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

According to the SEC 13F filed on Aug 14, 2023, the Third Avenue Management portfolio showed several notable changes in holdings as of quarter-end Jun 30, 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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