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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
-6.29%
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
$517M
AUM Growth
-$94.8M
(-16%)
Cap. Flow
-$49.7M
Cap. Flow
% of AUM
-9.62%
Top 10 Holdings %
Top 10 Hldgs %
46.22%
Holding
61
New
2
Increased
7
Reduced
13
Closed
2
Avg Time Held
5.3
years
Top 10 Avg Time Held
2.2
years
Top 20 Avg Time Held
3.3
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Tidewater
TDW
|
+$6.07M |
| 2 |
Five Point Holdings
FPH
|
+$3.19M |
| 3 |
Octave Specialty Group
OSG
|
+$2.78M |
| 4 |
PBF Energy
PBF
|
+$1.37M |
| 5 |
OceanFirst Financial
OCFC
|
+$1.16M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Lazard
LAZ
|
+$18.3M |
| 2 |
Warrior Met Coal
HCC
|
+$13.3M |
| 3 |
Comerica
CMA
|
+$11.2M |
| 4 |
Deutsche Bank
DB
|
+$5.2M |
| 5 |
InvenTrust Properties
IVT
|
+$4.37M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 32.18% |
| 2 | Real Estate | 25.04% |
| 3 | Energy | 11.3% |
| 4 | Industrials | 8.67% |
| 5 | Materials | 8.41% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
51
OceanFirst Financial
OCFC
$1.53B
| $1.1M | 0.21% |
+60,859
| New | +$1.16M |
2024 Q4
0 quarters
|
|
52
Atlanta Braves Holdings Series B
BATRK
$3.13B
| $999K | 0.19% |
26,104
| – | – |
2023 Q3
5 quarters
|
|
53
DELISTED
PotlatchDeltic
PCH
| $785K | 0.15% |
20,000
| – | – |
2020 Q1
19 quarters
|
|
54
The RMR Group
RMR
$312M
| $764K | 0.15% |
37,000
| – | – |
2020 Q1
19 quarters
|
|
55
Vesta Real Estate
VTMX
$3.27B
| $640K | 0.12% |
25,000
+15,000
| +150% | +$384K |
2024 Q2
2 quarters
|
|
56
Stewart Information Services
STC
$1.61B
| $351K | 0.07% |
5,194
| – | – |
2020 Q1
19 quarters
|
|
57
Green Brick Partners
GRBK
$2.62B
| $282K | 0.05% |
5,000
| – | – |
2018 Q2
26 quarters
|
|
58
U-Haul Holding Co
UHAL
$11.1B
| $101K | 0.02% |
1,456
| – | – |
2017 Q4
28 quarters
|
|
59
DELISTED
Equity Commonwealth
EQC
| $97.3K | 0.02% |
55,000
| – | – |
2023 Q2
6 quarters
|
|
|
60
Lazard
LAZ
$3.5B
| – | – |
-362,515
| Closed | -$18.3M | – |
|
61
DELISTED
Trinity Place Holdings Inc.com
TPHS
| – | – |
-3,475,472
| Closed | -$139K | – |
|
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Third Avenue Management's Q4 2024 Portfolio in Review
As of Q4 2024, Third Avenue Management held 61 positions worth $517M, down 16% from $612M the previous quarter. Its ten largest holdings account for 46% of the portfolio.
Third Avenue Management withdrew a net $49.7M in Q4 2024, closing 2 positions and reducing 13 holdings. Its most notable exit was Lazard, an estimated $18.3M position sold in full.
By sector, the portfolio is most concentrated in Financials at 32% of assets, down from 32% a quarter earlier, followed by Real Estate and Energy.
Against the trend, Third Avenue Management opened a new position in Octave Specialty Group worth $2.91M.
- Third Avenue Management's largest Q4 2024 buy was Octave Specialty Group: 230,416 shares worth $2.91M.
- Third Avenue Management added most to Tidewater in Q4 2024, an estimated $6.07M increase.
- Third Avenue Management's biggest Q4 2024 reduction was Warrior Met Coal, cutting an estimated $13.3M.
- Third Avenue Management fully exited Lazard in Q4 2024, selling an estimated $18.3M.
- Third Avenue Management's ten largest holdings make up 46% of its $517M portfolio in Q4 2024.
- Third Avenue Management opened 2 new positions and closed 2 in Q4 2024.
- Third Avenue Management's portfolio value fell 16% quarter-over-quarter to $517M.
Based on Third Avenue Management's 13F filing for Q4 2024, filed 13 Feb 2025.