Marty Whitman - Third Avenue Management 13F Activity & Position Changes (Q3 2016)

As of Sep 30, 2016, 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 Q3 2016, the filing reported:

New Buys - Comfort Systems USA, Inc., Johnson Controls International

Increases - Barnes Group, Inc., G-III Apparel Group, LTD., Kaiser Aluminum Corporation, Kirby Corporation, LivaNova, and 7 more

Reductions - AGCO Corporation, Alamo Group, Inc., Amgen Inc., Brookfield Asset Management Inc, The Bank of New York Mellon Cor, and 32 more

Complete Exits - Broadridge Financial Solutions,, EnerSys, General Motors Company

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
Q3 2016	AGCO AGCO Corporation	AGCO Corporation	Sell	-141,824	-20.5%	$27.18K	551,104
Q3 2016	ALG Alamo Group, Inc.	Alamo Group, Inc.	Sell	-6,600	-6.4%	$6.34K	96,302
Q3 2016	AMGN Amgen Inc.	Amgen Inc.	Sell	-1,416	-1.0%	$22.39K	134,226
Q3 2016	B Barnes Group, Inc.	Barnes Group, Inc.	Buy	+2,800	+2.7%	$4.24K	104,621
Q3 2016	BAM Brookfield Asset Management Inc	Brookfield Asset Management Inc	Sell	-190,330	-4.1%	$154.78K	4,399,779
Q3 2016	BK The Bank of New York Mellon Cor	The Bank of New York Mellon Cor	Sell	-19,247	-0.9%	$81.13K	2,034,401
Q3 2016	BKD Brookdale Senior Living Inc.	Brookdale Senior Living Inc.	Sell	-19,547	-0.8%	$41.97K	2,404,847
Q3 2016	BR Broadridge Financial Solutions,	Broadridge Financial Solutions,	Sell - Position Exit	-55,866	-100.0%	$0.00	-
Q3 2016	CCS Century Communities, Inc.	Century Communities, Inc.	Sell	-10,000	-8.3%	$2.37K	109,974
Q3 2016	CMA Comerica Incorporated	Comerica Incorporated	Sell	-408,258	-20.9%	$73.10K	1,544,793
Q3 2016	CNH CNH Industrial	CNH Industrial	Sell	-2,689	-0.5%	$3.86K	534,489
Q3 2016	CVCO Cavco Industries, Inc.	Cavco Industries, Inc.	Sell	-4,808	-1.0%	$46.84K	472,919
Q3 2016	DVN Devon Energy Corporation	Devon Energy Corporation	Sell	-233,457	-23.3%	$33.96K	769,932
Q3 2016	ENS EnerSys	EnerSys	Sell - Position Exit	-35,906	-100.0%	$0.00	-
Q3 2016	FCN FTI Consulting, Inc.	FTI Consulting, Inc.	Sell	-40,062	-20.7%	$6.84K	153,535
Q3 2016	FIX Comfort Systems USA, Inc.	Comfort Systems USA, Inc.	Buy - Position Entry	+162,058	-	$4.75K	162,058
Q3 2016	FLWS 1-800-FLOWERS.COM, Inc.	1-800-FLOWERS.COM, Inc.	Sell	-52,519	-8.9%	$4.91K	535,304
Q3 2016	FNF FNF Group of Fidelity National	FNF Group of Fidelity National	Sell	-55,900	-7.5%	$25.56K	692,400
Q3 2016	FR First Industrial Realty Trust,	First Industrial Realty Trust,	Sell	-838,300	-27.1%	$63.54K	2,251,543
Q3 2016	G0457F107 Arcos Dorados	Arcos Dorados	Sell	-429,563	-26.6%	$6.25K	1,186,027
Q3 2016	G9618E107 White Mountains	White Mountains	Sell	-2,289	-3.3%	$54.86K	66,101
Q3 2016	GIII G-III Apparel Group, LTD.	G-III Apparel Group, LTD.	Buy	+53,865	+60.3%	$4.17K	143,218
Q3 2016	GM General Motors Company	General Motors Company	Sell - Position Exit	-671,819	-100.0%	$0.00	-
Q3 2016	ICFI ICF International, Inc.	ICF International, Inc.	Sell	-22,400	-11.7%	$7.48K	168,729
Q3 2016	JCI Johnson Controls International	Johnson Controls International	Buy - Position Entry	+705,743	-	$32.84K	705,743
Q3 2016	KALU Kaiser Aluminum Corporation	Kaiser Aluminum Corporation	Buy	+1,248	+2.6%	$4.27K	49,405
Q3 2016	KEX Kirby Corporation	Kirby Corporation	Buy	+15,241	+17.1%	$6.49K	104,375
Q3 2016	KEY KeyCorp	KeyCorp	Sell	-22,558	-1.6%	$17.30K	1,421,788
Q3 2016	KW Kennedy-Wilson Holdings Inc.	Kennedy-Wilson Holdings Inc.	Sell	-88,400	-6.4%	$29.09K	1,290,112
Q3 2016	LEN Lennar Corporation	Lennar Corporation	Sell	-79,400	-7.5%	$41.67K	984,200

Page 1 of 2