1y return+32.9%S&P 500 +20.9%
3y return+71.8%S&P 500 +68.5%
5y return+80.0%S&P 500 +74.5%
10y return+147.5%S&P 500 +256.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since June 30, 2016: $247 against $357 in the S&P 500.2
Third Avenue Management LLCS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| TDWTidewater Inc | $62.2M | 10.0% | +1.4% |
| BCCBoise Cascade Co | $46.7M | 7.5% | +7.1% |
| Valaris LtdCUSIP G9460G101 | $37.5M | 6.0% | +1.6% |
| RHIRobert Half Inc | $37.1M | 5.9% | +33.7% |
| HOGHarley-Davidson Inc | $36.2M | 5.8% | +1.2% |
| HCCWarrior Met Coal Inc | $23.2M | 3.7% | −21.6% |
| FPHFive Point Holdings LLC | $19.5M | 3.1% | −4.3% |
| CBRECBRE Group Inc | $18.3M | 2.9% | |
| BNBrookfield Corp | $16.8M | 2.7% | −18.0% |
| UHAL/BU-Haul Holding Co | $16.4M | 2.6% | |
| PLDPrologis Inc | $14.2M | 2.3% | −16.8% |
| LEN/BLennar Corp | $13.3M | 2.1% | +4.8% |
| PHMPulteGroup Inc | $13.1M | 2.1% | |
| ECPGEncore Capital Group Inc | $12.1M | 1.9% | −9.0% |
| DHIDR Horton Inc | $11.3M | 1.8% | −6.3% |
| UMBFUMB Financial Corp | $11.2M | 1.8% | |
| SUISun Communities Inc | $11.0M | 1.8% | |
| ROGRogers Corp | $10.1M | 1.6% | −59.2% |
| JLLJones Lang LaSalle Inc | $9.9M | 1.6% | −1.1% |
| FNFFidelity National Financial In | $9.1M | 1.5% | |
| SKYChampion Homes Inc | $8.9M | 1.4% | |
| FSVFirstService Corp | $8.8M | 1.4% | +22.8% |
| AMHAmerican Homes 4 Rent | $8.8M | 1.4% | |
| OSGOctave Specialty Group Inc | $8.4M | 1.3% | |
| BKDBrookdale Senior Living Inc | $8.0M | 1.3% | +6.7% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| MYRGMYR Group Inc | June 30, 2020 | +1468.2% | $6.5M |
| TDWTidewater Inc | June 30, 2020 | +1092.0% | $62.2M |
| HCCWarrior Met Coal Inc | June 30, 2020 | +427.4% | $23.2M |
| CBRECBRE Group Inc | June 30, 2020 | +197.9% | $18.3M |
| UMBFUMB Financial Corp | June 30, 2020 | +177.0% | $11.2M |
| KALUKaiser Aluminum Corp | June 30, 2020 | +165.7% | $5.8M |
| DHIDR Horton Inc | March 31, 2022 | +118.6% | $11.3M |
| WCCWESCO International Inc | June 30, 2024 | +117.9% | $5.9M |
| JLLJones Lang LaSalle Inc | March 31, 2023 | +113.0% | $9.9M |
| Valaris LtdCUSIP G9460G101 | September 30, 2021 | +108.1% | $37.5M |
Sold off last quarter
- Tri Pointe Group Inc.CUSIP 87265H109 was $7.3M
- Proassurance Corp.CUSIP 74267C106 was $6.4M
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +4.7% | +14.8% |
| March 31, 2026 | +10.2% | −4.6% |
| December 31, 2025 | +2.2% | +2.4% |
| September 30, 2025 | +12.8% | +7.8% |
| June 30, 2025 | +4.0% | +10.5% |
| March 31, 2025 | −1.0% | −4.6% |
| December 31, 2024 | −7.7% | +2.1% |
| September 30, 2024 | +10.8% | +5.4% |
| June 30, 2024 | −5.1% | +4.0% |
| March 31, 2024 | +6.7% | +10.0% |
| December 31, 2023 | +16.8% | +11.2% |
| September 30, 2023 | +3.8% | −3.6% |
| June 30, 2023 | +6.5% | +8.3% |
| March 31, 2023 | +2.4% | +7.0% |
| December 31, 2022 | +11.9% | +7.1% |
| September 30, 2022 | −6.1% | −5.3% |
| June 30, 2022 | −16.7% | −16.5% |
| March 31, 2022 | +1.1% | −4.9% |
| December 31, 2021 | +7.4% | +10.7% |
| September 30, 2021 | +1.0% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Third Avenue Management LLC Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1099281&type=13F-HR&dateb=&owner=include&count=40CIK 1099281
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1099281/000109928126000008/Filed August 12, 2026 · accession 0001099281-26-000008