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
Q1 2015Mar 31, 2015	LOW Lowe's Companies, Inc.	Lowe's Companies, Inc.	Buy	+9,351+0.7%	$94.30K	1,267,576
Q1 2015Mar 31, 2015	POWL Powell Industries, Inc.	Powell Industries, Inc.	Buy	+8,600+80.8%	$650.00	19,250
Q1 2015Mar 31, 2015	HYI Western Asset High Yield Define	Western Asset High Yield Define	Buy	+7,414+1.4%	$8.82K	539,286
Q1 2015Mar 31, 2015	VNO Vornado Realty Trust	Vornado Realty Trust	Buy	+5,080+0.6%	$89.30K	797,330
Q1 2015Mar 31, 2015	UMBF UMB Financial Corporation	UMB Financial Corporation	Buy	+4,671+3.0%	$8.46K	159,873
Q1 2015Mar 31, 2015	ARDC Ares Dynamic Credit Allocation	Ares Dynamic Credit Allocation	Buy	+4,260+1.4%	$4.89K	301,131
Q1 2015Mar 31, 2015	HYB New America High Income Fund, I	New America High Income Fund, I	Buy	+3,971+0.7%	$5.16K	569,728
Q1 2015Mar 31, 2015	VOD Vodafone Group Plc	Vodafone Group Plc	Buy - Position Entry	+3,372	$110.00	3,372
Q1 2015Mar 31, 2015	H Hyatt Hotels Corporation	Hyatt Hotels Corporation	Buy	+2,368+0.5%	$28.19K	475,981
Q1 2015Mar 31, 2015	VZ Verizon Communications Inc.	Verizon Communications Inc.	Buy - Position Entry	+1,395	$68.00	1,395
Q1 2015Mar 31, 2015	WLK Westlake Corporation	Westlake Corporation	Buy	+400+8.9%	$353.00	4,900
Q1 2015Mar 31, 2015	TTE TotalEnergies SE	TotalEnergies SE	Buy	+358+8.5%	$226.00	4,559
Q1 2015Mar 31, 2015	SXC SunCoke Energy, Inc.	SunCoke Energy, Inc.	Buy	+225+0.1%	$6.29K	421,206
Q1 2015Mar 31, 2015	FCN FTI Consulting, Inc.	FTI Consulting, Inc.	Buy	+92+0.0%	$10.77K	287,435
Q1 2015Mar 31, 2015	PB Prosperity Bancshares, Inc.	Prosperity Bancshares, Inc.	Buy	+89+0.1%	$8.93K	170,057
Q1 2015Mar 31, 2015	TTEK Tetra Tech, Inc.	Tetra Tech, Inc.	Buy	+88+0.0%	$9.82K	408,753
Q1 2015Mar 31, 2015	EME EMCOR Group, Inc.	EMCOR Group, Inc.	Buy	+87+0.0%	$11.44K	246,200
Q1 2015Mar 31, 2015	ALCO Alico, Inc.	Alico, Inc.	Buy	+75+0.1%	$7.36K	143,643
Q1 2015Mar 31, 2015	B Barnes Group, Inc.	Barnes Group, Inc.	Buy	+37+0.0%	$10.71K	264,385
Q1 2015Mar 31, 2015	SMP Standard Motor Products, Inc.	Standard Motor Products, Inc.	Buy	+35+0.0%	$8.71K	206,065
Q1 2015Mar 31, 2015	KALU Kaiser Aluminum Corporation	Kaiser Aluminum Corporation	Buy	+35+0.0%	$8.27K	107,583
Q1 2015Mar 31, 2015	ENS EnerSys	EnerSys	Buy	+25+0.0%	$8.22K	128,025
Q1 2015Mar 31, 2015	G9618E107 White Mountains	White Mountains	Sell	-4,488-2.9%	$102.66K	149,970
Q1 2015Mar 31, 2015	TRC Tejon Ranch Co	Tejon Ranch Co	Sell	-5,255-0.2%	$61.44K	2,322,803
Q1 2015Mar 31, 2015	SNY Sanofi	Sanofi	Sell - Position Exit	-10,704-100.0%	$0.00	-
Q1 2015Mar 31, 2015	MTN Vail Resorts, Inc.	Vail Resorts, Inc.	Sell	-13,492-16.0%	$7.34K	70,947
Q1 2015Mar 31, 2015	EXLS ExlService Holdings, Inc.	ExlService Holdings, Inc.	Sell - Position Exit	-15,007-100.0%	$0.00	-
Q1 2015Mar 31, 2015	DVN Devon Energy Corporation	Devon Energy Corporation	Sell	-17,162-1.0%	$105.99K	1,757,479
Q1 2015Mar 31, 2015	G0457F107 Arcos Dorados	Arcos Dorados	Sell	-18,025-1.2%	$7.20K	1,461,176
Q1 2015Mar 31, 2015	G0450A105 Arch Capital	Arch Capital	Sell	-18,423-15.1%	$6.38K	103,494

Page 62 of 79 • 2341 total trades

«‹

60 61 62 63 64

›»