Third Avenue Value Fund

Third Avenue Value Fund

Third Avenue Value Fund
Last update 2020-03-30 27 Stocks (2 new)
Value $509.00 Mil Turnover 4 %
Guru Portfolio Report Download

Third Avenue Value Fund Profile

The Value strategy’s flexible mandate takes a global, all-cap equities approach and allows for opportunistic investments in credit securities across the capital structure. Opportunities are evaluated with sharp focus on financial strength, ability to compound NAV, and priced at a significant discount to our conservative estimate of NAV.

Third Avenue Value Fund Investing Philosophy

Third Avenue Value Fund strategy was launched in 1990 under the leadership of Martin J. Whitman. The high conviction strategy seeks to invest in undervalued securities across industries, regions and market capitalizations. The fundamental analysis seeks to identify stocks trading below their intrinsic value that compound asset values at double digit rates.
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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 14.15 21.7 -7.6
3-Year Cumulative (2017-2019) 1.97 (0.65/Year) 51.65 (14.89/Year) -49.68 (-14.24/Year)
2016 13.39 12 1.4
2015 -8.37 1.24 -9.6
5-Year Cumulative (2015-2019) 5.95 (1.16/Year) 71.96 (11.45/Year) -65.99 (-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 -20.68 1.9 -22.6
2010 13.87 15.05 -1.2
10-Year Cumulative (2010-2019) 52.05 (4.28/Year) 251.03 (13.38/Year) -198.98 (-9.10/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) 68.86 (3.55/Year) 257.98 (8.87/Year) -189.12 (-5.30/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) 182.95 (5.34/Year) 217.22 (5.94/Year) -34.27 (-0.60/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) 292.28 (5.62/Year) 1009.46 (10.10/Year) -717.18 (-4.46/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

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