Third Avenue Management Buys Five Point Holdings LLC, Warrior Met Coal Inc, Lennar Corp, Sells Cavco Industries Inc, Rayonier Inc, Tejon Ranch Co

• New Purchases: HA, ATNI, SAFM, RESI, GRBK, JCAP,
• Added Positions: FPH, HCC, LEN.B, MAC, FCE.A, SRG, SMHI, PB, MYRG, TDW,
• Reduced Positions: RYN, TRC, BK, DB, WTM, BAM, AMN, FCN, TOT,
• Sold Out: CVCO, KEY, KFY, TILE, CZZ, DST, NSIT,

For the details of Third Avenue Management's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Third+Avenue+Management

1. Weyerhaeuser Co (WY) - 5,042,034 shares, 9.11% of the total portfolio. Shares reduced by 0.26%
2. Forest City Realty Trust Inc (FCE.A) - 7,186,748 shares, 8.13% of the total portfolio. Shares added by 2.15%
3. Brookfield Asset Management Inc (BAM) - 4,019,577 shares, 8.08% of the total portfolio. Shares reduced by 2.14%
4. Lennar Corp (LEN) - 2,627,183 shares, 6.84% of the total portfolio. Shares reduced by 0.32%
5. Five Point Holdings LLC (FPH) - 8,676,526 shares, 4.84% of the total portfolio. Shares added by 225.09%

Third Avenue Management initiated holding in Hawaiian Holdings Inc. The purchase prices were between $35.95 and $42.45, with an estimated average price of $38.57. The stock is now traded at around $39.85. The impact to a portfolio due to this purchase was 0.71%. The holding were 398,880 shares as of 2018-06-30.

Third Avenue Management initiated holding in ATN International Inc. The purchase prices were between $50.08 and $67.38, with an estimated average price of $56.21. The stock is now traded at around $53.50. The impact to a portfolio due to this purchase was 0.3%. The holding were 115,053 shares as of 2018-06-30.

Third Avenue Management initiated holding in Sanderson Farms Inc. The purchase prices were between $97.63 and $117.63, with an estimated average price of $108.72. The stock is now traded at around $97.36. The impact to a portfolio due to this purchase was 0.08%. The holding were 15,407 shares as of 2018-06-30.

Third Avenue Management initiated holding in Front Yard Residential Corp. The purchase prices were between $9.59 and $11.45, with an estimated average price of $10.38. The stock is now traded at around $10.26. The impact to a portfolio due to this purchase was 0.03%. The holding were 65,000 shares as of 2018-06-30.

Third Avenue Management initiated holding in Jernigan Capital Inc. The purchase prices were between $17.63 and $20.28, with an estimated average price of $18.91. The stock is now traded at around $18.21. The impact to a portfolio due to this purchase was 0.02%. The holding were 25,000 shares as of 2018-06-30.

Third Avenue Management initiated holding in Green Brick Partners Inc. The purchase prices were between $9.2 and $12.3, with an estimated average price of $10.94. The stock is now traded at around $9.70. The impact to a portfolio due to this purchase was 0.02%. The holding were 50,000 shares as of 2018-06-30.

Third Avenue Management added to a holding in Five Point Holdings LLC by 225.09%. The purchase prices were between $10.62 and $14.93, with an estimated average price of $12.56. The stock is now traded at around $11.38. The impact to a portfolio due to this purchase was 3.35%. The holding were 8,676,526 shares as of 2018-06-30.

Third Avenue Management added to a holding in Warrior Met Coal Inc by 97.71%. The purchase prices were between $22.44 and $30.5, with an estimated average price of $26.33. The stock is now traded at around $28.12. The impact to a portfolio due to this purchase was 1.7%. The holding were 2,515,767 shares as of 2018-06-30.

Third Avenue Management added to a holding in Lennar Corp by 149.61%. The purchase prices were between $40.21 and $51.8, with an estimated average price of $43.55. The stock is now traded at around $42.56. The impact to a portfolio due to this purchase was 1.39%. The holding were 1,098,003 shares as of 2018-06-30.

Third Avenue Management added to a holding in Macerich Co by 29.87%. The purchase prices were between $54.11 and $59.01, with an estimated average price of $56.73. The stock is now traded at around $57.69. The impact to a portfolio due to this purchase was 1.02%. The holding were 1,580,774 shares as of 2018-06-30.

Third Avenue Management added to a holding in Seritage Growth Properties by 36.97%. The purchase prices were between $34.5 and $44.53, with an estimated average price of $39.01. The stock is now traded at around $42.96. The impact to a portfolio due to this purchase was 0.16%. The holding were 291,300 shares as of 2018-06-30.

Third Avenue Management added to a holding in Seacor Marine Holdings Inc by 22.52%. The purchase prices were between $19.25 and $24.32, with an estimated average price of $22.69. The stock is now traded at around $24.00. The impact to a portfolio due to this purchase was 0.08%. The holding were 357,650 shares as of 2018-06-30.

Third Avenue Management sold out a holding in Cavco Industries Inc. The sale prices were between $166.85 and $221.4, with an estimated average price of $187.6.

Third Avenue Management sold out a holding in KeyCorp. The sale prices were between $18.87 and $20.67, with an estimated average price of $19.97.

Third Avenue Management sold out a holding in Korn/Ferry International. The sale prices were between $50.69 and $64.94, with an estimated average price of $56.21.

Third Avenue Management sold out a holding in Interface Inc. The sale prices were between $21.85 and $25.85, with an estimated average price of $23.71.

Third Avenue Management sold out a holding in Cosan Ltd. The sale prices were between $7.63 and $10.78, with an estimated average price of $9.38.

Third Avenue Management sold out a holding in DST Systems Inc. The sale prices were between $83.5 and $83.99, with an estimated average price of $83.67.

Third Avenue Management reduced to a holding in Rayonier Inc by 22.8%. The sale prices were between $34.82 and $39.55, with an estimated average price of $37.69. The stock is now traded at around $34.99. The impact to a portfolio due to this sale was -1.25%. Third Avenue Management still held 2,367,798 shares as of 2018-06-30.

Third Avenue Management reduced to a holding in Tejon Ranch Co by 30.29%. The sale prices were between $22.84 and $25.89, with an estimated average price of $24.79. The stock is now traded at around $23.91. The impact to a portfolio due to this sale was -0.94%. Third Avenue Management still held 1,847,154 shares as of 2018-06-30.

Third Avenue Management reduced to a holding in Bank of New York Mellon Corp by 28.16%. The sale prices were between $50.15 and $57.72, with an estimated average price of $55.18. The stock is now traded at around $53.30. The impact to a portfolio due to this sale was -0.8%. Third Avenue Management still held 781,948 shares as of 2018-06-30.

Third Avenue Management reduced to a holding in Deutsche Bank AG by 54%. The sale prices were between $10.38 and $14.78, with an estimated average price of $12.78. The stock is now traded at around $12.18. The impact to a portfolio due to this sale was -0.27%. Third Avenue Management still held 322,000 shares as of 2018-06-30.

Third Avenue Management reduced to a holding in AMN Healthcare Services Inc by 26.02%. The sale prices were between $51.9 and $67.75, with an estimated average price of $59.73. The stock is now traded at around $61.35. The impact to a portfolio due to this sale was -0.09%. Third Avenue Management still held 87,749 shares as of 2018-06-30.