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 | |
|---|---|---|---|---|---|---|---|
|
LABL
101
DELISTED
Multi-Color Corp
LABL
| $3.56M | 0.09% |
55,712
-13,435
| -19% | -$860K |
2014 Q1
5 quarters
|
|
|
BRS
102
DELISTED
Bristow Group, Inc.
BRS
| $3.42M | 0.09% |
64,243
-63,437
| -50% | -$3.72M |
2013 Q2
8 quarters
|
|
103
ANI Pharmaceuticals
ANIP
$1.61B
| $3.21M | 0.08% |
+51,790
| New | +$3.08M |
2015 Q2
0 quarters
|
|
104
CNH Industrial
CNH
$19.3B
| $3.02M | 0.08% |
+373,672
| New | +$2.86M |
2015 Q2
0 quarters
|
|
105
Century Communities
CCS
$1.53B
| $2.67M | 0.07% |
132,474
| – | – |
2014 Q3
3 quarters
|
|
106
DELISTED
Comerica Incorporated Ws
CMA.WS
| $2.21M | 0.06% |
100,000
| – | – |
2013 Q2
8 quarters
|
|
|
107
Valmont Industries
VMI
$8.98B
| $2.07M | 0.05% |
17,433
-186,649
| -91% | -$23M |
2014 Q4
2 quarters
|
|
|
UCP
108
DELISTED
UCP, Inc.
UCP
| $2.05M | 0.05% |
270,000
+46,200
| +21% | +$386K |
2014 Q3
3 quarters
|
|
109
Forestar Group
FOR
$1.26B
| $1.99M | 0.05% |
151,436
| – | – |
2014 Q2
4 quarters
|
|
|
NOR
110
DELISTED
NORANDA ALUM HLDG CORP COM NEW
NOR
| $1.98M | 0.05% |
+333,434
| New | +$5.34M |
2015 Q2
0 quarters
|
|
111
Wells Fargo
WFC
$243B
| $1.7M | 0.04% |
30,237
+2,300
| +8% | +$128K |
2014 Q3
3 quarters
|
|
|
FPO
112
DELISTED
First Potomac Realty Trust
FPO
| $1.49M | 0.04% |
+145,000
| New | +$1.56M |
2015 Q2
0 quarters
|
|
113
DELISTED
Encore Wire Corp
WIRE
| $1.37M | 0.03% |
30,842
-35,970
| -54% | -$1.56M |
2013 Q2
8 quarters
|
|
114
Terreno Realty
TRNO
$7.06B
| $833K | 0.02% |
42,290
| – | – |
2013 Q2
8 quarters
|
|
115
Powell Industries
POWL
$6.18B
| $751K | 0.02% |
64,050
+6,300
| +11% | +$75.3K |
2014 Q4
2 quarters
|
|
|
EXL
116
DELISTED
EXCEL TRUST , INC COM STK
EXL
| $613K | 0.02% |
38,890
| – | – |
2013 Q2
8 quarters
|
|
117
Advanced Micro Devices
AMD
$932B
| $600K | 0.02% |
+250,000
| New | +$605K |
2015 Q2
0 quarters
|
|
118
Kimco Realty
KIM
$15B
| $587K | 0.01% |
26,045
| – | – |
2013 Q2
8 quarters
|
|
119
Acadia Realty Trust
AKR
$2.48B
| $582K | 0.01% |
19,999
| – | – |
2013 Q2
8 quarters
|
|
|
CDR
120
DELISTED
Cedar Realty Trust, Inc
CDR
| $512K | 0.01% |
12,121
| – | – |
2013 Q2
8 quarters
|
|
|
PSB
121
DELISTED
PS Business Parks, Inc.
PSB
| $440K | 0.01% |
6,100
| – | – |
2013 Q2
8 quarters
|
|
122
Prologis
PLD
$124B
| $329K | 0.01% |
8,880
| – | – |
2013 Q2
8 quarters
|
|
123
DELISTED
TEJON RANCH CO WTS EXP 8/31/2016 (DE)
TRC.WS
| $177K | ﹤0.01% |
359,332
| – | – |
2013 Q3
7 quarters
|
|
124
TotalEnergies
TTE
$198B
| $150K | ﹤0.01% |
3,056
-1,503
| -33% | -$77.8K |
2014 Q4
2 quarters
|
|
|
CMO
125
DELISTED
Capstead Mortgage Corp.
CMO
| $139K | ﹤0.01% |
12,500
| – | – |
2013 Q2
8 quarters
|
|
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APM
DCM
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.