13F filing recap · Q1 2019

What did Third Avenue Management buy in Q1 2019?

Reported stock-position changes between this filing and the previous one. US-listed stocks across every Third Avenue account, including accounts that belong to no fund below.

Stock value

$1.29B

Positions

Estimated turnover

24.8%

Turnover is a proxy: verified trade-origin share changes valued at period-end and divided by average reported stock value. SEC holdings reports do not disclose execution dates or prices. Corporate actions and unreconciled activity are excluded.

New positions

EXPEagle Materials Inc.$15.65Mreported value+175.9K shares MHKMohawk Industries, Inc.$11.90Mreported value+88.8K shares CARECarter Bankshares, Inc.$6.66Mreported value+337.6K shares AGXArgan Inc$4.29Mreported value+89.0K shares

Increased positions

FPHFive Point Holdings, LLC$105.97Mreported value+109.6K shares+1.0%TDWTidewater Inc$56.98Mreported value+34.7K shares+1.4%JBGSJbg Smith Properties$54.27Mreported value+677.7K shares+106.4%LEN.BLennar Corp /new/$51.05Mreported value+5.7K shares

Reduced positions

WYWeyerhaeuser Company$110.12Mreported value-513.1K shares-10.7%LENLennar Corp /new/$99.49Mreported value-604.8K shares-23.7%BAMBrookfield Corporation$80.10Mreported value-1.01M shares-37.2%RYNRayonier Inc.$65.99Mreported value-180.9K shares

Exited positions

DWDPDowdupont Inc$13.43Mprior reported value-251.2K shares-100.0%TTEKTetra Tech, Inc.$6.20Mprior reported value-119.8K shares-100.0%SPYSPDR S&P 500 ETF Trust$2.81Mprior reported value-11.2K shares-100.0%SMPStandard Motor Products, Inc.$2.27Mprior reported value-46.9K shares