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
-4.94%
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
$4.77B
AUM Growth
-$418M
Cap. Flow
-$136M
Cap. Flow %
-2.86%
Top 10 Hldgs %
31.69%
Holding
167
New
16
Increased
33
Reduced
47
Closed
21
Avg Time Held
0.9 years
Top 10 Avg Time Held
1 year
Top 20 Avg Time Held
0.9 years

Top Buys

Rank Stock Value
1
ZION icon
Zions Bancorporation
ZION
+$63.4M
2
SFR
Starwood Waypoint Homes
SFR
+$63.1M
3
HOUS icon
Anywhere Real Estate
HOUS
+$47.5M
4
L icon
Loews
L
+$45.5M
5
PARA icon
Paramount Global Class B
PARA
+$40.8M

Top Sells

Rank Stock Value
1
INTC icon
Intel
INTC
+$99.8M
2
OVV icon
Ovintiv
OVV
+$64.8M
3
MTX icon
Minerals Technologies
MTX
+$33.4M
4
PKX icon
POSCO
PKX
+$31.4M
5
EFII
Electronics for Imaging
EFII
+$29.9M

Sector Composition

Rank Sector Weight
1 Financials 24.36%
2 Real Estate 22.05%
3 Industrials 12.02%
4 Technology 8.46%
5 Consumer Discretionary 7.25%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow Held Since
VLY icon
101
Valley National Bancorp
VLY
$6.8B
$8.4M 0.18%
866,857
– –
2013 Q2
5 quarters
FOR icon
102
Forestar Group
FOR
$1.26B
$8.38M 0.18%
472,831
-47,229
-9% -$905K
2014 Q2
1 quarter
WIRE icon
103
DELISTED
Encore Wire Corp
WIRE
$7.75M 0.16%
208,829
-106,286
-34% -$4.63M
2013 Q2
5 quarters
ISLE
104
DELISTED
Isle of Capri Casinos Inc
ISLE
$7.5M 0.16%
999,955
+561,500
+128% +$4.55M
2014 Q2
1 quarter
UONEK icon
105
Urban One Class D
UONEK
$16.9M
$7.35M 0.15%
231,136
– –
2013 Q4
3 quarters
NOR
106
DELISTED
NORANDA ALUM HLDG CORP COM NEW
NOR
$6.78M 0.14%
214,286
– –
2013 Q4
3 quarters
NHS icon
107
Neuberger High Yield Strategies Fund Inc
NHS
$223M
$6.51M 0.14%
504,626
– –
2013 Q3
4 quarters
ANV icon
108
DELISTED
Allied Nevada Gold Corp
ANV
$6.49M 0.14%
1,961,723
– –
2013 Q3
4 quarters
PNK
109
DELISTED
Pinnacle Entertainment Inc.
PNK
$6.4M 0.13%
+255,200
New +$6.26M
2014 Q3
0 quarters
CLH icon
110
Clean Harbors
CLH
$16.8B
$6.15M 0.13%
+114,083
New +$6.71M
2014 Q3
0 quarters
HYB
111
DELISTED
New America High Income Fund, Inc.
HYB
$6.12M 0.13%
650,628
+12,745
+2% +$124K
2013 Q3
4 quarters
ARDC icon
112
Are Dynamic Credit Allocation Fund
ARDC
$269M
$5.83M 0.12%
341,996
+6,639
+2% +$117K
2013 Q4
3 quarters
DHG
113
DELISTED
Deutsche High Incm Opportunities
DHG
$5.76M 0.12%
393,556
– –
2013 Q3
4 quarters
AKS
114
DELISTED
AK Steel Holding Corp
AKS
$5.7M 0.12%
711,375
– –
2013 Q2
5 quarters
CSWC icon
115
Capital Southwest
CSWC
$1.5B
$5.38M 0.11%
409,548
-168,953
-29% -$2.3M
2013 Q2
5 quarters
MHY icon
116
DELISTED
WESTERN ASSET MANAGED HIGH INCOM FD INC. COM
MHY
$5.17M 0.11%
934,572
+265,200
+40% +$1.49M
2013 Q3
4 quarters
FST
117
DELISTED
FOREST OIL CORPORATION
FST
$4.68M 0.1%
4,000,000
– –
2014 Q1
2 quarters
GM icon
118
General Motors
GM
$72.7B
$3.67M 0.08%
114,967
+28,500
+33% +$993K
2013 Q2
5 quarters
KELYA icon
119
Kelly Services Class A
KELYA
$544M
$3.53M 0.07%
225,000
– –
2013 Q2
5 quarters
BTZ icon
120
BlackRock Credit Allocation Income Trust
BTZ
$872M
$3.5M 0.07%
263,340
-786,211
-75% -$10.6M
2013 Q3
4 quarters
EXL
121
DELISTED
EXCEL TRUST , INC COM STK
EXL
$3.38M 0.07%
287,615
-650,976
-69% -$8.34M
2013 Q2
5 quarters
ALLY icon
122
Ally Financial
ALLY
$11.1B
$3.23M 0.07%
139,500
– –
2014 Q2
1 quarter
FSTR icon
123
Foster
FSTR
$363M
$3.07M 0.06%
66,826
+8,500
+15% +$434K
2014 Q2
1 quarter
SBSA
124
DELISTED
Spanish Broadcasting System Inc.
SBSA
$2.86M 0.06%
681,637
– –
2013 Q2
5 quarters
CMA.WS icon
125
DELISTED
Comerica Incorporated Ws
CMA.WS
$2.67M 0.06%
130,000
– –
2013 Q2
5 quarters
3 4
5
6 7

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B
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CWM
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LWP
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FGA
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Third Avenue Management's Q3 2014 Portfolio in Review

As of Q3 2014, Third Avenue Management held 167 positions worth $4.77B, down 8.1% from $5.18B the previous quarter. Its ten largest holdings account for 32% of the portfolio.

Third Avenue Management's Q3 2014 filing shows 16 new, 33 increased, 47 reduced and 21 closed positions. Its largest new stake was Zions Bancorporation: 2,185,403 shares worth $63.5M. The largest sale was Intel, an estimated $99.8M.

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

  • Third Avenue Management's largest Q3 2014 buy was Zions Bancorporation: 2,185,403 shares worth $63.5M.
  • Third Avenue Management added most to Anywhere Real Estate in Q3 2014, an estimated $47.5M increase.
  • Third Avenue Management's biggest Q3 2014 reduction was Ovintiv, cutting an estimated $64.8M.
  • Third Avenue Management fully exited Intel in Q3 2014, selling an estimated $99.8M.
  • Third Avenue Management's ten largest holdings make up 32% of its $4.77B portfolio in Q3 2014.
  • Third Avenue Management opened 16 new positions and closed 21 in Q3 2014.
  • Third Avenue Management's portfolio value fell 8.1% quarter-over-quarter to $4.77B.

Based on Third Avenue Management's 13F filing for Q3 2014, filed 14 Nov 2014.