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
+2.65%
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
$2.25B
AUM Growth
+$59.8M
Cap. Flow
+$12.3M
Cap. Flow %
0.55%
Top 10 Hldgs %
48.21%
Holding
121
New
9
Increased
20
Reduced
61
Closed
6
Avg Time Held
2.3 years
Top 10 Avg Time Held
2.5 years
Top 20 Avg Time Held
2.2 years

Top Buys

Rank Stock Value
1
FPH icon
Five Point Holdings
FPH
+$37.6M
2
RS icon
Reliance Steel & Aluminium
RS
+$23.5M
3
AVT icon
Avnet
AVT
+$9.21M
4
EOG icon
EOG Resources
EOG
+$7.62M
5
DB icon
Deutsche Bank
DB
+$7.08M

Top Sells

Rank Stock Value
1
WTM icon
White Mountains Insurance
WTM
+$27.2M
2
CVCO icon
Cavco Industries
CVCO
+$9.62M
3
WY icon
Weyerhaeuser
WY
+$9.01M
4
LOW icon
Lowe's Companies
LOW
+$6.78M
5
DVN icon
Devon Energy
DVN
+$5.43M

Sector Composition

Rank Sector Weight
1 Real Estate 29.67%
2 Financials 26.6%
3 Consumer Discretionary 14.15%
4 Industrials 10%
5 Healthcare 6.69%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow Held Since
KALU icon
51
Kaiser Aluminum
KALU
$2.42B
$6.16M 0.27%
69,578
+8,100
+13% +$672K
2013 Q2
16 quarters
CUB icon
52
DELISTED
Cubic Corporation
CUB
$6.12M 0.27%
132,204
-32,900
-20% -$1.58M
2013 Q2
16 quarters
UMBF icon
53
UMB Financial
UMBF
$9.79B
$6.09M 0.27%
81,391
-15,300
-16% -$1.12M
2013 Q2
16 quarters
TNET icon
54
TriNet
TNET
$3.08B
$6.07M 0.27%
185,400
– –
2016 Q4
2 quarters
SP icon
55
DELISTED
SP Plus Corporation
SP
$6.06M 0.27%
198,423
+29,000
+17% +$901K
2016 Q3
3 quarters
TTEK icon
56
Tetra Tech
TTEK
$8.61B
$6.01M 0.27%
657,220
-89,000
-12% -$793K
2013 Q2
16 quarters
FIX icon
57
Comfort Systems
FIX
$54.3B
$5.99M 0.27%
161,375
– –
2016 Q3
3 quarters
PB icon
58
Prosperity Bancshares
PB
$8.02B
$5.98M 0.27%
93,046
-6,000
-6% -$395K
2014 Q1
13 quarters
NSIT icon
59
Insight Enterprises
NSIT
$4.87B
$5.91M 0.26%
147,700
– –
2013 Q3
15 quarters
CSW icon
60
CSW Industrials
CSW
$4.7B
$5.81M 0.26%
150,348
– –
2016 Q1
5 quarters
DST
61
DELISTED
DST Systems Inc.
DST
$5.74M 0.26%
93,000
-7,200
-7% -$439K
2015 Q3
7 quarters
CFR icon
62
Cullen/Frost Bankers
CFR
$9.42B
$5.71M 0.25%
60,800
-5,600
-8% -$517K
2013 Q2
16 quarters
TPH icon
63
DELISTED
Tri Pointe Homes
TPH
$5.42M 0.24%
410,900
+203,200
+98% +$2.53M
2017 Q1
1 quarter
EME icon
64
Emcor
EME
$32.9B
$5.37M 0.24%
82,107
– –
2013 Q2
16 quarters
B icon
65
DELISTED
Barnes Group Inc.
B
$5.34M 0.24%
91,200
-13,000
-12% -$718K
2014 Q4
10 quarters
WOOF icon
66
DELISTED
VCA Inc.
WOOF
$5.28M 0.23%
57,158
-23,300
-29% -$2.14M
2013 Q4
14 quarters
G icon
67
Genpact
G
$5.91B
$5.25M 0.23%
188,766
-65,600
-26% -$1.7M
2014 Q1
13 quarters
ALG icon
68
Alamo Group
ALG
$1.87B
$5.17M 0.23%
56,906
-12,600
-18% -$1.05M
2013 Q2
16 quarters
PRSU icon
69
Pursuit Attractions and Hospitality Inc
PRSU
$1.45B
$5.12M 0.23%
108,235
-900
-0.8% -$40.3K
2014 Q4
10 quarters
GIII icon
70
G-III Apparel Group
GIII
$1.18B
$4.86M 0.22%
194,701
– –
2016 Q2
4 quarters
FCN icon
71
FTI Consulting
FCN
$3.87B
$4.76M 0.21%
136,292
-4,100
-3% -$150K
2013 Q3
15 quarters
TILE icon
72
Interface
TILE
$2.03B
$4.75M 0.21%
241,920
– –
2016 Q1
5 quarters
FNSR
73
DELISTED
Finisar Corp
FNSR
$4.74M 0.21%
+182,400
New +$4.54M
2017 Q2
0 quarters
SYNA icon
74
Synaptics
SYNA
$4.66B
$4.72M 0.21%
91,307
+5,400
+6% +$295K
2016 Q4
2 quarters
HAYN icon
75
DELISTED
Haynes International, Inc.
HAYN
$4.62M 0.21%
+127,187
New +$4.78M
2017 Q2
0 quarters
1 2
3
4 5

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Third Avenue Management's Q2 2017 Portfolio in Review

As of Q2 2017, Third Avenue Management held 121 positions worth $2.25B, up 2.7% from $2.19B the previous quarter. Its ten largest holdings account for 48% of the portfolio.

Third Avenue Management's Q2 2017 filing shows 9 new, 20 increased, 61 reduced and 6 closed positions. Its largest new stake was Five Point Holdings: 2,466,661 shares worth $36.4M. The largest sale was White Mountains Insurance, an estimated $27.2M.

By sector, the portfolio is most concentrated in Real Estate at 30% of assets, up from 29% a quarter earlier, followed by Financials and Consumer Discretionary.

  • Third Avenue Management's largest Q2 2017 buy was Five Point Holdings: 2,466,661 shares worth $36.4M.
  • Third Avenue Management added most to Avnet in Q2 2017, an estimated $9.21M increase.
  • Third Avenue Management's biggest Q2 2017 reduction was White Mountains Insurance, cutting an estimated $27.2M.
  • Third Avenue Management fully exited Teleflex in Q2 2017, selling an estimated $4.46M.
  • Third Avenue Management's ten largest holdings make up 48% of its $2.25B portfolio in Q2 2017.
  • Third Avenue Management opened 9 new positions and closed 6 in Q2 2017.
  • Third Avenue Management's portfolio value rose 2.7% quarter-over-quarter to $2.25B.

Based on Third Avenue Management's 13F filing for Q2 2017, filed 14 Aug 2017.