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
-4.94%
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
$4.77B
AUM Growth
-$418M
Cap. Flow
-$136M
Cap. Flow %
-2.86%
Top 10 Hldgs %
31.69%
Holding
167
New
16
Increased
33
Reduced
47
Closed
21
Avg Time Held
0.9 years
Top 10 Avg Time Held
1 year
Top 20 Avg Time Held
0.9 years

Top Buys

Rank Stock Value
1
ZION icon
Zions Bancorporation
ZION
+$63.4M
2
SFR
Starwood Waypoint Homes
SFR
+$63.1M
3
HOUS icon
Anywhere Real Estate
HOUS
+$47.5M
4
L icon
Loews
L
+$45.5M
5
PARA icon
Paramount Global Class B
PARA
+$40.8M

Top Sells

Rank Stock Value
1
INTC icon
Intel
INTC
+$99.8M
2
OVV icon
Ovintiv
OVV
+$64.8M
3
MTX icon
Minerals Technologies
MTX
+$33.4M
4
PKX icon
POSCO
PKX
+$31.4M
5
EFII
Electronics for Imaging
EFII
+$29.9M

Sector Composition

Rank Sector Weight
1 Financials 24.36%
2 Real Estate 22.05%
3 Industrials 12.02%
4 Technology 8.46%
5 Consumer Discretionary 7.25%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow Held Since
TPL icon
126
Texas Pacific Land
TPL
$24.5B
$1.64M 0.03%
76,887
-1,845
-2% -$37.8K
2014 Q1
2 quarters
UCP
127
DELISTED
UCP, Inc.
UCP
$1.59M 0.03%
+133,342
New +$1.69M
2014 Q3
0 quarters
PDS icon
128
Precision Drilling
PDS
$1.07B
$1.44M 0.03%
6,655
-73,759
-92% -$18.4M
2013 Q2
5 quarters
CCS icon
129
Century Communities
CCS
$1.53B
$1.44M 0.03%
+82,874
New +$1.67M
2014 Q3
0 quarters
AIG icon
130
American International
AIG
$40.5B
$1.08M 0.02%
20,000
+10,000
+100% +$546K
2014 Q2
1 quarter
WCIC
131
DELISTED
WCI Communities, Inc.
WCIC
$1.05M 0.02%
+57,102
New +$1.06M
2014 Q3
0 quarters
FUR
132
DELISTED
WINTHROP REALTY TRUST SHS BENE INT (NEW)
FUR
$904K 0.02%
+60,000
New +$911K
2014 Q3
0 quarters
TRNO icon
133
Terreno Realty
TRNO
$7.06B
$796K 0.02%
42,290
– –
2013 Q2
5 quarters
TRC.WS icon
134
DELISTED
TEJON RANCH CO WTS EXP 8/31/2016 (DE)
TRC.WS
$737K 0.02%
359,332
-12,747
-3% -$29.3K
2013 Q3
4 quarters
SNY icon
135
Sanofi
SNY
$95.3B
$694K 0.01%
12,306
-1,096
-8% -$58.9K
2013 Q2
5 quarters
COF.WS icon
136
DELISTED
Capital One Financial Corp
COF.WS
$601K 0.01%
15,000
– –
2013 Q2
5 quarters
KIM icon
137
Kimco Realty
KIM
$15B
$571K 0.01%
26,045
– –
2013 Q2
5 quarters
AKR icon
138
Acadia Realty Trust
AKR
$2.48B
$552K 0.01%
19,999
– –
2013 Q2
5 quarters
CDR
139
DELISTED
Cedar Realty Trust, Inc
CDR
$472K 0.01%
12,121
– –
2013 Q2
5 quarters
PSB
140
DELISTED
PS Business Parks, Inc.
PSB
$464K 0.01%
6,100
– –
2013 Q2
5 quarters
PNC icon
141
PNC Financial Services
PNC
$86.1B
$366K 0.01%
+4,271
New +$363K
2014 Q3
0 quarters
NAVI icon
142
Navient
NAVI
$868M
$354K 0.01%
+20,000
New +$352K
2014 Q3
0 quarters
PLD icon
143
Prologis
PLD
$124B
$335K 0.01%
8,880
– –
2013 Q2
5 quarters
WFC icon
144
Wells Fargo
WFC
$243B
$244K 0.01%
+4,699
New +$242K
2014 Q3
0 quarters
CMO
145
DELISTED
Capstead Mortgage Corp.
CMO
$153K ﹤0.01%
12,500
– –
2013 Q2
5 quarters
NLY icon
146
Annaly Capital Management
NLY
$13.7B
$141K ﹤0.01%
3,304
– –
2013 Q2
5 quarters
AMH icon
147
American Homes 4 Rent
AMH
$11B
– –
-686,217
Closed -$12.2M –
CALM icon
148
Cal-Maine
CALM
$2.95B
– –
-417,830
Closed -$15.5M –
CIF
149
DELISTED
MFS Intermediate High Income Fund
CIF
– –
-524,984
Closed -$1.54M –
CTO icon
150
CTO Realty Growth
CTO
$767M
– –
-951,828
Closed -$11.9M –
3 4 5
6
7

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Third Avenue Management's Q3 2014 Portfolio in Review

As of Q3 2014, Third Avenue Management held 167 positions worth $4.77B, down 8.1% from $5.18B the previous quarter. Its ten largest holdings account for 32% of the portfolio.

Third Avenue Management's Q3 2014 filing shows 16 new, 33 increased, 47 reduced and 21 closed positions. Its largest new stake was Zions Bancorporation: 2,185,403 shares worth $63.5M. The largest sale was Intel, an estimated $99.8M.

By sector, the portfolio is most concentrated in Financials at 24% of assets, up from 23% a quarter earlier, followed by Real Estate and Industrials.

  • Third Avenue Management's largest Q3 2014 buy was Zions Bancorporation: 2,185,403 shares worth $63.5M.
  • Third Avenue Management added most to Anywhere Real Estate in Q3 2014, an estimated $47.5M increase.
  • Third Avenue Management's biggest Q3 2014 reduction was Ovintiv, cutting an estimated $64.8M.
  • Third Avenue Management fully exited Intel in Q3 2014, selling an estimated $99.8M.
  • Third Avenue Management's ten largest holdings make up 32% of its $4.77B portfolio in Q3 2014.
  • Third Avenue Management opened 16 new positions and closed 21 in Q3 2014.
  • Third Avenue Management's portfolio value fell 8.1% quarter-over-quarter to $4.77B.

Based on Third Avenue Management's 13F filing for Q3 2014, filed 14 Nov 2014.