Marty Whitman - Third Avenue Management 13F Activity & Position Changes (Q2 2021)

According to the SEC 13F filed on Aug 13, 2021, the Third Avenue Management portfolio showed several notable changes in holdings as of quarter-end Jun 30, 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 Q2 2021, the filing reported:

New Buys - Stratus Properties Inc.

Increases - American Homes 4 Rent, FRP Holdings, Inc., Warrior Met Coal, Inc., Lennar Corporation, The RMR Group Inc.

Reductions - Brookfield Asset Management Inc, CBRE Group Inc, Comerica Incorporated, Essex Property Trust, Inc., Eagle Materials Inc, and 18 more

Complete Exits - FTI Consulting, 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 2021	AMH American Homes 4 Rent	American Homes 4 Rent	Buy	+20,851	+4.3%	$19.68K	506,569
Q2 2021	BAM Brookfield Asset Management Inc	Brookfield Asset Management Inc	Sell	-37,835	-4.3%	$42.56K	834,826
Q2 2021	CBRE CBRE Group Inc	CBRE Group Inc	Sell	-2,096	-1.3%	$14.19K	165,505
Q2 2021	CMA Comerica Incorporated	Comerica Incorporated	Sell	-1,614	-0.4%	$26.51K	371,544
Q2 2021	ESS Essex Property Trust, Inc.	Essex Property Trust, Inc.	Sell	-1,866	-5.8%	$9.12K	30,390
Q2 2021	EXP Eagle Materials Inc	Eagle Materials Inc	Sell	-41,815	-32.5%	$12.36K	86,977
Q2 2021	FCN FTI Consulting, Inc.	FTI Consulting, Inc.	Sell - Position Exit	-101	-100.0%	$0.00	-
Q2 2021	FNF FNF Group of Fidelity National	FNF Group of Fidelity National	Sell	-8,148	-3.1%	$11.00K	253,034
Q2 2021	FPH Five Point Holdings, LLC	Five Point Holdings, LLC	Sell	-96,210	-1.1%	$71.67K	8,869,613
Q2 2021	FR First Industrial Realty Trust,	First Industrial Realty Trust,	Sell	-6,331	-3.0%	$10.62K	203,224
Q2 2021	FRPH FRP Holdings, Inc.	FRP Holdings, Inc.	Buy	+1,852	+1.2%	$8.49K	152,435
Q2 2021	GRBK Green Brick Partners, Inc.	Green Brick Partners, Inc.	Sell	-24,000	-60.0%	$364.00	16,000
Q2 2021	HA		Sell	-31,977	-3.1%	$24.23K	994,055
Q2 2021	HCC Warrior Met Coal, Inc.	Warrior Met Coal, Inc.	Buy	+339,727	+24.5%	$29.68K	1,725,285
Q2 2021	JBGS JBG SMITH Properties	JBG SMITH Properties	Sell	-73,184	-9.5%	$22.08K	700,753
Q2 2021	LEN Lennar Corporation	Lennar Corporation	Sell	-32,632	-26.4%	$8.76K	90,776
Q2 2021	LEN-B Lennar Corporation	Lennar Corporation	Buy	+941	+0.2%	$39.32K	482,741
Q2 2021	LOW Lowe's Companies, Inc.	Lowe's Companies, Inc.	Sell	-12,506	-9.6%	$22.91K	118,115
Q2 2021	MHK Mohawk Industries, Inc.	Mohawk Industries, Inc.	Sell	-267	-0.3%	$18.46K	96,044
Q2 2021	ORI Old Republic International Corp	Old Republic International Corp	Sell	-4,957	-0.4%	$27.66K	1,110,301
Q2 2021	PLD Prologis, Inc.	Prologis, Inc.	Sell	-16,777	-6.2%	$30.59K	255,869
Q2 2021	RMR The RMR Group Inc.	The RMR Group Inc.	Buy	+9,000	+64.3%	$889.00	23,000
Q2 2021	RYN Rayonier Inc. REIT	Rayonier Inc. REIT	Sell	-25,679	-3.0%	$29.57K	822,837
Q2 2021	SBSI Southside Bancshares, Inc.	Southside Bancshares, Inc.	Sell	-2,400	-1.4%	$6.28K	164,220
Q2 2021	SRG Seritage Growth Properties	Seritage Growth Properties	Sell	-102,818	-23.0%	$6.35K	345,015
Q2 2021	STRS Stratus Properties Inc.	Stratus Properties Inc.	Buy - Position Entry	+127,562	-	$3.15K	127,562
Q2 2021	TDW Tidewater Inc.	Tidewater Inc.	Sell	-5,802	-0.2%	$30.59K	2,538,973
Q2 2021	UHAL U-Haul Holding Company	U-Haul Holding Company	Sell	-1,098	-2.5%	$25.24K	42,824
Q2 2021	VNO Vornado Realty Trust	Vornado Realty Trust	Sell	-7,807	-3.8%	$9.28K	198,739
Q2 2021	WY Weyerhaeuser Company	Weyerhaeuser Company	Sell	-25,774	-3.0%	$28.49K	827,809