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

According to the SEC 13F filed on Feb 12, 2021, the Third Avenue Management portfolio showed several notable changes in holdings as of quarter-end Dec 31, 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 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 Inc, 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 Inc	Brookfield Asset Management Inc	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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