THIRD AVENUE MANAGEMENT LLC

CIK

1099281

Location

NEW YORK, NY

Portfolio Value

Small $590,202,488

Diversification

Diversified

Filing Date

Global Rank

#2,405 / 8,622 ▲ 198 · as of Mar 2026

Top Industry

Oil & Gas Equipment & Services 13.0%

3Y Alpha vs SPY

+3.2%

Period ended 4 months ago

Filed May 13, 2026 · 3mo

25 quarters · since Mar 2020

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of buying every stock this filer reported holding, rebalancing on each filing and indexed to the same start. Option positions cannot be bought this way and are left out.

Cloned portfolio

+81.4%

SPY

+67.9%

Annualised alpha

+3.1%

Max drawdown

−21.3%

Estimate. 13F holdings are quarter-lagged, so the clone rebalances about 45 days after each period end — when the filing becomes public — and it excludes option and short positions. It tracks 100% of reported value on average across 13 quarters. Past performance does not predict future results.

Portfolio Concentration

50 tracked positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

13.0%

+3.2 pts

Top 5

39.5%

+4.7 pts

Top 10

55.8%

+2.6 pts

HHI

463

Diversified+63

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Energy	23.5%	$138,423,469	4
Real Estate	17.3%	$101,892,525	11
Financial Services	15.1%	$89,079,661	12
Basic Materials	14.5%	$85,815,367	4
Consumer Cyclical	11.1%	$65,671,368	5
Industrials	9.7%	$57,349,251	7
Healthcare	4.2%	$24,571,391	4
Technology	3.3%	$19,646,205	2
Communication Services	1.3%	$7,753,251	1

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

9 positions

Ticker	Company	Δ Shares	Shares	Value
OSG	Octave Specialty Group Inc	+559,118	1,341,211	$6,236,631
BCC	BOISE CASCADE Co	+132,022	562,021	$42,629,292
FLG	Flagstar Bank, National Association	+113,936	331,241	$4,362,443
OCFC	Oceanfirst Financial Corp	+53,855	246,662	$4,449,782
TDW	Tidewater Inc	+48,110	921,181	$76,964,672
FSV	FirstService Corp	+31,738	50,452	$7,009,800
ICFI	ICF International, Inc.	+18,872	71,736	$4,683,643
ALG	Alamo Group Inc	+10,323	34,332	$5,663,750
BXC	BlueLinx Holdings Inc.	+30	64,369	$3,487,512
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
LXU	Lsb Industries, Inc.	−408,351	381,096	$5,678,330
FPH	Five Point Holdings, LLC	−252,755	3,861,162	$18,688,024
HCC	Warrior Met Coal, Inc.	−219,318	364,002	$33,906,786
VAL	Valaris Ltd	−76,187	508,186	$49,822,555
BN	BROOKFIELD Corp /ON/	−66,624	481,495	$19,486,102
KALU	Kaiser Aluminum Corp	−55,482	29,881	$3,600,959
ROG	Rogers Corp	−48,449	151,025	$16,209,513
COLL	Collegium Pharmaceutical, Inc	−48,258	155,143	$5,130,579
SUPN	Supernus Pharmaceuticals, Inc.	−36,769	152,724	$7,894,303
PRA	Proassurance Corp	−32,382	260,608	$6,442,229
ECPG	Encore Capital Group Inc	−28,510	142,512	$9,992,941
FR	First Industrial Realty Trust Inc	−23,712	81,016	$4,686,775
PLD	Prologis, Inc.	−19,506	125,945	$16,647,410
AMH	American Homes 4 Rent	−15,992	262,520	$7,329,558
FNF	Fidelity National Financial, Inc.	−11,865	193,455	$8,972,442
CBRE	Cbre Group, Inc.	−10,505	136,330	$18,467,261
WY	Weyerhaeuser Co	−9,205	162,377	$3,966,870
MYRG	Myr Group Inc.	−6,735	28,819	$8,136,180
SKY	Champion Homes, Inc.	−5,652	100,757	$7,493,298
PHM	Pultegroup Inc/Mi/	−5,556	95,128	$11,188,004
SUI	Sun Communities Inc	−5,467	91,455	$11,519,671
DHI	Horton D R Inc /De/	−4,358	73,836	$10,131,775
JLL	Jones Lang Lasalle Inc	−1,944	32,407	$9,862,098
WCC	Wesco International Inc	−1,052	19,243	$5,265,269
FRPH	Frp Holdings, Inc.	−269	107,160	$2,344,660
No positions match the current search.

New Positions

Positions the filer opened this quarter

6 positions

Ticker	Company	Shares	Value
HOG	Harley-Davidson, Inc.	1,462,670	$29,575,187
RHI	Robert Half Inc.	903,905	$22,959,187
BKD	Brookdale Senior Living Inc.	463,664	$6,342,923
CPRX	Catalyst Pharmaceuticals, Inc.	210,161	$5,203,586
QLYS	Qualys, Inc.	39,120	$3,436,692
COMP	Compass, Inc.	187,469	$1,370,398
No positions match the current search.

Sold Out

Positions the filer fully exited

4 positions

Ticker	Company	Shares	Value
DB	Deutsche Bank Aktiengesellschaft	337,193	$13,002,162
RYN	Rayonier Inc	188,340	$4,077,561
CTLP	Cantaloupe, Inc.	370,013	$3,929,538
FG	F&G Annuities & Life, Inc.	12,319	$380,041
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

50 tracked positions · $590,202,488 total · filing declares 53 positions · $616,036,133 · as of Mar 31, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Energy Financial Services Healthcare Industrials Real Estate Technology

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
TDW	Tidewater Inc Energy	Added	921,181	+48,110	$76,964,672	+74.5%	13.04%
VAL	Valaris Ltd Energy	Reduced	508,186	-76,187	$49,822,555	+69.2%	8.44%
BCC	BOISE CASCADE Co Basic Materials	Added	562,021	+132,022	$42,629,292	+34.7%	7.22%
HCC	Warrior Met Coal, Inc. Basic Materials	Reduced	364,002	-219,318	$33,906,786	−34.1%	5.74%
HOG	Harley-Davidson, Inc. Consumer Cyclical	NEW	1,462,670	NEW	$29,575,187	NEW	5.01%
RHI	Robert Half Inc. Industrials	NEW	903,905	NEW	$22,959,187	NEW	3.89%
BN	BROOKFIELD Corp /ON/ Financial Services	Reduced	481,495	-66,624	$19,486,102	−22.5%	3.30%
FPH	Five Point Holdings, LLC Real Estate	Reduced	3,861,162	-252,755	$18,688,024	−18.7%	3.17%
CBRE	Cbre Group, Inc. Real Estate	Reduced	136,330	-10,505	$18,467,261	−21.8%	3.13%
PLD	Prologis, Inc. Real Estate	Reduced	125,945	-19,506	$16,647,410	−10.3%	2.82%
ROG	Rogers Corp Technology	Reduced	151,025	-48,449	$16,209,513	−11.3%	2.75%
SUI	Sun Communities Inc Real Estate	Reduced	91,455	-5,467	$11,519,671	−4.1%	1.95%
PHM	Pultegroup Inc/Mi/ Consumer Cyclical	Reduced	95,128	-5,556	$11,188,004	−5.2%	1.90%
DHI	Horton D R Inc /De/ Consumer Cyclical	Reduced	73,836	-4,358	$10,131,775	−10.0%	1.72%
ECPG	Encore Capital Group Inc Financial Services	Reduced	142,512	-28,510	$9,992,941	+7.5%	1.69%
JLL	Jones Lang Lasalle Inc Real Estate	Reduced	32,407	-1,944	$9,862,098	−14.7%	1.67%
FNF	Fidelity National Financial, Inc. Financial Services	Reduced	193,455	-11,865	$8,972,442	−19.9%	1.52%
UMBF	Umb Financial Corp Financial Services	Held	78,245	0	$8,825,253	−2.0%	1.50%
MYRG	Myr Group Inc. Industrials	Reduced	28,819	-6,735	$8,136,180	+4.7%	1.38%
SUPN	Supernus Pharmaceuticals, Inc. Healthcare	Reduced	152,724	-36,769	$7,894,303	−16.2%	1.34%
BATRA	Atlanta Braves Holdings, Inc. Communication Services	Held	164,438	0	$7,753,251	+11.0%	1.31%
SKY	Champion Homes, Inc. Consumer Cyclical	Reduced	100,757	-5,652	$7,493,298	−16.7%	1.27%
AMH	American Homes 4 Rent Real Estate	Reduced	262,520	-15,992	$7,329,558	−18.0%	1.24%
TPH	Tri Pointe Homes, Inc. Consumer Cyclical	Held	155,855	0	$7,283,104	+48.5%	1.23%
UNF	Unifirst Corp Industrials	Held	28,434	0	$7,153,710	+30.4%	1.21%
FSV	FirstService Corp Real Estate	Added	50,452	+31,738	$7,009,800	+140.8%	1.19%
PB	Prosperity Bancshares Inc Financial Services	Held	102,168	0	$6,863,646	−2.8%	1.16%
PRA	Proassurance Corp Financial Services	Reduced	260,608	-32,382	$6,442,229	−9.0%	1.09%
BKD	Brookdale Senior Living Inc. Healthcare	NEW	463,664	NEW	$6,342,923	NEW	1.07%
PBF	PBF Energy Inc. Energy	Held	131,050	0	$6,240,601	+75.6%	1.06%
OSG	Octave Specialty Group Inc Financial Services	Added	1,341,211	+559,118	$6,236,631	+2.5%	1.06%
LXU	Lsb Industries, Inc. Basic Materials	Reduced	381,096	-408,351	$5,678,330	−15.4%	0.96%
ALG	Alamo Group Inc Industrials	Added	34,332	+10,323	$5,663,750	+40.5%	0.96%
SD	Sandridge Energy Inc Energy	Held	330,818	0	$5,395,641	+13.0%	0.91%
WCC	Wesco International Inc Industrials	Reduced	19,243	-1,052	$5,265,269	+6.0%	0.89%
CPRX	Catalyst Pharmaceuticals, Inc. Healthcare	NEW	210,161	NEW	$5,203,586	NEW	0.88%
COLL	Collegium Pharmaceutical, Inc Healthcare	Reduced	155,143	-48,258	$5,130,579	−45.5%	0.87%
CET	Central Securities Corp Financial Services	Held	101,812	0	$5,055,983	−2.1%	0.86%
ITIC	Investors Title Co Financial Services	Held	21,894	0	$4,758,441	−12.9%	0.81%
FR	First Industrial Realty Trust Inc Real Estate	Reduced	81,016	-23,712	$4,686,775	−21.9%	0.79%
ICFI	ICF International, Inc. Industrials	Added	71,736	+18,872	$4,683,643	+3.9%	0.79%
OCFC	Oceanfirst Financial Corp Financial Services	Added	246,662	+53,855	$4,449,782	+28.6%	0.75%
FLG	Flagstar Bank, National Association Financial Services	Added	331,241	+113,936	$4,362,443	+59.5%	0.74%
WY	Weyerhaeuser Co Real Estate	Reduced	162,377	-9,205	$3,966,870	−2.4%	0.67%
SBSI	Southside Bancshares Inc Financial Services	Held	116,879	0	$3,633,768	+2.3%	0.62%
KALU	Kaiser Aluminum Corp Basic Materials	Reduced	29,881	-55,482	$3,600,959	−63.3%	0.61%
BXC	BlueLinx Holdings Inc. Industrials	Added	64,369	+30	$3,487,512	−11.8%	0.59%
QLYS	Qualys, Inc. Technology	NEW	39,120	NEW	$3,436,692	NEW	0.58%
FRPH	Frp Holdings, Inc. Real Estate	Reduced	107,160	-269	$2,344,660	−4.2%	0.40%
COMP	Compass, Inc. Real Estate	NEW	187,469	NEW	$1,370,398	NEW	0.23%

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.