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
+5.74%
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
$5.18B
AUM Growth
+$21.6M
Cap. Flow
-$232M
Cap. Flow %
-4.48%
Top 10 Hldgs %
32.21%
Holding
171
New
14
Increased
36
Reduced
72
Closed
20
Avg Time Held
0.8 years
Top 10 Avg Time Held
0.7 years
Top 20 Avg Time Held
0.9 years

Top Buys

Rank Stock Value
1
WY icon
Weyerhaeuser
WY
+$85.7M
2
AGCO icon
AGCO
AGCO
+$55.6M
3
PDCO icon
Patterson Companies, Inc.
PDCO
+$24.4M
4
CTB
Cooper Tire & Rubber Co.
CTB
+$18M
5
ARCO icon
Arcos Dorados Holdings
ARCO
+$16.5M

Top Sells

Rank Stock Value
1
CMP icon
Compass Minerals
CMP
+$38.3M
2
DVN icon
Devon Energy
DVN
+$35.8M
3
SXT icon
Sensient Technologies
SXT
+$34.9M
4
BN icon
Brookfield
BN
+$34.8M
5
SUSS
SUSSER HOLDINGS CORPORATION COMMON STOCK
SUSS
+$33.6M

Sector Composition

Rank Sector Weight
1 Financials 22.73%
2 Real Estate 17.99%
3 Industrials 11.99%
4 Technology 10.47%
5 Energy 10.08%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow Held Since
WFC.WS icon
76
DELISTED
Wells Fargo & Company Ws
WFC.WS
$20.1M 0.39%
938,530
– –
2013 Q2
4 quarters
CYN icon
77
DELISTED
CITY NATIONAL CORPORATION
CYN
$19.8M 0.38%
261,475
-21,187
-7% -$1.57M
2013 Q2
4 quarters
CTB
78
DELISTED
Cooper Tire & Rubber Co.
CTB
$19.8M 0.38%
+660,100
New +$18M
2014 Q2
0 quarters
WOOF icon
79
DELISTED
VCA Inc.
WOOF
$19.6M 0.38%
557,312
-79,400
-12% -$2.58M
2013 Q4
2 quarters
RYN icon
80
Rayonier
RYN
$5.55B
$19.5M 0.38%
603,893
-194,594
-24% -$6.1M
2013 Q4
2 quarters
MTN icon
81
Vail Resorts
MTN
$5.33B
$19.4M 0.37%
251,453
-36,859
-13% -$2.59M
2013 Q2
4 quarters
ARCO icon
82
Arcos Dorados Holdings
ARCO
$1.66B
$19.1M 0.37%
+1,753,614
New +$16.5M
2014 Q2
0 quarters
IM
83
DELISTED
Ingram Micro
IM
$18.6M 0.36%
636,038
+118,708
+23% +$3.33M
2013 Q2
4 quarters
ABM icon
84
ABM Industries
ABM
$2.97B
$17.5M 0.34%
650,038
-95,509
-13% -$2.59M
2013 Q2
4 quarters
TG icon
85
Tredegar Corp
TG
$266M
$16.9M 0.33%
721,521
+137,162
+23% +$3.02M
2013 Q4
2 quarters
SMP icon
86
Standard Motor Products
SMP
$810M
$16.4M 0.32%
+367,674
New +$14.9M
2014 Q2
0 quarters
EXLS icon
87
EXL Service
EXLS
$5.66B
$16.2M 0.31%
2,751,415
+469,020
+21% +$2.71M
2014 Q1
1 quarter
CFR icon
88
Cullen/Frost Bankers
CFR
$9.42B
$15.9M 0.31%
200,830
-29,400
-13% -$2.26M
2013 Q2
4 quarters
CALM icon
89
Cal-Maine
CALM
$2.95B
$15.5M 0.3%
417,830
-387,402
-48% -$12.7M
2013 Q2
4 quarters
WIRE icon
90
DELISTED
Encore Wire Corp
WIRE
$15.5M 0.3%
315,115
-45,000
-12% -$2.19M
2013 Q2
4 quarters
HOUS icon
91
DELISTED
Anywhere Real Estate
HOUS
$15.4M 0.3%
+408,234
New +$15.8M
2014 Q2
0 quarters
VTOL icon
92
Bristow Group
VTOL
$1.17B
$14.9M 0.29%
259,947
+2,670
+1% +$155K
2013 Q2
4 quarters
CST
93
DELISTED
CST Brands, Inc.
CST
$14.9M 0.29%
431,150
-62,437
-13% -$2.03M
2013 Q2
4 quarters
BTZ icon
94
BlackRock Credit Allocation Income Trust
BTZ
$872M
$14.4M 0.28%
1,049,551
+18,323
+2% +$250K
2013 Q3
3 quarters
BR icon
95
Broadridge
BR
$19B
$14.3M 0.28%
342,387
-50,971
-13% -$2M
2013 Q2
4 quarters
OSK icon
96
Oshkosh
OSK
$7.88B
$14.1M 0.27%
253,609
-46,213
-15% -$2.55M
2013 Q2
4 quarters
KMT icon
97
Kennametal
KMT
$2.36B
$13.7M 0.26%
295,876
-358,407
-55% -$16.6M
2013 Q2
4 quarters
AVTA
98
DELISTED
Avantax, Inc. Common Stock
AVTA
$12.8M 0.25%
678,111
-96,900
-13% -$1.82M
2013 Q2
4 quarters
EXL
99
DELISTED
EXCEL TRUST , INC COM STK
EXL
$12.5M 0.24%
938,591
-124,085
-12% -$1.61M
2013 Q2
4 quarters
ALCO icon
100
Alico
ALCO
$283M
$12.2M 0.24%
325,613
-9,604
-3% -$356K
2013 Q2
4 quarters
2 3
4
5 6

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Third Avenue Management's Q2 2014 Portfolio in Review

As of Q2 2014, Third Avenue Management held 171 positions worth $5.18B, up 0.42% from $5.16B the previous quarter. Its ten largest holdings account for 32% of the portfolio.

Third Avenue Management withdrew a net $232M in Q2 2014, closing 20 positions and reducing 72 holdings. Its most notable exit was Compass Minerals, an estimated $38.3M position sold in full.

By sector, the portfolio is most concentrated in Financials at 23% of assets, down from 24% a quarter earlier, followed by Real Estate and Industrials.

Against the trend, Third Avenue Management opened a new position in AGCO worth $56.6M.

  • Third Avenue Management's largest Q2 2014 buy was AGCO: 1,006,478 shares worth $56.6M.
  • Third Avenue Management added most to Weyerhaeuser in Q2 2014, an estimated $85.7M increase.
  • Third Avenue Management's biggest Q2 2014 reduction was Devon Energy, cutting an estimated $35.8M.
  • Third Avenue Management fully exited Compass Minerals in Q2 2014, selling an estimated $38.3M.
  • Third Avenue Management's ten largest holdings make up 32% of its $5.18B portfolio in Q2 2014.
  • Third Avenue Management opened 14 new positions and closed 20 in Q2 2014.
  • Third Avenue Management's portfolio value rose 0.42% quarter-over-quarter to $5.18B.

Based on Third Avenue Management's 13F filing for Q2 2014, filed 14 Aug 2014.