Marty Whitman - Third Avenue Management 13F Activity & Position Changes (Q4 2015)

As of Dec 31, 2015, 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 Q4 2015, the filing reported:

New Buys - Kirby Corporation, MYR Group, Inc.

Increases - FTI Consulting, Inc., Insight Enterprises, Inc., Southside Bancshares, Inc., Visteon Corporation, Valley National Bancorp, and 1 more

Reductions - ABM Industries Incorporated, AGCO Corporation, Alico, Inc., Alamo Group, Inc., ANI Pharmaceuticals, Inc., and 52 more

Complete Exits - Acadia Realty Trust, Advanced Micro Devices, Inc., Ares Dynamic Credit Allocation , BlackRock Credit Allocation Inc, Hyatt Hotels Corporation, and 11 more

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
Q4 2015	ABM ABM Industries Incorporated	ABM Industries Incorporated	Sell	-68,525	-39.9%	$2.94K	103,176
Q4 2015	AGCO AGCO Corporation	AGCO Corporation	Sell	-423,255	-23.0%	$64.18K	1,413,988
Q4 2015	AKR Acadia Realty Trust	Acadia Realty Trust	Sell - Position Exit	-19,999	-100.0%	$0.00	-
Q4 2015	ALCO Alico, Inc.	Alico, Inc.	Sell	-14,122	-9.8%	$5.01K	129,521
Q4 2015	ALG Alamo Group, Inc.	Alamo Group, Inc.	Sell	-24,297	-15.0%	$7.20K	138,202
Q4 2015	AMD Advanced Micro Devices, Inc.	Advanced Micro Devices, Inc.	Sell - Position Exit	-250,000	-100.0%	$0.00	-
Q4 2015	ANIP ANI Pharmaceuticals, Inc.	ANI Pharmaceuticals, Inc.	Sell	-9,663	-16.2%	$2.26K	50,053
Q4 2015	ARDC Ares Dynamic Credit Allocation	Ares Dynamic Credit Allocation	Sell - Position Exit	-253,978	-100.0%	$0.00	-
Q4 2015	B Barnes Group, Inc.	Barnes Group, Inc.	Sell	-37,306	-14.8%	$7.57K	213,965
Q4 2015	BAM Brookfield Asset Management Inc	Brookfield Asset Management Inc	Sell	-264,641	-5.8%	$136.32K	4,323,640
Q4 2015	BK The Bank of New York Mellon Cor	The Bank of New York Mellon Cor	Sell	-247,915	-7.9%	$119.90K	2,908,723
Q4 2015	BKD Brookdale Senior Living Inc.	Brookdale Senior Living Inc.	Sell	-2,756,701	-47.0%	$57.43K	3,111,031
Q4 2015	BR Broadridge Financial Solutions,	Broadridge Financial Solutions,	Sell	-2,588	-2.3%	$5.84K	108,725
Q4 2015	BTZ BlackRock Credit Allocation Inc	BlackRock Credit Allocation Inc	Sell - Position Exit	-409,999	-100.0%	$0.00	-
Q4 2015	CBSH Commerce Bancshares, Inc.	Commerce Bancshares, Inc.	Sell	-10,736	-5.4%	$8.02K	188,533
Q4 2015	CFR Cullen/Frost Bankers, Inc.	Cullen/Frost Bankers, Inc.	Sell	-10,200	-9.3%	$5.97K	99,434
Q4 2015	CMA Comerica Incorporated	Comerica Incorporated	Sell	-115,461	-4.5%	$103.56K	2,475,873
Q4 2015	CNH CNH Industrial	CNH Industrial	Sell	-16,280	-2.6%	$4.11K	600,777
Q4 2015	CSGS CSG Systems International, Inc.	CSG Systems International, Inc.	Sell	-88,651	-29.3%	$7.69K	213,678
Q4 2015	CVCO Cavco Industries, Inc.	Cavco Industries, Inc.	Sell	-430,280	-31.0%	$79.77K	957,501
Q4 2015	DORM Dorman Products, Inc.	Dorman Products, Inc.	Sell	-1,293	-0.8%	$7.35K	154,880
Q4 2015	DVN Devon Energy Corporation	Devon Energy Corporation	Sell	-22,679	-2.0%	$35.10K	1,096,747
Q4 2015	EME EMCOR Group, Inc.	EMCOR Group, Inc.	Sell	-24,451	-14.7%	$6.84K	142,448
Q4 2015	ENS EnerSys	EnerSys	Sell	-17,752	-27.6%	$2.61K	46,616
Q4 2015	EQC Equity	Equity	Sell	-269,875	-7.3%	$95.34K	3,438,280
Q4 2015	FCN FTI Consulting, Inc.	FTI Consulting, Inc.	Buy	+25,024	+11.9%	$8.18K	235,869
Q4 2015	FLWS 1-800-FLOWERS.COM, Inc.	1-800-FLOWERS.COM, Inc.	Sell	-11,418	-1.7%	$4.67K	641,691
Q4 2015	FR First Industrial Realty Trust,	First Industrial Realty Trust,	Sell	-1,104,890	-14.7%	$142.15K	6,423,328
Q4 2015	G Genpact	Genpact	Sell	-104,543	-24.5%	$8.03K	321,342
Q4 2015	G0457F107 Arcos Dorados	Arcos Dorados	Sell	-2,312	-0.1%	$5.42K	1,741,451

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