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TAM

Third Avenue Management Portfolio holdings

AUM $625M
1-Year Est. Return 48.93%
This Fund
S&P 500
This Quarter Est. Return
-9.1%
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
$3.67B
AUM Growth
-$300M
Cap. Flow
+$141M
Cap. Flow %
3.85%
Top 10 Hldgs %
42.02%
Holding
142
New
13
Increased
44
Reduced
42
Closed
13
Avg Time Held
6.4 quarters
Top 10 Avg Time Held
5.1 quarters
Top 20 Avg Time Held
5.5 quarters

Top Buys

Rank Stock Value
1
BKD icon
Brookdale Senior Living
BKD
+$71M
2
AXE
Anixter International Inc
AXE
+$37.5M
3
WY icon
Weyerhaeuser
WY
+$21.7M
4
KW icon
Kennedy-Wilson Holdings
KW
+$18.4M
5
MAC icon
Macerich
MAC
+$18.4M

Top Sells

Rank Stock Value
1
DVN icon
Devon Energy
DVN
+$19.9M
2
NVDA icon
NVIDIA
NVDA
+$18.1M
3
CMA icon
Comerica
CMA
+$17.4M
4
WTM icon
White Mountains Insurance
WTM
+$15.1M
5
PKX icon
POSCO
PKX
+$15.1M

Sector Composition

Rank Sector Weight
1 Real Estate 37.53%
2 Financials 22.86%
3 Consumer Discretionary 9.27%
4 Industrials 8.57%
5 Technology 4.58%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow Held Since
APA icon
26
APA Corp
APA
$16.9B
$53.7M 1.46%
1,371,109
-183,115
-12% -$8.33M
2013 Q2
9 quarters
PKX icon
27
POSCO
PKX
$17.4B
$53M 1.44%
1,513,581
-368,108
-20% -$15.1M
2013 Q2
9 quarters
TRC icon
28
Tejon Ranch
TRC
$440M
$50M 1.36%
2,361,359
-31,128
-1% -$731K
2013 Q2
9 quarters
AXE
29
DELISTED
Anixter International Inc
AXE
$49.4M 1.34%
854,833
+598,329
+233% +$37.5M
2014 Q3
4 quarters
Y
30
DELISTED
Alleghany Corp
Y
$49.1M 1.34%
104,799
-7,275
-6% -$3.5M
2013 Q2
9 quarters
MAS icon
31
Masco
MAS
$13.5B
$46.3M 1.26%
1,840,671
-115,187
-6% -$2.96M
2015 Q2
1 quarter
L icon
32
Loews
L
$22.1B
$43.8M 1.19%
1,211,350
-38,937
-3% -$1.46M
2014 Q3
4 quarters
NVDA icon
33
NVIDIA
NVDA
$5.44T
$42.8M 1.17%
69,512,120
-33,530,200
-33% -$18.1M
2013 Q2
9 quarters
DVN icon
34
Devon Energy
DVN
$55.1B
$41.5M 1.13%
1,119,426
-433,933
-28% -$19.9M
2013 Q2
9 quarters
KEY icon
35
KeyCorp
KEY
$20.8B
$32.6M 0.89%
2,505,146
-74,740
-3% -$1.06M
2013 Q2
9 quarters
JEF icon
36
Jefferies Financial Group
JEF
$10.3B
$27.6M 0.75%
1,523,265
-323,780
-18% -$6.5M
2013 Q2
9 quarters
H icon
37
Hyatt Hotels
H
$15.3B
$22.7M 0.62%
482,381
+6,100
+1% +$325K
2013 Q2
9 quarters
WFC.WS icon
38
DELISTED
Wells Fargo & Company Ws
WFC.WS
$21.3M 0.58%
1,177,803
-9,500
-0.8% -$203K
2013 Q2
9 quarters
KW icon
39
DELISTED
Kennedy-Wilson Holdings
KW
$16.6M 0.45%
+748,000
New +$18.4M
2015 Q3
0 quarters
HCC icon
40
DELISTED
HCC INSURANCES HOLDINGS INC
HCC
$14.5M 0.4%
187,613
-25,782
-12% -$1.99M
2013 Q2
9 quarters
HYT icon
41
BlackRock Corporate High Yield Fund
HYT
$1.52B
$12.9M 0.35%
1,304,420
-691,854
-35% -$7.14M
2013 Q4
7 quarters
VC icon
42
Visteon
VC
$2.29B
$12.3M 0.33%
+121,038
New +$12.2M
2015 Q3
0 quarters
FSD
43
DELISTED
FIRST TRUST HIGH INCOME LONG/SHORT FUND
FSD
$11.9M 0.32%
841,294
+11,351
+1% +$168K
2013 Q3
8 quarters
WCIC
44
DELISTED
WCI Communities, Inc.
WCIC
$11.4M 0.31%
505,435
+14,386
+3% +$346K
2014 Q3
4 quarters
G icon
45
Genpact
G
$5.93B
$10.1M 0.27%
425,885
+80
+0% +$1.8K
2014 Q1
6 quarters
CSGS icon
46
DELISTED
CSG Systems International
CSGS
$9.31M 0.25%
302,329
-16,900
-5% -$523K
2013 Q4
7 quarters
CBSH icon
47
Commerce Bancshares
CBSH
$7.71B
$9.08M 0.25%
340,818
+84
+0% +$2.25K
2013 Q2
9 quarters
B icon
48
DELISTED
Barnes Group Inc.
B
$9.06M 0.25%
251,271
-11,614
-4% -$445K
2014 Q4
3 quarters
FCN icon
49
FTI Consulting
FCN
$3.84B
$8.75M 0.24%
210,845
-76,590
-27% -$3.15M
2013 Q3
8 quarters
KALU icon
50
Kaiser Aluminum
KALU
$2.43B
$8.64M 0.24%
107,610
+27
+0% +$2.25K
2013 Q2
9 quarters
1
2
3 4 5

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Third Avenue Management's Q3 2015 Portfolio in Review

As of Q3 2015, Third Avenue Management held 142 positions worth $3.67B, down 7.6% from $3.97B the previous quarter. Its ten largest holdings account for 42% of the portfolio.

Third Avenue Management deployed $141M of net new capital in Q3 2015, opening 13 new positions and adding to 44 existing holdings. Its largest new stake was Kennedy-Wilson Holdings: 748,000 shares worth $16.6M.

By sector, the portfolio is most concentrated in Real Estate at 38% of assets, up from 34% a quarter earlier, followed by Financials and Consumer Discretionary.

On the sell side, the largest reduction was Devon Energy, an estimated $19.9M trimmed.

  • Third Avenue Management's largest Q3 2015 buy was Kennedy-Wilson Holdings: 748,000 shares worth $16.6M.
  • Third Avenue Management added most to Brookdale Senior Living in Q3 2015, an estimated $71M increase.
  • Third Avenue Management's biggest Q3 2015 reduction was Devon Energy, cutting an estimated $19.9M.
  • Third Avenue Management fully exited ROSETTA RESOURCES INC in Q3 2015, selling an estimated $6.62M.
  • Third Avenue Management's ten largest holdings make up 42% of its $3.67B portfolio in Q3 2015.
  • Third Avenue Management opened 13 new positions and closed 13 in Q3 2015.
  • Third Avenue Management's portfolio value fell 7.6% quarter-over-quarter to $3.67B.

Based on Third Avenue Management's 13F filing for Q3 2015, filed 12 Nov 2015.