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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
-4.61%
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
$508M
AUM Growth
-$53.5M
Cap. Flow
-$22.6M
Cap. Flow %
-4.45%
Top 10 Hldgs %
46.64%
Holding
56
New
–
Increased
5
Reduced
26
Closed
3
Avg Time Held
4.5 years
Top 10 Avg Time Held
1.9 years
Top 20 Avg Time Held
3.5 years

Top Buys

Rank Stock Value
1
LAZ icon
Lazard
LAZ
+$2.18M
2
HA icon
Hawaiian Holdings, Inc.
HA
+$1.8M
3
TPH icon
Tri Pointe Homes
TPH
+$1.09M
4
KALU icon
Kaiser Aluminum
KALU
+$893K
5
PRA icon
ProAssurance
PRA
+$878K

Top Sells

Rank Stock Value
1
FPH icon
Five Point Holdings
FPH
+$8.13M
2
VC icon
Visteon
VC
+$3.3M
3
CMA icon
Comerica
CMA
+$2.18M
4
CALM icon
Cal-Maine
CALM
+$2.06M
5
LOW icon
Lowe's Companies
LOW
+$1.73M

Sector Composition

Rank Sector Weight
1 Real Estate 25.22%
2 Financials 24.38%
3 Industrials 12.88%
4 Consumer Discretionary 12.62%
5 Energy 12.07%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow Held Since
WHLRD icon
51
Wheeler Real Estate Investment Trust Series D Preferred Stock
WHLRD
$64.1M
$281K 0.06%
24,000
– –
2021 Q4
3 quarters
GRBK icon
52
Green Brick Partners
GRBK
$2.67B
$107K 0.02%
5,000
-21,000
-81% -$518K
2018 Q2
17 quarters
SUPN icon
53
Supernus Pharmaceuticals
SUPN
$2.3B
$84K 0.02%
2,460
– –
2022 Q2
1 quarter
NXRT icon
54
NexPoint Residential Trust
NXRT
$474M
– –
-13,000
Closed -$813K –
VC icon
55
Visteon
VC
$2.37B
– –
-31,848
Closed -$3.3M –
WHLRP icon
56
Wheeler Real Estate Investment Trust Preferred Stock
WHLRP
$10.7M
– –
-17,614
Closed -$84K –
1 2
3

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LWP
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FGA
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BVC
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APM
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Third Avenue Management's Q3 2022 Portfolio in Review

As of Q3 2022, Third Avenue Management held 56 positions worth $508M, down 9.5% from $562M the previous quarter. Its ten largest holdings account for 47% of the portfolio.

Third Avenue Management withdrew a net $22.6M in Q3 2022, closing 3 positions and reducing 26 holdings. Its most notable exit was Visteon, an estimated $3.3M position sold in full.

By sector, the portfolio is most concentrated in Real Estate at 25% of assets, down from 30% a quarter earlier, followed by Financials and Industrials.

Against the trend, Third Avenue Management added an estimated $2.18M to Lazard.

  • Third Avenue Management added most to Lazard in Q3 2022, an estimated $2.18M increase.
  • Third Avenue Management's biggest Q3 2022 reduction was Five Point Holdings, cutting an estimated $8.13M.
  • Third Avenue Management fully exited Visteon in Q3 2022, selling an estimated $3.3M.
  • Third Avenue Management's ten largest holdings make up 47% of its $508M portfolio in Q3 2022.
  • Third Avenue Management opened 0 new positions and closed 3 in Q3 2022.
  • Third Avenue Management's portfolio value fell 9.5% quarter-over-quarter to $508M.

Based on Third Avenue Management's 13F filing for Q3 2022, filed 14 Nov 2022.