Marty Whitman - Third Avenue Management 13F Activity & Position Changes (Q1 2017)

As of Mar 31, 2017, 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 2017, the filing reported:

New Buys - Avnet, Inc., EOG Resources, Inc., Photronics, Inc., Tri Pointe Homes, Inc.

Increases - Amgen Inc., The Bank of New York Mellon Cor, Brookdale Senior Living Inc., Devon Energy Corporation, Genpact, and 23 more

Reductions - Alamo Group, Inc., Brookfield Asset Management Ltd., Commerce Bancshares, Inc., Century Communities, Inc., Cullen/Frost Bankers, Inc., and 22 more

Complete Exits - AGCO Corporation, Kirby Corporation

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 2017	AGCO AGCO Corporation	AGCO Corporation	Sell - Position Exit	-374,671	-100.0%	$0.00	-
Q1 2017	ALG Alamo Group, Inc.	Alamo Group, Inc.	Sell	-16,500	-19.2%	$5.30K	69,506
Q1 2017	AMGN Amgen Inc.	Amgen Inc.	Buy	+822	+0.4%	$34.63K	211,084
Q1 2017	AVT Avnet, Inc.	Avnet, Inc.	Buy - Position Entry	+284,341	-	$13.01K	284,341
Q1 2017	BAM Brookfield Asset Management Ltd.	Brookfield Asset Management Ltd.	Sell	-4,128	-0.1%	$156.60K	4,295,013
Q1 2017	BK The Bank of New York Mellon Cor	The Bank of New York Mellon Cor	Buy	+8,671	+0.5%	$83.51K	1,768,136
Q1 2017	BKD Brookdale Senior Living Inc.	Brookdale Senior Living Inc.	Buy	+46,013	+2.3%	$27.80K	2,069,954
Q1 2017	CBSH Commerce Bancshares, Inc.	Commerce Bancshares, Inc.	Sell	-32,600	-17.6%	$8.58K	152,706
Q1 2017	CCS Century Communities, Inc.	Century Communities, Inc.	Sell	-38,000	-40.0%	$1.45K	56,974
Q1 2017	CFR Cullen/Frost Bankers, Inc.	Cullen/Frost Bankers, Inc.	Sell	-15,600	-19.0%	$5.91K	66,400
Q1 2017	CMA Comerica Incorporated	Comerica Incorporated	Sell	-62,260	-6.0%	$66.89K	975,344
Q1 2017	CNH CNH Industrial	CNH Industrial	Sell	-33,300	-6.8%	$4.40K	456,800
Q1 2017	CVCO Cavco Industries, Inc.	Cavco Industries, Inc.	Sell	-56,453	-11.9%	$48.48K	416,466
Q1 2017	DORM Dorman Products, Inc.	Dorman Products, Inc.	Sell	-23,100	-28.3%	$4.80K	58,400
Q1 2017	DVN Devon Energy Corporation	Devon Energy Corporation	Buy	+3,961	+0.5%	$32.05K	768,306
Q1 2017	EME EMCOR Group, Inc.	EMCOR Group, Inc.	Sell	-5,500	-6.3%	$5.17K	82,107
Q1 2017	EOG EOG Resources, Inc.	EOG Resources, Inc.	Buy - Position Entry	+156,897	-	$15.30K	156,897
Q1 2017	FLWS 1-800-FLOWERS.COM, Inc.	1-800-FLOWERS.COM, Inc.	Sell	-97,531	-19.4%	$4.12K	404,033
Q1 2017	FR First Industrial Realty Trust,	First Industrial Realty Trust,	Sell	-5,800	-0.3%	$47.86K	1,797,143
Q1 2017	G Genpact	Genpact	Buy	+32,700	+14.8%	$6.30K	254,366
Q1 2017	G0457F107 Arcos Dorados	Arcos Dorados	Buy	+99,500	+8.6%	$10.16K	1,262,600
Q1 2017	G9618E107 White Mountains	White Mountains	Buy	+295	+0.5%	$56.65K	64,386
Q1 2017	GIII G-III Apparel Group, LTD.	G-III Apparel Group, LTD.	Buy	+52,100	+36.5%	$4.26K	194,701
Q1 2017	ICFI ICF International, Inc.	ICF International, Inc.	Buy	+9,400	+6.9%	$5.98K	144,822
Q1 2017	JCI Johnson Controls International	Johnson Controls International	Buy	+47,343	+6.6%	$32.14K	763,067
Q1 2017	KALU Kaiser Aluminum Corporation	Kaiser Aluminum Corporation	Buy	+8,700	+16.5%	$4.91K	61,478
Q1 2017	KEX Kirby Corporation	Kirby Corporation	Sell - Position Exit	-82,600	-100.0%	$0.00	-
Q1 2017	KEY KeyCorp	KeyCorp	Buy	+10,208	+1.0%	$17.73K	997,176
Q1 2017	KW Kennedy-Wilson Holdings Inc.	Kennedy-Wilson Holdings Inc.	Sell	-6,400	-0.5%	$27.50K	1,238,753
Q1 2017	LEN Lennar Corporation	Lennar Corporation	Buy	+4,766	+0.2%	$151.35K	2,956,713

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