket Corporation	COM	651587107	5,793	19,250	SH		SOLE		19,250	0	0
NewMarket Corporation	COM	651587107	4,412	14,660	SH		DFND		0	0	14,660
Northern Technologies International	COM	665809109	26	2,769	SH		SOLE		2,769	0	0
Omni-Lite Industries Canada	COM	681976106	54	86,398	SH		SOLE		86,398	0	0
Overseas Shipholding Group Inc	COM	69036R863	26	12,500	SH		SOLE		12,500	0	0
Philip Morris International In	COM	718172109	118	1,200	SH		SOLE		1,200	0	0
Quipt Home Medical Corporation	COM	74880P104	30	6,556	SH		SOLE		6,556	0	0
Quorum Information Technologies	COM	749093100	55	77,266	SH		SOLE		77,266	0	0
Regal Rexnord Corporation	COM	758750103	2,384	21,005	SH		SOLE		21,005	0	0
Research Solutions Inc	COM	761025105	1,873	1,052,503	SH		SOLE		1,052,503	0	0
Research Solutions Inc	COM	761025105	1,453	816,353	SH		DFND		0	0	816,353
SecureWorks Corporation	COM	81374A105	4,633	426,620	SH		SOLE		426,620	0	0
SecureWorks Corporation	COM	81374A105	2,508	230,908	SH		DFND		0	0	230,908
Sensata Technologies Holding	COM	G8060N102	1,182	28,607	SH		SOLE		28,607	0	0
Six Flags Entertainment Corporation	COM	83001a102	5,716	263,400	SH		SOLE		263,400	0	0
Six Flags Entertainment Corporation	COM	83001a102	2,925	134,799	SH		DFND		0	0	134,799
Skechers U.S.A. Inc CL A	COM	830566105	5,960	167,510	SH		SOLE		167,510	0	0
Skechers U.S.A. Inc CL A	COM	830566105	2,715	76,308	SH		DFND		0	0	76,308
Spectrum Brands Holdings Inc	COM	84790a105	1,376	16,776	SH		SOLE		16,776	0	0
Standex International Corporation	COM	854231107	3,474	40,976	SH		SOLE		40,976	0	0
Standex International Corporation	COM	854231107	2,788	32,889	SH		DFND		0	0	32,889
Star Group L.P.	COM	85512c105	427	46,600	SH		SOLE		46,600	0	0
StoneX Group Inc	COM	861896108	8,029	102,848	SH		SOLE		102,848	0	0
StoneX Group Inc	COM	861896108	5,027	64,393	SH		DFND		0	0	64,393
Tapestry Inc	COM	876030107	1,341	43,931	SH		SOLE		43,931	0	0
TEGNA Inc	COM	87901j105	20	945	SH		SOLE		945	0	0
The Bank of New York Mellon Co	COM	064058100	1,477	35,415	SH		SOLE		35,415	0	0
The Eastern Company	COM	276317104	28	1,354	SH		SOLE		1,354	0	0
The Monarch Cement Company	COM	609031307	15	143	SH		SOLE		143	0	0
The Stephan Company	COM	858603103	10	5,927	SH		SOLE		5,927	0	0
Tiptree Inc	COM	88822Q103	2,201	207,271	SH		SOLE		207,271	0	0
Tiptree Inc	COM	88822Q103	1,299	122,327	SH		DFND		0	0	122,327
UFP Technologies Inc	COM	902673102	4,246	53,360	SH		SOLE		53,360	0	0
UFP Technologies Inc	COM	902673102	3,329	41,832	SH		DFND		0	0	41,832
Viasat Inc	COM	92552v100	13,502	440,799	SH		SOLE		440,799	0	0
Viasat Inc	COM	92552v100	7,349	239,936	SH		DFND		0	0	239,936
Viemed Healthcare Inc	COM	92663r105	4,512	838,680	SH		SOLE		838,680	0	0
Viemed Healthcare Inc	COM	92663r105	3,409	633,562	SH		DFND		0	0	633,562
Warner Bros Discovery Inc	COM	934423104	409	30,500	SH		SOLE		30,500	0	0
Wayside Technology Group Inc	COM	946760105	6,017	181,007	SH		SOLE		181,007	0	0
Wayside Technology Group Inc	COM	946760105	3,695	111,163	SH		DFND		0	0	111,163
Wells Fargo & Company	COM	949746101	2,656	67,800	SH		SOLE		67,800	0	0
White Mountains Insurance Group	COM	g9618e107	12,991	10,425	SH		SOLE		10,425	0	0
White Mountains Insurance Group	COM	g9618e107	7,320	5,874	SH		DFND		0	0	5,874