TAM

Third Avenue Management Portfolio holdings

AUM $625M Turnover 10.53%
1-Year Est. Return 48.93%
This Fund
S&P 500
This Quarter Est. Return
-4.94%
1 Year Est. Return
+48.93%
3 Year Est. Return
+112.7%
5 Year Est. Return
+169.82%
10 Year Est. Return
+390.58%
AUM
$4.77B
AUM Growth
-$418M
Cap. Flow
-$136M
Cap. Flow %
-2.86%
Top 10 Hldgs %
31.69%
Holding
167
New
16
Increased
33
Reduced
47
Closed
21
Avg Time Held
0.9 years
Top 10 Avg Time Held
1 year
Top 20 Avg Time Held
0.9 years

Top Buys

Rank Stock Value
1
ZION icon
Zions Bancorporation
ZION
+$63.4M
2
SFR
Starwood Waypoint Homes
SFR
+$63.1M
3
HOUS icon
Anywhere Real Estate
HOUS
+$47.5M
4
L icon
Loews
L
+$45.5M
5
PARA icon
Paramount Global Class B
PARA
+$40.8M

Top Sells

Rank Stock Value
1
INTC icon
Intel
INTC
+$99.8M
2
OVV icon
Ovintiv
OVV
+$64.8M
3
MTX icon
Minerals Technologies
MTX
+$33.4M
4
PKX icon
POSCO
PKX
+$31.4M
5
EFII
Electronics for Imaging
EFII
+$29.9M

Sector Composition

Rank Sector Weight
1 Financials 24.36%
2 Real Estate 22.05%
3 Industrials 12.02%
4 Technology 8.46%
5 Consumer Discretionary 7.25%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow Held Since
SFR
26
DELISTED
Starwood Waypoint Homes
SFR
$61.5M 1.29%
+2,364,876
New +$63.1M
2014 Q3
0 quarters
HOUS icon
27
DELISTED
Anywhere Real Estate
HOUS
$60.3M 1.27%
1,621,518
+1,213,284
+297% +$47.5M
2014 Q2
1 quarter
NVDA icon
28
NVIDIA
NVDA
$5.34T
$54.9M 1.15%
119,096,600
-18,092,120
-13% -$8.52M
2013 Q2
5 quarters
HCC icon
29
DELISTED
HCC INSURANCES HOLDINGS INC
HCC
$50.7M 1.06%
1,048,935
– –
2013 Q2
5 quarters
L icon
30
Loews
L
$22.3B
$44.1M 0.93%
+1,058,399
New +$45.5M
2014 Q3
0 quarters
PNC.WS icon
31
DELISTED
PNC Financial Services Group Inc
PNC.WS
$40.3M 0.85%
1,772,450
+489,200
+38% +$11.6M
2013 Q2
5 quarters
SYNT
32
DELISTED
Syntel Inc
SYNT
$40M 0.84%
910,340
– –
2013 Q2
5 quarters
HT
33
DELISTED
Hersha Hospitality Trust Priority Class A Common Shares of Beneficial Interest
HT
$40M 0.84%
1,569,238
+980
+0.1% +$26.3K
2013 Q3
4 quarters
PRGS icon
34
Progress Software
PRGS
$1.58B
$39.5M 0.83%
1,650,889
– –
2013 Q2
5 quarters
PARA icon
35
DELISTED
Paramount Global Class B
PARA
$37.1M 0.78%
+693,100
New +$40.8M
2014 Q3
0 quarters
UNF icon
36
Unifirst Corp
UNF
$4.67B
$36.5M 0.77%
377,668
+16,717
+5% +$1.66M
2013 Q2
5 quarters
TGT icon
37
Target
TGT
$70.6B
$35.1M 0.74%
+560,468
New +$34M
2014 Q3
0 quarters
LM
38
DELISTED
Legg Mason, Inc.
LM
$34.4M 0.72%
672,688
– –
2013 Q4
3 quarters
WKC icon
39
World Kinect Corp
WKC
$1.88B
$32.6M 0.68%
815,488
-10,000
-1% -$447K
2013 Q4
3 quarters
FCN icon
40
FTI Consulting
FCN
$3.87B
$31.7M 0.66%
905,782
– –
2013 Q3
4 quarters
G icon
41
Genpact
G
$5.91B
$31.6M 0.66%
1,934,499
– –
2014 Q1
2 quarters
RSTI
42
DELISTED
Rofin-Sinar Technologies Inc
RSTI
$31.3M 0.66%
1,357,766
-341,396
-20% -$7.88M
2013 Q2
5 quarters
CKH
43
DELISTED
Seacor Holdings Inc.
CKH
$31M 0.65%
428,638
-47,198
-10% -$3.62M
2013 Q2
5 quarters
TTEK icon
44
Tetra Tech
TTEK
$8.61B
$30.9M 0.65%
6,191,255
– –
2013 Q2
5 quarters
EME icon
45
Emcor
EME
$32.9B
$30.9M 0.65%
773,946
-40,490
-5% -$1.74M
2013 Q2
5 quarters
PB icon
46
Prosperity Bancshares
PB
$8.02B
$30.4M 0.64%
532,553
– –
2014 Q1
2 quarters
LXU icon
47
LSB Industries
LXU
$727M
$30.1M 0.63%
1,096,739
– –
2013 Q2
5 quarters
CSGS icon
48
DELISTED
CSG Systems International
CSGS
$29.7M 0.62%
1,130,753
– –
2013 Q4
3 quarters
SXC icon
49
SunCoke Energy
SXC
$860M
$29.5M 0.62%
1,314,216
– –
2013 Q4
3 quarters
ENS icon
50
EnerSys
ENS
$6.26B
$29.3M 0.61%
499,585
– –
2013 Q2
5 quarters
1
2
3 4 5

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Third Avenue Management's Q3 2014 Portfolio in Review

As of Q3 2014, Third Avenue Management held 167 positions worth $4.77B, down 8.1% from $5.18B the previous quarter. Its ten largest holdings account for 32% of the portfolio.

Third Avenue Management's Q3 2014 filing shows 16 new, 33 increased, 47 reduced and 21 closed positions. Its largest new stake was Zions Bancorporation: 2,185,403 shares worth $63.5M. The largest sale was Intel, an estimated $99.8M.

By sector, the portfolio is most concentrated in Financials at 24% of assets, up from 23% a quarter earlier, followed by Real Estate and Industrials.

  • Third Avenue Management's largest Q3 2014 buy was Zions Bancorporation: 2,185,403 shares worth $63.5M.
  • Third Avenue Management added most to Anywhere Real Estate in Q3 2014, an estimated $47.5M increase.
  • Third Avenue Management's biggest Q3 2014 reduction was Ovintiv, cutting an estimated $64.8M.
  • Third Avenue Management fully exited Intel in Q3 2014, selling an estimated $99.8M.
  • Third Avenue Management's ten largest holdings make up 32% of its $4.77B portfolio in Q3 2014.
  • Third Avenue Management opened 16 new positions and closed 21 in Q3 2014.
  • Third Avenue Management's portfolio value fell 8.1% quarter-over-quarter to $4.77B.

Based on Third Avenue Management's 13F filing for Q3 2014, filed 14 Nov 2014.