Marty Whitman - Third Avenue Management 13F Activity & Position Changes (Q1 2019)

As of Mar 31, 2019, 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 2019, the filing reported:

New Buys - Argan, Inc., Eagle Materials Inc, Mohawk Industries, Inc.

Increases - ATN International, Inc., Customers Bancorp, Inc, Five Point Holdings, LLC, FRP Holdings, Inc., Transocean, and 9 more

Reductions - Acadia Realty Trust, AdvanSix Inc., Brookfield Asset Management Ltd., Century Communities, Inc., Cullen/Frost Bankers, Inc., and 17 more

Complete Exits - Standard Motor Products, Inc., SPDR S&P 500, Tetra Tech, Inc.

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 2019	AGX Argan, Inc.	Argan, Inc.	Buy - Position Entry	+89,000	-	$4.29K	89,000
Q1 2019	AKR Acadia Realty Trust	Acadia Realty Trust	Sell	-523,148	-29.7%	$34.90K	1,237,435
Q1 2019	ASIX AdvanSix Inc.	AdvanSix Inc.	Sell	-48,007	-21.0%	$5.51K	180,736
Q1 2019	ATNI ATN International, Inc.	ATN International, Inc.	Buy	+21,157	+18.4%	$8.27K	136,210
Q1 2019	BAM Brookfield Asset Management Ltd.	Brookfield Asset Management Ltd.	Sell	-1,008,284	-37.2%	$80.10K	1,705,617
Q1 2019	CCS Century Communities, Inc.	Century Communities, Inc.	Sell	-25,702	-39.1%	$1.09K	40,000
Q1 2019	CFR Cullen/Frost Bankers, Inc.	Cullen/Frost Bankers, Inc.	Sell	-18,469	-30.4%	$4.26K	42,331
Q1 2019	CMA Comerica Incorporated	Comerica Incorporated	Sell	-90,652	-16.7%	$34.24K	451,256
Q1 2019	CUBI Customers Bancorp, Inc	Customers Bancorp, Inc	Buy	+39	+0.0%	$11.38K	519,152
Q1 2019	EXP Eagle Materials Inc	Eagle Materials Inc	Buy - Position Entry	+175,889	-	$15.65K	175,889
Q1 2019	FCN FTI Consulting, Inc.	FTI Consulting, Inc.	Sell	-23,779	-17.7%	$9.05K	110,343
Q1 2019	FNF FNF Group of Fidelity National	FNF Group of Fidelity National	Sell	-40,785	-7.8%	$18.81K	483,250
Q1 2019	FPH Five Point Holdings, LLC	Five Point Holdings, LLC	Buy	+109,577	+1.0%	$105.97K	11,556,368
Q1 2019	FR First Industrial Realty Trust,	First Industrial Realty Trust,	Sell	-156,773	-14.7%	$31.09K	908,608
Q1 2019	FRPH FRP Holdings, Inc.	FRP Holdings, Inc.	Buy	+7,770	+6.3%	$6.30K	131,757
Q1 2019	G Genpact	Genpact	Sell	-41,194	-25.4%	$4.36K	120,872
Q1 2019	GRBK Green Brick Partners, Inc.	Green Brick Partners, Inc.	Sell	-15,000	-20.0%	$558.00	60,000
Q1 2019	H8817H100 Transocean	Transocean	Buy	+10,657	+0.7%	$11.55K	1,521,285
Q1 2019	HA		Buy	+174,111	+14.6%	$37.07K	1,367,842
Q1 2019	HCC Warrior Met Coal, Inc.	Warrior Met Coal, Inc.	Sell	-653,507	-24.9%	$55.20K	1,965,987
Q1 2019	JBGS JBG SMITH Properties	JBG SMITH Properties	Buy	+677,731	+106.4%	$54.27K	1,314,725
Q1 2019	KALU Kaiser Aluminum Corporation	Kaiser Aluminum Corporation	Sell	-21,859	-34.9%	$3.90K	40,819
Q1 2019	LEN Lennar Corporation	Lennar Corporation	Sell	-604,838	-23.7%	$99.49K	1,945,824
Q1 2019	LEN-B Lennar Corporation	Lennar Corporation	Buy	+5,665	+0.5%	$51.05K	1,248,201
Q1 2019	LOW Lowe's Companies, Inc.	Lowe's Companies, Inc.	Sell	-76,602	-21.7%	$29.47K	276,136
Q1 2019	MAC Macerich Company (The)	Macerich Company (The)	Sell	-120,766	-7.9%	$57.18K	1,403,122
Q1 2019	MHK Mohawk Industries, Inc.	Mohawk Industries, Inc.	Buy - Position Entry	+88,805	-	$11.90K	88,805
Q1 2019	PNC PNC Financial Services Group, I	PNC Financial Services Group, I	Sell	-17,776	-6.3%	$34.92K	264,544
Q1 2019	RYN Rayonier Inc. REIT	Rayonier Inc. REIT	Sell	-180,881	-7.9%	$65.99K	2,100,124
Q1 2019	SEB Seaboard Corporation	Seaboard Corporation	Buy	+98	+6.1%	$7.24K	1,708

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