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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
+7.05%
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
$627M
AUM Growth
+$17.4M
Cap. Flow
-$16.8M
Cap. Flow %
-2.68%
Top 10 Hldgs %
48.7%
Holding
60
New
1
Increased
12
Reduced
14
Closed
2
Avg Time Held
5.1 years
Top 10 Avg Time Held
1.9 years
Top 20 Avg Time Held
3.7 years

Top Buys

Rank Stock Value
1
LAZ icon
Lazard
LAZ
+$21.4M
2
SUI icon
Sun Communities
SUI
+$4.74M
3
LXU icon
LSB Industries
LXU
+$2.48M
4
PRA icon
ProAssurance
PRA
+$2.18M
5
COLL icon
Collegium Pharmaceutical
COLL
+$875K

Top Sells

Rank Stock Value
1
TDW icon
Tidewater
TDW
+$14.3M
2
HCC icon
Warrior Met Coal
HCC
+$12.4M
3
IVT icon
InvenTrust Properties
IVT
+$5.85M
4
FIX icon
Comfort Systems
FIX
+$4M
5
SPHR icon
Sphere Entertainment
SPHR
+$3.59M

Sector Composition

Rank Sector Weight
1 Financials 31.83%
2 Real Estate 20.8%
3 Energy 12.56%
4 Consumer Discretionary 10.69%
5 Materials 10.08%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow Held Since
ECPG icon
26
Encore Capital Group
ECPG
$2.18B
$7.78M 1.24%
170,678
– –
2022 Q4
5 quarters
FRPH icon
27
FRP Holdings
FRPH
$367M
$7.77M 1.24%
252,978
– –
2018 Q1
24 quarters
HBB icon
28
Hamilton Beach Brands
HBB
$461M
$7.73M 1.23%
317,313
-140,264
-31% -$2.72M
2020 Q3
14 quarters
SEB icon
29
Seaboard Corp
SEB
$3.8B
$7.52M 1.2%
2,334
– –
2016 Q1
32 quarters
ALG icon
30
Alamo Group
ALG
$1.86B
$7.28M 1.16%
31,880
– –
2013 Q2
43 quarters
LXU icon
31
LSB Industries
LXU
$753M
$6.92M 1.1%
787,909
+314,695
+67% +$2.48M
2023 Q3
2 quarters
LOW icon
32
Lowe's Companies
LOW
$110B
$6.91M 1.1%
27,135
-2,595
-9% -$597K
2020 Q1
16 quarters
BATRA icon
33
Atlanta Braves Holdings Series A
BATRA
$3.51B
$6.89M 1.1%
164,438
– –
2020 Q1
16 quarters
PB icon
34
Prosperity Bancshares
PB
$8.11B
$6.71M 1.07%
101,965
– –
2014 Q1
40 quarters
ICFI icon
35
ICF International
ICFI
$1.59B
$6.67M 1.06%
44,269
-13,510
-23% -$1.96M
2013 Q2
43 quarters
ITIC icon
36
Investors Title Co
ITIC
$544M
$6.39M 1.02%
39,164
– –
2023 Q2
3 quarters
FNF icon
37
Fidelity National Financial
FNF
$10.6B
$6.26M 1%
117,953
– –
2016 Q1
32 quarters
SBSI icon
38
Southside Bancshares
SBSI
$909M
$6.12M 0.98%
209,426
– –
2015 Q3
34 quarters
TPH icon
39
DELISTED
Tri Pointe Homes
TPH
$6.03M 0.96%
155,997
– –
2017 Q1
28 quarters
BAM icon
40
Brookfield Asset Management
BAM
$73.4B
$5.53M 0.88%
131,670
– –
2022 Q4
5 quarters
SUPN icon
41
Supernus Pharmaceuticals
SUPN
$2.3B
$5.45M 0.87%
159,717
– –
2022 Q2
7 quarters
WASH icon
42
Washington Trust Bancorp
WASH
$707M
$5.35M 0.85%
199,119
– –
2020 Q2
15 quarters
IVT icon
43
InvenTrust Properties
IVT
$2.33B
$4.71M 0.75%
183,296
-232,379
-56% -$5.85M
2021 Q4
9 quarters
CET icon
44
Central Securities Corp
CET
$1.64B
$4.65M 0.74%
111,210
– –
2020 Q1
16 quarters
COLL icon
45
Collegium Pharmaceutical
COLL
$755M
$4.2M 0.67%
108,120
+25,000
+30% +$875K
2023 Q4
1 quarter
UNF icon
46
Unifirst Corp
UNF
$4.79B
$3.44M 0.55%
19,837
– –
2013 Q2
43 quarters
ELME icon
47
Elme Communities
ELME
$156M
$1.29M 0.21%
93,000
+28,000
+43% +$390K
2023 Q2
3 quarters
ROIC icon
48
DELISTED
Retail Opportunity Investments Corp.
ROIC
$1.15M 0.18%
90,000
– –
2020 Q1
16 quarters
CTO icon
49
CTO Realty Growth
CTO
$772M
$1.07M 0.17%
63,000
– –
2020 Q1
16 quarters
EQC icon
50
DELISTED
Equity Commonwealth
EQC
$1.04M 0.17%
55,000
– –
2023 Q2
3 quarters
1
2
3

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Third Avenue Management's Q1 2024 Portfolio in Review

As of Q1 2024, Third Avenue Management held 60 positions worth $627M, up 2.9% from $609M the previous quarter. Its ten largest holdings account for 49% of the portfolio.

Third Avenue Management's Q1 2024 filing shows 1 new, 12 increased, 14 reduced and 2 closed positions. Its largest new stake was Lazard: 550,472 shares worth $23M. The largest sale was Tidewater, an estimated $14.3M.

By sector, the portfolio is most concentrated in Financials at 32% of assets, up from 28% a quarter earlier, followed by Real Estate and Energy.

  • Third Avenue Management's largest Q1 2024 buy was Lazard: 550,472 shares worth $23M.
  • Third Avenue Management added most to Sun Communities in Q1 2024, an estimated $4.74M increase.
  • Third Avenue Management's biggest Q1 2024 reduction was Tidewater, cutting an estimated $14.3M.
  • Third Avenue Management fully exited Comfort Systems in Q1 2024, selling an estimated $4M.
  • Third Avenue Management's ten largest holdings make up 49% of its $627M portfolio in Q1 2024.
  • Third Avenue Management opened 1 new position and closed 2 in Q1 2024.
  • Third Avenue Management's portfolio value rose 2.9% quarter-over-quarter to $627M.

Based on Third Avenue Management's 13F filing for Q1 2024, filed 13 May 2024.