Third Avenue Management 13F, Q1 2024
Third Avenue Management · quarter ending 31 March 2024 · filed 13 May 2024 · SEC CIK 1099281
Common stock only: shares the fund reported owning at the quarter end, valued as filed.
Largest positions, Q1 2024
The 25 largest of 58 positions. Weights are against the whole filed book. Changes are in shares held, against the Q4 2023 filing.
| Company | Ticker | Value | % of book | vs Q4 2023 |
|---|---|---|---|---|
| Tidewater Inc. | TDW | $47.12M | 7.5% | -27% shares |
| Warrior Met Coal Inc. | HCC | $46.38M | 7.4% | -21% shares |
| Deutsche Bank AG | $39.16M | 6.3% | unchanged | |
| Valaris Ltd. | $31.60M | 5.0% | unchanged | |
| Comerica Inc. | CMA | $26.18M | 4.2% | unchanged |
| Lennar Corp - Class B | LEN/B | $25.79M | 4.1% | -4% shares |
| Old Republic International Corp. | ORI | $25.42M | 4.1% | unchanged |
| Lazard Ltd. | LAZ | $23.05M | 3.7% | new |
| Brookfield Corp. | BN | $20.29M | 3.2% | unchanged |
| DR Horton Inc. | DHI | $20.24M | 3.2% | unchanged |
| U-Haul Holding Company | UHAL/B | $19.63M | 3.1% | unchanged |
| CBRE Group, Inc. | CBRE | $17.72M | 2.8% | unchanged |
| Prologis Inc. | PLD | $15.22M | 2.4% | unchanged |
| Weyerhaeuser Company | WY | $13.32M | 2.1% | unchanged |
| UMB Financial Corporation | UMBF | $12.99M | 2.1% | unchanged |
| American Homes 4 Rent | AMH | $12.49M | 2.0% | unchanged |
| MYR Group Inc. | MYRG | $11.98M | 1.9% | unchanged |
| Rayonier Inc. | RYN | $11.28M | 1.8% | unchanged |
| Sun Communities Inc. | SUI | $11.21M | 1.8% | +72% shares |
| Five Point Holdings LLC - CL A | FPH | $10.34M | 1.6% | unchanged |
| Jones Lang Lasalle | JLL | $10.14M | 1.6% | unchanged |
| Kaiser Aluminum Corp. | KALU | $9.90M | 1.6% | unchanged |
| Hawaiian Holdings Inc. | $9.14M | 1.5% | -16% shares | |
| First Industrial Realty Trust, Inc. | FR | $8.16M | 1.3% | unchanged |
| Proassurance Corp. | $7.88M | 1.3% | +38% shares |
What changed since Q4 2023
Against the Q4 2023 filing, Third Avenue Management opened 1 new position, added to 5, trimmed 10, left 42 unchanged and exited 2. 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 0001099281-24-000007, 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.