Marty Whitman – Third Avenue Management Portfolio Activity & Recent Trades (Jun 30, 2025)

As of Jun 30, 2025, the Third Avenue Management portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on Aug 13, 2025. The activity included new positions, additions to existing holdings, reductions, and complete exits, providing a clear view of how the portfolio evolved during the quarter.

During Q2 2025, the filing reported:

New Buys – Cantaloupe, Inc. (CTLP), Champion Homes, Inc. (SKY), Visteon Corporation (VC)

Increases – Ambac Financial Group, Inc. (AMBC), Tidewater Inc. (TDW), OceanFirst Financial Corp. (OCFC), PulteGroup, Inc. (PHM), Warrior Met Coal, Inc. (HCC), and 8 more

Reductions – UMB Financial Corporation (UMBF), Jones Lang LaSalle Incorporated (JLL), Seaboard Corporation (SEB), Rayonier Inc. REIT (RYN), CBRE Group Inc (CBRE), and 14 more

Complete Exits – U-Haul Holding Company (UHAL), Green Brick Partners, Inc. (GRBK), Stewart Information Services Co (STC), PotlatchDeltic Corporation - Co (PCH), Corporacion Inmobiliaria Vesta, (VTMX), and 7 more

These updates highlight how the portfolio adjusted across different sectors and market conditions, offering insights into allocation shifts and investment trends.

Third Avenue Management Activity

Date	Symbol	Name	Type	Quantity	Value	Remaining
Q2 2023Jun 30, 2023	FIX Comfort Systems USA, Inc.	Comfort Systems USA, Inc.	Sell	-3,198-11.1%	$4.22M	25,704
Q2 2023Jun 30, 2023	LOW Lowe's Companies, Inc.	Lowe's Companies, Inc.	Sell	-5,063-8.1%	$12.89M	57,096
Q2 2023Jun 30, 2023	ICFI ICF International, Inc.	ICF International, Inc.	Sell	-6,023-9.4%	$7.19M	57,779
Q2 2023Jun 30, 2023	EME EMCOR Group, Inc.	EMCOR Group, Inc.	Sell - Position Exit	-32,597-100.0%	$0.00	-
Q2 2023Jun 30, 2023	DHI D.R. Horton, Inc.	D.R. Horton, Inc.	Sell	-33,696-16.9%	$20.16M	165,678
Q2 2023Jun 30, 2023	LEN-B Lennar Corporation	Lennar Corporation	Sell	-60,100-22.0%	$24.11M	213,368
Q2 2023Jun 30, 2023	TPH Tri Pointe Homes, Inc.	Tri Pointe Homes, Inc.	Sell	-103,466-39.9%	$5.13M	155,997
Q2 2023Jun 30, 2023	IVT InvenTrust Properties Corp.	InvenTrust Properties Corp.	Sell	-110,033-20.3%	$10.02M	432,819
Q2 2023Jun 30, 2023	SEB Seaboard Corporation	Seaboard Corporation	Sell	-207,093-98.9%	$8.31M	2,333
Q2 2023Jun 30, 2023	TDW Tidewater Inc.	Tidewater Inc.	Sell	-295,408-21.2%	$60.91M	1,098,599
Q2 2023Jun 30, 2023	PB Prosperity Bancshares, Inc.	Prosperity Bancshares, Inc.	Sell	-344,311-77.2%	$5.76M	101,965
Q2 2023Jun 30, 2023	PCH PotlatchDeltic Corporation - Co	PotlatchDeltic Corporation - Co	Sell	-424,085-95.5%	$1.06M	20,000
Q2 2023Jun 30, 2023	MYRG MYR Group, Inc.	MYR Group, Inc.	Sell	-753,546-90.3%	$11.19M	80,885
Q2 2023Jun 30, 2023	FNF FNF Group of Fidelity National	FNF Group of Fidelity National	Sell	-3,631,172-96.8%	$4.37M	121,428
Q1 2023Mar 31, 2023	FNF FNF Group of Fidelity National	FNF Group of Fidelity National	Buy	+3,573,975+2000.8%	$8.86M	3,752,600
Q1 2023Mar 31, 2023	HA		Buy	+910,431+141.0%	$14.25M	1,556,133
Q1 2023Mar 31, 2023	MYRG MYR Group, Inc.	MYR Group, Inc.	Buy	+733,244+724.6%	$20.84M	834,431
Q1 2023Mar 31, 2023	PCH PotlatchDeltic Corporation - Co	PotlatchDeltic Corporation - Co	Buy	+424,085+2120.4%	$8.21M	444,085
Q1 2023Mar 31, 2023	PB Prosperity Bancshares, Inc.	Prosperity Bancshares, Inc.	Buy	+344,311+337.7%	$14.84M	446,276
Q1 2023Mar 31, 2023	SEB Seaboard Corporation	Seaboard Corporation	Buy	+207,090+8865.2%	$6.95M	209,426
Q1 2023Mar 31, 2023	CMA Comerica Incorporated	Comerica Incorporated	Buy	+176,912+58.3%	$20.86M	480,358
Q1 2023Mar 31, 2023	DB Deutsche Bank	Deutsche Bank	Buy	+122,738+4.2%	$30.61M	3,011,103
Q1 2023Mar 31, 2023	HCC Warrior Met Coal, Inc.	Warrior Met Coal, Inc.	Buy	+68,653+5.4%	$49.31M	1,343,267
Q1 2023Mar 31, 2023	JLL Jones Lang LaSalle Incorporated	Jones Lang LaSalle Incorporated	Buy - Position Entry	+51,235	$7.45M	51,235
Q1 2023Mar 31, 2023	SPHR Sphere Entertainment Co.	Sphere Entertainment Co.	Buy	+23,643+37.2%	$10.99M	87,201
Q1 2023Mar 31, 2023	WASH Washington Trust Bancorp, Inc.	Washington Trust Bancorp, Inc.	Buy	+21,569+11.8%	$7.08M	204,314
Q1 2023Mar 31, 2023	UMBF UMB Financial Corporation	UMB Financial Corporation	Buy	+20,471+15.9%	$8.62M	149,423
Q1 2023Mar 31, 2023	ECPG Encore Capital Group Inc	Encore Capital Group Inc	Buy	+13,306+11.1%	$6.70M	132,837
Q1 2023Mar 31, 2023	VAL Valaris Ltd	Valaris Ltd	Buy	+9,269+3.1%	$20.12M	309,204
Q1 2023Mar 31, 2023	BN Brookfield Corporation	Brookfield Corporation	Buy	+584+0.1%	$16.99M	521,226

Page 11 of 79 • 2341 total trades

«‹

9 10 11 12 13

›»