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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
+2.91%
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
$585M
AUM Growth
+$10.3M
Cap. Flow
+$4M
Cap. Flow %
0.68%
Top 10 Hldgs %
48.91%
Holding
56
New
1
Increased
16
Reduced
13
Closed
2

Top Buys

Rank Stock Value
1
CMA
Comerica
CMA
+$11.3M
2
HA
Hawaiian Holdings, Inc.
HA
+$9.64M
3
JLL icon
Jones Lang LaSalle
JLL
+$8.54M
4
LAZ icon
Lazard
LAZ
+$3.38M
5
HCC icon
Warrior Met Coal
HCC
+$2.54M

Top Sells

Rank Stock Value
1
TDW icon
Tidewater
TDW
+$17.9M
2
LEN.B icon
Lennar Class B
LEN.B
+$4.56M
3
IVT icon
InvenTrust Properties
IVT
+$3.53M
4
FNF icon
Fidelity National Financial
FNF
+$2.25M
5
FPH icon
Five Point Holdings
FPH
+$2.17M

Sector Composition

Rank Sector Weight
1 Financials 27.42%
2 Real Estate 21.49%
3 Energy 13.94%
4 Industrials 12.09%
5 Consumer Discretionary 11.78%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
JLL icon
26
Jones Lang LaSalle
JLL
$15.1B
$7.45M 1.27%
+51,235
New +$8.54M
FRPH icon
27
FRP Holdings
FRPH
$449M
$7.33M 1.25%
253,342
– –
WASH icon
28
Washington Trust Bancorp
WASH
$732M
$7.08M 1.21%
204,314
+21,569
+12% +$910K
ICFI icon
29
ICF International
ICFI
$1.44B
$7M 1.2%
63,802
– –
SBSI icon
30
Southside Bancshares
SBSI
$1.02B
$6.95M 1.19%
209,426
– –
ECPG icon
31
Encore Capital Group
ECPG
$1.93B
$6.7M 1.15%
132,837
+13,306
+11% +$696K
TPH
32
DELISTED
Tri Pointe Homes
TPH
$6.57M 1.12%
259,463
-70,715
-21% -$1.6M
PB icon
33
Prosperity Bancshares
PB
$8.77B
$6.27M 1.07%
101,965
– –
BATRA icon
34
Atlanta Braves Holdings Series A
BATRA
$3.53B
$6.02M 1.03%
174,128
– –
ALG icon
35
Alamo Group
ALG
$2.01B
$5.87M 1%
31,880
– –
HBB icon
36
Hamilton Beach Brands
HBB
$302M
$5.84M 1%
570,298
– –
EME icon
37
Emcor
EME
$33.1B
$5.3M 0.91%
32,597
– –
KALU icon
38
Kaiser Aluminum
KALU
$2.67B
$4.8M 0.82%
64,315
– –
SPHR icon
39
Sphere Entertainment
SPHR
$4.88B
$4.8M 0.82%
81,238
+17,680
+28% +$956K
BAM icon
40
Brookfield Asset Management
BAM
$74B
$4.27M 0.73%
130,646
+487
+0.4% +$15.8K
FNF icon
41
Fidelity National Financial
FNF
$13.9B
$4.24M 0.72%
121,428
-57,197
-32% -$2.25M
CCF
42
DELISTED
Chase Corporation
CCF
$4.22M 0.72%
40,292
– –
FIX icon
43
Comfort Systems
FIX
$61B
$4.22M 0.72%
28,902
– –
CET
44
Central Securities Corp
CET
$1.54B
$3.87M 0.66%
111,210
– –
UNF icon
45
Unifirst Corp
UNF
$5.32B
$2.63M 0.45%
14,942
– –
TPHS
46
DELISTED
Trinity Place Holdings Inc.com
TPHS
$2.46M 0.42%
5,127,786
+1
+0% +$1
ROIC
47
DELISTED
Retail Opportunity Investments Corp.
ROIC
$1.05M 0.18%
75,000
– –
CTO
48
CTO Realty Growth
CTO
$743M
$999K 0.17%
57,879
– –
PCH
49
DELISTED
PotlatchDeltic
PCH
$990K 0.17%
20,000
– –
STC icon
50
Stewart Information Services
STC
$2.05B
$686K 0.12%
17,000
– –
1
2
3

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Third Avenue Management's Q1 2023 Portfolio in Review

As of Q1 2023, Third Avenue Management held 56 positions worth $585M, up 1.8% from $575M the previous quarter. Its ten largest holdings account for 49% of the portfolio.

Third Avenue Management's Q1 2023 filing shows 1 new, 16 increased, 13 reduced and 2 closed positions. Its largest new stake was Jones Lang LaSalle: 51,235 shares worth $7.45M. The largest sale was Tidewater, an estimated $17.9M.

By sector, the portfolio is most concentrated in Financials at 27% of assets, down from 28% a quarter earlier, followed by Real Estate and Energy.

  • Third Avenue Management's largest Q1 2023 buy was Jones Lang LaSalle: 51,235 shares worth $7.45M.
  • Third Avenue Management added most to Comerica in Q1 2023, an estimated $11.3M increase.
  • Third Avenue Management's biggest Q1 2023 reduction was Tidewater, cutting an estimated $17.9M.
  • Third Avenue Management fully exited Stratus Properties in Q1 2023, selling an estimated $1.16M.
  • Third Avenue Management's ten largest holdings make up 49% of its $585M portfolio in Q1 2023.
  • Third Avenue Management opened 1 new position and closed 2 in Q1 2023.
  • Third Avenue Management's portfolio value rose 1.8% quarter-over-quarter to $585M.

Based on Third Avenue Management's 13F filing for Q1 2023, filed 12 May 2023.