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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
+1.23%
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
$3.99B
AUM Growth
+$21.9M
Cap. Flow
-$1.04M
Cap. Flow %
-0.03%
Top 10 Hldgs %
38.03%
Holding
149
New
10
Increased
58
Reduced
37
Closed
16

Top Buys

Rank Stock Value
1
MAC icon
Macerich
MAC
+$55M
2
PNC icon
PNC Financial Services
PNC
+$49.2M
3
WY icon
Weyerhaeuser
WY
+$30.2M
4
RYN icon
Rayonier
RYN
+$24.4M
5
CMA
Comerica
CMA
+$18.8M

Top Sells

Rank Stock Value
1
TGT icon
Target
TGT
+$57.2M
2
KEY icon
KeyCorp
KEY
+$46.6M
3
HT
Hersha Hospitality Trust Priority Class A Common Shares of Beneficial Interest
HT
+$25.2M
4
BNY
Bank of New York Mellon
BNY
+$16.7M
5
BN icon
Brookfield
BN
+$10.4M

Sector Composition

Rank Sector Weight
1 Real Estate 31.64%
2 Financials 24.47%
3 Consumer Discretionary 9.13%
4 Industrials 7.36%
5 Energy 5.66%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SFR
26
DELISTED
Starwood Waypoint Homes
SFR
$68.3M 1.71%
2,640,875
+18,942
+0.7% +$478K
TRC icon
27
Tejon Ranch
TRC
$476M
$61.4M 1.54%
2,392,487
-5,413
-0.2% -$135K
Y
28
DELISTED
Alleghany Corp
Y
$60.6M 1.52%
124,343
-13,051
-9% -$6.1M
NVDA icon
29
NVIDIA
NVDA
$5.01T
$55.4M 1.39%
105,887,560
-1,607,360
-1% -$855K
KEY icon
30
KeyCorp
KEY
$24.3B
$54M 1.35%
3,813,324
-3,394,865
-47% -$46.6M
MAC icon
31
Macerich
MAC
$7.32B
$53M 1.33%
+629,026
New +$55M
PNC icon
32
PNC Financial Services
PNC
$100B
$52.1M 1.31%
559,269
+544,959
+3,808% +$49.2M
L icon
33
Loews
L
$24.3B
$52M 1.3%
1,273,445
+118,046
+10% +$4.78M
PNC.WS
34
DELISTED
PNC Financial Services Group Inc
PNC.WS
$51.9M 1.3%
1,982,754
+2,100
+0.1% +$51.8K
JEF icon
35
Jefferies Financial Group
JEF
$12.9B
$47.9M 1.2%
2,401,668
-376,573
-14% -$7.78M
H icon
36
Hyatt Hotels
H
$17.6B
$28.2M 0.71%
475,981
+2,368
+0.5% +$138K
VMI icon
37
Valmont Industries
VMI
$9.44B
$25.1M 0.63%
204,082
+22,099
+12% +$2.71M
WFC.WS
38
DELISTED
Wells Fargo & Company Ws
WFC.WS
$24.3M 0.61%
1,187,303
+400
+0% +$8.18K
HYT icon
39
BlackRock Corporate High Yield Fund
HYT
$1.36B
$21.9M 0.55%
1,958,371
-163,289
-8% -$1.85M
FSD
40
DELISTED
FIRST TRUST HIGH INCOME LONG/SHORT FUND
FSD
$13.3M 0.33%
813,828
+15,805
+2% +$257K
SYNT
41
DELISTED
Syntel Inc
SYNT
$12.4M 0.31%
239,958
– –
HCC
42
DELISTED
HCC INSURANCES HOLDINGS INC
HCC
$12.1M 0.3%
213,395
-98,499
-32% -$5.45M
WCIC
43
DELISTED
WCI Communities, Inc.
WCIC
$11.8M 0.29%
491,049
+58,179
+13% +$1.23M
EME icon
44
Emcor
EME
$33.1B
$11.4M 0.29%
246,200
+87
+0% +$3.78K
BTZ icon
45
BlackRock Credit Allocation Income Trust
BTZ
$927M
$11.1M 0.28%
821,584
-80,644
-9% -$1.08M
WKC icon
46
World Kinect Corp
WKC
$1.96B
$11M 0.28%
191,453
-76,158
-28% -$3.95M
ALG icon
47
Alamo Group
ALG
$2.01B
$11M 0.28%
173,922
+27,543
+19% +$1.43M
FCN icon
48
FTI Consulting
FCN
$4.82B
$10.8M 0.27%
287,435
+92
+0% +$3.48K
B
49
DELISTED
Barnes Group Inc.
B
$10.7M 0.27%
264,385
+37
+0% +$1.39K
G icon
50
Genpact
G
$5.3B
$9.9M 0.25%
425,805
-213,156
-33% -$4.59M
1
2
3 4 5

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DTL
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ACP
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MC
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BWP
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AMG
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Third Avenue Management's Q1 2015 Portfolio in Review

As of Q1 2015, Third Avenue Management held 149 positions worth $3.99B, up 0.55% from $3.97B the previous quarter. Its ten largest holdings account for 38% of the portfolio.

Third Avenue Management's Q1 2015 filing shows 10 new, 58 increased, 37 reduced and 16 closed positions. Its largest new stake was Macerich: 629,026 shares worth $53M. The largest sale was Target, an estimated $57.2M.

By sector, the portfolio is most concentrated in Real Estate at 32% of assets, up from 29% a quarter earlier, followed by Financials and Consumer Discretionary.

  • Third Avenue Management's largest Q1 2015 buy was Macerich: 629,026 shares worth $53M.
  • Third Avenue Management added most to PNC Financial Services in Q1 2015, an estimated $49.2M increase.
  • Third Avenue Management's biggest Q1 2015 reduction was KeyCorp, cutting an estimated $46.6M.
  • Third Avenue Management fully exited Target in Q1 2015, selling an estimated $57.2M.
  • Third Avenue Management's ten largest holdings make up 38% of its $3.99B portfolio in Q1 2015.
  • Third Avenue Management opened 10 new positions and closed 16 in Q1 2015.
  • Third Avenue Management's portfolio value rose 0.55% quarter-over-quarter to $3.99B.

Based on Third Avenue Management's 13F filing for Q1 2015, filed 14 May 2015.