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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

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
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
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
APA icon
26
APA Corp
APA
$14.9B
$53.7M 1.46%
1,371,109
-183,115
-12% -$8.33M
PKX icon
27
POSCO
PKX
$18.2B
$53M 1.44%
1,513,581
-368,108
-20% -$15.1M
TRC icon
28
Tejon Ranch
TRC
$438M
$50M 1.36%
2,361,359
-31,128
-1% -$731K
AXE
29
DELISTED
Anixter International Inc
AXE
$49.4M 1.34%
854,833
+598,329
+233% +$37.5M
Y
30
DELISTED
Alleghany Corp
Y
$49.1M 1.34%
104,799
-7,275
-6% -$3.5M
MAS icon
31
Masco
MAS
$14.4B
$46.3M 1.26%
1,840,671
-115,187
-6% -$2.96M
L icon
32
Loews
L
$22.4B
$43.8M 1.19%
1,211,350
-38,937
-3% -$1.46M
NVDA icon
33
NVIDIA
NVDA
$5.25T
$42.8M 1.17%
69,512,120
-33,530,200
-33% -$18.1M
DVN icon
34
Devon Energy
DVN
$52.1B
$41.5M 1.13%
1,119,426
-433,933
-28% -$19.9M
KEY icon
35
KeyCorp
KEY
$23.4B
$32.6M 0.89%
2,505,146
-74,740
-3% -$1.06M
JEF icon
36
Jefferies Financial Group
JEF
$12.2B
$27.6M 0.75%
1,523,265
-323,780
-18% -$6.5M
H icon
37
Hyatt Hotels
H
$16.2B
$22.7M 0.62%
482,381
+6,100
+1% +$325K
WFC.WS
38
DELISTED
Wells Fargo & Company Ws
WFC.WS
$21.3M 0.58%
1,177,803
-9,500
-0.8% -$203K
KW
39
DELISTED
Kennedy-Wilson Holdings
KW
$16.6M 0.45%
+748,000
New +$18.4M
HCC
40
DELISTED
HCC INSURANCES HOLDINGS INC
HCC
$14.5M 0.4%
187,613
-25,782
-12% -$1.99M
HYT icon
41
BlackRock Corporate High Yield Fund
HYT
$1.35B
$12.9M 0.35%
1,304,420
-691,854
-35% -$7.14M
VC icon
42
Visteon
VC
$2.72B
$12.3M 0.33%
+121,038
New +$12.2M
FSD
43
DELISTED
FIRST TRUST HIGH INCOME LONG/SHORT FUND
FSD
$11.9M 0.32%
841,294
+11,351
+1% +$168K
WCIC
44
DELISTED
WCI Communities, Inc.
WCIC
$11.4M 0.31%
505,435
+14,386
+3% +$346K
G icon
45
Genpact
G
$6.39B
$10.1M 0.27%
425,885
+80
+0% +$1.8K
CSGS
46
DELISTED
CSG Systems International
CSGS
$9.31M 0.25%
302,329
-16,900
-5% -$523K
CBSH icon
47
Commerce Bancshares
CBSH
$8.32B
$9.08M 0.25%
340,818
+84
+0% +$2.25K
B
48
DELISTED
Barnes Group Inc.
B
$9.06M 0.25%
251,271
-11,614
-4% -$445K
FCN icon
49
FTI Consulting
FCN
$4.25B
$8.75M 0.24%
210,845
-76,590
-27% -$3.15M
KALU icon
50
Kaiser Aluminum
KALU
$2.56B
$8.64M 0.24%
107,610
+27
+0% +$2.25K
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.