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TAM

Third Avenue Management Portfolio holdings

AUM $625M
1-Year Est. Return 48.93%
This Fund
S&P 500
This Quarter Est. Return
+22.03%
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
$756M
AUM Growth
+$43.4M
Cap. Flow
-$85M
Cap. Flow %
-11.24%
Top 10 Hldgs %
45.74%
Holding
65
New
1
Increased
13
Reduced
22
Closed
4

Top Buys

Rank Stock Value
1
AAMI
Acadian Asset Management
AAMI
+$3.81M
2
HCC icon
Warrior Met Coal
HCC
+$3.57M
3
ATNI icon
ATN International
ATNI
+$1.59M
4
SEB icon
Seaboard Corp
SEB
+$1.13M
5
FPH icon
Five Point Holdings
FPH
+$1.08M

Top Sells

Rank Stock Value
1
WY icon
Weyerhaeuser
WY
+$16.5M
2
KFY icon
Korn Ferry
KFY
+$15.6M
3
EXP icon
Eagle Materials
EXP
+$6.94M
4
MHK icon
Mohawk Industries
MHK
+$6.03M
5
BN icon
Brookfield
BN
+$5.56M

Sector Composition

Rank Sector Weight
1 Real Estate 35.96%
2 Financials 22.06%
3 Consumer Discretionary 16.61%
4 Industrials 11.4%
5 Materials 6.19%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MAC icon
51
Macerich
MAC
$6.73B
$1.93M 0.25%
164,679
-228,742
-58% -$3.06M
ROIC
52
DELISTED
Retail Opportunity Investments Corp.
ROIC
$1.19M 0.16%
75,000
– –
PCH
53
DELISTED
PotlatchDeltic
PCH
$1.06M 0.14%
20,000
– –
CTO
54
CTO Realty Growth
CTO
$809M
$1M 0.13%
57,879
– –
GRBK icon
55
Green Brick Partners
GRBK
$3.15B
$908K 0.12%
40,000
– –
STC icon
56
Stewart Information Services
STC
$2.13B
$885K 0.12%
17,000
– –
NXRT
57
NexPoint Residential Trust
NXRT
$602M
$600K 0.08%
13,000
– –
RMR icon
58
The RMR Group
RMR
$332M
$572K 0.08%
14,000
– –
MNR
59
DELISTED
Monmouth Real Estate Investment Corp
MNR
$531K 0.07%
30,000
– –
CIO
60
DELISTED
City Office REIT
CIO
$489K 0.06%
46,000
– –
FCN icon
61
FTI Consulting
FCN
$4.25B
$15K ﹤0.01%
101
– –
ALCO icon
62
Alico
ALCO
$300M
– –
-56,343
Closed -$1.75M
CFR icon
63
Cullen/Frost Bankers
CFR
$10B
– –
-42,331
Closed -$3.69M
KFY icon
64
Korn Ferry
KFY
$4.43B
– –
-358,469
Closed -$15.6M
SPY icon
65
State Street SPDR S&P 500 ETF Trust
SPY
$825B
– –
-377
Closed -$141K
1 2
3

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Third Avenue Management's Q1 2021 Portfolio in Review

As of Q1 2021, Third Avenue Management held 65 positions worth $756M, up 6.1% from $713M the previous quarter. Its ten largest holdings account for 46% of the portfolio.

Third Avenue Management withdrew a net $85M in Q1 2021, closing 4 positions and reducing 22 holdings. Its most notable exit was Korn Ferry, an estimated $15.6M position sold in full.

By sector, the portfolio is most concentrated in Real Estate at 36% of assets, down from 37% a quarter earlier, followed by Financials and Consumer Discretionary.

Against the trend, Third Avenue Management opened a new position in Acadian Asset Management worth $3.94M.

  • Third Avenue Management's largest Q1 2021 buy was Acadian Asset Management: 193,259 shares worth $3.94M.
  • Third Avenue Management added most to Warrior Met Coal in Q1 2021, an estimated $3.57M increase.
  • Third Avenue Management's biggest Q1 2021 reduction was Weyerhaeuser, cutting an estimated $16.5M.
  • Third Avenue Management fully exited Korn Ferry in Q1 2021, selling an estimated $15.6M.
  • Third Avenue Management's ten largest holdings make up 46% of its $756M portfolio in Q1 2021.
  • Third Avenue Management opened 1 new position and closed 4 in Q1 2021.
  • Third Avenue Management's portfolio value rose 6.1% quarter-over-quarter to $756M.

Based on Third Avenue Management's 13F filing for Q1 2021, filed 14 May 2021.