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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
+18.32%
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
$609M
AUM Growth
+$12.8M
Cap. Flow
-$67.5M
Cap. Flow %
-11.08%
Top 10 Hldgs %
50.18%
Holding
60
New
1
Increased
13
Reduced
22
Closed
1

Top Buys

Rank Stock Value
1
LXU icon
LSB Industries
LXU
+$4.04M
2
COLL icon
Collegium Pharmaceutical
COLL
+$2.08M
3
SUI icon
Sun Communities
SUI
+$1.7M
4
ITIC
Investors Title Co
ITIC
+$1.42M
5
SUPN icon
Supernus Pharmaceuticals
SUPN
+$1.14M

Top Sells

Rank Stock Value
1
LAZ icon
Lazard
LAZ
+$17.1M
2
HCC icon
Warrior Met Coal
HCC
+$15.8M
3
TDW icon
Tidewater
TDW
+$6.83M
4
HA
Hawaiian Holdings, Inc.
HA
+$5.54M
5
LOW icon
Lowe's Companies
LOW
+$5.53M

Sector Composition

Rank Sector Weight
1 Financials 27.95%
2 Real Estate 21.36%
3 Energy 13.05%
4 Materials 11.7%
5 Industrials 10.55%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
RMR icon
51
The RMR Group
RMR
$353M
$1.04M 0.17%
37,000
– –
BATRK icon
52
Atlanta Braves Holdings Series B
BATRK
$3.31B
$1.03M 0.17%
26,000
+300
+1% +$10.9K
STC icon
53
Stewart Information Services
STC
$2.19B
$999K 0.16%
17,000
– –
WSR
54
DELISTED
Whitestone REIT
WSR
$983K 0.16%
80,000
– –
PCH
55
DELISTED
PotlatchDeltic
PCH
$982K 0.16%
20,000
– –
ELME
56
Elme Communities
ELME
$135M
$949K 0.16%
65,000
– –
TPHS
57
DELISTED
Trinity Place Holdings Inc.com
TPHS
$569K 0.09%
5,127,786
– –
GRBK icon
58
Green Brick Partners
GRBK
$3.14B
$260K 0.04%
5,000
– –
UHAL icon
59
U-Haul Holding Co
UHAL
$13.9B
$105K 0.02%
1,456
– –
LAZ icon
60
Lazard
LAZ
$4.25B
– –
-550,206
Closed -$17.1M
1 2
3

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Third Avenue Management's Q4 2023 Portfolio in Review

As of Q4 2023, Third Avenue Management held 60 positions worth $609M, up 2.1% from $596M the previous quarter. Its ten largest holdings account for 50% of the portfolio.

Third Avenue Management withdrew a net $67.5M in Q4 2023, closing 1 position and reducing 22 holdings. Its most notable exit was Lazard, an estimated $17.1M position sold in full.

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

Against the trend, Third Avenue Management opened a new position in Collegium Pharmaceutical worth $2.56M.

  • Third Avenue Management's largest Q4 2023 buy was Collegium Pharmaceutical: 83,120 shares worth $2.56M.
  • Third Avenue Management added most to LSB Industries in Q4 2023, an estimated $4.04M increase.
  • Third Avenue Management's biggest Q4 2023 reduction was Warrior Met Coal, cutting an estimated $15.8M.
  • Third Avenue Management fully exited Lazard in Q4 2023, selling an estimated $17.1M.
  • Third Avenue Management's ten largest holdings make up 50% of its $609M portfolio in Q4 2023.
  • Third Avenue Management opened 1 new position and closed 1 in Q4 2023.
  • Third Avenue Management's portfolio value rose 2.1% quarter-over-quarter to $609M.

Based on Third Avenue Management's 13F filing for Q4 2023, filed 14 Feb 2024.