13F filing recap · Q4 2021

What did Third Avenue Management buy in Q4 2021?

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

$760.44M

Positions

Estimated turnover

12.0%

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

IVTInventrust Properties Corp.$13.74Mreported value+503.9K shares CTTCatchmark Timber Trust, Inc.$772.0Kreported value+88.5K shares WHLR 8.75 PERP DWheeler Real Estate Investment Trust, Inc.$181.0Kreported value+12.0K shares WHLR 9 PERP BWheeler Real Estate Investment Trust, Inc.$81.0Kreported value+12.0K shares WHLRWheeler Real Estate Investment Trust, Inc.$78.0Kreported value+40.0K shares

Increased positions

HCCWarrior Met Coal, Inc.$47.96Mreported value+134.9K shares+7.8%TPHSTrinity Place Holdings Inc.$11.99Mreported value+434.2K shares+7.1%APTSPreferred Apartment Communities Inc$8.21Mreported value+196.7K shares+76.3%STRSStratus Properties Inc.$5.22Mreported value+1.7K shares

Reduced positions

FPHFive Point Holdings, LLC$57.11Mreported value-165.7K shares-1.9%LEN.BLennar Corp /new/$45.72Mreported value-6.6K shares-1.4%BAMBrookfield Corporation$43.02Mreported value-116.0K shares-14.0%PLDPrologis, Inc.$42.36Mreported value-3.8K shares

Exited positions

MHKMohawk Industries, Inc.$11.79Mprior reported value-66.5K shares-100.0%VNOVornado Realty Trust$8.11Mprior reported value-193.0K shares-100.0%ATNIAtn International, Inc.$4.40Mprior reported value-93.9K shares-100.0%SRGSeritage Growth Properties$3.00Mprior reported value-202.3K shares