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

As of Mar 31, 2014, the Third Avenue Management portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on May 13, 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 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 Ltd., 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 Ltd.	Brookfield Asset Management Ltd.	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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