Marty Whitman - Third Avenue Management 13F Activity & Position Changes (Q4 2020)

As of Dec 31, 2020, the Third Avenue Management portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on Feb 12, 2021. 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 2020, the filing reported:

New Buys - ProAssurance Corporation, SPDR S&P 500

Increases - American Homes 4 Rent, Cal-Maine Foods, Inc., Hamilton Beach Brands Holding C, ICF International, Inc., Korn Ferry, and 6 more

Reductions - Alico, Inc., ATN International, Inc., Brookfield Asset Management Ltd., CBRE Group Inc, City Office REIT, Inc., and 27 more

Complete Exits - Argan, Inc., FedEx Corporation

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 2020	AGX Argan, Inc.	Argan, Inc.	Sell - Position Exit	-75,009	-100.0%	$0.00	-
Q4 2020	ALCO Alico, Inc.	Alico, Inc.	Sell	-84,108	-59.9%	$1.75K	56,343
Q4 2020	AMH American Homes 4 Rent	American Homes 4 Rent	Buy	+55,824	+12.1%	$15.53K	517,729
Q4 2020	ATNI ATN International, Inc.	ATN International, Inc.	Sell	-12,166	-16.8%	$2.52K	60,261
Q4 2020	BAM Brookfield Asset Management Ltd.	Brookfield Asset Management Ltd.	Sell	-321,200	-24.2%	$41.52K	1,006,002
Q4 2020	CALM Cal-Maine Foods, Inc.	Cal-Maine Foods, Inc.	Buy	+22,466	+16.4%	$5.98K	159,394
Q4 2020	CBRE CBRE Group Inc	CBRE Group Inc	Sell	-17,686	-8.5%	$11.95K	190,511
Q4 2020	CIO City Office REIT, Inc.	City Office REIT, Inc.	Sell	-24,000	-34.3%	$450.00	46,000
Q4 2020	CMA Comerica Incorporated	Comerica Incorporated	Sell	-18,674	-4.8%	$20.74K	371,331
Q4 2020	DORM Dorman Products, Inc.	Dorman Products, Inc.	Sell	-17,522	-40.2%	$2.27K	26,078
Q4 2020	ESS Essex Property Trust, Inc.	Essex Property Trust, Inc.	Sell	-25,926	-41.1%	$8.81K	37,117
Q4 2020	EXP Eagle Materials Inc	Eagle Materials Inc	Sell	-10,613	-5.4%	$18.86K	186,032
Q4 2020	FDX FedEx Corporation	FedEx Corporation	Sell - Position Exit	-50,628	-100.0%	$0.00	-
Q4 2020	FNF FNF Group of Fidelity National	FNF Group of Fidelity National	Sell	-23,439	-7.2%	$11.76K	300,909
Q4 2020	FPH Five Point Holdings, LLC	Five Point Holdings, LLC	Sell	-1,478,718	-14.4%	$48.07K	8,804,142
Q4 2020	FR First Industrial Realty Trust,	First Industrial Realty Trust,	Sell	-22,603	-8.6%	$10.19K	241,732
Q4 2020	FRPH FRP Holdings, Inc.	FRP Holdings, Inc.	Sell	-2,034	-1.5%	$5.91K	129,723
Q4 2020	HA		Sell	-144,279	-12.4%	$17.99K	1,016,436
Q4 2020	HBB Hamilton Beach Brands Holding C	Hamilton Beach Brands Holding C	Buy	+123,003	+195.2%	$3.26K	186,030
Q4 2020	HCC Warrior Met Coal, Inc.	Warrior Met Coal, Inc.	Sell	-273,393	-18.4%	$25.93K	1,216,410
Q4 2020	ICFI ICF International, Inc.	ICF International, Inc.	Buy	+69	+0.1%	$6.22K	83,673
Q4 2020	JBGS JBG SMITH Properties	JBG SMITH Properties	Sell	-150,630	-14.4%	$27.91K	892,595
Q4 2020	KALU Kaiser Aluminum Corporation	Kaiser Aluminum Corporation	Sell	-5,909	-10.2%	$5.16K	52,160
Q4 2020	KFY Korn Ferry	Korn Ferry	Buy	+29,996	+9.1%	$15.59K	358,469
Q4 2020	LEN Lennar Corporation	Lennar Corporation	Sell	-175,018	-52.4%	$12.10K	158,779
Q4 2020	LEN-B Lennar Corporation	Lennar Corporation	Sell	-217,209	-31.1%	$29.44K	480,974
Q4 2020	LOW Lowe's Companies, Inc.	Lowe's Companies, Inc.	Sell	-10,884	-6.7%	$24.19K	150,686
Q4 2020	MAC Macerich Company (The)	Macerich Company (The)	Buy	+18,449	+4.9%	$4.20K	393,421
Q4 2020	MHK Mohawk Industries, Inc.	Mohawk Industries, Inc.	Sell	-14,881	-10.1%	$18.67K	132,466
Q4 2020	MYRG MYR Group, Inc.	MYR Group, Inc.	Sell	-177,358	-58.4%	$7.61K	126,566

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