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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
+0.39%
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
$499M
AUM Growth
-$18.1M
Cap. Flow
-$7.95M
Cap. Flow %
-1.59%
Top 10 Hldgs %
46.56%
Holding
62
New
3
Increased
10
Reduced
13
Closed
1
Avg Time Held
5.3 years
Top 10 Avg Time Held
2.4 years
Top 20 Avg Time Held
3.3 years

Top Buys

Rank Stock Value
1
TDW icon
Tidewater
TDW
+$11M
2
PHM icon
Pultegroup
PHM
+$6.89M
3
VAL icon
Valaris
VAL
+$6.14M
4
BXC icon
BlueLinx
BXC
+$2.77M
5
MRP icon
Millrose Properties Inc
MRP
+$1.89M

Top Sells

Rank Stock Value
1
DB icon
Deutsche Bank
DB
+$15.5M
2
ORI icon
Old Republic International
ORI
+$4.73M
3
AMH icon
American Homes 4 Rent
AMH
+$4.6M
4
LEN.B icon
Lennar Class B
LEN.B
+$2.67M
5
SEB icon
Seaboard Corp
SEB
+$2.67M

Sector Composition

Rank Sector Weight
1 Financials 31.46%
2 Real Estate 25.57%
3 Energy 12.6%
4 Consumer Discretionary 8.58%
5 Industrials 8.07%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow Held Since
RYN icon
26
Rayonier
RYN
$5.64B
$7.21M 1.45%
271,119
-60,099
-18% -$1.52M
2013 Q4
45 quarters
PHM icon
27
Pultegroup
PHM
$21.5B
$6.56M 1.32%
+63,800
New +$6.89M
2025 Q1
0 quarters
WY icon
28
Weyerhaeuser
WY
$14B
$6.47M 1.3%
220,849
– –
2013 Q2
47 quarters
BAM icon
29
Brookfield Asset Management
BAM
$73.4B
$6.4M 1.28%
132,103
– –
2022 Q4
9 quarters
SUPN icon
30
Supernus Pharmaceuticals
SUPN
$2.3B
$6.21M 1.24%
189,493
– –
2022 Q2
11 quarters
COLL icon
31
Collegium Pharmaceutical
COLL
$755M
$6.07M 1.22%
203,401
– –
2023 Q4
5 quarters
SBSI icon
32
Southside Bancshares
SBSI
$909M
$6.06M 1.22%
209,426
– –
2015 Q3
38 quarters
ECPG icon
33
Encore Capital Group
ECPG
$2.18B
$5.86M 1.18%
171,022
– –
2022 Q4
9 quarters
LXU icon
34
LSB Industries
LXU
$753M
$5.2M 1.04%
789,447
– –
2023 Q3
6 quarters
CET icon
35
Central Securities Corp
CET
$1.63B
$5M 1%
111,210
– –
2020 Q1
20 quarters
TPH icon
36
DELISTED
Tri Pointe Homes
TPH
$4.97M 1%
155,830
– –
2017 Q1
32 quarters
HBB icon
37
Hamilton Beach Brands
HBB
$461M
$4.86M 0.97%
249,969
-47,521
-16% -$855K
2020 Q3
18 quarters
KALU icon
38
Kaiser Aluminum
KALU
$2.43B
$4.84M 0.97%
79,828
+205
+0.3% +$14.4K
2013 Q2
47 quarters
ALG icon
39
Alamo Group
ALG
$1.86B
$4.55M 0.91%
25,546
-6,334
-20% -$1.16M
2013 Q2
47 quarters
UNF icon
40
Unifirst Corp
UNF
$4.79B
$4.06M 0.81%
23,356
– –
2013 Q2
47 quarters
ICFI icon
41
ICF International
ICFI
$1.59B
$4M 0.8%
47,024
+2,836
+6% +$297K
2013 Q2
47 quarters
SD icon
42
SandRidge Energy
SD
$516M
$3.78M 0.76%
330,698
– –
2024 Q3
2 quarters
SEB icon
43
Seaboard Corp
SEB
$3.8B
$3.56M 0.71%
1,319
-1,015
-43% -$2.67M
2016 Q1
36 quarters
OSG icon
44
Octave Specialty Group
OSG
$207M
$3.21M 0.64%
366,461
+136,045
+59% +$1.43M
2024 Q4
1 quarter
PBF icon
45
PBF Energy
PBF
$10.3B
$2.5M 0.5%
131,050
– –
2024 Q3
2 quarters
WCC icon
46
WESCO International
WCC
$16.9B
$2.3M 0.46%
14,822
+83
+0.6% +$14.8K
2024 Q2
3 quarters
BXC icon
47
BlueLinx
BXC
$576M
$2.24M 0.45%
+29,869
New +$2.77M
2025 Q1
0 quarters
MRP icon
48
Millrose Properties Inc
MRP
$3.69B
$2.14M 0.43%
+80,890
New +$1.89M
2025 Q1
0 quarters
OCFC icon
49
OceanFirst Financial
OCFC
$1.54B
$1.98M 0.4%
116,643
+55,784
+92% +$993K
2024 Q4
1 quarter
ELME icon
50
Elme Communities
ELME
$156M
$1.62M 0.32%
93,000
– –
2023 Q2
7 quarters
1
2
3

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Third Avenue Management's Q1 2025 Portfolio in Review

As of Q1 2025, Third Avenue Management held 62 positions worth $499M, down 3.5% from $517M the previous quarter. Its ten largest holdings account for 47% of the portfolio.

Third Avenue Management's Q1 2025 filing shows 3 new, 10 increased, 13 reduced and 1 closed positions. Its largest new stake was Pultegroup: 63,800 shares worth $6.56M. The largest sale was Deutsche Bank, an estimated $15.5M.

By sector, the portfolio is most concentrated in Financials at 31% of assets, down from 32% a quarter earlier, followed by Real Estate and Energy.

  • Third Avenue Management's largest Q1 2025 buy was Pultegroup: 63,800 shares worth $6.56M.
  • Third Avenue Management added most to Tidewater in Q1 2025, an estimated $11M increase.
  • Third Avenue Management's biggest Q1 2025 reduction was Deutsche Bank, cutting an estimated $15.5M.
  • Third Avenue Management fully exited Retail Opportunity Investments Corp. in Q1 2025, selling an estimated $1.56M.
  • Third Avenue Management's ten largest holdings make up 47% of its $499M portfolio in Q1 2025.
  • Third Avenue Management opened 3 new positions and closed 1 in Q1 2025.
  • Third Avenue Management's portfolio value fell 3.5% quarter-over-quarter to $499M.

Based on Third Avenue Management's 13F filing for Q1 2025, filed 14 May 2025.