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THIRD AVENUE MANAGEMENT LLC

Q4 2025 · Filed 2026-02-12
Market Value
$542M
+3.4%
Holdings
52
New Purchases
4
Added To
21
Closed
3
Reduced
12
Top 10 Concentration
51.5%
Turnover
13.5%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
DB 2.40% 0.00% +2.40% $13M
BCC 5.84% 4.04% +1.80% $32M
HCC 9.49% 8.07% +1.41% $51M
FNF 2.07% 1.37% +0.70% $11M
FSV 0.54% 0.00% +0.54% $3M
FLG 0.50% 0.00% +0.50% $3M
KALU 1.81% 1.34% +0.47% $10M
AMH 1.65% 1.20% +0.45% $9M
ECPG 1.71% 1.32% +0.39% $9M
COLL 1.74% 1.36% +0.37% $9M
ROG 3.37% 3.11% +0.26% $18M
ALG 0.74% 0.54% +0.21% $4M
PLD 3.42% 3.23% +0.19% $19M
UNF 1.01% 0.82% +0.19% $5M
AMBC 1.12% 0.94% +0.19% $6M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
CMA 0.00% 2.06% -2.06% $0
TDW 8.13% 9.14% -1.01% $44M
LEN-B 2.60% 3.44% -0.84% $14M
JLL 2.13% 2.93% -0.80% $12M
SEB 0.00% 0.72% -0.72% $0
FPH 4.24% 4.81% -0.57% $23M
UMBF 1.66% 2.20% -0.54% $9M
DHI 2.08% 2.57% -0.49% $11M
SBSI 0.66% 1.11% -0.46% $4M
RYN 0.75% 1.12% -0.37% $4M
FRPH 0.45% 0.82% -0.37% $2M
PRA 1.31% 1.67% -0.36% $7M
PHM 2.18% 2.48% -0.30% $12M
UHAL-B 2.23% 2.53% -0.29% $12M
VAL 5.43% 5.72% -0.29% $29M

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Large Cap 14 $170M 31.4%
Mid Cap 22 $269M 49.6%
Small Cap 16 $103M 19.0%

Portfolio Analytics

Avg Market Cap
$12.5B
Median Market Cap
$4.2B
Avg P/E
35.2
Median P/E
16.2
Avg Dividend Yield
0.02%
Avg Beta
0.96
# Stocks
52
# ETFs / Funds
0

Top Holdings (52 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 HCC 9.49% 583,320 $51M $88.17 $9M -58,596 -9.1%
2 TDW 8.13% 873,071 $44M $50.51 -$4M -1,596 -0.2%
3 BCC 5.84% 429,999 $32M $73.60 $10M +156,294 +57.1%
4 VAL 5.43% 584,373 $29M $50.40 -$542K -1,229 -0.2%
5 BN 4.64% 548,119 $25M $45.89 -$522K +169,870 +44.9%
6 CBRE 4.35% 146,835 $24M $160.79 -$606K -7,837 -5.1%
7 FPH 4.24% 4,113,917 $23M $5.59 -$2M
8 PLD 3.42% 145,451 $19M $127.66 $2M +57 +0.0%
9 ROG 3.37% 199,474 $18M $91.57 $2M +106 +0.1%
10 LEN-B 2.60% 148,008 $14M $95.12 -$4M +165 +0.1%
11 DB 2.40% 337,193 $13M $38.56 +337,193 NEW
12 UHAL-B 2.23% 259,246 $12M $46.74 -$1M +21 +0.0%
13 SUI 2.21% 96,922 $12M $123.91 -$427K +136 +0.1%
14 PHM 2.18% 100,684 $12M $117.26 -$1M +3,918 +4.0%
15 JLL 2.13% 34,351 $12M $336.47 -$4M -17,268 -33.5%
16 DHI 2.08% 78,194 $11M $144.03 -$2M +116 +0.1%
17 FNF 2.07% 205,320 $11M $54.59 $4M +86,664 +73.0%
18 KALU 1.81% 85,363 $10M $114.86 $3M -4,172 -4.7%
19 SUPN 1.74% 189,493 $9M $49.70 $315K
20 COLL 1.74% 203,401 $9M $46.30 $2M
21 ECPG 1.71% 171,022 $9M $54.35 $2M
22 UMBF 1.66% 78,245 $9M $115.04 -$3M -19,273 -19.8%
23 SKY 1.66% 106,409 $9M $84.50 $704K
24 AMH 1.65% 278,512 $9M $32.10 $3M +87,446 +45.8%
25 MYRG 1.43% 35,554 $8M $218.50 $587K
26 PRA 1.31% 292,990 $7M $24.16 -$2M -71,023 -19.5%
27 PB 1.30% 102,168 $7M $69.11 $220K
28 LXU 1.24% 789,447 $7M $8.50 $584K
29 AMBC 1.12% 782,093 $6M $7.78 $1M +178,702 +29.6%
30 FR 1.11% 104,728 $6M $57.27 $461K -1,614 -1.5%
31 UNF 1.01% 28,434 $5M $192.90 $1M +2,505 +9.7%
32 ITIC 1.01% 21,894 $5M $249.64 -$418K +11 +0.1%
33 CET 0.95% 101,812 $5M $50.71 -$58K
34 WCC 0.92% 20,295 $5M $244.64 $691K +202 +1.0%
35 TPH 0.90% 155,855 $5M $31.47 -$438K
36 SD 0.88% 330,818 $5M $14.43 $905K +120 +0.0%
37 ICFI 0.83% 52,864 $5M $85.30 $66K +5,840 +12.4%
38 RYN 0.75% 188,340 $4M $21.65 -$2M -29,712 -13.6%
39 WY 0.75% 171,582 $4M $23.69 $25K +9,662 +6.0%
40 ALG 0.74% 24,009 $4M $167.87 $1M +9,140 +61.5%
41 BXC 0.73% 64,339 $4M $61.43 $537K +17,982 +38.8%
42 CTLP 0.72% 370,013 $4M $10.62 $15K
43 PBF 0.66% 131,050 $4M $27.12 -$371K
44 SBSI 0.66% 116,879 $4M $30.39 -$2M -92,547 -44.2%
45 OCFC 0.64% 192,807 $3M $17.95 $643K +30,476 +18.8%
46 FSV 0.54% 18,714 $3M $155.53 +18,714 NEW
47 FLG 0.50% 217,305 $3M $12.59 +217,305 NEW
48 FRPH 0.45% 107,429 $2M $22.79 -$2M -71,101 -39.8%
49 FG 0.07% 12,319 $380K $30.85 +12,319 NEW
50 CMA —% -$11M -156,314 -100.0% SOLD
51 VC —% -$1M -10,298 -100.0% SOLD
52 SEB —% -$4M -1,015 -100.0% SOLD

New Positions

SymbolValue% Port
DB $13M 2.40%
FSV $3M 0.54%
FLG $3M 0.50%
FG $380K 0.07%

Sold Out Positions

SymbolValue% Port
SEB —%
VC —%
CMA —%
View SEC EDGAR Filings for THIRD AVENUE MANAGEMENT LLC →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms