Third Avenue Management’s Loews L Stock Holding History

Third Avenue Management’s Portfolio L Stock Details L Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2016 Q1	–	Sell	-701,723	Closed	-$26.9M	–	115
2015 Q4	$26.9M	Sell	701,723 -509,627	-42%	-$19M	0.87%	31
2015 Q3	$43.8M	Sell	1,211,350 -38,937	-3%	-$1.46M	1.19%	32
2015 Q2	$48.1M	Sell	1,250,287 -23,158	-2%	-$942K	1.21%	32
2015 Q1	$52M	Buy	1,273,445 +118,046	+10%	+$4.78M	1.3%	33
2014 Q4	$48.5M	Buy	1,155,399 +97,000	+9%	+$4.06M	1.22%	34
2014 Q3	$44.1M	Buy	+1,058,399	New	+$45.5M	0.93%	30

Other funds holding L

T. Rowe Price Associates Baltimore, Maryland $865B AUM 30.76% 1-Year Est. Return

JP Morgan Chase New York $1.56T AUM 27.86% 1-Year Est. Return

Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return

Norges Bank Oslo, Norway $935B AUM

State Street Boston, Massachusetts $2.9T AUM 29.55% 1-Year Est. Return

BIT

BlackRock Institutional Trust San Francisco, California $675B AUM 16.07% 1-Year Est. Return

Principal Financial Group Des Moines, Iowa $187B AUM 18.48% 1-Year Est. Return

DSA

Davis Selected Advisers Tucson, Arizona $21.8B AUM 23.45% 1-Year Est. Return

Boston Partners Boston, Massachusetts $95.5B AUM 28.4% 1-Year Est. Return

Diamond Hill Capital Management Columbus, Ohio $16B AUM 4.15% 1-Year Est. Return

Third Avenue Management's L Position: Q1 2016 in Review

Third Avenue Management sold out of Loews (L) in Q1 2016, closing a stake of 701,723 shares — an estimated $26.9M sold.

Third Avenue Management first reported a position in L in Q3 2014 and held it in 6 quarters. The position peaked at $52M in Q1 2015. 421 funds tracked by Wall St. Rank hold L as of Q1 2016.

Third Avenue Management reported no remaining Loews position as of Q1 2016 after selling out during the quarter.
Third Avenue Management sold 701,723 Loews shares in Q1 2016, an estimated $26.9M.
Third Avenue Management first reported a position in Loews in Q3 2014 and held it in 6 quarters.
Third Avenue Management's Loews position peaked at $52M in Q1 2015.
421 funds tracked by Wall St. Rank held Loews as of Q1 2016.

Based on Third Avenue Management's 13F filing for Q1 2016, filed 12 May 2016.