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	PFD	74915M308	31	900	SH		SOLE		900	0	0
AGNC Investment Corp	PFD	00123q500	347	14,000	SH		SOLE		14,000	0	0
Wells Fargo & Company FPP	PFD	949746804	261	220	SH		SOLE		220	0	0
Abbott Laboratories	COM	002824100	110	1,000	SH		SOLE		1,000	0	0
AbbVie Inc	COM	00287y109	162	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	4,361	171,208	SH		SOLE		171,208	0	0
Berkshire Hathaway Inc CL B	COM	084670702	3,599	11,650	SH		SOLE		11,650	0	0
BlackRock TCP Capital Corporation	COM	09259E108	38	2,900	SH		SOLE		2,900	0	0
Butler National Corporation	COM	123720104	2	3,000	SH		SOLE		3,000	0	0
CarGurus Inc	COM	141788109	1,012	72,200	SH		SOLE		72,200	0	0
CarGurus Inc	COM	141788109	1,054	75,200	SH		DFND		0	0	75,200
Chase Corporation	COM	16150r104	2,939	34,067	SH		SOLE		34,067	0	0
Chase Corporation	COM	16150r104	1,769	20,503	SH		DFND		0	0	20,503
Chevron Corporation	COM	166764100	179	1,000	SH		SOLE		1,000	0	0
Clean Harbors Inc	COM	184496107	2,542	22,272	SH		SOLE		22,272	0	0
Climb Global Solutions Inc	COM	946760105	5,340	169,352	SH		SOLE		169,352	0	0
Climb Global Solutions Inc	COM	946760105	4,261	135,144	SH		DFND		0	0	135,144
CNX Resources Corporation	COM	12653C108	3,651	216,800	SH		SOLE		216,800	0	0
CNX Resources Corporation	COM	12653C108	3,297	195,800	SH		DFND		0	0	195,800
Commvault Systems Inc	COM	204166102	5,794	92,200	SH		SOLE		92,200	0	0
Commvault Systems Inc	COM	204166102	2,923	46,518	SH		DFND		0	0	46,518
Compass Minerals International	COM	20451n101	13,449	328,015	SH		SOLE		328,015	0	0
Compass Minerals International	COM	20451n101	7,166	174,789	SH		DFND		0	0	174,789
CTO Realty Growth Inc	COM	22948Q101	325	17,784	SH		SOLE		17,784	0	0
Devon Energy Corporation	COM	25179M103	1,281	20,834	SH		SOLE		20,834	0	0
DISH Network Corporation	COM	25470M109	397	28,300	SH		SOLE		28,300	0	0
DLH Holdings Corporation	COM	23335q100	3,322	279,962	SH		SOLE		279,962	0	0
DLH Holdings Corporation	COM	23335q100	2,409	203,039	SH		DFND		0	0	203,039
Ducommun Inc	COM	264147109	4,193	83,925	SH		SOLE		83,925	0	0
Ducommun Inc	COM	264147109	3,914	78,335	SH		DFND		0	0	78,335
E.W. Scripps Company	COM	811054402	8,177	619,955	SH		SOLE		619,955	0	0
E.W. Scripps Company	COM	811054402	4,395	333,174	SH		DFND		0	0	333,174
Ecovyst Inc	COM	27923Q109	17,060	1,925,505	SH		SOLE		1,925,505	0	0
Ecovyst Inc	COM	27923Q109	8,256	931,780	SH		DFND		0	0	931,780
Element Solutions Inc	COM	28618M106	1,029	56,550	SH		SOLE		56,550	0	0
Enovis Corporation	COM	194014502	8,150	152,277	SH		SOLE		152,277	0	0
Enovis Corporation	COM	194014502	3,098	57,894	SH		DFND		0	0	57,894
FMC Corporation	COM	302491303	5,339	42,781	SH		SOLE		42,781	0	0
Franco-Nevada Corporation	COM	351858105	3,262	23,900	SH		SOLE		23,900	0	0
Global Indemnity Group LLC	COM	37959r103	1,870	80,235	SH		SOLE		80,235	0	0
Great Elm Group Inc	COM	39037G109	778	385,078	SH		SOLE		385,078	0	0
Great Elm Group Inc	COM	39037G109	1,044	516,700	SH		DFND		0	0	516,700
GXO Logistics Inc	COM	36262g101	1,136	26,620	SH		SOLE		26,620	0	0
Hallador Energy Company	COM	40609P105	5,624	562,993	SH		SOLE		562,993	0	0
Hallador Energy Company	COM	40609P105	2,082	208,385	SH		DFND		0	0	208,385
Hamilton Thorne Ltd	COM	407891100	13	10,564	SH		SOLE		10,564	0	0
Henry Schein Inc	COM	806407102	1,177	14,741	SH		SOLE		14,741	0	0
Heritage-Crystal Clean Inc	COM	42726m106	7,174	220,868	SH		SOLE		220,868	0	0
Heritage-Crystal Clean Inc	COM	42726m106	5,543	170,665	SH		DFND		0	0	170,665
Howmet Aerospace Inc	COM	443201108	1,462	37,103	SH		SOLE		37,103	0	0
IAC InterActive Corporation	COM	44891N208	7,209	162,361	SH		SOLE		162,361	0	0
IAC InterActive Corporation	COM	44891N208	2,975	67,000	SH		DFND		0	0	67,000
IEH Corporation	COM	44949K107	580	89,200	SH		SOLE		89,200	0	0
InfuSystems Holdings Inc	COM	45685K102	2,468	284,367	SH		SOLE		284,367	0	0
InfuSystems Holdings Inc	COM	45685K102	2,372	273,275	SH		DFND		0	0	273,275
Innovative Solutions	COM	45769N105	8	1,031	SH		SOLE		1,031	0	0
IPG Photonics Corporation	COM	44980X109	338	3,573	SH		SOLE		3,573	0	0
Issuer Direct Corporation	COM	46520m204	7	264	SH		SOLE		264	0	0
KBR Inc	COM	48242W106	9,496	179,841	SH		SOLE		179,841	0	0
KBR Inc	COM	48242W106	4,367	82,700	SH		DFND		0	0	82,700
Kinder Morgan Inc	COM	49456B101	325	18,000	SH		SOLE		18,000	0	0
Liberty SiriusXM Group - A	COM	531229409	5,361	136,386	SH		SOLE		136,386	0	0
Liberty TripAdvisor Holdings Inc	COM	531465102	1,565	2,337,390	SH		SOLE		2,337,390	0	0
Liberty TripAdvisor Holdings Inc	COM	531465102	1,025	1,530,037	SH		DFND		0	0	1,530,037
Lifecore Biomedical	COM	514766104	8,659	1,336,201	SH		SOLE		1,336,201	0	0
Lifecore Biomedical	COM	514766104	3,953	609,993	SH		DFND		0	0	609,993
Lions Gate Entertainment Corporation	COM	535919500	4,357	802,425	SH		SOLE		802,425	0	0
Lions Gate Entertainment Corporation	COM	535919500	2,964	545,800	SH		DFND		0	0	545,800
Littelfuse Inc	COM	537008104	962	4,368	SH		SOLE		4,368	0	0
Lumen Technologies Inc	COM	550241103	744	142,609	SH		SOLE		142,609	0	0
Millicom International Cellular	COM	l6388f110	4,680	370,513	SH		SOLE		370,513	0	0
Millicom International Cellular	COM	l6388f110	2,627	208,029	SH		DFND		0	0	208,029
N-able Inc	COM	62878D100	2,173	211,398	SH		SOLE		211,398	0	0
N-able Inc	COM	62878D100	2,087	203,063	SH		DFND		0	0	203,063
Nature's Sunshine Products Inc	COM	639027101	1,091	131,153	SH		DFND		0	0	131,153
NewMarket Corporation	COM	651587107	5,274	16,951	SH		SOLE		16,951	0	0
NewMarket Corporation	COM	651587107	3,889	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	42	14,499	SH		SOLE		14,499	0	0
Philip Morris International In	COM	718172109	121	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	2,142	17,854	SH		SOLE		17,854	0	0
Research Solutions Inc	COM	761025105	3,234	1,684,411	SH		SOLE		1,684,411	0	0
Research Solutions Inc	COM	761025105	1,847	962,153	SH		DFND		0	0	962,153
SecureWorks Corporation	COM	81374A105	2,455	384,155	SH		SOLE		384,155	0	0
SecureWorks Corporation	COM	81374A105	1,847	289,012	SH		DFND		0	0	289,012
Sensata Technologies Holding	COM	G8060N102	980	24,278	SH		SOLE		24,278	0	0
Six Flags Entertainment Corporation	COM	83001a102	6,517	280,300	SH		SOLE		280,300	0	0
Six Flags Entertainment Corporation	COM	83001a102	3,957	170,199	SH		DFND		0	0	170,199
Skechers U.S.A. Inc CL A	COM	830566105	1,094	26,071	SH		SOLE		26,071	0	0
Standex International Corporation	COM	854231107	3,920	38,276	SH		SOLE		38,276	0	0
Standex International Corporation	COM	854231107	3,368	32,889	SH		DFND		0	0	32,889
Star Group L.P.	COM	85512c105	483	40,100	SH		SOLE		40,100	0	0
StoneX Group Inc	COM	861896108	6,797	71,319	SH		SOLE		71,319	0	0
StoneX Group Inc	COM	861896108	5,371	56,354	SH		DFND		0	0	56,354
Tapestry Inc	COM	876030107	1,332	34,979	SH		SOLE		34,979	0	0
The Bank of New York Mellon Co	COM	064058100	1,271	27,915	SH		SOLE		27,915	0	0
The Eastern Company	COM	276317104	6	310	SH		SOLE		310	0	0
The Monarch Cement Company	COM	609031307	2	23	SH		SOLE		23	0	0
Tiptree Inc	COM	88822Q103	3,041	219,725	SH		SOLE		219,725	0	0
Tiptree Inc	COM	88822Q103	2,076	149,980	SH		DFND		0	0	149,980
Trimble Navigation Ltd	COM	896239100	988	19,548	SH		SOLE		19,548	0	0
UFP Technologies Inc	COM	902673102	7	62	SH		SOLE		62	0	0
Viasat Inc	COM	92552v100	21,225	670,623	SH		SOLE		670,623	0	0
Viasat Inc	COM	92552v100	10,087	318,700	SH		DFND		0	0	318,700
Viemed Healthcare Inc	COM	92663r105	4,624	611,693	SH		SOLE		611,693	0	0
Viemed Healthcare Inc	COM	92663r105	3,964	524,367	SH		DFND		0	0	524,367
Warner Bros Discovery Inc	COM	934423104	2,776	292,800	SH		SOLE		292,800	0	0
Wells Fargo & Company	COM	949746101	1,685	40,800	SH		SOLE		40,800	0	0
White Mountains Insurance Group	COM	g9618e107	13,131	9,284	SH		SOLE		9,284	0	0
White Mountains Insurance Group	COM	g9618e107	7,978	5,641	SH		DFND		0	0	5,641