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

As of Jun 30, 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 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