THIRD AVENUE MANAGEMENT LLC

CIK

1099281

Location

NEW YORK, NY

Portfolio Value

Small $590,202,488

Diversification

Diversified

Filing Date

Global Rank

#2,381 / 8,603 ▲ 204 · as of Mar 2026

Top Industry

Oil & Gas Equipment & Services 13.0%

3Y Alpha vs SPY

+3.0%

Period ended 3 months ago

Filed May 13, 2026 · 57d

25 quarters · since Mar 2020

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+89.6%

SPY

+76.5%

Annualised alpha

+2.9%

Max drawdown

−21.3%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

50 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 positions · $590,202,488 total · 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%