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

As of Mar 31, 2016, 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 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 Ltd., 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 Ltd.	Brookfield Asset Management Ltd.	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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