Marty Whitman - Third Avenue Management 13F Activity & Position Changes (Q1 2016)

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, 2016. 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 2016, the filing reported:

New Buys - CSW Industrials, Inc., FNF Group of Fidelity National , Lennar Corporation, Ralph Lauren Corporation, Seaboard Corporation, and 2 more

Increases - ABM Industries Incorporated, Alico, Inc., Brookfield Asset Management Inc, Broadridge Financial Solutions,, Commerce Bancshares, Inc., and 11 more

Reductions - AGCO Corporation, Alamo Group, Inc., Barnes Group, Inc., The Bank of New York Mellon Cor, Brookdale Senior Living Inc., and 36 more

Complete Exits - iShares Core S&P U.S. Value ETF, Loews Corporation, POSCO Holdings Inc., SPDR S&P 500

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 2016	ABM ABM Industries Incorporated	ABM Industries Incorporated	Buy	+48	+0.0%	$3.33K	103,224
Q1 2016	AGCO AGCO Corporation	AGCO Corporation	Sell	-703,688	-49.8%	$35.30K	710,300
Q1 2016	ALCO Alico, Inc.	Alico, Inc.	Buy	+212	+0.2%	$3.58K	129,733
Q1 2016	ALG Alamo Group, Inc.	Alamo Group, Inc.	Sell	-13,800	-10.0%	$6.93K	124,402
Q1 2016	B Barnes Group, Inc.	Barnes Group, Inc.	Sell	-121,216	-56.7%	$3.25K	92,749
Q1 2016	BAM Brookfield Asset Management Inc	Brookfield Asset Management Inc	Buy	+413,494	+9.6%	$164.81K	4,737,134
Q1 2016	BK The Bank of New York Mellon Cor	The Bank of New York Mellon Cor	Sell	-458,181	-15.8%	$90.25K	2,450,542
Q1 2016	BKD Brookdale Senior Living Inc.	Brookdale Senior Living Inc.	Sell	-639,183	-20.5%	$39.25K	2,471,848
Q1 2016	BR Broadridge Financial Solutions,	Broadridge Financial Solutions,	Buy	+53	+0.0%	$6.45K	108,778
Q1 2016	CBSH Commerce Bancshares, Inc.	Commerce Bancshares, Inc.	Buy	+105	+0.1%	$8.48K	188,638
Q1 2016	CFR Cullen/Frost Bankers, Inc.	Cullen/Frost Bankers, Inc.	Sell	-17,111	-17.2%	$4.54K	82,323
Q1 2016	CMA Comerica Incorporated	Comerica Incorporated	Sell	-408,819	-16.5%	$78.28K	2,067,054
Q1 2016	CNH CNH Industrial	CNH Industrial	Sell	-63,599	-10.6%	$3.63K	537,178
Q1 2016	CSGS CSG Systems International, Inc.	CSG Systems International, Inc.	Sell	-111,585	-52.2%	$4.61K	102,093
Q1 2016	CSWI CSW Industrials, Inc.	CSW Industrials, Inc.	Buy - Position Entry	+150,348	-	$4.74K	150,348
Q1 2016	CVCO Cavco Industries, Inc.	Cavco Industries, Inc.	Sell	-227,767	-23.8%	$68.20K	729,734
Q1 2016	DORM Dorman Products, Inc.	Dorman Products, Inc.	Sell	-45,152	-29.2%	$5.97K	109,728
Q1 2016	DVN Devon Energy Corporation	Devon Energy Corporation	Sell	-62,075	-5.7%	$28.39K	1,034,672
Q1 2016	EME EMCOR Group, Inc.	EMCOR Group, Inc.	Sell	-15,261	-10.7%	$6.18K	127,187
Q1 2016	ENS EnerSys	EnerSys	Sell	-10,710	-23.0%	$2.00K	35,906
Q1 2016	EQC Equity	Equity	Sell	-1,610,076	-46.8%	$51.59K	1,828,204
Q1 2016	FCN FTI Consulting, Inc.	FTI Consulting, Inc.	Buy	+117	+0.0%	$8.38K	235,986
Q1 2016	FLWS 1-800-FLOWERS.COM, Inc.	1-800-FLOWERS.COM, Inc.	Buy	+332	+0.1%	$5.06K	642,023
Q1 2016	FNF FNF Group of Fidelity National	FNF Group of Fidelity National	Buy - Position Entry	+790,100	-	$26.78K	790,100
Q1 2016	FR First Industrial Realty Trust,	First Industrial Realty Trust,	Sell	-1,996,885	-31.1%	$100.66K	4,426,443
Q1 2016	G Genpact	Genpact	Sell	-29,000	-9.0%	$7.95K	292,342
Q1 2016	G0457F107 Arcos Dorados	Arcos Dorados	Sell	-124,162	-7.1%	$6.07K	1,617,289
Q1 2016	G9618E107 White Mountains	White Mountains	Sell	-16,928	-19.0%	$58.08K	72,359
Q1 2016	GM General Motors Company	General Motors Company	Sell	-770,695	-52.9%	$21.60K	687,348
Q1 2016	ICFI ICF International, Inc.	ICF International, Inc.	Buy	+164	+0.1%	$6.57K	191,129

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