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

As of Sep 30, 2019, 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 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 Ltd., 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 Ltd.	Brookfield Asset Management Ltd.	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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