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Third Avenue Management13F | |
| Third Avenue Management | |
| Last update 2026-05-13 | 53 Stocks (6 new) |
| Value $616.00 Mil | Turnover 16 % |
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 Top Holdings of 2026-03-31
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| Ticker | | Company | Shares | Value ($1000) | Shares Change % | Weighting % | Trade Impact % | % of Shares outstanding | 3M Change % | YTD Change % | Market Cap $Mil | Industry |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TDW | Tidewater Inc | 921,181 | 76,964.7 | +5.51% | 12.490 | +0.65% | 1.850 | -9.93% | +50.45% | 3,779.0 | Oil & Gas | |
VAL | Valaris Ltd | 508,186 | 49,822.6 | -13.04% | 8.090 | -0.70% | 0.730 | -18.70% | +52.50% | 5,322.7 | Oil & Gas | |
BCC | Boise Cascade Co | 562,021 | 42,629.3 | +30.70% | 6.920 | +1.63% | 1.600 | +2.81% | +10.37% | 2,841.9 | Forest Products | |
HCC | Warrior Met Coal Inc | 364,002 | 33,906.8 | -37.60% | 5.500 | -3.52% | 0.690 | -5.70% | -8.12% | 4,269.6 | Steel | |
HOG | Harley-Davidson Inc | 1,462,670 | 29,575.2 | New Holding | 4.800 | +4.80% | 1.390 | +19.63% | +32.40% | 2,804.3 | Vehicles & Parts | |
RHI | Robert Half Inc | 903,905 | 22,959.2 | New Holding | 3.730 | +3.73% | 0.880 | +55.96% | +55.48% | 4,120.4 | Business Services | |
BN | Brookfield Corp | 481,495 | 19,486.1 | -12.16% | 3.160 | -0.56% | 0.020 | -3.51% | -3.21% | 107,337.6 | Asset Management | |
FPH | Five Point Holdings LLC | 3,861,162 | 18,688.0 | -6.14% | 3.030 | -0.26% | 5.330 | +6.45% | -5.55% | 382.4 | Real Estate | |
CBRE | CBRE Group Inc | 136,330 | 18,467.3 | -7.15% | 3.000 | -0.31% | 0.050 | -3.19% | -11.01% | 41,896.2 | Real Estate | |
PLD | Prologis Inc | 125,945 | 16,647.4 | -13.41% | 2.700 | -0.45% | 0.010 | +5.83% | +18.81% | 139,268.0 | REITs |
Third Avenue Management's Historical Top Holdings Breakdowns
Third Avenue Management's Top Stock Picks
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| Ticker | | Company | Date | Action | Impact % | Price Range | Price | Price Change from Avrg% | Comment | Current Shares | Share Change |
|---|---|---|---|---|---|---|---|---|---|---|---|
HOG | Harley-Davidson Inc | 2026-03-31 | New Buy New Buy | +4.80% | 17.19 ($19.6) 21.43 | $26.77 | 36.61% | New holding | 1,462,670 | 1,462,670 | |
RHI | Robert Half Inc | 2026-03-31 | New Buy New Buy | +3.73% | 21.86 ($26.45) 34.61 | $40.48 | 53.04% | New holding | 903,905 | 903,905 | |
HCC | Warrior Met Coal Inc | 2026-03-31 | Reduce Reduce | -3.52% | 77.36 ($90.06) 102.44 | $80.87 | -10.20% | Reduce -37.6% | 364,002 | -219,318 | |
DB | Deutsche Bank AG | 2026-03-31 | Sold Out Sold Out | -2.36% | 28.37 ($35.22) 40.33 | $36.04 | 2.33% | Sold Out | 0 | -337,193 | |
BCC | Boise Cascade Co | 2026-03-31 | Add Add | +1.63% | 68.3 ($80.13) 91.03 | $80.76 | 0.79% | Add 30.7% | 562,021 | 132,022 | |
KALU | Kaiser Aluminum Corp | 2026-03-31 | Reduce Reduce | -1.16% | 107.04 ($126.61) 144.71 | $160.87 | 27.06% | Reduce -65% | 29,881 | -55,482 | |
BKD | Brookdale Senior Living Inc | 2026-03-31 | New Buy New Buy | +1.03% | 10.84 ($14.01) 16.77 | $14.90 | 6.39% | New holding | 463,664 | 463,664 | |
CPRX | Catalyst Pharmaceuticals Inc | 2026-03-31 | New Buy New Buy | +0.84% | 22.33 ($23.82) 25.22 | $31.49 | 32.20% | New holding | 210,161 | 210,161 | |
ROG | Rogers Corp | 2026-03-31 | Reduce Reduce | -0.81% | 91.97 ($102.89) 111.91 | $137.15 | 33.30% | Reduce -24.29% | 151,025 | -48,449 | |
RYN | Rayonier Inc | 2026-03-31 | Sold Out Sold Out | -0.74% | 19.5 ($22.03) 24.65 | $22.40 | 1.68% | Sold Out | 0 | -188,340 |
Third Avenue Management Total Holding History ($B)
Third Avenue Management's Asset Allocation
Third Avenue Management Past Portfolios
| Portfolio Date | Number of Stocks | New Stocks | Total Value ($Mil) | Q/Q Turnover |
|---|---|---|---|---|
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Third Avenue Management's Hypothetical Growth since 2026-03-31
Third Avenue Management's Yearly Returns
This information is only displayed for Gurus who publicly disclose audited performance records; most hedge funds and private investment firms do not publish such data or only provide limited historical performance information.
| Year | Portfolio % | % | Excess Gain % |
|---|
Third Avenue Management's Holdings Heat Map
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Third Avenue Management's Holdings Bubble Chart
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