Third Avenue Management recent buys & sells (2019 Q3)
Marty Whitman
Third Avenue Management Portfolio Changes
Purchase & sale details
- Portfolio value:
- $1.11B (-$83M)
- Previous value:
- $1.19B
- # of changes:
- 37
- New positions:
- 2
- Reported for:
- 30 Sep 2019 (Q3)
- Latest filing date:
- 13 Nov 2019
Third Avenue Management has disclosed a total of 37 changes to the portfolio in the (2019 Q3) SEC report(s): increased the number of shares of 13, bought 2 totally new, decreased the number of shares of 19 and completely sold out 3 position(s).
What stocks did Third Avenue Management buy in 2019 Q3?
During 2019 Q3 Third Avenue Management has bought 15 securities out of which top 5 purchases (by % change to portfolio) were (LEN-B) Lennar Corp (added shares +0.70%), (JBGS) JBG SMITH Properties (added shares +0.51%), (TDW) Tidewater Inc (added shares +5.23%), (VNO) Vornado Realty Trust (added shares +56.27%) and (PNC) PNC Financial Services Group Inc (added shares +1.99%).
In the 2019 Q3 report(s) the following changes have been made to the top investments: (WY) Weyerhaeuser Company (reduced shares -21.95%), (BN) Brookfield Corp (reduced shares -2.76%), (FPH) Five Point Holdings LLC (reduced shares -4.89%), (LEN-B) Lennar Corp (added shares +0.70%) and (LEN) Lennar Corp (reduced shares -27.75%).
37 results
| History | Ticker | Name |
% or activity |
Shares change |
Shares held after* |
% change to portfolio |
Reported price* |
% difference current price* |
% of portfolio |
Held since* | Held for* |
|---|---|---|---|---|---|---|---|---|---|---|---|
|
|
Digitalbridge Group Inc
|
new
|
$24.08
|
-33.56%($16.00)
|
0.95%
|
2019 Q3
|
~0.25 years
|
||||
|
|
Cooper Tire & Rubber Company
|
new
|
$26.12
|
|
0.23%
|
2019 Q3
|
~0.25 years
|
||||
|
|
Vornado Realty Trust
|
+56.27%
|
$63.67
|
-45.58%($34.65)
|
3.57%
|
2013 Q2*
|
> 6 years
|
||||
|
|
MYR Group Inc
|
+19.28%
|
$31.29
|
+821.15%($288.24)
|
1.08%
|
2015 Q4
|
~4.00 years
|
||||
|
|
Comfort Systems USA Inc
|
+19.00%
|
$44.23
|
+2,986.43%($1,365.21)
|
0.54%
|
2016 Q3
|
~3.25 years
|
||||
|
|
Mohawk Industries Inc
|
+18.63%
|
$124.07
|
+5.20%($130.52)
|
1.64%
|
2019 Q1
|
~0.75 years
|
||||
|
|
Tidewater Inc
|
+5.23%
|
$15.11
|
+470.06%($86.14)
|
3.73%
|
2017 Q3
|
~2.25 years
|
||||
|
|
Customers Bancorp, Inc
|
+2.95%
|
$20.74
|
+323.13%($87.76)
|
1.05%
|
2018 Q4
|
~1.00 year
|
||||
|
|
PNC Financial Services Group Inc
|
+1.99%
|
$140.16
|
+65.65%($232.18)
|
3.43%
|
2014 Q3
|
~5.25 years
|
||||
|
|
Seritage Growth Properties
|
+1.94%
|
$42.49
|
-96.12%($1.65)
|
1.24%
|
2018 Q1
|
~1.75 years
|
||||
* Shares, change to shares, sold shares, shares held after: split-adjusted.
* Reported price: this doesn't represent the actual buy or sell price. It is the split-adjusted price of the security as of the last day of the reported period.
* Current price: this can be a delayed price and may not reflect the real-time market value, however it is too close.
* Value or Price: If the security is completely sold out, we show the reported value (or price) prior to the actual period.
* Held since / Held for: calculated since the latest "new buy" position. If the security was previously exited and re-entered, only the most recent holding period is counted. 2013 Q2 is the earliest period we have data for, so "2013 Q2*" means "2013 Q2 or earlier".