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
-9.1%
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
$3.67B
AUM Growth
-$300M
Cap. Flow
+$141M
Cap. Flow %
3.85%
Top 10 Hldgs %
42.02%
Holding
142
New
13
Increased
44
Reduced
42
Closed
13

Top Buys

Rank Stock Value
1
BKD icon
Brookdale Senior Living
BKD
+$71M
2
AXE
Anixter International Inc
AXE
+$37.5M
3
WY icon
Weyerhaeuser
WY
+$21.7M
4
KW
Kennedy-Wilson Holdings
KW
+$18.4M
5
MAC icon
Macerich
MAC
+$18.4M

Top Sells

Rank Stock Value
1
DVN icon
Devon Energy
DVN
+$19.9M
2
NVDA icon
NVIDIA
NVDA
+$18.1M
3
CMA
Comerica
CMA
+$17.4M
4
WTM icon
White Mountains Insurance
WTM
+$15.1M
5
PKX icon
POSCO
PKX
+$15.1M

Sector Composition

Rank Sector Weight
1 Real Estate 37.53%
2 Financials 22.86%
3 Consumer Discretionary 9.27%
4 Industrials 8.57%
5 Technology 4.58%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
WY icon
1
Weyerhaeuser
WY
$17B
$323M 8.79%
11,805,135
+735,671
+7% +$21.7M
FCE.A
2
DELISTED
Forest City Realty Trust, Inc.
FCE.A
$163M 4.44%
8,101,985
+537,137
+7% +$11.8M
FR icon
3
First Industrial Realty Trust
FR
$8.21B
$158M 4.29%
7,528,218
+912,700
+14% +$18.4M
MAC icon
4
Macerich
MAC
$6.73B
$150M 4.09%
1,953,426
+237,200
+14% +$18.4M
BN icon
5
Brookfield
BN
$92.3B
$144M 3.93%
13,065,481
+1,268,484
+11% +$14.8M
BKD icon
6
Brookdale Senior Living
BKD
$2.8B
$135M 3.67%
5,867,732
+2,404,007
+69% +$71M
BNY
7
Bank of New York Mellon
BNY
$110B
$124M 3.36%
3,156,638
-193,799
-6% -$8.06M
RYN icon
8
Rayonier
RYN
$6.06B
$122M 3.32%
6,094,308
+377,954
+7% +$8.18M
VNO icon
9
Vornado Realty Trust
VNO
$7.13B
$119M 3.24%
1,628,919
+217,094
+15% +$16.4M
CMA
10
DELISTED
Comerica
CMA
$107M 2.9%
2,591,334
-381,844
-13% -$17.4M
EQC
11
DELISTED
Equity Commonwealth
EQC
$101M 2.75%
3,708,155
+62,400
+2% +$1.65M
CVCO icon
12
Cavco Industries
CVCO
$4.37B
$94.5M 2.57%
1,387,781
-38,642
-3% -$2.8M
LOW icon
13
Lowe's Companies
LOW
$117B
$88.9M 2.42%
1,290,176
+17,200
+1% +$1.18M
AGCO icon
14
AGCO
AGCO
$7.94B
$85.7M 2.33%
1,837,243
-65,971
-3% -$3.38M
WTM icon
15
White Mountains Insurance
WTM
$5.1B
$82.1M 2.24%
109,906
-20,961
-16% -$15.1M
ZION icon
16
Zions Bancorporation
ZION
$9.89B
$80.8M 2.2%
2,934,458
+41,400
+1% +$1.23M
PPS
17
DELISTED
Post Properties
PPS
$78.2M 2.13%
1,341,014
+19,000
+1% +$1.09M
SKT icon
18
Tanger
SKT
$4.33B
$75.4M 2.05%
2,287,753
+27,100
+1% +$882K
CVA
19
DELISTED
Covanta Holding Corporation
CVA
$74.9M 2.04%
4,294,744
+25,106
+0.6% +$497K
PNC icon
20
PNC Financial Services
PNC
$96.6B
$64.4M 1.75%
722,399
+124,779
+21% +$11.7M
HOUS
21
DELISTED
Anywhere Real Estate
HOUS
$63.6M 1.73%
1,689,009
+23,200
+1% +$1.01M
PARA
22
DELISTED
Paramount Global Class B
PARA
$62.2M 1.69%
1,559,106
+259,322
+20% +$12.6M
PNC.WS
23
DELISTED
PNC Financial Services Group Inc
PNC.WS
$60.5M 1.65%
2,487,754
+505,200
+25% +$14.1M
GEN icon
24
Gen Digital
GEN
$18.6B
$56.4M 1.54%
2,899,118
-36,690
-1% -$790K
GM icon
25
General Motors
GM
$75.7B
$56.1M 1.53%
1,868,285
-61,499
-3% -$1.88M
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 Q3 2015 Portfolio in Review

As of Q3 2015, Third Avenue Management held 142 positions worth $3.67B, down 7.6% from $3.97B the previous quarter. Its ten largest holdings account for 42% of the portfolio.

Third Avenue Management deployed $141M of net new capital in Q3 2015, opening 13 new positions and adding to 44 existing holdings. Its largest new stake was Kennedy-Wilson Holdings: 748,000 shares worth $16.6M.

By sector, the portfolio is most concentrated in Real Estate at 38% of assets, up from 34% a quarter earlier, followed by Financials and Consumer Discretionary.

On the sell side, the largest reduction was Devon Energy, an estimated $19.9M trimmed.

  • Third Avenue Management's largest Q3 2015 buy was Kennedy-Wilson Holdings: 748,000 shares worth $16.6M.
  • Third Avenue Management added most to Brookdale Senior Living in Q3 2015, an estimated $71M increase.
  • Third Avenue Management's biggest Q3 2015 reduction was Devon Energy, cutting an estimated $19.9M.
  • Third Avenue Management fully exited ROSETTA RESOURCES INC in Q3 2015, selling an estimated $6.62M.
  • Third Avenue Management's ten largest holdings make up 42% of its $3.67B portfolio in Q3 2015.
  • Third Avenue Management opened 13 new positions and closed 13 in Q3 2015.
  • Third Avenue Management's portfolio value fell 7.6% quarter-over-quarter to $3.67B.

Based on Third Avenue Management's 13F filing for Q3 2015, filed 12 Nov 2015.