Third Avenue Management Buys Valaris, Preferred Apartment Communities Inc, Madison Square Garden Entertainment Corp, Sells Eagle Materials Inc, Lennar Corp, Mohawk Industries Inc

• New Purchases: VAL, APTS, MSGE,
• Added Positions: HBB, CALM, STRS,
• Reduced Positions: MHK, JBGS, SRG, TDW, VNO,
• Sold Out: EXP, LEN, MAC, CIO,

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) - 8,898,419 shares, 9.38% of the total portfolio. Shares added by 0.32%
2. Brookfield Asset Management Inc (BAM) - 828,596 shares, 5.97% of the total portfolio. Shares reduced by 0.75%
3. Warrior Met Coal Inc (HCC) - 1,730,328 shares, 5.42% of the total portfolio. Shares added by 0.29%
4. Lennar Corp (LEN.B) - 484,684 shares, 5.06% of the total portfolio. Shares added by 0.40%
5. Prologis Inc (PLD) - 255,401 shares, 4.31% of the total portfolio. Shares reduced by 0.18%

Third Avenue Management initiated holding in Valaris Ltd. The purchase prices were between $24.08 and $34.9, with an estimated average price of $28.76. The stock is now traded at around $35.570000. The impact to a portfolio due to this purchase was 1.46%. The holding were 310,047 shares as of 2021-09-30.

Third Avenue Management initiated holding in Preferred Apartment Communities Inc. The purchase prices were between $9.78 and $12.75, with an estimated average price of $11.31. The stock is now traded at around $13.810000. The impact to a portfolio due to this purchase was 0.42%. The holding were 257,713 shares as of 2021-09-30.

Third Avenue Management initiated holding in Madison Square Garden Entertainment Corp. The purchase prices were between $61.55 and $84.79, with an estimated average price of $75.17. The stock is now traded at around $75.630000. The impact to a portfolio due to this purchase was 0.27%. The holding were 27,448 shares as of 2021-09-30.

Third Avenue Management added to a holding in Hamilton Beach Brands Holding Co by 24.30%. The purchase prices were between $15.46 and $22.34, with an estimated average price of $18. The stock is now traded at around $17.120000. The impact to a portfolio due to this purchase was 0.12%. The holding were 282,436 shares as of 2021-09-30.

Third Avenue Management added to a holding in Cal-Maine Foods Inc by 20.28%. The purchase prices were between $34.05 and $37.85, with an estimated average price of $35.67. The stock is now traded at around $36.360000. The impact to a portfolio due to this purchase was 0.11%. The holding were 139,635 shares as of 2021-09-30.

Third Avenue Management sold out a holding in Eagle Materials Inc. The sale prices were between $131.08 and $157.34, with an estimated average price of $143.72.

Third Avenue Management sold out a holding in Lennar Corp. The sale prices were between $93.68 and $108.84, with an estimated average price of $102.27.

Third Avenue Management sold out a holding in Macerich Co. The sale prices were between $15.36 and $18.7, with an estimated average price of $17.

Third Avenue Management sold out a holding in City Office REIT Inc. The sale prices were between $11.98 and $18.15, with an estimated average price of $14.55.