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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
-31.25%
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
$676M
AUM Growth
-$335M
Cap. Flow
+$36.5M
Cap. Flow %
5.39%
Top 10 Hldgs %
51.2%
Holding
76
New
19
Increased
15
Reduced
17
Closed
9

Top Buys

Rank Stock Value
1
PLD icon
Prologis
PLD
+$32.2M
2
ESS icon
Essex Property Trust
ESS
+$28.1M
3
VNO icon
Vornado Realty Trust
VNO
+$25.1M
4
PSA icon
Public Storage
PSA
+$21.7M
5
LOW icon
Lowe's Companies
LOW
+$18.5M

Top Sells

Rank Stock Value
1
AKR icon
Acadia Realty Trust
AKR
+$22.6M
2
PNC icon
PNC Financial Services
PNC
+$21.7M
3
WY icon
Weyerhaeuser
WY
+$21.2M
4
MAC icon
Macerich
MAC
+$20.3M
5
LEN icon
Lennar Class A
LEN
+$15.6M

Sector Composition

Rank Sector Weight
1 Real Estate 46.43%
2 Financials 14.92%
3 Consumer Discretionary 13.56%
4 Industrials 12.54%
5 Materials 5.37%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CMA
26
DELISTED
Comerica
CMA
$6.96M 1.03%
237,156
-94,358
-28% -$5.12M
UMBF icon
27
UMB Financial
UMBF
$10.7B
$6.78M 1%
146,261
+14,106
+11% +$858K
ICFI icon
28
ICF International
ICFI
$1.44B
$6.43M 0.95%
93,665
– –
ATNI icon
29
ATN International
ATNI
$361M
$6.4M 0.95%
109,002
-27,393
-20% -$1.55M
CUBI icon
30
Customers Bancorp
CUBI
$2.59B
$6.13M 0.91%
561,121
– –
CALM icon
31
Cal-Maine
CALM
$4.28B
$6.02M 0.89%
+136,928
New +$5.18M
SRG
32
Seritage Growth Properties
SRG
$130M
$5.94M 0.88%
651,610
+316,761
+95% +$9.88M
FRPH icon
33
FRP Holdings
FRPH
$449M
$5.67M 0.84%
263,514
– –
FCN icon
34
FTI Consulting
FCN
$4.82B
$5.14M 0.76%
42,957
-31,107
-42% -$3.66M
FIX icon
35
Comfort Systems
FIX
$61B
$4.92M 0.73%
134,629
– –
SEB icon
36
Seaboard Corp
SEB
$4.52B
$4.8M 0.71%
1,708
– –
ALCO icon
37
Alico
ALCO
$286M
$4.36M 0.64%
140,451
– –
ALG icon
38
Alamo Group
ALG
$2.01B
$4.15M 0.61%
46,706
– –
AGX icon
39
Argan
AGX
$7.98B
$4.13M 0.61%
119,452
-47,302
-28% -$1.96M
SBSI icon
40
Southside Bancshares
SBSI
$1.02B
$3.81M 0.56%
125,475
-58,421
-32% -$1.98M
CTB
41
DELISTED
Cooper Tire & Rubber Co.
CTB
$3.79M 0.56%
232,698
+84,805
+57% +$2.11M
VC icon
42
Visteon
VC
$2.77B
$3.45M 0.51%
71,849
– –
PB icon
43
Prosperity Bancshares
PB
$8.77B
$2.95M 0.44%
61,148
– –
CET
44
Central Securities Corp
CET
$1.54B
$2.87M 0.42%
+111,210
New +$3.41M
UNF icon
45
Unifirst Corp
UNF
$5.32B
$2.86M 0.42%
18,954
– –
EME icon
46
Emcor
EME
$33.1B
$2.81M 0.42%
45,788
-24,256
-35% -$1.87M
G icon
47
Genpact
G
$5.3B
$2.5M 0.37%
85,591
-35,281
-29% -$1.38M
CARE icon
48
Carter Bankshares
CARE
$756M
$2.47M 0.37%
268,982
– –
DORM icon
49
Dorman Products
DORM
$4.01B
$2.41M 0.36%
43,600
– –
KALU icon
50
Kaiser Aluminum
KALU
$2.67B
$2.41M 0.36%
34,769
– –
1
2
3 4

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Third Avenue Management's Q1 2020 Portfolio in Review

As of Q1 2020, Third Avenue Management held 76 positions worth $676M, down 33% from $1.01B the previous quarter. Its ten largest holdings account for 51% of the portfolio.

Third Avenue Management deployed $36.5M of net new capital in Q1 2020, opening 19 new positions and adding to 15 existing holdings. Its largest new stake was Prologis: 368,926 shares worth $29.7M.

By sector, the portfolio is most concentrated in Real Estate at 46% of assets, up from 42% a quarter earlier, followed by Financials and Consumer Discretionary.

On the sell side, the largest reduction was Weyerhaeuser, an estimated $21.2M trimmed.

  • Third Avenue Management's largest Q1 2020 buy was Prologis: 368,926 shares worth $29.7M.
  • Third Avenue Management added most to Vornado Realty Trust in Q1 2020, an estimated $25.1M increase.
  • Third Avenue Management's biggest Q1 2020 reduction was Weyerhaeuser, cutting an estimated $21.2M.
  • Third Avenue Management fully exited Acadia Realty Trust in Q1 2020, selling an estimated $22.6M.
  • Third Avenue Management's ten largest holdings make up 51% of its $676M portfolio in Q1 2020.
  • Third Avenue Management opened 19 new positions and closed 9 in Q1 2020.
  • Third Avenue Management's portfolio value fell 33% quarter-over-quarter to $676M.

Based on Third Avenue Management's 13F filing for Q1 2020, filed 13 May 2020.