THIRD AVENUE MANAGEMENT LLC
Sector Allocation
- Industrials32.3%$202.1M
- Real Estate19.3%$120.9M
- Consumer Discretionary12.6%$78.5M
- Energy12.5%$78.0M
- Financials10.9%$68.1M
- Healthcare4.5%$28.3M
- Materials3.2%$20.0M
- Technology2.0%$12.6M
- Other1.5%$9.3M
- Communication Services1.2%$7.7M
AUM History
13fpro.ai/research/fund/third-avenue-management-llc-1099281
Conviction and streaks
Diversifying · top 10 = 50.2%From the fund's last 12 quarters of 13F filings: positions held longest at size, and names it added to or trimmed several quarters running.
Largest positions — Q2 2026
TDW
$62.2MBCC
$46.7MVAL
$37.5MRHI
$37.1MHOG
$36.2MHCC
$23.2MFPH
$19.5MCBRE
$18.3MBN
$16.8MUHAL
$16.4MPLD
$14.2MLEN.B
$13.3MPHM
$13.1MECPG
$12.1MDHI
$11.3MUMBF
$11.2MSUI
$11.0MROG
$10.1MJLL
$9.9MFNF
$9.1M
Top 20 stock positions. Options are left out: 13F reports them at the underlying's value.
13fpro.ai/research/fund/third-avenue-management-llc-1099281
THIRD AVENUE MANAGEMENT LLC 13F holdings — Q2 2026
$625.3M portfolio (+1.5% QoQ) · 55 holdings · Q2 2026 13F · top 10 are 50% of the stock portfolio
$62.2M
9.9% of stocks
+1%This quarter-7.8%Since filed10+ qtrsHeld$46.7M
7.5% of stocks
+7%This quarter-10.5%Since filed4 qtrsHeldAIQuality44.3#1,932Est. buyEstimated buy price is Pro: unlock with a free trialAdded 4 qtrs in a row$37.5M
6.0% of stocks
+2%This quarter+16.4%Since filed10+ qtrsHeld$37.1M
5.9% of stocks
+34%This quarter+8.3%Since filed2 qtrsHeldAIQuality46.5#1,835Est. buyEstimated buy price is Pro: unlock with a free trialAdded 2 qtrs in a row$36.2M
5.8% of stocks
+1%This quarter+11.1%Since filed2 qtrsHeldAIQuality37.2#2,241Est. buyEstimated buy price is Pro: unlock with a free trialAdded 2 qtrs in a row$23.2M
3.7% of stocks
-22%This quarter-11.9%Since filed10+ qtrsHeldAIQualityAI quality score is Pro: unlock with a free trialEst. buyEstimated buy price is Pro: unlock with a free trialTrimmed 3 qtrs in a row$19.5M
3.1% of stocks
-4%This quarter-19.7%Since filed10+ qtrsHeldAIQualityAI quality score is Pro: unlock with a free trialEst. buyEstimated buy price is Pro: unlock with a free trialTrimmed 2 qtrs in a row$18.3M
2.9% of stocks
-0.3%This quarter-16.6%Since filed10+ qtrsHeld$16.8M
2.7% of stocks
-18%This quarter-15.1%Since filed10+ qtrsHeldAIQualityAI quality score is Pro: unlock with a free trialEst. buyEstimated buy price is Pro: unlock with a free trialTrimmed 3 qtrs in a row$16.4M
2.6% of stocks
-0.2%This quarter-25.2%Since filed10+ qtrsHeld
All holdings — THIRD AVENUE MANAGEMENT LLC (Q2 2026)
55 disclosed positions from the Form 13F-HR on SEC EDGAR, with quarter-over-quarter share changes. Largest by value first; the ten above are not repeated.
| # | Company | Held | Source | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 11 | Prologis, Inc. | Real Estate | $14.2M | 2.3% | 105K | -17% | 10+ qtrsTrimmed 2 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 12 | LENNAR CORP /NEW/ | Industrials | $13.3M | 2.1% | 150K | +5% | 10+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 13 | PULTEGROUP INC/MI/ | Industrials | $13.1M | 2.1% | 95K | -0.0% | 6 qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 14 | ENCORE CAPITAL GROUP INC | Financials | $12.1M | 1.9% | 130K | -9% | 10+ qtrsTrimmed 2 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 15 | HORTON D R INC /DE/ | Industrials | $11.3M | 1.8% | 69K | -6% | 10+ qtrsTrimmed 2 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 16 | UMB FINANCIAL CORP | Financials | $11.2M | 1.8% | 78K | — | 10+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 17 | SUN COMMUNITIES INC | Real Estate | $11.0M | 1.8% | 91K | -0.0% | 10+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 18 | ROGERS CORP | Materials | $10.1M | 1.6% | 62K | -59% | 4 qtrsTrimmed 2 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 19 | JONES LANG LASALLE INC | Real Estate | $9.9M | 1.6% | 32K | -1% | 10+ qtrsTrimmed 3 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 20 | Fidelity National Financial, Inc. | Financials | $9.1M | 1.5% | 193K | -0.2% | 10+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 21 | Champion Homes, Inc. | Industrials | $8.9M | 1.4% | 101K | -0.2% | 5 qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 22 | FirstService Corp | Real Estate | $8.8M | 1.4% | 62K | +23% | 3 qtrsAdded 3 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 23 | American Homes 4 Rent | Real Estate | $8.8M | 1.4% | 262K | -0.2% | 10+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 24 | OCTAVE SPECIALTY GROUP INC | Financials | $8.4M | 1.3% | 1.34M | +0.0% | 7 qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 25 | Brookdale Senior Living Inc. | Healthcare | $8.0M | 1.3% | 495K | +7% | 2 qtrsAdded 2 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 26 | $PB | PROSPERITY BANCSHARES INC | Financials | $7.5M | 1.2% | 102K | — | |||
| 27 | $ICFI | ICF International, Inc. | Technology | $7.2M | 1.1% | 99K | +38% | |||
| 28 | $SUPN | SUPERNUS PHARMACEUTICALS, INC. | Healthcare | $7.1M | 1.1% | 153K | — | |||
| 29 | $ALG | ALAMO GROUP INC | Industrials | $7.0M | 1.1% | 42K | +23% | |||
| 30 | $COLL | COLLEGIUM PHARMACEUTICAL, INC | Healthcare | $6.6M | 1.1% | 183K | +18% | |||
| 31 | $CPRX | CATALYST PHARMACEUTICALS, INC. | Healthcare | $6.6M | 1.1% | 210K | — | |||
| 32 | $MYRG | MYR GROUP INC. | Energy | $6.5M | 1.1% | 13K | -55% | |||
| 33 | $BATRA | Atlanta Braves Holdings, Inc. | Communication Services | $6.3M | 1.0% | 112K | -32% | |||
| 34 | $TMHC | Taylor Morrison Home Corp | Industrials | $6.2M | 1.0% | 86K | New | |||
| 35 | $ITIC | INVESTORS TITLE CO | Financials | $6.0M | 1.0% | 22K | — | |||
| 36 | $PBF | PBF Energy Inc. | Energy | $6.0M | 0.9% | 131K | — | |||
| 37 | $WCC | WESCO INTERNATIONAL INC | Consumer Discretionary | $5.9M | 0.9% | 17K | -12% | |||
| 38 | $KALU | KAISER ALUMINUM CORP | Materials | $5.8M | 0.9% | 30K | -0.1% | |||
| 39 | $UNF | UNIFIRST CORP | Consumer Discretionary | $5.5M | 0.9% | 21K | -27% | |||
| 40 | $QLYS | QUALYS, INC. | Technology | $5.4M | 0.9% | 39K | — | |||
| 41 | $CET | CENTRAL SECURITIES CORP | Other | $5.3M | 0.8% | 102K | — | |||
| 42 | $FLG | FLAGSTAR BANK, NATIONAL ASSOCIATION | Financials | $4.9M | 0.8% | 331K | — | |||
| 43 | $SD | SANDRIDGE ENERGY INC | Energy | $4.8M | 0.8% | 353K | +7% | |||
| 44 | $OCFC | OCEANFIRST FINANCIAL CORP | Financials | $4.8M | 0.8% | 247K | — | |||
| 45 | $FR | FIRST INDUSTRIAL REALTY TRUST INC | Real Estate | $4.8M | 0.8% | 77K | -4% | |||
| 46 | $LXU | LSB INDUSTRIES, INC. | Materials | $4.1M | 0.7% | 381K | — | |||
| 47 | $SBSI | SOUTHSIDE BANCSHARES INC | Financials | $4.1M | 0.7% | 117K | — | |||
| 48 | $BXC | BlueLinx Holdings Inc. | Consumer Discretionary | $4.0M | 0.6% | 64K | — | |||
| 49 | $MMS | MAXIMUS, INC. | Industrials | $4.0M | 0.6% | 74K | New | |||
| 50 | — | Hongkong Land Holdings Ltd - COM | — | $3.9M | 0.6% | 550K | New | |||
| 51 | $WY | WEYERHAEUSER CO | Real Estate | $3.9M | 0.6% | 162K | -0.2% | |||
| 52 | $CRAI | CRA INTERNATIONAL, INC. | Industrials | $3.0M | 0.5% | 21K | New | |||
| 53 | $FRPH | FRP HOLDINGS, INC. | Real Estate | $2.7M | 0.4% | 107K | — | |||
| 54 | $COMP | Compass, Inc. | Real Estate | $2.3M | 0.4% | 187K | — | |||
| 55 | $BATRA | Atlanta Braves Holdings, Inc. | Communication Services | $1.4M | 0.2% | 26K | -0.3% |
What changed in Q2 2026
Against the previous quarter's 13F: 4 new, 13 added to, 23 trimmed, 2 sold out. Share-count changes; largest moves by dollar size first.
New positions (4)
Added to (13)
now $37.1M · held 2 qtrs, 2 adds in a row
now $46.7M · held 4 qtrs, 4 adds in a row
$ICFIICF International, Inc.+38%
now $7.2M · held 10+ qtrs, 3 adds in a row
$FSVFirstService Corp+23%
now $8.8M · held 3 qtrs, 3 adds in a row
$ALGALAMO GROUP INC+23%
now $7.0M · held 10+ qtrs, 3 adds in a row
$COLLCOLLEGIUM PHARMACEUTICAL, INC+18%
now $6.6M · held 10+ qtrs
+7 more in the Excel export
Trimmed (23)
now $10.1M · held 4 qtrs, 2 trims in a row
$MYRGMYR GROUP INC.-55%
now $6.5M · held 10+ qtrs, 2 trims in a row
now $23.2M · held 10+ qtrs, 3 trims in a row
now $16.8M · held 10+ qtrs, 3 trims in a row
$BATRAAtlanta Braves Holdings, Inc.-32%
now $6.3M · held 10+ qtrs
now $14.2M · held 10+ qtrs, 2 trims in a row
+17 more in the Excel export
Holdings by quarter
Every 13F THIRD AVENUE MANAGEMENT LLC has filed, 39 earlier quarters. Pick one to see what it held then.
Is it too late to follow THIRD AVENUE MANAGEMENT?
Q2 2026 13F filed with the SEC on Aug 12, 2026. Prices are closing prices as of Oct 26, 2026.
Average quality of THIRD AVENUE MANAGEMENT's top 20 holdings: 52/100 (our AI quality score, weighted by position size; 18 of the 20 are scored)
Top 10 since filing
-4.1%
Value-weighted move of the 10 largest stock positions
Turnover
6%
Last quarter; 37% over the last 4
Top 10 weight
50%
Share of the stock portfolio in its 10 largest positions
Held 4+ quarters
80%
Share of portfolio value in positions held a year or more
Highest-quality names it owns(among its 100 largest positions)
The 8 highest-scoring companies in this portfolio are a Pro feature.
How these are measured
- Moves since the quarter-end and since the filing date use our own daily closing prices, from the close on (or just before) each date to the latest close.
- Turnover is the lesser of shares bought or sold in a quarter, valued at the quarter-end prices in the 13F, divided by the average of the two quarters' stock portfolio values.
- Quarters held and add/trim streaks count back only through quarters whose filed holdings add up to the filing's own cover-page total (back to Q1 2024 for this fund). A change counts as an add or a trim when the split-adjusted share count moves by more than 1%.
- Estimate, not the fund's reported cost. For each quarter in the current holding period in which the fund's share count rose (split-adjusted), we take that quarter's average daily close and weight it by the shares added; sales do not change an average cost. Quarters where the stock's price history and the 13F's own implied price disagree by more than 2x are left out.
- Put and call option rows report the value of the underlying shares, not a position the fund paid for, so they are left out of all of the above.
Portfolio Overview
THIRD AVENUE MANAGEMENT LLC disclosed 55 positions worth $625.3M in its Form 13F-HR for Q2 2026, led by $TDW (TIDEWATER INC) at 9.9% of the equity portfolio, followed by $BCC and $VAL. During the quarter the fund opened 4 new positions and exited 2 — including a new stake in $TMHC and a full exit from $TPH. The portfolio is most concentrated in Industrials (32.3% of disclosed assets). All figures are sourced directly from THIRD AVENUE MANAGEMENT LLC’s Form 13F-HR filing with the SEC under CIK 1099281.
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