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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
+18.32%
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
$609M
AUM Growth
+$12.8M
(+2.1%)
Cap. Flow
-$67.5M
Cap. Flow
% of AUM
-11.08%
Top 10 Holdings %
Top 10 Hldgs %
50.18%
Holding
60
New
1
Increased
13
Reduced
22
Closed
1
Avg Time Held
4.9
years
Top 10 Avg Time Held
1.7
years
Top 20 Avg Time Held
3.5
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
LSB Industries
LXU
|
+$4.04M |
| 2 |
Collegium Pharmaceutical
COLL
|
+$2.08M |
| 3 |
Sun Communities
SUI
|
+$1.7M |
| 4 |
Investors Title Co
ITIC
|
+$1.42M |
| 5 |
Supernus Pharmaceuticals
SUPN
|
+$1.14M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Lazard
LAZ
|
+$17.1M |
| 2 |
Warrior Met Coal
HCC
|
+$15.8M |
| 3 |
Tidewater
TDW
|
+$6.83M |
| 4 |
Hawaiian Holdings, Inc.
HA
|
+$5.54M |
| 5 |
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 | Held Since | |
|---|---|---|---|---|---|---|---|
51
The RMR Group
RMR
$320M
| $1.04M | 0.17% |
37,000
| – | – |
2020 Q1
15 quarters
|
|
52
Atlanta Braves Holdings Series B
BATRK
$3.16B
| $1.03M | 0.17% |
26,000
+300
| +1% | +$10.9K |
2023 Q3
1 quarter
|
|
53
Stewart Information Services
STC
$1.62B
| $999K | 0.16% |
17,000
| – | – |
2020 Q1
15 quarters
|
|
|
WSR
54
DELISTED
Whitestone REIT
WSR
| $983K | 0.16% |
80,000
| – | – |
2023 Q2
2 quarters
|
|
55
DELISTED
PotlatchDeltic
PCH
| $982K | 0.16% |
20,000
| – | – |
2020 Q1
15 quarters
|
|
56
Elme Communities
ELME
$156M
| $949K | 0.16% |
65,000
| – | – |
2023 Q2
2 quarters
|
|
57
DELISTED
Trinity Place Holdings Inc.com
TPHS
| $569K | 0.09% |
5,127,786
| – | – |
2016 Q1
31 quarters
|
|
58
Green Brick Partners
GRBK
$2.65B
| $260K | 0.04% |
5,000
| – | – |
2018 Q2
22 quarters
|
|
59
U-Haul Holding Co
UHAL
$11.2B
| $105K | 0.02% |
1,456
| – | – |
2017 Q4
24 quarters
|
|
|
60
Lazard
LAZ
$3.54B
| – | – |
-550,206
| Closed | -$17.1M | – |
|
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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.