Third Avenue Management's Strategic Moves: Deutsche Bank AG Takes Center Stage
Third Avenue Management's recent 13F filing for Q4 2025 reveals significant investment shifts, including the most notable new buy being Deutsche Bank AG (NYSE:DB). The firm also increased stakes in 20 stocks, prominently Boise Cascade Co (NYSE:BCC), while exiting three holdings entirely, such as Comerica Inc (NYSE:CMA), and reducing positions in 13 others. The portfolio remains diverse, concentrated in Real Estate, Financial Services, and Basic Materials sectors, reflecting their deep value and distressed investing approach.
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