Marty Whitman - Third Avenue Management 13F Activity & Position Changes (Q1 2015)

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, 2015. 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 2015, the filing reported:

New Buys - Dorman Products, Inc., Macerich Company (The), Pacific Premier Bancorp Inc, Vodafone Group Plc, Verizon Communications Inc.

Increases - ABM Industries Incorporated, AGCO Corporation, Alico, Inc., Alamo Group, Inc., Ares Dynamic Credit Allocation , and 37 more

Reductions - Brookfield Asset Management Inc, The Bank of New York Mellon Cor, BlackRock Credit Allocation Inc, Clean Harbors, Inc., CSG Systems International, Inc., and 19 more

Complete Exits - American International Group, I, Ally Financial Inc., ExlService Holdings, Inc., Navient Corporation, Regal Rexnord Corporation, and 3 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 2015	ABM ABM Industries Incorporated	ABM Industries Incorporated	Buy	+24,085	+11.1%	$7.66K	240,557
Q1 2015	AGCO AGCO Corporation	AGCO Corporation	Buy	+63,911	+3.5%	$91.28K	1,916,080
Q1 2015	AIG American International Group, I	American International Group, I	Sell - Position Exit	-28,200	-100.0%	$0.00	-
Q1 2015	ALCO Alico, Inc.	Alico, Inc.	Buy	+75	+0.1%	$7.36K	143,643
Q1 2015	ALG Alamo Group, Inc.	Alamo Group, Inc.	Buy	+27,543	+18.8%	$10.98K	173,922
Q1 2015	ALLY Ally Financial Inc.	Ally Financial Inc.	Sell - Position Exit	-149,500	-100.0%	$0.00	-
Q1 2015	ARDC Ares Dynamic Credit Allocation	Ares Dynamic Credit Allocation	Buy	+4,260	+1.4%	$4.89K	301,131
Q1 2015	B Barnes Group, Inc.	Barnes Group, Inc.	Buy	+37	+0.0%	$10.71K	264,385
Q1 2015	BAM Brookfield Asset Management Inc	Brookfield Asset Management Inc	Sell	-195,598	-6.4%	$153.21K	2,857,902
Q1 2015	BK The Bank of New York Mellon Cor	The Bank of New York Mellon Cor	Sell	-429,808	-10.5%	$147.79K	3,672,724
Q1 2015	BKD Brookdale Senior Living Inc.	Brookdale Senior Living Inc.	Buy	+123,173	+3.9%	$124.19K	3,288,989
Q1 2015	BTZ BlackRock Credit Allocation Inc	BlackRock Credit Allocation Inc	Sell	-80,644	-8.9%	$11.06K	821,584
Q1 2015	CBSH Commerce Bancshares, Inc.	Commerce Bancshares, Inc.	Buy	+17,884	+9.9%	$8.43K	199,220
Q1 2015	CFR Cullen/Frost Bankers, Inc.	Cullen/Frost Bankers, Inc.	Buy	+17,694	+16.6%	$8.59K	124,271
Q1 2015	CLH Clean Harbors, Inc.	Clean Harbors, Inc.	Sell	-35,392	-31.0%	$4.47K	78,715
Q1 2015	CMA Comerica Incorporated	Comerica Incorporated	Buy	+420,530	+15.4%	$142.01K	3,146,650
Q1 2015	CSGS CSG Systems International, Inc.	CSG Systems International, Inc.	Sell	-33,912	-9.6%	$9.70K	319,229
Q1 2015	CVCO Cavco Industries, Inc.	Cavco Industries, Inc.	Sell	-60,395	-3.8%	$115.64K	1,540,664
Q1 2015	DAR Darling Ingredients Inc.	Darling Ingredients Inc.	Sell	-170,700	-38.6%	$3.80K	271,325
Q1 2015	DORM Dorman Products, Inc.	Dorman Products, Inc.	Buy - Position Entry	+122,452	-	$6.09K	122,452
Q1 2015	DVN Devon Energy Corporation	Devon Energy Corporation	Sell	-17,162	-1.0%	$105.99K	1,757,479
Q1 2015	EME EMCOR Group, Inc.	EMCOR Group, Inc.	Buy	+87	+0.0%	$11.44K	246,200
Q1 2015	ENS EnerSys	EnerSys	Buy	+25	+0.0%	$8.22K	128,025
Q1 2015	EQC Equity	Equity	Buy	+36,405	+1.0%	$96.44K	3,632,355
Q1 2015	EXLS ExlService Holdings, Inc.	ExlService Holdings, Inc.	Sell - Position Exit	-15,007	-100.0%	$0.00	-
Q1 2015	FCN FTI Consulting, Inc.	FTI Consulting, Inc.	Buy	+92	+0.0%	$10.77K	287,435
Q1 2015	FR First Industrial Realty Trust,	First Industrial Realty Trust,	Buy	+48,624	+0.9%	$117.29K	5,473,118
Q1 2015	G Genpact	Genpact	Sell	-213,156	-33.4%	$9.90K	425,805
Q1 2015	G0450A105 Arch Capital	Arch Capital	Sell	-18,423	-15.1%	$6.38K	103,494
Q1 2015	G0457F107 Arcos Dorados	Arcos Dorados	Sell	-18,025	-1.2%	$7.20K	1,461,176

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