Third Avenue Management portfolio
Concentrated managerInvestment firmPortfolio as of Jun 30, 2026 (Q2 2026) · filed with the SEC on Aug 12, 2026 · data updated on Nov 5, 2026 · Q2 2026 13F (filing) ↗ · all its 13F filings ↗
A 13F shows the portfolio at quarter-end and is filed up to 45 days later: these are not real-time positions and they may have changed.
Third Avenue Management reported a $625M portfolio of 54 companies (55 positions, counting each share class separately) to the SEC as of the end of Q2 2026. Its largest positions are TDW, BCC, VAL. During the quarter it opened Taylor Morrison Home and Maximus.
Sections with a free account
What changed this quarter
29 positions with a change (4 new, 12 added to, 13 trimmed); also, 2 exited through an acquisition or merger. 8 are listed here: those of 0.5 points of the portfolio or more (up to 12).
- Rogers−59%fewer sharesReduced2.6% → 1.6%
- Robert Half+34%more sharesIncreased3.7% → 5.9%
- MYR Group−55%fewer sharesReduced1.3% → 1.0%
- Warrior Met Coal−22%fewer sharesReduced5.5% → 3.7%
- Taylor Morrison Home+1.0 ppof portfolioNew— → 1.0%
- Maximus+0.6 ppof portfolioNew— → 0.6%
- Hongkong Land Holdings+0.6 ppof portfolioNew— → 0.6%
- Brookfield−18%fewer sharesReduced3.2% → 2.7%
The figure on the right: for positions added to or trimmed, the change in the number of shares (%); for new and sold ones, the points of the portfolio moved (pp). Below, the portfolio weight before → after. Traded weight: what it bought or sold, excluding price effects.
Top holdings
- TidewaterTDW10.0%
- Boise CascadeBCC7.5%
- ValarisVAL6.0%
- Robert HalfRHI5.9%
- Harley-DavidsonHOG5.8%
- Warrior Met CoalHCC3.7%
- Five Point HoldingsFPH3.1%
- CBRE GroupCBRE2.9%
- BrookfieldBN2.7%
- U-Haul HoldingUHAL/B2.6%
- PrologisPLD2.3%
- LennarLEN/B2.1%
- PultegroupPHM2.1%
- Encore Capital GroupECPG1.9%
- D.R. HortonDHI1.8%
“Since”: first quarter of the current run, unbroken until today. In the details, prices are the quarter-end prices of the quarters in which it added shares, per the 13F. The manager may have bought at any price within each quarter; the SEC only publishes the value at quarter end.
Portfolio by sector
- ● Industrials 22%
- ● Energy 18%
- ● Real Estate 17%
- ● Consumer Discretionary 15%
- ● Financials 14%
- ● Materials 7%
- ● Health Care 5%
- ● No sector 1%
- ● Communication Services 1%
- ● Information Technology 1%
How its portfolio changed (8 quarters)
Q2 2026: 55
Q2 2026: 50%
Q2 2026: 6.6%
Traded turnover: the weight it bought plus the weight it sold in the quarter, divided by two, excluding price moves. The plain “turnover” in the header does include that effect. With a free account: the full history and sectors over time.
Stakes above 5% (13D/13G)
Companies where this filer reported holding 5% or more of the shares. It is the figure from its latest filing on each one; history since December 2024.
How we classify it
Investment firm, per its Form ADV of Mar 27, 2026 (high confidence).
The data, as reported: THIRD AVENUE MANAGEMENT LLC (CRD 107545): Manages registered funds; 5.D assets by client type: registered funds 96% (of $1.6 bn)
The type comes from a rule applied to that data. If it looks wrong, tell us.
Similar managers by type and size
Same type of filer and a 13F portfolio value between a third and three times this one. It is not a comparison of what they hold.
- Avidity Partners ManagementInvestment firm · $624M
- East Coast Asset ManagementInvestment firm · $624M
- Dudley & ShanleyInvestment firm · $629M
- Lynrock LakeInvestment firm · $629M
- St. James InvestmentInvestment firm · $630M
- Robert RobottiInvestment firm · $620M