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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
+2.91%
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
$585M
AUM Growth
+$10.3M
Cap. Flow
+$4M
Cap. Flow %
0.68%
Top 10 Hldgs %
48.91%
Holding
56
New
1
Increased
16
Reduced
13
Closed
2

Top Buys

Rank Stock Value
1
CMA
Comerica
CMA
+$11.3M
2
HA
Hawaiian Holdings, Inc.
HA
+$9.64M
3
JLL icon
Jones Lang LaSalle
JLL
+$8.54M
4
LAZ icon
Lazard
LAZ
+$3.38M
5
HCC icon
Warrior Met Coal
HCC
+$2.54M

Top Sells

Rank Stock Value
1
TDW icon
Tidewater
TDW
+$17.9M
2
LEN.B icon
Lennar Class B
LEN.B
+$4.56M
3
IVT icon
InvenTrust Properties
IVT
+$3.53M
4
FNF icon
Fidelity National Financial
FNF
+$2.25M
5
FPH icon
Five Point Holdings
FPH
+$2.17M

Sector Composition

Rank Sector Weight
1 Financials 27.42%
2 Real Estate 21.49%
3 Energy 13.94%
4 Industrials 12.09%
5 Consumer Discretionary 11.78%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
RMR icon
51
The RMR Group
RMR
$342M
$682K 0.12%
26,000
– –
GRBK icon
52
Green Brick Partners
GRBK
$3.13B
$175K 0.03%
5,000
– –
UHAL icon
53
U-Haul Holding Co
UHAL
$14B
$90K 0.02%
1,508
– –
SUPN icon
54
Supernus Pharmaceuticals
SUPN
$2.68B
$89.1K 0.02%
2,460
– –
STRS icon
55
Stratus Properties
STRS
$158M
– –
-60,245
Closed -$1.16M
URTH icon
56
iShares MSCI World ETF
URTH
$7.95B
– –
-2,631
Closed -$287K
1 2
3

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DTL
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ACP
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MC
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BWP
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AMG
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Third Avenue Management's Q1 2023 Portfolio in Review

As of Q1 2023, Third Avenue Management held 56 positions worth $585M, up 1.8% from $575M the previous quarter. Its ten largest holdings account for 49% of the portfolio.

Third Avenue Management's Q1 2023 filing shows 1 new, 16 increased, 13 reduced and 2 closed positions. Its largest new stake was Jones Lang LaSalle: 51,235 shares worth $7.45M. The largest sale was Tidewater, an estimated $17.9M.

By sector, the portfolio is most concentrated in Financials at 27% of assets, down from 28% a quarter earlier, followed by Real Estate and Energy.

  • Third Avenue Management's largest Q1 2023 buy was Jones Lang LaSalle: 51,235 shares worth $7.45M.
  • Third Avenue Management added most to Comerica in Q1 2023, an estimated $11.3M increase.
  • Third Avenue Management's biggest Q1 2023 reduction was Tidewater, cutting an estimated $17.9M.
  • Third Avenue Management fully exited Stratus Properties in Q1 2023, selling an estimated $1.16M.
  • Third Avenue Management's ten largest holdings make up 49% of its $585M portfolio in Q1 2023.
  • Third Avenue Management opened 1 new position and closed 2 in Q1 2023.
  • Third Avenue Management's portfolio value rose 1.8% quarter-over-quarter to $585M.

Based on Third Avenue Management's 13F filing for Q1 2023, filed 12 May 2023.