Marty Whitman - Third Avenue Management 13F Activity & Position Changes (Q4 2022)

According to the SEC 13F filed on Feb 10, 2023, the Third Avenue Management portfolio showed several notable changes in holdings as of quarter-end Dec 31, 2022. 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 2022, the filing reported:

New Buys - Brookfield Corporation, Deutsche Bank, Encore Capital Group Inc, U-Haul Holding Company Series N, iShares, Inc. iShares MSCI Worl

Increases - ProAssurance Corporation, Southside Bancshares, Inc., Tri Pointe Homes, Inc.

Reductions - American Homes 4 Rent, Brookfield Asset Management Inc, CBRE Group Inc, Comerica Incorporated, D.R. Horton, Inc., and 21 more

Complete Exits - BrightSphere Investment Group I, Cal-Maine Foods, Inc.

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 2022	AMH American Homes 4 Rent	American Homes 4 Rent	Sell	-13,967	-3.3%	$12.45M	413,163
Q4 2022	BAM Brookfield Asset Management Inc	Brookfield Asset Management Inc	Sell	-402,638	-75.6%	$3.73M	130,159
Q4 2022	BN Brookfield Corporation	Brookfield Corporation	Buy - Position Entry	+520,642	-	$16.38M	520,642
Q4 2022	BSIG BrightSphere Investment Group I	BrightSphere Investment Group I	Sell - Position Exit	-137,908	-100.0%	$0.00	-
Q4 2022	CALM Cal-Maine Foods, Inc.	Cal-Maine Foods, Inc.	Sell - Position Exit	-28,403	-100.0%	$0.00	-
Q4 2022	CBRE CBRE Group Inc	CBRE Group Inc	Sell	-57	-0.0%	$13.91M	180,742
Q4 2022	CMA Comerica Incorporated	Comerica Incorporated	Sell	-113	-0.0%	$20.29M	303,446
Q4 2022	DB Deutsche Bank	Deutsche Bank	Buy - Position Entry	+2,888,365	-	$32.64M	2,888,365
Q4 2022	DHI D.R. Horton, Inc.	D.R. Horton, Inc.	Sell	-13,715	-6.1%	$18.76M	210,497
Q4 2022	ECPG Encore Capital Group Inc	Encore Capital Group Inc	Buy - Position Entry	+119,531	-	$5.73M	119,531
Q4 2022	EME EMCOR Group, Inc.	EMCOR Group, Inc.	Sell	-13,191	-28.8%	$4.83M	32,597
Q4 2022	FIX Comfort Systems USA, Inc.	Comfort Systems USA, Inc.	Sell	-13,498	-31.8%	$3.33M	28,902
Q4 2022	FNF FNF Group of Fidelity National	FNF Group of Fidelity National	Sell	-21,598	-10.8%	$6.72M	178,625
Q4 2022	FPH Five Point Holdings, LLC	Five Point Holdings, LLC	Sell	-730,748	-13.5%	$10.90M	4,679,003
Q4 2022	FR First Industrial Realty Trust,	First Industrial Realty Trust,	Sell	-5,700	-3.5%	$7.60M	157,452
Q4 2022	FRPH FRP Holdings, Inc.	FRP Holdings, Inc.	Sell	-2,244	-1.7%	$6.82M	126,671
Q4 2022	HA		Sell	-255,286	-28.3%	$6.62M	645,702
Q4 2022	HCC Warrior Met Coal, Inc.	Warrior Met Coal, Inc.	Sell	-98,620	-7.2%	$44.15M	1,274,614
Q4 2022	IVT InvenTrust Properties Corp.	InvenTrust Properties Corp.	Sell	-32,282	-4.5%	$16.38M	692,220
Q4 2022	LEN-B Lennar Corporation	Lennar Corporation	Sell	-65,463	-16.6%	$24.53M	328,008
Q4 2022	LOW Lowe's Companies, Inc.	Lowe's Companies, Inc.	Sell	-13,607	-18.0%	$12.38M	62,159
Q4 2022	ORI Old Republic International Corp	Old Republic International Corp	Sell	-382	-0.0%	$20.23M	837,681
Q4 2022	PLD Prologis, Inc.	Prologis, Inc.	Sell	-6,177	-3.5%	$19.26M	170,864
Q4 2022	PRA ProAssurance Corporation	ProAssurance Corporation	Buy	+42,008	+12.5%	$6.62M	379,043
Q4 2022	RYN Rayonier Inc. REIT	Rayonier Inc. REIT	Sell	-42,570	-8.5%	$15.09M	457,950
Q4 2022	SBSI Southside Bancshares, Inc.	Southside Bancshares, Inc.	Buy	+52,317	+33.3%	$7.54M	209,426
Q4 2022	SPHR Sphere Entertainment Co.	Sphere Entertainment Co.	Sell	-19,679	-23.6%	$2.86M	63,558
Q4 2022	STRS Stratus Properties Inc.	Stratus Properties Inc.	Sell	-15,813	-20.8%	$1.16M	60,245
Q4 2022	TDW Tidewater Inc.	Tidewater Inc.	Sell	-286,932	-13.7%	$66.73M	1,810,925
Q4 2022	TPH Tri Pointe Homes, Inc.	Tri Pointe Homes, Inc.	Buy	+22,873	+7.4%	$6.14M	330,178

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