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
Q4 2024Dec 31, 2024	WY Weyerhaeuser Company	Weyerhaeuser Company	Sell	-87,158-28.3%	$6.22M	220,849
Q4 2024Dec 31, 2024	IVT InvenTrust Properties Corp.	InvenTrust Properties Corp.	Sell	-145,176-79.3%	$1.14M	38,000
Q4 2024Dec 31, 2024	CMA Comerica Incorporated	Comerica Incorporated	Sell	-173,002-36.4%	$18.73M	302,881
Q4 2024Dec 31, 2024	HCC Warrior Met Coal, Inc.	Warrior Met Coal, Inc.	Sell	-207,969-26.1%	$31.86M	587,445
Q4 2024Dec 31, 2024	DB Deutsche Bank	Deutsche Bank	Sell	-302,426-12.2%	$37.67M	2,186,504
Q4 2024Dec 31, 2024	LAZ Lazard, Inc.	Lazard, Inc.	Sell - Position Exit	-362,515-100.0%	$0.00	-
Q4 2024Dec 31, 2024	TPHS Trinity Place Holdings Inc.	Trinity Place Holdings Inc.	Sell - Position Exit	-3,475,472-100.0%	$0.00	-
Q3 2024Sep 30, 2024	SD SandRidge Energy, Inc.	SandRidge Energy, Inc.	Buy - Position Entry	+280,554	$3.43M	280,554
Q3 2024Sep 30, 2024	PBF PBF Energy Inc.	PBF Energy Inc.	Buy - Position Entry	+85,958	$2.66M	85,958
Q3 2024Sep 30, 2024	HCC Warrior Met Coal, Inc.	Warrior Met Coal, Inc.	Buy	+31,012+4.1%	$50.83M	795,414
Q3 2024Sep 30, 2024	VAL Valaris Ltd	Valaris Ltd	Buy	+12,189+2.9%	$24.10M	432,347
Q3 2024Sep 30, 2024	WCC WESCO International, Inc.	WESCO International, Inc.	Buy	+10,003+211.2%	$2.48M	14,739
Q3 2024Sep 30, 2024	DB Deutsche Bank	Deutsche Bank	Buy	+7,232+0.3%	$43.05M	2,488,930
Q3 2024Sep 30, 2024	MYRG MYR Group, Inc.	MYR Group, Inc.	Buy	+5,040+7.4%	$7.44M	72,797
Q3 2024Sep 30, 2024	LXU LSB Industries, Inc.	LSB Industries, Inc.	Buy	+1,538+0.2%	$6.35M	789,447
Q3 2024Sep 30, 2024	AMH American Homes 4 Rent	American Homes 4 Rent	Buy	+600+0.2%	$12.33M	321,221
Q3 2024Sep 30, 2024	SUPN Supernus Pharmaceuticals, Inc.	Supernus Pharmaceuticals, Inc.	Buy	+375+0.2%	$5.91M	189,493
Q3 2024Sep 30, 2024	COLL Collegium Pharmaceutical, Inc.	Collegium Pharmaceutical, Inc.	Buy	+370+0.2%	$7.06M	182,651
Q3 2024Sep 30, 2024	ECPG Encore Capital Group Inc	Encore Capital Group Inc	Buy	+344+0.2%	$8.08M	171,022
Q3 2024Sep 30, 2024	CBRE CBRE Group Inc	CBRE Group Inc	Buy	+210+0.1%	$22.78M	183,011
Q3 2024Sep 30, 2024	PB Prosperity Bancshares, Inc.	Prosperity Bancshares, Inc.	Buy	+203+0.2%	$7.36M	102,168
Q3 2024Sep 30, 2024	PLD Prologis, Inc.	Prologis, Inc.	Buy	+54+0.0%	$16.28M	128,943
Q3 2024Sep 30, 2024	RYN Rayonier Inc. REIT	Rayonier Inc. REIT	Buy	+47+0.0%	$10.16M	315,800
Q3 2024Sep 30, 2024	UHAL-B U-Haul Holding Company Series N	U-Haul Holding Company Series N	Buy	+19+0.0%	$20.49M	284,528
Q3 2024Sep 30, 2024	ITIC Investors Title Company	Investors Title Company	Sell	-58-0.1%	$8.99M	39,139
Q3 2024Sep 30, 2024	ICFI ICF International, Inc.	ICF International, Inc.	Sell	-69-0.2%	$7.37M	44,188
Q3 2024Sep 30, 2024	PRA ProAssurance Corporation	ProAssurance Corporation	Sell	-81-0.0%	$8.48M	563,988
Q3 2024Sep 30, 2024	FRPH FRP Holdings, Inc.	FRP Holdings, Inc.	Sell	-103-0.0%	$7.55M	252,952
Q3 2024Sep 30, 2024	IVT InvenTrust Properties Corp.	InvenTrust Properties Corp.	Sell	-120-0.1%	$5.20M	183,176
Q3 2024Sep 30, 2024	TPH Tri Pointe Homes, Inc.	Tri Pointe Homes, Inc.	Sell	-167-0.1%	$7.06M	155,830

Page 4 of 79 • 2341 total trades

«‹

2 3 4 5 6

›»