Marty Whitman – Third Avenue Management Portfolio Activity & Recent Trades (Jun 30, 2025)

As of Jun 30, 2025, the Third Avenue Management portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on Aug 13, 2025. 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 Q2 2025, the filing reported:

New Buys – Cantaloupe, Inc. (CTLP), Champion Homes, Inc. (SKY), Visteon Corporation (VC)

Increases – Ambac Financial Group, Inc. (AMBC), Tidewater Inc. (TDW), OceanFirst Financial Corp. (OCFC), PulteGroup, Inc. (PHM), Warrior Met Coal, Inc. (HCC), and 8 more

Reductions – UMB Financial Corporation (UMBF), Jones Lang LaSalle Incorporated (JLL), Seaboard Corporation (SEB), Rayonier Inc. REIT (RYN), CBRE Group Inc (CBRE), and 14 more

Complete Exits – U-Haul Holding Company (UHAL), Green Brick Partners, Inc. (GRBK), Stewart Information Services Co (STC), PotlatchDeltic Corporation - Co (PCH), Corporacion Inmobiliaria Vesta, (VTMX), and 7 more

These updates highlight how the portfolio adjusted across different sectors and market conditions, offering insights into allocation shifts and investment trends.

Third Avenue Management Activity

Date	Symbol	Name	Type	Quantity	Value	Remaining
Q2 2023Jun 30, 2023	SBSI Southside Bancshares, Inc.	Southside Bancshares, Inc.	Buy	+128,188+157.8%	$5.48M	209,426
Q2 2023Jun 30, 2023	VAL Valaris Ltd	Valaris Ltd	Buy	+110,522+35.7%	$26.41M	419,726
Q2 2023Jun 30, 2023	CMA Comerica Incorporated	Comerica Incorporated	Buy	+94,548+19.7%	$24.35M	574,906
Q2 2023Jun 30, 2023	ROIC Retail Opportunity Investments	Retail Opportunity Investments	Buy	+87,664+3752.7%	$1.22M	90,000
Q2 2023Jun 30, 2023	WSR Whitestone REIT	Whitestone REIT	Buy - Position Entry	+80,000	$776.00K	80,000
Q2 2023Jun 30, 2023	SUPN Supernus Pharmaceuticals, Inc.	Supernus Pharmaceuticals, Inc.	Buy	+64,602+2626.1%	$2.02M	67,062
Q2 2023Jun 30, 2023	EQC Equity	Equity	Buy - Position Entry	+55,000	$1.11M	55,000
Q2 2023Jun 30, 2023	PLD Prologis, Inc.	Prologis, Inc.	Buy	+48,566+47.6%	$18.46M	150,531
Q2 2023Jun 30, 2023	ELME Elme Communities	Elme Communities	Buy - Position Entry	+45,000	$739.80K	45,000
Q2 2023Jun 30, 2023	SPHR Sphere Entertainment Co.	Sphere Entertainment Co.	Buy	+41,551+47.6%	$3.53M	128,752
Q2 2023Jun 30, 2023	DB Deutsche Bank	Deutsche Bank	Buy	+37,467+1.2%	$31.99M	3,048,570
Q2 2023Jun 30, 2023	FR First Industrial Realty Trust,	First Industrial Realty Trust,	Buy	+36,582+30.1%	$8.32M	158,010
Q2 2023Jun 30, 2023	KALU Kaiser Aluminum Corporation	Kaiser Aluminum Corporation	Buy	+32,406+50.4%	$6.93M	96,721
Q2 2023Jun 30, 2023	JLL Jones Lang LaSalle Incorporated	Jones Lang LaSalle Incorporated	Buy	+23,143+45.2%	$11.59M	74,378
Q2 2023Jun 30, 2023	ECPG Encore Capital Group Inc	Encore Capital Group Inc	Buy	+12,118+9.1%	$7.05M	144,955
Q2 2023Jun 30, 2023	SUI Sun Communities, Inc.	Sun Communities, Inc.	Buy - Position Entry	+11,517	$1.50M	11,517
Q2 2023Jun 30, 2023	RMR The RMR Group Inc.	The RMR Group Inc.	Buy	+11,000+42.3%	$857.29K	37,000
Q2 2023Jun 30, 2023	ITIC Investors Title Company	Investors Title Company	Buy - Position Entry	+6,673	$974.26K	6,673
Q2 2023Jun 30, 2023	HA		Buy	+5,992+0.4%	$16.82M	1,562,125
Q2 2023Jun 30, 2023	CTO CTO Realty Growth, Inc.	CTO Realty Growth, Inc.	Buy	+5,121+8.8%	$1.08M	63,000
Q2 2023Jun 30, 2023	UNF Unifirst Corporation	Unifirst Corporation	Buy	+4,895+32.8%	$3.07M	19,837
Q2 2023Jun 30, 2023	HCC Warrior Met Coal, Inc.	Warrior Met Coal, Inc.	Buy	+1,644+0.1%	$52.38M	1,344,911
Q2 2023Jun 30, 2023	UHAL-B U-Haul Holding Company Series N	U-Haul Holding Company Series N	Sell	-23-0.0%	$15.83M	312,421
Q2 2023Jun 30, 2023	CBRE CBRE Group Inc	CBRE Group Inc	Sell	-32-0.0%	$14.62M	181,189
Q2 2023Jun 30, 2023	BN Brookfield Corporation	Brookfield Corporation	Sell	-103-0.0%	$17.54M	521,123
Q2 2023Jun 30, 2023	WY Weyerhaeuser Company	Weyerhaeuser Company	Sell	-105-0.0%	$16.26M	485,242
Q2 2023Jun 30, 2023	UMBF UMB Financial Corporation	UMB Financial Corporation	Sell	-139-0.1%	$9.09M	149,284
Q2 2023Jun 30, 2023	WASH Washington Trust Bancorp, Inc.	Washington Trust Bancorp, Inc.	Sell	-162-0.1%	$5.47M	204,152
Q2 2023Jun 30, 2023	FRPH FRP Holdings, Inc.	FRP Holdings, Inc.	Sell	-182-0.1%	$7.28M	126,489
Q2 2023Jun 30, 2023	HBB Hamilton Beach Brands Holding C	Hamilton Beach Brands Holding C	Sell	-894-0.2%	$5.50M	569,404

Page 10 of 79 • 2341 total trades

«‹

8 9 10 11 12

›»