Third Avenue Management’s Valmont Industries VMI Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2017 Q4	–	Sell	-1,799	Closed	-$285K	–	101
2017 Q3	$285K	Sell	1,799 -183	-9%	-$27.6K	0.01%	107
2017 Q2	$297K	Sell	1,982 -175	-8%	-$26.3K	0.01%	113
2017 Q1	$335K	Buy	2,157 +458	+27%	+$67.6K	0.02%	109
2016 Q4	$239K	Sell	1,699 -670	-28%	-$93K	0.01%	111
2016 Q3	$319K	Sell	2,369 -1,306	-36%	-$172K	0.01%	106
2016 Q2	$497K	Sell	3,675 -4,580	-55%	-$606K	0.02%	108
2016 Q1	$1.02M	Sell	8,255 -234	-3%	-$26K	0.04%	106
2015 Q4	$900K	Sell	8,489 -6,422	-43%	-$696K	0.03%	101
2015 Q3	$1.42M	Sell	14,911 -2,522	-14%	-$276K	0.04%	113
2015 Q2	$2.07M	Sell	17,433 -186,649	-91%	-$23M	0.05%	107
2015 Q1	$25.1M	Buy	204,082 +22,099	+12%	+$2.71M	0.63%	37
2014 Q4	$23.1M	Buy	+181,983	New	+$24.3M	0.58%	39