Robert “Chip” Rewey, leader of Martin Whitman (Trades, Portfolio)’s Third Avenue Management (Trades, Portfolio) Value and Small-Cap teams, will join GuruFocus for an exclusive interview to answer readers’ questions. Have questions about Mr. Rewey’s investing philosophy or top holdings? Simply post them in the comments box below.
Mr. Rewey is the lead portfolio manager for five of Third Avenue’s funds including the Value Fund and Small-Cap Value Fund. Before joining Third Avenue last year, Mr. Rewey oversaw the smid, mid, large and all-cap investment strategies at Cramer Rosenthal McGlynn for 10 years.
As of the first quarter, the top five holdings in the Value Fund are Cavco Industries (CVCO), Bank of New York Mellon (BN, Financial), Comerica (CMA, Financial), Weyerhaeuser (WY, Financial), and CK Hutchinson Holdings (HKSE:00001, Financial). The majority of assets are held in the oil and gas sector at 11.1%, followed by 11% in diversified holding companies, and 7.3% each in automotive and insurance.
As of May 31, the investor class shares of the fund had annualized returns of 16.3% over the past three years, and an annualized return of 9.85% over the past five years.
Most recently, GuruFocus interviewed Bill Nygren (Trades, Portfolio) of Oakmark Fund; learn more about his investing philosophy in Part I and Part II of the Q&A. All questions for Mr. Rewey should be submitted by Friday, June 19.
