THIRD AVENUE MANAGEMENT LLC

Long Only Manager • Value

THIRD AVENUE MANAGEMENT LLC is a Value-focused institution based in New York, NY led by Michael Anthony Buono, reporting $1.4B in AUM as of Q3 2025 with 50% concentrated in top 10 holdings.

CFOMichael Anthony Buono

Portfolio Value: $532.7M
Positions: 50
Top Holding: TDW at 9%
Last Reported: Q3 2025

Address675 Third Ave, Suite 2900-05, New York, NY, 10017-5704, United States

Top Holdings

Largest long holdings in THIRD AVENUE MANAGEMENT LLC's portfolio (50.3% of total portfolio)

See all holdings

GthenH

Holding	Sector	Position	Weight	Traded	Ownership	Owned Since
1 Tidewater TDW	Oil & Gas Equipment & Services Energy	$47.9M	9.00%	-$26.9K Sold	1.77% 874.7K shares	Q3 2017 Held for 8y 2m
2 Warrior Met Coal HCC	Coal Energy	$42.3M	7.94%	+$15.3K Bought	1.22% 641.9K shares	Q4 2017 Held for 7y 11m
3 Valaris VAL	Oil & Gas Equipment & Services Energy	$30.0M	5.63%	-$16.3K Sold	0.82% 585.6K shares	Q3 2021 Held for 4y 2m
4 Brookfield BN	Asset Management Financial Services	$25.7M	4.82%	—	0.03% 378.2K shares	Q4 2022 Held for 2y 11m
5 Five Point Holdings, Inc. FPH	Real Estate - Development Real Estate	$25.2M	4.73%	-$73.5K Sold	5.89% 4.1M shares	Q2 2017 Held for 8y 5m
6 CBRE Group CBRE	Real Estate - Services Real Estate	$24.2M	4.55%	-$1.6M Sold	0.05% 154.7K shares	Q1 2020 Held for 5y 8m
7 Boise Cascade BCC	Construction Materials Basic Materials	$21.2M	3.98%	+$21.2M New	0.73% 273.7K shares	Q3 2025 Held for 2 months
8 Lennar Corporation LEN.B	Residential Construction Consumer Cyclical	$18.0M	3.39%	-$23.2K Sold	0.06% 147.8K shares	Q4 2019 Held for 5y 11m
9 Prologis PLD	REIT - Industrial Real Estate	$16.9M	3.18%	-$14.9K Sold	0.02% 145.4K shares	Q1 2020 Held for 5y 8m
10 Rogers Corporation ROG	Hardware, Equipment & Parts Technology	$16.3M	3.06%	+$16.3M New	1.10% 199.4K shares	Q3 2025 Held for 2 months

See all holdings

GthenH

Changes

Portfolio activity, position movements, and quarter-over-quarter changes in THIRD AVENUE MANAGEMENT LLC's latest filing

See all changes

GthenC

Market Value

$532.7M

Prior: $486.4M

Q/Q Change

+9.52%

+$46.3M

Net Flows % of MV

-2.62%

Turnover Ratio

9.11%

New Purchases

2 stocks

$37.5M

Added To

5 stocks

+$4.1M

Sold Out Of

5 stocks

$39.2M

Reduced Holdings

20 stocks

-$16.3M

Increased Positions

Position	Shares Δ	Change
1 Boise Cascade BCC	New	0 → 273.7K +$21.2M
2 Rogers Corporation ROG	New	0 → 199.4K +$16.3M
3 Skyline Champion SKY	+77.75%	59.9K → 106.4K +$3.6M
4 Unifirst UNF	+11.02%	23.4K → 25.9K +$427.9K
5 OceanFirst Financial OCFC	+0.06%	162.2K → 162.3K +$1.6K

Decreased Positions

Position	Shares Δ	Change
1 Deutsche Bank DB	Sold	1.0M → 0 −$30.2M
2 Old Republic International ORI	Sold	98.5K → 0 −$3.8M
3 Hamilton Beach Brands Holding Company HBB	Sold	131.5K → 0 −$2.4M
4 MRP Millrose Properties, Inc. MRP	Sold	50.7K → 0 −$1.4M
5 MRP Morgan Stanley MRP	Sold	50.7K → 0 −$1.4M

See all changes

GthenC

Analytics

Portfolio insights and performance metrics for THIRD AVENUE MANAGEMENT LLC

View analytics

GthenA

Sector Allocation

Energy

24.00%

Real Estate

22.60%

Financial Services

18.20%

Consumer Cyclical

11.10%

Industrials

8.20%

Basic Materials

6.40%

Technology

3.80%

Healthcare

3.10%

Communication Services

1.60%

Market Cap Distribution

Large Cap ($10B - $200B)

32.69%

Mid Cap ($2B - $10B)

44.39%

Small Cap ($300M - $2B)

21.94%

N/A (ETF or Unknown)

0.98%

Portfolio Concentration

Top 10 Holdings %

50.28%

Top 20 Holdings %

72.05%

Top 50 Holdings %

100.0%

Top 100 Holdings %