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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
+8.57%
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
$5.46B
AUM Growth
+$285M
Cap. Flow
-$82.6M
Cap. Flow %
-1.51%
Top 10 Hldgs %
33.81%
Holding
187
New
24
Increased
48
Reduced
72
Closed
17

Top Buys

Rank Stock Value
1
PKY
Parkway, Inc.
PKY
+$52.3M
2
PPS
Post Properties
PPS
+$34.1M
3
LM
Legg Mason, Inc.
LM
+$33.2M
4
IDCC icon
InterDigital
IDCC
+$26.5M
5
CSGS
CSG Systems International
CSGS
+$26.3M

Top Sells

Rank Stock Value
1
TLAB
TELLABS INC
TLAB
+$82.9M
2
TPGI
THOMAS PROPERTIES GROUP INC
TPGI
+$51.3M
3
OSK icon
Oshkosh
OSK
+$40.1M
4
DVN icon
Devon Energy
DVN
+$37.1M
5
ENS icon
EnerSys
ENS
+$29M

Sector Composition

Rank Sector Weight
1 Financials 26.32%
2 Real Estate 15.15%
3 Industrials 11.34%
4 Materials 11.04%
5 Energy 9.29%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
HIO
151
Western Asset High Income Opportunity Fund
HIO
$335M
$1.06M 0.02%
179,449
– –
CTB
152
DELISTED
Cooper Tire & Rubber Co.
CTB
$962K 0.02%
+40,000
New +$990K
SNY icon
153
Sanofi
SNY
$104B
$864K 0.02%
16,105
+2,275
+16% +$117K
CDR
154
DELISTED
Cedar Realty Trust, Inc
CDR
$833K 0.02%
20,152
– –
VOYA icon
155
Voya Financial
VOYA
$8.94B
$703K 0.01%
+20,000
New +$660K
AUY
156
DELISTED
Yamana Gold, Inc.
AUY
$585K 0.01%
67,900
-260,200
-79% -$2.4M
CVE icon
157
Cenovus Energy
CVE
$54.6B
$550K 0.01%
19,200
– –
BPY
158
DELISTED
Brookfield Property Partners L.P. Limited Partnership Units
BPY
$532K 0.01%
26,692
– –
COF.WS
159
DELISTED
Capital One Financial Corp
COF.WS
$532K 0.01%
15,000
– –
IAG icon
160
IAMGOLD
IAG
$8.47B
$529K 0.01%
158,825
-836,490
-84% -$3.62M
KIM icon
161
Kimco Realty
KIM
$17.6B
$514K 0.01%
26,045
– –
AKR icon
162
Acadia Realty Trust
AKR
$2.99B
$497K 0.01%
19,999
– –
PSB
163
DELISTED
PS Business Parks, Inc.
PSB
$466K 0.01%
6,100
– –
STLY
164
DELISTED
Stanley Furniture Co Inc
STLY
$364K 0.01%
94,758
-1,464,319
-94% -$5.49M
EGO icon
165
Eldorado Gold
EGO
$8.31B
$342K 0.01%
12,060
-48,260
-80% -$1.48M
PLD icon
166
Prologis
PLD
$138B
$328K 0.01%
8,880
– –
CMO
167
DELISTED
Capstead Mortgage Corp.
CMO
$151K ﹤0.01%
12,500
– –
NLY icon
168
Annaly Capital Management
NLY
$16.9B
$132K ﹤0.01%
3,304
– –
FNFG
169
DELISTED
FIRST NIAGARA FINANCIAL GROUP INC
FNFG
$109K ﹤0.01%
10,275
– –
CCRN
170
DELISTED
Cross Country Healthcare
CCRN
– –
-1,135,308
Closed -$6.88M
CFFN icon
171
Capitol Federal Financial
CFFN
$1.08B
– –
-14,075
Closed -$175K
HAE icon
172
Haemonetics
HAE
$3.58B
– –
-42,000
Closed -$1.68M
JAKK icon
173
Jakks Pacific
JAKK
$280M
– –
-26,704
Closed -$1.2M
KRNY icon
174
Kearny Financial
KRNY
$592M
– –
-527,697
Closed -$3.91M
PKE icon
175
Park Aerospace
PKE
$745M
– –
-372,754
Closed -$10.7M
4 5 6
7
8

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Third Avenue Management's Q4 2013 Portfolio in Review

As of Q4 2013, Third Avenue Management held 187 positions worth $5.46B, up 5.5% from $5.17B the previous quarter. Its ten largest holdings account for 34% of the portfolio.

Third Avenue Management's Q4 2013 filing shows 24 new, 48 increased, 72 reduced and 17 closed positions. Its largest new stake was Parkway, Inc.: 2,914,821 shares worth $56.2M. The largest sale was TELLABS INC, an estimated $82.9M.

By sector, the portfolio is most concentrated in Financials at 26% of assets, up from 25% a quarter earlier, followed by Real Estate and Industrials.

  • Third Avenue Management's largest Q4 2013 buy was Parkway, Inc.: 2,914,821 shares worth $56.2M.
  • Third Avenue Management added most to Post Properties in Q4 2013, an estimated $34.1M increase.
  • Third Avenue Management's biggest Q4 2013 reduction was Oshkosh, cutting an estimated $40.1M.
  • Third Avenue Management fully exited TELLABS INC in Q4 2013, selling an estimated $82.9M.
  • Third Avenue Management's ten largest holdings make up 34% of its $5.46B portfolio in Q4 2013.
  • Third Avenue Management opened 24 new positions and closed 17 in Q4 2013.
  • Third Avenue Management's portfolio value rose 5.5% quarter-over-quarter to $5.46B.

Based on Third Avenue Management's 13F filing for Q4 2013, filed 14 Feb 2014.