Third Avenue Management 13F, Q4 2023
Third Avenue Management · quarter ending 31 December 2023 · filed 14 February 2024 · SEC CIK 1099281
Common stock only: shares the fund reported owning at the quarter end, valued as filed.
Largest positions, Q4 2023
The 25 largest of 59 positions. Weights are against the whole filed book. Changes are in shares held, against the Q3 2023 filing.
| Company | Ticker | Value | % of book | vs Q3 2023 |
|---|---|---|---|---|
| Warrior Met Coal Inc. | HCC | $59.01M | 9.7% | -24% shares |
| Tidewater Inc. | TDW | $50.74M | 8.3% | -13% shares |
| Deutsche Bank AG | $33.96M | 5.6% | unchanged | |
| Valaris Ltd. | $28.80M | 4.7% | unchanged | |
| Comerica Inc. | CMA | $26.58M | 4.4% | unchanged |
| Old Republic International Corp. | ORI | $24.33M | 4.0% | unchanged |
| Lennar Corp - Class B | LEN/B | $23.29M | 3.8% | -16% shares |
| U-Haul Holding Company | UHAL/B | $20.74M | 3.4% | -6% shares |
| Brookfield Corp. | BN | $19.59M | 3.2% | -6% shares |
| DR Horton Inc. | DHI | $18.69M | 3.1% | -23% shares |
| CBRE Group, Inc. | CBRE | $16.96M | 2.8% | unchanged |
| Prologis Inc. | PLD | $15.51M | 2.5% | -5% shares |
| Weyerhaeuser Company | WY | $12.87M | 2.1% | -15% shares |
| UMB Financial Corporation | UMBF | $12.47M | 2.0% | unchanged |
| American Homes 4 Rent | AMH | $12.17M | 2.0% | -5% shares |
| Hawaiian Holdings Inc. | $11.58M | 1.9% | -48% shares | |
| Rayonier Inc. | RYN | $11.32M | 1.9% | -19% shares |
| Inventrust Properties Corp. | IVT | $10.53M | 1.7% | -4% shares |
| Five Point Holdings LLC - CL A | FPH | $10.12M | 1.7% | -12% shares |
| Jones Lang Lasalle | JLL | $9.82M | 1.6% | -30% shares |
| MYR Group Inc. | MYRG | $9.80M | 1.6% | -16% shares |
| Encore Capital Group Inc. | ECPG | $8.66M | 1.4% | unchanged |
| Seaboard Corp. | SEB | $8.33M | 1.4% | unchanged |
| First Industrial Realty Trust, Inc. | FR | $8.16M | 1.3% | unchanged |
| Hamilton Beach Brand | HBB | $8.00M | 1.3% | -20% shares |
What changed since Q3 2023
Against the Q3 2023 filing, Third Avenue Management opened 1 new position, added to 5, trimmed 21, left 32 unchanged and exited 1. Every position is compared, matched on its CUSIP; a change of 2% or less in shares counts as unchanged.
Other quarters
Source: SEC Form 13F-HR, accession 0001099281-24-000006, 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.