Marty Whitman – Third Avenue Management Portfolio Balances & Equity Value (Jun 30, 2025)

As of Jun 30, 2025, the Third Avenue Management portfolio balances reported a total equity value of $484.93M across 52 publicly traded holdings. These balances reflect the most recent SEC 13F filing dated Aug 13, 2025, providing an updated snapshot of assets under management.

The portfolio balances highlight Tidewater Inc. (TDW) as the single largest position, accounting for 8.3% of total equity value, followed by Deutsche Bank AG (DB), Warrior Met Coal Inc. (HCC), Valaris Ltd. (VAL), and others. Collectively, the top five holdings represent 30.5% of the portfolio, showing how capital is distributed among core positions and long-term investments.