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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
+5.19%
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
$2.19B
AUM Growth
-$18.3M
(-0.83%)
Cap. Flow
-$111M
Cap. Flow
% of AUM
-5.06%
Top 10 Holdings %
Top 10 Hldgs %
48.15%
Holding
120
New
6
Increased
36
Reduced
36
Closed
8
Avg Time Held
9.1
quarters
Top 10 Avg Time Held
8.9
quarters
Top 20 Avg Time Held
8.6
quarters
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
EOG Resources
EOG
|
+$15.6M |
| 2 |
Avnet
AVT
|
+$13.2M |
| 3 |
Macerich
MAC
|
+$7.97M |
| 4 |
Ralph Lauren
RL
|
+$7.47M |
| 5 |
Trinity Place Holdings Inc.com
TPHS
|
+$4.93M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
HAR
Harman International Industries
HAR
|
+$43.9M |
| 2 |
AGCO
AGCO
|
+$21.7M |
| 3 |
CVA
Covanta Holding Corporation
CVA
|
+$18.3M |
| 4 |
APA Corp
APA
|
+$16.3M |
| 5 |
Paramount Global Class B
PARA
|
+$13.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Real Estate | 28.66% |
| 2 | Financials | 27.25% |
| 3 | Consumer Discretionary | 15.58% |
| 4 | Industrials | 10.24% |
| 5 | Healthcare | 6.38% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
101
DELISTED
Comerica Incorporated Ws
CMA.WS
| $1.5M | 0.07% |
38,300
| – | – |
2013 Q2
15 quarters
|
|
102
Century Communities
CCS
$1.58B
| $1.45M | 0.07% |
56,974
-38,000
| -40% | -$879K |
2014 Q3
10 quarters
|
|
103
DELISTED
CIRCOR International, Inc
CIR
| $1.33M | 0.06% |
22,467
-3,800
| -14% | -$234K |
2015 Q1
8 quarters
|
|
104
Tanger
SKT
$3.99B
| $1.22M | 0.06% |
37,119
-400
| -1% | -$13.5K |
2013 Q3
14 quarters
|
|
|
CTT
105
DELISTED
CATCHMARK TIMBER TRUST, INC.
CTT
| $922K | 0.04% |
80,000
| – | – |
2015 Q3
6 quarters
|
|
|
CDR
106
DELISTED
Cedar Realty Trust, Inc
CDR
| $882K | 0.04% |
+26,621
| New | +$1.02M |
2017 Q1
0 quarters
|
|
|
FPO
107
DELISTED
First Potomac Realty Trust
FPO
| $822K | 0.04% |
80,000
| – | – |
2015 Q2
7 quarters
|
|
108
NexPoint Residential Trust
NXRT
$492M
| $604K | 0.03% |
25,000
| – | – |
2016 Q2
3 quarters
|
|
109
Valmont Industries
VMI
$9.11B
| $335K | 0.02% |
2,157
+458
| +27% | +$67.6K |
2014 Q4
9 quarters
|
|
110
TotalEnergies
TTE
$196B
| $142K | 0.01% |
2,807
+984
| +54% | +$49.7K |
2014 Q4
9 quarters
|
|
111
Vodafone
VOD
$36B
| $83K | ﹤0.01% |
3,136
+1,259
| +67% | +$32.2K |
2015 Q1
8 quarters
|
|
|
FCE.B
112
DELISTED
Forest City Realty Trust, Inc.
FCE.B
| $20K | ﹤0.01% |
702
| – | – |
2016 Q1
4 quarters
|
|
|
113
AGCO
AGCO
$7.53B
| – | – |
-374,671
| Closed | -$21.7M | – |
|
|
114
APA Corp
APA
$16.8B
| – | – |
-257,260
| Closed | -$16.3M | – |
|
115
Kirby Corp
KEX
$7.22B
| – | – |
-82,600
| Closed | -$5.49M | – |
|
116
Urban One Class D
UONEK
$18.3M
| – | – |
-190,637
| Closed | -$5.53M | – |
|
|
MDRX
117
DELISTED
Veradigm Inc. Common Stock
MDRX
| – | – |
-203,687
| Closed | -$2.08M | – |
|
|
HAR
118
DELISTED
Harman International Industries
HAR
| – | – |
-395,177
| Closed | -$43.9M | – |
|
|
WCIC
119
DELISTED
WCI Communities, Inc.
WCIC
| – | – |
-432,988
| Closed | -$10.2M | – |
|
|
SBSA
120
DELISTED
Spanish Broadcasting System Inc.
SBSA
| – | – |
-639,603
| Closed | -$1.95M | – |
|
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Third Avenue Management's Q1 2017 Portfolio in Review
As of Q1 2017, Third Avenue Management held 120 positions worth $2.19B, down 0.83% from $2.21B the previous quarter. Its ten largest holdings account for 48% of the portfolio.
Third Avenue Management withdrew a net $111M in Q1 2017, closing 8 positions and reducing 36 holdings. Its most notable exit was Harman International Industries, an estimated $43.9M position sold in full.
By sector, the portfolio is most concentrated in Real Estate at 29% of assets, up from 27% a quarter earlier, followed by Financials and Consumer Discretionary.
Against the trend, Third Avenue Management opened a new position in EOG Resources worth $15.3M.
- Third Avenue Management's largest Q1 2017 buy was EOG Resources: 156,897 shares worth $15.3M.
- Third Avenue Management added most to Macerich in Q1 2017, an estimated $7.97M increase.
- Third Avenue Management's biggest Q1 2017 reduction was Covanta Holding Corporation, cutting an estimated $18.3M.
- Third Avenue Management fully exited Harman International Industries in Q1 2017, selling an estimated $43.9M.
- Third Avenue Management's ten largest holdings make up 48% of its $2.19B portfolio in Q1 2017.
- Third Avenue Management opened 6 new positions and closed 8 in Q1 2017.
- Third Avenue Management's portfolio value fell 0.83% quarter-over-quarter to $2.19B.
Based on Third Avenue Management's 13F filing for Q1 2017, filed 15 May 2017.