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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
+0.39%
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
$499M
AUM Growth
-$18.1M
(-3.5%)
Cap. Flow
-$7.95M
Cap. Flow
% of AUM
-1.59%
Top 10 Holdings %
Top 10 Hldgs %
46.56%
Holding
62
New
3
Increased
10
Reduced
13
Closed
1
Avg Time Held
5.3
years
Top 10 Avg Time Held
2.4
years
Top 20 Avg Time Held
3.3
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Tidewater
TDW
|
+$11M |
| 2 |
Pultegroup
PHM
|
+$6.89M |
| 3 |
Valaris
VAL
|
+$6.14M |
| 4 |
BlueLinx
BXC
|
+$2.77M |
| 5 |
Millrose Properties Inc
MRP
|
+$1.89M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Deutsche Bank
DB
|
+$15.5M |
| 2 |
Old Republic International
ORI
|
+$4.73M |
| 3 |
American Homes 4 Rent
AMH
|
+$4.6M |
| 4 |
Lennar Class B
LEN.B
|
+$2.67M |
| 5 |
Seaboard Corp
SEB
|
+$2.67M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 31.46% |
| 2 | Real Estate | 25.57% |
| 3 | Energy | 12.6% |
| 4 | Consumer Discretionary | 8.58% |
| 5 | Industrials | 8.07% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
51
CTO Realty Growth
CTO
$770M
| $1.22M | 0.24% |
63,000
| – | – |
2020 Q1
20 quarters
|
|
|
WSR
52
DELISTED
Whitestone REIT
WSR
| $1.17M | 0.23% |
80,000
| – | – |
2023 Q2
7 quarters
|
|
53
InvenTrust Properties
IVT
$2.34B
| $1.12M | 0.22% |
38,000
| – | – |
2021 Q4
13 quarters
|
|
54
Atlanta Braves Holdings Series B
BATRK
$3.13B
| $1.04M | 0.21% |
26,104
| – | – |
2023 Q3
6 quarters
|
|
55
DELISTED
PotlatchDeltic
PCH
| $902K | 0.18% |
20,000
| – | – |
2020 Q1
20 quarters
|
|
56
The RMR Group
RMR
$313M
| $616K | 0.12% |
37,000
| – | – |
2020 Q1
20 quarters
|
|
57
Vesta Real Estate
VTMX
$3.26B
| $570K | 0.11% |
25,000
| – | – |
2024 Q2
3 quarters
|
|
58
Stewart Information Services
STC
$1.6B
| $371K | 0.07% |
5,194
| – | – |
2020 Q1
20 quarters
|
|
59
Green Brick Partners
GRBK
$2.63B
| $292K | 0.06% |
5,000
| – | – |
2018 Q2
27 quarters
|
|
60
U-Haul Holding Co
UHAL
$11.1B
| $95.2K | 0.02% |
1,456
| – | – |
2017 Q4
29 quarters
|
|
61
DELISTED
Equity Commonwealth
EQC
| $88.5K | 0.02% |
55,000
| – | – |
2023 Q2
7 quarters
|
|
62
DELISTED
Retail Opportunity Investments Corp.
ROIC
| – | – |
-90,000
| Closed | -$1.56M | – |
|
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Third Avenue Management's Q1 2025 Portfolio in Review
As of Q1 2025, Third Avenue Management held 62 positions worth $499M, down 3.5% from $517M the previous quarter. Its ten largest holdings account for 47% of the portfolio.
Third Avenue Management's Q1 2025 filing shows 3 new, 10 increased, 13 reduced and 1 closed positions. Its largest new stake was Pultegroup: 63,800 shares worth $6.56M. The largest sale was Deutsche Bank, an estimated $15.5M.
By sector, the portfolio is most concentrated in Financials at 31% of assets, down from 32% a quarter earlier, followed by Real Estate and Energy.
- Third Avenue Management's largest Q1 2025 buy was Pultegroup: 63,800 shares worth $6.56M.
- Third Avenue Management added most to Tidewater in Q1 2025, an estimated $11M increase.
- Third Avenue Management's biggest Q1 2025 reduction was Deutsche Bank, cutting an estimated $15.5M.
- Third Avenue Management fully exited Retail Opportunity Investments Corp. in Q1 2025, selling an estimated $1.56M.
- Third Avenue Management's ten largest holdings make up 47% of its $499M portfolio in Q1 2025.
- Third Avenue Management opened 3 new positions and closed 1 in Q1 2025.
- Third Avenue Management's portfolio value fell 3.5% quarter-over-quarter to $499M.
Based on Third Avenue Management's 13F filing for Q1 2025, filed 14 May 2025.