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
(+0.42%)
Cap. Flow
-$232M
Cap. Flow
% of AUM
-4.48%
Top 10 Holdings %
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 |
Weyerhaeuser
WY
|
+$85.7M |
| 2 |
AGCO
AGCO
|
+$55.6M |
| 3 |
Patterson Companies, Inc.
PDCO
|
+$24.4M |
| 4 |
CTB
Cooper Tire & Rubber Co.
CTB
|
+$18M |
| 5 |
Arcos Dorados Holdings
ARCO
|
+$16.5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Compass Minerals
CMP
|
+$38.3M |
| 2 |
Devon Energy
DVN
|
+$35.8M |
| 3 |
Sensient Technologies
SXT
|
+$34.9M |
| 4 |
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 | |
|---|---|---|---|---|---|---|---|
101
American Homes 4 Rent
AMH
$11B
| $12.2M | 0.24% |
686,217
-194,503
| -22% | -$3.32M |
2013 Q4
2 quarters
|
|
102
CTO Realty Growth
CTO
$767M
| $11.9M | 0.23% |
951,828
-1,013,571
| -52% | -$11.8M |
2013 Q2
4 quarters
|
|
103
Urban One Class D
UONEK
$17.6M
| $11.4M | 0.22% |
231,136
+33,078
| +17% | +$1.47M |
2013 Q4
2 quarters
|
|
|
ESND
104
DELISTED
Essendant Inc.
ESND
| $11.4M | 0.22% |
+274,511
| New | +$10.8M |
2014 Q2
0 quarters
|
|
|
FSD
105
DELISTED
FIRST TRUST HIGH INCOME LONG/SHORT FUND
FSD
| $11.1M | 0.21% |
609,023
+11,040
| +2% | +$198K |
2013 Q3
3 quarters
|
|
|
AVX
106
DELISTED
AVX Corporation
AVX
| $10.9M | 0.21% |
819,541
-485,248
| -37% | -$6.44M |
2013 Q2
4 quarters
|
|
107
Forestar Group
FOR
$1.26B
| $9.93M | 0.19% |
+520,060
| New | +$9.24M |
2014 Q2
0 quarters
|
|
108
Nuveen Credit Strategies Income Fund
JQC
$668M
| $9.17M | 0.18% |
+979,439
| New | +$9.16M |
2014 Q2
0 quarters
|
|
109
Western Asset High Yield Opportunity Fund Inc
HYI
$123M
| $9.15M | 0.18% |
510,954
+10,124
| +2% | +$181K |
2013 Q3
3 quarters
|
|
|
FST
110
DELISTED
FOREST OIL CORPORATION
FST
| $9.12M | 0.18% |
4,000,000
| – | – |
2014 Q1
1 quarter
|
|
|
STRZA
111
DELISTED
Starz - Series A
STRZA
| $8.69M | 0.17% |
291,574
-63,438
| -18% | -$1.94M |
2013 Q2
4 quarters
|
|
112
Valley National Bancorp
VLY
$6.86B
| $8.59M | 0.17% |
866,857
-517,552
| -37% | -$5.2M |
2013 Q2
4 quarters
|
|
113
Capital Southwest
CSWC
$1.49B
| $7.65M | 0.15% |
578,501
| – | – |
2013 Q2
4 quarters
|
|
114
DELISTED
Allied Nevada Gold Corp
ANV
| $7.38M | 0.14% |
1,961,723
| – | – |
2013 Q3
3 quarters
|
|
115
Neuberger High Yield Strategies Fund Inc
NHS
$224M
| $6.99M | 0.13% |
504,626
| – | – |
2013 Q3
3 quarters
|
|
|
HYB
116
DELISTED
New America High Income Fund, Inc.
HYB
| $6.4M | 0.12% |
637,883
+12,363
| +2% | +$123K |
2013 Q3
3 quarters
|
|
117
Are Dynamic Credit Allocation Fund
ARDC
$270M
| $6.11M | 0.12% |
335,357
+6,354
| +2% | +$116K |
2013 Q4
2 quarters
|
|
|
DHG
118
DELISTED
Deutsche High Incm Opportunities
DHG
| $5.81M | 0.11% |
393,556
| – | – |
2013 Q3
3 quarters
|
|
|
AKS
119
DELISTED
AK Steel Holding Corp
AKS
| $5.66M | 0.11% |
711,375
| – | – |
2013 Q2
4 quarters
|
|
|
NOR
120
DELISTED
NORANDA ALUM HLDG CORP COM NEW
NOR
| $5.29M | 0.1% |
214,286
| – | – |
2013 Q4
2 quarters
|
|
121
DELISTED
PIMCO Dynamic Credit and Mortgage Income Fund
PCI
| $4.27M | 0.08% |
179,209
| – | – |
2013 Q4
2 quarters
|
|
122
BlackRock Corporate High Yield Fund
HYT
$1.51B
| $4.14M | 0.08% |
337,088
+4,385
| +1% | +$53.6K |
2013 Q4
2 quarters
|
|
123
DELISTED
WESTERN ASSET MANAGED HIGH INCOM FD INC. COM
MHY
| $3.88M | 0.07% |
669,372
| – | – |
2013 Q3
3 quarters
|
|
124
Kelly Services Class A
KELYA
$548M
| $3.86M | 0.07% |
225,000
| – | – |
2013 Q2
4 quarters
|
|
|
SBSA
125
DELISTED
Spanish Broadcasting System Inc.
SBSA
| $3.84M | 0.07% |
681,637
+249,000
| +58% | +$1.51M |
2013 Q2
4 quarters
|
|
Similar funds
RIP
B
CWM
LWP
FGA
BVC
APM
DCM
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.