Third Avenue Management 13F, Q3 2023
Third Avenue Management · quarter ending 30 September 2023 · filed 15 November 2023 · SEC CIK 1099281
Common stock only: shares the fund reported owning at the quarter end, valued as filed.
Largest positions, Q3 2023
The 25 largest of 59 positions. Weights are against the whole filed book. Changes are in shares held, against the Q2 2023 filing.
| Company | Ticker | Value | % of book | vs Q2 2023 |
|---|---|---|---|---|
| Warrior Met Coal Inc. | HCC | $64.71M | 10.8% | -6% shares |
| Tidewater Inc. | TDW | $58.49M | 9.8% | -26% shares |
| Valaris Ltd. | $32.04M | 5.4% | unchanged | |
| Deutsche Bank AG | $27.26M | 4.6% | -19% shares | |
| Old Republic International Corp. | ORI | $22.54M | 3.8% | unchanged |
| Lennar Corp - Class B | LEN/B | $21.46M | 3.6% | -4% shares |
| Comerica Inc. | CMA | $19.42M | 3.3% | -17% shares |
| DR Horton Inc. | DHI | $17.30M | 2.9% | -4% shares |
| Lazard Ltd. | $17.07M | 2.9% | unchanged | |
| Brookfield Corp. | BN | $16.69M | 2.8% | unchanged |
| U-Haul Holding Company | UHAL/B | $16.64M | 2.8% | unchanged |
| Prologis Inc. | PLD | $13.76M | 2.3% | -19% shares |
| Weyerhaeuser Company | WY | $13.28M | 2.2% | -10% shares |
| CBRE Group, Inc. | CBRE | $13.26M | 2.2% | unchanged |
| American Homes 4 Rent | AMH | $12.03M | 2.0% | unchanged |
| Lowe's Companies Inc. | LOW | $11.84M | 2.0% | unchanged |
| Rayonier Inc. | RYN | $11.81M | 2.0% | -6% shares |
| MYR Group Inc. | MYRG | $11.00M | 1.9% | unchanged |
| Five Point Holdings LLC - CL A | FPH | $10.86M | 1.8% | unchanged |
| Jones Lang Lasalle | JLL | $10.42M | 1.8% | unchanged |
| Inventrust Properties Corp. | IVT | $10.30M | 1.7% | unchanged |
| Hawaiian Holdings Inc. | $10.20M | 1.7% | unchanged | |
| UMB Financial Corporation | UMBF | $9.19M | 1.5% | unchanged |
| Seaboard Corp. | SEB | $8.80M | 1.5% | unchanged |
| Proassurance Corp. | $8.36M | 1.4% | unchanged |
What changed since Q2 2023
Against the Q2 2023 filing, Third Avenue Management opened 3 new positions, added to 6, trimmed 11, left 39 unchanged and exited 2. Every position is compared, matched on its CUSIP; a change of 2% or less in shares counts as unchanged.
Exited
- Liberty Media Corp. - Braves Awas $6.73M
- Chase Corp.was $4.87M
Other quarters
Source: SEC Form 13F-HR, accession 0001099281-23-000016, filed by THIRD AVENUE MANAGEMENT LLC. Values are as filed and cover US-listed positions only; a 13F does not show short positions or holdings outside the US. A 13F may be filed up to 45 days after the quarter ends, so the fund may have traded since. Educational information, not financial advice.