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
+5.74%
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
$5.18B
AUM Growth
+$21.6M
Cap. Flow
-$232M
Cap. Flow %
-4.48%
Top 10 Hldgs %
32.21%
Holding
171
New
14
Increased
36
Reduced
72
Closed
20
Avg Time Held
0.8 years
Top 10 Avg Time Held
0.7 years
Top 20 Avg Time Held
0.9 years

Top Buys

Rank Stock Value
1
WY icon
Weyerhaeuser
WY
+$85.7M
2
AGCO icon
AGCO
AGCO
+$55.6M
3
PDCO icon
Patterson Companies, Inc.
PDCO
+$24.4M
4
CTB
Cooper Tire & Rubber Co.
CTB
+$18M
5
ARCO icon
Arcos Dorados Holdings
ARCO
+$16.5M

Top Sells

Rank Stock Value
1
CMP icon
Compass Minerals
CMP
+$38.3M
2
DVN icon
Devon Energy
DVN
+$35.8M
3
SXT icon
Sensient Technologies
SXT
+$34.9M
4
BN icon
Brookfield
BN
+$34.8M
5
SUSS
SUSSER HOLDINGS CORPORATION COMMON STOCK
SUSS
+$33.6M

Sector Composition

Rank Sector Weight
1 Financials 22.73%
2 Real Estate 17.99%
3 Industrials 11.99%
4 Technology 10.47%
5 Energy 10.08%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow Held Since
LABL
51
DELISTED
Multi-Color Corp
LABL
$31.8M 0.61%
794,921
-31,738
-4% -$1.13M
2014 Q1
1 quarter
IDCC icon
52
InterDigital
IDCC
$8.41B
$31M 0.6%
648,252
-97,200
-13% -$3.76M
2013 Q4
2 quarters
UMBF icon
53
UMB Financial
UMBF
$9.79B
$30.8M 0.59%
485,695
-18,165
-4% -$1.08M
2013 Q2
4 quarters
EFII
54
DELISTED
Electronics for Imaging
EFII
$29.9M 0.58%
661,109
-71,113
-10% -$2.87M
2013 Q2
4 quarters
CSGS icon
55
DELISTED
CSG Systems International
CSGS
$29.5M 0.57%
1,130,753
+102,454
+10% +$2.67M
2013 Q4
2 quarters
DAR icon
56
Darling Ingredients
DAR
$9.84B
$28.8M 0.56%
1,379,021
+44,174
+3% +$891K
2013 Q2
4 quarters
TFX icon
57
Teleflex
TFX
$5.22B
$28.6M 0.55%
270,465
-99,227
-27% -$10.4M
2013 Q2
4 quarters
H icon
58
Hyatt Hotels
H
$15.1B
$28.3M 0.55%
464,262
+899
+0.2% +$51.8K
2013 Q2
4 quarters
SXC icon
59
SunCoke Energy
SXC
$860M
$28.3M 0.55%
1,314,216
-117,700
-8% -$2.47M
2013 Q4
2 quarters
CBSH icon
60
Commerce Bancshares
CBSH
$7.81B
$25.8M 0.5%
996,998
+164,461
+20% +$4.07M
2013 Q2
4 quarters
FWONA icon
61
Liberty Media Corporation Series A Common Stock
FWONA
$20.8B
$25.6M 0.49%
1,053,096
-114,853
-10% -$2.63M
2013 Q2
4 quarters
EPAC icon
62
Enerpac Tool Group
EPAC
$1.78B
$25.5M 0.49%
739,062
+303,852
+70% +$10.5M
2014 Q1
1 quarter
SCL icon
63
Stepan Co
SCL
$1.41B
$25.3M 0.49%
478,486
-138,617
-22% -$7.78M
2013 Q2
4 quarters
NSIT icon
64
Insight Enterprises
NSIT
$4.87B
$24.9M 0.48%
811,329
-461,576
-36% -$12.8M
2013 Q3
3 quarters
WHG icon
65
Westwood Holdings Group
WHG
$183M
$24.9M 0.48%
414,877
– –
2013 Q2
4 quarters
ALG icon
66
Alamo Group
ALG
$1.87B
$24.1M 0.46%
444,650
-15,351
-3% -$822K
2013 Q2
4 quarters
PDCO icon
67
DELISTED
Patterson Companies, Inc.
PDCO
$23.8M 0.46%
+603,465
New +$24.4M
2014 Q2
0 quarters
PDS icon
68
Precision Drilling
PDS
$1.07B
$22.8M 0.44%
80,414
-18,665
-19% -$4.81M
2013 Q2
4 quarters
ACGL icon
69
Arch Capital
ACGL
$33.3B
$22.6M 0.44%
1,179,567
-250,005
-17% -$4.76M
2013 Q2
4 quarters
PHH
70
DELISTED
PHH Corporation
PHH
$22.4M 0.43%
974,903
+20,178
+2% +$478K
2014 Q1
1 quarter
BRS
71
DELISTED
Bristow Group, Inc.
BRS
$22.3M 0.43%
276,667
-33,655
-11% -$2.56M
2013 Q2
4 quarters
MAGN icon
72
Magnera Corp
MAGN
$377M
$22.1M 0.43%
64,095
-4,685
-7% -$1.6M
2013 Q2
4 quarters
ICFI icon
73
ICF International
ICFI
$1.55B
$22.1M 0.43%
624,812
+41,946
+7% +$1.58M
2013 Q2
4 quarters
MANT
74
DELISTED
Mantech International Corp
MANT
$22M 0.42%
745,371
-118,269
-14% -$3.49M
2013 Q2
4 quarters
CUB icon
75
DELISTED
Cubic Corporation
CUB
$20.7M 0.4%
464,738
+51,727
+13% +$2.47M
2013 Q2
4 quarters
1 2
3
4 5

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CWM
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LWP
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FGA
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APM
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Third Avenue Management's Q2 2014 Portfolio in Review

As of Q2 2014, Third Avenue Management held 171 positions worth $5.18B, up 0.42% from $5.16B the previous quarter. Its ten largest holdings account for 32% of the portfolio.

Third Avenue Management withdrew a net $232M in Q2 2014, closing 20 positions and reducing 72 holdings. Its most notable exit was Compass Minerals, an estimated $38.3M position sold in full.

By sector, the portfolio is most concentrated in Financials at 23% of assets, down from 24% a quarter earlier, followed by Real Estate and Industrials.

Against the trend, Third Avenue Management opened a new position in AGCO worth $56.6M.

  • Third Avenue Management's largest Q2 2014 buy was AGCO: 1,006,478 shares worth $56.6M.
  • Third Avenue Management added most to Weyerhaeuser in Q2 2014, an estimated $85.7M increase.
  • Third Avenue Management's biggest Q2 2014 reduction was Devon Energy, cutting an estimated $35.8M.
  • Third Avenue Management fully exited Compass Minerals in Q2 2014, selling an estimated $38.3M.
  • Third Avenue Management's ten largest holdings make up 32% of its $5.18B portfolio in Q2 2014.
  • Third Avenue Management opened 14 new positions and closed 20 in Q2 2014.
  • Third Avenue Management's portfolio value rose 0.42% quarter-over-quarter to $5.18B.

Based on Third Avenue Management's 13F filing for Q2 2014, filed 14 Aug 2014.