Top 5 Stock Picks of Martin Whitman’s Third Avenue Management

1. Five Point Holdings, LLC (NYSE:FPH)

Third Avenue Management’s Stake Value: $53.462 million

Number of hedge fund holders: 31

Consisting of  7.28% of the firm’s total portfolio, Five Point Holdings, LLC (NYSE:FPH) is the top stock pick of Martin Whitman’s Third Avenue Management. Five Point Holdings, LLC (NYSE:FPH) is engaged in the ownership and development of mixed use development communities in the state of California.

Despite being the top stock pick of Martin Whitman’s Third Avenue Management, 2022 has not been very kind to Five Point Holdings, LLC (NYSE:FPH) which recently announced that it was laying off 20% of its total workforce while posting a $37 million loss. In fact, the recent years have seen Five Point Holdings, LLC (NYSE:FPH) fail to make a profit, which has resulted in its share price declining by 34% over the past 3 years. However, whether this means that Five Point Holdings, LLC (NYSE:FPH)  is undervalued or underperforming remains to be seen, and maybe Third Avenue Management has sight of something that the wider market has failed to grasp.

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