Marty Whitman’s Third Avenue Management returned 12.60% in the first quarter of 2019, according to its recently published investor letter (download it here). This means that the fund slightly underperformed its benchmark, MSCI World Index, which posted gains of 12.65% in the same quarter. Aside from its quarterly performance, the fund also posted comments on several stocks in its portfolio, including a new addition – Mohawk Industries, Inc. (NYSE:MHK).
