Marty Whitman - Third Avenue Management 13F Activity & Position Changes (Q2 2026)

According to the SEC 13F filed on Aug 12, 2026, the Third Avenue Management portfolio showed several notable changes in holdings as of quarter-end Jun 30, 2026. 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 2026, the filing reported:

New Buys - CRA International,Inc., Maximus, Inc., Taylor Morrison Home Corporatio

Increases - Alamo Group, Inc., Ambac Financial Group, Inc., Boise Cascade, L.L.C., Brookdale Senior Living Inc., Collegium Pharmaceutical, Inc., and 8 more

Reductions - American Homes 4 Rent, Atlanta Braves Holdings, Inc. -, Atlanta Braves Holdings, Inc. -, Brookfield Corporation, CBRE Group Inc, and 18 more

Complete Exits - ProAssurance Corporation, Tri Pointe Homes, Inc.

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

Date	Symbol	Name	Type	Change Qty	% Change	Value	Remaining
Q2 2026	ALG Alamo Group, Inc.	Alamo Group, Inc.	Buy	+7,933	+23.1%	$6.95M	42,265
Q2 2026	AMBC Ambac Financial Group, Inc.	Ambac Financial Group, Inc.	Buy	+668	+0.0%	$8.37M	1,341,879
Q2 2026	AMH American Homes 4 Rent	American Homes 4 Rent	Sell	-462	-0.2%	$8.78M	262,058
Q2 2026	BATRA Atlanta Braves Holdings, Inc. -	Atlanta Braves Holdings, Inc. -	Sell	-52,558	-32.0%	$6.30M	111,880
Q2 2026	BATRK Atlanta Braves Holdings, Inc. -	Atlanta Braves Holdings, Inc. -	Sell	-77	-0.3%	$1.35M	26,027
Q2 2026	BCC Boise Cascade, L.L.C.	Boise Cascade, L.L.C.	Buy	+40,065	+7.1%	$46.74M	602,086
Q2 2026	BKD Brookdale Senior Living Inc.	Brookdale Senior Living Inc.	Buy	+31,162	+6.7%	$7.96M	494,826
Q2 2026	BN Brookfield Corporation	Brookfield Corporation	Sell	-86,566	-18.0%	$16.82M	394,929
Q2 2026	CBRE CBRE Group Inc	CBRE Group Inc	Sell	-434	-0.3%	$18.30M	135,896
Q2 2026	COLL Collegium Pharmaceutical, Inc.	Collegium Pharmaceutical, Inc.	Buy	+27,502	+17.7%	$6.61M	182,645
Q2 2026	CRAI CRA International,Inc.	CRA International,Inc.	Buy - Position Entry	+20,819	-	$2.96M	20,819
Q2 2026	DHI D.R. Horton, Inc.	D.R. Horton, Inc.	Sell	-4,631	-6.3%	$11.27M	69,205
Q2 2026	ECPG Encore Capital Group Inc	Encore Capital Group Inc	Sell	-12,795	-9.0%	$12.10M	129,717
Q2 2026	FNF FNF Group of Fidelity National	FNF Group of Fidelity National	Sell	-336	-0.2%	$9.11M	193,119
Q2 2026	FPH Five Point Holdings, LLC	Five Point Holdings, LLC	Sell	-165,007	-4.3%	$19.48M	3,696,155
Q2 2026	FR First Industrial Realty Trust,	First Industrial Realty Trust,	Sell	-3,518	-4.3%	$4.75M	77,498
Q2 2026	FSV FirstService Corporation	FirstService Corporation	Buy	+11,499	+22.8%	$8.80M	61,951
Q2 2026	HCC Warrior Met Coal, Inc.	Warrior Met Coal, Inc.	Sell	-78,604	-21.6%	$23.16M	285,398
Q2 2026	HOG Harley-Davidson, Inc.	Harley-Davidson, Inc.	Buy	+18,210	+1.2%	$36.22M	1,480,880
Q2 2026	ICFI ICF International, Inc.	ICF International, Inc.	Buy	+27,157	+37.9%	$7.21M	98,893
Q2 2026	JLL Jones Lang LaSalle Incorporated	Jones Lang LaSalle Incorporated	Sell	-354	-1.1%	$9.93M	32,053
Q2 2026	KALU Kaiser Aluminum Corporation	Kaiser Aluminum Corporation	Sell	-33	-0.1%	$5.84M	29,848
Q2 2026	LEN-B Lennar Corporation	Lennar Corporation	Buy	+6,815	+4.8%	$13.28M	149,658
Q2 2026	MMS Maximus, Inc.	Maximus, Inc.	Buy - Position Entry	+74,085	-	$3.98M	74,085
Q2 2026	MYRG MYR Group, Inc.	MYR Group, Inc.	Sell	-15,753	-54.7%	$6.54M	13,066
Q2 2026	PHM PulteGroup, Inc.	PulteGroup, Inc.	Sell	-17	-0.0%	$13.05M	95,111
Q2 2026	PLD Prologis, Inc.	Prologis, Inc.	Sell	-21,122	-16.8%	$14.20M	104,823
Q2 2026	PRA ProAssurance Corporation	ProAssurance Corporation	Sell - Position Exit	-260,608	-100.0%	$0.00	-
Q2 2026	RHI Robert Half Inc.	Robert Half Inc.	Buy	+304,431	+33.7%	$37.10M	1,208,336
Q2 2026	ROG Rogers Corporation	Rogers Corporation	Sell	-89,441	-59.2%	$10.08M	61,584

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