Marty Whitman - Third Avenue Management 13F Activity & Position Changes (Q3 2018)

According to the SEC 13F filed on Aug 12, 2026, the Third Avenue Management portfolio showed several notable changes in holdings as of quarter-end Sep 30, 2018. 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 2018, the filing reported:

New Buys - AdvanSix Inc.

Increases - Acadia Realty Trust, CSG Systems International, Inc., FNF Group of Fidelity National , Five Point Holdings, LLC, Green Brick Partners, Inc., and 18 more

Reductions - AMN Healthcare Services Inc, Brookfield Asset Management Ltd., The Bank of New York Mellon Cor, Century Communities, Inc., Comerica Incorporated, and 13 more

Complete Exits - Deutsche Bank, Arcos Dorados

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 2018	AKR Acadia Realty Trust	Acadia Realty Trust	Buy	+2,964	+0.2%	$51.34K	1,831,470
Q3 2018	AMN AMN Healthcare Services Inc	AMN Healthcare Services Inc	Sell	-31,994	-36.5%	$3.05K	55,755
Q3 2018	ASIX AdvanSix Inc.	AdvanSix Inc.	Buy - Position Entry	+76,658	-	$2.60K	76,658
Q3 2018	BAM Brookfield Asset Management Ltd.	Brookfield Asset Management Ltd.	Sell	-41,835	-1.0%	$177.13K	3,977,742
Q3 2018	BK The Bank of New York Mellon Cor	The Bank of New York Mellon Cor	Sell	-130,866	-16.7%	$33.20K	651,082
Q3 2018	CCS Century Communities, Inc.	Century Communities, Inc.	Sell	-30,000	-41.9%	$1.09K	41,671
Q3 2018	CMA Comerica Incorporated	Comerica Incorporated	Sell	-5,615	-1.0%	$48.01K	532,225
Q3 2018	CSGS CSG Systems International, Inc.	CSG Systems International, Inc.	Buy	+28,445	+21.8%	$6.38K	158,988
Q3 2018	CSWC Capital Southwest Corporation	Capital Southwest Corporation	Sell	-9,774	-6.5%	$2.67K	140,574
Q3 2018	CSWI CSW Industrials, Inc.	CSW Industrials, Inc.	Sell	-9,774	-6.5%	$7.55K	140,574
Q3 2018	DB Deutsche Bank	Deutsche Bank	Sell - Position Exit	-322,000	-100.0%	$0.00	-
Q3 2018	FCN FTI Consulting, Inc.	FTI Consulting, Inc.	Sell	-46	-0.0%	$9.82K	134,122
Q3 2018	FIX Comfort Systems USA, Inc.	Comfort Systems USA, Inc.	Sell	-21,567	-16.0%	$6.38K	113,130
Q3 2018	FNF FNF Group of Fidelity National	FNF Group of Fidelity National	Buy	+1,653	+0.3%	$21.44K	544,922
Q3 2018	FPH Five Point Holdings, LLC	Five Point Holdings, LLC	Buy	+1,541,609	+17.8%	$96.15K	10,218,135
Q3 2018	FR First Industrial Realty Trust,	First Industrial Realty Trust,	Sell	-279,989	-16.4%	$44.75K	1,425,033
Q3 2018	G0457F107 Arcos Dorados	Arcos Dorados	Sell - Position Exit	-971,150	-100.0%	$0.00	-
Q3 2018	G9618E107 White Mountains	White Mountains	Sell	-96	-0.3%	$26.81K	28,649
Q3 2018	GRBK Green Brick Partners, Inc.	Green Brick Partners, Inc.	Buy	+3,200	+6.4%	$538.00	53,200
Q3 2018	HA		Buy	+175,319	+44.0%	$23.03K	574,199
Q3 2018	HCC Warrior Met Coal, Inc.	Warrior Met Coal, Inc.	Buy	+140,067	+5.6%	$71.81K	2,655,834
Q3 2018	ICFI ICF International, Inc.	ICF International, Inc.	Sell	-32,278	-22.3%	$8.51K	112,787
Q3 2018	JBGS JBG SMITH Properties	JBG SMITH Properties	Buy	+307,848	+95.6%	$23.20K	629,885
Q3 2018	LEN Lennar Corporation	Lennar Corporation	Buy	+2,025	+0.1%	$122.76K	2,629,208
Q3 2018	LEN-B Lennar Corporation	Lennar Corporation	Buy	+77,797	+7.1%	$45.27K	1,175,800
Q3 2018	LOW Lowe's Companies, Inc.	Lowe's Companies, Inc.	Buy	+1,307	+0.3%	$55.23K	481,026
Q3 2018	MAC Macerich Company (The)	Macerich Company (The)	Buy	+4,742	+0.3%	$87.66K	1,585,516
Q3 2018	MYRG MYR Group, Inc.	MYR Group, Inc.	Buy	+15,987	+5.6%	$9.78K	299,535
Q3 2018	PNC PNC Financial Services Group, I	PNC Financial Services Group, I	Buy	+3	+0.0%	$5.62K	41,252
Q3 2018	RYN Rayonier Inc. REIT	Rayonier Inc. REIT	Buy	+5,037	+0.2%	$80.23K	2,372,835

Page 1 of 2