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
+18.3%
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
$714M
AUM Growth
+$37.4M
(+5.5%)
Cap. Flow
-$57.3M
Cap. Flow
% of AUM
-8.03%
Top 10 Holdings %
Top 10 Hldgs %
49.56%
Holding
69
New
2
Increased
13
Reduced
27
Closed
4
Avg Time Held
3.1
years
Top 10 Avg Time Held
2.5
years
Top 20 Avg Time Held
2.3
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
American Homes 4 Rent
AMH
|
+$10M |
| 2 |
Old Republic International
ORI
|
+$5.07M |
| 3 |
Comerica
CMA
|
+$3.67M |
| 4 |
Washington Trust Bancorp
WASH
|
+$2.15M |
| 5 |
UMB Financial
UMBF
|
+$1.34M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Lennar Class A
LEN
|
+$14M |
| 2 |
Public Storage
PSA
|
+$12.2M |
| 3 |
Brookfield
BN
|
+$7.51M |
| 4 |
Lennar Class B
LEN.B
|
+$6.93M |
| 5 |
Customers Bancorp
CUBI
|
+$5.55M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Real Estate | 43.29% |
| 2 | Consumer Discretionary | 16.5% |
| 3 | Financials | 15.7% |
| 4 | Industrials | 12.15% |
| 5 | Materials | 6.61% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
51
Dorman Products
DORM
$3.67B
| $2.92M | 0.41% |
43,600
| – | – |
2015 Q1
21 quarters
|
|
52
Atlanta Braves Holdings Series A
BATRA
$3.51B
| $2.46M | 0.35% |
122,715
+54,000
| +79% | +$1.1M |
2020 Q1
1 quarter
|
|
53
Carter Bankshares
CARE
$702M
| $2.17M | 0.3% |
268,982
| – | – |
2019 Q1
5 quarters
|
|
|
54
Washington Trust Bancorp
WASH
$707M
| $2.16M | 0.3% |
+65,834
| New | +$2.15M |
2020 Q2
0 quarters
|
|
55
Green Brick Partners
GRBK
$2.67B
| $948K | 0.13% |
80,000
| – | – |
2018 Q2
8 quarters
|
|
56
NexPoint Residential Trust
NXRT
$474M
| $814K | 0.11% |
23,000
| – | – |
2020 Q1
1 quarter
|
|
|
57
Customers Bancorp
CUBI
$2.51B
| $762K | 0.11% |
63,347
-497,774
| -89% | -$5.55M |
2018 Q4
6 quarters
|
|
58
DELISTED
Jernigan Capital, Inc.
JCAP
| $665K | 0.09% |
48,582
| – | – |
2018 Q2
8 quarters
|
|
59
DELISTED
Retail Opportunity Investments Corp.
ROIC
| $624K | 0.09% |
55,000
| – | – |
2020 Q1
1 quarter
|
|
60
DELISTED
PotlatchDeltic
PCH
| $609K | 0.09% |
16,000
| – | – |
2020 Q1
1 quarter
|
|
|
CIO
61
DELISTED
City Office REIT
CIO
| $554K | 0.08% |
55,000
| – | – |
2020 Q1
1 quarter
|
|
62
Stewart Information Services
STC
$1.59B
| $553K | 0.08% |
17,000
| – | – |
2020 Q1
1 quarter
|
|
63
DELISTED
Monmouth Real Estate Investment Corp
MNR
| $435K | 0.06% |
30,000
| – | – |
2020 Q1
1 quarter
|
|
64
The RMR Group
RMR
$319M
| $413K | 0.06% |
14,000
| – | – |
2020 Q1
1 quarter
|
|
65
CTO Realty Growth
CTO
$772M
| $316K | 0.04% |
29,472
| – | – |
2020 Q1
1 quarter
|
|
66
Genpact
G
$6.29B
| – | – |
-85,591
| Closed | -$2.5M | – |
|
67
iShares US Real Estate ETF
IYR
$4.16B
| – | – |
-9,000
| Closed | -$627K | – |
|
68
SEACOR Marine Holdings
SMHI
$219M
| – | – |
-358,074
| Closed | -$1.57M | – |
|
|
RESI
69
DELISTED
Front Yard Residential Corporation Common Stock
RESI
| – | – |
-30,000
| Closed | -$359K | – |
|
Similar funds
RIP
B
CWM
LWP
FGA
BVC
APM
PIM
Third Avenue Management's Q2 2020 Portfolio in Review
As of Q2 2020, Third Avenue Management held 69 positions worth $714M, up 5.5% from $676M the previous quarter. Its ten largest holdings account for 50% of the portfolio.
Third Avenue Management withdrew a net $57.3M in Q2 2020, closing 4 positions and reducing 27 holdings. Its most notable exit was Genpact, an estimated $2.5M position sold in full.
By sector, the portfolio is most concentrated in Real Estate at 43% of assets, down from 46% a quarter earlier, followed by Consumer Discretionary and Financials.
Against the trend, Third Avenue Management opened a new position in American Homes 4 Rent worth $10.8M.
- Third Avenue Management's largest Q2 2020 buy was American Homes 4 Rent: 402,492 shares worth $10.8M.
- Third Avenue Management added most to Old Republic International in Q2 2020, an estimated $5.07M increase.
- Third Avenue Management's biggest Q2 2020 reduction was Lennar Class A, cutting an estimated $14M.
- Third Avenue Management fully exited Genpact in Q2 2020, selling an estimated $2.5M.
- Third Avenue Management's ten largest holdings make up 50% of its $714M portfolio in Q2 2020.
- Third Avenue Management opened 2 new positions and closed 4 in Q2 2020.
- Third Avenue Management's portfolio value rose 5.5% quarter-over-quarter to $714M.
Based on Third Avenue Management's 13F filing for Q2 2020, filed 14 Aug 2020.