THIRD AVENUE MANAGEMENT LLC

All Holdings — 2025 Q4

Portfolio Concentration Analytics: 7.6
Risk-based ENB:
Total Positions
54
Quarter
2025 Q4
Top Holding
HCC (9.3%)
Top 10 Concentration
50.8%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
1-25 of 54
Stock History Sector / Type Port % Prev % Rank / Prev Conviction Change % Change Influence Shares Mkt Value Avg Cost Price Held 1st Owned Source Source Date Date Reported
HCC
Warrior Met Coa...
Basic Materials 9.35% 7.94% #1 1
Prev: #2
3.8 -58,596 -9.1%
P
S
583,320 $51,431,324 2009 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
TDW
Tidewater Inc.
Energy 8.01% 9.00% #2 1
Prev: #1
3.2 -1,596 -0.2%
P
S
873,071 $44,098,816 2004 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
BCC
Boise Cascade C...
Basic Materials 5.75% 3.98% #3 4
Prev: #7
4.5 156,294 57.1%
P
S
429,999 $31,647,926 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
VAL
Valaris Ltd.
Energy 5.35% 5.63% #4 1
Prev: #3
2.1 -1,229 -0.2%
P
S
584,373 $29,452,399 2021 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
BN
Brookfield Corp...
Financial Services 4.57% 4.82% #5 1
Prev: #4
4.0 169,870 44.9%
P
S
548,119 $25,153,181 2022 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
CBRE
CBRE Group, Inc...
Real Estate 4.29% 4.55% #6
Prev: #6
1.7 -7,837 -5.1%
P
S
146,835 $23,609,600 2020 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
FPH
Five Point Hold...
Real Estate 4.18% 4.73% #7 2
Prev: #5
1.7 no change no change
P
S
4,113,917 $22,996,796 2017 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
PLD
Prologis Inc.
Real Estate 3.37% 3.18% #8 1
Prev: #9
3.4 57 0.0%
P
S
145,451 $18,568,275 2011 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
ROG
Rogers Corp.
Technology 3.32% 3.06% #9 1
Prev: #10
3.3 106 0.1%
P
S
199,474 $18,265,834 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
LEN/B
Lennar Corp - C...
Consumer Cyclical 2.56% 3.39% #10 2
Prev: #8
3.0 165 0.1%
P
S
148,008 $14,078,521 2016 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
DB
Deutsche Bank A...
Financial Services 2.36% #11
Prev: #—
2.9 337,193 no change
NEW
337,193 $13,002,162 2017 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
UHAL/B
U-Haul Holding ...
Industrials 2.20% 2.49% #12 1
Prev: #13
2.9 21 0.0%
P
S
259,246 $12,117,158 2022 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
SUI
Sun Communities...
Real Estate 2.18% 2.33% #13 2
Prev: #15
2.9 136 0.1%
P
S
96,922 $12,009,605 2023 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
PHM
PulteGroup Inc.
Consumer Cyclical 2.15% 2.44% #14
Prev: #14
2.9 3,918 4.0%
P
S
100,684 $11,806,206 2025 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
JLL
Jones Lang Lasa...
Real Estate 2.10% 2.88% #15 4
Prev: #11
0.9 -17,268 -33.5%
P
S
34,351 $11,558,081 2004 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
DHI
DR Horton Inc.
Consumer Cyclical 2.05% 2.53% #16 4
Prev: #12
2.8 116 0.1%
P
S
78,194 $11,262,282 2022 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
FNF
FNF Group
Financial Services 2.04% 1.34% #17 6
Prev: #23
3.0 86,664 73.0%
P
S
205,320 $11,208,419 2016 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
KALU
Kaiser Aluminum...
Basic Materials 1.78% 1.32% #18 7
Prev: #25
0.7 -4,172 -4.7%
P
S
85,363 $9,804,794 2008 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
SUPN
Supernus Pharma...
Healthcare 1.71% 1.71% #19 1
Prev: #18
0.7 no change no change
P
S
189,493 $9,417,802 2022 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
COLL
Collegium Pharm...
Healthcare 1.71% 1.34% #20 4
Prev: #24
0.7 no change no change
P
S
203,401 $9,417,466 2023 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
ECPG
Encore Capital ...
Financial Services 1.69% 1.30% #21 5
Prev: #26
0.7 no change no change
P
S
171,022 $9,295,046 2022 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
UMBF
UMB Financial C...
Financial Services 1.64% 2.17% #22 6
Prev: #16
0.7 -19,273 -19.8%
P
S
78,245 $9,001,305 2013 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
SKY
Champion Homes,...
Consumer Cyclical 1.63% 1.56% #23 3
Prev: #20
0.7 no change no change
P
S
106,409 $8,991,561 2004 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
AMH
American Homes ...
Real Estate 1.62% 1.18% #24 4
Prev: #28
2.8 87,446 45.8%
P
S
278,512 $8,940,235 2014 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
MYRG
MYR Group Inc.
Industrials 1.41% 1.35% #25 3
Prev: #22
0.6 no change no change
P
S
35,554 $7,768,549 2015 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
CMA
Comerica Inc.
Financial Services 0.00% 2.03%
Sold All 😨
(Was: #17)
0.3 -156,314 -100.0%
CLOSED
$— 2012 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
SEB
Seaboard Corp.
Industrials 0.00% 0.71%
Sold All 😨
(Was: #45)
0.3 -1,015 -100.0%
CLOSED
$— 2016 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
VC
Visteon Corp.
Consumer Cyclical 0.00% 0.23%
Sold All 😨
(Was: #49)
0.3 -10,298 -100.0%
CLOSED
$— 2015 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
Showing 1-25 of 54 holdings

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