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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
+2.91%
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
$585M
AUM Growth
+$10.3M
Cap. Flow
+$4M
Cap. Flow %
0.68%
Top 10 Hldgs %
48.91%
Holding
56
New
1
Increased
16
Reduced
13
Closed
2

Top Buys

Rank Stock Value
1
CMA
Comerica
CMA
+$11.3M
2
HA
Hawaiian Holdings, Inc.
HA
+$9.64M
3
JLL icon
Jones Lang LaSalle
JLL
+$8.54M
4
LAZ icon
Lazard
LAZ
+$3.38M
5
HCC icon
Warrior Met Coal
HCC
+$2.54M

Top Sells

Rank Stock Value
1
TDW icon
Tidewater
TDW
+$17.9M
2
LEN.B icon
Lennar Class B
LEN.B
+$4.56M
3
IVT icon
InvenTrust Properties
IVT
+$3.53M
4
FNF icon
Fidelity National Financial
FNF
+$2.25M
5
FPH icon
Five Point Holdings
FPH
+$2.17M

Sector Composition

Rank Sector Weight
1 Financials 27.42%
2 Real Estate 21.49%
3 Energy 13.94%
4 Industrials 12.09%
5 Consumer Discretionary 11.78%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
TDW icon
1
Tidewater
TDW
$3.75B
$61.4M 10.5%
1,394,007
-416,918
-23% -$17.9M
HCC icon
2
Warrior Met Coal
HCC
$4.17B
$49.3M 8.43%
1,343,267
+68,653
+5% +$2.54M
DB icon
3
Deutsche Bank
DB
$66.4B
$30.6M 5.23%
3,011,103
+122,738
+4% +$1.47M
LEN.B icon
4
Lennar Class B
LEN.B
$19.6B
$24.4M 4.17%
287,688
-57,376
-17% -$4.56M
PLD icon
5
Prologis
PLD
$138B
$21M 3.59%
168,166
-2,698
-2% -$332K
CMA
6
DELISTED
Comerica
CMA
$20.9M 3.56%
480,358
+176,912
+58% +$11.3M
ORI icon
7
Old Republic International
ORI
$10.3B
$20.8M 3.56%
834,431
-3,250
-0.4% -$81.8K
VAL icon
8
Valaris
VAL
$5.19B
$20.1M 3.44%
309,204
+9,269
+3% +$646K
DHI icon
9
D.R. Horton
DHI
$41.1B
$19.5M 3.33%
199,374
-11,123
-5% -$1.06M
LAZ icon
10
Lazard
LAZ
$4.15B
$18.1M 3.1%
547,950
+91,664
+20% +$3.38M
BN icon
11
Brookfield
BN
$104B
$17M 2.9%
781,839
+876
+0.1% +$19.7K
UHAL.B icon
12
U-Haul Holding Co Series N
UHAL.B
$12.1B
$16.2M 2.77%
312,444
– –
RYN icon
13
Rayonier
RYN
$6.39B
$14.8M 2.54%
491,898
-12,867
-3% -$397K
WY icon
14
Weyerhaeuser
WY
$17.3B
$14.6M 2.5%
485,347
-13,378
-3% -$422K
HA
15
DELISTED
Hawaiian Holdings, Inc.
HA
$14.3M 2.44%
1,556,133
+910,431
+141% +$9.64M
CBRE icon
16
CBRE Group
CBRE
$40.6B
$13.2M 2.25%
181,221
+479
+0.3% +$39.1K
IVT icon
17
InvenTrust Properties
IVT
$2.85B
$12.7M 2.17%
542,852
-149,368
-22% -$3.53M
LOW icon
18
Lowe's Companies
LOW
$115B
$12.4M 2.12%
62,159
– –
AMH icon
19
American Homes 4 Rent
AMH
$12.1B
$11.2M 1.91%
355,823
-57,340
-14% -$1.83M
MYRG icon
20
MYR Group
MYRG
$6.08B
$11M 1.88%
87,201
-13,986
-14% -$1.5M
FPH icon
21
Five Point Holdings
FPH
$374M
$8.86M 1.51%
3,752,600
-926,403
-20% -$2.17M
SEB icon
22
Seaboard Corp
SEB
$4.34B
$8.81M 1.5%
2,336
– –
UMBF icon
23
UMB Financial
UMBF
$11B
$8.62M 1.47%
149,423
+20,471
+16% +$1.66M
FR icon
24
First Industrial Realty Trust
FR
$9.04B
$8.41M 1.44%
158,010
+558
+0.4% +$29.1K
PRA
25
DELISTED
ProAssurance
PRA
$8.21M 1.4%
444,085
+65,042
+17% +$1.22M
1
2 3

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Third Avenue Management's Q1 2023 Portfolio in Review

As of Q1 2023, Third Avenue Management held 56 positions worth $585M, up 1.8% from $575M the previous quarter. Its ten largest holdings account for 49% of the portfolio.

Third Avenue Management's Q1 2023 filing shows 1 new, 16 increased, 13 reduced and 2 closed positions. Its largest new stake was Jones Lang LaSalle: 51,235 shares worth $7.45M. The largest sale was Tidewater, an estimated $17.9M.

By sector, the portfolio is most concentrated in Financials at 27% of assets, down from 28% a quarter earlier, followed by Real Estate and Energy.

  • Third Avenue Management's largest Q1 2023 buy was Jones Lang LaSalle: 51,235 shares worth $7.45M.
  • Third Avenue Management added most to Comerica in Q1 2023, an estimated $11.3M increase.
  • Third Avenue Management's biggest Q1 2023 reduction was Tidewater, cutting an estimated $17.9M.
  • Third Avenue Management fully exited Stratus Properties in Q1 2023, selling an estimated $1.16M.
  • Third Avenue Management's ten largest holdings make up 49% of its $585M portfolio in Q1 2023.
  • Third Avenue Management opened 1 new position and closed 2 in Q1 2023.
  • Third Avenue Management's portfolio value rose 1.8% quarter-over-quarter to $585M.

Based on Third Avenue Management's 13F filing for Q1 2023, filed 12 May 2023.