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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
+5.74%
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
$5.18B
AUM Growth
+$21.6M
(+0.42%)
Cap. Flow
-$232M
Cap. Flow
% of AUM
-4.48%
Top 10 Holdings %
Top 10 Hldgs %
32.21%
Holding
171
New
14
Increased
36
Reduced
72
Closed
20
Avg Time Held
0.8
years
Top 10 Avg Time Held
0.7
years
Top 20 Avg Time Held
0.9
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Weyerhaeuser
WY
|
+$85.7M |
| 2 |
AGCO
AGCO
|
+$55.6M |
| 3 |
Patterson Companies, Inc.
PDCO
|
+$24.4M |
| 4 |
CTB
Cooper Tire & Rubber Co.
CTB
|
+$18M |
| 5 |
Arcos Dorados Holdings
ARCO
|
+$16.5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Compass Minerals
CMP
|
+$38.3M |
| 2 |
Devon Energy
DVN
|
+$35.8M |
| 3 |
Sensient Technologies
SXT
|
+$34.9M |
| 4 |
Brookfield
BN
|
+$34.8M |
| 5 |
SUSS
SUSSER HOLDINGS CORPORATION COMMON STOCK
SUSS
|
+$33.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 22.73% |
| 2 | Real Estate | 17.99% |
| 3 | Industrials | 11.99% |
| 4 | Technology | 10.47% |
| 5 | Energy | 10.08% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
126
Ally Financial
ALLY
$11.5B
| $3.33M | 0.06% |
+139,500
| New | +$3.39M |
2014 Q2
0 quarters
|
|
127
Foster
FSTR
$361M
| $3.16M | 0.06% |
+58,326
| New | +$2.9M |
2014 Q2
0 quarters
|
|
128
General Motors
GM
$73.4B
| $3.14M | 0.06% |
86,467
-35,000
| -29% | -$1.22M |
2013 Q2
4 quarters
|
|
|
FHY
129
DELISTED
First Trust Strategic High
FHY
| $3.08M | 0.06% |
188,173
+4,141
| +2% | +$66.6K |
2013 Q3
3 quarters
|
|
130
DELISTED
Comerica Incorporated Ws
CMA.WS
| $2.74M | 0.05% |
130,000
| – | – |
2013 Q2
4 quarters
|
|
131
Verizon
VZ
$184B
| $2.61M | 0.05% |
53,388
-111,801
| -68% | -$5.42M |
2014 Q1
1 quarter
|
|
|
CIF
132
DELISTED
MFS Intermediate High Income Fund
CIF
| $1.54M | 0.03% |
524,984
| – | – |
2013 Q3
3 quarters
|
|
133
Texas Pacific Land
TPL
$23.9B
| $1.4M | 0.03% |
78,732
-1,692
| -2% | -$27.9K |
2014 Q1
1 quarter
|
|
|
SIR
134
DELISTED
SELECT INCOME REIT
SIR
| $1.19M | 0.02% |
91,000
| – | – |
2013 Q2
4 quarters
|
|
135
Western Asset High Income Opportunity Fund
HIO
$313M
| $1.09M | 0.02% |
179,449
| – | – |
2013 Q3
3 quarters
|
|
136
DELISTED
TEJON RANCH CO WTS EXP 8/31/2016 (DE)
TRC.WS
| $1.09M | 0.02% |
372,079
| – | – |
2013 Q3
3 quarters
|
|
137
Terreno Realty
TRNO
$6.97B
| $817K | 0.02% |
42,290
-40,000
| -49% | -$750K |
2013 Q2
4 quarters
|
|
138
Sanofi
SNY
$96.5B
| $713K | 0.01% |
13,402
-2,304
| -15% | -$122K |
2013 Q2
4 quarters
|
|
139
DELISTED
Capital One Financial Corp
COF.WS
| $608K | 0.01% |
15,000
| – | – |
2013 Q2
4 quarters
|
|
140
Kimco Realty
KIM
$15.2B
| $599K | 0.01% |
26,045
| – | – |
2013 Q2
4 quarters
|
|
141
Acadia Realty Trust
AKR
$2.54B
| $562K | 0.01% |
19,999
| – | – |
2013 Q2
4 quarters
|
|
|
BPY
142
DELISTED
Brookfield Property Partners L.P. Limited Partnership Units
BPY
| $557K | 0.01% |
26,692
| – | – |
2013 Q3
3 quarters
|
|
143
American International
AIG
$41.4B
| $546K | 0.01% |
+10,000
| New | +$529K |
2014 Q2
0 quarters
|
|
|
PSB
144
DELISTED
PS Business Parks, Inc.
PSB
| $509K | 0.01% |
6,100
| – | – |
2013 Q2
4 quarters
|
|
|
CDR
145
DELISTED
Cedar Realty Trust, Inc
CDR
| $500K | 0.01% |
12,121
| – | – |
2013 Q2
4 quarters
|
|
146
Prologis
PLD
$121B
| $365K | 0.01% |
8,880
| – | – |
2013 Q2
4 quarters
|
|
|
CMO
147
DELISTED
Capstead Mortgage Corp.
CMO
| $164K | ﹤0.01% |
12,500
| – | – |
2013 Q2
4 quarters
|
|
148
Annaly Capital Management
NLY
$13.9B
| $151K | ﹤0.01% |
3,304
| – | – |
2013 Q2
4 quarters
|
|
|
STLY
149
DELISTED
Stanley Furniture Co Inc
STLY
| $65K | ﹤0.01% |
24,274
-70,484
| -74% | -$193K |
2013 Q2
4 quarters
|
|
150
Alexander's
ALX
$1.2B
| – | – |
-5,000
| Closed | -$1.8M | – |
|
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Third Avenue Management's Q2 2014 Portfolio in Review
As of Q2 2014, Third Avenue Management held 171 positions worth $5.18B, up 0.42% from $5.16B the previous quarter. Its ten largest holdings account for 32% of the portfolio.
Third Avenue Management withdrew a net $232M in Q2 2014, closing 20 positions and reducing 72 holdings. Its most notable exit was Compass Minerals, an estimated $38.3M position sold in full.
By sector, the portfolio is most concentrated in Financials at 23% of assets, down from 24% a quarter earlier, followed by Real Estate and Industrials.
Against the trend, Third Avenue Management opened a new position in AGCO worth $56.6M.
- Third Avenue Management's largest Q2 2014 buy was AGCO: 1,006,478 shares worth $56.6M.
- Third Avenue Management added most to Weyerhaeuser in Q2 2014, an estimated $85.7M increase.
- Third Avenue Management's biggest Q2 2014 reduction was Devon Energy, cutting an estimated $35.8M.
- Third Avenue Management fully exited Compass Minerals in Q2 2014, selling an estimated $38.3M.
- Third Avenue Management's ten largest holdings make up 32% of its $5.18B portfolio in Q2 2014.
- Third Avenue Management opened 14 new positions and closed 20 in Q2 2014.
- Third Avenue Management's portfolio value rose 0.42% quarter-over-quarter to $5.18B.
Based on Third Avenue Management's 13F filing for Q2 2014, filed 14 Aug 2014.