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

As of Dec 31, 2022, the Third Avenue Management portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on Feb 10, 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 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 Ltd., 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 Ltd.	Brookfield Asset Management Ltd.	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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