Third Avenue Management
Third Avenue Management
13F
Third Avenue Management
Last update 2023-02-10 55 Stocks (5 new)
Value $575.00 Mil Turnover 11 %
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 β€” 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
DB
Deutsche Bank AG2022-12-31New Buy
+5.68%
●
7.44 ($9.86) 11.52
$9.35
-5.17%
New holding
2,888,365
2,888,365
UHAL
U-Haul Holding Co2022-12-31Reduce
-3.70%
●
50.32 ($57.53) 66.84
$54.17
-5.84%
Reduce -99.59%
1,508
-369,442
UHAL.B
U-Haul Holding Co2022-12-31New Buy
+2.99%
●
52.06 ($57.91) 66.74
$48.65
-15.99%
New holding
312,444
312,444
TDW
Tidewater Inc2022-12-31Reduce
-1.23%
●
22.88 ($30.42) 36.85
$40.50
33.14%
Reduce -13.68%
1,810,925
-286,932
ECPG
Encore Capital Group Inc2022-12-31New Buy
+1.00%
●
45.06 ($48.23) 50.98
$45.27
-6.14%
New holding
119,531
119,531
LEN.B
Lennar Corp2022-12-31Reduce
-0.77%
●
57.92 ($68.29) 77.74
$87.48
28.10%
Reduce -16.64%
328,008
-65,463
HA
Hawaiian Holdings Inc2022-12-31Reduce
-0.66%
●
9.67 ($13.36) 15.33
$7.75
-41.99%
Reduce -28.33%
645,702
-255,286
BAM
Brookfield Asset Management Ltd2022-12-31New Buy
+0.65%
●
27.11 ($30.09) 33.01
$31.02
3.09%
New holding
130,159
130,159
HCC
Warrior Met Coal Inc2022-12-31Reduce
-0.55%
●
29.84 ($35.37) 39.08
$34.54
-2.35%
Reduce -7.18%
1,274,614
-98,620
LOW
Lowe's Companies Inc2022-12-31Reduce
-0.50%
●
178.3 ($199.87) 215.48
$189.46
-5.21%
Reduce -17.96%
62,159
-13,607
BSIG
BrightSphere Investment Group Inc2022-12-31Sold Out
-0.40%
●
15.15 ($18.88) 20.82
$22.59
19.65%
Sold Out
0
-137,908
FPH
Five Point Holdings LLC2022-12-31Reduce
-0.37%
●
1.98 ($2.26) 2.71
$2.25
-0.44%
Reduce -13.51%
4,679,003
-730,748
SBSI
Southside Bancshares Inc2022-12-31Add
+0.33%
●
32.2 ($35.47) 38.15
$34.32
-3.24%
Add 33.3%
209,426
52,317
CALM
Cal-Maine Foods Inc2022-12-31Sold Out
-0.31%
●
52.97 ($57.83) 64.63
$54.46
-5.83%
Sold Out
0
-28,403
EME
EMCOR Group Inc2022-12-31Reduce
-0.30%
●
118.62 ($141.94) 155.4
$156.70
10.40%
Reduce -28.81%
32,597
-13,191
FIX
Comfort Systems USA Inc2022-12-31Reduce
-0.26%
●
100.76 ($116.29) 126.92
$137.89
18.57%
Reduce -31.83%
28,902
-13,498
RYN
Rayonier Inc2022-12-31Reduce
-0.25%
●
30.82 ($33.87) 36.17
$32.07
-5.31%
Reduce -8.51%
457,950
-42,570
VAL
Valaris Ltd2022-12-31Reduce
-0.23%
●
53.7 ($62.39) 69.1
$62.41
0.03%
Reduce -7.3%
299,935
-23,616
DHI
D.R. Horton Inc2022-12-31Reduce
-0.18%
●
67.14 ($80.15) 90.45
$96.93
20.94%
Reduce -6.12%
210,497
-13,715
MSGE
Madison Square Garden Entertainment Corp2022-12-31Reduce
-0.17%
●
40.31 ($45.3) 50.2
$53.92
19.03%
Reduce -23.64%
63,558
-19,679
WY
Weyerhaeuser Co2022-12-31Reduce
-0.17%
●
28.66 ($30.99) 33.09
$28.54
-7.91%
Reduce -5.74%
498,725
-30,348
FNF
Fidelity National Financial Inc2022-12-31Reduce
-0.15%
●
35.07 ($37.52) 40.88
$33.32
-11.19%
Reduce -10.79%
178,625
-21,598
IVT
InvenTrust Properties Corp2022-12-31Reduce
-0.14%
●
21.62 ($23.87) 26.11
$22.40
-6.16%
Reduce -4.46%
692,220
-32,282
PRA
ProAssurance Corp2022-12-31Add
+0.13%
●
16.99 ($19.71) 22.44
$17.81
-9.64%
Add 12.46%
379,043
42,008
PLD
Prologis Inc2022-12-31Reduce
-0.12%
●
98.9 ($110.78) 121.58
$117.03
5.64%
Reduce -3.49%
170,864
-6,177
BN
Brookfield Corp2022-12-31Reduce
-0.10%
●
30.75 ($33.83) 38.41
$29.97
-11.41%
Reduce -2.28%
520,642
-12,155
AMH
American Homes 4 Rent2022-12-31Reduce
-0.09%
●
29.76 ($31.71) 34.34
$29.84
-5.90%
Reduce -3.27%
413,163
-13,967
TPH
Tri Pointe Homes Inc2022-12-31Add
+0.07%
●
14.85 ($17.39) 19.34
$24.72
42.15%
Add 7.44%
330,178
22,873
STRS
Stratus Properties Inc2022-12-31Reduce
-0.07%
●
18.88 ($24.01) 29.56
$18.97
-20.99%
Reduce -20.79%
60,245
-15,813
WHLRD.PFD
Wheeler Real Estate Investment Trust Inc2022-12-31Sold Out
-0.06%
●
10.1 ($11.61) 13.19
$12.26
5.60%
Sold Out
0
-24,000
URTH
iShares MSCI World ETF2022-12-31New Buy
+0.05%
●
99.01 ($107.91) 114.97
$113.42
5.11%
New holding
2,631
2,631
FR
First Industrial Realty Trust Inc2022-12-31Reduce
-0.05%
●
43.82 ($47.7) 50.68
$50.62
6.12%
Reduce -3.49%
157,452
-5,700
LAZ
Lazard Ltd2022-12-31Reduce
-0.03%
●
31.28 ($35.56) 38.84
$32.73
-7.96%
Reduce -0.97%
456,286
-4,447
TPHS
Trinity Place Holdings Inc2022-12-31Reduce
-0.03%
●
0.45 ($0.73) 1.04
$0.56
-23.29%
Reduce -3.49%
5,127,785
-185,237
FRPH
FRP Holdings Inc2022-12-31Reduce
-0.02%
●
53.5 ($57.05) 61.81
$56.90
-0.26%
Reduce -1.74%
126,671
-2,244
CMA
Comerica Inc2022-12-31Reduce
0%
●
63.52 ($69.27) 76.44
$40.40
-41.68%
Reduce -0.04%
303,446
-113
CBRE
CBRE Group Inc2022-12-31Reduce
0%
●
67.54 ($73.85) 79.86
$68.86
-6.76%
Reduce -0.03%
180,742
-57
ORI
Old Republic International Corp2022-12-31Reduce
0%
●
21.4 ($23.45) 24.5
$24.01
2.39%
Reduce -0.05%
837,681
-382
FPH
Five Point Holdings LLC2022-09-30Reduce
-1.55%
●
2.53 ($3.66) 4.5
$2.25
-38.52%
Reduce -29.13%
5,409,751
-2,223,623
VC
Visteon Corp2022-09-30Sold Out
-0.59%
●
99.38 ($119.27) 131.4
$153.84
28.98%
Sold Out
0
-31,848
LAZ
Lazard Ltd2022-09-30Add
+0.38%
●
31.83 ($35.96) 39.66
$32.73
-8.98%
Add 15.19%
460,733
60,754
CMA
Comerica Inc2022-09-30Reduce
-0.36%
●
71.1 ($78.79) 86.59
$40.40
-48.72%
Reduce -8.35%
303,559
-27,651
CALM
Cal-Maine Foods Inc2022-09-30Reduce
-0.33%
●
48.7 ($54.66) 60.87
$54.46
-0.37%
Reduce -56.99%
28,403
-37,641
HA
Hawaiian Holdings Inc2022-09-30Add
+0.31%
●
13.14 ($15.26) 17.21
$7.75
-49.21%
Add 15.1%
900,988
118,196
BN
Brookfield Asset Management Inc2022-09-30Reduce
-0.28%
●
40.72 ($48.04) 53.72
$29.97
-37.61%
Reduce -6.13%
532,797
-34,815
LOW
Lowe's Companies Inc2022-09-30Reduce
-0.28%
●
177.36 ($194.76) 216.47
$189.46
-2.72%
Reduce -10.52%
75,766
-8,904
STRS
Stratus Properties Inc2022-09-30Reduce
-0.26%
●
23.28 ($31.55) 36.3
$18.97
-39.87%
Reduce -37.37%
76,058
-45,383
FRPH
FRP Holdings Inc2022-09-30Reduce
-0.25%
●
53.24 ($58.28) 62.57
$56.90
-2.37%
Reduce -15.43%
128,915
-23,520
RYN
Rayonier Inc2022-09-30Reduce
-0.21%
●
29.78 ($35.59) 38.27
$32.07
-9.89%
Reduce -5.92%
500,520
-31,503
TPH
Tri Pointe Homes Inc2022-09-30Add
+0.18%
●
15.07 ($17.65) 19.51
$24.72
40.06%
Add 25.11%
307,305
61,669
KALU
Kaiser Aluminum Corp2022-09-30Add
+0.15%
●
61.35 ($73.49) 83.86
$70.35
-4.27%
Add 23.3%
64,315
12,155
PRA
ProAssurance Corp2022-09-30Add
+0.15%
●
18.67 ($21.96) 24.15
$17.81
-18.90%
Add 13.47%
337,035
39,997
NXRT
NexPoint Residential Trust Inc2022-09-30Sold Out
-0.14%
●
44.83 ($57.63) 66.54
$40.69
-29.39%
Sold Out
0
-13,000
HCC
Warrior Met Coal Inc2022-09-30Reduce
-0.11%
●
27 ($30.76) 35.08
$34.54
12.29%
Reduce -1.51%
1,373,234
-21,046
LEN.B
Lennar Corp2022-09-30Reduce
-0.08%
●
58.1 ($63.98) 70.07
$87.48
36.73%
Reduce -1.98%
393,471
-7,941
PLD
Prologis Inc2022-09-30Reduce
-0.08%
●
101.19 ($124.02) 138.38
$117.03
-5.64%
Reduce -2.17%
177,041
-3,933
UHAL
Amerco Inc2022-09-30Reduce
-0.07%
●
46.59 ($52.39) 59.07
$54.17
3.40%
Reduce -2.17%
370,950
-823
GRBK
Green Brick Partners Inc2022-09-30Reduce
-0.07%
●
20.59 ($24.65) 30.64
$34.34
39.31%
Reduce -80.77%
5,000
-21,000
WY
Weyerhaeuser Co2022-09-30Reduce
-0.07%
●
27.75 ($34.04) 37.09
$28.54
-16.16%
Reduce -2.17%
529,073
-11,742
HBB
Hamilton Beach Brands Holding Co2022-09-30Reduce
-0.07%
●
10.86 ($11.92) 13.15
$9.89
-17.03%
Reduce -5.3%
570,298
-31,916
DHI
D.R. Horton Inc2022-09-30Reduce
-0.06%
●
67.35 ($73.57) 79.72
$96.93
31.75%
Reduce -2.17%
224,212
-4,978
AMH
American Homes 4 Rent2022-09-30Reduce
-0.06%
●
32.52 ($36.12) 38.74
$29.84
-17.39%
Reduce -2.17%
427,130
-9,486
CBRE
CBRE Group Inc2022-09-30Reduce
-0.05%
●
67.51 ($79.27) 87.68
$68.86
-13.13%
Reduce -2.17%
180,799
-4,013
IVT
InvenTrust Properties Corp2022-09-30Reduce
-0.04%
●
21.33 ($26.56) 29.94
$22.40
-15.66%
Reduce -1.25%
724,502
-9,199
FR
First Industrial Realty Trust Inc2022-09-30Reduce
-0.03%
●
44.14 ($50.6) 55.62
$50.62
0.04%
Reduce -2.18%
163,152
-3,629
FNF
Fidelity National Financial Inc2022-09-30Reduce
-0.03%
●
34.76 ($38.84) 42.04
$33.32
-14.21%
Reduce -2.18%
200,223
-4,453
MSGE
Madison Square Garden Entertainment Corp2022-09-30Reduce
-0.03%
●
44.09 ($56.12) 64.91
$53.92
-3.92%
Reduce -4.17%
83,237
-3,622
TDW
Tidewater Inc2022-09-30Reduce
-0.03%
●
18.03 ($21.32) 25.68
$40.50
89.96%
Reduce -0.38%
2,097,857
-8,073
TPHS
Trinity Place Holdings Inc2022-09-30Reduce
-0.02%
●
0.73 ($1.01) 1.19
$0.56
-44.55%
Reduce -1.92%
5,313,022
-104,009
ORI
Old Republic International Corp2022-09-30Reduce
-0.02%
●
20.42 ($22.51) 24.61
$24.01
6.66%
Reduce -0.47%
838,063
-3,961
WHLRP.PFD
Wheeler Real Estate Investment Trust Inc2022-09-30Sold Out
-0.01%
●
2.25 ($4.23) 5.42
$1.48
-65.01%
Sold Out
0
-17,614
VAL
Valaris Ltd2022-09-30Reduce
0%
●
38.51 ($47.94) 58.43
$62.41
30.18%
Reduce -0.18%
323,551
-597
DHI
D.R. Horton Inc2022-06-30Add
+2.66%
●
60.56 ($70.35) 76.66
$96.93
37.78%
Add 7469.02%
229,190
226,162
PLD
Prologis Inc2022-06-30Reduce
-1.35%
●
108.43 ($138.62) 173.01
$117.03
-15.57%
Reduce -25.29%
180,974
-61,251
RYN
Rayonier Inc2022-06-30Reduce
-1.29%
●
36.15 ($40.41) 45.44
$32.07
-20.64%
Reduce -30.21%
532,023
-230,347
HA
Hawaiian Holdings Inc2022-06-30Reduce
-1.18%
●
12.9 ($16.75) 20.79
$7.75
-53.73%
Reduce -35.88%
782,792
-438,109
WY
Weyerhaeuser Co2022-06-30Reduce
-1.17%
●
32.77 ($38.12) 42.22
$28.54
-25.13%
Reduce -29.45%
540,815
-225,804
JBGS
JBG SMITH Properties2022-06-30Sold Out
-0.95%
●
23.05 ($25.92) 29.55
$14.10
-45.60%
Sold Out
0
-239,262
FPH
Five Point Holdings LLC2022-06-30Reduce
-0.93%
●
3.85 ($5.18) 6.24
$2.25
-56.56%
Reduce -12.76%
7,633,374
-1,116,539
BN
Brookfield Asset Management Inc2022-06-30Reduce
-0.88%
●
43.18 ($49.69) 58.62
$29.97
-39.69%
Reduce -16.75%
567,612
-114,179
LEN.B
Lennar Corp2022-06-30Reduce
-0.68%
●
53.79 ($64.01) 70.55
$87.48
36.67%
Reduce -15.4%
401,412
-73,079
CCF
Chase Corp2022-06-30New Buy
+0.56%
●
74.36 ($81.99) 89.22
$100.94
23.11%
New holding
40,292
40,292
UHAL
Amerco Inc2022-06-30Reduce
-0.47%
●
45.17 ($51.83) 59.69
$54.17
4.51%
Reduce -13.19%
379,180
-5,760
IVT
InvenTrust Properties Corp2022-06-30Reduce
-0.46%
●
25.61 ($29.28) 32.52
$22.40
-23.50%
Reduce -13.05%
733,701
-110,077
LOW
Lowe's Companies Inc2022-06-30Reduce
-0.46%
●
171.61 ($192.96) 208.74
$189.46
-1.81%
Reduce -16.5%
84,670
-16,736
CTT CatchMark Timber Trust Inc2022-06-30Sold Out
-0.45%
●
7.75 ($9.14) 12.06
$10.37
13.46%
Sold Out
0
-406,444
DORM
Dorman Products Inc2022-06-30Sold Out
-0.34%
●
92.25 ($98.96) 109.71
$82.50
-16.63%
Sold Out
0
-26,078
HCC
Warrior Met Coal Inc2022-06-30Add
+0.34%
●
30.61 ($34.67) 40.51
$34.54
-0.37%
Add 4.62%
1,394,280
61,569
AMH
American Homes 4 Rent2022-06-30Reduce
-0.34%
●
32.92 ($37.88) 43.35
$29.84
-21.22%
Reduce -12.4%
436,616
-61,828
TPHS
Trinity Place Holdings Inc2022-06-30Reduce
-0.28%
●
0.96 ($1.32) 1.9
$0.56
-57.58%
Reduce -16.85%
5,417,031
-1,097,405
FNF
Fidelity National Financial Inc2022-06-30Reduce
-0.28%
●
34.83 ($40.78) 48.84
$33.32
-18.29%
Reduce -17.11%
204,676
-42,239
CBRE
CBRE Group Inc2022-06-30Add
+0.27%
●
68.15 ($80.67) 92.25
$68.86
-14.64%
Add 12.79%
184,812
20,963
FR
First Industrial Realty Trust Inc2022-06-30Reduce
-0.26%
●
46.13 ($54.88) 65.32
$50.62
-7.76%
Reduce -15.83%
166,781
-31,360
ICFI
ICF International Inc2022-06-30Reduce
-0.25%
●
89.5 ($97.02) 103.34
$106.23
9.49%
Reduce -23.75%
63,802
-19,871
MSGE
Madison Square Garden Entertainment Corp2022-06-30Add
+0.18%
●
51.96 ($67.77) 83.31
$53.92
-20.44%
Add 27.65%
86,859
18,814
LAZ
Lazard Ltd2022-06-30Add
+0.17%
●
31.06 ($33.77) 36.47
$32.73
-3.08%
Add 7.93%
399,979
29,398
TPH
Tri Pointe Homes Inc2022-06-30Add
+0.15%
●
15.45 ($19.62) 22.18
$24.72
25.99%
Add 25.87%
245,636
50,481
STRS
Stratus Properties Inc2022-06-30Reduce
-0.13%
●
30.77 ($39.27) 45.67
$18.97
-51.69%
Reduce -14.98%
121,441
-21,394
PB
Prosperity Bancshares Inc2022-06-30Reduce
-0.06%
●
65.09 ($68.69) 73.44
$62.97
-8.33%
Reduce -5.52%
101,965
-5,963
SBSI
Southside Bancshares Inc2022-06-30Reduce
-0.04%
●
36.42 ($38.96) 41.02
$34.32
-11.91%
Reduce -4.33%
157,109
-7,111
100/Page
Total 277

Third Avenue Management News

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