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TAM

Third Avenue Management Portfolio holdings

AUM $625M
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
Cap. Flow
+$92.3M
Cap. Flow %
2.32%
Top 10 Hldgs %
39.43%
Holding
141
New
8
Increased
30
Reduced
37
Closed
12

Top Buys

Rank Stock Value
1
MAC icon
Macerich
MAC
+$88.1M
2
RYN icon
Rayonier
RYN
+$46.4M
3
MAS icon
Masco
MAS
+$46.3M
4
VNO icon
Vornado Realty Trust
VNO
+$35.3M
5
WY icon
Weyerhaeuser
WY
+$29.1M

Top Sells

Rank Stock Value
1
SFR
Starwood Waypoint Homes
SFR
+$68.3M
2
VMI icon
Valmont Industries
VMI
+$23M
3
KEY icon
KeyCorp
KEY
+$18.2M
4
BNY
Bank of New York Mellon
BNY
+$13.7M
5
DVN icon
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
LABL
101
DELISTED
Multi-Color Corp
LABL
$3.56M 0.09%
55,712
-13,435
-19% -$860K
BRS
102
DELISTED
Bristow Group, Inc.
BRS
$3.42M 0.09%
64,243
-63,437
-50% -$3.72M
ANIP icon
103
ANI Pharmaceuticals
ANIP
$1.67B
$3.21M 0.08%
+51,790
New +$3.08M
CNH
104
CNH Industrial
CNH
$18.8B
$3.02M 0.08%
+373,672
New +$2.86M
CCS icon
105
Century Communities
CCS
$1.97B
$2.67M 0.07%
132,474
– –
CMA.WS
106
DELISTED
Comerica Incorporated Ws
CMA.WS
$2.21M 0.06%
100,000
– –
VMI icon
107
Valmont Industries
VMI
$9.19B
$2.07M 0.05%
17,433
-186,649
-91% -$23M
UCP
108
DELISTED
UCP, Inc.
UCP
$2.05M 0.05%
270,000
+46,200
+21% +$386K
FOR icon
109
Forestar Group
FOR
$1.46B
$1.99M 0.05%
151,436
– –
NOR
110
DELISTED
NORANDA ALUM HLDG CORP COM NEW
NOR
$1.98M 0.05%
+333,434
New +$5.34M
WFC icon
111
Wells Fargo
WFC
$262B
$1.7M 0.04%
30,237
+2,300
+8% +$128K
FPO
112
DELISTED
First Potomac Realty Trust
FPO
$1.49M 0.04%
+145,000
New +$1.56M
WIRE
113
DELISTED
Encore Wire Corp
WIRE
$1.37M 0.03%
30,842
-35,970
-54% -$1.56M
TRNO icon
114
Terreno Realty
TRNO
$7.26B
$833K 0.02%
42,290
– –
POWL icon
115
Powell Industries
POWL
$6.66B
$751K 0.02%
64,050
+6,300
+11% +$75.3K
EXL
116
DELISTED
EXCEL TRUST , INC COM STK
EXL
$613K 0.02%
38,890
– –
AMD icon
117
Advanced Micro Devices
AMD
$760B
$600K 0.02%
+250,000
New +$605K
KIM icon
118
Kimco Realty
KIM
$16B
$587K 0.01%
26,045
– –
AKR icon
119
Acadia Realty Trust
AKR
$2.85B
$582K 0.01%
19,999
– –
CDR
120
DELISTED
Cedar Realty Trust, Inc
CDR
$512K 0.01%
12,121
– –
PSB
121
DELISTED
PS Business Parks, Inc.
PSB
$440K 0.01%
6,100
– –
PLD icon
122
Prologis
PLD
$134B
$329K 0.01%
8,880
– –
TRC.WS
123
DELISTED
TEJON RANCH CO WTS EXP 8/31/2016 (DE)
TRC.WS
$177K ﹤0.01%
359,332
– –
TTE icon
124
TotalEnergies
TTE
$191B
$150K ﹤0.01%
3,056
-1,503
-33% -$77.8K
CMO
125
DELISTED
Capstead Mortgage Corp.
CMO
$139K ﹤0.01%
12,500
– –
2 3 4
5
6

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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.