Third Avenue Management

Third Avenue Management

Third Avenue Management
Last update 2020-02-13 57 Stocks (2 new)
Value $1.01 Bil Turnover 3 %
Guru Portfolio Report Download

Third Avenue Management Profile

Founded by legendary value investor Martin Whitman, Third Avenue Management manages mutual funds, separate accounts and hedge funds. The mutual funds include, Third Avenue Value Fund, managed by Martin Whitman, Third Avenue Small-Cap Value Fund, managed by Curtis Jensen, Third Avenue Real Estate Value Fund, managed by Michael Winer, and Third Avenue International Value Fund, managed by Amit Wadhwaney. All of these funds have achieved outstanding performances compared with peers.

We also have Martin Whitman in our List of Gurus. There are overlaps between the portfolio of Third Avenue Management and Martin Whitman's portfolio (Third Avenue Value Fund)

Third Avenue Management Investing Philosophy

Third Avenue Management, led by its founder and chairman, Martin Whitman, are balance sheet value investors. They think that the current balance sheet, rather than its projected future revenues and earnings, is the best measure of a company's value. They seek to invest in safe companies that are cheaply priced.
EMBED
EMBED

Performance of Third Avenue Value Fund

Year Return % S&P500 % Excess Gain %
2019 12.85 30.58 -17.7
2018 -20.84 -4.57 -16.3
2017 14.16 21.7 -7.5
3-Year Cumulative (2017-2019) 1.98 (0.66/Year) 51.65 (14.89/Year) -49.67 (-14.23/Year)
2016 13.39 12 1.4
2015 -8.37 1.24 -9.6
5-Year Cumulative (2015-2019) 5.96 (1.16/Year) 71.96 (11.45/Year) -66.00 (-10.29/Year)
2014 4.88 13.46 -8.6
2013 18.84 32.31 -13.5
2012 27.48 15.99 11.5
2011 -20.86 1.9 -22.8
2010 13.87 15.05 -1.2
10-Year Cumulative (2010-2019) 51.72 (4.26/Year) 251.03 (13.38/Year) -199.31 (-9.12/Year)
2009 44.51 26.35 18.2
2008 -45.61 -36.79 -8.8
2007 5.76 5.15 0.6
2006 14.69 15.84 -1.2
2005 16.49 4.83 11.7
15-Year Cumulative (2005-2019) 68.50 (3.54/Year) 257.98 (8.87/Year) -189.48 (-5.31/Year)
2004 26.62 10.7 15.9
2003 10.46 28.18 -17.7
2002 7.13 -21.58 28.7
2001 10.82 -11.76 22.6
2000 0.91 -9.75 10.7
20-Year Cumulative (2000-2019) 182.33 (5.33/Year) 217.22 (5.94/Year) -34.87 (-0.61/Year)
1999 10.06 20.38 -10.3
1998 16.72 28.69 -12
1997 -5.03 33.49 -38.5
1996 11.02 22.5 -11.5
1995 2.36 38.06 -35.7
25-Year Cumulative (1995-2019) 291.43 (5.61/Year) 1009.46 (10.10/Year) -718.03 (-4.47/Year)
1994 -3.22 0.38 -3.6
1993 1.36 10.08 -8.7
1992 10.88 7.62 3.3
1991 -0.26 30.47 -30.7

Commentaries and Stories

  • 1

Top Ranked Articles

  • 1