Third Avenue Value Fund
Third Avenue Value Fund | TAVFX
Mutual Fund
Third Avenue Value Fund
Last update 2022-06-23 33 Stocks (3 new)
Value $606.00 Mil Turnover 9 %
Portfolio Report

Third Avenue Value Fund Profile

Legendary value investor Martin J. Whitman founded the Third Avenue Value Fund in 1990. 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 the fund's conservative estimate of NAV.

Third Avenue Value Fund Investing Philosophy

Third Aveneue Value Fund aims to build a differentiated portfolio of contrarian and special-situation opportunities by investing opportunistically across a global universe of sectors, geographies and security types. The fund seeks long-term capital appreciaiton by investing in companies with strong financial positions, and valuations supported by tangible assets and market prices substantially below the fund's estimate of intrinsic business value.

Third Avenue Value Fund Portfolio and Latest Trades

Type:
Ticker Company Date Action Impact % Price Range Price Price Change from Avrg% Comment Current Shares Share Change
XSGO:VAPORES
Compania Sud Americana de Vapores SA2022-04-30New Buy
+2.71%
69.5 (CLP80.47) 96.4
CLP100.79
25.25%
New holding
145,183,105
145,183,105
BSP:UGPA3
Ultrapar Participacoes SA2022-04-30New Buy
+1.85%
12.2 (R$14.2) 15.8
R$14.03
-1.20%
New holding
4,161,277
4,161,277
HCC
Warrior Met Coal Inc2022-04-30Reduce
-1.47%
26.2 ($34.9) 42.75
$32.03
-8.21%
Reduce -20.98%
1,167,294
-309,886
TSE:5233
Taiheiyo Cement Corp2022-04-30New Buy
+1.23%
1874 (円2098) 2373
円1,968
-6.20%
New holding
459,200
459,200
LSE:BIRG
Bank of Ireland Group PLC2022-04-30Reduce
-1.22%
5.04 (€6.02) 6.92
€5.88
-2.39%
Reduce -13.41%
6,470,767
-1,002,535
HKSE:01113
CK Asset Holdings Ltd2022-04-30Reduce
-1.08%
48.2 (HK$52.35) 55.3
HK$54.80
4.68%
Reduce -42.68%
1,197,192
-891,377
XTER:DTG
Daimler Truck Holding AG2022-04-30Add
+0.72%
22.04 (€26.75) 33.23
€27.93
4.43%
Add 154.46%
268,190
162,795
XTER:DBK
Deutsche Bank AG2022-04-30Add
+0.70%
8.9 (€11.63) 14.46
€8.83
-24.08%
Add 19.61%
2,567,417
421,007
TSX:CS
Capstone Copper Corp2022-04-30Reduce
-0.48%
5.41 (C$6.56) 7.58
C$3.33
-49.24%
Reduce -8.17%
7,009,022
-623,274
XTER:BMW
Bayerische Motoren Werke AG2022-04-30Add
+0.38%
70.52 (€82.17) 95.97
€77.99
-5.09%
Add 10.18%
303,653
28,061
MIL:BZU
Buzzi Unicem SpA2022-04-30Add
+0.33%
15.55 (€17.72) 20.24
€18
1.61%
Add 13.73%
899,746
108,638
XKRX:081660
Fila Holdings2022-04-30Add
+0.31%
29150 (₩32613.8) 35500
₩30,300
-7.09%
Add 23.53%
383,100
72,975
HA
Hawaiian Holdings Inc2022-04-30Add
+0.24%
14.91 ($18.53) 20.79
$16.51
-10.90%
Add 8.87%
1,062,751
86,558
SGX:G13
Genting Singapore Ltd2022-04-30Add
+0.23%
0.74 (S$0.79) 0.83
S$0.83
5.70%
Add 19.3%
14,999,700
2,426,400
OSL:SUBC
Subsea 7 SA2022-04-30Add
+0.18%
59.54 (kr74.24) 85
kr85.68
15.41%
Add 5.43%
2,609,938
134,317
SGX:C07
Jardine Cycle & Carriage Ltd2022-04-30Add
+0.17%
20.29 (S$23.7) 29.1
S$31.42
32.57%
Add 5.59%
955,700
50,600
XTER:MBG
Mercedes-Benz Group AG2022-04-30Add
+0.12%
57 (€65.95) 76.06
€60.52
-8.23%
Add 4.9%
221,119
10,328
XPAR:AM
Dassault Aviation SA2022-04-30Reduce
-0.09%
104.7 (€133.52) 160.2
€144.30
8.07%
Reduce -2.76%
152,900
-4,340
HCTPF
Hutchison Port Holdings Trust2022-04-30Add
+0.05%
0.22 ($0.25) 0.28
$0.23
-10%
Add 3.1%
45,401,227
1,363,100
TSX:IFP
Interfor Corp2022-01-31Reduce
-2.48%
28.2 (C$35.24) 43.9
C$33.30
-5.51%
Reduce -42.38%
842,646
-619,809
MHK
Mohawk Industries Inc2022-01-31Sold Out
-1.86%
150.85 ($173.01) 188.25
$125.85
-27.26%
Sold Out
0
-60,057
ORI
Old Republic International Corp2022-01-31Reduce
-1.11%
23.24 ($25.04) 26.34
$23.30
-6.97%
Reduce -25.55%
716,482
-245,924
LSE:BIRG
Bank of Ireland Group PLC2022-01-31Reduce
-0.81%
4.74 (€5.22) 5.95
€5.88
12.57%
Reduce -9.42%
7,473,302
-777,283
XTER:DTG
Daimler Truck Holding AG2022-01-31New Buy
+0.67%
30.5 (€32.6) 35.44
€27.93
-14.31%
New holding
105,395
105,395
CMA
Comerica Inc2022-01-31Reduce
-0.56%
80.65 ($89.14) 101.24
$84.16
-5.59%
Reduce -11.7%
286,178
-37,917
XKRX:081660
Fila Holdings2022-01-31Add
+0.40%
28150 (₩35052.3) 38550
₩30,300
-13.56%
Add 41.1%
310,125
90,334
HA
Hawaiian Holdings Inc2022-01-31Add
+0.34%
16.01 ($19.58) 23.95
$16.51
-15.68%
Add 12.8%
976,193
110,799
TSX:CS
Capstone Copper Corp2022-01-31Reduce
-0.31%
4.87 (C$5.65) 6.59
C$3.33
-41.06%
Reduce -5.32%
7,632,296
-428,788
HCC
Warrior Met Coal Inc2022-01-31Reduce
-0.13%
20.71 ($24.2) 28.8
$32.03
32.38%
Reduce -2.12%
1,477,180
-32,024
VAL
Valaris Ltd2021-10-31New Buy
+1.72%
24.08 ($31.38) 38.35
$50.13
59.75%
New holding
280,150
280,150
OSL:SUBC
Subsea 7 SA2021-10-31Add
+1.26%
61.44 (kr69.91) 80.7
kr85.68
22.56%
Add 48.46%
2,475,621
808,130
XKRX:081660
Fila Holdings2021-10-31New Buy
+1.22%
36650 (₩45081.4) 56700
₩30,300
-32.79%
New holding
219,791
219,791
MHK
Mohawk Industries Inc2021-10-31Reduce
-0.95%
177.21 ($191.39) 209.8
$125.85
-34.24%
Reduce -30.82%
60,057
-26,753
OSL:PGS
PGS ASA2021-10-31Sold Out
-0.86%
3.44 (kr4.29) 5.5
kr6.56
52.91%
Sold Out
0
-9,590,299
TDW
Tidewater Inc2021-10-31Reduce
-0.63%
10.29 ($11.7) 13.32
$20.35
73.93%
Reduce -17.34%
1,452,448
-304,642
MAC
Macerich Co2021-10-31Sold Out
-0.44%
15.36 ($17.19) 18.71
$11.13
-35.25%
Sold Out
0
-149,089
OCSE:DRLCO
The Drilling Company of 1972 A/S2021-10-31Reduce
-0.35%
200.2 (kr238.5) 255
kr343.80
44.15%
Reduce -24.3%
153,983
-49,438
XTER:BMW
Bayerische Motoren Werke AG2021-10-31Add
+0.31%
76.8 (€82.25) 88.55
€77.99
-5.18%
Add 6.74%
275,592
17,395
EXP
Eagle Materials Inc2021-07-31Sold Out
-2.71%
131.08 ($143.04) 152.59
$133.06
-6.98%
Sold Out
0
-116,074
HCTPF
Hutchison Port Holdings Trust2021-07-31New Buy
+1.88%
0.22 ($0.23) 0.25
$0.23
-2.17%
New holding
44,038,127
44,038,127
SGX:NS8U
Hutchison Port Holdings Trust2021-07-31Sold Out
-1.86%
0.22 ($0.23) 0.24
$0.23
0%
Sold Out
0
-44,038,127
HCC
Warrior Met Coal Inc2021-07-31Add
+1.03%
15.79 ($17.49) 19.58
$32.03
83.16%
Add 25.06%
1,509,204
302,468
TSX:CS
Capstone Copper Corp2021-07-31Reduce
-0.62%
4.38 (C$5.4) 6.59
C$3.33
-38.33%
Reduce -9.19%
8,061,084
-815,716
OSL:PGS
PGS ASA2021-07-31Add
+0.48%
3.89 (kr5.09) 5.91
kr6.56
28.88%
Add 126.14%
9,590,299
5,349,464
SGX:G13
Genting Singapore Ltd2021-07-31Add
+0.37%
0.79 (S$0.84) 0.89
S$0.83
-0.60%
Add 37.38%
12,573,300
3,421,300
XPAR:AM
Dassault Aviation SA2021-07-31Add
+0.24%
910.5 (€993.26) 1042
€144.30
-85.47%
Add 7.71%
157,240
1,126
XAMS:BOKA
Koninklijke Boskalis Westminster NV2021-07-31Add
+0.23%
25.14 (€27.52) 29.26
€32.44
17.88%
Add 6.44%
648,285
39,215
OSL:SUBC
Subsea 7 SA2021-07-31Add
+0.23%
70.9 (kr83.21) 89.94
kr85.68
2.97%
Add 10.43%
1,667,491
157,538
MIL:BZU
Buzzi Unicem SpA2021-07-31Add
+0.21%
20.9 (€22.73) 23.94
€18
-20.79%
Add 5.78%
791,108
43,221
HA
Hawaiian Holdings Inc2021-07-31Reduce
-0.11%
18.43 ($24.41) 29.92
$16.51
-32.36%
Reduce -2.93%
865,394
-26,086
TSX:CS
Capstone Copper Corp2021-04-30Reduce
-3.13%
2.81 (C$3.97) 5.53
C$3.33
-16.12%
Reduce -46.18%
8,876,800
-7,617,455
TSX:LUN
Lundin Mining Corp2021-04-30Reduce
-1.95%
11.55 (C$14.05) 15.87
C$7.01
-50.11%
Reduce -29.87%
2,591,497
-1,103,647
TSX:IFP
Interfor Corp2021-04-30Reduce
-1.66%
24.03 (C$28.86) 34.53
C$33.30
15.38%
Reduce -23.51%
1,462,455
-449,520
WY
Weyerhaeuser Co2021-04-30Sold Out
-1.55%
32.04 ($35.76) 39.77
$36.45
1.93%
Sold Out
0
-251,680
SGX:G13
Genting Singapore Ltd2021-04-30New Buy
+1%
0.84 (S$0.89) 0.94
S$0.83
-6.18%
New holding
9,152,000
9,152,000
LSE:BIRG
Bank of Ireland Group PLC2021-04-30Reduce
-0.94%
3.13 (€3.91) 4.82
€5.88
50.28%
Reduce -13.43%
8,250,585
-1,279,638
MHK
Mohawk Industries Inc2021-04-30Reduce
-0.81%
145.32 ($184.6) 212.98
$125.85
-31.83%
Reduce -24.82%
86,810
-28,654
SGX:C07
Jardine Cycle & Carriage Ltd2021-04-30Add
+0.60%
21.04 (S$22.48) 23.6
S$31.42
39.77%
Add 29.21%
905,100
204,600
EXP
Eagle Materials Inc2021-04-30Reduce
-0.49%
115.78 ($130.5) 143.75
$133.06
1.96%
Reduce -16.39%
116,074
-22,749
KFY
Korn Ferry2021-04-30Sold Out
-0.40%
48.09 ($61.3) 68.5
$64.65
5.46%
Sold Out
0
-44,459
HCC
Warrior Met Coal Inc2021-04-30Add
+0.38%
15.85 ($19.34) 25.63
$32.03
65.64%
Add 13.19%
1,206,736
140,634
XPAR:AM
Dassault Aviation SA2021-04-30Add
+0.35%
866 (€930.74) 979.5
€144.30
-84.50%
Add 15.17%
145,980
1,923
HKSE:00001
CK Hutchison Holdings Ltd2021-04-30Add
+0.31%
52.5 (HK$60.23) 64.9
HK$52.60
-12.67%
Add 6.97%
3,427,082
223,178
LAZ
Lazard Ltd2021-01-31New Buy
+2.58%
35.2 ($40.44) 46.81
$39.09
-3.34%
New holding
316,443
316,443
SGX:C07
Jardine Cycle & Carriage Ltd2021-01-31New Buy
+2.24%
17.85 (S$20.53) 23.3
S$31.42
53.04%
New holding
700,500
700,500
KFY
Korn Ferry2021-01-31Reduce
-2.12%
30.68 ($42.06) 49.21
$64.65
53.71%
Reduce -86.31%
44,459
-280,327
VNO
Vornado Realty Trust2021-01-31Sold Out
-1.99%
30.37 ($37.85) 41.84
$30.47
-19.50%
Sold Out
0
-258,031
LEN.B
Lennar Corp2021-01-31Sold Out
-1.81%
56.85 ($61.88) 69.63
$68.82
11.22%
Sold Out
0
-127,126
TSX:LUN
Lundin Mining Corp2021-01-31Reduce
-1.67%
8.17 (C$10.36) 12.35
C$7.01
-32.34%
Reduce -23.01%
3,695,144
-1,104,545
TSE:3382
Seven & i Holdings Co Ltd2021-01-31Add
+1.39%
3143 (円3602.33) 4076
円5,351
48.54%
Add 141.37%
314,500
184,200
WY
Weyerhaeuser Co2021-01-31Reduce
-1.25%
27.75 ($31.31) 34.46
$36.45
16.42%
Reduce -41.98%
251,680
-182,095
TSX:IFP
Interfor Corp2021-01-31Reduce
-1.01%
15.54 (C$21.32) 24.73
C$33.30
56.19%
Reduce -15.74%
1,911,975
-357,134
FDX
FedEx Corp2021-01-31Sold Out
-1%
235.34 ($270.32) 301.45
$228.76
-15.37%
Sold Out
0
-15,441
EXP
Eagle Materials Inc2021-01-31Reduce
-0.79%
87.08 ($99.88) 115.51
$133.06
33.21%
Reduce -21.06%
138,823
-37,047
MHK
Mohawk Industries Inc2021-01-31Reduce
-0.62%
114.69 ($135.31) 151.97
$125.85
-6.99%
Reduce -17.28%
115,464
-24,112
HKSE:00001
CK Hutchison Holdings Ltd2021-01-31Add
+0.45%
47.3 (HK$55.27) 58.2
HK$52.60
-4.83%
Add 11.48%
3,203,904
329,865
CMA
Comerica Inc2021-01-31Add
+0.37%
43.64 ($54.87) 65.88
$84.16
53.38%
Add 11.18%
324,095
32,603
MAC
Macerich Co2021-01-31Reduce
-0.36%
6.92 ($11.34) 22.38
$11.13
-1.85%
Reduce -58.16%
149,089
-207,260
HCC
Warrior Met Coal Inc2021-01-31Reduce
-0.36%
15.56 ($19.95) 23.85
$32.03
60.58%
Reduce -8.17%
1,066,102
-94,813
XTER:BMW
Bayerische Motoren Werke AG2021-01-31Reduce
-0.31%
59.68 (€71.37) 76.68
€77.99
9.28%
Reduce -6.45%
258,197
-17,798
TSX:CS
Capstone Copper Corp2021-01-31Reduce
-0.25%
1.7 (C$2.23) 2.94
C$3.33
49.33%
Reduce -4.59%
16,494,255
-794,312
XTER:MBG
Mercedes-Benz Group AG2021-01-31Reduce
-0.23%
45.82 (€56.11) 59.07
€60.52
7.86%
Reduce -7.72%
210,791
-17,625
XTER:DBK
Deutsche Bank AG2021-01-31Reduce
-0.22%
8.3 (€9.11) 10
€8.83
-3.08%
Reduce -4.31%
2,146,410
-96,621
MIL:BZU
Buzzi Unicem SpA2021-01-31Reduce
-0.21%
19 (€20.34) 22.19
€18
-11.48%
Reduce -4.94%
747,887
-38,851
FPH
Five Point Holdings LLC2021-01-31Add
+0.16%
4.28 ($5.52) 6.7
$3.96
-28.26%
Add 5.44%
2,515,294
129,747
XPAR:AM
Dassault Aviation SA2021-01-31Add
+0.13%
723 (€884.19) 946
€144.30
-83.68%
Add 5.09%
126,750
614
LSE:BIRG
Bank of Ireland Group PLC2021-01-31Reduce
-0.02%
2.1 (€3) 3.65
€5.88
95.87%
Reduce -0.32%
9,530,223
-30,215
XPAR:AM
Dassault Aviation SA2020-10-31New Buy
+2.53%
701 (€759.16) 818.5
€144.30
-80.99%
New holding
120,610
12,061
KFY
Korn Ferry2020-10-31New Buy
+2.46%
28.43 ($30.33) 32.36
$64.65
113.16%
New holding
324,786
324,786
FDX
FedEx Corp2020-10-31Reduce
-2.28%
169.22 ($237.25) 287.4
$228.76
-3.58%
Reduce -77.29%
15,441
-52,552
TSX:IFP
Interfor Corp2020-10-31Reduce
-1.07%
14.6 (C$16.19) 18.58
C$33.30
105.68%
Reduce -13.59%
2,269,109
-356,751
EXP
Eagle Materials Inc2020-10-31Reduce
-1.01%
78.85 ($85.69) 93.83
$133.06
55.27%
Reduce -21.67%
175,870
-48,645
TSE:3382
Seven & i Holdings Co Ltd2020-10-31New Buy
+0.99%
3052 (円3384.48) 3568
円5,351
58.10%
New holding
130,300
130,300
LEN.B
Lennar Corp2020-10-31Reduce
-0.89%
54.41 ($61.66) 68.72
$68.82
11.61%
Reduce -33.44%
127,126
-63,873
XTER:MBG
Mercedes-Benz Group AG2020-10-31Reduce
-0.67%
39.06 (€44.88) 49.4
€60.52
34.85%
Reduce -20.71%
228,416
-59,652
HCC
Warrior Met Coal Inc2020-10-31Reduce
-0.63%
14.25 ($16.28) 20.8
$32.03
96.78%
Reduce -11.64%
1,160,915
-152,888
XAMS:BOKA
Koninklijke Boskalis Westminster NV2020-10-31Reduce
-0.41%
16.4 (€17.81) 20.44
€32.44
82.14%
Reduce -12.1%
609,070
-83,811
MIL:BZU
Buzzi Unicem SpA2020-10-31Reduce
-0.35%
17.97 (€20.38) 21.58
€18
-11.65%
Reduce -7.09%
786,738
-60,067
ORI
Old Republic International Corp2020-10-31Add
+0.34%
14.09 ($15.8) 17.2
$23.30
47.44%
Add 9.61%
962,406
84,354
TSX:LUN
Lundin Mining Corp2020-10-31Reduce
-0.32%
7.06 (C$7.91) 8.48
C$7.01
-11.38%
Reduce -4.37%
4,799,689
-219,477

Third Avenue Value Fund News

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