Third Avenue Management LLC

In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 13, 2024), Third Avenue Management LLC reported 59 stock positions worth $583.0 million. Its top holding was Tidewater (TDW) at 8.3% of the portfolio, followed by Warrior Met Coal (HCC, 8.2%) and Deutsche Bank AG-Registered (DB, 6.8%). Compared with Q1 2024, it opened 2 new positions, sold out of 1, added to 17 and reduced 14. The biggest buy was Warrior Met Coal (HCC, shares +0%) and the biggest sale an exit from Hawaiian (HA).

Most Recent 13F
Q2 2026
Location
NEW YORK, NY
CIK
0001099281
Portfolio Value
$583.0M (Q2 2024)
SEC Filing
0001099281-24-000008 ↗ filed Aug 13, 2024

Holdings Value

0$200.0M$400.0M$600.0M$800.0M Q1 2024: $626.7M Q1 2024 Q2 2024: $583.0M $583.0M Q2 2024 Q3 2024: $611.6M Q3 2024 Q4 2024: $516.8M Q4 2024 Q1 2025: $498.7M Q1 2025 Q2 2025: $484.9M Q2 2025 Q3 2025: $532.7M Q3 2025 Q4 2025: $550.2M Q4 2025 Q1 2026: $616.0M Q1 2026 Q2 2026: $625.3M Q2 2026

Holdings 59 stocks · $583.0M
TDW Tidewater Inc. 8.33% 509,811 $48.5M Reduce -0.5%
HCC Warrior Met Coal Inc. 8.23% 764,402 $48.0M Add +0.1%
DB Deutsche Bank AG-Registered 6.80% 2,481,698 $39.7M Reduce -0.2%
VAL Valaris Ltd. 5.37% 420,158 $31.3M Add +0.1%
ORI Old Republic Intl Corp. 4.39% 827,848 $25.6M Add +0.1%
CMA Comerica Inc. 4.17% 476,412 $24.3M Add +0.1%
LEN.B Lennar Corp. Class B 3.87% 161,781 $22.6M Reduce -3.3%
LAZ Lazard Inc. 3.61% 550,809 $21.0M Add +0.1%
BN Brookfield Corp. 3.45% 484,530 $20.1M Reduce -0.0%
UHAL.B U-Haul Holding Co.-Non Voting 2.93% 284,509 $17.1M Reduce -3.4%
CBRE CBRE Group Inc. Class A 2.79% 182,801 $16.3M Add +0.3%
DHI D.R. Horton Inc. 2.56% 105,990 $14.9M Reduce -13.8%
PLD Prologis Inc. 2.48% 128,889 $14.5M Add +10.3%
SUI Sun Communities Inc. filed as SUN CMNTYS INC 2.23% 107,795 $13.0M Add +23.6%
UMBF Umb Financial Corp. 2.14% 149,284 $12.5M No change
AMH American Homes 4 Rent- A 2.04% 320,621 $11.9M Reduce -5.6%
JLL Jones Lang Lasalle Inc. 1.83% 51,990 $10.7M No change
WY Weyerhaeuser Co. 1.68% 344,740 $9.8M Reduce -7.0%
FPH Five Point Holdings LLC Class A 1.66% 3,310,930 $9.7M Add +0.2%
MYRG MYR Group Inc./Delaware 1.58% 67,757 $9.2M No change
RYN Rayonier Inc. 1.58% 315,753 $9.2M Reduce -7.0%
FR First Industrial Realty TR 1.28% 157,130 $7.5M Add +1.2%
SEB Seaboard Corp. 1.27% 2,334 $7.4M No change
FRPH FRP Holdings Inc. filed as FRP HLDGS INC 1.24% 253,055 $7.2M No change
ECPG Encore Capital Group Inc. 1.22% 170,678 $7.1M No change
ITIC Investors Title Co. 1.21% 39,197 $7.1M Add +0.1%
KALU Kaiser Aluminum Corp. 1.20% 79,623 $7.0M Reduce -28.1%
PRA Proassurance Corp. 1.18% 564,069 $6.9M Reduce -8.0%
BATRA Atlanta Braves Holdings in-A 1.17% 164,438 $6.8M No change
ICFI Icf International Inc. 1.13% 44,257 $6.6M Reduce -0.0%
LXU LSB Industries Inc. 1.11% 787,909 $6.4M No change
PB Prosperity Bancshares Inc. 1.07% 101,965 $6.2M No change
COLL Collegium Pharmaceutical Inc. 1.01% 182,281 $5.9M Add +68.6%
FNF Fidelity National Financial 1.01% 118,656 $5.9M Add +0.6%
TPH Tri Pointe Homes Inc. 1.00% 155,997 $5.8M No change
SBSI Southside Bancshares Inc. 0.99% 209,426 $5.8M No change
ALG Alamo Group Inc. 0.95% 31,880 $5.5M No change
WASH Washington Trust Bancorp 0.94% 199,119 $5.5M No change
HBB Hamilton Beach Brand-A 0.94% 317,313 $5.5M No change
SUPN Supernus Pharmaceuticals Inc. 0.87% 189,118 $5.1M Add +18.4%
BAM Brookfield Asset Mgmt-A 0.86% 132,103 $5.0M Add +0.3%
CET Central Securities Corp. 0.84% 111,210 $4.9M No change
IVT Inventrust Properties Corp. 0.78% 183,296 $4.5M No change
UNF Unifirst Corp. 0.69% 23,356 $4.0M Add +17.7%
LOW Lowe's Cos Inc. 0.53% 14,096 $3.1M Reduce -48.0%
ELME Elme Communities 0.25% 93,000 $1.5M No change
ROIC Retail Opportunity Investmen 0.19% 90,000 $1.1M No change
CTO Cto Realty Growth Inc. filed as CTO RLTY GROWTH INC NEW 0.19% 63,000 $1.1M No change
EQC Equity Commonwealth 0.18% 55,000 $1.1M No change
WSR Whitestone REIT 0.18% 80,000 $1.1M No change
BATRK Atlanta Braves Holdings in-C 0.18% 26,292 $1.0M Add +0.5%
RMR RMR Group Inc./the - A 0.14% 37,000 $836K No change
PCH Potlatchdeltic Corp. 0.14% 20,000 $788K No change
WCC Wesco International Inc. 0.13% 4,736 $751K New
TPHS Trinity Place Holdings Inc. 0.07% 3,475,472 $407K Reduce -15.4%
STC Stewart Information Services 0.06% 5,194 $322K No change
VTMX Corp. Inmobiliaria Vesta-ADR filed as VESTA REAL ESTATE CORP 0.05% 10,000 $300K New
GRBK Green Brick Partners Inc. 0.05% 5,000 $286K No change
UHAL U-Haul Holding Co. 0.02% 1,456 $90K No change

Portfolio Sells Q1 2024 → Q2 2024
HA Hawaiian Holdings Inc. Sold out 0.00% −1.46
DHI D.R. Horton Inc. Reduce -13.8% 2.56% −0.67
LOW Lowe's Cos Inc. Reduce -48.0% 0.53% −0.57
WY Weyerhaeuser Co. Reduce -7.0% 1.68% −0.45
KALU Kaiser Aluminum Corp. Reduce -28.1% 1.20% −0.38
LEN.B Lennar Corp. Class B Reduce -3.3% 3.87% −0.25
RYN Rayonier Inc. Reduce -7.0% 1.58% −0.22
UHAL.B U-Haul Holding Co.-Non Voting Reduce -3.4% 2.93% −0.20
PRA Proassurance Corp. Reduce -8.0% 1.18% −0.08
TPHS Trinity Place Holdings Inc. Reduce -15.4% 0.07% −0.03
AMH American Homes 4 Rent- A Reduce -5.6% 2.04% +0.05
ICFI Icf International Inc. Reduce -0.0% 1.13% +0.06
BN Brookfield Corp. Reduce -0.0% 3.45% +0.22
DB Deutsche Bank AG-Registered Reduce -0.2% 6.80% +0.55
TDW Tidewater Inc. Reduce -0.5% 8.33% +0.81

Portfolio Buys Q1 2024 → Q2 2024
HCC Warrior Met Coal Inc. Add +0.1% 8.23% +0.83
SUI Sun Communities Inc. Add +23.6% 2.23% +0.44
COLL Collegium Pharmaceutical Inc. Add +68.6% 1.01% +0.34
ORI Old Republic Intl Corp. Add +0.1% 4.39% +0.33
VAL Valaris Ltd. Add +0.1% 5.37% +0.33
ITIC Investors Title Co. Add +0.1% 1.21% +0.19
UNF Unifirst Corp. Add +17.7% 0.69% +0.14
WCC Wesco International Inc. New 0.13% +0.13
PLD Prologis Inc. Add +10.3% 2.48% +0.06
VTMX Corp. Inmobiliaria Vesta-ADR New 0.05% +0.05
BATRK Atlanta Braves Holdings in-C Add +0.5% 0.18% +0.01
FPH Five Point Holdings LLC Class A Add +0.2% 1.66% +0.01
FNF Fidelity National Financial Add +0.6% 1.01% +0.01
SUPN Supernus Pharmaceuticals Inc. Add +18.4% 0.87% −0.00
CMA Comerica Inc. Add +0.1% 4.17% −0.01
BAM Brookfield Asset Mgmt-A Add +0.3% 0.86% −0.02
FR First Industrial Realty TR Add +1.2% 1.28% −0.02
CBRE CBRE Group Inc. Class A Add +0.3% 2.79% −0.03
LAZ Lazard Inc. Add +0.1% 3.61% −0.07

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 55$625.3MTDW, BCC, VAL, RHI, HOG
Q1 2026 53$616.0MTDW, VAL, BCC, HCC, HOG
Q4 2025 51$550.2MHCC, TDW, BCC, VAL, BN
Q3 2025 50$532.7MTDW, HCC, VAL, BN, FPH
Q2 2025 52$484.9MTDW, DB, HCC, VAL, BN
Q1 2025 61$498.7MTDW, DB, HCC, VAL, FPH
Q4 2024 59$516.8MDB, TDW, HCC, CBRE, BN
Q3 2024 59$611.6MHCC, DB, TDW, CMA, LEN.B
Q2 2024 59$583.0MTDW, HCC, DB, VAL, ORI
Q1 2024 58$626.7MTDW, HCC, DB, VAL, CMA