Marty Whitman - Third Avenue Management 13F Portfolio Holdings (Q1 2026)
As of Mar 31, 2026, the Third Avenue Management portfolio holdings is valued at approximately $616,036,133.00 featuring 53 publicly traded holdings. This in-depth profile highlights the top investments led by Tidewater Inc. (TDW), Valaris Ltd. (VAL), Boise Cascade Company (BCC), Warrior Met Coal Inc. (HCC), and others based on the company's latest SEC filings reported on May 13, 2026. Explore insights into portfolio composition, sector allocation, and recent trade activity.
Third Avenue Management's stock portfolio spans 53 holdings across 10 sectors, with a total market value of $616,036,133.00. The Energy sector represents the largest allocation, while the top holdings account for nearly 53% of the total portfolio value. Tidewater Inc. remains the single largest position at 12.5% of all equity investments.
Complete Holdings
Showing 53 of 53 holdings.
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| # | Company | Symbol | Sector | Portfolio % | Shares | Change (Shares) | Change % | Value |
|---|---|---|---|---|---|---|---|---|
| 1 | Tidewater Inc. | TDW | Energy | 12.49% | 921,181 | +48,110 | +5.51% | $76,964,673.00 |
| 2 | Valaris Ltd. | VAL | Energy | 8.09% | 508,186 | -76,187 | -13.04% | $49,822,555.00 |
| 3 | Boise Cascade Company | BCC | Basic Materials | 6.92% | 562,021 | +132,022 | +30.70% | $42,629,293.00 |
| 4 | Warrior Met Coal Inc. | HCC | Basic Materials | 5.50% | 364,002 | -219,318 | -37.60% | $33,906,786.00 |
| 5 | Harley-Davidson Inc | HOG | Consumer Cyclical | 4.80% | 1,462,670 | +1,462,670 | +100.00% | $29,575,187.00 |
| 6 | Robert Half, Inc. | RHI | Industrials | 3.73% | 903,905 | +903,905 | +100.00% | $22,959,187.00 |
| 7 | Brookfield Corp. | BN | Financial Services | 3.16% | 481,495 | -66,624 | -12.16% | $19,486,103.00 |
| 8 | Five Point Holdings LLC - CL A | FPH | Real Estate | 3.03% | 3,861,162 | -252,755 | -6.14% | $18,688,024.00 |
| 9 | CBRE Group, Inc. | CBRE | Real Estate | 3.00% | 136,330 | -10,505 | -7.15% | $18,467,262.00 |
| 10 | Prologis Inc. | PLD | Real Estate | 2.70% | 125,945 | -19,506 | -13.41% | $16,647,410.00 |
| 11 | Rogers Corp. | ROG | Technology | 2.63% | 151,025 | -48,449 | -24.29% | $16,209,513.00 |
| 12 | U-Haul Holding Company | UHAL-B | Industrials | 2.06% | 284,375 | +25,129 | +9.69% | $12,703,031.00 |
| 13 | Lennar Corp - Class B | LEN-B | Consumer Cyclical | 1.95% | 142,843 | -5,165 | -3.49% | $12,015,953.00 |
| 14 | Sun Communities Inc. | SUI | Real Estate | 1.87% | 91,455 | -5,467 | -5.64% | $11,519,672.00 |
| 15 | PulteGroup Inc. | PHM | Consumer Cyclical | 1.82% | 95,128 | -5,556 | -5.52% | $11,188,004.00 |
| 16 | DR Horton Inc. | DHI | Consumer Cyclical | 1.64% | 73,836 | -4,358 | -5.57% | $10,131,776.00 |
| 17 | Encore Capital Group Inc. | ECPG | Financial Services | 1.62% | 142,512 | -28,510 | -16.67% | $9,992,941.00 |
| 18 | Jones Lang Lasalle | JLL | Real Estate | 1.60% | 32,407 | -1,944 | -5.66% | $9,862,098.00 |
| 19 | FNF Group | FNF | Financial Services | 1.46% | 193,455 | -11,865 | -5.78% | $8,972,443.00 |
| 20 | UMB Financial Corporation | UMBF | Financial Services | 1.43% | 78,245 | - | - | $8,825,254.00 |
| 21 | MYR Group Inc. | MYRG | Industrials | 1.32% | 28,819 | -6,735 | -18.94% | $8,136,180.00 |
| 22 | Supernus Pharmaceuticals, Inc. | SUPN | Healthcare | 1.28% | 152,724 | -36,769 | -19.40% | $7,894,304.00 |
| 23 | Atlanta Braves Holdings Inc - A | BATRA | Communication Services | 1.26% | 164,438 | - | - | $7,753,252.00 |
| 24 | Champion Homes, Inc. | SKY | Consumer Cyclical | 1.22% | 100,757 | -5,652 | -5.31% | $7,493,298.00 |
| 25 | American Homes 4 Rent | AMH | Real Estate | 1.19% | 262,520 | -15,992 | -5.74% | $7,329,558.00 |
| 26 | Tri Pointe Group Inc. | TPH | Consumer Cyclical | 1.18% | 155,855 | - | - | $7,283,104.00 |
| 27 | UniFirst Corporation | UNF | Industrials | 1.16% | 28,434 | - | - | $7,153,710.00 |
| 28 | FirstService Corp. | FSV | Real Estate | 1.14% | 50,452 | +31,738 | +169.59% | $7,009,801.00 |
| 29 | Prosperity Bancshares Inc. | PB | Financial Services | 1.11% | 102,168 | - | - | $6,863,646.00 |
| 30 | Proassurance Corp. | PRA | Financial Services | 1.05% | 260,608 | -32,382 | -11.05% | $6,442,230.00 |
| 31 | Brookdale Senior Living Inc. | BKD | Healthcare | 1.03% | 463,664 | -1,600,656 | -77.54% | $6,342,924.00 |
| 32 | PBF Energy Inc. | PBF | Energy | 1.01% | 131,050 | - | - | $6,240,601.00 |
| 33 | Octave Specialty Group | AMBC | Financial Services | 1.01% | 1,341,211 | +559,118 | +71.49% | $6,236,631.00 |
| 34 | LSB Industries Inc. | LXU | Basic Materials | 0.92% | 381,096 | -408,351 | -51.73% | $5,678,330.00 |
| 35 | Alamo Group, Inc. | ALG | Industrials | 0.92% | 34,332 | +10,323 | +43.00% | $5,663,750.00 |
| 36 | Sandridge Energy Inc. | SD | Energy | 0.88% | 330,818 | - | - | $5,395,642.00 |
| 37 | Wesco International | WCC | Industrials | 0.85% | 19,243 | -1,052 | -5.18% | $5,265,270.00 |
| 38 | Catalyst Pharmaceuticals | CPRX | Healthcare | 0.84% | 210,161 | +210,161 | +100.00% | $5,203,586.00 |
| 39 | Collegium Pharmaceutical Inc. | COLL | Healthcare | 0.83% | 155,143 | -48,258 | -23.73% | $5,130,579.00 |
| 40 | Central Securities Corporation | CET | Financial Services | 0.82% | 101,812 | - | - | $5,055,984.00 |
| 41 | Investors Title Co. | ITIC | Financial Services | 0.77% | 21,894 | - | - | $4,758,442.00 |
| 42 | First Industrial Realty Trust, Inc. | FR | Real Estate | 0.76% | 81,016 | -23,712 | -22.64% | $4,686,776.00 |
| 43 | ICF International, Inc. | ICFI | Industrials | 0.76% | 71,736 | +18,872 | +35.70% | $4,683,643.00 |
| 44 | OceanFirst Financial Trust | OCFC | Financial Services | 0.72% | 246,662 | +53,855 | +27.93% | $4,449,782.00 |
| 45 | Flagstar Bank | NYCB | Other | 0.71% | 331,241 | +113,936 | +52.43% | $4,362,444.00 |
| 46 | Weyerhaeuser Company | WY | Real Estate | 0.64% | 162,377 | -9,205 | -5.36% | $3,966,870.00 |
| 47 | Southside Bancshares Inc. | SBSI | Financial Services | 0.59% | 116,879 | - | - | $3,633,768.00 |
| 48 | Kaiser Aluminum Corp. | KALU | Basic Materials | 0.58% | 29,881 | -55,482 | -65.00% | $3,600,959.00 |
| 49 | Bluelinx Holdings Inc. | BXC | Industrials | 0.57% | 64,369 | +30 | +0.05% | $3,487,512.00 |
| 50 | Qualy's, Inc. | QLYS | Technology | 0.56% | 39,120 | +39,120 | +100.00% | $3,436,692.00 |
| 51 | FRP Holdings Inc. | FRPH | Real Estate | 0.38% | 107,160 | -269 | -0.25% | $2,344,661.00 |
| 52 | Compass Inc. | COMP | Real Estate | 0.22% | 187,469 | +187,469 | +100.00% | $1,370,398.00 |
| 53 | Atlanta Braves Holdings Inc - C | BATRK | Communication Services | 0.18% | 26,104 | - | - | $1,114,641.00 |
Holdings by Sector
| Sector | Allocation | Value |
|---|---|---|
| Energy | 22.47% | $138,423,471.00 |
| Real Estate | 16.54% | $101,892,530.00 |
| Basic Materials | 13.93% | $85,815,368.00 |
| Financial Services | 13.75% | $84,717,224.00 |
| Consumer Cyclical | 12.61% | $77,687,322.00 |
| Industrials | 11.37% | $70,052,283.00 |
| Healthcare | 3.99% | $24,571,393.00 |
| Technology | 3.19% | $19,646,205.00 |
| Communication Services | 1.44% | $8,867,893.00 |
| Other | 0.71% | $4,362,444.00 |
Portfolio insights
As of Mar 31, 2026, the Third Avenue Management portfolio holds 53 securities valued at $616,036,133.00. The Energy sector represents the largest allocation, while the top positions account for a significant portion of the total portfolio weight.