Marty Whitman - Third Avenue Management 13F Activity & Position Changes (Q2 2020)

As of Jun 30, 2020, the Third Avenue Management portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on Aug 14, 2020. 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 2020, the filing reported:

New Buys - American Homes 4 Rent, Washington Trust Bancorp, Inc.

Increases - Brookfield Asset Management Inc, Comerica Incorporated, FedEx Corporation, Comfort Systems USA, Inc., Kaiser Aluminum Corporation, and 7 more

Reductions - Argan, Inc., ATN International, Inc., CBRE Group Inc, Customers Bancorp, Inc, Essex Property Trust, Inc., and 21 more

Complete Exits - Genpact, iShares U.S. Real Estate ETF, SEACOR Marine Holdings 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
Q2 2020	AGX Argan, Inc.	Argan, Inc.	Sell	-14,222	-11.9%	$4.99K	105,230
Q2 2020	AMH American Homes 4 Rent	American Homes 4 Rent	Buy - Position Entry	+402,492	-	$10.83K	402,492
Q2 2020	ATNI ATN International, Inc.	ATN International, Inc.	Sell	-36,575	-33.6%	$4.39K	72,427
Q2 2020	BAM Brookfield Asset Management Inc	Brookfield Asset Management Inc	Buy	+308,999	+28.7%	$45.54K	1,384,288
Q2 2020	CBRE CBRE Group Inc	CBRE Group Inc	Sell	-17,980	-7.6%	$9.82K	217,135
Q2 2020	CMA Comerica Incorporated	Comerica Incorporated	Buy	+105,222	+44.4%	$13.04K	342,378
Q2 2020	CUBI Customers Bancorp, Inc	Customers Bancorp, Inc	Sell	-497,774	-88.7%	$762.00	63,347
Q2 2020	ESS Essex Property Trust, Inc.	Essex Property Trust, Inc.	Sell	-1,785	-1.8%	$21.99K	95,949
Q2 2020	EXP Eagle Materials Inc	Eagle Materials Inc	Sell	-7,464	-3.1%	$16.64K	236,933
Q2 2020	FCN FTI Consulting, Inc.	FTI Consulting, Inc.	Sell	-9,866	-23.0%	$3.79K	33,091
Q2 2020	FDX FedEx Corporation	FedEx Corporation	Buy	+242	+0.3%	$10.06K	71,753
Q2 2020	FIX Comfort Systems USA, Inc.	Comfort Systems USA, Inc.	Buy	+9,296	+6.9%	$5.87K	143,925
Q2 2020	FNF FNF Group of Fidelity National	FNF Group of Fidelity National	Sell	-32,247	-8.7%	$10.37K	338,118
Q2 2020	FPH Five Point Holdings, LLC	Five Point Holdings, LLC	Sell	-821,075	-7.0%	$49.81K	10,827,355
Q2 2020	FR First Industrial Realty Trust,	First Industrial Realty Trust,	Sell	-26,559	-8.8%	$10.59K	275,569
Q2 2020	G Genpact	Genpact	Sell - Position Exit	-85,591	-100.0%	$0.00	-
Q2 2020	HA		Sell	-55,023	-4.5%	$16.30K	1,160,715
Q2 2020	HCC Warrior Met Coal, Inc.	Warrior Met Coal, Inc.	Sell	-59,220	-3.2%	$27.50K	1,786,569
Q2 2020	ICFI ICF International, Inc.	ICF International, Inc.	Sell	-10,061	-10.7%	$5.42K	83,604
Q2 2020	IYR iShares U.S. Real Estate ETF	iShares U.S. Real Estate ETF	Sell - Position Exit	-9,000	-100.0%	$0.00	-
Q2 2020	JBGS JBG SMITH Properties	JBG SMITH Properties	Sell	-143,634	-11.7%	$32.18K	1,088,102
Q2 2020	KALU Kaiser Aluminum Corporation	Kaiser Aluminum Corporation	Buy	+6,320	+18.2%	$3.02K	41,089
Q2 2020	LEN Lennar Corporation	Lennar Corporation	Sell	-265,203	-43.2%	$21.50K	348,885
Q2 2020	LEN-B Lennar Corporation	Lennar Corporation	Sell	-174,487	-17.6%	$37.73K	818,696
Q2 2020	LOW Lowe's Companies, Inc.	Lowe's Companies, Inc.	Sell	-458	-0.3%	$22.80K	168,757
Q2 2020	MAC Macerich Company (The)	Macerich Company (The)	Buy	+18,411	+5.2%	$3.36K	374,972
Q2 2020	MHK Mohawk Industries, Inc.	Mohawk Industries, Inc.	Sell	-15,043	-9.0%	$15.42K	151,559
Q2 2020	MYRG MYR Group, Inc.	MYR Group, Inc.	Sell	-49,694	-13.0%	$10.66K	333,913
Q2 2020	ORI Old Republic International Corp	Old Republic International Corp	Buy	+320,961	+40.3%	$18.24K	1,118,129
Q2 2020	PLD Prologis, Inc.	Prologis, Inc.	Sell	-4,034	-1.1%	$34.06K	364,892

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