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Third Avenue Management

Third Avenue Management
13F

Third Avenue Management
Last update 2022-05-13 58 Stocks (1 new)
Value $734.00 Mil Turnover 3 %
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 Latest Trades

Ticker Company Date Action Impact % Price Range Price Price Change from Avrg% Comment Current Shares
HCC
Warrior Met Coal Inc2022-03-31Reduce
-1.80%
25.17 ($31.88) 42.75
$29.70
-6.84%
Reduce -28.55%
1,332,711
IVT
InvenTrust Properties Corp2022-03-31Add
+1.43%
24.75 ($27.16) 31.06
$25.99
-4.31%
Add 67.43%
843,778
ESS
Essex Property Trust Inc2022-03-31Sold Out
-1.38%
313.79 ($333.89) 356.74
$266.73
-20.11%
Sold Out
0
APTS
Preferred Apartment Communities Inc2022-03-31Sold Out
-1.08%
16.14 ($21.67) 25.8
$25
15.37%
Sold Out
0
HA
Hawaiian Holdings Inc2022-03-31Add
+0.64%
14.91 ($18.61) 20.79
$14.65
-21.28%
Add 24.19%
1,220,901
LOW
Lowe's Companies Inc2022-03-31Reduce
-0.47%
202.19 ($230.1) 259.81
$177.36
-22.92%
Reduce -11.99%
101,406
CMA
Comerica Inc2022-03-31Reduce
-0.46%
84.49 ($94.47) 101.24
$74.28
-21.37%
Reduce -10.86%
331,210
HBB
Hamilton Beach Brands Holding Co2022-03-31Add
+0.45%
10.71 ($13) 15.64
$11.79
-9.31%
Add 87.73%
610,367
JBGS
JBG SMITH Properties2022-03-31Reduce
-0.38%
25.99 ($28.17) 30.76
$24.23
-13.99%
Reduce -29.5%
239,262
CALM
Cal-Maine Foods Inc2022-03-31Reduce
-0.36%
37.7 ($43.49) 55.22
$50.15
15.31%
Reduce -52.7%
66,044
CTT
CatchMark Timber Trust Inc2022-03-31Add
+0.35%
7.66 ($8.2) 8.92
$10.22
24.63%
Add 359.06%
406,444
BAM
Brookfield Asset Management Inc2022-03-31Reduce
-0.24%
52.13 ($55.46) 60.52
$45.02
-18.82%
Reduce -4.32%
681,791
PLD
Prologis Inc2022-03-31Reduce
-0.21%
140.76 ($152.45) 164.9
$120.03
-21.27%
Reduce -3.72%
242,225
UHAL
Amerco Inc2022-03-31Add
+0.15%
556.91 ($616.93) 725.62
$479.93
-22.21%
Add 4.41%
43,678
BSIG
BrightSphere Investment Group Inc2022-03-31Add
+0.15%
20.52 ($23.79) 26
$18.12
-23.83%
Add 46.53%
137,908
FIX
Comfort Systems USA Inc2022-03-31Reduce
-0.13%
82.68 ($89.83) 99.27
$84.17
-6.30%
Reduce -19.07%
42,400
VAL
Valaris Ltd2022-03-31Add
+0.08%
37.96 ($43.2) 53.18
$42.85
-0.81%
Add 3.45%
320,736
TDW
Tidewater Inc2022-03-31Add
+0.06%
11.25 ($15.73) 22.81
$20.98
33.38%
Add 0.97%
2,105,930
LEN.B
Lennar Corp2022-03-31Reduce
-0.05%
68.35 ($77.97) 93.16
$62.10
-20.35%
Reduce -0.76%
474,491
DHI
D.R. Horton Inc2022-03-31New Buy
+0.03%
74.51 ($86.85) 105.72
$70.09
-19.30%
New holding
3,028
WY
Weyerhaeuser Co2022-03-31Reduce
-0.03%
37.28 ($39.66) 42.57
$33.98
-14.32%
Reduce -0.82%
766,619
WHLRD.PFD
Wheeler Real Estate Investment Trust Inc2022-03-31Add
+0.03%
12.91 ($13.92) 15.32
$13.26
-4.74%
Add 100%
24,000
AMH
American Homes 4 Rent2022-03-31Reduce
-0.02%
37.12 ($39.4) 43.35
$35.55
-9.77%
Reduce -0.82%
498,444
ORI
Old Republic International Corp2022-03-31Add
+0.02%
24.25 ($25.81) 26.91
$22.62
-12.36%
Add 0.83%
848,127
RYN
Rayonier Inc2022-03-31Reduce
-0.02%
35.28 ($39.14) 42.58
$37.80
-3.42%
Reduce -0.39%
762,370
FR
First Industrial Realty Trust Inc2022-03-31Reduce
-0.01%
56.31 ($59.88) 65.01
$48.49
-19.02%
Reduce -0.82%
198,141
FPH
Five Point Holdings LLC2022-03-31Add
+0.01%
5.43 ($6.13) 6.73
$3.98
-35.07%
Add 0.2%
8,749,913
FNF
Fidelity National Financial Inc2022-03-31Reduce
-0.01%
44.9 ($49.78) 55.87
$37.69
-24.29%
Reduce -0.83%
246,915
LAZ
Lazard Ltd2022-03-31Add
+0.01%
32.17 ($38.73) 46.39
$32.44
-16.24%
Add 0.47%
370,581
UMBF
UMB Financial Corp2022-03-31Reduce
-0.01%
95.24 ($102.21) 111.41
$87.13
-14.75%
Reduce -0.4%
128,952
WHLRP.PFD
Wheeler Real Estate Investment Trust Inc2022-03-31Add
+0.01%
6.22 ($6.86) 7.44
$4.99
-27.25%
Add 125%
27,000
CBRE
CBRE Group Inc2022-03-31Reduce
0%
84.85 ($97.56) 110.3
$75.69
-22.42%
Reduce -0.02%
163,849
IVT
InvenTrust Properties Corp2021-12-31New Buy
+1.81%
5.03 ($24.1) 27.97
$25.99
7.84%
New holding
503,945
MHK
Mohawk Industries Inc2021-12-31Sold Out
-1.59%
163.95 ($178.37) 199.06
$128.97
-27.70%
Sold Out
0
VNO
Vornado Realty Trust2021-12-31Sold Out
-1.09%
39.17 ($43.19) 46.6
$29.47
-31.77%
Sold Out
0
ORI
Old Republic International Corp2021-12-31Reduce
-0.84%
23.24 ($24.86) 26.34
$22.62
-9.01%
Reduce -24.24%
841,178
BAM
Brookfield Asset Management Inc2021-12-31Reduce
-0.84%
53.79 ($58.78) 61.85
$45.02
-23.41%
Reduce -14.01%
712,551
JBGS
JBG SMITH Properties2021-12-31Reduce
-0.75%
27.15 ($29.27) 30.69
$24.23
-17.22%
Reduce -35.7%
339,392
ATNI
ATN International Inc2021-12-31Sold Out
-0.59%
38 ($42.69) 47.37
$48.52
13.66%
Sold Out
0
APTS
Preferred Apartment Communities Inc2021-12-31Add
+0.47%
12.08 ($13.8) 18.06
$25
81.16%
Add 76.32%
454,411
HCC
Warrior Met Coal Inc2021-12-31Add
+0.46%
20.71 ($24.03) 28.05
$29.70
23.60%
Add 7.8%
1,865,239
TDW
Tidewater Inc2021-12-31Reduce
-0.42%
10.36 ($11.72) 13.32
$20.98
79.01%
Reduce -11.15%
2,085,705
SRG
Seritage Growth Properties2021-12-31Sold Out
-0.40%
12.45 ($14.63) 17
$5.40
-63.09%
Sold Out
0
MSGE
Madison Square Garden Entertainment Corp2021-12-31Add
+0.38%
62.86 ($70.2) 83.83
$53.12
-24.33%
Add 147.91%
68,045
BSIG
BrightSphere Investment Group Inc2021-12-31Reduce
-0.35%
24.85 ($28.16) 30.77
$18.12
-35.65%
Reduce -51.3%
94,116
RYN
Rayonier Inc2021-12-31Reduce
-0.28%
35.06 ($38.4) 40.8
$37.80
-1.56%
Reduce -7.17%
765,389
WY
Weyerhaeuser Co2021-12-31Reduce
-0.27%
35.71 ($38.03) 41.18
$33.98
-10.65%
Reduce -6.86%
772,935
UMBF
UMB Financial Corp2021-12-31Reduce
-0.22%
96.81 ($103.29) 108.36
$87.13
-15.65%
Reduce -11.41%
129,469
FPH
Five Point Holdings LLC2021-12-31Reduce
-0.17%
5.39 ($6.72) 7.95
$3.98
-40.77%
Reduce -1.86%
8,732,674
TPHS
Trinity Place Holdings Inc2021-12-31Add
+0.11%
1.78 ($1.95) 2.32
$1.02
-47.69%
Add 7.14%
6,514,436
TPH
Tri Pointe Homes Inc2021-12-31Reduce
-0.11%
21.92 ($25.25) 28.02
$17.67
-30.02%
Reduce -16.23%
195,155
CTT
CatchMark Timber Trust Inc2021-12-31New Buy
+0.10%
7.21 ($8.85) 12.36
$10.22
15.48%
New holding
88,539
HBB
Hamilton Beach Brands Holding Co2021-12-31Add
+0.08%
13.28 ($15.38) 19.41
$11.79
-23.34%
Add 15.11%
325,124
MNR Monmouth Real Estate Investment Corp2021-12-31Sold Out
-0.08%
18.85 ($20.23) 21.12
$20.98
3.71%
Sold Out
0
LEN.B
Lennar Corp2021-12-31Reduce
-0.07%
75.96 ($86.81) 95.62
$62.10
-28.46%
Reduce -1.35%
478,130
PLD
Prologis Inc2021-12-31Reduce
-0.06%
126.43 ($149.88) 168.36
$120.03
-19.92%
Reduce -1.49%
251,587
UHAL
Amerco Inc2021-12-31Reduce
-0.06%
651.33 ($721.02) 759.25
$479.93
-33.44%
Reduce -1.5%
41,833
LOW
Lowe's Companies Inc2021-12-31Reduce
-0.05%
204 ($238.68) 261.38
$177.36
-25.69%
Reduce -1.51%
115,216
CBRE
CBRE Group Inc2021-12-31Reduce
-0.04%
95.02 ($102.58) 108.58
$75.69
-26.21%
Reduce -1.91%
163,878
FNF
Fidelity National Financial Inc2021-12-31Reduce
-0.03%
45.79 ($49.86) 52.62
$37.69
-24.41%
Reduce -1.85%
248,971
HA
Hawaiian Holdings Inc2021-12-31Reduce
-0.03%
17.3 ($20.19) 23.95
$14.65
-27.44%
Reduce -1.11%
983,052
ESS
Essex Property Trust Inc2021-12-31Reduce
-0.02%
325.49 ($340.89) 357.25
$266.73
-21.75%
Reduce -1.5%
29,879
AMH
American Homes 4 Rent2021-12-31Reduce
-0.02%
38.2 ($40.62) 43.61
$35.55
-12.48%
Reduce -0.6%
502,586
FR
First Industrial Realty Trust Inc2021-12-31Reduce
-0.02%
53.23 ($60.4) 66.48
$48.49
-19.72%
Reduce -1.52%
199,779
WHLRD.PFD
Wheeler Real Estate Investment Trust Inc2021-12-31New Buy
+0.02%
12.75 ($15.57) 16.56
$13.26
-14.84%
New holding
12,000
STRS
Stratus Properties Inc2021-12-31Add
+0.01%
31 ($34.35) 36.96
$31.96
-6.96%
Add 1.22%
142,835
WHLR
Wheeler Real Estate Investment Trust Inc2021-12-31New Buy
+0.01%
1.79 ($2.35) 2.92
$2.57
9.36%
New holding
40,000
WHLRP.PFD
Wheeler Real Estate Investment Trust Inc2021-12-31New Buy
+0.01%
5.51 ($7.89) 10.41
$4.99
-36.75%
New holding
12,000
MYRG
MYR Group Inc2021-12-31Reduce
0%
100.72 ($108.81) 121.12
$86.25
-20.73%
Reduce -0.12%
101,187
EXP
Eagle Materials Inc2021-09-30Sold Out
-1.64%
131.08 ($143.72) 157.34
$112.29
-21.87%
Sold Out
0
VAL
Valaris Ltd2021-09-30New Buy
+1.46%
24.08 ($28.76) 34.9
$42.85
48.99%
New holding
310,047
LEN
Lennar Corp2021-09-30Sold Out
-1.16%
93.68 ($102.27) 108.84
$74.60
-27.06%
Sold Out
0
MHK
Mohawk Industries Inc2021-09-30Reduce
-0.75%
177.4 ($193.78) 209.8
$128.97
-33.45%
Reduce -30.8%
66,464
JBGS
JBG SMITH Properties2021-09-30Reduce
-0.72%
29.29 ($30.86) 33.78
$24.23
-21.48%
Reduce -24.67%
527,851
APTS
Preferred Apartment Communities Inc2021-09-30New Buy
+0.42%
9.78 ($11.31) 12.75
$25
121.04%
New holding
257,713
MAC
Macerich Co2021-09-30Sold Out
-0.40%
15.36 ($17) 18.7
$8.93
-47.47%
Sold Out
0
SRG
Seritage Growth Properties2021-09-30Reduce
-0.35%
14.25 ($15.79) 18.22
$5.40
-65.80%
Reduce -41.37%
202,271
TDW
Tidewater Inc2021-09-30Reduce
-0.31%
10.29 ($11.38) 12.83
$20.98
84.36%
Reduce -7.54%
2,347,512
MSGE
Madison Square Garden Entertainment Corp2021-09-30New Buy
+0.27%
61.55 ($75.17) 84.79
$53.12
-29.33%
New holding
27,448
HBB
Hamilton Beach Brands Holding Co2021-09-30Add
+0.12%
15.46 ($18) 22.34
$11.79
-34.50%
Add 24.3%
282,436
CALM
Cal-Maine Foods Inc2021-09-30Add
+0.11%
34.05 ($35.67) 37.85
$50.15
40.59%
Add 20.28%
139,635
CIO
City Office REIT Inc2021-09-30Sold Out
-0.08%
11.98 ($14.55) 18.15
$12.99
-10.72%
Sold Out
0
STRS
Stratus Properties Inc2021-09-30Add
+0.06%
25 ($29.38) 32.35
$31.96
8.78%
Add 10.63%
141,118
BAM
Brookfield Asset Management Inc2021-09-30Reduce
-0.04%
47.88 ($54.17) 57.38
$45.02
-16.89%
Reduce -0.75%
828,596
VNO
Vornado Realty Trust2021-09-30Reduce
-0.04%
40.27 ($43.12) 47.1
$29.47
-31.66%
Reduce -2.88%
193,011
UHAL
Amerco Inc2021-09-30Reduce
-0.03%
559.1 ($626.93) 673.74
$479.93
-23.45%
Reduce -0.83%
42,470
FPH
Five Point Holdings LLC2021-09-30Add
+0.03%
7.7 ($8.12) 8.73
$3.98
-50.99%
Add 0.32%
8,898,419
LOW
Lowe's Companies Inc2021-09-30Reduce
-0.03%
182.26 ($199.34) 210.63
$177.36
-11.03%
Reduce -0.96%
116,979
CBRE
CBRE Group Inc2021-09-30Add
+0.02%
80.54 ($92.9) 98.61
$75.69
-18.53%
Add 0.95%
167,076
LEN.B
Lennar Corp2021-09-30Add
+0.02%
77.59 ($83.86) 89.25
$62.10
-25.95%
Add 0.4%
484,684
HCC
Warrior Met Coal Inc2021-09-30Add
+0.02%
16.43 ($20.25) 26.45
$29.70
46.67%
Add 0.29%
1,730,328
WY
Weyerhaeuser Co2021-09-30Add
+0.01%
32.95 ($35.04) 37.26
$33.98
-3.03%
Add 0.25%
829,843
RYN
Rayonier Inc2021-09-30Add
+0.01%
35.2 ($36.94) 38.31
$37.80
2.33%
Add 0.2%
824,502
PLD
Prologis Inc2021-09-30Reduce
-0.01%
119.98 ($129.79) 138.99
$120.03
-7.52%
Reduce -0.18%
255,401
FNF
Fidelity National Financial Inc2021-09-30Add
0%
42.21 ($46.13) 49.06
$37.69
-18.30%
Add 0.25%
253,673
ESS
Essex Property Trust Inc2021-09-30Reduce
0%
303.93 ($323.43) 337
$266.73
-17.53%
Reduce -0.18%
30,334
FR
First Industrial Realty Trust Inc2021-09-30Reduce
0%
52.08 ($54.41) 56.69
$48.49
-10.88%
Reduce -0.18%
202,857
AMH
American Homes 4 Rent2021-09-30Reduce
0%
38.12 ($40.9) 42.6
$35.55
-13.08%
Reduce -0.18%
505,645
CTB
Cooper Tire & Rubber Co2021-06-30Sold Out
-1.87%
55.98 ($58.12) 60.2
$60.17
3.53%
Sold Out
0
HCC
Warrior Met Coal Inc2021-06-30Add
+0.77%
15.79 ($17.44) 19.58
$29.70
70.30%
Add 24.52%
1,725,285
100/Page
Total 4065