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
+8.2%
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
$2.21B
AUM Growth
+$24.2M
(+1.1%)
Cap. Flow
-$103M
Cap. Flow
% of AUM
-4.67%
Top 10 Holdings %
Top 10 Hldgs %
45.23%
Holding
118
New
8
Increased
13
Reduced
85
Closed
4
Avg Time Held
2.2
years
Top 10 Avg Time Held
2
years
Top 20 Avg Time Held
2
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Lennar Class A
LEN
|
+$83.6M |
| 2 |
Trinity Place Holdings Inc.com
TPHS
|
+$40.6M |
| 3 |
CERN
Cerner Corp
CERN
|
+$21.7M |
| 4 |
PKY
Parkway, Inc.
PKY
|
+$19.8M |
| 5 |
Amgen
AMGN
|
+$11.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Zions Bancorporation
ZION
|
+$47.5M |
| 2 |
PNC Financial Services Group Inc
PNC.WS
|
+$42.3M |
| 3 |
Macerich
MAC
|
+$36.4M |
| 4 |
Comerica
CMA
|
+$29.7M |
| 5 |
AXE
Anixter International Inc
AXE
|
+$25.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Real Estate | 27.18% |
| 2 | Financials | 27.14% |
| 3 | Consumer Discretionary | 14.04% |
| 4 | Industrials | 11.54% |
| 5 | Healthcare | 5.73% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
51
World Kinect Corp
WKC
$1.88B
| $6.93M | 0.31% |
151,019
+16,340
| +12% | +$728K |
2013 Q4
12 quarters
|
|
52
Alamo Group
ALG
$1.87B
| $6.54M | 0.3% |
86,006
-10,296
| -11% | -$723K |
2013 Q2
14 quarters
|
|
53
Tetra Tech
TTEK
$8.61B
| $6.44M | 0.29% |
746,220
-3,235
| -0.4% | -$26.1K |
2013 Q2
14 quarters
|
|
54
FTI Consulting
FCN
$3.87B
| $6.33M | 0.29% |
140,392
-13,143
| -9% | -$571K |
2013 Q3
13 quarters
|
|
55
Arcos Dorados Holdings
ARCO
$1.66B
| $6.28M | 0.28% |
1,195,462
-23,565
| -2% | -$134K |
2014 Q2
10 quarters
|
|
56
Emcor
EME
$32.9B
| $6.2M | 0.28% |
87,607
-39,580
| -31% | -$2.59M |
2013 Q2
14 quarters
|
|
57
Dorman Products
DORM
$3.62B
| $5.95M | 0.27% |
81,500
-18,190
| -18% | -$1.24M |
2015 Q1
7 quarters
|
|
58
Valley National Bancorp
VLY
$6.86B
| $5.92M | 0.27% |
508,775
-2,108
| -0.4% | -$22.5K |
2013 Q2
14 quarters
|
|
59
Pursuit Attractions and Hospitality Inc
PRSU
$1.45B
| $5.62M | 0.25% |
127,533
-16,499
| -11% | -$682K |
2014 Q4
8 quarters
|
|
60
CSW Industrials
CSW
$4.7B
| $5.54M | 0.25% |
150,348
| – | – |
2016 Q1
3 quarters
|
|
61
Urban One Class D
UONEK
$17.6M
| $5.53M | 0.25% |
190,637
-22,142
| -10% | -$615K |
2013 Q4
12 quarters
|
|
62
DELISTED
VCA Inc.
WOOF
| $5.52M | 0.25% |
80,458
-336
| -0.4% | -$21.9K |
2013 Q4
12 quarters
|
|
|
SYNT
63
DELISTED
Syntel Inc
SYNT
| $5.5M | 0.25% |
278,106
+160,418
| +136% | +$3.45M |
2013 Q2
14 quarters
|
|
64
Kirby Corp
KEX
$7.28B
| $5.49M | 0.25% |
82,600
-21,775
| -21% | -$1.38M |
2015 Q4
4 quarters
|
|
65
Genpact
G
$5.91B
| $5.39M | 0.24% |
221,666
+13,470
| +6% | +$321K |
2014 Q1
11 quarters
|
|
66
Comfort Systems
FIX
$54.3B
| $5.37M | 0.24% |
161,375
-683
| -0.4% | -$21.3K |
2016 Q3
1 quarter
|
|
67
1-800-Flowers.com
FLWS
$177M
| $5.37M | 0.24% |
501,564
-33,740
| -6% | -$340K |
2015 Q2
6 quarters
|
|
|
DST
68
DELISTED
DST Systems Inc.
DST
| $5.17M | 0.23% |
96,600
+7,454
| +8% | +$393K |
2015 Q3
5 quarters
|
|
69
Standard Motor Products
SMP
$810M
| $5.1M | 0.23% |
95,747
-58,246
| -38% | -$2.92M |
2014 Q2
10 quarters
|
|
70
DELISTED
Barnes Group Inc.
B
| $4.94M | 0.22% |
104,200
-421
| -0.4% | -$18.3K |
2014 Q4
8 quarters
|
|
71
DELISTED
SP Plus Corporation
SP
| $4.77M | 0.22% |
169,423
+46,974
| +38% | +$1.25M |
2016 Q3
1 quarter
|
|
|
CBM
72
DELISTED
Cambrex Corporation
CBM
| $4.51M | 0.2% |
83,585
-354
| -0.4% | -$17K |
2016 Q1
3 quarters
|
|
73
Vail Resorts
MTN
$5.33B
| $4.35M | 0.2% |
26,939
-109
| -0.4% | -$17.3K |
2013 Q2
14 quarters
|
|
74
Unifirst Corp
UNF
$4.67B
| $4.3M | 0.19% |
29,910
-9,351
| -24% | -$1.27M |
2013 Q2
14 quarters
|
|
75
CNH Industrial
CNH
$19.3B
| $4.26M | 0.19% |
563,125
-51,003
| -8% | -$357K |
2015 Q2
6 quarters
|
|
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Third Avenue Management's Q4 2016 Portfolio in Review
As of Q4 2016, Third Avenue Management held 118 positions worth $2.21B, up 1.1% from $2.18B the previous quarter. Its ten largest holdings account for 45% of the portfolio.
Third Avenue Management withdrew a net $103M in Q4 2016, closing 4 positions and reducing 85 holdings. Its most notable exit was Ingram Micro, an estimated $3.95M position sold in full.
By sector, the portfolio is most concentrated in Real Estate at 27% of assets, down from 29% a quarter earlier, followed by Financials and Consumer Discretionary.
Against the trend, Third Avenue Management opened a new position in Cerner Corp worth $19.4M.
- Third Avenue Management's largest Q4 2016 buy was Cerner Corp: 408,707 shares worth $19.4M.
- Third Avenue Management added most to Lennar Class A in Q4 2016, an estimated $83.6M increase.
- Third Avenue Management's biggest Q4 2016 reduction was Zions Bancorporation, cutting an estimated $47.5M.
- Third Avenue Management fully exited Ingram Micro in Q4 2016, selling an estimated $3.95M.
- Third Avenue Management's ten largest holdings make up 45% of its $2.21B portfolio in Q4 2016.
- Third Avenue Management opened 8 new positions and closed 4 in Q4 2016.
- Third Avenue Management's portfolio value rose 1.1% quarter-over-quarter to $2.21B.
Based on Third Avenue Management's 13F filing for Q4 2016, filed 13 Feb 2017.