We are live on
!
Find out more
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
+4.09%
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
$1.01B
AUM Growth
-$96.9M
(-8.7%)
Cap. Flow
-$137M
Cap. Flow
% of AUM
-13.56%
Top 10 Holdings %
Top 10 Hldgs %
53.8%
Holding
59
New
2
Increased
15
Reduced
25
Closed
2
Avg Time Held
3.6
years
Top 10 Avg Time Held
2.6
years
Top 20 Avg Time Held
2.9
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Howard Hughes
HHH
|
+$13.1M |
| 2 |
Macerich
MAC
|
+$7.12M |
| 3 |
Five Point Holdings
FPH
|
+$4.71M |
| 4 |
U-Haul Holding Co
UHAL
|
+$1.85M |
| 5 |
CTB
Cooper Tire & Rubber Co.
CTB
|
+$1.43M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Brookfield
BN
|
+$28.4M |
| 2 |
Lowe's Companies
LOW
|
+$23.9M |
| 3 |
PNC Financial Services
PNC
|
+$20.2M |
| 4 |
Rayonier
RYN
|
+$16.9M |
| 5 |
Weyerhaeuser
WY
|
+$16.1M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Real Estate | 42.33% |
| 2 | Financials | 17.04% |
| 3 | Consumer Discretionary | 14.65% |
| 4 | Industrials | 12.43% |
| 5 | Materials | 5.71% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
51
Century Communities
CCS
$1.58B
| $1.09M | 0.11% |
40,000
| – | – |
2014 Q3
21 quarters
|
|
52
State Street SPDR S&P 500 ETF Trust
SPY
$815B
| $1.08M | 0.11% |
+3,365
| New | +$1.04M |
2019 Q4
0 quarters
|
|
|
WLH
53
DELISTED
WILLIAM LYON HOMES
WLH
| $800K | 0.08% |
40,000
| – | – |
2018 Q4
4 quarters
|
|
54
Green Brick Partners
GRBK
$2.67B
| $689K | 0.07% |
60,000
| – | – |
2018 Q2
6 quarters
|
|
|
CTT
55
DELISTED
CATCHMARK TIMBER TRUST, INC.
CTT
| $528K | 0.05% |
45,961
-34,039
| -43% | -$388K |
2015 Q3
17 quarters
|
|
56
DELISTED
Jernigan Capital, Inc.
JCAP
| $383K | 0.04% |
20,000
| – | – |
2018 Q2
6 quarters
|
|
|
RESI
57
DELISTED
Front Yard Residential Corporation Common Stock
RESI
| $318K | 0.03% |
25,728
-64,272
| -71% | -$763K |
2018 Q2
6 quarters
|
|
|
58
Lowe's Companies
LOW
$110B
| – | – |
-217,258
| Closed | -$23.9M | – |
|
59
Tejon Ranch
TRC
$447M
| – | – |
-686,108
| Closed | -$11.6M | – |
|
Similar funds
RIP
B
CWM
LWP
FGA
BVC
APM
PIM
Third Avenue Management's Q4 2019 Portfolio in Review
As of Q4 2019, Third Avenue Management held 59 positions worth $1.01B, down 8.7% from $1.11B the previous quarter. Its ten largest holdings account for 54% of the portfolio.
Third Avenue Management withdrew a net $137M in Q4 2019, closing 2 positions and reducing 25 holdings. Its most notable exit was Lowe's Companies, an estimated $23.9M position sold in full.
By sector, the portfolio is most concentrated in Real Estate at 42% of assets, up from 41% a quarter earlier, followed by Financials and Consumer Discretionary.
Against the trend, Third Avenue Management opened a new position in Howard Hughes worth $14.3M.
- Third Avenue Management's largest Q4 2019 buy was Howard Hughes: 118,306 shares worth $14.3M.
- Third Avenue Management added most to Macerich in Q4 2019, an estimated $7.12M increase.
- Third Avenue Management's biggest Q4 2019 reduction was Brookfield, cutting an estimated $28.4M.
- Third Avenue Management fully exited Lowe's Companies in Q4 2019, selling an estimated $23.9M.
- Third Avenue Management's ten largest holdings make up 54% of its $1.01B portfolio in Q4 2019.
- Third Avenue Management opened 2 new positions and closed 2 in Q4 2019.
- Third Avenue Management's portfolio value fell 8.7% quarter-over-quarter to $1.01B.
Based on Third Avenue Management's 13F filing for Q4 2019, filed 13 Feb 2020.