Marty Whitman - Third Avenue Management 13F Activity & Position Changes (Q3 2019)

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, 2019. 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 2019, the filing reported:

New Buys - None reported

Increases - Customers Bancorp, Inc, Comfort Systems USA, Inc., Warrior Met Coal, Inc., JBG SMITH Properties, Lennar Corporation, and 8 more

Reductions - Acadia Realty Trust, Brookfield Asset Management Inc, Comerica Incorporated, FTI Consulting, Inc., FNF Group of Fidelity National , and 14 more

Complete Exits - AdvanSix Inc., Transocean

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 2019	AKR Acadia Realty Trust	Acadia Realty Trust	Sell	-211,951	-18.5%	$26.70K	934,173
Q3 2019	ASIX AdvanSix Inc.	AdvanSix Inc.	Sell - Position Exit	-30,709	-100.0%	$0.00	-
Q3 2019	BAM Brookfield Asset Management Inc	Brookfield Asset Management Inc	Sell	-44,993	-2.8%	$84.07K	1,583,511
Q3 2019	CMA Comerica Incorporated	Comerica Incorporated	Sell	-67,193	-15.1%	$25.01K	378,962
Q3 2019	CUBI Customers Bancorp, Inc	Customers Bancorp, Inc	Buy	+16,092	+3.0%	$11.64K	561,121
Q3 2019	FCN FTI Consulting, Inc.	FTI Consulting, Inc.	Sell	-16,870	-16.3%	$9.21K	86,869
Q3 2019	FIX Comfort Systems USA, Inc.	Comfort Systems USA, Inc.	Buy	+21,499	+19.0%	$5.96K	134,629
Q3 2019	FNF FNF Group of Fidelity National	FNF Group of Fidelity National	Sell	-125,884	-27.1%	$15.06K	339,016
Q3 2019	FPH Five Point Holdings, LLC	Five Point Holdings, LLC	Sell	-566,773	-4.9%	$82.68K	11,024,313
Q3 2019	FR First Industrial Realty Trust,	First Industrial Realty Trust,	Sell	-39,772	-5.6%	$26.75K	676,266
Q3 2019	H8817H100 Transocean	Transocean	Sell - Position Exit	-1,521,285	-100.0%	$0.00	-
Q3 2019	HA		Sell	-2	-0.0%	$37.16K	1,414,859
Q3 2019	HCC Warrior Met Coal, Inc.	Warrior Met Coal, Inc.	Buy	+6,227	+0.4%	$34.55K	1,769,890
Q3 2019	JBGS JBG SMITH Properties	JBG SMITH Properties	Buy	+6,635	+0.5%	$51.30K	1,308,276
Q3 2019	LEN Lennar Corporation	Lennar Corporation	Sell	-362,415	-27.8%	$52.70K	943,577
Q3 2019	LEN-B Lennar Corporation	Lennar Corporation	Buy	+8,813	+0.7%	$56.58K	1,275,135
Q3 2019	LOW Lowe's Companies, Inc.	Lowe's Companies, Inc.	Sell	-15,144	-6.5%	$23.89K	217,258
Q3 2019	MAC Macerich Company (The)	Macerich Company (The)	Sell	-305,689	-21.5%	$35.31K	1,117,835
Q3 2019	MHK Mohawk Industries, Inc.	Mohawk Industries, Inc.	Buy	+22,965	+18.6%	$18.14K	146,222
Q3 2019	MYRG MYR Group, Inc.	MYR Group, Inc.	Buy	+61,974	+19.3%	$12.00K	383,459
Q3 2019	PB Prosperity Bancshares, Inc.	Prosperity Bancshares, Inc.	Sell	-49,737	-44.9%	$4.32K	61,148
Q3 2019	PNC PNC Financial Services Group, I	PNC Financial Services Group, I	Buy	+5,285	+2.0%	$37.95K	270,724
Q3 2019	RYN Rayonier Inc. REIT	Rayonier Inc. REIT	Sell	-184,173	-9.1%	$52.02K	1,844,644
Q3 2019	SRG Seritage Growth Properties	Seritage Growth Properties	Buy	+6,152	+1.9%	$13.75K	323,676
Q3 2019	TDW Tidewater Inc.	Tidewater Inc.	Buy	+136,110	+5.2%	$41.36K	2,737,423
Q3 2019	TPHS Trinity Place Holdings Inc.	Trinity Place Holdings Inc.	Buy	+27,508	+0.5%	$22.83K	5,707,236
Q3 2019	TRC Tejon Ranch Co	Tejon Ranch Co	Sell	-298,968	-30.3%	$11.64K	686,108
Q3 2019	UHAL U-Haul Holding Company	U-Haul Holding Company	Buy	+584	+0.8%	$29.40K	75,379
Q3 2019	UMBF UMB Financial Corporation	UMB Financial Corporation	Sell	-29,043	-19.3%	$7.87K	121,780
Q3 2019	UNF Unifirst Corporation	Unifirst Corporation	Sell	-5,648	-18.8%	$4.75K	24,354

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