We are live on ! Find out more
TAM

Third Avenue Management Portfolio holdings

AUM $625M
1-Year Est. Return 48.93%
This Fund
S&P 500
This Quarter Est. Return
+5.65%
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
$3.97B
AUM Growth
-$799M
Cap. Flow
-$1B
Cap. Flow %
-25.28%
Top 10 Hldgs %
37.65%
Holding
155
New
9
Increased
35
Reduced
79
Closed
16

Top Buys

Rank Stock Value
1
GM icon
General Motors
GM
+$59.9M
2
RYN icon
Rayonier
RYN
+$58.2M
3
PARA
Paramount Global Class B
PARA
+$29.9M
4
VMI icon
Valmont Industries
VMI
+$24.3M
5
BKD icon
Brookdale Senior Living
BKD
+$20.7M

Top Sells

Rank Stock Value
1
CVA
Covanta Holding Corporation
CVA
+$55M
2
HCC
HCC INSURANCES HOLDINGS INC
HCC
+$38.1M
3
PRGS icon
Progress Software
PRGS
+$31.1M
4
SYNT
Syntel Inc
SYNT
+$29.4M
5
LOW icon
Lowe's Companies
LOW
+$28.2M

Sector Composition

Rank Sector Weight
1 Real Estate 29.29%
2 Financials 25.1%
3 Consumer Discretionary 9.14%
4 Industrials 7.92%
5 Energy 5.8%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
WY icon
1
Weyerhaeuser
WY
$16.6B
$334M 8.42%
9,301,510
-420,865
-4% -$14.5M
BNY
2
Bank of New York Mellon
BNY
$112B
$166M 4.2%
4,102,532
-389,265
-9% -$15.2M
BN icon
3
Brookfield
BN
$90B
$153M 3.86%
13,042,612
+81,890
+0.6% +$921K
FCE.A
4
DELISTED
Forest City Realty Trust, Inc.
FCE.A
$136M 3.43%
6,380,605
+97,087
+2% +$2.02M
CMA
5
DELISTED
Comerica
CMA
$128M 3.22%
2,726,120
+261,910
+11% +$12.3M
CVCO icon
6
Cavco Industries
CVCO
$4.35B
$127M 3.2%
1,601,059
-116,384
-7% -$8.55M
BKD icon
7
Brookdale Senior Living
BKD
$2.81B
$116M 2.93%
3,165,816
+609,580
+24% +$20.7M
PKX icon
8
POSCO
PKX
$19B
$114M 2.87%
1,781,486
-146,000
-8% -$10.1M
FR icon
9
First Industrial Realty Trust
FR
$8.2B
$112M 2.81%
5,424,494
+85,386
+2% +$1.64M
DVN icon
10
Devon Energy
DVN
$52.9B
$109M 2.74%
1,774,641
-8,893
-0.5% -$539K
KEY icon
11
KeyCorp
KEY
$23.7B
$100M 2.53%
7,208,189
+421,086
+6% +$5.6M
WTM icon
12
White Mountains Insurance
WTM
$5.02B
$97.3M 2.45%
154,458
-27,556
-15% -$17.5M
APA icon
13
APA Corp
APA
$15B
$95.6M 2.41%
1,525,859
+231,865
+18% +$16.5M
VNO icon
14
Vornado Realty Trust
VNO
$6.83B
$93.3M 2.35%
1,082,888
+17,253
+2% +$1.38M
EQC
15
DELISTED
Equity Commonwealth
EQC
$92.3M 2.33%
3,595,950
+55,880
+2% +$1.43M
CVA
16
DELISTED
Covanta Holding Corporation
CVA
$89.8M 2.26%
4,078,528
-2,443,900
-37% -$55M
LOW icon
17
Lowe's Companies
LOW
$115B
$86.6M 2.18%
1,258,225
-470,896
-27% -$28.2M
AGCO icon
18
AGCO
AGCO
$9.34B
$83.7M 2.11%
1,852,169
+176,482
+11% +$7.82M
ZION icon
19
Zions Bancorporation
ZION
$10.1B
$81.7M 2.06%
2,863,921
+678,518
+31% +$19.1M
SKT icon
20
Tanger
SKT
$4.29B
$75.6M 1.91%
2,044,815
-413,906
-17% -$14.8M
HOUS
21
DELISTED
Anywhere Real Estate
HOUS
$73.3M 1.85%
1,647,311
+25,793
+2% +$1.07M
PPS
22
DELISTED
Post Properties
PPS
$72.3M 1.82%
1,230,787
-369,330
-23% -$20.8M
RYN icon
23
Rayonier
RYN
$6.09B
$70.5M 1.78%
2,780,998
+2,170,506
+356% +$58.2M
GEN icon
24
Gen Digital
GEN
$18.3B
$69.6M 1.75%
2,712,837
-13,220
-0.5% -$329K
GM icon
25
General Motors
GM
$77B
$69.5M 1.75%
1,991,758
+1,876,791
+1,632% +$59.9M
1
2 3 4 5

Similar funds

RIP
RAM Investment Partners Bellevue, Washington $625M AUM 16.29% 1-Year Est. Return
B
Bellecapital Zurich, Switzerland $625M AUM 39.69% 1-Year Est. Return
CWM
Chemistry Wealth Management New York $625M AUM 19.32% 1-Year Est. Return
LWP
LMG Wealth Partners Shreveport, Louisiana $626M AUM 36.27% 1-Year Est. Return
FGA
Fortis Group Advisors Westwood, New Jersey $626M AUM 33.6% 1-Year Est. Return
BVC
Bright Valley Capital Hong Kong $626M AUM 199.29% 1-Year Est. Return
APM
Avidity Partners Management Dallas, Texas $624M AUM 250.2% 1-Year Est. Return
DCM
Davidson Capital Management Corpus Christi, Texas $624M AUM 29.17% 1-Year Est. Return

Third Avenue Management's Q4 2014 Portfolio in Review

As of Q4 2014, Third Avenue Management held 155 positions worth $3.97B, down 17% from $4.77B the previous quarter. Its ten largest holdings account for 38% of the portfolio.

Third Avenue Management withdrew a net $1B in Q4 2014, closing 16 positions and reducing 79 holdings. Its most notable exit was InterDigital, an estimated $25.8M position sold in full.

By sector, the portfolio is most concentrated in Real Estate at 29% of assets, up from 22% a quarter earlier, followed by Financials and Consumer Discretionary.

Against the trend, Third Avenue Management opened a new position in Valmont Industries worth $23.1M.

  • Third Avenue Management's largest Q4 2014 buy was Valmont Industries: 181,983 shares worth $23.1M.
  • Third Avenue Management added most to General Motors in Q4 2014, an estimated $59.9M increase.
  • Third Avenue Management's biggest Q4 2014 reduction was Covanta Holding Corporation, cutting an estimated $55M.
  • Third Avenue Management fully exited InterDigital in Q4 2014, selling an estimated $25.8M.
  • Third Avenue Management's ten largest holdings make up 38% of its $3.97B portfolio in Q4 2014.
  • Third Avenue Management opened 9 new positions and closed 16 in Q4 2014.
  • Third Avenue Management's portfolio value fell 17% quarter-over-quarter to $3.97B.

Based on Third Avenue Management's 13F filing for Q4 2014, filed 13 Feb 2015.