Third Avenue Management Buys Lazard, ProAssurance Corp, Prosperity Bancshares Inc, Sells Vornado Realty Trust, Lennar Corp, Lennar Corp

• New Purchases: LAZ, PRA, SPY,
• Added Positions: PB, HBB, AMH, KFY, BATRA, SBSI, CALM, WASH, MAC, SEB, CTO,
• Reduced Positions: VNO, LEN.B, LEN, BAM, WY, MYRG, FPH, ESS, HCC, JBGS, PLD, VC, ORI, TDW, ALCO, RYN, HA, LOW, DORM, MHK, UHAL, EXP, FR, CBRE, FNF, CMA, SRG, ATNI, NXRT, KALU, CIO, FRPH,
• Sold Out: FDX, AGX, CARE,

For the details of Third Avenue Management's stock buys and sells, go to https://www.gurufocus.com/guru/third+avenue+management/current-portfolio/portfolio

1. Five Point Holdings LLC (FPH) - 8,804,142 shares, 6.74% of the total portfolio. Shares reduced by 14.38%
2. Weyerhaeuser Co (WY) - 1,337,290 shares, 6.29% of the total portfolio. Shares reduced by 20.73%
3. Brookfield Asset Management Inc (BAM) - 1,006,002 shares, 5.83% of the total portfolio. Shares reduced by 24.2%
4. Prologis Inc (PLD) - 314,604 shares, 4.40% of the total portfolio. Shares reduced by 9.98%
5. Lennar Corp (LEN.B) - 480,974 shares, 4.13% of the total portfolio. Shares reduced by 31.11%

Third Avenue Management initiated holding in Lazard Ltd. The purchase prices were between $33.52 and $42.3, with an estimated average price of $37.85. The stock is now traded at around $42.040000. The impact to a portfolio due to this purchase was 2.17%. The holding were 366,216 shares as of 2020-12-31.

Third Avenue Management initiated holding in ProAssurance Corp. The purchase prices were between $13.62 and $18.76, with an estimated average price of $16.3. The stock is now traded at around $22.230000. The impact to a portfolio due to this purchase was 0.74%. The holding were 297,038 shares as of 2020-12-31.

Third Avenue Management initiated holding in SSGA SPDR S&P 500. The purchase prices were between $326.54 and $373.88, with an estimated average price of $355.39. The stock is now traded at around $391.572900. The impact to a portfolio due to this purchase was 0.02%. The holding were 377 shares as of 2020-12-31.

Third Avenue Management added to a holding in Prosperity Bancshares Inc by 43.22%. The purchase prices were between $52.98 and $70.01, with an estimated average price of $61.49. The stock is now traded at around $70.845000. The impact to a portfolio due to this purchase was 0.32%. The holding were 107,928 shares as of 2020-12-31.

Third Avenue Management added to a holding in Hamilton Beach Brands Holding Co by 195.16%. The purchase prices were between $16.77 and $23.9, with an estimated average price of $19.67. The stock is now traded at around $19.010000. The impact to a portfolio due to this purchase was 0.3%. The holding were 186,030 shares as of 2020-12-31.

Third Avenue Management added to a holding in Liberty Braves Group by 41.90%. The purchase prices were between $20.44 and $27.8, with an estimated average price of $23.85. The stock is now traded at around $28.630000. The impact to a portfolio due to this purchase was 0.18%. The holding were 174,128 shares as of 2020-12-31.

Third Avenue Management added to a holding in Southside Bancshares Inc by 21.11%. The purchase prices were between $24.99 and $31.71, with an estimated average price of $28.85. The stock is now traded at around $34.550000. The impact to a portfolio due to this purchase was 0.14%. The holding were 180,778 shares as of 2020-12-31.

Third Avenue Management added to a holding in CTO Realty Growth Inc by 28.62%. The purchase prices were between $38.88 and $52.59, with an estimated average price of $44.15. The stock is now traded at around $48.020000. The impact to a portfolio due to this purchase was 0.02%. The holding were 19,293 shares as of 2020-12-31.

Third Avenue Management sold out a holding in FedEx Corp. The sale prices were between $255.2 and $301.45, with an estimated average price of $277.34.

Third Avenue Management sold out a holding in Argan Inc. The sale prices were between $40.72 and $50.36, with an estimated average price of $44.92.

Third Avenue Management sold out a holding in Carter Bankshares Inc. The sale prices were between $6.77 and $11.14, with an estimated average price of $8.53.