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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
+5.99%
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
$734M
AUM Growth
-$26.5M
(-3.5%)
Cap. Flow
-$30.1M
Cap. Flow
% of AUM
-4.09%
Top 10 Holdings %
Top 10 Hldgs %
51.13%
Holding
60
New
1
Increased
13
Reduced
16
Closed
2
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
InvenTrust Properties
IVT
|
+$9.24M |
| 2 |
HA
Hawaiian Holdings, Inc.
HA
|
+$4.42M |
| 3 |
Hamilton Beach Brands
HBB
|
+$3.7M |
| 4 |
CTT
CATCHMARK TIMBER TRUST, INC.
CTT
|
+$2.61M |
| 5 |
U-Haul Holding Co
UHAL
|
+$1.14M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Warrior Met Coal
HCC
|
+$17M |
| 2 |
Essex Property Trust
ESS
|
+$10.5M |
| 3 |
APTS
Preferred Apartment Communities, Inc.
APTS
|
+$8.21M |
| 4 |
CMA
Comerica
CMA
|
+$3.81M |
| 5 |
Cal-Maine
CALM
|
+$3.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Real Estate | 36.73% |
| 2 | Financials | 22.34% |
| 3 | Industrials | 11.42% |
| 4 | Consumer Discretionary | 9.6% |
| 5 | Energy | 8.51% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
PCH
51
DELISTED
PotlatchDeltic
PCH
| $1.05M | 0.14% |
20,000
| – | – |
|
52
Stewart Information Services
STC
$2.19B
| $1.03M | 0.14% |
17,000
| – | – |
|
53
The RMR Group
RMR
$353M
| $716K | 0.1% |
23,000
| – | – |
|
|
WHLRD
54
Wheeler Real Estate Investment Trust Series D Preferred Stock
WHLRD
| $346K | 0.05% |
24,000
+12,000
| +100% | +$167K |
|
55
Green Brick Partners
GRBK
$3.14B
| $317K | 0.04% |
16,000
| – | – |
|
56
D.R. Horton
DHI
$42.4B
| $226K | 0.03% |
+3,028
| New | +$263K |
|
|
WHLRP
57
Wheeler Real Estate Investment Trust Preferred Stock
WHLRP
| $180K | 0.02% |
27,000
+15,000
| +125% | +$102K |
|
|
WHLR
58
Wheeler Real Estate Investment Trust
WHLR
$1.57M
| – | – |
0
| – | – |
|
|
59
Essex Property Trust
ESS
$18.8B
| – | – |
-29,879
| Closed | -$10.5M |
|
|
APTS
60
DELISTED
Preferred Apartment Communities, Inc.
APTS
| – | – |
-454,411
| Closed | -$8.21M |
|
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Third Avenue Management's Q1 2022 Portfolio in Review
As of Q1 2022, Third Avenue Management held 60 positions worth $734M, down 3.5% from $760M the previous quarter. Its ten largest holdings account for 51% of the portfolio.
Third Avenue Management withdrew a net $30.1M in Q1 2022, closing 2 positions and reducing 16 holdings. Its most notable exit was Essex Property Trust, an estimated $10.5M position sold in full.
By sector, the portfolio is most concentrated in Real Estate at 37% of assets, down from 38% a quarter earlier, followed by Financials and Industrials.
Against the trend, Third Avenue Management opened a new position in D.R. Horton worth $226K.
- Third Avenue Management's largest Q1 2022 buy was D.R. Horton: 3,028 shares worth $226K.
- Third Avenue Management added most to InvenTrust Properties in Q1 2022, an estimated $9.24M increase.
- Third Avenue Management's biggest Q1 2022 reduction was Warrior Met Coal, cutting an estimated $17M.
- Third Avenue Management fully exited Essex Property Trust in Q1 2022, selling an estimated $10.5M.
- Third Avenue Management's ten largest holdings make up 51% of its $734M portfolio in Q1 2022.
- Third Avenue Management opened 1 new position and closed 2 in Q1 2022.
- Third Avenue Management's portfolio value fell 3.5% quarter-over-quarter to $734M.
Based on Third Avenue Management's 13F filing for Q1 2022, filed 13 May 2022.