THIRD AVENUE MANAGEMENT LLC

CIK: 0001099281SEC EDGAR →

Portfolio Value

$550.2M

Holdings

51

As of

Q4 2025

New Positions

4

Closed Positions

3

Portfolio Value History

Top 10 Holdings

RankStockSharesValue% of Portfolio
1

Warrior Met Coal Inc.

583,320$51.4M
9.35%
2

Tidewater Inc.

873,071$44.1M
8.01%
3

Boise Cascade Company

429,999$31.6M
5.75%
4

Valaris Ltd.

584,373$29.5M
5.35%
5

Brookfield Corp.

548,119$25.2M
4.57%
6

CBRE Group, Inc.

146,835$23.6M
4.29%
7

Five Point Holdings LLC - CL A

4,113,917$23.0M
4.18%
8

Prologis Inc.

145,451$18.6M
3.37%
9

Rogers Corp.

199,474$18.3M
3.32%
10

Lennar Corp - Class B

148,008$14.1M
2.56%

Quarterly Changes

Top Buys

DBNEW
$13.0M
BCC↑ Increased
$10.5M
FNF↑ Increased
$4.0M
LEN↑ Increased
$4.0M
FSVNEW
$2.9M

Top Sells

CMACLOSED
$10.8M
HCC↓ Decreased
$9.1M
TDW↓ Decreased
$3.8M
JLL↓ Decreased
$3.8M
SEBCLOSED
$3.8M

New Positions (4)

$13.0M · 337K shares
$2.9M · 19K shares
$2.7M · 217K shares
$380K · 12K shares

Closed Positions (3)

$10.8M · 156K shares
$3.8M · 1K shares
$1.2M · 10K shares

Sector Breakdown

Sector# HoldingsValue%
Energy4$128.5M23.4%
Real Estate11$117.2M21.3%
Financial Services12$100.7M18.3%
Consumer Cyclical5$51.0M9.3%
Basic Materials3$48.2M8.8%
Unknown4$37.9M6.9%
Industrials6$30.7M5.6%
Healthcare2$18.8M3.4%
Technology2$9.1M1.7%
Communication Services2$8.0M1.5%