Marty Whitman - Third Avenue Management 13F Activity & Position Changes (Q2 2019)

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 Jun 30, 2019. 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 Q2 2019, the filing reported:

New Buys - Seritage Growth Properties

Increases - Argan, Inc., Customers Bancorp, Inc, Five Point Holdings, LLC, , Lennar Corporation, and 6 more

Reductions - Acadia Realty Trust, AdvanSix Inc., Brookfield Asset Management Inc, Comerica Incorporated, FTI Consulting, Inc., and 11 more

Complete Exits - None reported

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
Q2 2019	AGX Argan, Inc.	Argan, Inc.	Buy	+44,142	+49.6%	$5.40K	133,142
Q2 2019	AKR Acadia Realty Trust	Acadia Realty Trust	Sell	-91,311	-7.4%	$31.37K	1,146,124
Q2 2019	ASIX AdvanSix Inc.	AdvanSix Inc.	Sell	-150,027	-83.0%	$751.00	30,709
Q2 2019	BAM Brookfield Asset Management Inc	Brookfield Asset Management Inc	Sell	-77,113	-4.5%	$77.81K	1,628,504
Q2 2019	CMA Comerica Incorporated	Comerica Incorporated	Sell	-5,101	-1.1%	$32.41K	446,155
Q2 2019	CUBI Customers Bancorp, Inc	Customers Bancorp, Inc	Buy	+25,877	+5.0%	$11.45K	545,029
Q2 2019	FCN FTI Consulting, Inc.	FTI Consulting, Inc.	Sell	-6,604	-6.0%	$8.70K	103,739
Q2 2019	FNF FNF Group of Fidelity National	FNF Group of Fidelity National	Sell	-18,350	-3.8%	$18.74K	464,900
Q2 2019	FPH Five Point Holdings, LLC	Five Point Holdings, LLC	Buy	+34,718	+0.3%	$87.17K	11,591,086
Q2 2019	FR First Industrial Realty Trust,	First Industrial Realty Trust,	Sell	-192,570	-21.2%	$26.31K	716,038
Q2 2019	HA		Buy	+47,019	+3.4%	$38.81K	1,414,861
Q2 2019	HCC Warrior Met Coal, Inc.	Warrior Met Coal, Inc.	Sell	-202,324	-10.3%	$46.07K	1,763,663
Q2 2019	JBGS JBG SMITH Properties	JBG SMITH Properties	Sell	-13,084	-1.0%	$51.21K	1,301,641
Q2 2019	LEN Lennar Corporation	Lennar Corporation	Sell	-639,832	-32.9%	$63.29K	1,305,992
Q2 2019	LEN-B Lennar Corporation	Lennar Corporation	Buy	+18,121	+1.5%	$48.77K	1,266,322
Q2 2019	LOW Lowe's Companies, Inc.	Lowe's Companies, Inc.	Sell	-43,734	-15.8%	$23.45K	232,402
Q2 2019	MAC Macerich Company (The)	Macerich Company (The)	Buy	+20,402	+1.5%	$47.67K	1,423,524
Q2 2019	MHK Mohawk Industries, Inc.	Mohawk Industries, Inc.	Buy	+34,452	+38.8%	$18.18K	123,257
Q2 2019	PNC PNC Financial Services Group, I	PNC Financial Services Group, I	Buy	+895	+0.3%	$36.44K	265,439
Q2 2019	RYN Rayonier Inc. REIT	Rayonier Inc. REIT	Sell	-71,307	-3.4%	$61.47K	2,028,817
Q2 2019	SRG Seritage Growth Properties	Seritage Growth Properties	Buy - Position Entry	+317,524	-	$13.64K	317,524
Q2 2019	TDW Tidewater Inc.	Tidewater Inc.	Buy	+158,043	+6.5%	$61.08K	2,601,313
Q2 2019	TPHS Trinity Place Holdings Inc.	Trinity Place Holdings Inc.	Buy	+647,578	+12.9%	$22.43K	5,679,728
Q2 2019	UHAL U-Haul Holding Company	U-Haul Holding Company	Sell	-3,023	-3.9%	$28.31K	74,795
Q2 2019	VC Visteon Corporation	Visteon Corporation	Buy	+52,615	+38.7%	$11.06K	188,730
Q2 2019	VNO Vornado Realty Trust	Vornado Realty Trust	Sell	-16,192	-3.9%	$25.50K	397,834
Q2 2019	VVI Viad Corp	Viad Corp	Sell	-24,457	-22.6%	$5.55K	83,778
Q2 2019	WY Weyerhaeuser Company	Weyerhaeuser Company	Sell	-198,675	-4.6%	$107.94K	4,097,807