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

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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 03	PFD	74915M308	41	900	SH		SOLE		900	0	0
AGNC Investment Corp	PFD	00123q500	327	14,000	SH		SOLE		14,000	0	0
Wells Fargo & Company FPP 7.5	PFD	949746804	265	220	SH		SOLE		220	0	0
Abbott Laboratories	COM	002824100	97	1,000	SH		SOLE		1,000	0	0
AbbVie Inc	COM	00287y109	134	1,000	SH		SOLE		1,000	0	0
ALJ Regional Holdings Inc	COM	001627108	8	4,158	SH		SOLE		4,158	0	0
Axalta Coating Systems Ltd	COM	g0750c108	3,707	176,027	SH		SOLE		176,027	0	0
Berkshire Hathaway Inc CL B	COM	084670702	3,324	12,450	SH		SOLE		12,450	0	0
BlackRock TCP Capital Corporation	COM	09259E108	71	6,500	SH		SOLE		6,500	0	0
Butler National Corporation	COM	123720104	2	3,000	SH		SOLE		3,000	0	0
CarGurus Inc	COM	141788109	1,367	96,500	SH		SOLE		96,500	0	0
CarGurus Inc	COM	141788109	1,066	75,200	SH		DFND		0	0	75,200
Chase Corporation	COM	16150r104	3,323	39,767	SH		SOLE		39,767	0	0
Chase Corporation	COM	16150r104	1,713	20,503	SH		DFND		0	0	20,503
Chevron Corporation	COM	166764100	144	1,000	SH		SOLE		1,000	0	0
Clean Harbors Inc	COM	184496107	2,467	22,427	SH		SOLE		22,427	0	0
CNX Resources Corporation	COM	12653C108	3,246	209,000	SH		SOLE		209,000	0	0
CNX Resources Corporation	COM	12653C108	3,041	195,800	SH		DFND		0	0	195,800
Commvault Systems Inc	COM	204166102	5,458	102,900	SH		SOLE		102,900	0	0
Commvault Systems Inc	COM	204166102	2,467	46,518	SH		DFND		0	0	46,518
Compass Minerals International	COM	20451n101	14,178	367,963	SH		SOLE		367,963	0	0
Compass Minerals International	COM	20451n101	6,735	174,789	SH		DFND		0	0	174,789
CTO Realty Growth Inc	COM	22948Q101	333	17,784	SH		SOLE		17,784	0	0
Devon Energy Corporation	COM	25179M103	1,433	23,829	SH		SOLE		23,829	0	0
DISH Network Corporation	COM	25470M109	391	28,300	SH		SOLE		28,300	0	0
DLH Holdings Corporation	COM	23335q100	3,214	261,907	SH		SOLE		261,907	0	0
DLH Holdings Corporation	COM	23335q100	2,269	184,889	SH		DFND		0	0	184,889
Ducommun Inc	COM	264147109	3,239	81,670	SH		SOLE		81,670	0	0
Ducommun Inc	COM	264147109	3,107	78,335	SH		DFND		0	0	78,335
E.W. Scripps Company	COM	811054402	7,316	649,199	SH		SOLE		649,199	0	0
E.W. Scripps Company	COM	811054402	3,755	333,174	SH		DFND		0	0	333,174
Ecovyst Inc	COM	27923Q109	16,649	1,972,670	SH		SOLE		1,972,670	0	0
Ecovyst Inc	COM	27923Q109	7,864	931,780	SH		DFND		0	0	931,780
Element Solutions Inc	COM	28618M106	926	56,909	SH		SOLE		56,909	0	0
Enovis Corporation	COM	194014502	6,933	150,493	SH		SOLE		150,493	0	0
Enovis Corporation	COM	194014502	2,667	57,894	SH		DFND		0	0	57,894
FMC Corporation	COM	302491303	4,535	42,907	SH		SOLE		42,907	0	0
Franco-Nevada Corporation	COM	351858105	3,083	25,800	SH		SOLE		25,800	0	0
Global Indemnity Group LLC	COM	37959r103	2,521	114,235	SH		SOLE		114,235	0	0
Great Elm Group Inc	COM	39037G109	1,230	615,126	SH		SOLE		615,126	0	0
Great Elm Group Inc	COM	39037G109	1,033	516,700	SH		DFND		0	0	516,700
GXO Logistics Inc	COM	36262g101	939	26,789	SH		SOLE		26,789	0	0
Hallador Energy Company	COM	40609P105	3,496	622,053	SH		SOLE		622,053	0	0
Hallador Energy Company	COM	40609P105	1,337	237,985	SH		DFND		0	0	237,985
Hamilton Thorne Ltd	COM	407891100	12	10,564	SH		SOLE		10,564	0	0
Henry Schein Inc	COM	806407102	1,094	16,631	SH		SOLE		16,631	0	0
Heritage-Crystal Clean Inc	COM	42726m106	6,772	229,000	SH		SOLE		229,000	0	0
Heritage-Crystal Clean Inc	COM	42726m106	5,047	170,665	SH		DFND		0	0	170,665
Howmet Aerospace Inc	COM	443201108	1,155	37,345	SH		SOLE		37,345	0	0
IAC InterActive Corporation	COM	44891N208	1,730	31,245	SH		SOLE		31,245	0	0
IEH Corporation	COM	44949K107	937	89,200	SH		SOLE		89,200	0	0
InfuSystems Holdings Inc	COM	45685K102	2,003	286,482	SH		SOLE		286,482	0	0
InfuSystems Holdings Inc	COM	45685K102	1,910	273,275	SH		DFND		0	0	273,275
Innovative Solutions	COM	45769N105	9	1,031	SH		SOLE		1,031	0	0
IPG Photonics Corporation	COM	44980X109	1,006	11,923	SH		SOLE		11,923	0	0
Issuer Direct Corporation	COM	46520m204	5	264	SH		SOLE		264	0	0
KBR Inc	COM	48242W106	8,408	194,544	SH		SOLE		194,544	0	0
KBR Inc	COM	48242W106	3,574	82,700	SH		DFND		0	0	82,700
Kinder Morgan Inc	COM	49456B101	300	18,000	SH		SOLE		18,000	0	0
Landec Corporation	COM	514766104	12,003	1,350,201	SH		SOLE		1,350,201	0	0
Landec Corporation	COM	514766104	4,785	538,293	SH		DFND		0	0	538,293
Liberty SiriusXM Group - A	COM	531229409	5,403	141,935	SH		SOLE		141,935	0	0
Liberty TripAdvisor Holdings Inc	COM	531465102	2,705	2,481,790	SH		SOLE		2,481,790	0	0
Liberty TripAdvisor Holdings Inc	COM	531465102	1,331	1,221,129	SH		DFND		0	0	1,221,129
Lions Gate Entertainment Corporation	COM	535919500	8,924	1,283,975	SH		SOLE		1,283,975	0	0
Lions Gate Entertainment Corporation	COM	535919500	3,232	465,100	SH		DFND		0	0	465,100
Lumen Technologies Inc	COM	550241103	1,118	153,572	SH		SOLE		153,572	0	0
Millicom International Cellular	COM	l6388f110	4,885	428,116	SH		SOLE		428,116	0	0
Millicom International Cellular	COM	l6388f110	2,374	208,029	SH		DFND		0	0	208,029
N-able Inc	COM	62878D100	2,100	227,563	SH		SOLE		227,563	0	0
N-able Inc	COM	62878D100	1,874	203,063	SH		DFND		0	0	203,063
Nature's Sunshine Products Inc	COM	639027101	1,110	134,753	SH		DFND		0	0	134,753
NewMarket Corporation	COM	651587107	5,550	18,450	SH		SOLE		18,450	0	0
NewMarket Corporation	COM	651587107	3,760	12,500	SH		DFND		0	0	12,500
Northern Technologies International	COM	665809109	7	514	SH		SOLE		514	0	0
Omni-Lite Industries Canada	COM	681976106	2	3,806	SH		SOLE		3,806	0	0
Overseas Shipholding Group Inc	COM	69036R863	37	12,500	SH		SOLE		12,500	0	0
Philip Morris International In	COM	718172109	100	1,200	SH		SOLE		1,200	0	0
Quorum Information Technologies	COM	749093100	7	12,270	SH		SOLE		12,270	0	0
Regal Rexnord Corporation	COM	758750103	2,522	17,967	SH		SOLE		17,967	0	0
Research Solutions Inc	COM	761025105	3,229	1,582,911	SH		SOLE		1,582,911	0	0
Research Solutions Inc	COM	761025105	1,847	905,553	SH		DFND		0	0	905,553
SecureWorks Corporation	COM	81374A105	2,702	335,655	SH		SOLE		335,655	0	0
SecureWorks Corporation	COM	81374A105	2,155	267,712	SH		DFND		0	0	267,712
Sensata Technologies Holdings	COM	G8060N102	911	24,432	SH		SOLE		24,432	0	0
Six Flags Entertainment Corporation	COM	83001a102	5,227	295,300	SH		SOLE		295,300	0	0
Six Flags Entertainment Corporation	COM	83001a102	3,013	170,199	SH		DFND		0	0	170,199
Skechers U.S.A. Inc CL A	COM	830566105	4,693	147,937	SH		SOLE		147,937	0	0
Skechers U.S.A. Inc CL A	COM	830566105	2,408	75,908	SH		DFND		0	0	75,908
Standex International Corporation	COM	854231107	3,329	40,776	SH		SOLE		40,776	0	0
Standex International Corporation	COM	854231107	2,685	32,889	SH		DFND		0	0	32,889
Star Group L.P.	COM	85512c105	379	46,600	SH		SOLE		46,600	0	0
StoneX Group Inc	COM	861896108	6,609	79,679	SH		SOLE		79,679	0	0
StoneX Group Inc	COM	861896108	4,674	56,354	SH		DFND		0	0	56,354
Tapestry Inc	COM	876030107	1,078	37,902	SH		SOLE		37,902	0	0
The Bank of New York Mellon Co	COM	064058100	1,172	30,415	SH		SOLE		30,415	0	0
The Eastern Company	COM	276317104	5	310	SH		SOLE		310	0	0
The Monarch Cement Company	COM	609031307	2	23	SH		SOLE		23	0	0
Tiptree Inc	COM	88822Q103	2,530	235,171	SH		SOLE		235,171	0	0
Tiptree Inc	COM	88822Q103	1,614	149,980	SH		DFND		0	0	149,980
UFP Technologies Inc	COM	902673102	3,354	39,068	SH		SOLE		39,068	0	0
UFP Technologies Inc	COM	902673102	3,591	41,832	SH		DFND		0	0	41,832
Viasat Inc	COM	92552v100	19,703	651,768	SH		SOLE		651,768	0	0
Viasat Inc	COM	92552v100	9,634	318,700	SH		DFND		0	0	318,700
Viemed Healthcare Inc	COM	92663r105	4,298	716,293	SH		SOLE		716,293	0	0
Viemed Healthcare Inc	COM	92663r105	3,146	524,367	SH		DFND		0	0	524,367
Warner Bros Discovery Inc	COM	934423104	3,552	308,900	SH		SOLE		308,900	0	0
Wayside Technology Group Inc	COM	946760105	5,368	199,717	SH		SOLE		199,717	0	0
Wayside Technology Group Inc	COM	946760105	3,633	135,144	SH		DFND		0	0	135,144
Wells Fargo & Company	COM	949746101	1,725	42,900	SH		SOLE		42,900	0	0
White Mountains Insurance Group	COM	g9618e107	13,025	9,996	SH		SOLE		9,996	0	0
White Mountains Insurance Group	COM	g9618e107	7,350	5,641	SH		DFND		0	0	5,641