Marty Whitman - Third Avenue Management 13F Activity & Position Changes (Q3 2023)

As of Sep 30, 2023, the Third Avenue Management portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on Nov 15, 2023. 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 2023, the filing reported:

New Buys - Atlanta Braves Holdings, Inc. -, Atlanta Braves Holdings, Inc. -, LSB Industries, Inc.

Increases - Encore Capital Group Inc, Elme Communities, Investors Title Company, ProAssurance Corporation, Sun Communities, Inc., and 2 more

Reductions - American Homes 4 Rent, Brookfield Asset Management Ltd., Brookfield Corporation, CBRE Group Inc, Comerica Incorporated, and 19 more

Complete Exits - None reported

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 2023	AMH American Homes 4 Rent	American Homes 4 Rent	Sell	-562	-0.2%	$12.03M	355,261
Q3 2023	BAM Brookfield Asset Management Ltd.	Brookfield Asset Management Ltd.	Sell	-209	-0.2%	$4.40M	130,437
Q3 2023	BATRA Atlanta Braves Holdings, Inc. -	Atlanta Braves Holdings, Inc. -	Buy - Position Entry	+164,438	-	$6.33M	164,438
Q3 2023	BATRK Atlanta Braves Holdings, Inc. -	Atlanta Braves Holdings, Inc. -	Buy - Position Entry	+25,700	-	$913.63K	25,700
Q3 2023	BN Brookfield Corporation	Brookfield Corporation	Sell	-771	-0.1%	$16.69M	520,352
Q3 2023	CBRE CBRE Group Inc	CBRE Group Inc	Sell	-287	-0.2%	$13.26M	180,902
Q3 2023	CMA Comerica Incorporated	Comerica Incorporated	Sell	-99,010	-17.2%	$19.42M	475,896
Q3 2023	DB Deutsche Bank	Deutsche Bank	Sell	-563,229	-18.5%	$27.26M	2,485,341
Q3 2023	DHI D.R. Horton, Inc.	D.R. Horton, Inc.	Sell	-6,864	-4.1%	$17.30M	158,814
Q3 2023	ECPG Encore Capital Group Inc	Encore Capital Group Inc	Buy	+25,723	+17.7%	$8.05M	170,678
Q3 2023	ELME Elme Communities	Elme Communities	Buy	+20,000	+44.4%	$878.80K	65,000
Q3 2023	FNF FNF Group of Fidelity National	FNF Group of Fidelity National	Sell	-221	-0.2%	$5.01M	121,207
Q3 2023	FPH Five Point Holdings, LLC	Five Point Holdings, LLC	Sell	-5,365	-0.1%	$10.86M	3,745,875
Q3 2023	FR First Industrial Realty Trust,	First Industrial Realty Trust,	Sell	-252	-0.2%	$7.51M	157,758
Q3 2023	HCC Warrior Met Coal, Inc.	Warrior Met Coal, Inc.	Sell	-77,558	-5.8%	$64.71M	1,267,353
Q3 2023	ITIC Investors Title Company	Investors Title Company	Buy	+22,926	+343.6%	$4.37M	29,599
Q3 2023	IVT InvenTrust Properties Corp.	InvenTrust Properties Corp.	Sell	-399	-0.1%	$10.30M	432,420
Q3 2023	JLL Jones Lang LaSalle Incorporated	Jones Lang LaSalle Incorporated	Sell	-120	-0.2%	$10.42M	74,258
Q3 2023	LEN-B Lennar Corporation	Lennar Corporation	Sell	-7,496	-3.5%	$21.46M	205,872
Q3 2023	LOW Lowe's Companies, Inc.	Lowe's Companies, Inc.	Sell	-104	-0.2%	$11.84M	56,992
Q3 2023	LXU LSB Industries, Inc.	LSB Industries, Inc.	Buy - Position Entry	+30,618	-	$314.14K	30,618
Q3 2023	MYRG MYR Group, Inc.	MYR Group, Inc.	Sell	-79	-0.1%	$11.00M	80,806
Q3 2023	ORI Old Republic International Corp	Old Republic International Corp	Sell	-9,774	-1.2%	$22.54M	826,557
Q3 2023	PLD Prologis, Inc.	Prologis, Inc.	Sell	-27,842	-18.5%	$13.76M	122,689
Q3 2023	PRA ProAssurance Corporation	ProAssurance Corporation	Buy	+109	+0.0%	$8.36M	443,619
Q3 2023	RYN Rayonier Inc. REIT	Rayonier Inc. REIT	Sell	-28,015	-6.3%	$11.81M	418,193
Q3 2023	SPHR Sphere Entertainment Co.	Sphere Entertainment Co.	Sell	-17,500	-13.6%	$4.19M	111,252
Q3 2023	SUI Sun Communities, Inc.	Sun Communities, Inc.	Buy	+25,010	+217.2%	$4.32M	36,527
Q3 2023	SUPN Supernus Pharmaceuticals, Inc.	Supernus Pharmaceuticals, Inc.	Buy	+49,487	+73.8%	$3.27M	116,549
Q3 2023	TDW Tidewater Inc.	Tidewater Inc.	Sell	-289,414	-26.3%	$58.49M	809,185

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