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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
+22.03%
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
$756M
AUM Growth
+$43.4M
Cap. Flow
-$85M
Cap. Flow %
-11.24%
Top 10 Hldgs %
45.74%
Holding
65
New
1
Increased
13
Reduced
22
Closed
4
Avg Time Held
3.7 years
Top 10 Avg Time Held
2.7 years
Top 20 Avg Time Held
2.4 years

Top Buys

Rank Stock Value
1
AAMI icon
Acadian Asset Management
AAMI
+$3.81M
2
HCC icon
Warrior Met Coal
HCC
+$3.57M
3
ATNI icon
ATN International
ATNI
+$1.59M
4
SEB icon
Seaboard Corp
SEB
+$1.13M
5
FPH icon
Five Point Holdings
FPH
+$1.08M

Top Sells

Rank Stock Value
1
WY icon
Weyerhaeuser
WY
+$16.5M
2
KFY icon
Korn Ferry
KFY
+$15.6M
3
EXP icon
Eagle Materials
EXP
+$6.94M
4
MHK icon
Mohawk Industries
MHK
+$6.03M
5
BN icon
Brookfield
BN
+$5.56M

Sector Composition

Rank Sector Weight
1 Real Estate 35.96%
2 Financials 22.06%
3 Consumer Discretionary 16.61%
4 Industrials 11.4%
5 Materials 6.19%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow Held Since
WASH icon
26
Washington Trust Bancorp
WASH
$707M
$9.44M 1.25%
182,745
– –
2020 Q2
3 quarters
VNO icon
27
Vornado Realty Trust
VNO
$6.2B
$9.38M 1.24%
206,546
-31,053
-13% -$1.29M
2013 Q2
31 quarters
ESS icon
28
Essex Property Trust
ESS
$17.3B
$8.77M 1.16%
32,256
-4,861
-13% -$1.26M
2020 Q1
4 quarters
SEB icon
29
Seaboard Corp
SEB
$3.8B
$8.62M 1.14%
2,336
+336
+17% +$1.13M
2016 Q1
20 quarters
SRG icon
30
Seritage Growth Properties
SRG
$92.9M
$8.22M 1.09%
447,833
-68,431
-13% -$1.27M
2018 Q1
12 quarters
PB icon
31
Prosperity Bancshares
PB
$8.11B
$8.08M 1.07%
107,928
– –
2014 Q1
28 quarters
PRA icon
32
DELISTED
ProAssurance
PRA
$7.95M 1.05%
297,038
– –
2020 Q4
1 quarter
FRPH icon
33
FRP Holdings
FRPH
$367M
$7.41M 0.98%
301,166
+41,720
+16% +$983K
2018 Q1
12 quarters
ICFI icon
34
ICF International
ICFI
$1.59B
$7.31M 0.97%
83,673
– –
2013 Q2
31 quarters
MYRG icon
35
MYR Group
MYRG
$4.45B
$7.26M 0.96%
101,309
-25,257
-20% -$1.6M
2015 Q4
21 quarters
SBSI icon
36
Southside Bancshares
SBSI
$909M
$6.42M 0.85%
166,620
-14,158
-8% -$502K
2015 Q3
22 quarters
KALU icon
37
Kaiser Aluminum
KALU
$2.43B
$5.76M 0.76%
52,160
– –
2013 Q2
31 quarters
EME icon
38
Emcor
EME
$32.3B
$5.14M 0.68%
45,788
– –
2013 Q2
31 quarters
ALG icon
39
Alamo Group
ALG
$1.86B
$4.98M 0.66%
31,880
-14,826
-32% -$2.25M
2013 Q2
31 quarters
BATRA icon
40
Atlanta Braves Holdings Series A
BATRA
$3.51B
$4.96M 0.66%
174,128
– –
2020 Q1
4 quarters
TPH icon
41
DELISTED
Tri Pointe Homes
TPH
$4.74M 0.63%
232,961
– –
2017 Q1
16 quarters
ATNI icon
42
ATN International
ATNI
$398M
$4.61M 0.61%
93,903
+33,642
+56% +$1.59M
2018 Q2
11 quarters
CALM icon
43
Cal-Maine
CALM
$2.97B
$4.46M 0.59%
116,094
-43,300
-27% -$1.7M
2020 Q1
4 quarters
CET icon
44
Central Securities Corp
CET
$1.63B
$4.22M 0.56%
111,210
– –
2020 Q1
4 quarters
HBB icon
45
Hamilton Beach Brands
HBB
$461M
$4.12M 0.54%
227,223
+41,193
+22% +$749K
2020 Q3
2 quarters
AAMI icon
46
Acadian Asset Management
AAMI
$3.29B
$3.94M 0.52%
+193,259
New +$3.81M
2021 Q1
0 quarters
FIX icon
47
Comfort Systems
FIX
$52.1B
$3.92M 0.52%
52,390
– –
2016 Q3
18 quarters
VC icon
48
Visteon
VC
$2.37B
$3.88M 0.51%
31,848
– –
2015 Q3
22 quarters
UNF icon
49
Unifirst Corp
UNF
$4.79B
$3.34M 0.44%
14,942
– –
2013 Q2
31 quarters
DORM icon
50
Dorman Products
DORM
$3.67B
$2.68M 0.35%
26,078
– –
2015 Q1
24 quarters
1
2
3

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Third Avenue Management's Q1 2021 Portfolio in Review

As of Q1 2021, Third Avenue Management held 65 positions worth $756M, up 6.1% from $713M the previous quarter. Its ten largest holdings account for 46% of the portfolio.

Third Avenue Management withdrew a net $85M in Q1 2021, closing 4 positions and reducing 22 holdings. Its most notable exit was Korn Ferry, an estimated $15.6M position sold in full.

By sector, the portfolio is most concentrated in Real Estate at 36% of assets, down from 37% a quarter earlier, followed by Financials and Consumer Discretionary.

Against the trend, Third Avenue Management opened a new position in Acadian Asset Management worth $3.94M.

  • Third Avenue Management's largest Q1 2021 buy was Acadian Asset Management: 193,259 shares worth $3.94M.
  • Third Avenue Management added most to Warrior Met Coal in Q1 2021, an estimated $3.57M increase.
  • Third Avenue Management's biggest Q1 2021 reduction was Weyerhaeuser, cutting an estimated $16.5M.
  • Third Avenue Management fully exited Korn Ferry in Q1 2021, selling an estimated $15.6M.
  • Third Avenue Management's ten largest holdings make up 46% of its $756M portfolio in Q1 2021.
  • Third Avenue Management opened 1 new position and closed 4 in Q1 2021.
  • Third Avenue Management's portfolio value rose 6.1% quarter-over-quarter to $756M.

Based on Third Avenue Management's 13F filing for Q1 2021, filed 14 May 2021.