THIRD AVENUE MANAGEMENT LLC

Registered adviser

CIK

1099281

Location

NEW YORK, NY

Portfolio Value

Small $621,424,012

Diversification

Diversified

Filing Date

Global Rank

#3,374 / 8,818 ▼ 229

Top Industry

Oil & Gas Equipment & Services 10.0%

Period ended 4 months ago

Filed Aug 12, 2026 · 3mo

26 quarters · since Mar 2020

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Registered adviser

Form ADV roster, Oct 1, 2026

Form ADV adviser

CRD 107545

Roster of Oct 1, 2026

Regulatory AUM

$1,626,400,523

Main clients

Registered funds and BDCs (96% of AUM)

Registered funds advised

5 series (0 index, 0 ETFs)

$2,043,540,398 net assets· N-CEN Dec 31, 2025

LEI

5493002XURIPBJ8YS253

Private funds on Schedule D 7.B.(1)

As filed Mar 25, 2024; SEC's bulk Form ADV archive ends with 2024 filings.

$17,886,345 gross assets in 1 fund Hedge funds $17,886,345 (1)

Form ADV history

Monthly rosters from Dec 2019; each row is a run with the same figures, newest first.

Rosters	Regulatory AUM	Main clients
Apr 2026 to Oct 2026	$1,626,400,523	Registered funds and BDCs (96%)
Apr 2025 to Mar 2026	$1,361,149,259	Registered funds and BDCs (95%)
Apr 2024 to Mar 2025	$1,441,602,207	Registered funds and BDCs (96%)
May 2023 to Mar 2024	$1,289,883,095	Registered funds and BDCs (96%)
Apr 2023	$1,289,883,095	Registered funds and BDCs (96%)
Apr 2022 to Mar 2023	$1,540,288,642	Registered funds and BDCs (89%)

3 earlier changes not shown.

Portfolio style

Measured from the filed 13F common-share book for Jun 30, 2026, never from the firm's own description.

Style

Diversified active

Top 10 weight 50.5%, 26.6 effective positions, active share 96.7% against the Russell 2000 as of 2026-06-30; it meets none of the index-like, systematic-like or concentrated tests

Turnover

Medium turnover

33.6% over the last four quarters (30% to under 100%)

Horizon

Long horizon

Value-weighted holding period 15.1 quarters (12+), a floor since 37.2% of the book was already held when coverage starts

Closest benchmark: the Russell 2000 as of 2026-06-30, active share 96.7%; sector active share 55.2% against the combined 13F book's sector weights.

Over time 26 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

View clone backtest

Portfolio Concentration

54 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026

Top Position

10.0%

−2.5 pts

Top 5

35.4%

−2.4 pts

Top 10

50.5%

−2.9 pts

HHI

376

Diversified−58

Portfolio Trend

26 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Energy	17.8%	$110,520,245	4
Real Estate	16.8%	$104,093,479	11
Industrials	15.5%	$96,460,397	10
Financial Services	14.5%	$90,244,733	11
Consumer Cyclical	14.3%	$88,848,939	6
Basic Materials	12.9%	$79,861,648	4
Healthcare	4.6%	$28,282,052	4
Technology	2.5%	$15,461,756	2
Communication Services	1.2%	$7,650,763	2

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

13 positions

Ticker	Company	Δ Shares	Shares	Value
RHI	Robert Half Inc.	+304,431	1,208,336	$37,095,915
BCC	BOISE CASCADE Co	+40,065	602,086	$46,739,936
BKD	Brookdale Senior Living Inc.	+31,162	494,826	$7,961,750
COLL	Collegium Pharmaceutical, Inc	+27,502	182,645	$6,611,749
ICFI	ICF International, Inc.	+27,157	98,893	$7,205,343
SD	Sandridge Energy Inc	+21,740	352,558	$4,830,044
HOG	Harley-Davidson, Inc.	+18,210	1,480,880	$36,222,324
TDW	Tidewater Inc	+12,940	934,121	$62,240,482
FSV	FirstService Corp	+11,499	61,951	$8,803,856
VAL	Valaris Ltd	+8,127	516,313	$37,484,323
ALG	Alamo Group Inc	+7,933	42,265	$6,952,169
LEN-B	Lennar Corp	+6,815	149,658	$13,276,161
OSG	Octave Specialty Group Inc	+668	1,341,879	$8,373,324
No positions match the current search.

Trimmed

Positions the filer reduced

23 positions

Ticker	Company	Δ Shares	Shares	Value
FPH	Five Point Holdings, LLC	−165,007	3,696,155	$19,478,736
ROG	Rogers Corp	−89,441	61,584	$10,083,148
BN	BROOKFIELD Corp	−86,566	394,929	$16,820,026
HCC	Warrior Met Coal, Inc.	−78,604	285,398	$23,162,901
BATRA	Atlanta Braves Holdings, Inc.	−52,558	111,880	$6,299,962
PLD	Prologis, Inc.	−21,122	104,823	$14,200,371
MYRG	Myr Group Inc.	−15,753	13,066	$6,538,226
ECPG	Encore Capital Group Inc	−12,795	129,717	$12,101,298
UNF	Unifirst Corp	−7,632	20,802	$5,501,296
DHI	Horton D R Inc	−4,631	69,205	$11,272,110
FR	First Industrial Realty Trust Inc	−3,518	77,498	$4,751,402
WCC	Wesco International Inc	−2,280	16,963	$5,859,529
UHAL-B	U-Haul Holding Co	−503	283,872	$16,379,414
AMH	American Homes 4 Rent	−462	262,058	$8,784,184
CBRE	Cbre Group, Inc.	−434	135,896	$18,303,832
JLL	Jones Lang Lasalle Inc	−354	32,053	$9,934,827
FNF	Fidelity National Financial, Inc.	−336	193,119	$9,107,492
WY	Weyerhaeuser Co	−280	162,097	$3,880,602
SKY	Champion Homes, Inc.	−181	100,576	$8,862,757
BATRK	Atlanta Braves Holdings, Inc.	−77	26,027	$1,350,801
KALU	Kaiser Aluminum Corp	−33	29,848	$5,839,164
PHM	Pultegroup Inc	−17	95,111	$13,050,180
SUI	Sun Communities Inc	−1	91,454	$10,966,249
No positions match the current search.

New Positions

Positions the filer opened this quarter

3 positions

Ticker	Company	Shares	Value
—		85,941	$6,165,407
MMS	Maximus, Inc.	74,085	$3,982,809
CRAI	Cra International, Inc.	20,819	$2,962,543
No positions match the current search.

Sold Out

Positions the filer fully exited

2 positions

Ticker	Shares	Value
—	155,855	$7,283,104
—	260,608	$6,442,230
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

54 tracked positions · $621,424,012 total · filing declares 55 positions · $625,342,172 · as of Jun 30, 2026

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

Showing 1–50 of 54 positions by value · page 1 of 2

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Held (qtrs)	Est. cost/share	% of Portfolio
TDW	Tidewater Inc Energy	Added	934,121	+12,940	$62,240,482	−19.1%	26+	before history	10.02%
BCC	BOISE CASCADE Co Basic Materials	Added	602,086	+40,065	$46,739,936	+9.6%	4	$80.35	7.52%
VAL	Valaris Ltd Energy	Added	516,313	+8,127	$37,484,323	−24.8%	20	$40.94	6.03%
RHI	Robert Half Inc. Industrials	Added	1,208,336	+304,431	$37,095,915	+61.6%	2	$26.84	5.97%
HOG	Harley-Davidson, Inc. Consumer Cyclical	Added	1,480,880	+18,210	$36,222,324	+22.5%	2	$19.66	5.83%
HCC	Warrior Met Coal, Inc. Basic Materials	Reduced	285,398	-78,604	$23,162,901	−31.7%	26+	before history	3.73%
FPH	Five Point Holdings, LLC Real Estate	Reduced	3,696,155	-165,007	$19,478,736	+4.2%	26+	before history	3.13%
CBRE	Cbre Group, Inc. Real Estate	Reduced	135,896	-434	$18,303,832	−0.9%	26+	before history	2.95%
BN	BROOKFIELD Corp Financial Services	Reduced	394,929	-86,566	$16,820,026	−13.7%	15	unpriced	2.71%
UHAL-B	U-Haul Holding Co Industrials	Reduced	283,872	-503	$16,379,414	+28.9%	15	unpriced	2.64%
PLD	Prologis, Inc. Real Estate	Reduced	104,823	-21,122	$14,200,371	−14.7%	26+	before history	2.29%
LEN-B	Lennar Corp Consumer Cyclical	Added	149,658	+6,815	$13,276,161	+10.5%	26+	before history	2.14%
PHM	Pultegroup Inc Consumer Cyclical	Reduced	95,111	-17	$13,050,180	+16.6%	6	$106.19	2.10%
ECPG	Encore Capital Group Inc Financial Services	Reduced	129,717	-12,795	$12,101,298	+21.1%	15	$48.70	1.95%
DHI	Horton D R Inc Consumer Cyclical	Reduced	69,205	-4,631	$11,272,110	+11.3%	18	$70.62	1.81%
UMBF	Umb Financial Corp Financial Services	Held	78,245	0	$11,170,256	+26.6%	26+	before history	1.80%
SUI	Sun Communities Inc Real Estate	Reduced	91,454	-1	$10,966,249	−4.8%	13	$126.09	1.76%
ROG	Rogers Corp Technology	Reduced	61,584	-89,441	$10,083,148	−37.8%	4	$74.47	1.62%
JLL	Jones Lang Lasalle Inc Real Estate	Reduced	32,053	-354	$9,934,827	+0.7%	14	$158.94	1.60%
FNF	Fidelity National Financial, Inc. Financial Services	Reduced	193,119	-336	$9,107,492	+1.5%	26+	before history	1.47%
SKY	Champion Homes, Inc. Consumer Cyclical	Reduced	100,576	-181	$8,862,757	+18.3%	5	$74.66	1.43%
FSV	FirstService Corp Real Estate	Added	61,951	+11,499	$8,803,856	+25.6%	3	$152.90	1.42%
AMH	American Homes 4 Rent Real Estate	Reduced	262,058	-462	$8,784,184	+19.8%	25	$28.11	1.41%
OSG	Octave Specialty Group Inc Financial Services	Added	1,341,879	+668	$8,373,324	+34.3%	7	$7.98	1.35%
BKD	Brookdale Senior Living Inc. Healthcare	Added	494,826	+31,162	$7,961,750	+25.5%	2	$13.98	1.28%
PB	Prosperity Bancshares Inc Financial Services	Held	102,168	0	$7,461,329	+8.7%	26+	before history	1.20%
ICFI	ICF International, Inc. Industrials	Added	98,893	+27,157	$7,205,343	+53.8%	26+	before history	1.16%
SUPN	Supernus Pharmaceuticals, Inc. Healthcare	Held	152,724	0	$7,103,193	−10.0%	17	$30.85	1.14%
ALG	Alamo Group Inc Industrials	Added	42,265	+7,933	$6,952,169	+22.7%	26+	before history	1.12%
COLL	Collegium Pharmaceutical, Inc Healthcare	Added	182,645	+27,502	$6,611,749	+28.9%	11	$31.15	1.06%
		Held	210,161	0	$6,605,360	+26.9%	2	unpriced	1.06%
MYRG	Myr Group Inc. Industrials	Reduced	13,066	-15,753	$6,538,226	−19.6%	26+	before history	1.05%
BATRA	Atlanta Braves Holdings, Inc. Communication Services	Reduced	111,880	-52,558	$6,299,962	−18.7%	12	$42.37	1.01%
		NEW	85,941	NEW	$6,165,407	NEW	1	unpriced	0.99%
ITIC	Investors Title Co Financial Services	Held	21,894	0	$5,991,949	+25.9%	13	$148.48	0.96%
PBF	PBF Energy Inc. Energy	Held	131,050	0	$5,965,396	−4.4%	8	$34.30	0.96%
WCC	Wesco International Inc Industrials	Reduced	16,963	-2,280	$5,859,529	+11.3%	9	$165.74	0.94%
KALU	Kaiser Aluminum Corp Basic Materials	Reduced	29,848	-33	$5,839,164	+62.2%	26+	before history	0.94%
UNF	Unifirst Corp Industrials	Reduced	20,802	-7,632	$5,501,296	−23.1%	26+	before history	0.89%
QLYS	Qualys, Inc. Technology	Held	39,120	0	$5,378,608	+56.5%	2	$110.82	0.87%
CET	Central Securities Corp Financial Services	Held	101,812	0	$5,340,039	+5.6%	26+	before history	0.86%
FLG	Flagstar Bank, National Association Financial Services	Held	331,241	0	$4,948,740	+13.4%	3	$12.35	0.80%
SD	Sandridge Energy Inc Energy	Added	352,558	+21,740	$4,830,044	−10.5%	8	$12.73	0.78%
OCFC	Oceanfirst Financial Corp Financial Services	Held	246,662	0	$4,817,308	+8.3%	7	$18.15	0.78%
FR	First Industrial Realty Trust Inc Real Estate	Reduced	77,498	-3,518	$4,751,402	+1.4%	26+	before history	0.76%
LXU	Lsb Industries, Inc. Basic Materials	Held	381,096	0	$4,119,647	−27.4%	12	$8.67	0.66%
SBSI	Southside Bancshares Inc Financial Services	Held	116,879	0	$4,112,972	+13.2%	26+	before history	0.66%
BXC	BlueLinx Holdings Inc. Industrials	Held	64,369	0	$3,983,153	+14.2%	6	$79.08	0.64%
MMS	Maximus, Inc. Industrials	NEW	74,085	NEW	$3,982,809	NEW	1	$62.33	0.64%
WY	Weyerhaeuser Co Real Estate	Reduced	162,097	-280	$3,880,602	−2.2%	26+	before history	0.62%

Showing the top 50 of 54 positions. Create a free account to see every position, past quarters, search, filters and CSV export.

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.