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TAM

Third Avenue Management Portfolio holdings

AUM $625M
1-Year Est. Return 48.93%
This Fund
S&P 500
This Quarter Est. Return
+2.65%
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
$2.25B
AUM Growth
+$59.8M
Cap. Flow
+$12.3M
Cap. Flow %
0.55%
Top 10 Hldgs %
48.21%
Holding
121
New
9
Increased
20
Reduced
61
Closed
6

Top Buys

Rank Stock Value
1
FPH icon
Five Point Holdings
FPH
+$37.6M
2
RS icon
Reliance Steel & Aluminium
RS
+$23.5M
3
AVT icon
Avnet
AVT
+$9.21M
4
EOG icon
EOG Resources
EOG
+$7.62M
5
DB icon
Deutsche Bank
DB
+$7.08M

Top Sells

Rank Stock Value
1
WTM icon
White Mountains Insurance
WTM
+$27.2M
2
CVCO icon
Cavco Industries
CVCO
+$9.62M
3
WY icon
Weyerhaeuser
WY
+$9.01M
4
LOW icon
Lowe's Companies
LOW
+$6.78M
5
DVN icon
Devon Energy
DVN
+$5.43M

Sector Composition

Rank Sector Weight
1 Real Estate 29.67%
2 Financials 26.6%
3 Consumer Discretionary 14.15%
4 Industrials 10%
5 Healthcare 6.69%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
WY icon
1
Weyerhaeuser
WY
$17B
$189M 8.42%
5,651,983
-267,507
-5% -$9.01M
BN icon
2
Brookfield
BN
$92.3B
$168M 7.49%
12,028,791
-8,983
-0.1% -$121K
LEN icon
3
Lennar Class A
LEN
$20.8B
$153M 6.81%
3,015,153
-91,054
-3% -$4.48M
FCE.A
4
DELISTED
Forest City Realty Trust, Inc.
FCE.A
$117M 5.22%
4,853,922
-10,486
-0.2% -$242K
RYN icon
5
Rayonier
RYN
$6.06B
$96.6M 4.3%
3,702,129
-103,059
-3% -$2.66M
BNY
6
Bank of New York Mellon
BNY
$110B
$89.9M 4%
1,762,417
-5,719
-0.3% -$274K
CMA
7
DELISTED
Comerica
CMA
$71.2M 3.17%
971,553
-3,791
-0.4% -$266K
PNC icon
8
PNC Financial Services
PNC
$96.6B
$69.8M 3.1%
558,812
-310
-0.1% -$37.4K
PNC.WS
9
DELISTED
PNC Financial Services Group Inc
PNC.WS
$68.4M 3.04%
1,186,849
– –
VNO icon
10
Vornado Realty Trust
VNO
$7.13B
$60M 2.67%
790,089
+48,861
+7% +$3.79M
FR icon
11
First Industrial Realty Trust
FR
$8.21B
$51.2M 2.28%
1,787,243
-9,900
-0.6% -$282K
Y
12
DELISTED
Alleghany Corp
Y
$46.2M 2.06%
77,682
-107
-0.1% -$63.7K
TRC icon
13
Tejon Ranch
TRC
$438M
$45.6M 2.03%
2,278,003
+48,925
+2% +$1.03M
CVCO icon
14
Cavco Industries
CVCO
$4.37B
$43.6M 1.94%
335,919
-80,547
-19% -$9.62M
LOW icon
15
Lowe's Companies
LOW
$117B
$36.8M 1.64%
475,011
-82,900
-15% -$6.78M
FPH icon
16
Five Point Holdings
FPH
$367M
$36.4M 1.62%
+2,466,661
New +$37.6M
AMGN icon
17
Amgen
AMGN
$234B
$36.2M 1.61%
210,430
-654
-0.3% -$106K
TPHS
18
DELISTED
Trinity Place Holdings Inc.com
TPHS
$34.7M 1.54%
4,882,914
+53,900
+1% +$383K
JCI icon
19
Johnson Controls International
JCI
$84.6B
$32.9M 1.47%
759,515
-3,552
-0.5% -$149K
LIVN icon
20
LivaNova
LIVN
$4.43B
$31.9M 1.42%
520,671
-1,239
-0.2% -$70.1K
BKD icon
21
Brookdale Senior Living
BKD
$2.8B
$30.4M 1.35%
2,064,320
-5,634
-0.3% -$77.9K
FNF icon
22
Fidelity National Financial
FNF
$12.8B
$29.8M 1.33%
957,146
– –
MAS icon
23
Masco
MAS
$14.4B
$29.8M 1.32%
779,146
-76,901
-9% -$2.81M
MAC icon
24
Macerich
MAC
$6.73B
$29.1M 1.29%
500,801
+115,000
+30% +$6.97M
WTM icon
25
White Mountains Insurance
WTM
$5.1B
$28.7M 1.28%
33,035
-31,351
-49% -$27.2M
1
2 3 4 5

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Third Avenue Management's Q2 2017 Portfolio in Review

As of Q2 2017, Third Avenue Management held 121 positions worth $2.25B, up 2.7% from $2.19B the previous quarter. Its ten largest holdings account for 48% of the portfolio.

Third Avenue Management's Q2 2017 filing shows 9 new, 20 increased, 61 reduced and 6 closed positions. Its largest new stake was Five Point Holdings: 2,466,661 shares worth $36.4M. The largest sale was White Mountains Insurance, an estimated $27.2M.

By sector, the portfolio is most concentrated in Real Estate at 30% of assets, up from 29% a quarter earlier, followed by Financials and Consumer Discretionary.

  • Third Avenue Management's largest Q2 2017 buy was Five Point Holdings: 2,466,661 shares worth $36.4M.
  • Third Avenue Management added most to Avnet in Q2 2017, an estimated $9.21M increase.
  • Third Avenue Management's biggest Q2 2017 reduction was White Mountains Insurance, cutting an estimated $27.2M.
  • Third Avenue Management fully exited Teleflex in Q2 2017, selling an estimated $4.46M.
  • Third Avenue Management's ten largest holdings make up 48% of its $2.25B portfolio in Q2 2017.
  • Third Avenue Management opened 9 new positions and closed 6 in Q2 2017.
  • Third Avenue Management's portfolio value rose 2.7% quarter-over-quarter to $2.25B.

Based on Third Avenue Management's 13F filing for Q2 2017, filed 14 Aug 2017.