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
-2.19%
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
$3.97B
AUM Growth
-$15M
Cap. Flow
+$92.3M
Cap. Flow %
2.32%
Top 10 Hldgs %
39.43%
Holding
141
New
8
Increased
30
Reduced
37
Closed
12
Avg Time Held
1.5 years
Top 10 Avg Time Held
1 year
Top 20 Avg Time Held
1.5 years

Top Buys

Rank Stock Value
1
MAC icon
Macerich
MAC
+$88.1M
2
RYN icon
Rayonier
RYN
+$46.4M
3
MAS icon
Masco
MAS
+$46.3M
4
VNO icon
Vornado Realty Trust
VNO
+$35.3M
5
WY icon
Weyerhaeuser
WY
+$29.1M

Top Sells

Rank Stock Value
1
SFR
Starwood Waypoint Homes
SFR
+$68.3M
2
VMI icon
Valmont Industries
VMI
+$23M
3
KEY icon
KeyCorp
KEY
+$18.2M
4
BNY icon
Bank of New York Mellon
BNY
+$13.7M
5
DVN icon
Devon Energy
DVN
+$13.2M

Sector Composition

Rank Sector Weight
1 Real Estate 33.57%
2 Financials 23.73%
3 Consumer Discretionary 8.7%
4 Industrials 8.42%
5 Energy 5.13%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow Held Since
CBSH icon
51
Commerce Bancshares
CBSH
$7.81B
$9.32M 0.23%
340,734
– –
2013 Q2
8 quarters
EME icon
52
Emcor
EME
$32.9B
$9.23M 0.23%
193,169
-53,031
-22% -$2.47M
2013 Q2
8 quarters
UMBF icon
53
UMB Financial
UMBF
$9.79B
$9.12M 0.23%
159,873
– –
2013 Q2
8 quarters
G icon
54
Genpact
G
$5.91B
$9.08M 0.23%
425,805
– –
2014 Q1
5 quarters
PRGS icon
55
Progress Software
PRGS
$1.58B
$8.99M 0.23%
327,067
-23,800
-7% -$634K
2013 Q2
8 quarters
SYNT
56
DELISTED
Syntel Inc
SYNT
$8.95M 0.23%
188,413
-51,545
-21% -$2.46M
2013 Q2
8 quarters
KALU icon
57
Kaiser Aluminum
KALU
$2.42B
$8.94M 0.22%
107,583
– –
2013 Q2
8 quarters
ALG icon
58
Alamo Group
ALG
$1.87B
$8.88M 0.22%
162,499
-11,423
-7% -$656K
2013 Q2
8 quarters
LM
59
DELISTED
Legg Mason, Inc.
LM
$8.53M 0.21%
165,614
– –
2013 Q4
6 quarters
NSIT icon
60
Insight Enterprises
NSIT
$4.87B
$8.48M 0.21%
283,602
– –
2013 Q3
7 quarters
HYI icon
61
Western Asset High Yield Opportunity Fund Inc
HYI
$123M
$8.47M 0.21%
550,250
+10,964
+2% +$178K
2013 Q3
7 quarters
MDRX
62
DELISTED
Veradigm Inc. Common Stock
MDRX
$8.43M 0.21%
615,859
– –
2013 Q2
8 quarters
WOOF icon
63
DELISTED
VCA Inc.
WOOF
$8.37M 0.21%
153,881
– –
2013 Q4
6 quarters
ABM icon
64
ABM Industries
ABM
$2.97B
$7.91M 0.2%
240,557
– –
2013 Q2
8 quarters
PRSU icon
65
Pursuit Attractions and Hospitality Inc
PRSU
$1.45B
$7.76M 0.2%
286,256
– –
2014 Q4
2 quarters
MTN icon
66
Vail Resorts
MTN
$5.33B
$7.75M 0.19%
70,947
– –
2013 Q2
8 quarters
SEMG icon
67
DELISTED
SEMGROUP CORPORATION
SEMG
$7.7M 0.19%
96,825
– –
2013 Q2
8 quarters
TFX icon
68
Teleflex
TFX
$5.22B
$7.59M 0.19%
56,069
– –
2013 Q2
8 quarters
CSWC icon
69
Capital Southwest
CSWC
$1.49B
$7.51M 0.19%
409,548
– –
2013 Q2
8 quarters
UONEK icon
70
Urban One Class D
UONEK
$17.6M
$7.33M 0.18%
231,136
– –
2013 Q4
6 quarters
ARCO icon
71
Arcos Dorados Holdings
ARCO
$1.66B
$7.27M 0.18%
1,419,941
-81,891
-5% -$458K
2014 Q2
4 quarters
SMP icon
72
Standard Motor Products
SMP
$810M
$7.24M 0.18%
206,065
– –
2014 Q2
4 quarters
PDCO icon
73
DELISTED
Patterson Companies, Inc.
PDCO
$7.06M 0.18%
145,133
-44,419
-23% -$2.12M
2014 Q2
4 quarters
DORM icon
74
Dorman Products
DORM
$3.62B
$7.06M 0.18%
148,133
+25,681
+21% +$1.25M
2015 Q1
1 quarter
VLY icon
75
Valley National Bancorp
VLY
$6.86B
$6.94M 0.17%
672,934
– –
2013 Q2
8 quarters
1 2
3
4 5

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Third Avenue Management's Q2 2015 Portfolio in Review

As of Q2 2015, Third Avenue Management held 141 positions worth $3.97B, down 0.38% from $3.99B the previous quarter. Its ten largest holdings account for 39% of the portfolio.

Third Avenue Management's Q2 2015 filing shows 8 new, 30 increased, 37 reduced and 12 closed positions. Its largest new stake was Masco: 1,955,858 shares worth $45.8M. The largest sale was Starwood Waypoint Homes, an estimated $68.3M.

By sector, the portfolio is most concentrated in Real Estate at 34% of assets, up from 32% a quarter earlier, followed by Financials and Consumer Discretionary.

  • Third Avenue Management's largest Q2 2015 buy was Masco: 1,955,858 shares worth $45.8M.
  • Third Avenue Management added most to Macerich in Q2 2015, an estimated $88.1M increase.
  • Third Avenue Management's biggest Q2 2015 reduction was Valmont Industries, cutting an estimated $23M.
  • Third Avenue Management fully exited Starwood Waypoint Homes in Q2 2015, selling an estimated $68.3M.
  • Third Avenue Management's ten largest holdings make up 39% of its $3.97B portfolio in Q2 2015.
  • Third Avenue Management opened 8 new positions and closed 12 in Q2 2015.
  • Third Avenue Management's portfolio value fell 0.38% quarter-over-quarter to $3.97B.

Based on Third Avenue Management's 13F filing for Q2 2015, filed 14 Aug 2015.