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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
-15.23%
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
$562M
AUM Growth
-$172M
(-23%)
Cap. Flow
-$56.2M
Cap. Flow
% of AUM
-10.01%
Top 10 Holdings %
Top 10 Hldgs %
47.88%
Holding
60
New
2
Increased
9
Reduced
21
Closed
3
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
D.R. Horton
DHI
|
+$15.9M |
| 2 |
CCF
Chase Corporation
CCF
|
+$3.3M |
| 3 |
Warrior Met Coal
HCC
|
+$2.13M |
| 4 |
CBRE Group
CBRE
|
+$1.69M |
| 5 |
Sphere Entertainment
SPHR
|
+$1.27M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Rayonier
RYN
|
+$9.31M |
| 2 |
Weyerhaeuser
WY
|
+$8.61M |
| 3 |
Prologis
PLD
|
+$8.47M |
| 4 |
HA
Hawaiian Holdings, Inc.
HA
|
+$7.32M |
| 5 |
JBGS
JBG SMITH
JBGS
|
+$6.99M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Real Estate | 29.95% |
| 2 | Financials | 23.5% |
| 3 | Consumer Discretionary | 12.27% |
| 4 | Industrials | 11.03% |
| 5 | Energy | 10.34% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
NXRT
51
NexPoint Residential Trust
NXRT
$602M
| $813K | 0.14% |
13,000
| – | – |
|
52
The RMR Group
RMR
$332M
| $738K | 0.13% |
26,000
+3,000
| +13% | +$86.5K |
|
53
Green Brick Partners
GRBK
$3.15B
| $509K | 0.09% |
26,000
+10,000
| +63% | +$210K |
|
|
WHLRD
54
Wheeler Real Estate Investment Trust Series D Preferred Stock
WHLRD
$64.9M
| $319K | 0.06% |
24,000
| – | – |
|
|
WHLRP
55
Wheeler Real Estate Investment Trust Preferred Stock
WHLRP
$8.73M
| $84K | 0.02% |
17,614
-9,386
| -35% | -$52.6K |
|
56
Supernus Pharmaceuticals
SUPN
$2.54B
| $72K | 0.01% |
+2,460
| New | +$70.5K |
|
57
Dorman Products
DORM
$3.84B
| – | – |
-26,078
| Closed | -$2.48M |
|
|
JBGS
58
JBG SMITH
JBGS
$708M
| – | – |
-239,262
| Closed | -$6.99M |
|
|
WHLR
59
Wheeler Real Estate Investment Trust
WHLR
$826K
| – | – |
0
| – | -$92K |
|
|
CTT
60
DELISTED
CATCHMARK TIMBER TRUST, INC.
CTT
| – | – |
-406,444
| Closed | -$3.33M |
|
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Third Avenue Management's Q2 2022 Portfolio in Review
As of Q2 2022, Third Avenue Management held 60 positions worth $562M, down 23% from $734M the previous quarter. Its ten largest holdings account for 48% of the portfolio.
Third Avenue Management withdrew a net $56.2M in Q2 2022, closing 3 positions and reducing 21 holdings. Its most notable exit was JBG SMITH, an estimated $6.99M position sold in full.
By sector, the portfolio is most concentrated in Real Estate at 30% 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 Chase Corporation worth $3.14M.
- Third Avenue Management's largest Q2 2022 buy was Chase Corporation: 40,292 shares worth $3.14M.
- Third Avenue Management added most to D.R. Horton in Q2 2022, an estimated $15.9M increase.
- Third Avenue Management's biggest Q2 2022 reduction was Rayonier, cutting an estimated $9.31M.
- Third Avenue Management fully exited JBG SMITH in Q2 2022, selling an estimated $6.99M.
- Third Avenue Management's ten largest holdings make up 48% of its $562M portfolio in Q2 2022.
- Third Avenue Management opened 2 new positions and closed 3 in Q2 2022.
- Third Avenue Management's portfolio value fell 23% quarter-over-quarter to $562M.
Based on Third Avenue Management's 13F filing for Q2 2022, filed 12 Aug 2022.