We are live on ! Find out more
TAM

Third Avenue Management Portfolio holdings

AUM $616M
1-Year Est. Return 45.6%
This Fund
S&P 500
This Quarter Est. Return
+2.46%
1 Year Est. Return
+45.6%
3 Year Est. Return
+111.18%
5 Year Est. Return
+162.64%
10 Year Est. Return
+374.2%
AUM
$5.16B
AUM Growth
-$293M
Cap. Flow
-$392M
Cap. Flow %
-7.6%
Top 10 Hldgs %
30.12%
Holding
181
New
11
Increased
41
Reduced
61
Closed
24

Top Buys

Rank Stock Value
1
G icon
Genpact
G
+$36.3M
2
APA icon
APA Corp
APA
+$31.7M
3
LABL
Multi-Color Corp
LABL
+$28.7M
4
EQC
Equity Commonwealth
EQC
+$27.1M
5
PHH
PHH Corporation
PHH
+$24M

Top Sells

Rank Stock Value
1
BNY
Bank of New York Mellon
BNY
+$60.2M
2
PKY
Parkway, Inc.
PKY
+$56.2M
3
JEF icon
Jefferies Financial Group
JEF
+$55.9M
4
WY icon
Weyerhaeuser
WY
+$50.5M
5
WTM icon
White Mountains Insurance
WTM
+$48.6M

Sector Composition

Rank Sector Weight
1 Financials 23.79%
2 Real Estate 15.33%
3 Industrials 11.08%
4 Materials 10.72%
5 Energy 10.17%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
PCI
126
DELISTED
PIMCO Dynamic Credit and Mortgage Income Fund
PCI
$4.05M 0.08%
179,209
– –
MHY
127
DELISTED
WESTERN ASSET MANAGED HIGH INCOM FD INC. COM
MHY
$3.84M 0.07%
669,372
– –
B
128
Barrick Mining
B
$62.2B
$3.66M 0.07%
205,069
-44,378
-18% -$858K
COWN
129
DELISTED
Cowen Inc. Class A Common Stock
COWN
$3.2M 0.06%
181,527
-46,682
-20% -$769K
CQB
130
DELISTED
CHIQUITA BRANDS INTL (NEW)
CQB
$3.04M 0.06%
244,155
– –
FHY
131
DELISTED
First Trust Strategic High
FHY
$2.93M 0.06%
184,032
+6,791
+4% +$107K
CMA.WS
132
DELISTED
Comerica Incorporated Ws
CMA.WS
$2.92M 0.06%
130,000
– –
SBSA
133
DELISTED
Spanish Broadcasting System Inc.
SBSA
$2.54M 0.05%
432,637
+49,951
+13% +$232K
EAD
134
Allspring Income Opportunities Fund
EAD
$372M
$2.29M 0.04%
242,850
+8,724
+4% +$81.1K
GHY
135
PGIM Global High Yield Fund
GHY
$478M
$2.24M 0.04%
127,306
+2,660
+2% +$46.9K
BGH
136
Barings Global Short Duration High Yield Fund
BGH
$281M
$2.01M 0.04%
84,032
+2,685
+3% +$64K
DNN icon
137
Denison Mines
DNN
$2.63B
$1.84M 0.04%
+1,245,100
New +$1.75M
ALX
138
Alexander's
ALX
$1.4B
$1.8M 0.04%
5,000
– –
TRNO icon
139
Terreno Realty
TRNO
$7.68B
$1.56M 0.03%
82,290
-39,000
-32% -$702K
CIF
140
DELISTED
MFS Intermediate High Income Fund
CIF
$1.55M 0.03%
524,984
– –
TRC.WS
141
DELISTED
TEJON RANCH CO WTS EXP 8/31/2016 (DE)
TRC.WS
$1.36M 0.03%
372,079
– –
SIR
142
DELISTED
SELECT INCOME REIT
SIR
$1.21M 0.02%
91,000
– –
TPL icon
143
Texas Pacific Land
TPL
$28.9B
$1.16M 0.02%
+80,424
New +$1.05M
HIO
144
Western Asset High Income Opportunity Fund
HIO
$335M
$1.09M 0.02%
179,449
– –
KGC icon
145
Kinross Gold
KGC
$28.5B
$1.08M 0.02%
259,956
-6,565,198
-96% -$31.5M
SNY icon
146
Sanofi
SNY
$104B
$821K 0.02%
15,706
-399
-2% -$20.2K
KIM icon
147
Kimco Realty
KIM
$17.6B
$570K 0.01%
26,045
– –
COF.WS
148
DELISTED
Capital One Financial Corp
COF.WS
$530K 0.01%
15,000
– –
AKR icon
149
Acadia Realty Trust
AKR
$2.99B
$528K 0.01%
19,999
– –
PSB
150
DELISTED
PS Business Parks, Inc.
PSB
$510K 0.01%
6,100
– –
4 5
6
7 8

Similar funds

TFO
Tarbox Family Office Newport Beach, California $616M AUM 18.34% 1-Year Est. Return
VHMC
Value Holdings Management Company Hampton Bays, New York $617M AUM 44.83% 1-Year Est. Return
DTL
Dynamic Technology Lab Singapore $615M AUM 11.3% 1-Year Est. Return
ACP
Albar Capital Partners London, United Kingdom $618M AUM 60.79% 1-Year Est. Return
MC
McMorgan & Co San Francisco, California $618M AUM 8.76% 1-Year Est. Return
BWP
Burling Wealth Partners Chicago, Illinois $618M AUM 17.33% 1-Year Est. Return
AMG
Asset Management Group Stamford, Connecticut $619M AUM 15.97% 1-Year Est. Return
CT
Clearstead Trust Portland, Maine $613M AUM 25.73% 1-Year Est. Return

Third Avenue Management's Q1 2014 Portfolio in Review

As of Q1 2014, Third Avenue Management held 181 positions worth $5.16B, down 5.4% from $5.46B the previous quarter. Its ten largest holdings account for 30% of the portfolio.

Third Avenue Management withdrew a net $392M in Q1 2014, closing 24 positions and reducing 61 holdings. Its most notable exit was Parkway, Inc., an estimated $56.2M position sold in full.

By sector, the portfolio is most concentrated in Financials at 24% of assets, down from 26% a quarter earlier, followed by Real Estate and Industrials.

Against the trend, Third Avenue Management opened a new position in Genpact worth $37.5M.

  • Third Avenue Management's largest Q1 2014 buy was Genpact: 2,149,998 shares worth $37.5M.
  • Third Avenue Management added most to APA Corp in Q1 2014, an estimated $31.7M increase.
  • Third Avenue Management's biggest Q1 2014 reduction was Bank of New York Mellon, cutting an estimated $60.2M.
  • Third Avenue Management fully exited Parkway, Inc. in Q1 2014, selling an estimated $56.2M.
  • Third Avenue Management's ten largest holdings make up 30% of its $5.16B portfolio in Q1 2014.
  • Third Avenue Management opened 11 new positions and closed 24 in Q1 2014.
  • Third Avenue Management's portfolio value fell 5.4% quarter-over-quarter to $5.16B.

Based on Third Avenue Management's 13F filing for Q1 2014, filed 14 May 2014.