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

According to the SEC 13F filed on Nov 15, 2023, the Third Avenue Management portfolio showed several notable changes in holdings as of quarter-end Sep 30, 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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