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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
+9.71%
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
$760M
AUM Growth
+$17.4M
Cap. Flow
-$40.1M
Cap. Flow %
-5.27%
Top 10 Hldgs %
51.47%
Holding
64
New
4
Increased
6
Reduced
21
Closed
5

Top Buys

Rank Stock Value
1
IVT icon
InvenTrust Properties
IVT
+$12.7M
2
HCC icon
Warrior Met Coal
HCC
+$3.24M
3
SPHR icon
Sphere Entertainment
SPHR
+$2.85M
4
APTS
Preferred Apartment Communities, Inc.
APTS
+$2.7M
5
TPHS
Trinity Place Holdings Inc.com
TPHS
+$849K

Top Sells

Rank Stock Value
1
MHK icon
Mohawk Industries
MHK
+$11.8M
2
VNO icon
Vornado Realty Trust
VNO
+$8.11M
3
BN icon
Brookfield
BN
+$6.81M
4
ORI icon
Old Republic International
ORI
+$6.68M
5
JBGS
JBG SMITH
JBGS
+$5.52M

Sector Composition

Rank Sector Weight
1 Real Estate 38.13%
2 Financials 23.03%
3 Consumer Discretionary 12.18%
4 Industrials 11.45%
5 Materials 6.95%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
PCH
51
DELISTED
PotlatchDeltic
PCH
$1.21M 0.16%
20,000
– –
CTO
52
CTO Realty Growth
CTO
$751M
$1.19M 0.16%
57,879
– –
NXRT
53
NexPoint Residential Trust
NXRT
$678M
$1.09M 0.14%
13,000
– –
RMR icon
54
The RMR Group
RMR
$353M
$798K 0.1%
23,000
– –
CTT
55
DELISTED
CATCHMARK TIMBER TRUST, INC.
CTT
$772K 0.1%
+88,539
New +$789K
GRBK icon
56
Green Brick Partners
GRBK
$3.14B
$486K 0.06%
16,000
– –
WHLRD
57
Wheeler Real Estate Investment Trust Series D Preferred Stock
WHLRD
$181K 0.02%
+12,000
New +$187K
WHLRP
58
Wheeler Real Estate Investment Trust Preferred Stock
WHLRP
$81K 0.01%
+12,000
New +$94.9K
WHLR
59
Wheeler Real Estate Investment Trust
WHLR
$1.57M
– –
0
– –
ATNI icon
60
ATN International
ATNI
$356M
– –
-93,903
Closed -$4.4M
MHK icon
61
Mohawk Industries
MHK
$6.8B
– –
-66,464
Closed -$11.8M
SRG
62
Seritage Growth Properties
SRG
$149M
– –
-202,271
Closed -$3M
VNO icon
63
Vornado Realty Trust
VNO
$7.59B
– –
-193,011
Closed -$8.11M
MNR
64
DELISTED
Monmouth Real Estate Investment Corp
MNR
– –
-30,000
Closed -$560K
1 2
3

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Third Avenue Management's Q4 2021 Portfolio in Review

As of Q4 2021, Third Avenue Management held 64 positions worth $760M, up 2.3% from $743M the previous quarter. Its ten largest holdings account for 51% of the portfolio.

Third Avenue Management withdrew a net $40.1M in Q4 2021, closing 5 positions and reducing 21 holdings. Its most notable exit was Mohawk Industries, an estimated $11.8M position sold in full.

By sector, the portfolio is most concentrated in Real Estate at 38% of assets, up from 37% a quarter earlier, followed by Financials and Consumer Discretionary.

Against the trend, Third Avenue Management opened a new position in InvenTrust Properties worth $13.7M.

  • Third Avenue Management's largest Q4 2021 buy was InvenTrust Properties: 503,945 shares worth $13.7M.
  • Third Avenue Management added most to Warrior Met Coal in Q4 2021, an estimated $3.24M increase.
  • Third Avenue Management's biggest Q4 2021 reduction was Brookfield, cutting an estimated $6.81M.
  • Third Avenue Management fully exited Mohawk Industries in Q4 2021, selling an estimated $11.8M.
  • Third Avenue Management's ten largest holdings make up 51% of its $760M portfolio in Q4 2021.
  • Third Avenue Management opened 4 new positions and closed 5 in Q4 2021.
  • Third Avenue Management's portfolio value rose 2.3% quarter-over-quarter to $760M.

Based on Third Avenue Management's 13F filing for Q4 2021, filed 11 Feb 2022.