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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
+2.65%
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
$2.25B
AUM Growth
+$59.8M
(+2.7%)
Cap. Flow
+$12.3M
Cap. Flow
% of AUM
0.55%
Top 10 Holdings %
Top 10 Hldgs %
48.21%
Holding
121
New
9
Increased
20
Reduced
61
Closed
6
Avg Time Held
2.3
years
Top 10 Avg Time Held
2.5
years
Top 20 Avg Time Held
2.2
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Five Point Holdings
FPH
|
+$37.6M |
| 2 |
Reliance Steel & Aluminium
RS
|
+$23.5M |
| 3 |
Avnet
AVT
|
+$9.21M |
| 4 |
EOG Resources
EOG
|
+$7.62M |
| 5 |
Deutsche Bank
DB
|
+$7.08M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
White Mountains Insurance
WTM
|
+$27.2M |
| 2 |
Cavco Industries
CVCO
|
+$9.62M |
| 3 |
Weyerhaeuser
WY
|
+$9.01M |
| 4 |
Lowe's Companies
LOW
|
+$6.78M |
| 5 |
Devon Energy
DVN
|
+$5.43M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Real Estate | 29.67% |
| 2 | Financials | 26.6% |
| 3 | Consumer Discretionary | 14.15% |
| 4 | Industrials | 10% |
| 5 | Healthcare | 6.69% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
101
ANI Pharmaceuticals
ANIP
$1.61B
| $2.34M | 0.1% |
49,933
| – | – |
2015 Q2
8 quarters
|
|
|
LM
102
DELISTED
Legg Mason, Inc.
LM
| $2.27M | 0.1% |
59,332
-44,800
| -43% | -$1.7M |
2013 Q4
14 quarters
|
|
103
WesBanco
WSBC
$3.5B
| $2.24M | 0.1% |
+56,700
| New | +$2.2M |
2017 Q2
0 quarters
|
|
104
Lennar Class B
LEN.B
$17.4B
| $2.17M | 0.1% |
51,698
-2,443
| -5% | -$98.9K |
2016 Q4
2 quarters
|
|
105
DELISTED
Comerica Incorporated Ws
CMA.WS
| $1.47M | 0.07% |
33,300
-5,000
| -13% | -$204K |
2013 Q2
16 quarters
|
|
106
Century Communities
CCS
$1.53B
| $1.41M | 0.06% |
56,974
| – | – |
2014 Q3
11 quarters
|
|
107
DELISTED
CIRCOR International, Inc
CIR
| $1.33M | 0.06% |
22,467
| – | – |
2015 Q1
9 quarters
|
|
|
CTT
108
DELISTED
CATCHMARK TIMBER TRUST, INC.
CTT
| $910K | 0.04% |
80,000
| – | – |
2015 Q3
7 quarters
|
|
|
FPO
109
DELISTED
First Potomac Realty Trust
FPO
| $889K | 0.04% |
80,000
| – | – |
2015 Q2
8 quarters
|
|
|
CDR
110
DELISTED
Cedar Realty Trust, Inc
CDR
| $853K | 0.04% |
26,621
| – | – |
2017 Q1
1 quarter
|
|
|
UCP
111
DELISTED
UCP, Inc.
UCP
| $698K | 0.03% |
63,659
-106,200
| -63% | -$1.18M |
2014 Q3
11 quarters
|
|
112
NexPoint Residential Trust
NXRT
$467M
| $623K | 0.03% |
25,000
| – | – |
2016 Q2
4 quarters
|
|
113
Valmont Industries
VMI
$8.98B
| $297K | 0.01% |
1,982
-175
| -8% | -$26.3K |
2014 Q4
10 quarters
|
|
114
TotalEnergies
TTE
$198B
| $49K | ﹤0.01% |
984
-1,823
| -65% | -$93.8K |
2014 Q4
10 quarters
|
|
115
Vodafone
VOD
$35.9B
| $37K | ﹤0.01% |
1,259
-1,877
| -60% | -$52.3K |
2015 Q1
9 quarters
|
|
116
1-800-Flowers.com
FLWS
$177M
| – | – |
-404,033
| Closed | -$4.12M | – |
|
117
Vail Resorts
MTN
$5.33B
| – | – |
-21,839
| Closed | -$4.4M | – |
|
118
Tanger
SKT
$3.94B
| – | – |
-37,119
| Closed | -$1.22M | – |
|
119
Teleflex
TFX
$5.22B
| – | – |
-23,007
| Closed | -$4.46M | – |
|
|
FRGI
120
DELISTED
Fiesta Restaurant Group, Inc.
FRGI
| – | – |
-102,678
| Closed | -$2.48M | – |
|
|
FCE.B
121
DELISTED
Forest City Realty Trust, Inc.
FCE.B
| – | – |
-702
| Closed | -$20K | – |
|
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Third Avenue Management's Q2 2017 Portfolio in Review
As of Q2 2017, Third Avenue Management held 121 positions worth $2.25B, up 2.7% from $2.19B the previous quarter. Its ten largest holdings account for 48% of the portfolio.
Third Avenue Management's Q2 2017 filing shows 9 new, 20 increased, 61 reduced and 6 closed positions. Its largest new stake was Five Point Holdings: 2,466,661 shares worth $36.4M. The largest sale was White Mountains Insurance, an estimated $27.2M.
By sector, the portfolio is most concentrated in Real Estate at 30% of assets, up from 29% a quarter earlier, followed by Financials and Consumer Discretionary.
- Third Avenue Management's largest Q2 2017 buy was Five Point Holdings: 2,466,661 shares worth $36.4M.
- Third Avenue Management added most to Avnet in Q2 2017, an estimated $9.21M increase.
- Third Avenue Management's biggest Q2 2017 reduction was White Mountains Insurance, cutting an estimated $27.2M.
- Third Avenue Management fully exited Teleflex in Q2 2017, selling an estimated $4.46M.
- Third Avenue Management's ten largest holdings make up 48% of its $2.25B portfolio in Q2 2017.
- Third Avenue Management opened 9 new positions and closed 6 in Q2 2017.
- Third Avenue Management's portfolio value rose 2.7% quarter-over-quarter to $2.25B.
Based on Third Avenue Management's 13F filing for Q2 2017, filed 14 Aug 2017.