Marty Whitman - Third Avenue Management Portfolio Balances (Sep 30, 2025)

As of Sep 30, 2025, the Third Avenue Management portfolio balances reported a total equity value of $532.68M across 50 publicly traded holdings. These balances reflect the most recent SEC 13F filing dated Nov 14, 2025, providing an updated snapshot of assets under management.

The portfolio balances highlight Tidewater Inc. (TDW) as the single largest position, accounting for 9.0% of total equity value, followed by Warrior Met Coal Inc. (HCC), Valaris Ltd. (VAL), Brookfield Corp. (BN), and others. Collectively, the top five holdings represent 32.1% of the portfolio, showing how capital is distributed among core positions and long-term investments.