Third Avenue Management, founded by legendary investor Marty Whitman, looks for cheap and safe investments. They had some quite contrarian plays these days with MBIA, Radian, Ambac etc. Third Avenue Management owns 173 stocks with a total value of $10.5 billion. These are the details of the buys and sells.
Third Avenue Management buys Genesee & Wyoming Inc., Allianz SE, iPath Dow Jones AIG Agriculture Total Re, Castlepoint Holdings Ltd., UltraShort FTSE/Xinhua China 25 ProShare, UltraShort MSCI Emerging Markets ProShar, PZENA INVESTMENT MANAGEMENT INC, REIS, INC, HKN Inc, CRM Holdings Ltd., ABITIBIBOWATER INC, ABITIBIBOWATER INC, sells The TorontoDominion Bank, ACE Ltd., St. Jude Medical Inc., CNX Gas Corp., The First American Corp., Comstock Resources Inc., Aspen Insurance Holdings Ltd., Investment Technology Group Inc., Willbros Group Inc., PAREXEL International Corp., American Financial Realty Trust, A.S.V. Inc., Stewart Information Services Corp., Tompkins Financial Corp., CapLease Inc., Mercer International Inc., Quadra Realty Trust Inc., Greenlight Capital Re Ltd., Haynes International Inc. during the 3-months ended 03/31/2008, according to the most recent filings of his investment company, Third Avenue Management. Third Avenue Management owns 173 stocks with a total value of $10.5 billion. These are the details of the buys and sells.
New Purchases: ABH, AZ, CPHL, CRMH, EEV, FXP, GWR, HKN, JJA, PZN, REIS, ABH,
Added Positions: ABK, ADS, BAM, BIP, BRNC, CCRN, CIT, CUZ, EFII, EGP, FCE-A, FFCO, IMN, IRS, KSWS, LM, LPX, MBI, MTN, PATR, PKX, SCMR, SM, TGIC, TLAB, UMC, USG, WIRE, WLK,
Reduced Positions: ACGL, ALEX, GLNG, IM, ISBC, JAKK, KPPC, LMC, MDC, MTG, PFE, PLD, PPDI, RCKB, SHLD, WLL, XEC, LF, ALCO, ALEX, GSIG, MDC,
Sold Out: ACE, AFR, AHL, ASVI, CRK, CXG, FAF, GLRE, HAYN, ITG, LSE, MERC, PRXL, QRR, STC, STJ, TD, TMP, WG,
For the details of Third Avenue Management's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Third+Avenue+Management
Third Avenue Management buys Genesee & Wyoming Inc., Allianz SE, iPath Dow Jones AIG Agriculture Total Re, Castlepoint Holdings Ltd., UltraShort FTSE/Xinhua China 25 ProShare, UltraShort MSCI Emerging Markets ProShar, PZENA INVESTMENT MANAGEMENT INC, REIS, INC, HKN Inc, CRM Holdings Ltd., ABITIBIBOWATER INC, ABITIBIBOWATER INC, sells The TorontoDominion Bank, ACE Ltd., St. Jude Medical Inc., CNX Gas Corp., The First American Corp., Comstock Resources Inc., Aspen Insurance Holdings Ltd., Investment Technology Group Inc., Willbros Group Inc., PAREXEL International Corp., American Financial Realty Trust, A.S.V. Inc., Stewart Information Services Corp., Tompkins Financial Corp., CapLease Inc., Mercer International Inc., Quadra Realty Trust Inc., Greenlight Capital Re Ltd., Haynes International Inc. during the 3-months ended 03/31/2008, according to the most recent filings of his investment company, Third Avenue Management. Third Avenue Management owns 173 stocks with a total value of $10.5 billion. These are the details of the buys and sells.
New Purchases: ABH, AZ, CPHL, CRMH, EEV, FXP, GWR, HKN, JJA, PZN, REIS, ABH,
Added Positions: ABK, ADS, BAM, BIP, BRNC, CCRN, CIT, CUZ, EFII, EGP, FCE-A, FFCO, IMN, IRS, KSWS, LM, LPX, MBI, MTN, PATR, PKX, SCMR, SM, TGIC, TLAB, UMC, USG, WIRE, WLK,
Reduced Positions: ACGL, ALEX, GLNG, IM, ISBC, JAKK, KPPC, LMC, MDC, MTG, PFE, PLD, PPDI, RCKB, SHLD, WLL, XEC, LF, ALCO, ALEX, GSIG, MDC,
Sold Out: ACE, AFR, AHL, ASVI, CRK, CXG, FAF, GLRE, HAYN, ITG, LSE, MERC, PRXL, QRR, STC, STJ, TD, TMP, WG,
For the details of Third Avenue Management's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Third+Avenue+Management
