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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
-6.29%
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
$517M
AUM Growth
-$94.8M
Cap. Flow
-$49.7M
Cap. Flow %
-9.62%
Top 10 Hldgs %
46.22%
Holding
61
New
2
Increased
7
Reduced
13
Closed
2

Top Buys

Rank Stock Value
1
TDW icon
Tidewater
TDW
+$6.07M
2
FPH icon
Five Point Holdings
FPH
+$3.19M
3
OSG
Octave Specialty Group
OSG
+$2.78M
4
PBF icon
PBF Energy
PBF
+$1.37M
5
OCFC icon
OceanFirst Financial
OCFC
+$1.16M

Top Sells

Rank Stock Value
1
LAZ icon
Lazard
LAZ
+$18.3M
2
HCC icon
Warrior Met Coal
HCC
+$13.3M
3
CMA
Comerica
CMA
+$11.2M
4
DB icon
Deutsche Bank
DB
+$5.2M
5
IVT icon
InvenTrust Properties
IVT
+$4.37M

Sector Composition

Rank Sector Weight
1 Financials 32.18%
2 Real Estate 25.04%
3 Energy 11.3%
4 Industrials 8.67%
5 Materials 8.41%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
DB icon
1
Deutsche Bank
DB
$75.8B
$37.7M 7.29%
2,186,504
-302,426
-12% -$5.2M
TDW icon
2
Tidewater
TDW
$4.61B
$32.2M 6.23%
588,179
+106,705
+22% +$6.07M
HCC icon
3
Warrior Met Coal
HCC
$5.65B
$31.9M 6.17%
587,445
-207,969
-26% -$13.3M
CBRE icon
4
CBRE Group
CBRE
$43.7B
$22.8M 4.42%
174,018
-8,993
-5% -$1.18M
BN icon
5
Brookfield
BN
$92.3B
$22.5M 4.35%
587,217
-94,974
-14% -$3.58M
LEN.B icon
6
Lennar Class B
LEN.B
$20.5B
$21.4M 4.14%
170,194
– –
VAL icon
7
Valaris
VAL
$5.99B
$18.9M 3.65%
426,608
-5,739
-1% -$276K
CMA
8
DELISTED
Comerica
CMA
$18.7M 3.62%
302,881
-173,002
-36% -$11.2M
ORI icon
9
Old Republic International
ORI
$10.2B
$16.8M 3.26%
465,478
-44,576
-9% -$1.63M
UHAL.B icon
10
U-Haul Holding Co Series N
UHAL.B
$11.7B
$16M 3.1%
249,865
-34,663
-12% -$2.28M
FPH icon
11
Five Point Holdings
FPH
$367M
$15.6M 3.02%
4,125,911
+814,981
+25% +$3.19M
PLD icon
12
Prologis
PLD
$134B
$13.6M 2.64%
128,943
– –
SUI icon
13
Sun Communities
SUI
$15B
$13.3M 2.57%
108,137
+342
+0.3% +$43.8K
JLL icon
14
Jones Lang LaSalle
JLL
$17.4B
$13.2M 2.55%
51,990
– –
AMH icon
15
American Homes 4 Rent
AMH
$12.1B
$12M 2.33%
321,221
– –
UMBF icon
16
UMB Financial
UMBF
$11B
$11.6M 2.24%
102,796
-8,100
-7% -$937K
DHI icon
17
D.R. Horton
DHI
$41.2B
$11M 2.13%
78,745
– –
MYRG icon
18
MYR Group
MYRG
$4.58B
$10.8M 2.1%
72,797
– –
ITIC
19
Investors Title Co
ITIC
$565M
$9.27M 1.79%
39,139
– –
PRA
20
DELISTED
ProAssurance
PRA
$8.97M 1.74%
563,988
– –
RYN icon
21
Rayonier
RYN
$6.06B
$8.24M 1.59%
331,218
-16,866
-5% -$470K
ECPG icon
22
Encore Capital Group
ECPG
$2.1B
$8.17M 1.58%
171,022
– –
FR icon
23
First Industrial Realty Trust
FR
$8.21B
$7.88M 1.52%
157,130
– –
FRPH icon
24
FRP Holdings
FRPH
$426M
$7.75M 1.5%
252,952
– –
PB icon
25
Prosperity Bancshares
PB
$8.69B
$7.7M 1.49%
102,168
– –
1
2 3

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Third Avenue Management's Q4 2024 Portfolio in Review

As of Q4 2024, Third Avenue Management held 61 positions worth $517M, down 16% from $612M the previous quarter. Its ten largest holdings account for 46% of the portfolio.

Third Avenue Management withdrew a net $49.7M in Q4 2024, closing 2 positions and reducing 13 holdings. Its most notable exit was Lazard, an estimated $18.3M position sold in full.

By sector, the portfolio is most concentrated in Financials at 32% of assets, down from 32% a quarter earlier, followed by Real Estate and Energy.

Against the trend, Third Avenue Management opened a new position in Octave Specialty Group worth $2.91M.

  • Third Avenue Management's largest Q4 2024 buy was Octave Specialty Group: 230,416 shares worth $2.91M.
  • Third Avenue Management added most to Tidewater in Q4 2024, an estimated $6.07M increase.
  • Third Avenue Management's biggest Q4 2024 reduction was Warrior Met Coal, cutting an estimated $13.3M.
  • Third Avenue Management fully exited Lazard in Q4 2024, selling an estimated $18.3M.
  • Third Avenue Management's ten largest holdings make up 46% of its $517M portfolio in Q4 2024.
  • Third Avenue Management opened 2 new positions and closed 2 in Q4 2024.
  • Third Avenue Management's portfolio value fell 16% quarter-over-quarter to $517M.

Based on Third Avenue Management's 13F filing for Q4 2024, filed 13 Feb 2025.