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TAM

Third Avenue Management Portfolio holdings

AUM $616M
1-Year Est. Return 45.6%
This Fund
S&P 500
This Quarter Est. Return
+7.09%
1 Year Est. Return
+45.6%
3 Year Est. Return
+111.18%
5 Year Est. Return
+162.64%
10 Year Est. Return
+374.2%
AUM
$5.17B
AUM Growth
+$75.1M
Cap. Flow
-$252M
Cap. Flow %
-4.88%
Top 10 Hldgs %
35.08%
Holding
169
New
24
Increased
45
Reduced
52
Closed
6

Top Buys

Rank Stock Value
1
CVCO icon
Cavco Industries
CVCO
+$102M
2
SKT icon
Tanger
SKT
+$45.7M
3
HT
Hersha Hospitality Trust Priority Class A Common Shares of Beneficial Interest
HT
+$35.5M
4
BKD icon
Brookdale Senior Living
BKD
+$27.1M
5
AXLL
AXIALL CORP COM STK (DE)
AXLL
+$21.5M

Top Sells

Rank Stock Value
1
AMAT icon
Applied Materials
AMAT
+$132M
2
KEY icon
KeyCorp
KEY
+$93.4M
3
FCE.A
Forest City Realty Trust, Inc.
FCE.A
+$61.5M
4
HAR
Harman International Industries
HAR
+$41.2M
5
BNY
Bank of New York Mellon
BNY
+$40M

Sector Composition

Rank Sector Weight
1 Financials 25.42%
2 Real Estate 14.22%
3 Industrials 12.5%
4 Materials 10.24%
5 Energy 9.55%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SEMG
26
DELISTED
SEMGROUP CORPORATION
SEMG
$51.4M 0.99%
901,971
– –
HCC
27
DELISTED
HCC INSURANCES HOLDINGS INC
HCC
$51.4M 0.99%
1,173,376
+5,250
+0.4% +$231K
TPGI
28
DELISTED
THOMAS PROPERTIES GROUP INC
TPGI
$51.3M 0.99%
7,638,779
+3,700
+0% +$21.4K
NVDA icon
29
NVIDIA
NVDA
$5.09T
$50.8M 0.98%
130,485,320
-127,320
-0.1% -$47.3K
EME icon
30
Emcor
EME
$33.5B
$47.6M 0.92%
1,215,455
+158,580
+15% +$6.43M
GEN icon
31
Gen Digital
GEN
$15.6B
$47.3M 0.92%
1,912,330
+40,000
+2% +$1M
ICFI icon
32
ICF International
ICFI
$1.45B
$47.3M 0.91%
1,335,820
-122,079
-8% -$4.11M
PRGS icon
33
Progress Software
PRGS
$1.55B
$46.5M 0.9%
1,795,337
+75,800
+4% +$1.9M
TFX icon
34
Teleflex
TFX
$5.86B
$45.9M 0.89%
557,733
+71,565
+15% +$5.62M
SKT icon
35
Tanger
SKT
$4.8B
$45.5M 0.88%
+1,394,811
New +$45.7M
AXLL
36
DELISTED
AXIALL CORP COM STK (DE)
AXLL
$45.1M 0.87%
1,193,189
+514,417
+76% +$21.5M
UNF icon
37
Unifirst Corp
UNF
$5.32B
$44.7M 0.87%
428,325
– –
BKD icon
38
Brookdale Senior Living
BKD
$3.63B
$43.3M 0.84%
1,646,138
+987,272
+150% +$27.1M
ACGL icon
39
Arch Capital
ACGL
$35.8B
$42.1M 0.81%
2,333,145
– –
CMP icon
40
Compass Minerals
CMP
$1.25B
$41.9M 0.81%
549,128
+55,128
+11% +$4.37M
SXT icon
41
Sensient Technologies
SXT
$5.37B
$41.7M 0.81%
869,882
+10,000
+1% +$437K
EFII
42
DELISTED
Electronics for Imaging
EFII
$41.4M 0.8%
1,307,114
-220,036
-14% -$6.65M
KMT icon
43
Kennametal
KMT
$2.7B
$38.8M 0.75%
851,218
-273,360
-24% -$11.9M
RSTI
44
DELISTED
Rofin-Sinar Technologies Inc
RSTI
$38.3M 0.74%
1,583,882
+160,491
+11% +$3.81M
LXU icon
45
LSB Industries
LXU
$876M
$37.6M 0.73%
1,456,881
+260
+0% +$6.46K
HT
46
DELISTED
Hersha Hospitality Trust Priority Class A Common Shares of Beneficial Interest
HT
$35.4M 0.69%
+1,583,792
New +$35.5M
KALU icon
47
Kaiser Aluminum
KALU
$2.73B
$33.4M 0.65%
469,302
+35,000
+8% +$2.36M
KGC icon
48
Kinross Gold
KGC
$28.6B
$33.2M 0.64%
6,568,998
+405,044
+7% +$2.14M
TTEK icon
49
Tetra Tech
TTEK
$8.23B
$33.2M 0.64%
6,404,305
+1,768,315
+38% +$8.48M
PPS
50
DELISTED
Post Properties
PPS
$31.3M 0.61%
695,236
+272,502
+64% +$12.8M
1
2
3 4 5

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ACP
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Third Avenue Management's Q3 2013 Portfolio in Review

As of Q3 2013, Third Avenue Management held 169 positions worth $5.17B, up 1.5% from $5.1B the previous quarter. Its ten largest holdings account for 35% of the portfolio.

Third Avenue Management withdrew a net $252M in Q3 2013, closing 6 positions and reducing 52 holdings. Its most notable exit was Applied Materials, an estimated $132M position sold in full.

By sector, the portfolio is most concentrated in Financials at 25% of assets, down from 28% a quarter earlier, followed by Real Estate and Industrials.

Against the trend, Third Avenue Management opened a new position in Tanger worth $45.5M.

  • Third Avenue Management's largest Q3 2013 buy was Tanger: 1,394,811 shares worth $45.5M.
  • Third Avenue Management added most to Cavco Industries in Q3 2013, an estimated $102M increase.
  • Third Avenue Management's biggest Q3 2013 reduction was KeyCorp, cutting an estimated $93.4M.
  • Third Avenue Management fully exited Applied Materials in Q3 2013, selling an estimated $132M.
  • Third Avenue Management's ten largest holdings make up 35% of its $5.17B portfolio in Q3 2013.
  • Third Avenue Management opened 24 new positions and closed 6 in Q3 2013.
  • Third Avenue Management's portfolio value rose 1.5% quarter-over-quarter to $5.17B.

Based on Third Avenue Management's 13F filing for Q3 2013, filed 14 Nov 2013.