Third Avenue Management 13F, Q4 2024
Third Avenue Management · quarter ending 31 December 2024 · filed 13 February 2025 · SEC CIK 1099281
Common stock only: shares the fund reported owning at the quarter end, valued as filed.
Largest positions, Q4 2024
The 25 largest of 59 positions. Weights are against the whole filed book. Changes are in shares held, against the Q3 2024 filing.
| Company | Ticker | Value | % of book | vs Q3 2024 |
|---|---|---|---|---|
| Deutsche Bank AG | $37.67M | 7.3% | -12% shares | |
| Tidewater Inc. | TDW | $32.18M | 6.2% | +22% shares |
| Warrior Met Coal Inc. | HCC | $31.86M | 6.2% | -26% shares |
| CBRE Group, Inc. | CBRE | $22.85M | 4.4% | -5% shares |
| Brookfield Corp. | BN | $22.49M | 4.3% | -14% shares |
| Lennar Corp - Class B | LEN/B | $21.38M | 4.1% | unchanged |
| Valaris Ltd. | $18.87M | 3.6% | unchanged | |
| Comerica Inc. | CMA | $18.73M | 3.6% | -36% shares |
| Old Republic International Corp. | ORI | $16.85M | 3.3% | -9% shares |
| U-Haul Holding Company | UHAL/B | $16.00M | 3.1% | -12% shares |
| Five Point Holdings LLC - CL A | FPH | $15.60M | 3.0% | +25% shares |
| Prologis Inc. | PLD | $13.63M | 2.6% | unchanged |
| Sun Communities Inc. | SUI | $13.30M | 2.6% | unchanged |
| Jones Lang Lasalle | JLL | $13.16M | 2.5% | unchanged |
| American Homes 4 Rent | AMH | $12.02M | 2.3% | unchanged |
| UMB Financial Corporation | UMBF | $11.60M | 2.2% | -7% shares |
| DR Horton Inc. | DHI | $11.01M | 2.1% | unchanged |
| MYR Group Inc. | MYRG | $10.83M | 2.1% | unchanged |
| Investors Title Co. | ITIC | $9.27M | 1.8% | unchanged |
| Proassurance Corp. | $8.97M | 1.7% | unchanged | |
| Rayonier Inc. | RYN | $8.24M | 1.6% | unchanged |
| Encore Capital Group Inc. | ECPG | $8.17M | 1.6% | unchanged |
| First Industrial Realty Trust, Inc. | FR | $7.88M | 1.5% | unchanged |
| FRP Holdings Inc. | FRPH | $7.75M | 1.5% | unchanged |
| Prosperity Bancshares Inc. | PB | $7.70M | 1.5% | unchanged |
What changed since Q3 2024
Against the Q3 2024 filing, Third Avenue Management opened 2 new positions, added to 6, trimmed 11, left 40 unchanged and exited 2. Every position is compared, matched on its CUSIP; a change of 2% or less in shares counts as unchanged.
Exited
- LAZwas $18.26M
- Trinity Place Holdingswas $139.0K
Other quarters
Source: SEC Form 13F-HR, accession 0001099281-25-000002, 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.