THIRD AVENUE MANAGEMENT LLC Q1 2025 Filing

Filed May 14, 2025

Portfolio Value

$498.7B

Holdings

61

Report Date

Q1 2025

Filing Type

13F-HR

All Holdings (61 positions)

#StockSharesValue% PortfolioType
1
TDWTidewater Inc.
809,258$34.2B6.86%
2
DBDeutsche Bank AG
1,447,570$34.1B6.84%
3
HCCWarrior Met Coal Inc.
613,206$29.3B5.87%
4
VALValaris Ltd.
569,839$22.4B4.49%
5
FPHFive Point Holdings LLC - CL A
4,125,911$22.0B4.42%
6
CBRECBRE Group, Inc.
165,109$21.6B4.33%
7
BNBrookfield Corp.
378,249$19.8B3.98%
8
CMAComerica Inc.
302,904$17.9B3.59%
9
LENLennar Corp - Class B
147,770$16.1B3.23%
10
UHAL/BU-Haul Holding Company
249,865$14.8B2.97%
11
PLDPrologis Inc.
129,162$14.4B2.90%
12
ORIOld Republic International Corp.
336,388$13.2B2.65%
13
PRAProassurance Corp.
563,988$13.2B2.64%
14
JLLJones Lang Lasalle
51,990$12.9B2.58%
15
SUISun Communities Inc.
90,715$11.7B2.34%
16
UMBFUMB Financial Corporation
102,796$10.4B2.08%
17
DHIDR Horton Inc.
78,745$10.0B2.01%
18
ITICInvestors Title Co.
38,919$9.4B1.88%
19
MYRGMYR Group Inc.
72,797$8.2B1.65%
20
FNFFNF Group
118,656$7.7B1.55%
21
PBProsperity Bancshares Inc.
102,168$7.3B1.46%
22
AMHAmerican Homes 4 Rent
192,560$7.3B1.46%
23
FRFirst Industrial Realty Trust, Inc.
134,558$7.3B1.46%
24
FRPHFRP Holdings Inc.
252,952$7.2B1.45%
25
BATRAAtlanta Braves Holdings Inc - A
164,438$7.2B1.45%
26
RYNRayonier Inc.
258,499$7.2B1.45%
27
PHMPulteGroup Inc.
63,800$6.6B1.32%
28
WYWeyerhaeuser Company
220,849$6.5B1.30%
29
BAMBrookfield Asset Mgmt. CL A
132,103$6.4B1.28%
30
SUPNSupernus Pharmaceuticals, Inc.
189,493$6.2B1.24%
31
COLLCollegium Pharmaceutical Inc.
203,401$6.1B1.22%
32
SBSISouthside Bancshares Inc.
209,426$6.1B1.22%
33
ECPGEncore Capital Group Inc.
171,022$5.9B1.18%
34
LXULSB Industries Inc.
789,447$5.2B1.04%
35
CETCentral Securities Corporation
111,210$5.0B1.00%
36
TPHTri Pointe Group Inc.
155,830$5.0B1.00%
37
HBBHamilton Beach Brand
249,969$4.9B0.97%
38
KALUKaiser Aluminum Corp.
79,828$4.8B0.97%
39
ALGAlamo Group, Inc.
25,546$4.6B0.91%
40
UNFUniFirst Corporation
23,356$4.1B0.81%
41
ICFIICF International, Inc.
47,024$4.0B0.80%
42
SA2DSandridge Energy Inc.
330,698$3.8B0.76%
43
SEBSeaboard Corp.
1,319$3.6B0.71%
44
OSGAmbac Financial Group
366,461$3.2B0.64%
45
PBFPBF Energy Inc.
131,050$2.5B0.50%
46
WCCWesco International
14,822$2.3B0.46%
47
BXCBluelinx Holdings Inc.
29,869$2.2B0.45%
48
MRPMillrose Properties, Inc.
80,890$2.1B0.43%
49
OCFCOceanFirst Financial Trust
116,643$2.0B0.40%
50
ELMEElme Communities
93,000$1.6B0.32%
51
CTOCTO Realty Growth, Inc.
63,000$1.2B0.24%
52
WSRWhitestone REIT
80,000$1.2B0.23%
53
IVTInventrust Properties Corp.
38,000$1.1B0.22%
54
BATRAAtlanta Braves Holdings Inc - C
26,104$1.0B0.21%
55
PCHPotlatchdeltic Corp.
20,000$902.4M0.18%
56
RMRThe RMR Group Inc.
37,000$616.0M0.12%
57
VTMXVesta Real Estate Corp.
25,000$570.3M0.11%
58
STCStewart Information Services Corp.
5,194$370.6M0.07%
59
GRBKGreen Brick Partners
5,000$291.6M0.06%
60
UHALU-Haul Holding Company
1,456$95.2M0.02%
61
HP5AEquity Commonwealth
55,000$88.5M0.02%