Third Avenue Management

Third Avenue Management

13F
Third Avenue Management
Last update 2024-03-22 59 Stocks (1 new)
Value $609.00 Mil Turnover 2 %
Countries:
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 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

Type:
Ticker
Company
Date
Action
Impact %
Price Range
Price
Price Change from Avrg%
Comment
Current Shares
Share Change
LAZ
Lazard Inc2023-12-31Sold Out
-2.86%
26.4 ($30.12) 35.21
$41.87
39.01%
Sold Out
0
-550,206
HCC
Warrior Met Coal Inc2023-12-31Reduce
-2.56%
45.6 ($52.78) 62.28
$60.70
15.01%
Reduce -23.63%
967,899
-299,454
TDW
Tidewater Inc2023-12-31Reduce
-1.28%
56.21 ($64.75) 76.07
$92.00
42.08%
Reduce -13.04%
703,631
-105,554
LOW
Lowe's Companies Inc2023-12-31Reduce
-0.95%
183.62 ($202.7) 225.59
$254.73
25.67%
Reduce -47.83%
29,730
-27,262
HA
Hawaiian Holdings Inc2023-12-31Reduce
-0.82%
3.91 ($7.42) 14.69
$13.33
79.65%
Reduce -47.79%
815,579
-746,546
LXU
LSB Industries Inc2023-12-31Add
+0.67%
7.82 ($9.12) 10.4
$8.78
-3.73%
Add 1445.54%
473,214
442,596
DHI
D.R. Horton Inc2023-12-31Reduce
-0.65%
100.66 ($123.13) 153.13
$164.55
33.64%
Reduce -22.55%
122,998
-35,816
LEN.B
Lennar Corp2023-12-31Reduce
-0.56%
94.82 ($114.13) 139.79
$154.18
35.09%
Reduce -15.62%
173,710
-32,162
JLL
Jones Lang LaSalle Inc2023-12-31Reduce
-0.52%
121.97 ($151.29) 189.98
$195.09
28.95%
Reduce -29.99%
51,990
-22,268
WASH
Washington Trust Bancorp Inc2023-12-31Reduce
-0.44%
21.78 ($27.22) 33.64
$26.86
-1.32%
Reduce -32.5%
199,119
-95,875
COLL
Collegium Pharmaceutical Inc2023-12-31New Buy
+0.42%
21.16 ($25.05) 30.8
$38.79
54.85%
New holding
83,120
83,120
RYN
Rayonier Inc2023-12-31Reduce
-0.38%
25.15 ($29.46) 34.09
$33.24
12.83%
Reduce -19%
338,721
-79,472
WY
Weyerhaeuser Co2023-12-31Reduce
-0.33%
28.55 ($31.12) 35.1
$35.91
15.39%
Reduce -14.96%
370,142
-65,102
SUI
Sun Communities Inc2023-12-31Add
+0.31%
102.97 ($120.45) 136.22
$128.58
6.75%
Add 38.62%
50,634
14,107
MYRG
MYR Group Inc2023-12-31Reduce
-0.30%
111.85 ($128.84) 151.08
$176.75
37.19%
Reduce -16.15%
67,757
-13,049
ITIC
Investors Title Co2023-12-31Add
+0.25%
130.88 ($148.59) 164.87
$163.00
9.70%
Add 32.32%
39,164
9,565
HBB
Hamilton Beach Brands Holding Co2023-12-31Reduce
-0.23%
11.66 ($14.03) 17.53
$24.36
73.63%
Reduce -19.64%
457,577
-111,827
FPH
Five Point Holdings LLC2023-12-31Reduce
-0.22%
2.15 ($2.62) 3.22
$3.13
19.47%
Reduce -12.04%
3,294,796
-451,079
SUPN
Supernus Pharmaceuticals Inc2023-12-31Add
+0.21%
22.72 ($26.51) 29.68
$34.08
28.56%
Add 37.04%
159,717
43,168
FIX
Comfort Systems USA Inc2023-12-31Reduce
-0.19%
152.12 ($184.77) 209.24
$317.71
71.95%
Reduce -24.39%
19,434
-6,270
BN
Brookfield Corp2023-12-31Reduce
-0.17%
29.14 ($34.05) 40.74
$41.87
22.97%
Reduce -6.16%
488,274
-32,078
KALU
Kaiser Aluminum Corp2023-12-31Add
+0.16%
54.28 ($63.37) 73.43
$89.36
41.01%
Add 14.49%
110,739
14,018
UHAL.B
U-Haul Holding Co2023-12-31Reduce
-0.16%
46.65 ($54.41) 71.18
$66.68
22.55%
Reduce -5.62%
294,413
-17,546
PLD
Prologis Inc2023-12-31Reduce
-0.12%
97.32 ($113.52) 137.12
$130.22
14.71%
Reduce -5.15%
116,373
-6,316
AMH
American Homes 4 Rent2023-12-31Reduce
-0.10%
31.49 ($34.92) 36.98
$36.78
5.33%
Reduce -4.75%
338,379
-16,882
IVT
InvenTrust Properties Corp2023-12-31Reduce
-0.07%
22.81 ($24.92) 26.8
$25.71
3.17%
Reduce -3.87%
415,675
-16,745
SPHR
Sphere Entertainment Co2023-12-31Reduce
-0.04%
28.41 ($34.79) 41.29
$49.08
41.08%
Reduce -5.1%
105,583
-5,669
CBRE
CBRE Group Inc2023-12-31Add
+0.02%
65.76 ($77.74) 93.82
$97.24
25.08%
Add 0.72%
182,200
1,298
FR
First Industrial Realty Trust Inc2023-12-31Reduce
-0.02%
40.64 ($46.59) 53.97
$52.54
12.77%
Reduce -1.84%
154,848
-2,910
FNF
Fidelity National Financial Inc2023-12-31Reduce
-0.02%
37.37 ($43.53) 51.37
$53.10
21.98%
Reduce -2.68%
117,953
-3,254
BAM
Brookfield Asset Management Ltd2023-12-31Add
+0.01%
28.67 ($33.8) 40.43
$42.02
24.32%
Add 0.95%
131,670
1,233
BATRK
Atlanta Braves Holdings Inc2023-12-31Add
0%
34.19 ($36.49) 39.91
$39.06
7.04%
Add 1.17%
26,000
300
CMA
Comerica Inc2023-12-31Add
0%
37.95 ($45.21) 56.81
$54.99
21.63%
Add 0.08%
476,269
373
DB
Deutsche Bank AG2023-12-31Add
0%
10.06 ($11.77) 13.77
$15.77
33.98%
Add 0.05%
2,486,569
1,228
ORI
Old Republic International Corp2023-12-31Add
0%
26.25 ($28.13) 29.6
$30.72
9.21%
Add 0.1%
827,421
864
SEB
Seaboard Corp2023-12-31Add
0%
3475.98 ($3557.21) 3707
$3,223.92
-9.37%
Add 0.04%
2,334
1
VAL
Valaris Ltd2023-12-31Add
0%
63.17 ($68.54) 73.58
$75.26
9.80%
Add 0.07%
420,007
281
TDW
Tidewater Inc2023-09-30Reduce
-2.65%
54.09 ($63.14) 72.99
$92.00
45.71%
Reduce -26.34%
809,185
-289,414
DB
Deutsche Bank AG2023-09-30Reduce
-0.98%
9.94 ($10.81) 11.66
$15.77
45.88%
Reduce -18.48%
2,485,341
-563,229
CCF Chase Corp2023-09-30Sold Out
-0.80%
115.04 ($125.27) 127.94
$127.49
1.77%
Sold Out
0
-40,192
CMA
Comerica Inc2023-09-30Reduce
-0.69%
39.95 ($47.42) 53.96
$54.99
15.96%
Reduce -17.22%
475,896
-99,010
ITIC
Investors Title Co2023-09-30Add
+0.57%
143.89 ($150.27) 158.65
$163.00
8.47%
Add 343.56%
29,599
22,926
PLD
Prologis Inc2023-09-30Reduce
-0.56%
111.25 ($122.33) 129.28
$130.22
6.45%
Reduce -18.5%
122,689
-27,842
SUI
Sun Communities Inc2023-09-30Add
+0.50%
118.34 ($126.92) 141.17
$128.58
1.31%
Add 217.16%
36,527
25,010
HCC
Warrior Met Coal Inc2023-09-30Reduce
-0.50%
38.08 ($41.98) 51.08
$60.70
44.59%
Reduce -5.77%
1,267,353
-77,558
WASH
Washington Trust Bancorp Inc2023-09-30Add
+0.42%
26.11 ($28.55) 32.07
$26.86
-5.92%
Add 44.5%
294,994
90,842
WY
Weyerhaeuser Co2023-09-30Reduce
-0.28%
30.51 ($32.92) 34.52
$35.91
9.08%
Reduce -10.3%
435,244
-49,998
SUPN
Supernus Pharmaceuticals Inc2023-09-30Add
+0.23%
27.57 ($30.44) 32.91
$34.08
11.96%
Add 73.79%
116,549
49,487
ECPG
Encore Capital Group Inc2023-09-30Add
+0.20%
45.62 ($49.06) 54.19
$45.48
-7.30%
Add 17.75%
170,678
25,723
BATRK
Atlanta Braves Holdings Inc2023-09-30New Buy
+0.15%
35.5 ($37.85) 42.54
$39.06
3.20%
New holding
25,700
25,700
RYN
Rayonier Inc2023-09-30Reduce
-0.15%
28.04 ($30.76) 33.12
$33.24
8.06%
Reduce -6.28%
418,193
-28,015
DHI
D.R. Horton Inc2023-09-30Reduce
-0.14%
107.01 ($119.73) 131
$164.55
37.43%
Reduce -4.14%
158,814
-6,864
LEN.B
Lennar Corp2023-09-30Reduce
-0.14%
101.68 ($109.61) 120.91
$154.18
40.66%
Reduce -3.51%
205,872
-7,496
SPHR
Sphere Entertainment Co2023-09-30Reduce
-0.08%
27.63 ($36.85) 43.06
$49.08
33.19%
Reduce -13.59%
111,252
-17,500
ELME
Elme Communities2023-09-30Add
+0.05%
13.49 ($15.48) 16.88
$13.92
-10.08%
Add 44.44%
65,000
20,000
LXU
LSB Industries Inc2023-09-30New Buy
+0.05%
9.75 ($10.36) 11.34
$8.78
-15.25%
New holding
30,618
30,618
ORI
Old Republic International Corp2023-09-30Reduce
-0.04%
24.97 ($26.98) 28.18
$30.72
13.86%
Reduce -1.17%
826,557
-9,774
AMH
American Homes 4 Rent2023-09-30Reduce
0%
33.69 ($35.89) 37.48
$36.78
2.48%
Reduce -0.16%
355,261
-562
BAM
Brookfield Asset Management Ltd2023-09-30Reduce
0%
31.08 ($33.76) 36.05
$42.02
24.47%
Reduce -0.16%
130,437
-209
BN
Brookfield Corp2023-09-30Reduce
0%
31.27 ($33.79) 36.1
$41.87
23.91%
Reduce -0.15%
520,352
-771
CBRE
CBRE Group Inc2023-09-30Reduce
0%
73.3 ($82.92) 88.91
$97.24
17.27%
Reduce -0.16%
180,902
-287
FR
First Industrial Realty Trust Inc2023-09-30Reduce
0%
47.59 ($51.51) 54.86
$52.54
2.00%
Reduce -0.16%
157,758
-252
FPH
Five Point Holdings LLC2023-09-30Reduce
0%
2.76 ($3.1) 3.54
$3.13
0.97%
Reduce -0.14%
3,745,875
-5,365
FNF
Fidelity National Financial Inc2023-09-30Reduce
0%
35.43 ($40.04) 43.03
$53.10
32.62%
Reduce -0.18%
121,207
-221
IVT
InvenTrust Properties Corp2023-09-30Reduce
0%
22.64 ($24.05) 24.92
$25.71
6.90%
Reduce -0.09%
432,420
-399
JLL
Jones Lang LaSalle Inc2023-09-30Reduce
0%
139.12 ($163.31) 175.73
$195.09
19.46%
Reduce -0.16%
74,258
-120
LOW
Lowe's Companies Inc2023-09-30Reduce
0%
206.96 ($224.96) 235.09
$254.73
13.23%
Reduce -0.18%
56,992
-104
MYRG
MYR Group Inc2023-09-30Reduce
0%
134.76 ($141.43) 151.61
$176.75
24.97%
Reduce -0.1%
80,806
-79
PRA
ProAssurance Corp2023-09-30Add
0%
15.24 ($17.31) 19
$12.86
-25.71%
Add 0.02%
443,619
109
UHAL
U-Haul Holding Co2023-09-30Reduce
0%
54.57 ($58.08) 62.1
$67.54
16.29%
Reduce -3.45%
1,456
-52
UHAL.B
U-Haul Holding Co2023-09-30Reduce
0%
49.62 ($54.26) 58.83
$66.68
22.89%
Reduce -0.15%
311,959
-462
TDW
Tidewater Inc2023-06-30Reduce
-2.23%
39.6 ($45.76) 55.44
$92.00
101.05%
Reduce -21.19%
1,098,599
-295,408
VAL
Valaris Ltd2023-06-30Add
+1.15%
55 ($60.35) 66.96
$75.26
24.71%
Add 35.74%
419,726
110,522
LEN.B
Lennar Corp2023-06-30Reduce
-0.92%
86.71 ($98.59) 112.98
$154.18
56.39%
Reduce -21.98%
213,368
-60,100
EME
EMCOR Group Inc2023-06-30Sold Out
-0.91%
152.82 ($167.2) 184.78
$350.20
109.45%
Sold Out
0
-32,597
CMA
Comerica Inc2023-06-30Add
+0.66%
31.21 ($40.46) 47.09
$54.99
35.91%
Add 19.68%
574,906
94,548
JLL
Jones Lang LaSalle Inc2023-06-30Add
+0.59%
127.27 ($141.85) 155.8
$195.09
37.53%
Add 45.17%
74,378
23,143
DHI
D.R. Horton Inc2023-06-30Reduce
-0.56%
95.64 ($109.16) 123.05
$164.55
50.74%
Reduce -16.9%
165,678
-33,696
TPH
Tri Pointe Homes Inc2023-06-30Reduce
-0.45%
24.75 ($29.22) 33.16
$38.66
32.31%
Reduce -39.88%
155,997
-103,466
IVT
InvenTrust Properties Corp2023-06-30Reduce
-0.44%
20.92 ($22.57) 23.98
$25.71
13.91%
Reduce -20.27%
432,819
-110,033
MSGE
Madison Square Garden Entertainment Corp2023-06-30Sold Out
-0.41%
28.7 ($34.31) 40.09
$39.21
14.28%
Sold Out
0
-81,238
KALU
Kaiser Aluminum Corp2023-06-30Add
+0.38%
57.36 ($66.24) 74.81
$89.36
34.90%
Add 50.39%
96,721
32,406
PLD
Prologis Inc2023-06-30Reduce
-0.38%
116.9 ($123.04) 128.08
$130.22
5.84%
Reduce -10.49%
150,531
-17,635
SUPN
Supernus Pharmaceuticals Inc2023-06-30Add
+0.32%
29.91 ($35.01) 38.73
$34.08
-2.66%
Add 2626.1%
67,062
64,602
SUI
Sun Communities Inc2023-06-30New Buy
+0.25%
125.13 ($133.87) 141.8
$128.58
-3.95%
New holding
11,517
11,517
SPHR
Sphere Entertainment Co2023-06-30Add
+0.21%
21.53 ($26.53) 31.31
$49.08
85.00%
Add 58.49%
128,752
47,514
EQC
Equity Commonwealth2023-06-30New Buy
+0.18%
20.21 ($20.7) 21.3
$18.88
-8.79%
New holding
55,000
55,000
LOW
Lowe's Companies Inc2023-06-30Reduce
-0.17%
198.57 ($207.87) 225.7
$254.73
22.54%
Reduce -8.15%
57,096
-5,063
ITIC
Investors Title Co2023-06-30New Buy
+0.16%
131.15 ($141.75) 154.9
$163.00
14.99%
New holding
6,673
6,673
MYRG
MYR Group Inc2023-06-30Reduce
-0.14%
117.93 ($130.48) 139.81
$176.75
35.46%
Reduce -7.24%
80,885
-6,316
UNF
UniFirst Corp2023-06-30Add
+0.13%
155.01 ($168.37) 181.22
$173.43
3.01%
Add 32.76%
19,837
4,895
WSR
Whitestone REIT2023-06-30New Buy
+0.13%
8.22 ($9.01) 9.82
$12.55
39.29%
New holding
80,000
80,000
ELME
Elme Communities2023-06-30New Buy
+0.12%
15.07 ($16.54) 18.11
$13.92
-15.84%
New holding
45,000
45,000
ICFI
ICF International Inc2023-06-30Reduce
-0.11%
108.02 ($115.31) 126.16
$150.31
30.35%
Reduce -9.44%
57,779
-6,023
ECPG
Encore Capital Group Inc2023-06-30Add
+0.10%
43.07 ($48.69) 53.23
$45.48
-6.59%
Add 9.12%
144,955
12,118
FIX
Comfort Systems USA Inc2023-06-30Reduce
-0.08%
129.31 ($148.66) 166.3
$317.71
113.72%
Reduce -11.06%
25,704
-3,198
DB
Deutsche Bank AG2023-06-30Add
+0.06%
9.95 ($10.53) 11.04
$15.77
49.76%
Add 1.24%
3,048,570
37,467
BATRA
Atlanta Braves Holdings Inc2023-06-30Reduce
-0.06%
34.58 ($38.59) 41.38
$41.90
8.58%
Reduce -5.56%
164,438
-9,690
RMR
The RMR Group Inc2023-06-30Add
+0.04%
21.14 ($23.4) 26.24
$23.97
2.44%
Add 42.31%
37,000
11,000
ROIC
Retail Opportunity Investments Corp2023-06-30Add
+0.03%
12.06 ($12.98) 13.96
$12.82
-1.23%
Add 20%
90,000
15,000
100/Page
Total 289

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