In a recent 13F filing with the SEC, which reflects portfolio changes as of June 30, 2026, Third Avenue Management disclosed a reduction in its investment in Warrior Met Coal. The firm sold a portion of its shares, decreasing its ownership by 21.59% to 285,400 shares. This transaction is based on a delayed quarterly disclosure and does not represent a real-time trade.
Despite the sale, Warrior Met Coal reported strong performance for the second quarter of 2026, with record sales volumes and a significant increase in net income, largely driven by its new Blue Creek mine. Third Avenue had previously commented positively on the Blue Creek project's potential to boost production and cash flow. The firm has not publicly commented on the specific reasons for this partial reduction in its holding.