Equal-WT
WhaleScore 2.0
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THIRD AVENUE MANAGEMENT LLC
NEW YORK NY
Investment Advisor
Hedge Fund
Third Avenue Management is based out of New York. Third Avenue Management is a hedge fund with 23 clients and discretionary assets under management (AUM) of $25,074,000 (Form ADV from 2024-03-28). Their last reported 13F filing for Q2 2024 included $582,960,510 in managed 13F securities
and a top 10 holdings concentration of 51.15%. Third Avenue Management's largest holding is Tidewater Inc. with shares held of 509,811. Whalewisdom has at least 106 13F filings, 64 13D filings, and 859 13G filings
Business Description
TAM's overall investment strategy typically concentrates on long-term value investing. This value investing strategy seeks to identify securities of well-financed companies (meaning companies with high quality assets and a relative absence of liabilities) selling at a price significantly discounted to TAM's conservative estimate of intrinsic value.
TAM may, however, offer other advisory services, engage in other investment strategies and make other types of investments, including any not described in this Brochure, that TAM considers appropriate, subject to each client’s agreement with TAM or other agreed-upon restrictions.
Owners
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Known Email Addresses
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Other Contact Information
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2024-06-30
Top Buys (13F)
| Name | % Change |
|---|---|
| HCC Warrior Met Coal Inc | 0.83% |
| SUI Sun Communities, Inc | 0.44% |
| COLL Collegium Pharmaceut | 0.34% |
| ORI Old Republic Interna | 0.33% |
| VAL Valaris Ltd | 0.33% |
2024-06-30
Top Sells (13F)
| Name | % Change |
|---|---|
| HA Hawaiian Holdings, I | 1.46% |
| DHI D.R. Horton, Inc. | 0.67% |
| LOW Lowes Companies, Inc | 0.57% |
| WY Weyerhaeuser Corp. | 0.45% |
| KALU Kaiser Aluminum Corp | 0.38% |
2024-06-30
13F Holdings Summary
| Name | $ Change |
|---|---|
| TDW Tidewater Inc. | 8.33% |
| HCC Warrior Met Coal Inc | 8.23% |
| DB Deutsche Bank AG (NY | 6.8% |
| VAL Valaris Ltd | 5.37% |
| ORI Old Republic Interna | 4.39% |
2024-06-30
13F Activity
| Market Value | $0.58b, Prior: $0.63b |
| Inflows (Outflows) as % of Total MV | (-2.0604)% |
| New Purchases | 2 stocks |
| Added To | 18 stocks |
| Sold out of | 1 stocks |
| Reduced holdings in | 14 stocks |
| Top 10 Holdings % | 51.15% |
| Turnover %[1] | 5% |
| Turnover Alt %[2] | 2.16% |
| Time Held Top 20 | 16.85 quarters |
| Time Held Top 10 | 8 quarters |
| Time Held All | 23.98 quarters |
[1]: Turnover is calculated by taking the # of new holdings (initial purchases) + the # of positions sold out of (not just reduced) divided by the total # of holdings for the quarter.
[2]: Alt Turnover is calculated by taking either the total MV of new purchases or the MV of securities sold, whichever is less, divided by the total MV of the fund.
2024-06-30
13F Sector Allocation Over Time
limited to past 4 quarters. Subscribe to see all available data
2024-06-30
Analysis
Top 20 equal-weighted holdings. Performance numbers calculated through 2024-06-30