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 2014Dec 31, 2014	ARDC Ares Dynamic Credit Allocation	Ares Dynamic Credit Allocation	Sell	-45,125-13.2%	$4.70K	296,871
Q4 2014Dec 31, 2014	FSTR L.B. Foster Company	L.B. Foster Company	Sell - Position Exit	-66,826-100.0%	$0.00	-
Q4 2014Dec 31, 2014	NHS Neuberger Berman High Yield Str	Neuberger Berman High Yield Str	Sell	-78,800-15.6%	$5.24K	425,826
Q4 2014Dec 31, 2014	HYB New America High Income Fund, I	New America High Income Fund, I	Sell	-84,871-13.0%	$5.06K	565,757
Q4 2014Dec 31, 2014	ALCO Alico, Inc.	Alico, Inc.	Sell	-85,892-37.4%	$7.18K	143,568
Q4 2014Dec 31, 2014	CFR Cullen/Frost Bankers, Inc.	Cullen/Frost Bankers, Inc.	Sell	-94,253-46.9%	$7.53K	106,577
Q4 2014Dec 31, 2014	CVCO Cavco Industries, Inc.	Cavco Industries, Inc.	Sell	-116,384-6.8%	$126.92K	1,601,059
Q4 2014Dec 31, 2014	TFX Teleflex Incorporated	Teleflex Incorporated	Sell	-119,025-68.0%	$6.44K	56,069
Q4 2014Dec 31, 2014	PKX POSCO Holdings Inc.	POSCO Holdings Inc.	Sell	-146,000-7.6%	$113.68K	1,781,486
Q4 2014Dec 31, 2014	MTN Vail Resorts, Inc.	Vail Resorts, Inc.	Sell	-167,014-66.4%	$7.70K	84,439
Q4 2014Dec 31, 2014	KELYA Kelly Services, Inc.	Kelly Services, Inc.	Sell - Position Exit	-225,000-100.0%	$0.00	-
Q4 2014Dec 31, 2014	KALU Kaiser Aluminum Corporation	Kaiser Aluminum Corporation	Sell	-228,026-68.0%	$7.68K	107,548
Q4 2014Dec 31, 2014	BR Broadridge Financial Solutions,	Broadridge Financial Solutions,	Sell	-231,074-67.5%	$5.14K	111,313
Q4 2014Dec 31, 2014	G0457F107 Arcos Dorados	Arcos Dorados	Sell	-241,338-14.0%	$8.00K	1,479,201
Q4 2014Dec 31, 2014	UNF Unifirst Corporation	Unifirst Corporation	Sell	-252,835-66.9%	$15.16K	124,833
Q4 2014Dec 31, 2014	G0450A105 Arch Capital	Arch Capital	Sell	-263,272-68.3%	$7.21K	121,917
Q4 2014Dec 31, 2014	ICFI ICF International, Inc.	ICF International, Inc.	Sell	-270,933-61.5%	$6.94K	169,313
Q4 2014Dec 31, 2014	OSK Oshkosh Corporation (Holding Co	Oshkosh Corporation (Holding Co	Sell - Position Exit	-277,129-100.0%	$0.00	-
Q4 2014Dec 31, 2014	NVDA NVIDIA Corporation	NVIDIA Corporation	Sell	-290,042-9.7%	$53.88K	2,687,373
Q4 2014Dec 31, 2014	ALG Alamo Group, Inc.	Alamo Group, Inc.	Sell	-294,834-66.8%	$7.09K	146,379
Q4 2014Dec 31, 2014	KMT Kennametal Inc.	Kennametal Inc.	Sell - Position Exit	-295,876-100.0%	$0.00	-
Q4 2014Dec 31, 2014	WHG Westwood Holdings Group Inc	Westwood Holdings Group Inc	Sell - Position Exit	-315,624-100.0%	$0.00	-
Q4 2014Dec 31, 2014	UMBF UMB Financial Corporation	UMB Financial Corporation	Sell	-330,493-68.0%	$8.83K	155,202
Q4 2014Dec 31, 2014	RRX Regal Rexnord Corporation	Regal Rexnord Corporation	Sell	-350,434-86.1%	$4.27K	56,756
Q4 2014Dec 31, 2014	PB Prosperity Bancshares, Inc.	Prosperity Bancshares, Inc.	Sell	-362,585-68.1%	$9.41K	169,968
Q4 2014Dec 31, 2014	ENS EnerSys	EnerSys	Sell	-371,585-74.4%	$7.90K	128,000
Q4 2014Dec 31, 2014	CBSH Commerce Bancshares, Inc.	Commerce Bancshares, Inc.	Sell	-373,830-67.3%	$7.89K	181,336
Q4 2014Dec 31, 2014	BK The Bank of New York Mellon Cor	The Bank of New York Mellon Cor	Sell	-389,265-8.7%	$166.44K	4,102,532
Q4 2014Dec 31, 2014	VLY Valley National Bancorp	Valley National Bancorp	Sell	-393,553-45.4%	$4.60K	473,304
Q4 2014Dec 31, 2014	SCL Stepan Company	Stepan Company	Sell	-400,644-68.0%	$7.55K	188,471

Page 65 of 79 • 2341 total trades

«‹

63 64 65 66 67

›»