Latest THIRD AVENUE MANAGEMENT LLC Stock Portfolio

THIRD AVENUE MANAGEMENT LLC Performance:

2025 Q4: -0.06%YTD: 14.21%2024: 1.33%

Performance for 2025 Q4 is -0.06%, and YTD is 14.21%, and 2024 is 1.33%.

About THIRD AVENUE MANAGEMENT LLC and 13F Hedge Fund Stock Holdings

THIRD AVENUE MANAGEMENT LLC is a hedge fund based in New York, NY. On 2026-02-12, the fund reported it's updated stock portfolio. In the 13F Holdings report, THIRD AVENUE MANAGEMENT LLC reported an equity portfolio of $550.2 Millions as of 31 Dec, 2025.

The top stock holdings of THIRD AVENUE MANAGEMENT LLC are HCC, TDW, BCC. The fund has invested 9.3% of it's portfolio in WARRIOR MET COAL INC. and 8% of portfolio in TIDEWATER INC.

The fund managers got completely rid off COMERICA INC. (CMA), SEABOARD CORP. (SEB) and VISTEON CORP. (VC) stocks. They significantly reduced their stock positions in SOUTHSIDE BANCSHARES INC. (SBSI), FRP HOLDINGS INC. (FRPH) and JONES LANG LASALLE (JLL). THIRD AVENUE MANAGEMENT LLC opened new stock positions in DEUTSCHE BANK AG (DB), FIRSTSERVICE CORP. (FSV) and FLAGSTAR BANK (NYCB). The fund showed a lot of confidence in some stocks as they added substantially to FNF GROUP (FNF), ALAMO GROUP, INC. (ALG) and BOISE CASCADE COMPANY (BCC).

THIRD AVENUE MANAGEMENT LLC Annual Return Estimates Vs S&P 500

Our best estimate is that THIRD AVENUE MANAGEMENT LLC made a return of -0.06% in the last quarter. In trailing 12 months, it's portfolio return was 14.21%.

Performance
S&P 500

New Buys

Ticker	$ Bought
deutsche bank ag	13,002,200
firstservice corp.	2,910,590
flagstar bank	2,735,870
f&g annuities and life	380,047

New stocks bought by THIRD AVENUE MANAGEMENT LLC

Additions

Ticker	% Inc.
fnf group	66.86
alamo group, inc.	61.47
boise cascade company	57.1
american homes 4 rent	45.77
brookfield corp.	44.91
bluelinx holdings inc.	38.79
octave specialty group	29.62
oceanfirst financial trust	18.77

Additions to existing portfolio by THIRD AVENUE MANAGEMENT LLC

Reductions

Ticker	% Reduced
southside bancshares inc.	-44.19
frp holdings inc.	-39.83
jones lang lasalle	-33.45
umb financial corporation	-19.76
proassurance corp.	-19.51
rayonier inc.	-13.63
warrior met coal inc.	-9.13
cbre group, inc.	-5.07

THIRD AVENUE MANAGEMENT LLC reduced stake in above stock

Sold off

Ticker	$ Sold
comerica inc.	-10,799,700
visteon corp.	-1,246,570
seaboard corp.	-3,758,640

THIRD AVENUE MANAGEMENT LLC got rid off the above stocks

Sector Distribution

THIRD AVENUE MANAGEMENT LLC has about 20.8% of it's holdings in Real Estate sector.

Sector	%
Real Estate	20.8
Basic Materials	18.1
Energy	14.9
Financial Services	11.9
Others	9.9
Consumer Cyclical	9.3
Industrials	7.8
Technology	4
Healthcare	3.4

Market Cap. Distribution

THIRD AVENUE MANAGEMENT LLC has about 26.2% of it's portfolio invested in the large-cap and mega-cap stocks.

Category	%
MID-CAP	43.6
LARGE-CAP	26.2
SMALL-CAP	19.2
UNALLOCATED	9.9
MICRO-CAP	1.1

Stocks belong to which Index?

About 72.8% of the stocks held by THIRD AVENUE MANAGEMENT LLC either belong to S&P 500 or RUSSELL 2000 index.

Index	%
RUSSELL 2000	57.6
Others	27.2
S&P 500	15.2

Top 5 Winners (%)		%
KALU	kaiser aluminum corp.	45.5 %
ECPG	encore capital group inc.	33.9 %
HCC	warrior met coal inc.	32.2 %
COLL	collegium pharmaceutical inc.	31.6 %
SD	sandridge energy inc.	23.3 %

Top 5 Winners ($)		$
HCC	warrior met coal inc.	13.6 M
KALU	kaiser aluminum corp.	3.2 M
ECPG	encore capital group inc.	2.4 M
COLL	collegium pharmaceutical inc.	2.3 M
ROG	rogers corp.	1.9 M

Top 5 Losers (%)		%
	brookfield corp.	-28.8 %
LEN	lennar corp - class b	-22.0 %
RYN	rayonier inc.	-18.2 %
DHI	dr horton inc.	-16.5 %
BXC	bluelinx holdings inc.	-14.6 %

Top 5 Losers ($)		$
	brookfield corp.	-10.2 M
LEN	lennar corp - class b	-4.0 M
TDW	tidewater inc.	-3.7 M
FPH	five point holdings llc - cl a	-2.2 M
DHI	dr horton inc.	-2.2 M

THIRD AVENUE MANAGEMENT LLC Holdings Map

This heatmap illustrates the top 50 positions within the fund's portfolio.

Current Stock Holdings of THIRD AVENUE MANAGEMENT LLC

THIRD AVENUE MANAGEMENT LLC has 51 stocks in it's portfolio. About 50.8% of the portfolio is in top 10 stocks. proved to be the most loss making stock for the portfolio. HCC was the most profitable stock for THIRD AVENUE MANAGEMENT LLC last quarter.

Last Reported on: 12 Feb, 2026

Ticker	Namesorted ascending	% Portfolio	Shares Held	$ Value	Type	% Change
ALG	alamo group, inc.	0.73	24,009	4,030,390	added	61.47

AMBC	octave specialty group	1.11	782,093	6,084,680	added	29.62

AMH	american homes 4 rent	1.62	278,512	8,940,240	added	45.77

BATRA	atlanta braves holdings inc - a	1.27	164,438	6,986,970	unchanged	0.00

BATRA	atlanta braves holdings inc - c	0.19	26,104	1,029,800	unchanged	0.00

BCC	boise cascade company	5.75	429,999	31,647,900	added	57.1

BXC	bluelinx holdings inc.	0.72	64,339	3,952,340	added	38.79

CBRE	cbre group, inc.	4.29	146,835	23,609,600	reduced	-5.07

CMA	comerica inc.	0.00	0.00	0.00	sold off	-100

COLL	collegium pharmaceutical inc.	1.71	203,401	9,417,470	unchanged	0.00

CTLP	cantaloupe, inc.	0.71	370,013	3,929,540	unchanged	0.00

DB	deutsche bank ag	2.36	337,193	13,002,200	new

DHI	dr horton inc.	2.05	78,194	11,262,300	added	0.15

ECPG	encore capital group inc.	1.69	171,022	9,295,050	unchanged	0.00

FG	f&g annuities and life	0.07	12,319	380,047	new

FNF	fnf group	2.04	205,320	11,208,400	added	66.86

FPH	five point holdings llc - cl a	4.18	4,113,920	22,996,800	unchanged	0.00

FR	first industrial realty trust, inc.	1.09	104,728	5,997,770	reduced	-1.52

FRPH	frp holdings inc.	0.44	107,429	2,448,310	reduced	-39.83

FSV	firstservice corp.	0.53	18,714	2,910,590	new