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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
+9.15%
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
$719M
AUM Growth
+$5.84M
Cap. Flow
-$40.8M
Cap. Flow %
-5.67%
Top 10 Hldgs %
49.75%
Holding
67
New
2
Increased
14
Reduced
29
Closed
3

Top Buys

Rank Stock Value
1
KFY icon
Korn Ferry
KFY
+$9.71M
2
WASH icon
Washington Trust Bancorp
WASH
+$3.36M
3
ORI icon
Old Republic International
ORI
+$2.67M
4
CMA
Comerica
CMA
+$1.83M
5
AMH icon
American Homes 4 Rent
AMH
+$1.68M

Top Sells

Rank Stock Value
1
PSA icon
Public Storage
PSA
+$7.34M
2
ESS icon
Essex Property Trust
ESS
+$7.17M
3
LEN.B icon
Lennar Class B
LEN.B
+$6.84M
4
HCC icon
Warrior Met Coal
HCC
+$4.82M
5
FIX icon
Comfort Systems
FIX
+$4.44M

Sector Composition

Rank Sector Weight
1 Real Estate 40.23%
2 Consumer Discretionary 19.06%
3 Financials 15.65%
4 Industrials 12.68%
5 Materials 6.33%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
BATRA icon
51
Atlanta Braves Holdings Series A
BATRA
$3.53B
$2.56M 0.36%
122,715
– –
MAC icon
52
Macerich
MAC
$7.32B
$2.55M 0.35%
374,972
– –
CARE icon
53
Carter Bankshares
CARE
$756M
$1.36M 0.19%
204,747
-64,235
-24% -$458K
HBB icon
54
Hamilton Beach Brands
HBB
$302M
$1.23M 0.17%
+63,027
New +$1.08M
NXRT
55
NexPoint Residential Trust
NXRT
$665M
$1.02M 0.14%
23,000
– –
PCH
56
DELISTED
PotlatchDeltic
PCH
$842K 0.12%
20,000
+4,000
+25% +$171K
ROIC
57
DELISTED
Retail Opportunity Investments Corp.
ROIC
$782K 0.11%
75,000
+20,000
+36% +$219K
STC icon
58
Stewart Information Services
STC
$2.05B
$744K 0.1%
17,000
– –
CTO
59
CTO Realty Growth
CTO
$743M
$662K 0.09%
55,260
+25,788
+88% +$288K
GRBK icon
60
Green Brick Partners
GRBK
$3.13B
$644K 0.09%
40,000
-40,000
-50% -$590K
CIO
61
DELISTED
City Office REIT
CIO
$527K 0.07%
70,000
+15,000
+27% +$130K
MNR
62
DELISTED
Monmouth Real Estate Investment Corp
MNR
$416K 0.06%
30,000
– –
RMR icon
63
The RMR Group
RMR
$342M
$385K 0.05%
14,000
– –
FCN icon
64
FTI Consulting
FCN
$4.82B
$11K ﹤0.01%
101
-32,990
-100% -$3.75M
CUBI icon
65
Customers Bancorp
CUBI
$2.59B
– –
-63,347
Closed -$762K
PSA icon
66
Public Storage
PSA
$60.2B
– –
-38,265
Closed -$7.34M
JCAP
67
DELISTED
Jernigan Capital, Inc.
JCAP
– –
-48,582
Closed -$665K
1 2
3

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DTL
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ACP
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MC
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BWP
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AMG
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Third Avenue Management's Q3 2020 Portfolio in Review

As of Q3 2020, Third Avenue Management held 67 positions worth $719M, up 0.82% from $714M the previous quarter. Its ten largest holdings account for 50% of the portfolio.

Third Avenue Management withdrew a net $40.8M in Q3 2020, closing 3 positions and reducing 29 holdings. Its most notable exit was Public Storage, an estimated $7.34M position sold in full.

By sector, the portfolio is most concentrated in Real Estate at 40% of assets, down from 43% a quarter earlier, followed by Consumer Discretionary and Financials.

Against the trend, Third Avenue Management opened a new position in Korn Ferry worth $9.53M.

  • Third Avenue Management's largest Q3 2020 buy was Korn Ferry: 328,473 shares worth $9.53M.
  • Third Avenue Management added most to Washington Trust Bancorp in Q3 2020, an estimated $3.36M increase.
  • Third Avenue Management's biggest Q3 2020 reduction was Essex Property Trust, cutting an estimated $7.17M.
  • Third Avenue Management fully exited Public Storage in Q3 2020, selling an estimated $7.34M.
  • Third Avenue Management's ten largest holdings make up 50% of its $719M portfolio in Q3 2020.
  • Third Avenue Management opened 2 new positions and closed 3 in Q3 2020.
  • Third Avenue Management's portfolio value rose 0.82% quarter-over-quarter to $719M.

Based on Third Avenue Management's 13F filing for Q3 2020, filed 16 Nov 2020.