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TAM

Third Avenue Management Portfolio holdings

AUM $616M
1-Year Est. Return 45.6%
This Fund
S&P 500
This Quarter Est. Return
+1.23%
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
$3.99B
AUM Growth
+$21.9M
Cap. Flow
-$1.04M
Cap. Flow %
-0.03%
Top 10 Hldgs %
38.03%
Holding
149
New
10
Increased
58
Reduced
37
Closed
16

Top Buys

Rank Stock Value
1
MAC icon
Macerich
MAC
+$55M
2
PNC icon
PNC Financial Services
PNC
+$49.2M
3
WY icon
Weyerhaeuser
WY
+$30.2M
4
RYN icon
Rayonier
RYN
+$24.4M
5
CMA
Comerica
CMA
+$18.8M

Top Sells

Rank Stock Value
1
TGT icon
Target
TGT
+$57.2M
2
KEY icon
KeyCorp
KEY
+$46.6M
3
HT
Hersha Hospitality Trust Priority Class A Common Shares of Beneficial Interest
HT
+$25.2M
4
BNY
Bank of New York Mellon
BNY
+$16.7M
5
BN icon
Brookfield
BN
+$10.4M

Sector Composition

Rank Sector Weight
1 Real Estate 31.64%
2 Financials 24.47%
3 Consumer Discretionary 9.13%
4 Industrials 7.36%
5 Energy 5.66%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
OVV icon
126
Ovintiv
OVV
$17.5B
$286K 0.01%
5,120
– –
TTE icon
127
TotalEnergies
TTE
$193B
$226K 0.01%
4,559
+358
+9% +$18.4K
CMO
128
DELISTED
Capstead Mortgage Corp.
CMO
$147K ﹤0.01%
12,500
– –
NLY icon
129
Annaly Capital Management
NLY
$16.9B
$137K ﹤0.01%
3,304
– –
VOD icon
130
Vodafone
VOD
$34.9B
$110K ﹤0.01%
+3,372
New +$116K
HTS
131
DELISTED
HATTERAS FINANCIAL CORP
HTS
$102K ﹤0.01%
+5,630
New +$103K
VZ icon
132
Verizon
VZ
$194B
$68K ﹤0.01%
+1,395
New +$67.3K
FCE.B
133
DELISTED
Forest City Realty Trust, Inc.
FCE.B
$63K ﹤0.01%
+2,452
New +$60.7K
AIG icon
134
American International
AIG
$41.9B
– –
-28,200
Closed -$1.58M
ALLY icon
135
Ally Financial
ALLY
$13.1B
– –
-149,500
Closed -$3.53M
EXLS icon
136
EXL Service
EXLS
$4.23B
– –
-75,035
Closed -$431K
MSGS icon
137
Madison Square Garden
MSGS
$9.54B
– –
-14,094
Closed -$757K
NAVI icon
138
Navient
NAVI
$774M
– –
-71,100
Closed -$1.54M
RRX icon
139
Regal Rexnord
RRX
$14.2B
– –
-56,756
Closed -$4.27M
SNY icon
140
Sanofi
SNY
$104B
– –
-10,704
Closed -$488K
TGT icon
141
Target
TGT
$62.1B
– –
-753,665
Closed -$57.2M
VOYA icon
142
Voya Financial
VOYA
$8.94B
– –
-20,000
Closed -$848K
VTOL icon
143
Bristow Group
VTOL
$1.35B
– –
-122,261
Closed -$5.17M
HT
144
DELISTED
Hersha Hospitality Trust Priority Class A Common Shares of Beneficial Interest
HT
– –
-895,424
Closed -$25.2M
CTB
145
DELISTED
Cooper Tire & Rubber Co.
CTB
– –
-64,854
Closed -$2.25M
PNK
146
DELISTED
Pinnacle Entertainment Inc.
PNK
– –
-255,200
Closed -$5.68M
ISLE
147
DELISTED
Isle of Capri Casinos Inc
ISLE
– –
-35,743
Closed -$299K
FST
148
DELISTED
FOREST OIL CORPORATION
FST
– –
-4,000,000
Closed -$900K
2 3 4 5
6

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ACP
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MC
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BWP
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AMG
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Third Avenue Management's Q1 2015 Portfolio in Review

As of Q1 2015, Third Avenue Management held 149 positions worth $3.99B, up 0.55% from $3.97B the previous quarter. Its ten largest holdings account for 38% of the portfolio.

Third Avenue Management's Q1 2015 filing shows 10 new, 58 increased, 37 reduced and 16 closed positions. Its largest new stake was Macerich: 629,026 shares worth $53M. The largest sale was Target, an estimated $57.2M.

By sector, the portfolio is most concentrated in Real Estate at 32% of assets, up from 29% a quarter earlier, followed by Financials and Consumer Discretionary.

  • Third Avenue Management's largest Q1 2015 buy was Macerich: 629,026 shares worth $53M.
  • Third Avenue Management added most to PNC Financial Services in Q1 2015, an estimated $49.2M increase.
  • Third Avenue Management's biggest Q1 2015 reduction was KeyCorp, cutting an estimated $46.6M.
  • Third Avenue Management fully exited Target in Q1 2015, selling an estimated $57.2M.
  • Third Avenue Management's ten largest holdings make up 38% of its $3.99B portfolio in Q1 2015.
  • Third Avenue Management opened 10 new positions and closed 16 in Q1 2015.
  • Third Avenue Management's portfolio value rose 0.55% quarter-over-quarter to $3.99B.

Based on Third Avenue Management's 13F filing for Q1 2015, filed 14 May 2015.