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Third Avenue Management's 2025Q4 portfolio

Third Avenue Management (Third Avenue Management) held 47 positions as of Dec 31, 2025, with the largest position at 9.3% of the portfolio.

Showing positions still held at the most recent quarter so their historical weights can be reconstructed. Positions that were held in 2025Q4but have since been exited aren't included in this table — for a full point-in-time reconstruction, use the SEC EDGAR filing directly.

Holdings as of Dec 31, 2025 (47)

  1. 1HCCWarrior Met Coal Inc
    % port
    9.3%
    +1.4pp vs prior Qnow 5.5%
  2. 2TDWTidewater Inc
    % port
    8.0%
    -1.0pp vs prior Qnow 12.5%
  3. 3BCCBoise Cascade CO
    % port
    5.8%
    +1.8pp vs prior Qnow 6.9%
  4. 4VALValaris Ltd.
    % port
    5.4%
    -0.3pp vs prior Qnow 8.1%
  5. 5BNBrookfield Corp
    % port
    4.6%
    -0.2pp vs prior Qnow 3.2%
  6. 6CBRECbre Group Inc - A
    % port
    4.3%
    -0.3pp vs prior Qnow 3.0%
  7. 7FPHFive Point Holdings Llc-cl A
    % port
    4.2%
    -0.6pp vs prior Qnow 3.0%
  8. 8PLDPrologis Inc
    % port
    3.4%
    +0.2pp vs prior Qnow 2.7%
  9. 9ROGRogers Corp
    % port
    3.3%
    +0.3pp vs prior Qnow 2.6%
  10. 10LEN/BLennar Corp - B Shs
    % port
    2.6%
    -0.8pp vs prior Qnow 2.0%
  11. 11UHAL/BU-haul Holding Co-non Voting
    % port
    2.2%
    -0.3pp vs prior Qnow 2.1%
  12. 12SUISun Communities Inc
    % port
    2.2%
    -0.2pp vs prior Qnow 1.9%
  13. 13PHMPultegroup Inc
    % port
    2.1%
    -0.3pp vs prior Qnow 1.8%
  14. 14JLLJones Lang Lasalle Inc
    % port
    2.1%
    -0.8pp vs prior Qnow 1.6%
  15. 15DHIDR Horton Inc
    % port
    2.0%
    -0.5pp vs prior Qnow 1.6%
  16. 16FNFFidelity National Financial
    % port
    2.0%
    +0.7pp vs prior Qnow 1.5%
  17. 17KALUKaiser Aluminum Corp
    % port
    1.8%
    +0.5pp vs prior Qnow 0.6%
  18. 18SUPNSupernus Pharmaceuticals Inc
    % port
    1.7%
    now 1.3%
  19. 19COLLCollegium Pharmaceutical Inc
    % port
    1.7%
    +0.4pp vs prior Qnow 0.8%
  20. 20ECPGEncore Capital Group Inc
    % port
    1.7%
    +0.4pp vs prior Q
  21. 21UMBFUmb Financial Corp
    % port
    1.6%
    -0.5pp vs prior Qnow 1.4%
  22. 22SKYChampion Homes Inc
    % port
    1.6%
    now 1.2%
  23. 23AMHAmerican Homes 4 Rent- A
    % port
    1.6%
    +0.4pp vs prior Qnow 1.2%
  24. 24MYRGMyr Group Inc/delaware
    % port
    1.4%
  25. 25PRAProassurance Corp
    % port
    1.3%
    -0.4pp vs prior Qnow 1.0%
  26. 26PBProsperity Bancshares Inc
    % port
    1.3%
    now 1.1%
  27. 27BATRAAtlanta Braves Holdings In-a
    % port
    1.3%
    -0.1pp vs prior Q
  28. 28LXULsb Industries Inc
    % port
    1.2%
    now 0.9%
  29. 29OSGOctave Specialty Group Inc
    % port
    1.1%
    +0.2pp vs prior Q
  30. 30FRFirst Industrial Realty TR
    % port
    1.1%
    now 0.8%
  31. 31UNFUnifirst Corp/ma
    % port
    1.0%
    +0.2pp vs prior Qnow 1.2%
  32. 32ITICInvestors Title CO
    % port
    1.0%
    -0.1pp vs prior Qnow 0.8%
  33. 33CETCentral Securities Corp
    % port
    0.9%
    now 0.8%
  34. 34WCCWesco International Inc
    % port
    0.9%
  35. 35TPHTri Pointe Homes Inc
    % port
    0.9%
    -0.1pp vs prior Qnow 1.2%
  36. 36SDSandridge Energy Inc
    % port
    0.9%
    +0.1pp vs prior Q
  37. 37ICFIIcf International Inc
    % port
    0.8%
  38. 38WYWeyerhaeuser CO
    % port
    0.7%
  39. 39ALGAlamo Group Inc
    % port
    0.7%
    +0.2pp vs prior Qnow 0.9%
  40. 40BXCBluelinx Holdings Inc
    % port
    0.7%
    now 0.6%
  41. 41PBFPbf Energy Inc-class A
    % port
    0.6%
    now 1.0%
  42. 42SBSISouthside Bancshares Inc
    % port
    0.6%
    -0.4pp vs prior Q
  43. 43OCFCOceanfirst Financial Corp
    % port
    0.6%
  44. 44FSVFirstservice Corp
    % port
    0.5%
    now 1.1%
  45. 45FLGFlagstar Bank NA
    % port
    0.5%
    now 0.7%
  46. 46FRPHFrp Holdings Inc
    % port
    0.4%
    -0.4pp vs prior Q
  47. 47BATRKAtlanta Braves Holdings In-c
    % port
    0.2%

13F-HR filings disclose long US-equity positions only. 13Fs don't cover shorts, bonds, derivatives, or non-US listings, so the picture here is the public part of the portfolio — not the whole.

Not investment advice.