Third Avenue Value Fund Buys Buzzi Unicem SpA, Warrior Met Coal Inc, Hutchison Port Holdings Trust, Sells Cavco Industries Inc, Toyota Industries Corp, Henderson Land Development Co

• New Purchases: BZU, NS8U, DBK, HA, 01114, FPH,
• Added Positions: HCC, BMW, LEN.B, LUN, BOKA, FCE.A, 01113, IFP, 00001, BDRILL,
• Reduced Positions: FP, TRC, BK, PARG, INVE B, BAM.A, PGS,
• Sold Out: CVCO, 6201, 00012, KEY, ARCO, GCC, ATRS, NEX, CFEB, STBP3,

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

1. Warrior Met Coal Inc (HCC) - 2,196,713 shares, 5.86% of the total portfolio. Shares added by 91.52%
2. CK Hutchison Holdings Ltd (00001) - 5,000,859 shares, 5.61% of the total portfolio. Shares added by 3.02%
3. Weyerhaeuser Co (WY) - 1,560,737 shares, 5.5% of the total portfolio.
4. Tidewater Inc (TDW) - 1,497,179 shares, 5.3% of the total portfolio.
5. Brookfield Asset Management Inc (BAM.A) - 1,056,231 shares, 4.59% of the total portfolio. Shares reduced by 7.53%

Third Avenue Value Fund initiated holding in Buzzi Unicem SpA. The purchase prices were between $18.91 and $22.64, with an estimated average price of $21. The stock is now traded at around $18.55. The impact to a portfolio due to this purchase was 2.89%. The holding were 1,276,478 shares as of 2018-07-31.

Third Avenue Value Fund initiated holding in Hutchison Port Holdings Trust. The purchase prices were between $0.26 and $0.35, with an estimated average price of $0.3. The stock is now traded at around $0.25. The impact to a portfolio due to this purchase was 2.35%. The holding were 89,278,927 shares as of 2018-07-31.

Third Avenue Value Fund initiated holding in Deutsche Bank AG. The purchase prices were between $9.05 and $11.64, with an estimated average price of $10.19. The stock is now traded at around $10.21. The impact to a portfolio due to this purchase was 2.21%. The holding were 1,639,088 shares as of 2018-07-31.

Third Avenue Value Fund initiated holding in Hawaiian Holdings Inc. The purchase prices were between $35.95 and $40.9, with an estimated average price of $37.75. The stock is now traded at around $40.10. The impact to a portfolio due to this purchase was 1.9%. The holding were 459,120 shares as of 2018-07-31.

Third Avenue Value Fund initiated holding in Brilliance China Automotive Holdings Ltd. The purchase prices were between $10.14 and $15.72, with an estimated average price of $13.73. The stock is now traded at around $12.66. The impact to a portfolio due to this purchase was 1.86%. The holding were 13,755,903 shares as of 2018-07-31.

Third Avenue Value Fund initiated holding in Five Point Holdings LLC. The purchase prices were between $10.62 and $13.34, with an estimated average price of $11.75. The stock is now traded at around $9.41. The impact to a portfolio due to this purchase was 0.22%. The holding were 190,610 shares as of 2018-07-31.

Third Avenue Value Fund added to a holding in Warrior Met Coal Inc by 91.52%. The purchase prices were between $24 and $30.27, with an estimated average price of $26.93. The stock is now traded at around $27.03. The impact to a portfolio due to this purchase was 2.8%. The holding were 2,196,713 shares as of 2018-07-31.

Third Avenue Value Fund added to a holding in Bayerische Motoren Werke AG by 80.23%. The purchase prices were between $77.56 and $93.3, with an estimated average price of $84.7. The stock is now traded at around $79.00. The impact to a portfolio due to this purchase was 1.86%. The holding were 418,411 shares as of 2018-07-31.

Third Avenue Value Fund added to a holding in Lennar Corp by 143.46%. The purchase prices were between $40.21 and $45.36, with an estimated average price of $42.74. The stock is now traded at around $38.56. The impact to a portfolio due to this purchase was 1.39%. The holding were 530,354 shares as of 2018-07-31.

Third Avenue Value Fund added to a holding in Lundin Mining Corp by 25.89%. The purchase prices were between $7.02 and $8.9, with an estimated average price of $7.95. The stock is now traded at around $6.56. The impact to a portfolio due to this purchase was 0.83%. The holding were 7,094,698 shares as of 2018-07-31.

Third Avenue Value Fund sold out a holding in Cavco Industries Inc. The sale prices were between $168.75 and $224.9, with an estimated average price of $201.87.

Third Avenue Value Fund sold out a holding in Toyota Industries Corp. The sale prices were between $52.35 and $61.57, with an estimated average price of $57.15.

Third Avenue Value Fund sold out a holding in Henderson Land Development Co Ltd. The sale prices were between $5.32 and $6.55, with an estimated average price of $5.85.

Third Avenue Value Fund sold out a holding in KeyCorp. The sale prices were between $19.2 and $21.27, with an estimated average price of $20.21.

Third Avenue Value Fund sold out a holding in Arcos Dorados Holdings Inc. The sale prices were between $6.8 and $9.1, with an estimated average price of $7.4.

Third Avenue Value Fund sold out a holding in Grupo Cementos de Chihuahua SAB de CV. The sale prices were between $5.34 and $6.5, with an estimated average price of $5.52.

Third Avenue Value Fund reduced to a holding in Total S.A. by 37.98%. The sale prices were between $50.76 and $55.15, with an estimated average price of $52.77. The stock is now traded at around $56.02. The impact to a portfolio due to this sale was -1.96%. Third Avenue Value Fund still held 506,917 shares as of 2018-07-31.

Third Avenue Value Fund reduced to a holding in Tejon Ranch Co by 58.71%. The sale prices were between $23.28 and $25.89, with an estimated average price of $24.8. The stock is now traded at around $21.68. The impact to a portfolio due to this sale was -1.94%. Third Avenue Value Fund still held 559,385 shares as of 2018-07-31.

Third Avenue Value Fund reduced to a holding in Bank of New York Mellon Corp by 40.19%. The sale prices were between $52.46 and $57.72, with an estimated average price of $55.44. The stock is now traded at around $50.99. The impact to a portfolio due to this sale was -1.91%. Third Avenue Value Fund still held 518,848 shares as of 2018-07-31.

Third Avenue Value Fund reduced to a holding in Pargesa Holding SA by 43.87%. The sale prices were between $82 and $94.05, with an estimated average price of $87.24. The stock is now traded at around $78.05. The impact to a portfolio due to this sale was -1.14%. Third Avenue Value Fund still held 154,962 shares as of 2018-07-31.