Marty Whitman - Third Avenue Management Portfolio Holdings
As of Jun 30, 2025, the Third Avenue Management portfolio holdings is valued at approximately $484,925,755.00 featuring 52 publicly traded holdings. This in-depth profile highlights the top investments led by Tidewater Inc. (TDW), Deutsche Bank AG (DB), Warrior Met Coal Inc. (HCC), Valaris Ltd. (VAL), and others based on the company's latest SEC filings reported on Aug 13, 2025. Explore insights into portfolio composition, sector allocation, and recent trade activity.
Third Avenue Management's stock portfolio spans 52 holdings across 10 sectors, with a total market value of $484,925,755.00. The Real Estate sector represents the largest allocation, while the top holdings account for nearly 49% of the total portfolio value. Tidewater Inc. remains the single largest position at 8.3% of all equity investments.
Complete Holdings
Showing 52 of 52 holdings.
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| # | Company | Symbol | Sector | Portfolio % | Shares | Change (Shares) | Change % | Value |
|---|---|---|---|---|---|---|---|---|
| 1 | Tidewater Inc. | TDW | Energy | 8.33% | 875,157 | +65,899 | +8.14% | $40,370,992.00 |
| 2 | Deutsche Bank AG | DB | Other | 6.22% | 1,021,558 | -426,012 | -29.43% | $30,182,748.00 |
| 3 | Warrior Met Coal Inc. | HCC | Basic Materials | 6.06% | 641,684 | +28,478 | +4.64% | $29,408,378.00 |
| 4 | Valaris Ltd. | VAL | Energy | 5.09% | 585,921 | +16,082 | +2.82% | $24,673,133.00 |
| 5 | Brookfield Corp. | BN | Financial Services | 4.82% | 378,249 | - | - | $23,394,701.00 |
| 6 | CBRE Group, Inc. | CBRE | Real Estate | 4.76% | 164,710 | -399 | -0.24% | $23,079,165.00 |
| 7 | Five Point Holdings LLC - CL A | FPH | Real Estate | 4.68% | 4,125,911 | - | - | $22,692,511.00 |
| 8 | Lennar Corp - Class B | LEN-B | Consumer Cyclical | 3.21% | 148,033 | +263 | +0.18% | $15,580,473.00 |
| 9 | Prologis Inc. | PLD | Real Estate | 3.15% | 145,522 | +16,360 | +12.67% | $15,297,273.00 |
| 10 | U-Haul Holding Company | UHAL-B | Industrials | 2.91% | 259,510 | +9,645 | +3.86% | $14,109,559.00 |
| 11 | Jones Lang Lasalle | JLL | Real Estate | 2.73% | 51,690 | -300 | -0.58% | $13,221,268.00 |
| 12 | Sun Communities Inc. | SUI | Real Estate | 2.54% | 97,210 | +6,495 | +7.16% | $12,296,093.00 |
| 13 | UMB Financial Corporation | UMBF | Financial Services | 2.23% | 102,763 | -33 | -0.03% | $10,806,557.00 |
| 14 | PulteGroup Inc. | PHM | Consumer Cyclical | 2.11% | 96,931 | +33,131 | +51.93% | $10,222,343.00 |
| 15 | Comerica Inc. | CMA | Financial Services | 2.11% | 171,210 | -131,694 | -43.48% | $10,212,677.00 |
| 16 | DR Horton Inc. | DHI | Consumer Cyclical | 2.08% | 78,189 | -556 | -0.71% | $10,080,126.00 |
| 17 | MYR Group Inc. | MYRG | Industrials | 2.04% | 54,595 | -18,202 | -25.00% | $9,906,263.00 |
| 18 | Proassurance Corp. | PRA | Financial Services | 1.81% | 384,640 | -179,348 | -31.80% | $8,781,331.00 |
| 19 | Atlanta Braves Holdings Inc - A | BATRA | Communication Services | 1.67% | 164,438 | - | - | $8,091,994.00 |
| 20 | Investors Title Co. | ITIC | Financial Services | 1.56% | 35,752 | -3,167 | -8.14% | $7,554,398.00 |
| 21 | Prosperity Bancshares Inc. | PB | Financial Services | 1.48% | 102,168 | - | - | $7,176,280.00 |
| 22 | Kaiser Aluminum Corp. | KALU | Basic Materials | 1.48% | 89,535 | +9,707 | +12.16% | $7,153,847.00 |
| 23 | American Homes 4 Rent | AMH | Real Estate | 1.42% | 191,066 | -1,494 | -0.78% | $6,891,751.00 |
| 24 | FNF Group | FNF | Financial Services | 1.37% | 118,656 | - | - | $6,651,855.00 |
| 25 | Encore Capital Group Inc. | ECPG | Financial Services | 1.37% | 171,022 | - | - | $6,620,262.00 |
| 26 | First Industrial Realty Trust, Inc. | FR | Real Estate | 1.32% | 132,663 | -1,895 | -1.41% | $6,385,070.00 |
| 27 | Southside Bancshares Inc. | SBSI | Financial Services | 1.27% | 209,426 | - | - | $6,163,407.00 |
| 28 | LSB Industries Inc. | LXU | Basic Materials | 1.27% | 789,447 | - | - | $6,157,687.00 |
| 29 | Collegium Pharmaceutical Inc. | COLL | Healthcare | 1.24% | 203,401 | - | - | $6,014,568.00 |
| 30 | Supernus Pharmaceuticals, Inc. | SUPN | Healthcare | 1.23% | 189,493 | - | - | $5,972,819.00 |
| 31 | Rayonier Inc. | RYN | Real Estate | 1.18% | 258,129 | -370 | -0.14% | $5,725,301.00 |
| 32 | FRP Holdings Inc. | FRPH | Real Estate | 1.17% | 211,440 | -41,512 | -16.41% | $5,685,622.00 |
| 33 | Weyerhaeuser Company | WY | Real Estate | 1.17% | 220,849 | - | - | $5,673,611.00 |
| 34 | Tri Pointe Group Inc. | TPH | Consumer Cyclical | 1.03% | 155,830 | - | - | $4,978,769.00 |
| 35 | Central Securities Corporation | CET | Financial Services | 1.00% | 101,812 | -9,398 | -8.45% | $4,872,722.00 |
| 36 | UniFirst Corporation | UNF | Industrials | 0.91% | 23,356 | - | - | $4,396,066.00 |
| 37 | Ambac Financial Group | AMBC | Financial Services | 0.88% | 603,391 | +236,930 | +64.65% | $4,284,076.00 |
| 38 | Cantaloupe, Inc. | CTLP | Technology | 0.84% | 370,013 | +370,013 | +100.00% | $4,066,443.00 |
| 39 | ICF International, Inc. | ICFI | Industrials | 0.82% | 47,024 | - | - | $3,983,403.00 |
| 40 | Old Republic International Corp. | ORI | Financial Services | 0.78% | 98,535 | -237,853 | -70.71% | $3,787,685.00 |
| 41 | Champion Homes, Inc. | SKY | Consumer Cyclical | 0.77% | 59,865 | +59,865 | +100.00% | $3,748,148.00 |
| 42 | Wesco International | WCC | Industrials | 0.77% | 20,093 | +5,271 | +35.56% | $3,721,224.00 |
| 43 | Sandridge Energy Inc. | SD | Energy | 0.74% | 330,698 | - | - | $3,578,152.00 |
| 44 | Bluelinx Holdings Inc. | BXC | Industrials | 0.71% | 46,357 | +16,488 | +55.20% | $3,448,034.00 |
| 45 | Alamo Group, Inc. | ALG | Industrials | 0.67% | 14,869 | -10,677 | -41.80% | $3,247,092.00 |
| 46 | Seaboard Corp. | SEB | Industrials | 0.60% | 1,015 | -304 | -23.05% | $2,904,118.00 |
| 47 | OceanFirst Financial Trust | OCFC | Financial Services | 0.59% | 162,238 | +45,595 | +39.09% | $2,857,011.00 |
| 48 | PBF Energy Inc. | PBF | Energy | 0.59% | 131,050 | - | - | $2,839,854.00 |
| 49 | Hamilton Beach Brand | HBB | Consumer Cyclical | 0.48% | 131,461 | -118,508 | -47.41% | $2,351,837.00 |
| 50 | Millrose Properties, Inc. | MRP | Other | 0.30% | 50,697 | -30,193 | -37.33% | $1,445,371.00 |
| 51 | Atlanta Braves Holdings Inc - C | BATRK | Communication Services | 0.25% | 26,104 | - | - | $1,220,884.00 |
| 52 | Visteon Corp. | VC | Consumer Cyclical | 0.20% | 10,298 | -21,550 | -67.67% | $960,803.00 |
Holdings by Sector
| Sector | Allocation | Value |
|---|---|---|
| Real Estate | 24.12% | $116,947,665.00 |
| Financial Services | 21.27% | $103,162,962.00 |
| Energy | 14.74% | $71,462,131.00 |
| Consumer Cyclical | 9.88% | $47,922,499.00 |
| Industrials | 9.43% | $45,715,759.00 |
| Basic Materials | 8.81% | $42,719,912.00 |
| Other | 6.52% | $31,628,119.00 |
| Healthcare | 2.47% | $11,987,387.00 |
| Communication Services | 1.92% | $9,312,878.00 |
| Technology | 0.84% | $4,066,443.00 |
Portfolio insights
As of Jun 30, 2025, the Third Avenue Management portfolio holds 52 securities valued at $484,925,755.00. The Real Estate sector represents the largest allocation, while the top positions account for a significant portion of the total portfolio weight.