Marty Whitman Portfolio Concentration: Analysis of Top Holdings as of March 31, 2026

As of March 31, 2026, Marty Whitman's portfolio, managed through Third Avenue Management, showed significant concentration in specific sectors and individual stocks. The analysis of the portfolio reveals a notable allocation to certain industries, with several holdings experiencing substantial changes in share count from the previous period.

The largest position in Whitman's portfolio is Tidewater Inc. (TDW), representing approximately 12.49% of the total portfolio value. This Energy sector stock saw an increase in shares held, with a 5.51% rise in holdings compared to the prior period. Another significant Energy holding is Valaris Ltd. (VAL), which accounts for 8.09% of the portfolio. However, this position decreased by 13.04% in terms of shares during the period.

Boise Cascade Company (BCC), a Basic Materials stock, holds a 6.92% allocation and experienced a substantial 30.7% increase in shares. Similarly, Warrior Met Coal Inc. (HCC), another Basic Materials holding at 5.5% allocation, saw a significant reduction, with shares decreasing by 37.6%.

Whitman's portfolio also includes notable positions in other sectors. Harley-Davidson Inc. (HOG) and Robert Half, Inc. (RHI) each represent around 4.8% and 3.73% of the portfolio, respectively, and both saw a 100% increase in shares during the period. The portfolio includes several Real Estate holdings, including Brookfield Corp. (BN), Five Point Holdings (FPH), CBRE Group (CBRE), and Prologis (PLD), though these generally hold smaller allocations compared to the Energy and Basic Materials sectors.

For detailed information on Marty Whitman's investment strategy and Third Avenue Management, please visit Third Avenue Management's profile. For specific data on any of the holdings, such as Tidewater Inc. (TDW) or Valaris Ltd. (VAL), please refer to their respective profiles: TDW, VAL, BCC, HCC, HOG, RHI, BN, FPH, CBRE, and PLD.