Marty Whitman - Third Avenue Management 13F Activity & Position Changes (Q2 2023)

As of Jun 30, 2023, the Third Avenue Management portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on Aug 14, 2023. 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 2023, the filing reported:

New Buys - Elme Communities, Equity, Investors Title Company, Sun Communities, Inc., Whitestone REIT

Increases - Comerica Incorporated, CTO Realty Growth, Inc., Deutsche Bank, Encore Capital Group Inc, Five Point Holdings, LLC, and 16 more

Reductions - Brookfield Corporation, CBRE Group Inc, D.R. Horton, Inc., Comfort Systems USA, Inc., FNF Group of Fidelity National , and 16 more

Complete Exits - EMCOR Group, 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 2023	BN Brookfield Corporation	Brookfield Corporation	Sell	-103	-0.0%	$17.54M	521,123
Q2 2023	CBRE CBRE Group Inc	CBRE Group Inc	Sell	-32	-0.0%	$14.62M	181,189
Q2 2023	CMA Comerica Incorporated	Comerica Incorporated	Buy	+94,548	+19.7%	$24.35M	574,906
Q2 2023	CTO CTO Realty Growth, Inc.	CTO Realty Growth, Inc.	Buy	+5,121	+8.8%	$1.08M	63,000
Q2 2023	DB Deutsche Bank	Deutsche Bank	Buy	+37,467	+1.2%	$31.99M	3,048,570
Q2 2023	DHI D.R. Horton, Inc.	D.R. Horton, Inc.	Sell	-33,696	-16.9%	$20.16M	165,678
Q2 2023	ECPG Encore Capital Group Inc	Encore Capital Group Inc	Buy	+12,118	+9.1%	$7.05M	144,955
Q2 2023	ELME Elme Communities	Elme Communities	Buy - Position Entry	+45,000	-	$739.80K	45,000
Q2 2023	EME EMCOR Group, Inc.	EMCOR Group, Inc.	Sell - Position Exit	-32,597	-100.0%	$0.00	-
Q2 2023	EQC Equity	Equity	Buy - Position Entry	+55,000	-	$1.11M	55,000
Q2 2023	FIX Comfort Systems USA, Inc.	Comfort Systems USA, Inc.	Sell	-3,198	-11.1%	$4.22M	25,704
Q2 2023	FNF FNF Group of Fidelity National	FNF Group of Fidelity National	Sell	-3,631,172	-96.8%	$4.37M	121,428
Q2 2023	FPH Five Point Holdings, LLC	Five Point Holdings, LLC	Buy	+3,593,230	+2274.1%	$10.84M	3,751,240
Q2 2023	FR First Industrial Realty Trust,	First Industrial Realty Trust,	Buy	+36,582	+30.1%	$8.32M	158,010
Q2 2023	FRPH FRP Holdings, Inc.	FRP Holdings, Inc.	Sell	-182	-0.1%	$7.28M	126,489
Q2 2023	HA		Buy	+5,992	+0.4%	$16.82M	1,562,125
Q2 2023	HBB Hamilton Beach Brands Holding C	Hamilton Beach Brands Holding C	Sell	-894	-0.2%	$5.50M	569,404
Q2 2023	HCC Warrior Met Coal, Inc.	Warrior Met Coal, Inc.	Buy	+1,644	+0.1%	$52.38M	1,344,911
Q2 2023	ICFI ICF International, Inc.	ICF International, Inc.	Sell	-6,023	-9.4%	$7.19M	57,779
Q2 2023	ITIC Investors Title Company	Investors Title Company	Buy - Position Entry	+6,673	-	$974.26K	6,673
Q2 2023	IVT InvenTrust Properties Corp.	InvenTrust Properties Corp.	Sell	-110,033	-20.3%	$10.02M	432,819
Q2 2023	JLL Jones Lang LaSalle Incorporated	Jones Lang LaSalle Incorporated	Buy	+23,143	+45.2%	$11.59M	74,378
Q2 2023	KALU Kaiser Aluminum Corporation	Kaiser Aluminum Corporation	Buy	+32,406	+50.4%	$6.93M	96,721
Q2 2023	LEN-B Lennar Corporation	Lennar Corporation	Sell	-60,100	-22.0%	$24.11M	213,368
Q2 2023	LOW Lowe's Companies, Inc.	Lowe's Companies, Inc.	Sell	-5,063	-8.1%	$12.89M	57,096
Q2 2023	MYRG MYR Group, Inc.	MYR Group, Inc.	Sell	-753,546	-90.3%	$11.19M	80,885
Q2 2023	ORI Old Republic International Corp	Old Republic International Corp	Buy	+816,331	+4081.7%	$21.05M	836,331
Q2 2023	PB Prosperity Bancshares, Inc.	Prosperity Bancshares, Inc.	Sell	-344,311	-77.2%	$5.76M	101,965
Q2 2023	PCH PotlatchDeltic Corporation - Co	PotlatchDeltic Corporation - Co	Sell	-424,085	-95.5%	$1.06M	20,000
Q2 2023	PLD Prologis, Inc.	Prologis, Inc.	Buy	+48,566	+47.6%	$18.46M	150,531

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