Marty Whitman - Third Avenue Management 13F Activity & Position Changes (Q1 2021)

According to the SEC 13F filed on May 14, 2021, the Third Avenue Management portfolio showed several notable changes in holdings as of quarter-end Mar 31, 2021. 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 2021, the filing reported:

New Buys - BrightSphere Investment Group I, CTO Realty Growth, Inc.

Increases - ATN International, Inc., Comerica Incorporated, Five Point Holdings, LLC, FRP Holdings, Inc., , and 7 more

Reductions - Alamo Group, Inc., American Homes 4 Rent, Brookfield Asset Management Ltd., Cal-Maine Foods, Inc., CBRE Group Inc, and 17 more

Complete Exits - Alico, Inc., Cullen/Frost Bankers, Inc., Korn Ferry, 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 2021	ALCO Alico, Inc.	Alico, Inc.	Sell - Position Exit	-56,343	-100.0%	$0.00	-
Q1 2021	ALG Alamo Group, Inc.	Alamo Group, Inc.	Sell	-14,826	-31.7%	$4.98K	31,880
Q1 2021	AMH American Homes 4 Rent	American Homes 4 Rent	Sell	-32,011	-6.2%	$16.19K	485,718
Q1 2021	ATNI ATN International, Inc.	ATN International, Inc.	Buy	+33,642	+55.8%	$4.61K	93,903
Q1 2021	BAM Brookfield Asset Management Ltd.	Brookfield Asset Management Ltd.	Sell	-133,341	-13.3%	$38.83K	872,661
Q1 2021	BSIG BrightSphere Investment Group I	BrightSphere Investment Group I	Buy - Position Entry	+193,259	-	$3.94K	193,259
Q1 2021	CALM Cal-Maine Foods, Inc.	Cal-Maine Foods, Inc.	Sell	-43,300	-27.2%	$4.46K	116,094
Q1 2021	CBRE CBRE Group Inc	CBRE Group Inc	Sell	-22,910	-12.0%	$13.26K	167,601
Q1 2021	CFR Cullen/Frost Bankers, Inc.	Cullen/Frost Bankers, Inc.	Sell - Position Exit	-42,331	-100.0%	$0.00	-
Q1 2021	CMA Comerica Incorporated	Comerica Incorporated	Buy	+1,827	+0.5%	$26.77K	373,158
Q1 2021	CTO CTO Realty Growth, Inc.	CTO Realty Growth, Inc.	Buy - Position Entry	+19,293	-	$1.00K	19,293
Q1 2021	ESS Essex Property Trust, Inc.	Essex Property Trust, Inc.	Sell	-4,861	-13.1%	$8.77K	32,256
Q1 2021	EXP Eagle Materials Inc	Eagle Materials Inc	Sell	-57,240	-30.8%	$17.31K	128,792
Q1 2021	FNF FNF Group of Fidelity National	FNF Group of Fidelity National	Sell	-39,727	-13.2%	$10.62K	261,182
Q1 2021	FPH Five Point Holdings, LLC	Five Point Holdings, LLC	Buy	+161,681	+1.8%	$67.78K	8,965,823
Q1 2021	FR First Industrial Realty Trust,	First Industrial Realty Trust,	Sell	-32,177	-13.3%	$9.60K	209,555
Q1 2021	FRPH FRP Holdings, Inc.	FRP Holdings, Inc.	Buy	+20,860	+16.1%	$7.41K	150,583
Q1 2021	HA		Buy	+9,596	+0.9%	$27.36K	1,026,032
Q1 2021	HBB Hamilton Beach Brands Holding C	Hamilton Beach Brands Holding C	Buy	+41,193	+22.1%	$4.12K	227,223
Q1 2021	HCC Warrior Met Coal, Inc.	Warrior Met Coal, Inc.	Buy	+169,148	+13.9%	$23.73K	1,385,558
Q1 2021	JBGS JBG SMITH Properties	JBG SMITH Properties	Sell	-118,658	-13.3%	$24.60K	773,937
Q1 2021	KFY Korn Ferry	Korn Ferry	Sell - Position Exit	-358,469	-100.0%	$0.00	-
Q1 2021	LEN Lennar Corporation	Lennar Corporation	Sell	-35,371	-22.3%	$12.05K	123,408
Q1 2021	LEN-B Lennar Corporation	Lennar Corporation	Buy	+826	+0.2%	$39.67K	481,800
Q1 2021	LOW Lowe's Companies, Inc.	Lowe's Companies, Inc.	Sell	-20,065	-13.3%	$24.84K	130,621
Q1 2021	MAC Macerich Company (The)	Macerich Company (The)	Sell	-228,742	-58.1%	$1.93K	164,679
Q1 2021	MHK Mohawk Industries, Inc.	Mohawk Industries, Inc.	Sell	-36,155	-27.3%	$18.52K	96,311
Q1 2021	MYRG MYR Group, Inc.	MYR Group, Inc.	Sell	-25,257	-20.0%	$7.26K	101,309
Q1 2021	ORI Old Republic International Corp	Old Republic International Corp	Buy	+5,666	+0.5%	$24.36K	1,115,258
Q1 2021	PLD Prologis, Inc.	Prologis, Inc.	Sell	-41,958	-13.3%	$28.90K	272,646

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