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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
-15.23%
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
$562M
AUM Growth
-$172M
Cap. Flow
-$56.2M
Cap. Flow %
-10.01%
Top 10 Hldgs %
47.88%
Holding
60
New
2
Increased
9
Reduced
21
Closed
3
Avg Time Held
16.6 quarters
Top 10 Avg Time Held
11.2 quarters
Top 20 Avg Time Held
13.1 quarters

Top Buys

Rank Stock Value
1
DHI icon
D.R. Horton
DHI
+$15.9M
2
CCF
Chase Corporation
CCF
+$3.3M
3
HCC icon
Warrior Met Coal
HCC
+$2.13M
4
CBRE icon
CBRE Group
CBRE
+$1.69M
5
SPHR icon
Sphere Entertainment
SPHR
+$1.27M

Top Sells

Rank Stock Value
1
RYN icon
Rayonier
RYN
+$9.31M
2
WY icon
Weyerhaeuser
WY
+$8.61M
3
PLD icon
Prologis
PLD
+$8.47M
4
HA icon
Hawaiian Holdings, Inc.
HA
+$7.32M
5
JBGS icon
JBG SMITH
JBGS
+$6.99M

Sector Composition

Rank Sector Weight
1 Real Estate 29.95%
2 Financials 23.5%
3 Consumer Discretionary 12.27%
4 Industrials 11.03%
5 Energy 10.34%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow Held Since
TDW icon
1
Tidewater
TDW
$4.37B
$44.4M 7.91%
2,105,930
– –
2017 Q3
19 quarters
HCC icon
2
Warrior Met Coal
HCC
$4.97B
$42.7M 7.6%
1,394,280
+61,569
+5% +$2.13M
2017 Q4
18 quarters
FPH icon
3
Five Point Holdings
FPH
$320M
$29.8M 5.31%
7,633,374
-1,116,539
-13% -$5.76M
2017 Q2
20 quarters
BN icon
4
Brookfield
BN
$82.9B
$25.2M 4.49%
1,053,204
-211,859
-17% -$5.66M
2013 Q2
36 quarters
CMA icon
5
DELISTED
Comerica
CMA
$24.3M 4.33%
331,210
– –
2013 Q2
36 quarters
LEN.B icon
6
Lennar Class B
LEN.B
$17.8B
$23.6M 4.19%
422,285
-76,880
-15% -$4.67M
2016 Q4
22 quarters
PLD icon
7
Prologis
PLD
$127B
$21.3M 3.79%
180,974
-61,251
-25% -$8.47M
2020 Q1
9 quarters
RYN icon
8
Rayonier
RYN
$5.64B
$19.9M 3.54%
586,411
-253,894
-30% -$9.31M
2013 Q4
34 quarters
IVT icon
9
InvenTrust Properties
IVT
$2.36B
$18.9M 3.37%
733,701
-110,077
-13% -$3.22M
2021 Q4
2 quarters
ORI icon
10
Old Republic International
ORI
$9.2B
$18.8M 3.35%
842,024
-6,103
-0.7% -$141K
2020 Q1
9 quarters
UHAL icon
11
U-Haul Holding Co
UHAL
$11B
$18.1M 3.23%
379,180
-57,600
-13% -$2.98M
2017 Q4
18 quarters
WY icon
12
Weyerhaeuser
WY
$13.7B
$17.9M 3.19%
540,815
-225,804
-29% -$8.61M
2013 Q2
36 quarters
AMH icon
13
American Homes 4 Rent
AMH
$11B
$15.5M 2.75%
436,616
-61,828
-12% -$2.34M
2020 Q2
8 quarters
DHI icon
14
D.R. Horton
DHI
$37.9B
$15.2M 2.7%
229,190
+226,162
+7,469% +$15.9M
2022 Q1
1 quarter
LOW icon
15
Lowe's Companies
LOW
$105B
$14.8M 2.63%
84,670
-16,736
-17% -$3.23M
2020 Q1
9 quarters
VAL icon
16
Valaris
VAL
$6.05B
$13.7M 2.44%
324,148
+3,412
+1% +$184K
2021 Q3
3 quarters
CBRE icon
17
CBRE Group
CBRE
$38B
$13.6M 2.42%
184,812
+20,963
+13% +$1.69M
2020 Q1
9 quarters
LAZ icon
18
Lazard
LAZ
$3.61B
$13M 2.31%
399,979
+29,398
+8% +$992K
2020 Q4
6 quarters
HA icon
19
DELISTED
Hawaiian Holdings, Inc.
HA
$11.2M 1.99%
782,792
-438,109
-36% -$7.32M
2018 Q2
16 quarters
UMBF icon
20
UMB Financial
UMBF
$10B
$11.1M 1.98%
128,952
– –
2013 Q2
36 quarters
FRPH icon
21
FRP Holdings
FRPH
$395M
$9.2M 1.64%
304,870
– –
2018 Q1
17 quarters
SEB icon
22
Seaboard Corp
SEB
$3.83B
$9.07M 1.61%
2,336
– –
2016 Q1
25 quarters
MYRG icon
23
MYR Group
MYRG
$4.94B
$8.92M 1.59%
101,187
– –
2015 Q4
26 quarters
WASH icon
24
Washington Trust Bancorp
WASH
$715M
$8.84M 1.57%
182,745
– –
2020 Q2
8 quarters
FR icon
25
First Industrial Realty Trust
FR
$8.01B
$7.92M 1.41%
166,781
-31,360
-16% -$1.72M
2013 Q2
36 quarters
1
2 3

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Third Avenue Management's Q2 2022 Portfolio in Review

As of Q2 2022, Third Avenue Management held 60 positions worth $562M, down 23% from $734M the previous quarter. Its ten largest holdings account for 48% of the portfolio.

Third Avenue Management withdrew a net $56.2M in Q2 2022, closing 3 positions and reducing 21 holdings. Its most notable exit was JBG SMITH, an estimated $6.99M position sold in full.

By sector, the portfolio is most concentrated in Real Estate at 30% of assets, down from 37% a quarter earlier, followed by Financials and Consumer Discretionary.

Against the trend, Third Avenue Management opened a new position in Chase Corporation worth $3.14M.

  • Third Avenue Management's largest Q2 2022 buy was Chase Corporation: 40,292 shares worth $3.14M.
  • Third Avenue Management added most to D.R. Horton in Q2 2022, an estimated $15.9M increase.
  • Third Avenue Management's biggest Q2 2022 reduction was Rayonier, cutting an estimated $9.31M.
  • Third Avenue Management fully exited JBG SMITH in Q2 2022, selling an estimated $6.99M.
  • Third Avenue Management's ten largest holdings make up 48% of its $562M portfolio in Q2 2022.
  • Third Avenue Management opened 2 new positions and closed 3 in Q2 2022.
  • Third Avenue Management's portfolio value fell 23% quarter-over-quarter to $562M.

Based on Third Avenue Management's 13F filing for Q2 2022, filed 12 Aug 2022.