Marty Whitman - Third Avenue Management 13F Activity & Position Changes (Q3 2020)

According to the SEC 13F filed on Nov 16, 2020, the Third Avenue Management portfolio showed several notable changes in holdings as of quarter-end Sep 30, 2020. 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 2020, the filing reported:

New Buys - Hamilton Beach Brands Holding C, Korn Ferry

Increases - American Homes 4 Rent, City Office REIT, Inc., Comerica Incorporated, Kaiser Aluminum Corporation, Old Republic International Corp, and 8 more

Reductions - Argan, Inc., Brookfield Asset Management Ltd., CBRE Group Inc, Essex Property Trust, Inc., Eagle Materials Inc, and 23 more

Complete Exits - Customers Bancorp, Inc, Public Storage

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 2020	AGX Argan, Inc.	Argan, Inc.	Sell	-30,221	-28.7%	$3.14K	75,009
Q3 2020	AMH American Homes 4 Rent	American Homes 4 Rent	Buy	+59,413	+14.8%	$13.16K	461,905
Q3 2020	BAM Brookfield Asset Management Ltd.	Brookfield Asset Management Ltd.	Sell	-57,086	-4.1%	$43.88K	1,327,202
Q3 2020	CBRE CBRE Group Inc	CBRE Group Inc	Sell	-8,938	-4.1%	$9.78K	208,197
Q3 2020	CIO City Office REIT, Inc.	City Office REIT, Inc.	Buy	+15,000	+27.3%	$527.00	70,000
Q3 2020	CMA Comerica Incorporated	Comerica Incorporated	Buy	+47,627	+13.9%	$14.92K	390,005
Q3 2020	CUBI Customers Bancorp, Inc	Customers Bancorp, Inc	Sell - Position Exit	-63,347	-100.0%	$0.00	-
Q3 2020	ESS Essex Property Trust, Inc.	Essex Property Trust, Inc.	Sell	-32,906	-34.3%	$12.66K	63,043
Q3 2020	EXP Eagle Materials Inc	Eagle Materials Inc	Sell	-40,288	-17.0%	$16.98K	196,645
Q3 2020	FCN FTI Consulting, Inc.	FTI Consulting, Inc.	Sell	-32,990	-99.7%	$11.00	101
Q3 2020	FDX FedEx Corporation	FedEx Corporation	Sell	-21,125	-29.4%	$12.73K	50,628
Q3 2020	FIX Comfort Systems USA, Inc.	Comfort Systems USA, Inc.	Sell	-91,535	-63.6%	$2.70K	52,390
Q3 2020	FNF FNF Group of Fidelity National	FNF Group of Fidelity National	Sell	-13,770	-4.1%	$10.16K	324,348
Q3 2020	FPH Five Point Holdings, LLC	Five Point Holdings, LLC	Sell	-544,495	-5.0%	$42.88K	10,282,860
Q3 2020	FR First Industrial Realty Trust,	First Industrial Realty Trust,	Sell	-11,234	-4.1%	$10.52K	264,335
Q3 2020	GRBK Green Brick Partners, Inc.	Green Brick Partners, Inc.	Sell	-40,000	-50.0%	$644.00	40,000
Q3 2020	HBB Hamilton Beach Brands Holding C	Hamilton Beach Brands Holding C	Buy - Position Entry	+63,027	-	$1.23K	63,027
Q3 2020	HCC Warrior Met Coal, Inc.	Warrior Met Coal, Inc.	Sell	-296,766	-16.6%	$25.45K	1,489,803
Q3 2020	JBGS JBG SMITH Properties	JBG SMITH Properties	Sell	-44,877	-4.1%	$27.90K	1,043,225
Q3 2020	KALU Kaiser Aluminum Corporation	Kaiser Aluminum Corporation	Buy	+16,980	+41.3%	$3.11K	58,069
Q3 2020	KFY Korn Ferry	Korn Ferry	Buy - Position Entry	+328,473	-	$9.53K	328,473
Q3 2020	LEN Lennar Corporation	Lennar Corporation	Sell	-15,088	-4.3%	$26.80K	333,797
Q3 2020	LEN-B Lennar Corporation	Lennar Corporation	Sell	-120,513	-14.7%	$45.84K	698,183
Q3 2020	LOW Lowe's Companies, Inc.	Lowe's Companies, Inc.	Sell	-7,187	-4.3%	$26.80K	161,570
Q3 2020	MHK Mohawk Industries, Inc.	Mohawk Industries, Inc.	Sell	-4,212	-2.8%	$14.38K	147,347
Q3 2020	MYRG MYR Group, Inc.	MYR Group, Inc.	Sell	-29,989	-9.0%	$11.30K	303,924
Q3 2020	ORI Old Republic International Corp	Old Republic International Corp	Buy	+167,031	+14.9%	$18.94K	1,285,160
Q3 2020	PB Prosperity Bancshares, Inc.	Prosperity Bancshares, Inc.	Buy	+14,208	+23.2%	$3.91K	75,356
Q3 2020	PCH PotlatchDeltic Corporation - Co	PotlatchDeltic Corporation - Co	Buy	+4,000	+25.0%	$842.00	20,000
Q3 2020	PLD Prologis, Inc.	Prologis, Inc.	Sell	-15,409	-4.2%	$35.25K	349,483

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