Marty Whitman - Third Avenue Management 13F Activity & Position Changes (Q1 2014)

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 Mar 31, 2014. 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 Q1 2014, the filing reported:

New Buys - American Homes 4 Rent, Ares Dynamic Credit Allocation , CSG Systems International, Inc., Denison Mines Corp, ExlService Holdings, Inc., and 12 more

Increases - , Brookdale Senior Living Inc., BlackRock Credit Allocation Inc, Commerce Bancshares, Inc., Cullen/Frost Bankers, Inc., and 17 more

Reductions - ABM Industries Incorporated, Alico, Inc., Alamo Group, Inc., Brookfield Asset Management Inc, The Bank of New York Mellon Cor, and 33 more

Complete Exits - American Eagle Outfitters, Inc., Bel Fuse Inc., Cross Country Healthcare, Inc., Capitol Federal Financial, Inc., Cenovus Energy Inc, and 5 more

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
Q1 2014	ABM ABM Industries Incorporated	ABM Industries Incorporated	Sell	-296,251	-28.4%	$21.43K	745,547
Q1 2014	AEO American Eagle Outfitters, Inc.	American Eagle Outfitters, Inc.	Sell - Position Exit	-618,067	-100.0%	$0.00	-
Q1 2014	ALCO Alico, Inc.	Alico, Inc.	Sell	-8,695	-2.5%	$12.64K	335,217
Q1 2014	ALG Alamo Group, Inc.	Alamo Group, Inc.	Sell	-50,788	-9.9%	$24.99K	460,001
Q1 2014	AMH American Homes 4 Rent	American Homes 4 Rent	Buy - Position Entry	+880,720	-	$14.72K	880,720
Q1 2014	ARDC Ares Dynamic Credit Allocation	Ares Dynamic Credit Allocation	Buy - Position Entry	+329,003	-	$5.96K	329,003
Q1 2014	BAM Brookfield Asset Management Inc	Brookfield Asset Management Inc	Sell	-1,353,672	-24.5%	$169.96K	4,160,589
Q1 2014	BELFB Bel Fuse Inc.	Bel Fuse Inc.	Sell - Position Exit	-530,821	-100.0%	$0.00	-
Q1 2014	BIG		Buy	+99,639	+22.3%	$20.70K	546,692
Q1 2014	BK The Bank of New York Mellon Cor	The Bank of New York Mellon Cor	Sell	-2,320,788	-30.5%	$186.90K	5,296,072
Q1 2014	BKD Brookdale Senior Living Inc.	Brookdale Senior Living Inc.	Buy	+240,727	+14.6%	$63.23K	1,886,865
Q1 2014	BR Broadridge Financial Solutions,	Broadridge Financial Solutions,	Sell	-150,525	-27.7%	$14.61K	393,358
Q1 2014	BTZ BlackRock Credit Allocation Inc	BlackRock Credit Allocation Inc	Buy	+583,780	+130.5%	$13.94K	1,031,228
Q1 2014	CALM Cal-Maine Foods, Inc.	Cal-Maine Foods, Inc.	Sell	-195,416	-32.7%	$25.28K	402,616
Q1 2014	CASS Cass Information Systems, Inc	Cass Information Systems, Inc	Sell	-96,784	-49.9%	$5.00K	97,070
Q1 2014	CBSH Commerce Bancshares, Inc.	Commerce Bancshares, Inc.	Buy	+68,447	+17.3%	$21.52K	463,588
Q1 2014	CCRN Cross Country Healthcare, Inc.	Cross Country Healthcare, Inc.	Sell - Position Exit	-1,135,308	-100.0%	$0.00	-
Q1 2014	CFFN Capitol Federal Financial, Inc.	Capitol Federal Financial, Inc.	Sell - Position Exit	-14,075	-100.0%	$0.00	-
Q1 2014	CFR Cullen/Frost Bankers, Inc.	Cullen/Frost Bankers, Inc.	Buy	+10,758	+4.9%	$17.85K	230,230
Q1 2014	CIF MFS Intermediate High Income Fu	MFS Intermediate High Income Fu	Buy	+44,334	+9.2%	$1.55K	524,984
Q1 2014	CMA Comerica Incorporated	Comerica Incorporated	Buy	+9,835	+0.4%	$124.86K	2,410,354
Q1 2014	CMP Compass Minerals Intl Inc	Compass Minerals Intl Inc	Sell	-84,981	-15.5%	$38.30K	464,147
Q1 2014	CSGS CSG Systems International, Inc.	CSG Systems International, Inc.	Buy - Position Entry	+1,028,299	-	$26.78K	1,028,299
Q1 2014	CSWC Capital Southwest Corporation	Capital Southwest Corporation	Sell	-15,000	-6.6%	$7.37K	212,372
Q1 2014	CVCO Cavco Industries, Inc.	Cavco Industries, Inc.	Sell	-77,262	-3.8%	$151.86K	1,935,758
Q1 2014	CVE Cenovus Energy Inc	Cenovus Energy Inc	Sell - Position Exit	-19,200	-100.0%	$0.00	-
Q1 2014	DAR Darling Ingredients Inc.	Darling Ingredients Inc.	Buy	+772,481	+137.4%	$26.72K	1,334,847
Q1 2014	DNN Denison Mines Corp	Denison Mines Corp	Buy - Position Entry	+1,245,100	-	$1.84K	1,245,100
Q1 2014	DVN Devon Energy Corporation	Devon Energy Corporation	Sell	-1,157,622	-31.1%	$171.52K	2,562,708
Q1 2014	EME EMCOR Group, Inc.	EMCOR Group, Inc.	Sell	-279,006	-23.0%	$43.82K	936,449

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