Third Avenue Management LLC

In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 14, 2024), Third Avenue Management LLC reported 59 stock positions worth $611.6 million. Its top holding was Warrior Met Coal (HCC) at 8.3% of the portfolio, followed by Deutsche Bank AG-Registered (DB, 7.0%) and Tidewater (TDW, 5.7%). Compared with Q2 2024, it opened 2 new positions, sold out of 2, added to 15 and reduced 16. The biggest buy was CBRE Class A (CBRE, shares +0%) and the biggest sale Tidewater (TDW, shares −6%).

Most Recent 13F
Q2 2026
Location
NEW YORK, NY
CIK
0001099281
Portfolio Value
$611.6M (Q3 2024)
SEC Filing
0001099281-24-000011 ↗ filed Nov 14, 2024

Holdings Value

0$200.0M$400.0M$600.0M$800.0M Q1 2024: $626.7M Q1 2024 Q2 2024: $583.0M Q2 2024 Q3 2024: $611.6M $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 · $611.6M
HCC Warrior Met Coal Inc. 8.31% 795,414 $50.8M Add +4.1%
DB Deutsche Bank AG-Registered 7.04% 2,488,930 $43.0M Add +0.3%
TDW Tidewater Inc. 5.65% 481,474 $34.6M Reduce -5.6%
CMA Comerica Inc. 4.66% 475,883 $28.5M Reduce -0.1%
LEN.B Lennar Corp. Class B 4.57% 161,781 $28.0M No change
BN Brookfield Corp. 3.95% 454,794 $24.2M Reduce -6.1%
VAL Valaris Ltd. 3.94% 432,347 $24.1M Add +2.9%
CBRE CBRE Group Inc. Class A 3.72% 183,011 $22.8M Add +0.1%
UHAL.B U-Haul Holding Co.-Non Voting 3.35% 284,528 $20.5M Add +0.0%
LAZ Lazard Inc. 2.99% 362,515 $18.3M Reduce -34.2%
ORI Old Republic Intl Corp. 2.95% 510,054 $18.1M Reduce -38.4%
PLD Prologis Inc. 2.66% 128,943 $16.3M Add +0.0%
DHI D.R. Horton Inc. 2.46% 78,745 $15.0M Reduce -25.7%
SUI Sun Communities Inc. filed as SUN CMNTYS INC 2.38% 107,795 $14.6M No change
JLL Jones Lang Lasalle Inc. 2.29% 51,990 $14.0M No change
FPH Five Point Holdings LLC Class A 2.25% 3,310,930 $13.7M No change
AMH American Homes 4 Rent- A 2.02% 321,221 $12.3M Add +0.2%
UMBF Umb Financial Corp. 1.91% 110,896 $11.7M Reduce -25.7%
WY Weyerhaeuser Co. 1.71% 308,007 $10.4M Reduce -10.7%
RYN Rayonier Inc. 1.66% 315,800 $10.2M Add +0.0%
HBB Hamilton Beach Brand-A 1.58% 316,634 $9.6M Reduce -0.2%
ITIC Investors Title Co. 1.47% 39,139 $9.0M Reduce -0.1%
FR First Industrial Realty TR 1.44% 157,130 $8.8M No change
PRA Proassurance Corp. 1.39% 563,988 $8.5M Reduce -0.0%
ECPG Encore Capital Group Inc. 1.32% 171,022 $8.1M Add +0.2%
FRPH FRP Holdings Inc. filed as FRP HLDGS INC 1.23% 252,952 $7.6M Reduce -0.0%
MYRG MYR Group Inc./Delaware 1.22% 72,797 $7.4M Add +7.4%
ICFI Icf International Inc. 1.21% 44,188 $7.4M Reduce -0.2%
FNF Fidelity National Financial 1.20% 118,656 $7.4M No change
PB Prosperity Bancshares Inc. 1.20% 102,168 $7.4M Add +0.2%
SEB Seaboard Corp. 1.20% 2,334 $7.3M No change
TPH Tri Pointe Homes Inc. 1.15% 155,830 $7.1M Reduce -0.1%
COLL Collegium Pharmaceutical Inc. 1.15% 182,651 $7.1M Add +0.2%
SBSI Southside Bancshares Inc. 1.14% 209,426 $7.0M No change
BATRA Atlanta Braves Holdings in-A 1.13% 164,438 $6.9M No change
LXU LSB Industries Inc. 1.04% 789,447 $6.3M Add +0.2%
BAM Brookfield Asset Mgmt-A 1.02% 132,103 $6.2M No change
SUPN Supernus Pharmaceuticals Inc. 0.97% 189,493 $5.9M Add +0.2%
KALU Kaiser Aluminum Corp. 0.94% 79,623 $5.8M No change
ALG Alamo Group Inc. 0.94% 31,880 $5.7M No change
IVT Inventrust Properties Corp. 0.85% 183,176 $5.2M Reduce -0.1%
CET Central Securities Corp. 0.83% 111,210 $5.1M No change
UNF Unifirst Corp. 0.76% 23,356 $4.6M No change
SD Sandridge Energy Inc. 0.56% 280,554 $3.4M New
PBF PBF Energy Inc. Class A 0.43% 85,958 $2.7M New
WCC Wesco International Inc. 0.40% 14,739 $2.5M Add +211.2%
ELME Elme Communities 0.27% 93,000 $1.6M No change
ROIC Retail Opportunity Investmen 0.23% 90,000 $1.4M No change
CTO Cto Realty Growth Inc. filed as CTO RLTY GROWTH INC NEW 0.20% 63,000 $1.2M 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 0.17% 26,104 $1.0M Reduce -0.7%
RMR RMR Group Inc./the - A 0.15% 37,000 $939K No change
PCH Potlatchdeltic Corp. 0.15% 20,000 $901K No change
GRBK Green Brick Partners Inc. 0.07% 5,000 $418K No change
STC Stewart Information Services 0.06% 5,194 $388K No change
VTMX Corp. Inmobiliaria Vesta-ADR filed as VESTA REAL ESTATE CORP 0.04% 10,000 $269K No change
TPHS Trinity Place Holdings Inc. 0.02% 3,475,472 $139K No change
UHAL U-Haul Holding Co. 0.02% 1,456 $113K No change

Portfolio Sells Q2 2024 → Q3 2024
TDW Tidewater Inc. Reduce -5.6% 5.65% −2.68
ORI Old Republic Intl Corp. Reduce -38.4% 2.95% −1.43
WASH Washington Trust Bancorp Sold out 0.00% −0.94
LAZ Lazard Inc. Reduce -34.2% 2.99% −0.62
LOW Lowe's Cos Inc. Sold out 0.00% −0.53
UMBF Umb Financial Corp. Reduce -25.7% 1.91% −0.23
DHI D.R. Horton Inc. Reduce -25.7% 2.46% −0.11
BATRK Atlanta Braves Holdings in-C Reduce -0.7% 0.17% −0.01
FRPH FRP Holdings Inc. Reduce -0.0% 1.23% −0.00
WY Weyerhaeuser Co. Reduce -10.7% 1.71% +0.03
IVT Inventrust Properties Corp. Reduce -0.1% 0.85% +0.07
ICFI Icf International Inc. Reduce -0.2% 1.21% +0.08
TPH Tri Pointe Homes Inc. Reduce -0.1% 1.15% +0.16
PRA Proassurance Corp. Reduce -0.0% 1.39% +0.20
ITIC Investors Title Co. Reduce -0.1% 1.47% +0.26
CMA Comerica Inc. Reduce -0.1% 4.66% +0.49
BN Brookfield Corp. Reduce -6.1% 3.95% +0.50
HBB Hamilton Beach Brand-A Reduce -0.2% 1.58% +0.64

Portfolio Buys Q2 2024 → Q3 2024
CBRE CBRE Group Inc. Class A Add +0.1% 3.72% +0.93
SD Sandridge Energy Inc. New 0.56% +0.56
PBF PBF Energy Inc. Class A New 0.43% +0.43
UHAL.B U-Haul Holding Co.-Non Voting Add +0.0% 3.35% +0.42
WCC Wesco International Inc. Add +211.2% 0.40% +0.28
DB Deutsche Bank AG-Registered Add +0.3% 7.04% +0.24
PLD Prologis Inc. Add +0.0% 2.66% +0.18
COLL Collegium Pharmaceutical Inc. Add +0.2% 1.15% +0.15
PB Prosperity Bancshares Inc. Add +0.2% 1.20% +0.13
ECPG Encore Capital Group Inc. Add +0.2% 1.32% +0.10
SUPN Supernus Pharmaceuticals Inc. Add +0.2% 0.97% +0.10
RYN Rayonier Inc. Add +0.0% 1.66% +0.09
HCC Warrior Met Coal Inc. Add +4.1% 8.31% +0.08
AMH American Homes 4 Rent- A Add +0.2% 2.02% −0.03
LXU LSB Industries Inc. Add +0.2% 1.04% −0.07
MYRG MYR Group Inc./Delaware Add +7.4% 1.22% −0.36
VAL Valaris Ltd. Add +2.9% 3.94% −1.43

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