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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
+6.65%
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
$606M
AUM Growth
+$20.8M
Cap. Flow
-$12.2M
Cap. Flow %
-2.02%
Top 10 Hldgs %
49.08%
Holding
59
New
5
Increased
16
Reduced
24
Closed
1

Top Buys

Rank Stock Value
1
VAL icon
Valaris
VAL
+$6.66M
2
CMA
Comerica
CMA
+$3.82M
3
JLL icon
Jones Lang LaSalle
JLL
+$3.28M
4
SUPN icon
Supernus Pharmaceuticals
SUPN
+$2.26M
5
KALU icon
Kaiser Aluminum
KALU
+$2.14M

Top Sells

Rank Stock Value
1
TDW icon
Tidewater
TDW
+$13.5M
2
LEN.B icon
Lennar Class B
LEN.B
+$5.93M
3
EME icon
Emcor
EME
+$5.3M
4
DHI icon
D.R. Horton
DHI
+$3.68M
5
TPH
Tri Pointe Homes
TPH
+$3.03M

Sector Composition

Rank Sector Weight
1 Financials 26.8%
2 Real Estate 22.3%
3 Energy 14.41%
4 Industrials 11.41%
5 Consumer Discretionary 11.23%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
TDW icon
1
Tidewater
TDW
$4.61B
$60.9M 10.05%
1,098,599
-295,408
-21% -$13.5M
HCC icon
2
Warrior Met Coal
HCC
$5.65B
$52.4M 8.64%
1,344,911
+1,644
+0.1% +$59.5K
DB icon
3
Deutsche Bank
DB
$75.8B
$32M 5.28%
3,048,570
+37,467
+1% +$395K
VAL icon
4
Valaris
VAL
$5.99B
$26.4M 4.36%
419,726
+110,522
+36% +$6.66M
CMA
5
DELISTED
Comerica
CMA
$24.4M 4.02%
574,906
+94,548
+20% +$3.82M
LEN.B icon
6
Lennar Class B
LEN.B
$20.5B
$24.1M 3.98%
224,463
-63,225
-22% -$5.93M
ORI icon
7
Old Republic International
ORI
$10.2B
$21.1M 3.47%
836,331
+1,900
+0.2% +$47.6K
DHI icon
8
D.R. Horton
DHI
$41.2B
$20.2M 3.33%
165,678
-33,696
-17% -$3.68M
PLD icon
9
Prologis
PLD
$134B
$18.5M 3.05%
150,531
-17,635
-10% -$2.17M
LAZ icon
10
Lazard
LAZ
$4.25B
$17.6M 2.91%
550,206
+2,256
+0.4% +$69.7K
BN icon
11
Brookfield
BN
$92.3B
$17.5M 2.89%
781,685
-154
-0% -$3.26K
HA
12
DELISTED
Hawaiian Holdings, Inc.
HA
$16.8M 2.78%
1,562,125
+5,992
+0.4% +$51.9K
WY icon
13
Weyerhaeuser
WY
$17B
$16.3M 2.68%
485,242
-105
-0% -$3.16K
UHAL.B icon
14
U-Haul Holding Co Series N
UHAL.B
$11.7B
$15.8M 2.61%
312,421
-23
-0% -$1.2K
CBRE icon
15
CBRE Group
CBRE
$43.7B
$14.6M 2.41%
181,189
-32
-0% -$2.4K
RYN icon
16
Rayonier
RYN
$6.06B
$14M 2.31%
491,823
-75
-0% -$2.09K
LOW icon
17
Lowe's Companies
LOW
$117B
$12.9M 2.13%
57,096
-5,063
-8% -$1.05M
AMH icon
18
American Homes 4 Rent
AMH
$12.1B
$12.6M 2.08%
355,823
– –
JLL icon
19
Jones Lang LaSalle
JLL
$17.4B
$11.6M 1.91%
74,378
+23,143
+45% +$3.28M
MYRG icon
20
MYR Group
MYRG
$4.58B
$11.2M 1.85%
80,885
-6,316
-7% -$825K
FPH icon
21
Five Point Holdings
FPH
$367M
$10.8M 1.79%
3,751,240
-1,360
-0% -$3.27K
IVT icon
22
InvenTrust Properties
IVT
$2.54B
$10M 1.65%
432,819
-110,033
-20% -$2.48M
UMBF icon
23
UMB Financial
UMBF
$11B
$9.09M 1.5%
149,284
-139
-0.1% -$8.29K
FR icon
24
First Industrial Realty Trust
FR
$8.21B
$8.32M 1.37%
158,010
– –
SEB icon
25
Seaboard Corp
SEB
$3.75B
$8.31M 1.37%
2,333
-3
-0.1% -$11.4K
1
2 3

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Third Avenue Management's Q2 2023 Portfolio in Review

As of Q2 2023, Third Avenue Management held 59 positions worth $606M, up 3.6% from $585M the previous quarter. Its ten largest holdings account for 49% of the portfolio.

Third Avenue Management's Q2 2023 filing shows 5 new, 16 increased, 24 reduced and 1 closed positions. Its largest new stake was Sun Communities: 11,517 shares worth $1.5M. The largest sale was Tidewater, an estimated $13.5M.

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

  • Third Avenue Management's largest Q2 2023 buy was Sun Communities: 11,517 shares worth $1.5M.
  • Third Avenue Management added most to Valaris in Q2 2023, an estimated $6.66M increase.
  • Third Avenue Management's biggest Q2 2023 reduction was Tidewater, cutting an estimated $13.5M.
  • Third Avenue Management fully exited Emcor in Q2 2023, selling an estimated $5.3M.
  • Third Avenue Management's ten largest holdings make up 49% of its $606M portfolio in Q2 2023.
  • Third Avenue Management opened 5 new positions and closed 1 in Q2 2023.
  • Third Avenue Management's portfolio value rose 3.6% quarter-over-quarter to $606M.

Based on Third Avenue Management's 13F filing for Q2 2023, filed 14 Aug 2023.