Third Avenue Management 13F, Q2 2024
Third Avenue Management · quarter ending 30 June 2024 · filed 13 August 2024 · SEC CIK 1099281
Common stock only: shares the fund reported owning at the quarter end, valued as filed.
Largest positions, Q2 2024
The 25 largest of 59 positions. Weights are against the whole filed book. Changes are in shares held, against the Q1 2024 filing.
| Company | Ticker | Value | % of book | vs Q1 2024 |
|---|---|---|---|---|
| Tidewater Inc. | TDW | $48.54M | 8.3% | unchanged |
| Warrior Met Coal Inc. | HCC | $47.98M | 8.2% | unchanged |
| Deutsche Bank AG | $39.65M | 6.8% | unchanged | |
| Valaris Ltd. | $31.30M | 5.4% | unchanged | |
| Old Republic International Corp. | ORI | $25.58M | 4.4% | unchanged |
| Comerica Inc. | CMA | $24.32M | 4.2% | unchanged |
| Lennar Corp - Class B | LEN/B | $22.56M | 3.9% | -3% shares |
| Lazard Ltd. | LAZ | $21.03M | 3.6% | unchanged |
| Brookfield Corp. | BN | $20.13M | 3.5% | unchanged |
| U-Haul Holding Company | UHAL/B | $17.08M | 2.9% | -3% shares |
| CBRE Group, Inc. | CBRE | $16.29M | 2.8% | unchanged |
| DR Horton Inc. | DHI | $14.94M | 2.6% | -14% shares |
| Prologis Inc. | PLD | $14.48M | 2.5% | +10% shares |
| Sun Communities Inc. | SUI | $12.97M | 2.2% | +24% shares |
| UMB Financial Corporation | UMBF | $12.45M | 2.1% | unchanged |
| American Homes 4 Rent | AMH | $11.91M | 2.0% | -6% shares |
| Jones Lang Lasalle | JLL | $10.67M | 1.8% | unchanged |
| Weyerhaeuser Company | WY | $9.79M | 1.7% | -7% shares |
| Five Point Holdings LLC - CL A | FPH | $9.70M | 1.7% | unchanged |
| MYR Group Inc. | MYRG | $9.20M | 1.6% | unchanged |
| Rayonier Inc. | RYN | $9.19M | 1.6% | -7% shares |
| First Industrial Realty Trust, Inc. | FR | $7.47M | 1.3% | unchanged |
| Seaboard Corp. | SEB | $7.38M | 1.3% | unchanged |
| FRP Holdings Inc. | FRPH | $7.22M | 1.2% | +100% shares |
| Encore Capital Group Inc. | ECPG | $7.12M | 1.2% | unchanged |
What changed since Q1 2024
Against the Q1 2024 filing, Third Avenue Management opened 2 new positions, added to 6, trimmed 10, left 41 unchanged and exited 1. Every position is compared, matched on its CUSIP; a change of 2% or less in shares counts as unchanged.
Exited
- Hawaiian Holdings Inc.was $9.14M
Other quarters
Source: SEC Form 13F-HR, accession 0001099281-24-000008, 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.