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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
-0.32%
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
$1.19B
AUM Growth
-$101M
Cap. Flow
-$56.1M
Cap. Flow %
-4.71%
Top 10 Hldgs %
54.79%
Holding
59
New
–
Increased
12
Reduced
17
Closed
1

Top Buys

Rank Stock Value
1
MHK icon
Mohawk Industries
MHK
+$4.77M
2
TDW icon
Tidewater
TDW
+$3.63M
3
VC icon
Visteon
VC
+$3.21M
4
TPHS
Trinity Place Holdings Inc.com
TPHS
+$2.64M
5
AGX icon
Argan
AGX
+$2.07M

Top Sells

Rank Stock Value
1
LEN icon
Lennar Class A
LEN
+$33M
2
FR icon
First Industrial Realty Trust
FR
+$6.84M
3
HCC icon
Warrior Met Coal
HCC
+$5.76M
4
WY icon
Weyerhaeuser
WY
+$5.05M
5
LOW icon
Lowe's Companies
LOW
+$4.61M

Sector Composition

Rank Sector Weight
1 Real Estate 40.76%
2 Financials 17.73%
3 Consumer Discretionary 15.33%
4 Industrials 12.3%
5 Energy 5.95%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
WY icon
1
Weyerhaeuser
WY
$16.6B
$108M 9.06%
4,097,807
-198,675
-5% -$5.05M
FPH icon
2
Five Point Holdings
FPH
$371M
$87.2M 7.32%
11,591,086
+34,718
+0.3% +$276K
BN icon
3
Brookfield
BN
$90B
$77.8M 6.53%
4,564,261
-216,128
-5% -$3.66M
LEN icon
4
Lennar Class A
LEN
$20.1B
$63.3M 5.31%
1,349,090
-660,946
-33% -$33M
RYN icon
5
Rayonier
RYN
$6.09B
$61.5M 5.16%
2,236,218
-78,597
-3% -$2.2M
TDW icon
6
Tidewater
TDW
$4.69B
$61.1M 5.13%
2,601,313
+158,043
+6% +$3.63M
JBGS
7
JBG SMITH
JBGS
$685M
$51.2M 4.3%
1,301,641
-13,084
-1% -$538K
LEN.B icon
8
Lennar Class B
LEN.B
$19.8B
$48.8M 4.09%
1,332,171
+19,064
+1% +$745K
MAC icon
9
Macerich
MAC
$6.59B
$47.7M 4%
1,423,524
+20,402
+1% +$801K
HCC icon
10
Warrior Met Coal
HCC
$5.52B
$46.1M 3.87%
1,763,663
-202,324
-10% -$5.76M
HA
11
DELISTED
Hawaiian Holdings, Inc.
HA
$38.8M 3.26%
1,414,861
+47,019
+3% +$1.28M
PNC icon
12
PNC Financial Services
PNC
$98B
$36.4M 3.06%
265,439
+895
+0.3% +$118K
CMA
13
DELISTED
Comerica
CMA
$32.4M 2.72%
446,155
-5,101
-1% -$379K
AKR icon
14
Acadia Realty Trust
AKR
$2.79B
$31.4M 2.63%
1,146,124
-91,311
-7% -$2.56M
UHAL icon
15
U-Haul Holding Co
UHAL
$13.1B
$28.3M 2.38%
747,950
-30,230
-4% -$1.15M
FR icon
16
First Industrial Realty Trust
FR
$8.2B
$26.3M 2.21%
716,038
-192,570
-21% -$6.84M
VNO icon
17
Vornado Realty Trust
VNO
$6.83B
$25.5M 2.14%
397,834
-16,192
-4% -$1.09M
LOW icon
18
Lowe's Companies
LOW
$115B
$23.5M 1.97%
232,402
-43,734
-16% -$4.61M
TPHS
19
DELISTED
Trinity Place Holdings Inc.com
TPHS
$22.4M 1.88%
5,679,728
+647,578
+13% +$2.64M
FNF icon
20
Fidelity National Financial
FNF
$12.3B
$18.7M 1.57%
483,496
-19,084
-4% -$719K
MHK icon
21
Mohawk Industries
MHK
$9.05B
$18.2M 1.53%
123,257
+34,452
+39% +$4.77M
TRC icon
22
Tejon Ranch
TRC
$444M
$16.3M 1.37%
985,076
– –
EXP icon
23
Eagle Materials
EXP
$5.97B
$16.3M 1.37%
175,889
– –
SRG
24
Seritage Growth Properties
SRG
$117M
$13.6M 1.15%
317,524
+34,837
+12% +$1.53M
MYRG icon
25
MYR Group
MYRG
$4.46B
$12M 1.01%
321,485
– –
1
2 3

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Third Avenue Management's Q2 2019 Portfolio in Review

As of Q2 2019, Third Avenue Management held 59 positions worth $1.19B, down 7.8% from $1.29B the previous quarter. Its ten largest holdings account for 55% of the portfolio.

Third Avenue Management withdrew a net $56.1M in Q2 2019, closing 1 position and reducing 17 holdings. Its most notable exit was Cubic Corporation, an estimated $592K position sold in full.

By sector, the portfolio is most concentrated in Real Estate at 41% of assets, down from 41% a quarter earlier, followed by Financials and Consumer Discretionary.

Against the trend, Third Avenue Management added an estimated $4.77M to Mohawk Industries.

  • Third Avenue Management added most to Mohawk Industries in Q2 2019, an estimated $4.77M increase.
  • Third Avenue Management's biggest Q2 2019 reduction was Lennar Class A, cutting an estimated $33M.
  • Third Avenue Management fully exited Cubic Corporation in Q2 2019, selling an estimated $592K.
  • Third Avenue Management's ten largest holdings make up 55% of its $1.19B portfolio in Q2 2019.
  • Third Avenue Management opened 0 new positions and closed 1 in Q2 2019.
  • Third Avenue Management's portfolio value fell 7.8% quarter-over-quarter to $1.19B.

Based on Third Avenue Management's 13F filing for Q2 2019, filed 14 Aug 2019.