Q2 2026 · SEC CIK 0001099281

Third Avenue Management portfolio

SuperinvestorMutual fund managerThird Avenue Management LLC filed on 2026-08-12. Open SEC filings ↗

Reported 13F value: $625.3M
Reported positions: 55
Eligible equities: 50
Holdings vs S&P 500, 3 years: +7.5 pts

Average holding period of the top positions: 4.7 yrs. Holdings vs the S&P 500 over 1 and 5 years: +11.4 pts, +7.6 pts.

In its Q2 2026 13F, filed 2026-08-12, Third Avenue Management LLC reported 55 positions worth $625.3M. Its largest holdings were Tidewater Inc (TDW, 10.0%), Boise Cascade Co (BCC, 7.5%), Valaris Ltd (VAL, 6.0%). Over the last 3 years its top holdings ran 7.5 points a year ahead of the S&P 500.

Reported holdings in the Q2 2026 13F.

The portfolio weight uses the full reported share-portfolio denominator. Weight changes compare this 13F with the one before it; price moves also change weights, so these are not trade labels. “New” means the position was not in the previous 13F at all; “—” marks a small position the earlier filing data does not cover.

Third Avenue Management eligible holdings
Stock	% of reported portfolio	Prior quarter	Weight change	Reported shares	Reported value
TDWTidewater Inc	10.0%	12.5%	-2.54 pp	934,121	$62.2M
BCCBoise Cascade Co	7.5%	6.9%	+0.55 pp	602,086	$46.7M
VALValaris Ltd	6.0%	8.1%	-2.09 pp	516,313	$37.5M
RHIRobert Half Inc	5.9%	3.7%	+2.21 pp	1,208,336	$37.1M
HOGHarley-Davidson Inc	5.8%	4.8%	+0.99 pp	1,480,880	$36.2M
HCCWarrior Met Coal Inc	3.7%	5.5%	-1.80 pp	285,398	$23.2M
FPHFive Point Holdings LLC	3.1%	3.0%	+0.08 pp	3,696,155	$19.5M
CBRECBRE Group Inc	2.9%	3.0%	-0.07 pp	135,896	$18.3M
BNBrookfield Corp	2.7%	3.2%	-0.47 pp	394,929	$16.8M
UHAL-BU-Haul Holding Co	2.6%	2.1%	+0.56 pp	283,872	$16.4M
PLDPrologis Inc	2.3%	2.7%	-0.43 pp	104,823	$14.2M
LEN-BLennar Corp	2.1%	2.0%	+0.17 pp	149,658	$13.3M
PHMPulteGroup Inc	2.1%	1.8%	+0.27 pp	95,111	$13.1M
ECPGEncore Capital Group Inc	1.9%	1.6%	+0.31 pp	129,717	$12.1M
DHIDR Horton Inc	1.8%	1.6%	+0.16 pp	69,205	$11.3M
UMBFUMB Financial Corp	1.8%	1.4%	+0.35 pp	78,245	$11.2M
SUISun Communities Inc	1.8%	1.9%	-0.12 pp	91,454	$11.0M
ROGRogers Corp	1.6%	2.6%	-1.02 pp	61,584	$10.1M
JLLJones Lang LaSalle Inc	1.6%	1.6%	-0.01 pp	32,053	$9.9M
FNFFidelity National Financial In	1.5%	1.5%	+0.00 pp	193,119	$9.1M
SKYChampion Homes Inc	1.4%	1.2%	+0.20 pp	100,576	$8.9M
FSVFirstService Corp	1.4%	1.1%	+0.27 pp	61,951	$8.8M
AMHAmerican Homes 4 Rent	1.4%	1.2%	+0.22 pp	262,058	$8.8M
BKDBrookdale Senior Living Inc	1.3%	1.0%	+0.24 pp	494,826	$8.0M
PBProsperity Bancshares Inc	1.2%	1.1%	+0.08 pp	102,168	$7.5M
ICFIICF International Inc	1.2%	0.8%	+0.39 pp	98,893	$7.2M
SUPNSupernus Pharmaceuticals Inc	1.1%	1.3%	-0.15 pp	152,724	$7.1M
ALGAlamo Group Inc	1.1%	0.9%	+0.19 pp	42,265	$7.0M
COLLCollegium Pharmaceutical Inc	1.1%	0.8%	+0.22 pp	182,645	$6.6M
MYRGMYR Group Inc	1.0%	1.3%	-0.27 pp	13,066	$6.5M
BATRAAtlanta Braves Holdings Inc	1.0%	1.3%	-0.25 pp	111,880	$6.3M
ITICInvestors Title Co	1.0%	0.8%	+0.19 pp	21,894	$6.0M
PBFPBF Energy Inc	1.0%	1.0%	-0.06 pp	131,050	$6.0M
WCCWESCO International Inc	0.9%	0.9%	+0.08 pp	16,963	$5.9M
KALUKaiser Aluminum Corp	0.9%	0.6%	+0.35 pp	29,848	$5.8M
UNFUniFirst Corp/MA	0.9%	1.2%	-0.28 pp	20,802	$5.5M
QLYSQualys Inc	0.9%	0.6%	+0.30 pp	39,120	$5.4M
FLGFlagstar Bank NA	0.8%	0.7%	+0.08 pp	331,241	$4.9M
SDSandRidge Energy Inc	0.8%	0.9%	-0.10 pp	352,558	$4.8M
OCFCOceanFirst Financial Corp	0.8%	0.7%	+0.05 pp	246,662	$4.8M
FRFirst Industrial Realty Trust	0.8%	0.8%	-0.00 pp	77,498	$4.8M
LXULSB Industries Inc	0.7%	0.9%	-0.26 pp	381,096	$4.1M
SBSISouthside Bancshares Inc	0.7%	0.6%	+0.07 pp	116,879	$4.1M
BXCBlueLinx Holdings Inc	0.6%	0.6%	+0.07 pp	64,369	$4.0M
MMSMaximus Inc	0.6%	—	—	74,085	$4.0M
WYWeyerhaeuser Co	0.6%	0.6%	-0.02 pp	162,097	$3.9M
CRAICRA International Inc	0.5%	—	—	20,819	$3.0M
FRPHFRP Holdings Inc	0.4%	0.4%	+0.05 pp	107,160	$2.7M
COMPCompass Inc	0.4%	0.2%	+0.15 pp	187,469	$2.3M
BATRKAtlanta Braves Holdings Inc	0.2%	0.2%	+0.04 pp	26,027	$1.4M

What Third Avenue Management bought and sold in Q2 2026, against Q1 2026.

New positions

Q1 2026's filing was too long to tell new positions apart.

Added to

ICFI ICF International Inc+37.9% shares
RHI Robert Half Inc.+33.7% shares
ALG Alamo Group Inc+23.1% shares
FSV Firstservice Corp New Sub Vtg+22.8% shares
COLL Collegium Pharmaceutical Inc+17.7% shares
BCC Boise Cascade Co Del+7.1% shares
BKD Brookdale Sr Living Inc+6.7% shares
SD SandRidge Energy Inc+6.6% shares

Reduced

ROG Rogers Corp-59.2% shares
MYRG MYR Group Inc.-54.7% shares
BATRA Atlanta Braves Hldgs Inc-32.0% shares
UNF Unifirst Corp Mass-26.8% shares
HCC Warrior Met Coal, Inc.-21.6% shares
BN Brookfield Corp-18.0% shares
PLD Prologis Inc-16.8% shares
WCC WESCO International Inc-11.8% shares

Left the top 50

Share counts compared with the Q1 2026 13F; a split also changes share counts. The latest filing lists more than 50 positions, so a position that left the top 50 may still be held.

How the holdings did against the S&P 500.

1 year: +32.9% /yr; S&P 500 +20.1%
3 years: +28.1% /yr; S&P 500 +20.4%
5 years: +19.0% /yr; S&P 500 +11.6%

A portfolio of the filer's 20 largest 13F positions, weighted by value and rebuilt each quarter on the day the filing became public. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.

Questions about Third Avenue Management's portfolio

What stocks does Third Avenue Management own?

Third Avenue Management LLC's latest 13F, for Q2 2026 and filed Aug 12, 2026, lists 55 positions worth $625.3M. The largest are Tidewater Inc (TDW) at 10.0%, Boise Cascade Co Del (BCC) at 7.5%, Valaris Ltd (VAL) at 6.0%, Robert Half Inc. (RHI) at 5.9% and Harley Davidson Inc (HOG) at 5.8%.

What did Third Avenue Management buy last quarter?

In Q2 2026, Third Avenue Management LLC added ICF International Inc (ICFI) (+37.9% shares), Robert Half Inc. (RHI) (+33.7% shares) and Alamo Group Inc (ALG) (+23.1% shares), compared with its Q1 2026 filing.

What did Third Avenue Management sell last quarter?

In Q2 2026, Third Avenue Management LLC cut from its top 50 Tri Pointe Homes Inc (TPH), cut from its top 50 Proassurance Corp (PRA), cut from its top 50 Weyerhaeuser Co (WY), Rogers Corp (ROG) (-59.2% shares), MYR Group Inc. (MYRG) (-54.7% shares) and Atlanta Braves Hldgs Inc (BATRA) (-32.0% shares), compared with its Q1 2026 filing.

How has Third Avenue Management's portfolio performed?

A portfolio copying Third Avenue Management LLC's 20 largest 13F holdings each quarter, from the day each filing was public, returned +28.1% a year over the last 3 years, against +20.4% for the S&P 500. Over 1 year: +32.9% against +20.1%. Over 5 years: +19.0% a year against +11.6%.

When is Third Avenue Management LLC's next 13F filing due?

13F filings are due 45 days after each quarter ends. Third Avenue Management LLC's filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.

How much money does Third Avenue Management LLC manage?

Third Avenue Management LLC reported $1.6B of regulatory assets under management on its latest SEC Form ADV. Its 13F, which covers only US-listed stocks and options, totals $625.3M.