We are live on ! Find out more
TAM

Third Avenue Management Portfolio holdings

AUM $616M
1-Year Est. Return 45.6%
This Fund
S&P 500
This Quarter Est. Return
+7.09%
1 Year Est. Return
+45.6%
3 Year Est. Return
+111.18%
5 Year Est. Return
+162.64%
10 Year Est. Return
+374.2%
AUM
$5.17B
AUM Growth
+$75.1M
Cap. Flow
-$252M
Cap. Flow %
-4.88%
Top 10 Hldgs %
35.08%
Holding
169
New
24
Increased
45
Reduced
52
Closed
6

Top Buys

Rank Stock Value
1
CVCO icon
Cavco Industries
CVCO
+$102M
2
SKT icon
Tanger
SKT
+$45.7M
3
HT
Hersha Hospitality Trust Priority Class A Common Shares of Beneficial Interest
HT
+$35.5M
4
BKD icon
Brookdale Senior Living
BKD
+$27.1M
5
AXLL
AXIALL CORP COM STK (DE)
AXLL
+$21.5M

Top Sells

Rank Stock Value
1
AMAT icon
Applied Materials
AMAT
+$132M
2
KEY icon
KeyCorp
KEY
+$93.4M
3
FCE.A
Forest City Realty Trust, Inc.
FCE.A
+$61.5M
4
HAR
Harman International Industries
HAR
+$41.2M
5
BNY
Bank of New York Mellon
BNY
+$40M

Sector Composition

Rank Sector Weight
1 Financials 25.42%
2 Real Estate 14.22%
3 Industrials 12.5%
4 Materials 10.24%
5 Energy 9.55%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
IIIN icon
101
Insteel Industries
IIIN
$633M
$10.5M 0.2%
649,222
-25,000
-4% -$420K
CASS icon
102
Cass Information Systems
CASS
$698M
$10.3M 0.2%
255,887
-72,231
-22% -$3M
BELFB
103
Bel Fuse Inc Class B
BELFB
$3.88B
$9.26M 0.18%
530,821
-308,949
-37% -$5.03M
AEO icon
104
American Eagle Outfitters
AEO
$2.85B
$8.65M 0.17%
618,067
+66,765
+12% +$1.12M
SUP
105
DELISTED
Superior Industries International
SUP
$7.84M 0.15%
439,701
-1,173,453
-73% -$21.1M
CSWC icon
106
Capital Southwest
CSWC
$1.46B
$7.78M 0.15%
619,361
– –
CCRN
107
DELISTED
Cross Country Healthcare
CCRN
$6.88M 0.13%
1,135,308
-361,103
-24% -$2.07M
BTZ icon
108
BlackRock Credit Allocation Income Trust
BTZ
$927M
$5.83M 0.11%
+447,448
New +$5.63M
STLY
109
DELISTED
Stanley Furniture Co Inc
STLY
$5.78M 0.11%
1,559,077
-82,639
-5% -$297K
DHG
110
DELISTED
Deutsche High Incm Opportunities
DHG
$5M 0.1%
+353,260
New +$4.97M
FPO
111
DELISTED
First Potomac Realty Trust
FPO
$4.88M 0.09%
388,415
-3,950
-1% -$52K
IAG icon
112
IAMGOLD
IAG
$8.47B
$4.73M 0.09%
995,315
+669,745
+206% +$3.51M
COWN
113
DELISTED
Cowen Inc. Class A Common Stock
COWN
$4.63M 0.09%
335,440
-57,345
-15% -$765K
KELYA icon
114
Kelly Services Class A
KELYA
$526M
$4.38M 0.08%
225,000
-59,300
-21% -$1.13M
GM icon
115
General Motors
GM
$74.7B
$4.37M 0.08%
121,467
– –
RFP
116
DELISTED
Resolute Forest Products Inc.
RFP
$4.17M 0.08%
315,495
– –
KRNY icon
117
Kearny Financial
KRNY
$592M
$3.91M 0.08%
527,697
-103,530
-16% -$767K
MHY
118
DELISTED
WESTERN ASSET MANAGED HIGH INCOM FD INC. COM
MHY
$3.81M 0.07%
+669,372
New +$3.75M
AUY
119
DELISTED
Yamana Gold, Inc.
AUY
$3.42M 0.07%
328,100
+183,000
+126% +$1.93M
HYB
120
DELISTED
New America High Income Fund, Inc.
HYB
$3.17M 0.06%
+333,065
New +$3.18M
CQB
121
DELISTED
CHIQUITA BRANDS INTL (NEW)
CQB
$3.09M 0.06%
244,155
– –
NHS
122
Neuberger High Yield Strategies Fund Inc
NHS
$252M
$2.99M 0.06%
+229,145
New +$2.95M
FSD
123
DELISTED
FIRST TRUST HIGH INCOME LONG/SHORT FUND
FSD
$2.91M 0.06%
+166,114
New +$2.88M
AKS
124
DELISTED
AK Steel Holding Corp
AKS
$2.67M 0.05%
711,375
– –
CHK
125
DELISTED
Chesapeake Energy Corporation
CHK
$2.59M 0.05%
529
– –
3 4
5
6 7

Similar funds

TFO
Tarbox Family Office Newport Beach, California $616M AUM 18.34% 1-Year Est. Return
VHMC
Value Holdings Management Company Hampton Bays, New York $617M AUM 44.83% 1-Year Est. Return
DTL
Dynamic Technology Lab Singapore $615M AUM 11.3% 1-Year Est. Return
ACP
Albar Capital Partners London, United Kingdom $618M AUM 60.79% 1-Year Est. Return
MC
McMorgan & Co San Francisco, California $618M AUM 8.76% 1-Year Est. Return
BWP
Burling Wealth Partners Chicago, Illinois $618M AUM 17.33% 1-Year Est. Return
AMG
Asset Management Group Stamford, Connecticut $619M AUM 15.97% 1-Year Est. Return
CT
Clearstead Trust Portland, Maine $613M AUM 25.73% 1-Year Est. Return

Third Avenue Management's Q3 2013 Portfolio in Review

As of Q3 2013, Third Avenue Management held 169 positions worth $5.17B, up 1.5% from $5.1B the previous quarter. Its ten largest holdings account for 35% of the portfolio.

Third Avenue Management withdrew a net $252M in Q3 2013, closing 6 positions and reducing 52 holdings. Its most notable exit was Applied Materials, an estimated $132M position sold in full.

By sector, the portfolio is most concentrated in Financials at 25% of assets, down from 28% a quarter earlier, followed by Real Estate and Industrials.

Against the trend, Third Avenue Management opened a new position in Tanger worth $45.5M.

  • Third Avenue Management's largest Q3 2013 buy was Tanger: 1,394,811 shares worth $45.5M.
  • Third Avenue Management added most to Cavco Industries in Q3 2013, an estimated $102M increase.
  • Third Avenue Management's biggest Q3 2013 reduction was KeyCorp, cutting an estimated $93.4M.
  • Third Avenue Management fully exited Applied Materials in Q3 2013, selling an estimated $132M.
  • Third Avenue Management's ten largest holdings make up 35% of its $5.17B portfolio in Q3 2013.
  • Third Avenue Management opened 24 new positions and closed 6 in Q3 2013.
  • Third Avenue Management's portfolio value rose 1.5% quarter-over-quarter to $5.17B.

Based on Third Avenue Management's 13F filing for Q3 2013, filed 14 Nov 2013.