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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
WY icon
1
Weyerhaeuser
WY
$17.3B
$337M 8.45%
10,165,027
+863,517
+9% +$30.2M
FCE.A
2
DELISTED
Forest City Realty Trust, Inc.
FCE.A
$170M 4.26%
6,664,059
+283,454
+4% +$6.95M
BN icon
3
Brookfield
BN
$104B
$153M 3.84%
12,207,142
-835,470
-6% -$10.4M
BNY
4
Bank of New York Mellon
BNY
$108B
$148M 3.71%
3,672,724
-429,808
-10% -$16.7M
CMA
5
DELISTED
Comerica
CMA
$142M 3.56%
3,146,650
+420,530
+15% +$18.8M
BKD icon
6
Brookdale Senior Living
BKD
$3.57B
$124M 3.11%
3,288,989
+123,173
+4% +$4.51M
FR icon
7
First Industrial Realty Trust
FR
$9.04B
$117M 2.94%
5,473,118
+48,624
+0.9% +$1.04M
CVCO icon
8
Cavco Industries
CVCO
$4.37B
$116M 2.9%
1,540,664
-60,395
-4% -$4.47M
DVN icon
9
Devon Energy
DVN
$50.5B
$106M 2.66%
1,757,479
-17,162
-1% -$1.05M
PKX icon
10
POSCO
PKX
$15.3B
$104M 2.61%
1,901,606
+120,120
+7% +$7.31M
WTM icon
11
White Mountains Insurance
WTM
$5.48B
$103M 2.57%
149,970
-4,488
-3% -$2.96M
APA icon
12
APA Corp
APA
$12.3B
$100M 2.52%
1,663,588
+137,729
+9% +$8.67M
EQC
13
DELISTED
Equity Commonwealth
EQC
$96.4M 2.42%
3,632,355
+36,405
+1% +$956K
CVA
14
DELISTED
Covanta Holding Corporation
CVA
$96.4M 2.42%
4,299,290
+220,762
+5% +$4.73M
LOW icon
15
Lowe's Companies
LOW
$115B
$94.3M 2.36%
1,267,576
+9,351
+0.7% +$670K
RYN icon
16
Rayonier
RYN
$6.39B
$91.5M 2.29%
3,739,067
+958,069
+34% +$24.4M
AGCO icon
17
AGCO
AGCO
$8.13B
$91.3M 2.29%
1,916,080
+63,911
+3% +$3M
VNO icon
18
Vornado Realty Trust
VNO
$7.48B
$89.3M 2.24%
986,297
-96,591
-9% -$8.67M
SKT icon
19
Tanger
SKT
$4.78B
$79.2M 1.99%
2,251,653
+206,838
+10% +$7.72M
PARA
20
DELISTED
Paramount Global Class B
PARA
$79M 1.98%
1,303,597
+49,624
+4% +$2.9M
ZION icon
21
Zions Bancorporation
ZION
$10.6B
$78M 1.96%
2,888,958
+25,037
+0.9% +$655K
HOUS
22
DELISTED
Anywhere Real Estate
HOUS
$75.4M 1.89%
1,658,709
+11,398
+0.7% +$525K
PPS
23
DELISTED
Post Properties
PPS
$74.9M 1.88%
1,316,314
+85,527
+7% +$5.03M
GM icon
24
General Motors
GM
$68.3B
$69.8M 1.75%
1,861,245
-130,513
-7% -$4.75M
GEN icon
25
Gen Digital
GEN
$16.1B
$69.2M 1.73%
2,960,966
+248,129
+9% +$6.19M
1
2 3 4 5

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CPC
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VHMC
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DTL
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ACP
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MC
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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.