Portfolio holdings of Third Avenue Management. Third Avenue Management stock picks:. Stock Holdings page.
Third Avenue Management
Period: Q4 2025
Portfolio date: 31 Dec 2025
No. of stocks: 51
Portfolio value: $550,217,000
| History | Stock | % of Portfolio |
RecentActivity | Shares | ReportedPrice* | Value | Current Price |
+/-Reported Price |
52Week Low |
52Week High |
|
| ≡ | HCC - Warrior Met Coal Inc. | 9.35 | Reduce 9.13% | 583,320 | $88.17 | $51,431,000 | $88.84 | 0.76% | $40.67 | $105.25 | |
| ≡ | TDW - Tidewater Inc. | 8.01 | Reduce 0.18% | 873,071 | $50.51 | $44,099,000 | $84.92 | 68.13% | $32.64 | $89.00 | |
| ≡ | BCC - Boise Cascade Company | 5.75 | Add 57.10% | 429,999 | $73.60 | $31,648,000 | $82.10 | 11.55% | $64.78 | $97.17 | |
| ≡ | VAL - Valaris plc | 5.35 | Reduce 0.21% | 584,373 | $50.40 | $29,452,000 | $90.13 | 78.83% | $30.45 | $105.35 | |
| ≡ | BN - Brookfield Corp. | 4.57 | Reduce 3.39% | 548,119 | $45.89 | $25,153,000 | $46.16 | 0.59% | $32.38 | $49.48 | |
| ≡ | CBRE - CBRE Group | 4.29 | Reduce 5.07% | 146,835 | $160.79 | $23,610,000 | $152.72 | -5.02% | $116.52 | $174.27 | |
| ≡ | FPH - Five Point Holdings LLC | 4.18 | 4,113,917 | $5.59 | $22,997,000 | $5.06 | -9.48% | $4.72 | $6.64 | ||
| ≡ | PLD - Prologis Inc. | 3.37 | Add 0.04% | 145,451 | $127.66 | $18,568,000 | $141.06 | 10.50% | $95.45 | $145.44 | |
| ≡ | ROG - Rogers Corp. | 3.32 | Add 0.05% | 199,474 | $91.57 | $18,266,000 | $121.93 | 33.15% | $53.96 | $127.67 | |
| ≡ | LEN.B - Lennar Corp. CL B | 2.56 | Add 0.11% | 148,008 | $95.12 | $14,079,000 | $91.90 | -3.39% | $80.49 | $136.11 | |
| ≡ | DB - Deutsche Bank AG | 2.36 | Buy | 337,193 | $38.56 | $13,002,000 | $32.50 | -15.72% | $23.25 | $40.43 | |
| ≡ | UHAL.B - U Haul Holding Co Non Voting | 2.20 | Add 0.01% | 259,246 | $46.74 | $12,117,000 | $49.31 | 5.50% | $39.62 | $59.90 | |
| ≡ | SUI - Sun Communities Inc. | 2.18 | Add 0.14% | 96,922 | $123.91 | $12,010,000 | $127.61 | 2.99% | $112.33 | $136.63 | |
| ≡ | PHM - PulteGroup Inc. | 2.15 | Add 4.05% | 100,684 | $117.26 | $11,806,000 | $128.92 | 9.94% | $94.18 | $144.19 | |
| ≡ | JLL - Jones Lang Lasalle Inc. | 2.10 | Reduce 33.45% | 34,351 | $336.47 | $11,558,000 | $349.58 | 3.90% | $207.92 | $363.06 | |
| ≡ | DHI - D.R. Horton | 2.05 | Add 0.15% | 78,194 | $144.03 | $11,262,000 | $161.16 | 11.89% | $113.20 | $183.45 | |
| ≡ | FNF - Fidelity National Financial Inc. | 2.04 | Add 73.04% | 205,320 | $54.59 | $11,208,000 | $50.43 | -7.62% | $42.78 | $60.66 | |
| ≡ | KALU - Kaiser Aluminum Corp. | 1.78 | Reduce 4.66% | 85,363 | $114.86 | $9,805,000 | $163.85 | 42.65% | $51.47 | $163.85 | |
| ≡ | COLL - Collegium Pharmaceutical Inc. | 1.71 | 203,401 | $46.30 | $9,417,000 | $32.99 | -28.75% | $25.87 | $50.79 | ||
| ≡ | SUPN - Supernus Pharmaceuticals | 1.71 | 189,493 | $49.70 | $9,418,000 | $50.03 | 0.66% | $29.16 | $59.68 | ||
| ≡ | ECPG - Encore Capital Group Inc. | 1.69 | 171,022 | $54.35 | $9,295,000 | $83.27 | 53.21% | $30.32 | $83.72 | ||
| ≡ | UMBF - UMB Financial Corp. | 1.64 | Reduce 19.76% | 78,245 | $115.04 | $9,001,000 | $122.73 | 6.68% | $89.64 | $135.60 | |
| ≡ | SKY - Skyline Champion Corp. | 1.63 | 106,409 | $84.50 | $8,992,000 | $81.62 | -3.41% | $59.44 | $99.17 | ||
| ≡ | AMH - American Homes 4 Rent | 1.62 | Add 45.77% | 278,512 | $32.10 | $8,940,000 | $30.05 | -6.39% | $27.22 | $38.00 | |
| ≡ | MYRG - MYR Group Inc. | 1.41 | 35,554 | $218.51 | $7,769,000 | $333.52 | 52.63% | $108.87 | $339.23 | ||
| ≡ | PRA - ProAssurance Corp. | 1.29 | Reduce 19.51% | 292,990 | $24.16 | $7,079,000 | $24.57 | 1.70% | $22.72 | $24.85 | |
| ≡ | PB - Prosperity Bancshares Inc. | 1.28 | 102,168 | $69.11 | $7,061,000 | $69.62 | 0.74% | $60.01 | $76.49 | ||
| ≡ | BATRA - Atlanta Braves Holdings Inc. Series A | 1.27 | 164,438 | $42.49 | $6,987,000 | $53.76 | 26.52% | $41.50 | $54.35 | ||
| ≡ | LXU - LSB Industries Inc. | 1.22 | 789,447 | $8.50 | $6,710,000 | $14.43 | 69.76% | $4.93 | $17.22 | ||
| ≡ | OSG - Octave Specialty Group Inc. | 1.11 | Add 29.62% | 782,093 | $7.78 | $6,085,000 | $4.66 | -40.10% | $3.88 | $10.38 | |
| ≡ | FR - First Industrial Realty Trust Inc. | 1.09 | Reduce 1.52% | 104,728 | $57.27 | $5,998,000 | $62.84 | 9.73% | $44.43 | $64.66 | |
| ≡ | UNF - UniFirst Corp. | 1.00 | Add 9.66% | 28,434 | $192.90 | $5,485,000 | $258.98 | 34.26% | $147.15 | $283.77 | |
| ≡ | ITIC - Investors Title Co. | 0.99 | Add 0.05% | 21,894 | $249.66 | $5,466,000 | $236.15 | -5.41% | $182.80 | $281.49 | |
| ≡ | CET - Central Securities Corp. | 0.94 | 101,812 | $50.71 | $5,163,000 | $52.90 | 4.32% | $39.55 | $53.40 | ||
| ≡ | WCC - WESCO International Inc. | 0.90 | Add 1.01% | 20,295 | $244.64 | $4,965,000 | $315.06 | 28.79% | $145.90 | $327.71 | |
| ≡ | TPH - TRI Pointe Group | 0.89 | 155,855 | $31.47 | $4,905,000 | $46.88 | 48.97% | $28.72 | $46.99 | ||
| ≡ | SD - SandRidge Energy Inc. | 0.87 | Add 0.04% | 330,818 | $14.43 | $4,774,000 | $15.01 | 4.02% | $8.74 | $18.32 | |
| ≡ | ICFI - ICF International Inc. | 0.82 | Add 12.42% | 52,864 | $85.29 | $4,509,000 | $68.43 | -19.77% | $64.34 | $101.17 | |
| ≡ | RYN - Rayonier Inc. | 0.74 | Reduce 13.63% | 188,340 | $21.65 | $4,078,000 | $20.90 | -3.46% | $19.49 | $25.15 | |
| ≡ | WY - Weyerhaeuser Co. | 0.74 | Add 5.97% | 171,582 | $23.69 | $4,065,000 | $24.78 | 4.60% | $20.78 | $27.51 | |
| ≡ | ALG - Alamo Group Inc. | 0.73 | Add 61.47% | 24,009 | $167.85 | $4,030,000 | $168.78 | 0.55% | $155.72 | $232.05 | |
| ≡ | BXC - BlueLinx Holdings Inc. | 0.72 | Add 38.79% | 64,339 | $61.42 | $3,952,000 | $56.28 | -8.37% | $44.78 | $88.30 | |
| ≡ | CTLP - Cantaloupe Inc. | 0.71 | 370,013 | $10.62 | $3,930,000 | $10.78 | 1.51% | $7.33 | $11.16 | ||
| ≡ | PBF - PBF Energy Inc. | 0.65 | 131,050 | $27.12 | $3,554,000 | $40.44 | 49.12% | $14.93 | $52.18 | ||
| ≡ | SBSI - Southside Bancshares Inc. | 0.65 | Reduce 44.19% | 116,879 | $30.39 | $3,552,000 | $32.62 | 7.34% | $25.70 | $34.00 | |
| ≡ | OCFC - OceanFirst Financial Corp. | 0.63 | Add 18.77% | 192,807 | $17.95 | $3,461,000 | $18.75 | 4.46% | $14.99 | $20.39 | |
| ≡ | FSV - Firstservice Corp | 0.53 | Buy | 18,714 | $155.55 | $2,911,000 | $148.68 | -4.42% | $133.12 | $208.52 | |
| ≡ | FLG - Flagstar Financial Inc. | 0.50 | Buy | 217,305 | $12.59 | $2,736,000 | $14.22 | 12.95% | $10.36 | $14.91 | |
| ≡ | FRPH - FRP Holdings Inc. | 0.44 | Reduce 39.83% | 107,429 | $22.79 | $2,448,000 | $21.57 | -5.35% | $20.53 | $28.45 | |
| ≡ | BATRK - Atlanta Braves Holdings Inc. Series C | 0.19 | 26,104 | $39.46 | $1,030,000 | $48.61 | 23.19% | $37.76 | $49.13 | ||
| ≡ | FG - F&G Annuities & Life Inc. | 0.07 | Buy | 12,319 | $30.85 | $380,000 | $27.18 | -11.90% | $20.34 | $35.79 |
* Reported Price is the price of the security as of the portfolio date. This value is significant in that it is the last known price at which the security was still held.
Sector % analysis
| Financials | 42.32 | |
| Energy | 13.36 | |
| Industrial Goods | 12.56 | |
| Real Estate | 6.89 | |
| Consumer Discretionary | 6.83 | |
| Materials | 4.04 | |
| Technology | 4.03 | |
| Industrials | 3.74 | |
| Health Care | 3.42 | |
| Services | 2.80 |
Articles & Commentaries
10 Feb 2026 Third Avenue Value Fund Q4 2025 Commentary
11 Nov 2025 Third Avenue Value Fund Q3 2025 Commentary
01 Aug 2025 Third Avenue Value Fund Q2 2025 Commentary
22 Apr 2025 Third Avenue Value Fund Q1 2025 Commentary
22 Nov 2024 Undervalued auto OEM and offshore energy with Matthew Fine, Portfolio Manager Third Avenue
25 Oct 2024 Third Avenue Value Fund Q3 2024 Commentary
06 Aug 2024 Third Avenue Value Fund Q2 2024 Commentary
30 May 2024 Podcast Interview with Victor Cunningham of Third Avenue Management discussing small-cap value investing
06 May 2024 Third Avenue Value Fund Q1 2024 Commentary
26 Jan 2024 Third Avenue Value Fund Q4 2023 Commentary
05 Oct 2023 Value Equities Time to Fly: Citywire interview with Matthew Fine of Third Avenue Management
09 Aug 2023 Third Avenue Small-Cap Value PM, Vic Cunningham, discusses his stock picks: TDW, BATRA, HBB, UMBF
21 Jan 2022 Third Avenue Value fund Q4 2021 Commentary
27 Oct 2021 Third Avenue Value fund Q3 2021 Commentary