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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
+3.83%
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
$2.25B
AUM Growth
-$350M
Cap. Flow
-$418M
Cap. Flow %
-18.6%
Top 10 Hldgs %
46.17%
Holding
122
New
8
Increased
10
Reduced
59
Closed
8

Top Buys

Rank Stock Value
1
JCI icon
Johnson Controls International
JCI
+$25.4M
2
AMGN icon
Amgen
AMGN
+$21.1M
3
LIVN icon
LivaNova
LIVN
+$13.5M
4
HAR
Harman International Industries
HAR
+$9.48M
5
SHPG
Shire pic
SHPG
+$8.64M

Top Sells

Rank Stock Value
1
EQC
Equity Commonwealth
EQC
+$51.6M
2
SKT icon
Tanger
SKT
+$49.2M
3
PPS
Post Properties
PPS
+$47.7M
4
FR icon
First Industrial Realty Trust
FR
+$32.7M
5
GEN icon
Gen Digital
GEN
+$27.8M

Sector Composition

Rank Sector Weight
1 Real Estate 31.28%
2 Financials 27.23%
3 Consumer Discretionary 11.52%
4 Industrials 11.37%
5 Healthcare 4.49%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
EME icon
51
Emcor
EME
$34B
$6.26M 0.28%
127,187
– –
TFX icon
52
Teleflex
TFX
$5.82B
$6.16M 0.27%
34,743
-3,714
-10% -$605K
SMP icon
53
Standard Motor Products
SMP
$838M
$6.12M 0.27%
153,870
-17,800
-10% -$652K
PRSU
54
Pursuit Attractions and Hospitality Inc
PRSU
$1.39B
$6.07M 0.27%
195,838
-20,400
-9% -$625K
NTCT icon
55
NETSCOUT
NTCT
$2.84B
$6.01M 0.27%
+270,281
New +$6.26M
CZZ
56
DELISTED
Cosan Limited
CZZ
$5.87M 0.26%
902,110
-278,136
-24% -$1.54M
WKC icon
57
World Kinect Corp
WKC
$1.88B
$5.86M 0.26%
123,282
– –
NSIT icon
58
Insight Enterprises
NSIT
$3.51B
$5.73M 0.25%
220,515
-77,600
-26% -$2.07M
DORM icon
59
Dorman Products
DORM
$3.93B
$5.7M 0.25%
99,690
-10,038
-9% -$539K
G icon
60
Genpact
G
$5.11B
$5.59M 0.25%
208,196
-84,146
-29% -$2.31M
KEX icon
61
Kirby Corp
KEX
$7.97B
$5.56M 0.25%
89,134
– –
SYNT
62
DELISTED
Syntel Inc
SYNT
$5.33M 0.24%
117,688
+5,438
+5% +$245K
FLWS icon
63
1-800-Flowers.com
FLWS
$262M
$5.3M 0.24%
587,823
-54,200
-8% -$430K
CFR icon
64
Cullen/Frost Bankers
CFR
$10.1B
$5.25M 0.23%
82,323
– –
PDCO
65
DELISTED
Patterson Companies, Inc.
PDCO
$5.24M 0.23%
109,335
– –
PB icon
66
Prosperity Bancshares
PB
$8.68B
$5.22M 0.23%
102,362
– –
DST
67
DELISTED
DST Systems Inc.
DST
$5.19M 0.23%
89,146
– –
CSW
68
CSW Industrials
CSW
$4.73B
$4.9M 0.22%
150,348
– –
TTEK icon
69
Tetra Tech
TTEK
$7.98B
$4.61M 0.2%
749,180
-601,645
-45% -$3.6M
UNF icon
70
Unifirst Corp
UNF
$5.25B
$4.54M 0.2%
39,261
– –
DBI icon
71
Designer Brands
DBI
$274M
$4.48M 0.2%
211,534
+36,157
+21% +$832K
MTN icon
72
Vail Resorts
MTN
$5.12B
$4.42M 0.2%
31,948
– –
KALU icon
73
Kaiser Aluminum
KALU
$3.02B
$4.35M 0.19%
48,157
– –
CST
74
DELISTED
CST Brands, Inc.
CST
$4.2M 0.19%
97,481
-50,202
-34% -$1.99M
GIII icon
75
G-III Apparel Group
GIII
$1.45B
$4.08M 0.18%
+89,353
New +$3.86M
1 2
3
4 5

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Third Avenue Management's Q2 2016 Portfolio in Review

As of Q2 2016, Third Avenue Management held 122 positions worth $2.25B, down 13% from $2.6B the previous quarter. Its ten largest holdings account for 46% of the portfolio.

Third Avenue Management withdrew a net $418M in Q2 2016, closing 8 positions and reducing 59 holdings. Its most notable exit was Equity Commonwealth, an estimated $51.6M position sold in full.

By sector, the portfolio is most concentrated in Real Estate at 31% of assets, down from 36% a quarter earlier, followed by Financials and Consumer Discretionary.

Against the trend, Third Avenue Management opened a new position in Johnson Controls International worth $26.8M.

  • Third Avenue Management's largest Q2 2016 buy was Johnson Controls International: 577,257 shares worth $26.8M.
  • Third Avenue Management added most to Harman International Industries in Q2 2016, an estimated $9.48M increase.
  • Third Avenue Management's biggest Q2 2016 reduction was Tanger, cutting an estimated $49.2M.
  • Third Avenue Management fully exited Equity Commonwealth in Q2 2016, selling an estimated $51.6M.
  • Third Avenue Management's ten largest holdings make up 46% of its $2.25B portfolio in Q2 2016.
  • Third Avenue Management opened 8 new positions and closed 8 in Q2 2016.
  • Third Avenue Management's portfolio value fell 13% quarter-over-quarter to $2.25B.

Based on Third Avenue Management's 13F filing for Q2 2016, filed 11 Aug 2016.