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
+9.71%
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
$760M
AUM Growth
+$17.4M
(+2.3%)
Cap. Flow
-$40.1M
Cap. Flow
% of AUM
-5.27%
Top 10 Holdings %
Top 10 Hldgs %
51.47%
Holding
64
New
4
Increased
6
Reduced
21
Closed
5
Avg Time Held
3.8
years
Top 10 Avg Time Held
3.3
years
Top 20 Avg Time Held
2.8
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
InvenTrust Properties
IVT
|
+$12.7M |
| 2 |
Warrior Met Coal
HCC
|
+$3.24M |
| 3 |
Sphere Entertainment
SPHR
|
+$2.85M |
| 4 |
APTS
Preferred Apartment Communities, Inc.
APTS
|
+$2.7M |
| 5 |
Trinity Place Holdings Inc.com
TPHS
|
+$849K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Mohawk Industries
MHK
|
+$11.8M |
| 2 |
Vornado Realty Trust
VNO
|
+$8.11M |
| 3 |
Brookfield
BN
|
+$6.81M |
| 4 |
Old Republic International
ORI
|
+$6.68M |
| 5 |
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 | Held Since | |
|---|---|---|---|---|---|---|---|
51
DELISTED
PotlatchDeltic
PCH
| $1.21M | 0.16% |
20,000
| – | – |
2020 Q1
7 quarters
|
|
52
CTO Realty Growth
CTO
$775M
| $1.19M | 0.16% |
57,879
| – | – |
2020 Q1
7 quarters
|
|
53
NexPoint Residential Trust
NXRT
$470M
| $1.09M | 0.14% |
13,000
| – | – |
2020 Q1
7 quarters
|
|
54
The RMR Group
RMR
$314M
| $798K | 0.1% |
23,000
| – | – |
2020 Q1
7 quarters
|
|
|
CTT
55
DELISTED
CATCHMARK TIMBER TRUST, INC.
CTT
| $772K | 0.1% |
+88,539
| New | +$789K |
2021 Q4
0 quarters
|
|
56
Green Brick Partners
GRBK
$2.64B
| $486K | 0.06% |
16,000
| – | – |
2018 Q2
14 quarters
|
|
57
Wheeler Real Estate Investment Trust Series D Preferred Stock
WHLRD
| $181K | 0.02% |
+12,000
| New | +$187K |
2021 Q4
0 quarters
|
|
58
Wheeler Real Estate Investment Trust Preferred Stock
WHLRP
| $81K | 0.01% |
+12,000
| New | +$94.9K |
2021 Q4
0 quarters
|
|
59
Wheeler Real Estate Investment Trust
WHLR
$222K
| – | – |
0
| – | – |
2021 Q4
0 quarters
|
|
60
ATN International
ATNI
$395M
| – | – |
-93,903
| Closed | -$4.4M | – |
|
|
61
Mohawk Industries
MHK
$8.3B
| – | – |
-66,464
| Closed | -$11.8M | – |
|
62
Seritage Growth Properties
SRG
$92.9M
| – | – |
-202,271
| Closed | -$3M | – |
|
|
63
Vornado Realty Trust
VNO
$6.17B
| – | – |
-193,011
| Closed | -$8.11M | – |
|
64
DELISTED
Monmouth Real Estate Investment Corp
MNR
| – | – |
-30,000
| Closed | -$560K | – |
|
Similar funds
RIP
B
LWP
FGA
BVC
APM
PIM
PAS
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.