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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
+3.96%
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
$2.22B
AUM Growth
-$29.5M
(-1.3%)
Cap. Flow
-$108M
Cap. Flow
% of AUM
-4.86%
Top 10 Holdings %
Top 10 Hldgs %
49.05%
Holding
118
New
3
Increased
24
Reduced
44
Closed
8
Avg Time Held
10
quarters
Top 10 Avg Time Held
10
quarters
Top 20 Avg Time Held
9.7
quarters
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Kimco Realty
KIM
|
+$21.2M |
| 2 |
Macerich
MAC
|
+$19.4M |
| 3 |
Johnson Controls International
JCI
|
+$17.4M |
| 4 |
Tidewater
TDW
|
+$16.9M |
| 5 |
JBG SMITH
JBGS
|
+$10.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Brookdale Senior Living
BKD
|
+$30.4M |
| 2 |
Ralph Lauren
RL
|
+$28.8M |
| 3 |
Avnet
AVT
|
+$19.3M |
| 4 |
LivaNova
LIVN
|
+$19.1M |
| 5 |
Bank of New York Mellon
BNY
|
+$11.1M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Real Estate | 32.31% |
| 2 | Financials | 26.33% |
| 3 | Consumer Discretionary | 12.7% |
| 4 | Industrials | 10.56% |
| 5 | Healthcare | 4.46% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
101
DELISTED
Comerica Incorporated Ws
CMA.WS
| $1.57M | 0.07% |
33,300
| – | – |
2013 Q2
17 quarters
|
|
|
CTT
102
DELISTED
CATCHMARK TIMBER TRUST, INC.
CTT
| $1.01M | 0.05% |
80,000
| – | – |
2015 Q3
8 quarters
|
|
|
CDR
103
DELISTED
Cedar Realty Trust, Inc
CDR
| $988K | 0.04% |
26,621
| – | – |
2017 Q1
2 quarters
|
|
|
104
Ralph Lauren
RL
$22.3B
| $844K | 0.04% |
9,556
-349,990
| -97% | -$28.8M |
2016 Q1
6 quarters
|
|
105
NexPoint Residential Trust
NXRT
$492M
| $594K | 0.03% |
25,000
| – | – |
2016 Q2
5 quarters
|
|
|
106
Avnet
AVT
$8.19B
| $526K | 0.02% |
13,379
-503,413
| -97% | -$19.3M |
2017 Q1
2 quarters
|
|
107
Valmont Industries
VMI
$9.11B
| $285K | 0.01% |
1,799
-183
| -9% | -$27.6K |
2014 Q4
11 quarters
|
|
|
SHPG
108
DELISTED
Shire pic
SHPG
| $229K | 0.01% |
1,491
-67,833
| -98% | -$10.6M |
2016 Q2
5 quarters
|
|
109
TotalEnergies
TTE
$196B
| $53K | ﹤0.01% |
984
| – | – |
2014 Q4
11 quarters
|
|
110
Vodafone
VOD
$36B
| $36K | ﹤0.01% |
1,259
| – | – |
2015 Q1
10 quarters
|
|
111
ANI Pharmaceuticals
ANIP
$1.63B
| – | – |
-49,933
| Closed | -$2.34M | – |
|
|
112
Brookdale Senior Living
BKD
$2.42B
| – | – |
-2,064,320
| Closed | -$30.4M | – |
|
113
Designer Brands
DBI
$300M
| – | – |
-248,400
| Closed | -$4.4M | – |
|
114
G-III Apparel Group
GIII
$1.18B
| – | – |
-194,701
| Closed | -$4.86M | – |
|
115
DELISTED
CIRCOR International, Inc
CIR
| – | – |
-22,467
| Closed | -$1.33M | – |
|
|
UCP
116
DELISTED
UCP, Inc.
UCP
| – | – |
-63,659
| Closed | -$698K | – |
|
|
FPO
117
DELISTED
First Potomac Realty Trust
FPO
| – | – |
-80,000
| Closed | -$889K | – |
|
118
DELISTED
VCA Inc.
WOOF
| – | – |
-57,158
| Closed | -$5.28M | – |
|
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Third Avenue Management's Q3 2017 Portfolio in Review
As of Q3 2017, Third Avenue Management held 118 positions worth $2.22B, down 1.3% from $2.25B the previous quarter. Its ten largest holdings account for 49% of the portfolio.
Third Avenue Management withdrew a net $108M in Q3 2017, closing 8 positions and reducing 44 holdings. Its most notable exit was Brookdale Senior Living, an estimated $30.4M position sold in full.
By sector, the portfolio is most concentrated in Real Estate at 32% of assets, up from 30% a quarter earlier, followed by Financials and Consumer Discretionary.
Against the trend, Third Avenue Management opened a new position in Kimco Realty worth $21.1M.
- Third Avenue Management's largest Q3 2017 buy was Kimco Realty: 1,080,300 shares worth $21.1M.
- Third Avenue Management added most to Macerich in Q3 2017, an estimated $19.4M increase.
- Third Avenue Management's biggest Q3 2017 reduction was Ralph Lauren, cutting an estimated $28.8M.
- Third Avenue Management fully exited Brookdale Senior Living in Q3 2017, selling an estimated $30.4M.
- Third Avenue Management's ten largest holdings make up 49% of its $2.22B portfolio in Q3 2017.
- Third Avenue Management opened 3 new positions and closed 8 in Q3 2017.
- Third Avenue Management's portfolio value fell 1.3% quarter-over-quarter to $2.22B.
Based on Third Avenue Management's 13F filing for Q3 2017, filed 26 Oct 2017.