Third Avenue Management
Period: Q1 2026
Portfolio date: 31 Mar 2026
No. of stocks: 53
Portfolio value: $616,039,000
| History | Stock | % of Portfolio |
RecentActivity | Shares | ReportedPrice* | Value | Current Price |
+/-Reported Price |
52Week Low |
52Week High |
|
| ≡ | TDW - Tidewater Inc. | 12.49 | Add 5.51% | 921,181 | $83.55 | $76,965,000 | $83.88 | 0.39% | $38.24 | $93.13 | |
| ≡ | VAL - Valaris plc | 8.09 | Reduce 13.04% | 508,186 | $98.04 | $49,823,000 | $111.05 | 13.27% | $35.20 | $114.12 | |
| ≡ | BCC - Boise Cascade Company | 6.92 | Add 30.70% | 562,021 | $75.85 | $42,629,000 | $65.47 | -13.68% | $64.78 | $94.23 | |
| ≡ | HCC - Warrior Met Coal Inc. | 5.50 | Reduce 37.60% | 364,002 | $93.15 | $33,907,000 | $85.01 | -8.74% | $40.63 | $105.15 | |
| ≡ | HOG - Harley-Davidson | 4.80 | Buy | 1,462,670 | $20.22 | $29,575,000 | $23.36 | 15.53% | $17.09 | $30.68 | |
| ≡ | RHI - Robert Half International | 3.73 | Buy | 903,905 | $25.40 | $22,959,000 | $25.68 | 1.10% | $21.83 | $44.59 | |
| ≡ | BN - Brookfield Corp. | 3.16 | Reduce 12.16% | 481,495 | $40.47 | $19,486,000 | $44.28 | 9.41% | $37.32 | $49.48 | |
| ≡ | FPH - Five Point Holdings LLC | 3.03 | Reduce 6.14% | 3,861,162 | $4.84 | $18,688,000 | $4.72 | -2.48% | $4.60 | $6.64 | |
| ≡ | CBRE - CBRE Group | 3.00 | Reduce 7.15% | 136,330 | $135.46 | $18,467,000 | $128.15 | -5.40% | $118.81 | $174.27 | |
| ≡ | PLD - Prologis Inc. | 2.70 | Reduce 13.41% | 125,945 | $132.18 | $16,647,000 | $142.44 | 7.76% | $99.56 | $145.44 | |
| ≡ | ROG - Rogers Corp. | 2.63 | Reduce 24.29% | 151,025 | $107.33 | $16,210,000 | $130.80 | 21.87% | $61.17 | $144.46 | |
| ≡ | UHAL.B - U Haul Holding Co Non Voting | 2.06 | Add 9.69% | 284,375 | $44.67 | $12,703,000 | $44.83 | 0.36% | $39.62 | $58.05 | |
| ≡ | LEN.B - Lennar Corp. CL B | 1.95 | Reduce 3.49% | 142,843 | $84.12 | $12,016,000 | $81.21 | -3.46% | $79.50 | $135.38 | |
| ≡ | SUI - Sun Communities Inc. | 1.87 | Reduce 5.64% | 91,455 | $125.96 | $11,520,000 | $121.94 | -3.19% | $112.64 | $136.63 | |
| ≡ | PHM - PulteGroup Inc. | 1.82 | Reduce 5.52% | 95,128 | $117.61 | $11,188,000 | $111.05 | -5.58% | $94.44 | $144.19 | |
| ≡ | DHI - D.R. Horton | 1.64 | Reduce 5.57% | 73,836 | $137.22 | $10,132,000 | $134.72 | -1.82% | $112.86 | $182.90 | |
| ≡ | ECPG - Encore Capital Group Inc. | 1.62 | Reduce 16.67% | 142,512 | $70.12 | $9,993,000 | $80.52 | 14.83% | $35.68 | $92.64 | |
| ≡ | JLL - Jones Lang Lasalle Inc. | 1.60 | Reduce 5.66% | 32,407 | $304.32 | $9,862,000 | $286.52 | -5.85% | $211.86 | $363.06 | |
| ≡ | FNF - Fidelity National Financial Inc. | 1.46 | Reduce 5.78% | 193,455 | $46.38 | $8,972,000 | $48.87 | 5.37% | $42.78 | $57.78 | |
| ≡ | UMBF - UMB Financial Corp. | 1.43 | 78,245 | $112.79 | $8,825,000 | $125.87 | 11.60% | $97.10 | $135.60 | ||
| ≡ | MYRG - MYR Group Inc. | 1.32 | Reduce 18.94% | 28,819 | $282.31 | $8,136,000 | $440.68 | 56.10% | $154.55 | $480.00 | |
| ≡ | SUPN - Supernus Pharmaceuticals | 1.28 | Reduce 19.40% | 152,724 | $51.69 | $7,894,000 | $47.62 | -7.87% | $30.83 | $59.68 | |
| ≡ | BATRA - Atlanta Braves Holdings Inc. Series A | 1.26 | 164,438 | $47.15 | $7,753,000 | $53.93 | 14.38% | $41.50 | $56.06 | ||
| ≡ | SKY - Skyline Champion Corp. | 1.22 | Reduce 5.31% | 100,757 | $74.37 | $7,493,000 | $65.23 | -12.29% | $59.44 | $99.17 | |
| ≡ | AMH - American Homes 4 Rent | 1.19 | Reduce 5.74% | 262,520 | $27.92 | $7,330,000 | $31.71 | 13.57% | $27.22 | $37.36 | |
| ≡ | TPH-OLD - TRI Pointe Group | 1.18 | 155,855 | $46.73 | $7,283,000 | $46.97 | 0.51% | $28.72 | $46.99 | ||
| ≡ | UNF - UniFirst Corp. | 1.16 | 28,434 | $251.60 | $7,154,000 | $264.20 | 5.01% | $147.15 | $283.77 | ||
| ≡ | FSV - Firstservice Corp | 1.14 | Add 169.59% | 50,452 | $138.94 | $7,010,000 | $127.13 | -8.50% | $119.41 | $208.52 | |
| ≡ | PB - Prosperity Bancshares Inc. | 1.11 | 102,168 | $67.18 | $6,864,000 | $67.91 | 1.09% | $60.01 | $76.49 | ||
| ≡ | PRA - ProAssurance Corp. | 1.05 | Reduce 11.05% | 260,608 | $24.72 | $6,442,000 | $24.66 | -0.24% | $22.72 | $24.85 | |
| ≡ | BKD - Brookdale Senior Living Inc. | 1.03 | Buy | 463,664 | $13.68 | $6,343,000 | $13.25 | -3.14% | $6.26 | $17.09 | |
| ≡ | OSG - Octave Specialty Group Inc. | 1.01 | Add 71.49% | 1,341,211 | $4.65 | $6,237,000 | $5.86 | 26.02% | $3.88 | $10.38 | |
| ≡ | PBF - PBF Energy Inc. | 1.01 | 131,050 | $47.62 | $6,241,000 | $42.76 | -10.21% | $16.94 | $51.83 | ||
| ≡ | ALG - Alamo Group Inc. | 0.92 | Add 43.00% | 34,332 | $164.98 | $5,664,000 | $149.96 | -9.10% | $145.76 | $232.05 | |
| ≡ | LXU - LSB Industries Inc. | 0.92 | Reduce 51.73% | 381,096 | $14.90 | $5,678,000 | $13.71 | -7.99% | $7.02 | $17.22 | |
| ≡ | SD - SandRidge Energy Inc. | 0.88 | 330,818 | $16.31 | $5,396,000 | $15.87 | -2.70% | $9.27 | $18.32 | ||
| ≡ | WCC - WESCO International Inc. | 0.85 | Reduce 5.18% | 19,243 | $273.61 | $5,265,000 | $337.06 | 23.19% | $160.38 | $374.00 | |
| ≡ | CPRX - Catalyst Pharmaceuticals Inc. | 0.84 | Buy | 210,161 | $24.76 | $5,204,000 | $31.21 | 26.05% | $19.05 | $32.56 | |
| ≡ | COLL - Collegium Pharmaceutical Inc. | 0.83 | Reduce 23.73% | 155,143 | $33.07 | $5,131,000 | $33.62 | 1.66% | $28.34 | $50.79 | |
| ≡ | CET - Central Securities Corp. | 0.82 | 101,812 | $49.66 | $5,056,000 | $52.68 | 6.08% | $43.35 | $54.28 | ||
| ≡ | ITIC - Investors Title Co. | 0.77 | 21,894 | $217.32 | $4,758,000 | $238.06 | 9.54% | $182.80 | $281.49 | ||
| ≡ | FR - First Industrial Realty Trust Inc. | 0.76 | Reduce 22.64% | 81,016 | $57.85 | $4,687,000 | $61.64 | 6.55% | $46.10 | $64.66 | |
| ≡ | ICFI - ICF International Inc. | 0.76 | Add 35.70% | 71,736 | $65.29 | $4,684,000 | $66.56 | 1.95% | $58.83 | $101.17 | |
| ≡ | OCFC - OceanFirst Financial Corp. | 0.72 | Add 27.93% | 246,662 | $18.04 | $4,450,000 | $18.45 | 2.27% | $15.50 | $20.18 | |
| ≡ | FLG - Flagstar Financial Inc. | 0.71 | Add 52.43% | 331,241 | $13.17 | $4,362,000 | $13.27 | 0.76% | $10.36 | $14.92 | |
| ≡ | WY - Weyerhaeuser Co. | 0.64 | Reduce 5.36% | 162,377 | $24.43 | $3,967,000 | $22.89 | -6.30% | $20.78 | $27.51 | |
| ≡ | SBSI - Southside Bancshares Inc. | 0.59 | 116,879 | $31.09 | $3,634,000 | $31.97 | 2.83% | $25.41 | $34.14 | ||
| ≡ | KALU - Kaiser Aluminum Corp. | 0.58 | Reduce 65.00% | 29,881 | $120.51 | $3,601,000 | $163.00 | 35.26% | $66.36 | $183.00 | |
| ≡ | BXC - BlueLinx Holdings Inc. | 0.57 | Add 0.05% | 64,369 | $54.19 | $3,488,000 | $46.86 | -13.53% | $44.78 | $88.30 | |
| ≡ | QLYS - Qualys Inc. | 0.56 | Buy | 39,120 | $87.86 | $3,437,000 | $100.09 | 13.92% | $74.51 | $155.47 | |
| ≡ | FRPH - FRP Holdings Inc. | 0.38 | Reduce 0.25% | 107,160 | $21.88 | $2,345,000 | $22.57 | 3.15% | $20.53 | $28.35 | |
| ≡ | COMP - Compass Inc. | 0.22 | Buy | 187,469 | $7.31 | $1,370,000 | $7.58 | 3.69% | $5.66 | $13.96 | |
| ≡ | BATRK - Atlanta Braves Holdings Inc. Series C | 0.18 | 26,104 | $42.71 | $1,115,000 | $50.50 | 18.24% | $37.76 | $52.05 |
* Reported Price is the price of the security as of the portfolio date. This value is significant in that it is the last known price at which the security was still held.
Sector % analysis
| Financials | 29.20 | |
| Energy | 20.58 | |
| Industrial Goods | 13.21 | |
| Consumer Discretionary | 10.64 | |
| Industrials | 7.12 | |
| Real Estate | 6.04 | |
| Health Care | 3.98 | |
| Technology | 3.19 | |
| Materials | 3.11 | |
| Services | 2.89 |
Articles & Commentaries
07 May 2026 Third Avenue Value Fund Q1 2026 Commentary
10 Feb 2026 Third Avenue Value Fund Q4 2025 Commentary
11 Nov 2025 Third Avenue Value Fund Q3 2025 Commentary
01 Aug 2025 Third Avenue Value Fund Q2 2025 Commentary
22 Apr 2025 Third Avenue Value Fund Q1 2025 Commentary
22 Nov 2024 Undervalued auto OEM and offshore energy with Matthew Fine, Portfolio Manager Third Avenue
25 Oct 2024 Third Avenue Value Fund Q3 2024 Commentary
06 Aug 2024 Third Avenue Value Fund Q2 2024 Commentary
30 May 2024 Podcast Interview with Victor Cunningham of Third Avenue Management discussing small-cap value investing
06 May 2024 Third Avenue Value Fund Q1 2024 Commentary
26 Jan 2024 Third Avenue Value Fund Q4 2023 Commentary
05 Oct 2023 Value Equities Time to Fly: Citywire interview with Matthew Fine of Third Avenue Management
09 Aug 2023 Third Avenue Small-Cap Value PM, Vic Cunningham, discusses his stock picks: TDW, BATRA, HBB, UMBF
21 Jan 2022 Third Avenue Value fund Q4 2021 Commentary
27 Oct 2021 Third Avenue Value fund Q3 2021 Commentary