Martin Whitman

Martin Whitman

Last Update: 07-06-2018
Related: Third Avenue Management

Number of Stocks: 37
Number of New Stocks: 10

Total Value: $996 Mil
Q/Q Turnover: 25%

Countries: USA
Details: Top Buys | Top Sales | Top Holdings  Embed:

Martin Whitman' s Profile & Performance

Profile

Martin Whitman is Founder and Portfolio Manager of the Third Avenue Value Fund (TAVFX). Whitman is a 1949 graduate of Syracuse University, which recently renamed its School of Management after Whitman, after a large gift from him in June 2003. He is an adjunct faculty member at Yale School of Management.

Web Page:http://www.thirdavenuefunds.com/

Investing Philosophy

Whitman is a "buy and hold" value investor. He buys stock in companies when he thinks that the company has strong finances, competent management, and the business is understandable. Also the company's stock must be cheap, meaning it trades at a significant discount to intrinsic value. The market price must lie substantially below a conservative valuation of the business as a private entity, or as a takeover candidate. He generally sells an investment only when there has been a fundamental change in the business or capital structure of the company that significantly affects the investment's inherent value, or when he believes that the market value of an investment is overpriced relative to its intrinsic value

Historical Allocation of Stock, Bonds, Cash

Total Holding History

Performance of Third Avenue Value Fund

YearReturn (%)S&P500 (%)Excess Gain (%)
201714.1521.71-7.6
201613.3911.991.4
2015-8.371.24-9.6
3-Year Cumulative18.6 (5.9%/year)38 (11.3%/year)-19.4 (-5.4%/year)
20144.8813.47-8.6
201318.8432.3-13.5
5-Year Cumulative47.8 (8.1%/year)107.2 (15.7%/year)-59.4 (-7.6%/year)
201227.4815.9911.5
2011-20.681.9-22.6
201013.8715.05-1.2
200944.5126.3518.2
2008-45.61-36.79-8.8
10-Year Cumulative33.8 (3%/year)125 (8.4%/year)-91.2 (-5.4%/year)
20075.765.140.6
200614.6915.85-1.2
200516.494.8311.7
200426.6210.715.9
200310.4628.19-17.7
15-Year Cumulative164.4 (6.7%/year)307.7 (9.8%/year)-143.3 (-3.1%/year)
20027.13-21.5828.7
200110.82-11.7622.6
20000.91-9.7510.7
199910.0620.4-10.3
199816.7228.7-12.0
20-Year Cumulative306.9 (7.3%/year)294.5 (7.1%/year)12.4 (0.2%/year)
1997-5.0333.47-38.5
199611.0222.49-11.5
19952.3638.04-35.7
1994-3.220.4-3.6
19931.3610.08-8.7
25-Year Cumulative330.8 (6%/year)883.9 (9.6%/year)-553.1 (-3.6%/year)
199210.887.623.3
1991-0.2630.47-30.7

Top Ranked Articles

Mr. Valuation Plans for 2018: A New Year, a New and Better Approach A year-long series elaborating on sound value investing principles
Introduction Read more...
Third Avenue Bets on Stocks of Companies Tied to Lumber, Energy and Coal Tidewater Inc., which provides offshore service vessels to the global energy industry, emerged from bankruptcy last summer after a major restructuring
The private investment management firm established more than three decades ago by guru investor Martin Whitman (Trades, Portfolio), has added three new stocks to its $966 million Third Avenue Value Fund portfolio. Read more...
Learning From the Great Marty Whitman Pt. 2 More investment advice from one of the best value investors to have ever lived
Third Avenue Management Value Fund Adds 7 New Positions in 1st Quarter Martin Whitman's firm announces portfolio
Value investors at Third Avenue Management (Trades, Portfolio), a firm undergoing a number of changes, reported on Monday that it added seven stocks to its famed Third Avenue Value Fund in the first quarter. Read more...
Third Avenue Value Fund’s Top 5 Buys Fund releases 2nd-quarter portfolio
The Third Avenue Value Fund, part of the investment firm founded by the late Martin Whitman (Trades, Portfolio), disclosed it established 10 new positions in the second quarter. Read more...
» More Martin Whitman Articles

Commentaries and Stories

  • Currently 5.00/5

Rating: 5.0/5 (1 vote)

Third Avenue Value Fund’s Top 5 Buys Fund releases 2nd-quarter portfolio Martin Whitman - Third Avenue Value Fund’s Top 5 Buys
The Third Avenue Value Fund, part of the investment firm founded by the late Martin Whitman (Trades, Portfolio), disclosed it established 10 new positions in the second quarter. More...

THIRD AVENUE, MARTIN WHITMAN, BUYS, 2Q


  • Currently 5.00/5

Rating: 5.0/5 (2 votes)

Learning From the Great Marty Whitman Pt. 2 More investment advice from one of the best value investors to have ever lived Martin Whitman - Learning From The Great Marty Whitman Pt. 2
(Continued from "Learning From the Great Marty Whitman Pt. 1") More...

VALUE, VALUE INVESTING, MARTIN WHITMAN, MARTY WHITMAN


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Learning From the Great Marty Whitman Pt. 1 Some investment advice from one of the best value investors to have ever lived Martin Whitman - Learning From The Great Marty Whitman Pt. 1
This week Martin J. Whitman, one of the most revered investors in value circles, passed away. He left behind a legacy in the form of Third Avenue Management (Trades, Portfolio), a value-focused investment manager. More...

VALUE, VALUE INVESTING, MARTIN WHITMAN, MARTY WHITMAN


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Third Avenue Value Fund Exits Cerner, Trims Bank of New York Mellon Fund's largest sales of the 1st quarter Martin Whitman - Third Avenue Value Fund Exits Cerner, Trims Bank Of New York Mellon
Martin Whitman (Trades, Portfolio)'s Third Avenue Value Fund sold shares of the following stocks during the first quarter. More...

  • Currently 4.00/5

Rating: 4.0/5 (1 vote)

Third Avenue Management's Largest Buys of the 1st Quarter Lundin Mining, CK Assets top the list Third Avenue Management,Martin Whitman - Third Avenue Management's Largest Buys Of The 1st Quarter
Martin Whitman's Third Avenue Value Fund (TAVFX) increased many holdings and established many several positions in the first quarter. More...

  • Currently 4.50/5

Rating: 4.5/5 (2 votes)

Third Avenue Management Value Fund Adds 7 New Positions in 1st Quarter Martin Whitman's firm announces portfolio Martin Whitman - Third Avenue Management Value Fund Adds 7 New Positions In 1st Quarter
Value investors at Third Avenue Management (Trades, Portfolio), a firm undergoing a number of changes, reported on Monday that it added seven stocks to its famed Third Avenue Value Fund in the first quarter. More...

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Third Avenue Exits Cerner, Reduces Anixter, Bank of New York Mellon Firm's largest sales of the 4th quarter Third Avenue Management, Martin Whitman - Third Avenue Exits Cerner, Reduces Anixter, Bank Of New York Mellon
Third Avenue Management (Trades, Portfolio) was founded in 1986. The firm sold shares of the following stocks in the fourth quarter. More...

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Third Avenue Management Hitches Up With U-Haul Parent Amerco in 4th Quarter Firm announces three new buys in latest quarterly report Third Avenue Management, Martin Whitman - Third Avenue Management Hitches Up With U-Haul Parent Amerco In 4th Quarter
Third Avenue Management (Trades, Portfolio), founded by legendary value investor Martin Whitman (Trades, Portfolio), announced Wednesday it established three new positions during the quarter ended Dec. 31: Amerco Inc. (NASDAQ:UHAL), Warrior Met Coal Inc. (NYSE:HCC) and Aspen Insurance Holdings Ltd. (NYSE:AHL). More...

THIRD AVENUE MANAGEMENT, MARTIN WHITMAN


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Rating: 5.0/5 (3 votes)

Invest in Walgreens or CVS Speculate on Rite Aid Martin Whitman - Invest In Walgreens Or CVS
Introduction More...

VALUATION,INTRINSIC VALUE,DIVIDEND GROWTH,FASTGRAPHS,STOCK RESEARCH TOOL,LONG,HEALTHCARE


  • Currently 4.83/5

Rating: 4.8/5 (6 votes)

Mr. Valuation Plans for 2018: A New Year, a New and Better Approach A year-long series elaborating on sound value investing principles Warren Buffett, Martin Whitman - Mr. Valuation Plans For 2018: A New Year, A New And Better Approach
Introduction More...

BUFFETT,EARNINGS,FASTGRAPHS,DIVIDENDS,TRUE VALUE,RETIREMENT,LONG


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Third Avenue Exits Ralph Lauren, Buys Tidewater in 4th Quarter Some of the fund's largest trades Martin Whitman - Third Avenue Exits Ralph Lauren, Buys Tidewater In 4th Quarter
Third Avenue Management was founded by Martin Whitman (TradesPortfolio) in 1986. During the fourth quarter, the Third Avenue Value Fund traded the following stocks. More...

  • Currently 5.00/5

Rating: 5.0/5 (2 votes)

Third Avenue Bets on Stocks of Companies Tied to Lumber, Energy and Coal Tidewater Inc., which provides offshore service vessels to the global energy industry, emerged from bankruptcy last summer after a major restructuring Martin Whitman - Third Avenue Bets On Stocks Of Companies Tied To Lumber, Energy And Coal
The private investment management firm established more than three decades ago by guru investor Martin Whitman (Trades, Portfolio), has added three new stocks to its $966 million Third Avenue Value Fund portfolio. More...

  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

Third Avenue Sells Brookdale, Reduces Ralph Lauren, Comerica Holdings The firm's largest 3rd-quarter sales Third Avenue Management, Martin Whitman - Third Avenue Sells Brookdale, Reduces Ralph Lauren, Comerica Holdings
Martin Whitman (Trades, Portfolio)'s Third Avenue Management (Trades, Portfolio), an investment firm that manages mutual funds, separate accounts and hedge funds, reduced or exited its positions in the following companies in the third quarter: More...

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Third Avenue Buys Kimco, Tidewater, Adds to Several Other Positions The firm’s 7 largest buys of the 3rd quarter Third Avenue Management, Martin Whitman - Third Avenue Buys Kimco, Tidewater, Adds To Several Other Positions
Founded by Martin Whitman (Trades, Portfolio), Third Avenue Management (Trades, Portfolio) manages a portfolio of 111 stocks. During the third quarter, the firm bought the following stocks: More...

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Martin Whitman Reduces Masco and 2 Regional Banks Largest sales of the 3rd quarter Martin Whitman,Jim Simons,Third Avenue Managrement - Martin Whitman Reduces Masco And 2 Regional Banks
Third Avenue Value Fund (TAVFX) was founded by Martin Whitman (Trades, Portfolio) in 1986. He manages a portfolio of $1.055 billion and the following are the largest sales of the third quarter: More...

MARTIN WHITMAN, THIRD QUARTER, Q32017


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Third Avenue Value Fund Buys Reliance Steel & Aluminum Marty Whitman's firm updates with third-quarter portfolio Martin Whitman - Third Avenue Value Fund Buys Reliance Steel & Aluminum
Matthew Fine and Michael Fineman, lead portfolio managers of the Third Avenue Value Fund at Third Avenue Management (Trades, Portfolio), added one new stock from their “bull pen” list to his portfolio in the second quarter, they revealed Friday. More...

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Third Avenue Comments on WesBanco Bank Guru stock highlight
WesBanco Bank (NASDAQ:WSBC) More...

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Third Avenue Comments on PDC Energy Guru stock highlight
PDC Energy (NASDAQ:PDCE) More...

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Third Avenue Comments on Haynes International Guru stock highlight
Haynes International (NASDAQ:HAYN) More...

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Third Avenue Comments on Finisar Corp Guru stock highlight
Finisar Corporation (NASDAQ:FNSR) More...

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