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
-2.19%
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
$3.97B
AUM Growth
-$15M
(-0.38%)
Cap. Flow
+$92.3M
Cap. Flow
% of AUM
2.32%
Top 10 Holdings %
Top 10 Hldgs %
39.43%
Holding
141
New
8
Increased
30
Reduced
37
Closed
12
Avg Time Held
1.5
years
Top 10 Avg Time Held
1
year
Top 20 Avg Time Held
1.5
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Macerich
MAC
|
+$88.1M |
| 2 |
Rayonier
RYN
|
+$46.4M |
| 3 |
Masco
MAS
|
+$46.3M |
| 4 |
Vornado Realty Trust
VNO
|
+$35.3M |
| 5 |
Weyerhaeuser
WY
|
+$29.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
SFR
Starwood Waypoint Homes
SFR
|
+$68.3M |
| 2 |
Valmont Industries
VMI
|
+$23M |
| 3 |
KeyCorp
KEY
|
+$18.2M |
| 4 |
Bank of New York Mellon
BNY
|
+$13.7M |
| 5 |
Devon Energy
DVN
|
+$13.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Real Estate | 33.57% |
| 2 | Financials | 23.73% |
| 3 | Consumer Discretionary | 8.7% |
| 4 | Industrials | 8.42% |
| 5 | Energy | 5.13% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
CST
76
DELISTED
CST Brands, Inc.
CST
| $6.83M | 0.17% |
174,845
+13,364
| +8% | +$556K |
2013 Q2
8 quarters
|
|
77
LSB Industries
LXU
$727M
| $6.81M | 0.17% |
216,827
| – | – |
2013 Q2
8 quarters
|
|
|
ROSE
78
DELISTED
ROSETTA RESOURCES INC
ROSE
| $6.62M | 0.17% |
286,017
-8,681
| -3% | -$198K |
2015 Q1
1 quarter
|
|
79
DELISTED
CITY NATIONAL CORPORATION
CYN
| $6.57M | 0.17% |
72,685
-16,630
| -19% | -$1.54M |
2013 Q2
8 quarters
|
|
80
Alico
ALCO
$283M
| $6.52M | 0.16% |
143,643
| – | – |
2013 Q2
8 quarters
|
|
81
DELISTED
Cubic Corporation
CUB
| $6.49M | 0.16% |
136,401
| – | – |
2013 Q2
8 quarters
|
|
|
RSTI
82
DELISTED
Rofin-Sinar Technologies Inc
RSTI
| $6.37M | 0.16% |
230,636
-118,922
| -34% | -$3.21M |
2013 Q2
8 quarters
|
|
|
IM
83
DELISTED
Ingram Micro
IM
| $6.07M | 0.15% |
242,611
| – | – |
2013 Q2
8 quarters
|
|
84
Unifirst Corp
UNF
$4.67B
| $5.99M | 0.15% |
53,555
| – | – |
2013 Q2
8 quarters
|
|
85
Enerpac Tool Group
EPAC
$1.78B
| $5.95M | 0.15% |
257,877
| – | – |
2014 Q1
5 quarters
|
|
86
ICF International
ICFI
$1.55B
| $5.9M | 0.15% |
169,313
| – | – |
2013 Q2
8 quarters
|
|
87
Broadridge
BR
$19B
| $5.57M | 0.14% |
111,313
| – | – |
2013 Q2
8 quarters
|
|
88
SunCoke Energy
SXC
$860M
| $5.48M | 0.14% |
421,206
| – | – |
2013 Q4
6 quarters
|
|
|
HYB
89
DELISTED
New America High Income Fund, Inc.
HYB
| $5.1M | 0.13% |
581,876
+12,148
| +2% | +$110K |
2013 Q3
7 quarters
|
|
90
DELISTED
WESTERN ASSET MANAGED HIGH INCOM FD INC. COM
MHY
| $5.07M | 0.13% |
1,025,669
| – | – |
2013 Q3
7 quarters
|
|
91
Neuberger High Yield Strategies Fund Inc
NHS
$224M
| $5.02M | 0.13% |
425,826
| – | – |
2013 Q3
7 quarters
|
|
92
Magnera Corp
MAGN
$377M
| $4.78M | 0.12% |
16,718
-2,416
| -13% | -$765K |
2013 Q2
8 quarters
|
|
93
DELISTED
CIRCOR International, Inc
CIR
| $4.75M | 0.12% |
87,033
+43,933
| +102% | +$2.43M |
2015 Q1
1 quarter
|
|
94
Are Dynamic Credit Allocation Fund
ARDC
$270M
| $4.72M | 0.12% |
307,666
+6,535
| +2% | +$105K |
2013 Q4
6 quarters
|
|
|
SBSA
95
DELISTED
Spanish Broadcasting System Inc.
SBSA
| $4.6M | 0.12% |
681,637
| – | – |
2013 Q2
8 quarters
|
|
|
CKH
96
DELISTED
Seacor Holdings Inc.
CKH
| $4.55M | 0.11% |
66,284
-2,186
| -3% | -$152K |
2013 Q2
8 quarters
|
|
97
EnerSys
ENS
$6.26B
| $4.52M | 0.11% |
64,368
-63,657
| -50% | -$4.37M |
2013 Q2
8 quarters
|
|
|
DHG
98
DELISTED
Deutsche High Incm Opportunities
DHG
| $4.52M | 0.11% |
309,656
| – | – |
2013 Q3
7 quarters
|
|
|
EPE
99
DELISTED
EP Energy Corporation
EPE
| $4.18M | 0.11% |
+328,445
| New | +$4.37M |
2015 Q2
0 quarters
|
|
100
1-800-Flowers.com
FLWS
$177M
| $3.62M | 0.09% |
+346,433
| New | +$3.59M |
2015 Q2
0 quarters
|
|
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Third Avenue Management's Q2 2015 Portfolio in Review
As of Q2 2015, Third Avenue Management held 141 positions worth $3.97B, down 0.38% from $3.99B the previous quarter. Its ten largest holdings account for 39% of the portfolio.
Third Avenue Management's Q2 2015 filing shows 8 new, 30 increased, 37 reduced and 12 closed positions. Its largest new stake was Masco: 1,955,858 shares worth $45.8M. The largest sale was Starwood Waypoint Homes, an estimated $68.3M.
By sector, the portfolio is most concentrated in Real Estate at 34% of assets, up from 32% a quarter earlier, followed by Financials and Consumer Discretionary.
- Third Avenue Management's largest Q2 2015 buy was Masco: 1,955,858 shares worth $45.8M.
- Third Avenue Management added most to Macerich in Q2 2015, an estimated $88.1M increase.
- Third Avenue Management's biggest Q2 2015 reduction was Valmont Industries, cutting an estimated $23M.
- Third Avenue Management fully exited Starwood Waypoint Homes in Q2 2015, selling an estimated $68.3M.
- Third Avenue Management's ten largest holdings make up 39% of its $3.97B portfolio in Q2 2015.
- Third Avenue Management opened 8 new positions and closed 12 in Q2 2015.
- Third Avenue Management's portfolio value fell 0.38% quarter-over-quarter to $3.97B.
Based on Third Avenue Management's 13F filing for Q2 2015, filed 14 Aug 2015.