Marty Whitman's Top Holdings in Q1 2026: Energy, Real Estate Shifts
Marty Whitman's Third Avenue Management portfolio as of March 31, 2026, features significant changes in Energy and Real Estate sectors, with notable increases in TDW and decreases in several Real Estate holdings.
As of March 31, 2026, Marty Whitman's portfolio at Third Avenue Management, valued at approximately $616 million, shows notable shifts in its top holdings. Whitman's focus remains heavily on the Energy and Real Estate sectors, with several positions experiencing significant changes in share count.
Whitman increased his stake in Tidewater Inc. (TDW), a position representing 12.49% of the portfolio, by 5.51%. Conversely, Valaris Ltd. (VAL), another Energy holding at 8.09% allocation, saw a reduction of 13.04% in shares. In the Energy sector, Boise Cascade Company (BCC) also showed strong positive momentum with a 30.7% increase in shares, while Warrior Met Coal Inc. (HCC) experienced a substantial 37.6% decrease.
Whitman also made significant additions in the Consumer Cyclical and Industrials sectors. Harley-Davidson Inc. (HOG) and Robert Half, Inc. (RHI) both entered the portfolio at 4.8% and 3.73% allocations respectively, with 100% increases in shares from the previous period.
In the Financial Services sector, Brookfield Corp. (BN) saw a modest reduction of 12.16% in its position, now holding 3.16% of the portfolio. The Real Estate sector, which accounts for 9.03% of the portfolio, showed multiple decreases: Five Point Holdings LLC (FPH) fell by 6.14%, CBRE Group, Inc. (CBRE) by 7.15%, and Prologis Inc. (PLD) by 13.41%.
For detailed analysis of each holding, explore the individual stock profiles: TDW, VAL, BCC, HCC, HOG, RHI, BN, FPH, CBRE, and PLD. For more on Marty Whitman's investment approach, visit Third Avenue Management's investor profile.