Third Avenue Management13F | |
Third Avenue Management | |
Last update 2024-03-22 | 59 Stocks (1 new) |
Value $609.00 Mil | Turnover 2 % |
Portfolio Report |
Third Avenue Management Profile
Founded by legendary value investor Martin Whitman, Third Avenue Management manages mutual funds, separate accounts and hedge funds. Since 2002, Third Avenue Management has partnered with Affiliated Managers Group, a publicly traded asset manager that has invested in a diverse stable of boutique asset management firms. This partnership allowed Third Avenue to extend ownership rights to its senior professionals, including key members of the investment team, providing a clear and transparent succession plan for the Firm and all of its principals.
Third Avenue Management manages assets across four core strategies — Value, Small-Cap, Real Estate and International Real Estate – which are available to investors through 40Act mutual funds, institutional separately managed accounts and a Real Estate Value Fund UCITS for non-U.S. investors.
Third Avenue Management manages assets across four core strategies — Value, Small-Cap, Real Estate and International Real Estate – which are available to investors through 40Act mutual funds, institutional separately managed accounts and a Real Estate Value Fund UCITS for non-U.S. investors.
Third Avenue Management Investing Philosophy
For over 25 years, Third Avenue Management has consistently pursued a fundamental, bottom-up approach to deep value and distressed investing. Third Avenue takes an unconstrained investment approach and pursues opportunities across market capitalizations and geographies. The firm's core real estate, value and small-cap strategies focus on high-conviction ideas, pursuing maximum allocation to the best risk-adjusted return prospects across our universe.
Third Avenue Management Portfolio and Latest Trades
Ticker |
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Ticker |
LAZ |
HCC |
TDW |
LOW |
HA |
LXU |
DHI |
LEN.B |
JLL |
WASH |
COLL |
RYN |
WY |
SUI |
MYRG |
ITIC |
HBB |
FPH |
SUPN |
FIX |
BN |
KALU |
UHAL.B |
PLD |
AMH |
IVT |
SPHR |
CBRE |
FR |
FNF |
BAM |
BATRK |
CMA |
DB |
ORI |
SEB |
VAL |
TDW |
DB |
CCF |
CMA |
ITIC |
PLD |
SUI |
HCC |
WASH |
WY |
SUPN |
ECPG |
BATRK |
RYN |
DHI |
LEN.B |
SPHR |
ELME |
LXU |
ORI |
AMH |
BAM |
BN |
CBRE |
FR |
FPH |
FNF |
IVT |
JLL |
LOW |
MYRG |
PRA |
UHAL |
UHAL.B |
TDW |
VAL |
LEN.B |
EME |
CMA |
JLL |
DHI |
TPH |
IVT |
MSGE |
KALU |
PLD |
SUPN |
SUI |
SPHR |
EQC |
LOW |
ITIC |
MYRG |
UNF |
WSR |
ELME |
ICFI |
ECPG |
FIX |
DB |
BATRA |
RMR |
ROIC |
Ticker | | Company | Date | Action | Impact % | Price Range | Price | Price Change from Avrg% | Comment | Current Shares | Share Change |
---|---|---|---|---|---|---|---|---|---|---|---|
Ticker | | Company | Date | Action | Impact % | Price Range | Price | Price Change from Avrg% | Comment | Current Shares | Share Change |
LAZ | Lazard Inc | 2023-12-31 | Sold Out | -2.86% | 26.4 ($30.12) 35.21 | $38.99 | 29.45% | Sold Out | 0 | -550,206 | |
HCC | Warrior Met Coal Inc | 2023-12-31 | Reduce | -2.56% | 45.6 ($52.78) 62.28 | $70.13 | 32.87% | Reduce -23.63% | 967,899 | -299,454 | |
TDW | Tidewater Inc | 2023-12-31 | Reduce | -1.28% | 56.21 ($64.75) 76.07 | $95.72 | 47.83% | Reduce -13.04% | 703,631 | -105,554 | |
LOW | Lowe's Companies Inc | 2023-12-31 | Reduce | -0.95% | 183.62 ($202.7) 225.59 | $229.87 | 13.40% | Reduce -47.83% | 29,730 | -27,262 | |
HA | Hawaiian Holdings Inc | 2023-12-31 | Reduce | -0.82% | 3.91 ($7.42) 14.69 | $12.27 | 65.36% | Reduce -47.79% | 815,579 | -746,546 | |
LXU | LSB Industries Inc | 2023-12-31 | Add | +0.67% | 7.82 ($9.12) 10.4 | $8.21 | -9.98% | Add 1445.54% | 473,214 | 442,596 | |
DHI | D.R. Horton Inc | 2023-12-31 | Reduce | -0.65% | 100.66 ($123.13) 153.13 | $145.33 | 18.03% | Reduce -22.55% | 122,998 | -35,816 | |
LEN.B | Lennar Corp | 2023-12-31 | Reduce | -0.56% | 94.82 ($114.13) 139.79 | $142.88 | 25.19% | Reduce -15.62% | 173,710 | -32,162 | |
JLL | Jones Lang LaSalle Inc | 2023-12-31 | Reduce | -0.52% | 121.97 ($151.29) 189.98 | $182.50 | 20.63% | Reduce -29.99% | 51,990 | -22,268 | |
WASH | Washington Trust Bancorp Inc | 2023-12-31 | Reduce | -0.44% | 21.78 ($27.22) 33.64 | $26.14 | -3.97% | Reduce -32.5% | 199,119 | -95,875 | |
COLL | Collegium Pharmaceutical Inc | 2023-12-31 | New Buy | +0.42% | 21.16 ($25.05) 30.8 | $36.42 | 45.39% | New holding | 83,120 | 83,120 | |
RYN | Rayonier Inc | 2023-12-31 | Reduce | -0.38% | 25.15 ($29.46) 34.09 | $30.16 | 2.38% | Reduce -19% | 338,721 | -79,472 | |
WY | Weyerhaeuser Co | 2023-12-31 | Reduce | -0.33% | 28.55 ($31.12) 35.1 | $31.05 | -0.22% | Reduce -14.96% | 370,142 | -65,102 | |
SUI | Sun Communities Inc | 2023-12-31 | Add | +0.31% | 102.97 ($120.45) 136.22 | $119.08 | -1.14% | Add 38.62% | 50,634 | 14,107 | |
MYRG | MYR Group Inc | 2023-12-31 | Reduce | -0.30% | 111.85 ($128.84) 151.08 | $168.16 | 30.52% | Reduce -16.15% | 67,757 | -13,049 | |
ITIC | Investors Title Co | 2023-12-31 | Add | +0.25% | 130.88 ($148.59) 164.87 | $159.36 | 7.25% | Add 32.32% | 39,164 | 9,565 | |
HBB | Hamilton Beach Brands Holding Co | 2023-12-31 | Reduce | -0.23% | 11.66 ($14.03) 17.53 | $21.54 | 53.53% | Reduce -19.64% | 457,577 | -111,827 | |
FPH | Five Point Holdings LLC | 2023-12-31 | Reduce | -0.22% | 2.15 ($2.62) 3.22 | $2.89 | 10.31% | Reduce -12.04% | 3,294,796 | -451,079 | |
SUPN | Supernus Pharmaceuticals Inc | 2023-12-31 | Add | +0.21% | 22.72 ($26.51) 29.68 | $30.07 | 13.43% | Add 37.04% | 159,717 | 43,168 | |
FIX | Comfort Systems USA Inc | 2023-12-31 | Reduce | -0.19% | 152.12 ($184.77) 209.24 | $302.00 | 63.45% | Reduce -24.39% | 19,434 | -6,270 | |
BN | Brookfield Corp | 2023-12-31 | Reduce | -0.17% | 29.14 ($34.05) 40.74 | $40.96 | 20.29% | Reduce -6.16% | 488,274 | -32,078 | |
KALU | Kaiser Aluminum Corp | 2023-12-31 | Add | +0.16% | 54.28 ($63.37) 73.43 | $94.92 | 49.79% | Add 14.49% | 110,739 | 14,018 | |
UHAL.B | U-Haul Holding Co | 2023-12-31 | Reduce | -0.16% | 46.65 ($54.41) 71.18 | $63.00 | 15.79% | Reduce -5.62% | 294,413 | -17,546 | |
PLD | Prologis Inc | 2023-12-31 | Reduce | -0.12% | 97.32 ($113.52) 137.12 | $104.06 | -8.33% | Reduce -5.15% | 116,373 | -6,316 | |
AMH | American Homes 4 Rent | 2023-12-31 | Reduce | -0.10% | 31.49 ($34.92) 36.98 | $36.41 | 4.27% | Reduce -4.75% | 338,379 | -16,882 | |
IVT | InvenTrust Properties Corp | 2023-12-31 | Reduce | -0.07% | 22.81 ($24.92) 26.8 | $25.18 | 1.04% | Reduce -3.87% | 415,675 | -16,745 | |
SPHR | Sphere Entertainment Co | 2023-12-31 | Reduce | -0.04% | 28.41 ($34.79) 41.29 | $39.77 | 14.31% | Reduce -5.1% | 105,583 | -5,669 | |
CBRE | CBRE Group Inc | 2023-12-31 | Add | +0.02% | 65.76 ($77.74) 93.82 | $87.33 | 12.34% | Add 0.72% | 182,200 | 1,298 | |
FR | First Industrial Realty Trust Inc | 2023-12-31 | Reduce | -0.02% | 40.64 ($46.59) 53.97 | $46.00 | -1.27% | Reduce -1.84% | 154,848 | -2,910 | |
FNF | Fidelity National Financial Inc | 2023-12-31 | Reduce | -0.02% | 37.37 ($43.53) 51.37 | $50.39 | 15.76% | Reduce -2.68% | 117,953 | -3,254 | |
BAM | Brookfield Asset Management Ltd | 2023-12-31 | Add | +0.01% | 28.67 ($33.8) 40.43 | $39.70 | 17.46% | Add 0.95% | 131,670 | 1,233 | |
BATRK | Atlanta Braves Holdings Inc | 2023-12-31 | Add | 0% | 34.19 ($36.49) 39.91 | $38.19 | 4.66% | Add 1.17% | 26,000 | 300 | |
CMA | Comerica Inc | 2023-12-31 | Add | 0% | 37.95 ($45.21) 56.81 | $52.07 | 15.17% | Add 0.08% | 476,269 | 373 | |
DB | Deutsche Bank AG | 2023-12-31 | Add | 0% | 10.06 ($11.77) 13.77 | $17.77 | 50.98% | Add 0.05% | 2,486,569 | 1,228 | |
ORI | Old Republic International Corp | 2023-12-31 | Add | 0% | 26.25 ($28.13) 29.6 | $30.13 | 7.11% | Add 0.1% | 827,421 | 864 | |
SEB | Seaboard Corp | 2023-12-31 | Add | 0% | 3475.98 ($3557.21) 3707 | $3,207.22 | -9.84% | Add 0.04% | 2,334 | 1 | |
VAL | Valaris Ltd | 2023-12-31 | Add | 0% | 63.17 ($68.54) 73.58 | $69.20 | 0.96% | Add 0.07% | 420,007 | 281 | |
TDW | Tidewater Inc | 2023-09-30 | Reduce | -2.65% | 54.09 ($63.14) 72.99 | $95.72 | 51.60% | Reduce -26.34% | 809,185 | -289,414 | |
DB | Deutsche Bank AG | 2023-09-30 | Reduce | -0.98% | 9.94 ($10.81) 11.66 | $17.77 | 64.38% | Reduce -18.48% | 2,485,341 | -563,229 | |
CCF | Chase Corp | 2023-09-30 | Sold Out | -0.80% | 115.04 ($125.27) 127.94 | $127.49 | 1.77% | Sold Out | 0 | -40,192 | |
CMA | Comerica Inc | 2023-09-30 | Reduce | -0.69% | 39.95 ($47.42) 53.96 | $52.07 | 9.81% | Reduce -17.22% | 475,896 | -99,010 | |
ITIC | Investors Title Co | 2023-09-30 | Add | +0.57% | 143.89 ($150.27) 158.65 | $159.36 | 6.05% | Add 343.56% | 29,599 | 22,926 | |
PLD | Prologis Inc | 2023-09-30 | Reduce | -0.56% | 111.25 ($122.33) 129.28 | $104.06 | -14.94% | Reduce -18.5% | 122,689 | -27,842 | |
SUI | Sun Communities Inc | 2023-09-30 | Add | +0.50% | 118.34 ($126.92) 141.17 | $119.08 | -6.18% | Add 217.16% | 36,527 | 25,010 | |
HCC | Warrior Met Coal Inc | 2023-09-30 | Reduce | -0.50% | 38.08 ($41.98) 51.08 | $70.13 | 67.06% | Reduce -5.77% | 1,267,353 | -77,558 | |
WASH | Washington Trust Bancorp Inc | 2023-09-30 | Add | +0.42% | 26.11 ($28.55) 32.07 | $26.14 | -8.44% | Add 44.5% | 294,994 | 90,842 | |
WY | Weyerhaeuser Co | 2023-09-30 | Reduce | -0.28% | 30.51 ($32.92) 34.52 | $31.05 | -5.68% | Reduce -10.3% | 435,244 | -49,998 | |
SUPN | Supernus Pharmaceuticals Inc | 2023-09-30 | Add | +0.23% | 27.57 ($30.44) 32.91 | $30.07 | -1.22% | Add 73.79% | 116,549 | 49,487 | |
ECPG | Encore Capital Group Inc | 2023-09-30 | Add | +0.20% | 45.62 ($49.06) 54.19 | $41.63 | -15.14% | Add 17.75% | 170,678 | 25,723 | |
BATRK | Atlanta Braves Holdings Inc | 2023-09-30 | New Buy | +0.15% | 35.5 ($37.85) 42.54 | $38.19 | 0.90% | New holding | 25,700 | 25,700 | |
RYN | Rayonier Inc | 2023-09-30 | Reduce | -0.15% | 28.04 ($30.76) 33.12 | $30.16 | -1.95% | Reduce -6.28% | 418,193 | -28,015 | |
DHI | D.R. Horton Inc | 2023-09-30 | Reduce | -0.14% | 107.01 ($119.73) 131 | $145.33 | 21.38% | Reduce -4.14% | 158,814 | -6,864 | |
LEN.B | Lennar Corp | 2023-09-30 | Reduce | -0.14% | 101.68 ($109.61) 120.91 | $142.88 | 30.35% | Reduce -3.51% | 205,872 | -7,496 | |
SPHR | Sphere Entertainment Co | 2023-09-30 | Reduce | -0.08% | 27.63 ($36.85) 43.06 | $39.77 | 7.92% | Reduce -13.59% | 111,252 | -17,500 | |
ELME | Elme Communities | 2023-09-30 | Add | +0.05% | 13.49 ($15.48) 16.88 | $15.04 | -2.84% | Add 44.44% | 65,000 | 20,000 | |
LXU | LSB Industries Inc | 2023-09-30 | New Buy | +0.05% | 9.75 ($10.36) 11.34 | $8.21 | -20.75% | New holding | 30,618 | 30,618 | |
ORI | Old Republic International Corp | 2023-09-30 | Reduce | -0.04% | 24.97 ($26.98) 28.18 | $30.13 | 11.68% | Reduce -1.17% | 826,557 | -9,774 | |
AMH | American Homes 4 Rent | 2023-09-30 | Reduce | 0% | 33.69 ($35.89) 37.48 | $36.41 | 1.45% | Reduce -0.16% | 355,261 | -562 | |
BAM | Brookfield Asset Management Ltd | 2023-09-30 | Reduce | 0% | 31.08 ($33.76) 36.05 | $39.70 | 17.59% | Reduce -0.16% | 130,437 | -209 | |
BN | Brookfield Corp | 2023-09-30 | Reduce | 0% | 31.27 ($33.79) 36.1 | $40.96 | 21.22% | Reduce -0.15% | 520,352 | -771 | |
CBRE | CBRE Group Inc | 2023-09-30 | Reduce | 0% | 73.3 ($82.92) 88.91 | $87.33 | 5.32% | Reduce -0.16% | 180,902 | -287 | |
FR | First Industrial Realty Trust Inc | 2023-09-30 | Reduce | 0% | 47.59 ($51.51) 54.86 | $46.00 | -10.70% | Reduce -0.16% | 157,758 | -252 | |
FPH | Five Point Holdings LLC | 2023-09-30 | Reduce | 0% | 2.76 ($3.1) 3.54 | $2.89 | -6.77% | Reduce -0.14% | 3,745,875 | -5,365 | |
FNF | Fidelity National Financial Inc | 2023-09-30 | Reduce | 0% | 35.43 ($40.04) 43.03 | $50.39 | 25.85% | Reduce -0.18% | 121,207 | -221 | |
IVT | InvenTrust Properties Corp | 2023-09-30 | Reduce | 0% | 22.64 ($24.05) 24.92 | $25.18 | 4.70% | Reduce -0.09% | 432,420 | -399 | |
JLL | Jones Lang LaSalle Inc | 2023-09-30 | Reduce | 0% | 139.12 ($163.31) 175.73 | $182.50 | 11.75% | Reduce -0.16% | 74,258 | -120 | |
LOW | Lowe's Companies Inc | 2023-09-30 | Reduce | 0% | 206.96 ($224.96) 235.09 | $229.87 | 2.18% | Reduce -0.18% | 56,992 | -104 | |
MYRG | MYR Group Inc | 2023-09-30 | Reduce | 0% | 134.76 ($141.43) 151.61 | $168.16 | 18.90% | Reduce -0.1% | 80,806 | -79 | |
PRA | ProAssurance Corp | 2023-09-30 | Add | 0% | 15.24 ($17.31) 19 | $13.17 | -23.92% | Add 0.02% | 443,619 | 109 | |
UHAL | U-Haul Holding Co | 2023-09-30 | Reduce | 0% | 54.57 ($58.08) 62.1 | $64.92 | 11.78% | Reduce -3.45% | 1,456 | -52 | |
UHAL.B | U-Haul Holding Co | 2023-09-30 | Reduce | 0% | 49.62 ($54.26) 58.83 | $63.00 | 16.11% | Reduce -0.15% | 311,959 | -462 | |
TDW | Tidewater Inc | 2023-06-30 | Reduce | -2.23% | 39.6 ($45.76) 55.44 | $95.72 | 109.18% | Reduce -21.19% | 1,098,599 | -295,408 | |
VAL | Valaris Ltd | 2023-06-30 | Add | +1.15% | 55 ($60.35) 66.96 | $69.20 | 14.66% | Add 35.74% | 419,726 | 110,522 | |
LEN.B | Lennar Corp | 2023-06-30 | Reduce | -0.92% | 86.71 ($98.59) 112.98 | $142.88 | 44.92% | Reduce -21.98% | 213,368 | -60,100 | |
EME | EMCOR Group Inc | 2023-06-30 | Sold Out | -0.91% | 152.82 ($167.2) 184.78 | $354.02 | 111.73% | Sold Out | 0 | -32,597 | |
CMA | Comerica Inc | 2023-06-30 | Add | +0.66% | 31.21 ($40.46) 47.09 | $52.07 | 28.70% | Add 19.68% | 574,906 | 94,548 | |
JLL | Jones Lang LaSalle Inc | 2023-06-30 | Add | +0.59% | 127.27 ($141.85) 155.8 | $182.50 | 28.66% | Add 45.17% | 74,378 | 23,143 | |
DHI | D.R. Horton Inc | 2023-06-30 | Reduce | -0.56% | 95.64 ($109.16) 123.05 | $145.33 | 33.13% | Reduce -16.9% | 165,678 | -33,696 | |
TPH | Tri Pointe Homes Inc | 2023-06-30 | Reduce | -0.45% | 24.75 ($29.22) 33.16 | $37.88 | 29.64% | Reduce -39.88% | 155,997 | -103,466 | |
IVT | InvenTrust Properties Corp | 2023-06-30 | Reduce | -0.44% | 20.92 ($22.57) 23.98 | $25.18 | 11.56% | Reduce -20.27% | 432,819 | -110,033 | |
MSGE | Madison Square Garden Entertainment Corp | 2023-06-30 | Sold Out | -0.41% | 28.7 ($34.31) 40.09 | $39.42 | 14.89% | Sold Out | 0 | -81,238 | |
KALU | Kaiser Aluminum Corp | 2023-06-30 | Add | +0.38% | 57.36 ($66.24) 74.81 | $94.92 | 43.30% | Add 50.39% | 96,721 | 32,406 | |
PLD | Prologis Inc | 2023-06-30 | Reduce | -0.38% | 116.9 ($123.04) 128.08 | $104.06 | -15.43% | Reduce -10.49% | 150,531 | -17,635 | |
SUPN | Supernus Pharmaceuticals Inc | 2023-06-30 | Add | +0.32% | 29.91 ($35.01) 38.73 | $30.07 | -14.11% | Add 2626.1% | 67,062 | 64,602 | |
SUI | Sun Communities Inc | 2023-06-30 | New Buy | +0.25% | 125.13 ($133.87) 141.8 | $119.08 | -11.05% | New holding | 11,517 | 11,517 | |
SPHR | Sphere Entertainment Co | 2023-06-30 | Add | +0.21% | 21.53 ($26.53) 31.31 | $39.77 | 49.91% | Add 58.49% | 128,752 | 47,514 | |
EQC | Equity Commonwealth | 2023-06-30 | New Buy | +0.18% | 20.21 ($20.7) 21.3 | $18.60 | -10.14% | New holding | 55,000 | 55,000 | |
LOW | Lowe's Companies Inc | 2023-06-30 | Reduce | -0.17% | 198.57 ($207.87) 225.7 | $229.87 | 10.58% | Reduce -8.15% | 57,096 | -5,063 | |
ITIC | Investors Title Co | 2023-06-30 | New Buy | +0.16% | 131.15 ($141.75) 154.9 | $159.36 | 12.42% | New holding | 6,673 | 6,673 | |
MYRG | MYR Group Inc | 2023-06-30 | Reduce | -0.14% | 117.93 ($130.48) 139.81 | $168.16 | 28.88% | Reduce -7.24% | 80,885 | -6,316 | |
UNF | UniFirst Corp | 2023-06-30 | Add | +0.13% | 155.01 ($168.37) 181.22 | $164.24 | -2.45% | Add 32.76% | 19,837 | 4,895 | |
WSR | Whitestone REIT | 2023-06-30 | New Buy | +0.13% | 8.22 ($9.01) 9.82 | $11.37 | 26.19% | New holding | 80,000 | 80,000 | |
ELME | Elme Communities | 2023-06-30 | New Buy | +0.12% | 15.07 ($16.54) 18.11 | $15.04 | -9.07% | New holding | 45,000 | 45,000 | |
ICFI | ICF International Inc | 2023-06-30 | Reduce | -0.11% | 108.02 ($115.31) 126.16 | $141.89 | 23.05% | Reduce -9.44% | 57,779 | -6,023 | |
ECPG | Encore Capital Group Inc | 2023-06-30 | Add | +0.10% | 43.07 ($48.69) 53.23 | $41.63 | -14.50% | Add 9.12% | 144,955 | 12,118 | |
FIX | Comfort Systems USA Inc | 2023-06-30 | Reduce | -0.08% | 129.31 ($148.66) 166.3 | $302.00 | 103.15% | Reduce -11.06% | 25,704 | -3,198 | |
DB | Deutsche Bank AG | 2023-06-30 | Add | +0.06% | 9.95 ($10.53) 11.04 | $17.77 | 68.76% | Add 1.24% | 3,048,570 | 37,467 | |
BATRA | Atlanta Braves Holdings Inc | 2023-06-30 | Reduce | -0.06% | 34.58 ($38.59) 41.38 | $41.16 | 6.66% | Reduce -5.56% | 164,438 | -9,690 | |
RMR | The RMR Group Inc | 2023-06-30 | Add | +0.04% | 21.14 ($23.4) 26.24 | $23.53 | 0.56% | Add 42.31% | 37,000 | 11,000 | |
ROIC | Retail Opportunity Investments Corp | 2023-06-30 | Add | +0.03% | 12.06 ($12.98) 13.96 | $12.25 | -5.62% | Add 20% | 90,000 | 15,000 |
Total 257
Third Avenue Management News
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