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 2019Jun 30, 2019	MHK Mohawk Industries, Inc.	Mohawk Industries, Inc.	Buy	+34,452+38.8%	$18.18K	123,257
Q2 2019Jun 30, 2019	CUBI Customers Bancorp, Inc	Customers Bancorp, Inc	Buy	+25,877+5.0%	$11.45K	545,029
Q2 2019Jun 30, 2019	MAC Macerich Company (The)	Macerich Company (The)	Buy	+20,402+1.5%	$47.67K	1,423,524
Q2 2019Jun 30, 2019	LEN-B Lennar Corporation	Lennar Corporation	Buy	+18,121+1.5%	$48.77K	1,266,322
Q2 2019Jun 30, 2019	PNC PNC Financial Services Group, I	PNC Financial Services Group, I	Buy	+895+0.3%	$36.44K	265,439
Q2 2019Jun 30, 2019	UHAL U-Haul Holding Company	U-Haul Holding Company	Sell	-3,023-3.9%	$28.31K	74,795
Q2 2019Jun 30, 2019	CMA Comerica Incorporated	Comerica Incorporated	Sell	-5,101-1.1%	$32.41K	446,155
Q2 2019Jun 30, 2019	FCN FTI Consulting, Inc.	FTI Consulting, Inc.	Sell	-6,604-6.0%	$8.70K	103,739
Q2 2019Jun 30, 2019	JBGS JBG SMITH Properties	JBG SMITH Properties	Sell	-13,084-1.0%	$51.21K	1,301,641
Q2 2019Jun 30, 2019	VNO Vornado Realty Trust	Vornado Realty Trust	Sell	-16,192-3.9%	$25.50K	397,834
Q2 2019Jun 30, 2019	FNF FNF Group of Fidelity National	FNF Group of Fidelity National	Sell	-18,350-3.8%	$18.74K	464,900
Q2 2019Jun 30, 2019	VVI Viad Corp	Viad Corp	Sell	-24,457-22.6%	$5.55K	83,778
Q2 2019Jun 30, 2019	LOW Lowe's Companies, Inc.	Lowe's Companies, Inc.	Sell	-43,734-15.8%	$23.45K	232,402
Q2 2019Jun 30, 2019	RYN Rayonier Inc. REIT	Rayonier Inc. REIT	Sell	-71,307-3.4%	$61.47K	2,028,817
Q2 2019Jun 30, 2019	BAM Brookfield Asset Management Inc	Brookfield Asset Management Inc	Sell	-77,113-4.5%	$77.81K	1,628,504
Q2 2019Jun 30, 2019	AKR Acadia Realty Trust	Acadia Realty Trust	Sell	-91,311-7.4%	$31.37K	1,146,124
Q2 2019Jun 30, 2019	ASIX AdvanSix Inc.	AdvanSix Inc.	Sell	-150,027-83.0%	$751.00	30,709
Q2 2019Jun 30, 2019	FR First Industrial Realty Trust,	First Industrial Realty Trust,	Sell	-192,570-21.2%	$26.31K	716,038
Q2 2019Jun 30, 2019	WY Weyerhaeuser Company	Weyerhaeuser Company	Sell	-198,675-4.6%	$107.94K	4,097,807
Q2 2019Jun 30, 2019	HCC Warrior Met Coal, Inc.	Warrior Met Coal, Inc.	Sell	-202,324-10.3%	$46.07K	1,763,663
Q2 2019Jun 30, 2019	LEN Lennar Corporation	Lennar Corporation	Sell	-639,832-32.9%	$63.29K	1,305,992
Q1 2019Mar 31, 2019	JBGS JBG SMITH Properties	JBG SMITH Properties	Buy	+677,731+106.4%	$54.27K	1,314,725
Q1 2019Mar 31, 2019	EXP Eagle Materials Inc	Eagle Materials Inc	Buy - Position Entry	+175,889	$15.65K	175,889
Q1 2019Mar 31, 2019	HA		Buy	+174,111+14.6%	$37.07K	1,367,842
Q1 2019Mar 31, 2019	FPH Five Point Holdings, LLC	Five Point Holdings, LLC	Buy	+109,577+1.0%	$105.97K	11,556,368
Q1 2019Mar 31, 2019	AGX Argan, Inc.	Argan, Inc.	Buy - Position Entry	+89,000	$4.29K	89,000
Q1 2019Mar 31, 2019	MHK Mohawk Industries, Inc.	Mohawk Industries, Inc.	Buy - Position Entry	+88,805	$11.90K	88,805
Q1 2019Mar 31, 2019	TPHS Trinity Place Holdings Inc.	Trinity Place Holdings Inc.	Buy	+72,758+1.5%	$21.39K	5,032,150
Q1 2019Mar 31, 2019	VC Visteon Corporation	Visteon Corporation	Buy	+39,217+40.5%	$8.52K	136,115
Q1 2019Mar 31, 2019	TDW Tidewater Inc.	Tidewater Inc.	Buy	+34,721+1.4%	$56.98K	2,443,270

Page 30 of 79 • 2341 total trades

«‹

28 29 30 31 32

›»