Marty Whitman - Third Avenue Management Portfolio Holdings
As of Dec 31, 2025, the Third Avenue Management portfolio holdings is valued at approximately $550,214,835.00 featuring 51 publicly traded holdings. This in-depth profile highlights the top investments led by Warrior Met Coal Inc. (HCC), Tidewater Inc. (TDW), Boise Cascade Company (BCC), Valaris Ltd. (VAL), and others based on the company's latest SEC filings reported on Feb 12, 2026. Explore insights into portfolio composition, sector allocation, and recent trade activity.
Third Avenue Management's stock portfolio spans 51 holdings across 10 sectors, with a total market value of $550,214,835.00. The Real Estate sector represents the largest allocation, while the top holdings account for nearly 51% of the total portfolio value. Warrior Met Coal Inc. remains the single largest position at 9.3% of all equity investments.
Complete Holdings
Showing 51 of 51 holdings.
Page 1 of 1
| # | Company | Symbol | Sector | Portfolio % | Shares | Change (Shares) | Change % | Value |
|---|---|---|---|---|---|---|---|---|
| 1 | Warrior Met Coal Inc. | HCC | Basic Materials | 9.35% | 583,320 | -58,596 | -9.13% | $51,431,324.00 |
| 2 | Tidewater Inc. | TDW | Energy | 8.01% | 873,071 | -1,596 | -0.18% | $44,098,816.00 |
| 3 | Boise Cascade Company | BCC | Basic Materials | 5.75% | 429,999 | +156,294 | +57.10% | $31,647,926.00 |
| 4 | Valaris Ltd. | VAL | Energy | 5.35% | 584,373 | -1,229 | -0.21% | $29,452,399.00 |
| 5 | Brookfield Corp. | BN | Financial Services | 4.57% | 548,119 | +169,870 | +44.91% | $25,153,181.00 |
| 6 | CBRE Group, Inc. | CBRE | Real Estate | 4.29% | 146,835 | -7,837 | -5.07% | $23,609,600.00 |
| 7 | Five Point Holdings LLC - CL A | FPH | Real Estate | 4.18% | 4,113,917 | - | - | $22,996,796.00 |
| 8 | Prologis Inc. | PLD | Real Estate | 3.37% | 145,451 | +57 | +0.04% | $18,568,275.00 |
| 9 | Rogers Corp. | ROG | Technology | 3.32% | 199,474 | +106 | +0.05% | $18,265,834.00 |
| 10 | Lennar Corp - Class B | LEN-B | Consumer Cyclical | 2.56% | 148,008 | +165 | +0.11% | $14,078,521.00 |
| 11 | Deutsche Bank AG | DB | Other | 2.36% | 337,193 | -684,365 | -66.99% | $13,002,162.00 |
| 12 | U-Haul Holding Company | UHAL-B | Industrials | 2.20% | 259,246 | +21 | +0.01% | $12,117,158.00 |
| 13 | Sun Communities Inc. | SUI | Real Estate | 2.18% | 96,922 | +136 | +0.14% | $12,009,605.00 |
| 14 | PulteGroup Inc. | PHM | Consumer Cyclical | 2.15% | 100,684 | +3,918 | +4.05% | $11,806,206.00 |
| 15 | Jones Lang Lasalle | JLL | Real Estate | 2.10% | 34,351 | -17,268 | -33.45% | $11,558,081.00 |
| 16 | DR Horton Inc. | DHI | Consumer Cyclical | 2.05% | 78,194 | +116 | +0.15% | $11,262,282.00 |
| 17 | FNF Group | FNF | Financial Services | 2.04% | 205,320 | +86,664 | +73.04% | $11,208,419.00 |
| 18 | Kaiser Aluminum Corp. | KALU | Basic Materials | 1.78% | 85,363 | -4,172 | -4.66% | $9,804,794.00 |
| 19 | Supernus Pharmaceuticals, Inc. | SUPN | Healthcare | 1.71% | 189,493 | - | - | $9,417,802.00 |
| 20 | Collegium Pharmaceutical Inc. | COLL | Healthcare | 1.71% | 203,401 | - | - | $9,417,466.00 |
| 21 | Encore Capital Group Inc. | ECPG | Financial Services | 1.69% | 171,022 | - | - | $9,295,046.00 |
| 22 | UMB Financial Corporation | UMBF | Financial Services | 1.64% | 78,245 | -19,273 | -19.76% | $9,001,305.00 |
| 23 | Champion Homes, Inc. | SKY | Consumer Cyclical | 1.63% | 106,409 | - | - | $8,991,561.00 |
| 24 | American Homes 4 Rent | AMH | Real Estate | 1.62% | 278,512 | +87,446 | +45.77% | $8,940,235.00 |
| 25 | MYR Group Inc. | MYRG | Industrials | 1.41% | 35,554 | - | - | $7,768,549.00 |
| 26 | Proassurance Corp. | PRA | Financial Services | 1.29% | 292,990 | -71,023 | -19.51% | $7,078,638.00 |
| 27 | Prosperity Bancshares Inc. | PB | Financial Services | 1.28% | 102,168 | - | - | $7,060,830.00 |
| 28 | Atlanta Braves Holdings Inc - A | BATRA | Communication Services | 1.27% | 164,438 | - | - | $6,986,971.00 |
| 29 | LSB Industries Inc. | LXU | Basic Materials | 1.22% | 789,447 | - | - | $6,710,300.00 |
| 30 | Octave Specialty Group | AMBC | Financial Services | 1.11% | 782,093 | +178,702 | +29.62% | $6,084,684.00 |
| 31 | First Industrial Realty Trust, Inc. | FR | Real Estate | 1.09% | 104,728 | -1,614 | -1.52% | $5,997,773.00 |
| 32 | UniFirst Corporation | UNF | Industrials | 1.00% | 28,434 | +2,505 | +9.66% | $5,484,919.00 |
| 33 | Investors Title Co. | ITIC | Financial Services | 0.99% | 21,894 | +11 | +0.05% | $5,465,618.00 |
| 34 | Central Securities Corporation | CET | Financial Services | 0.94% | 101,812 | - | - | $5,162,887.00 |
| 35 | Wesco International | WCC | Industrials | 0.90% | 20,295 | +202 | +1.01% | $4,964,969.00 |
| 36 | Tri Pointe Group Inc. | TPH | Consumer Cyclical | 0.89% | 155,855 | - | - | $4,904,757.00 |
| 37 | Sandridge Energy Inc. | SD | Energy | 0.87% | 330,818 | +120 | +0.04% | $4,773,704.00 |
| 38 | ICF International, Inc. | ICFI | Industrials | 0.82% | 52,864 | +5,840 | +12.42% | $4,509,299.00 |
| 39 | Rayonier Inc. | RYN | Real Estate | 0.74% | 188,340 | -29,712 | -13.63% | $4,077,561.00 |
| 40 | Weyerhaeuser Company | WY | Real Estate | 0.74% | 171,582 | +9,662 | +5.97% | $4,064,778.00 |
| 41 | Alamo Group, Inc. | ALG | Industrials | 0.73% | 24,009 | +9,140 | +61.47% | $4,030,391.00 |
| 42 | Bluelinx Holdings Inc. | BXC | Industrials | 0.72% | 64,339 | +17,982 | +38.79% | $3,952,345.00 |
| 43 | Cantaloupe, Inc. | CTLP | Technology | 0.71% | 370,013 | - | - | $3,929,538.00 |
| 44 | PBF Energy Inc. | PBF | Energy | 0.65% | 131,050 | - | - | $3,554,076.00 |
| 45 | Southside Bancshares Inc. | SBSI | Financial Services | 0.65% | 116,879 | -92,547 | -44.19% | $3,551,953.00 |
| 46 | OceanFirst Financial Trust | OCFC | Financial Services | 0.63% | 192,807 | +30,476 | +18.77% | $3,460,886.00 |
| 47 | FirstService Corp. | FSV | Real Estate | 0.53% | 18,714 | +18,714 | +100.00% | $2,910,588.00 |
| 48 | Flagstar Bank | NYCB | Other | 0.50% | 217,305 | +217,305 | +100.00% | $2,735,870.00 |
| 49 | FRP Holdings Inc. | FRPH | Real Estate | 0.44% | 107,429 | -71,101 | -39.83% | $2,448,307.00 |
| 50 | Atlanta Braves Holdings Inc - C | BATRK | Communication Services | 0.19% | 26,104 | - | - | $1,029,803.00 |
| 51 | F&G Annuities and Life | FG | Financial Services | 0.07% | 12,319 | +12,319 | +100.00% | $380,047.00 |
Holdings by Sector
| Sector | Allocation | Value |
|---|---|---|
| Real Estate | 21.30% | $117,181,599.00 |
| Basic Materials | 18.10% | $99,594,344.00 |
| Financial Services | 16.88% | $92,903,494.00 |
| Energy | 14.88% | $81,878,995.00 |
| Consumer Cyclical | 9.28% | $51,043,327.00 |
| Industrials | 7.78% | $42,827,630.00 |
| Technology | 4.03% | $22,195,372.00 |
| Healthcare | 3.42% | $18,835,268.00 |
| Other | 2.86% | $15,738,032.00 |
| Communication Services | 1.46% | $8,016,774.00 |
Portfolio insights
As of Dec 31, 2025, the Third Avenue Management portfolio holds 51 securities valued at $550,214,835.00. The Real Estate sector represents the largest allocation, while the top positions account for a significant portion of the total portfolio weight.