THIRD AVENUE MANAGEMENT LLC Q3 2025 Filing

Filed November 14, 2025

Portfolio Value

$532.7B

Holdings

50

Report Date

Q3 2025

Filing Type

13F-HR

All Holdings (50 positions)

#StockSharesValue% PortfolioType
1
TDWTidewater Inc.
874,667$47.9B9.00%
2
HCCWarrior Met Coal Inc.
641,916$42.3B7.94%
3
VALValaris Ltd.
585,602$30.0B5.63%
4
BNBrookfield Corp.
378,249$25.7B4.82%
5
FPHFive Point Holdings LLC - CL A
4,113,917$25.2B4.73%
6
CBRECBRE Group, Inc.
154,672$24.2B4.55%
7
BCCBoise Cascade Company
273,705$21.2B3.98%
8
LENLennar Corp - Class B
147,843$18.0B3.39%
9
PLDPrologis Inc.
145,394$16.9B3.18%
10
RG6Rogers Corp.
199,368$16.3B3.06%
11
JLLJones Lang Lasalle
51,619$15.3B2.88%
12
DHIDR Horton Inc.
78,078$13.5B2.53%
13
UHAL/BU-Haul Holding Company
259,225$13.3B2.49%
14
PHMPulteGroup Inc.
96,766$13.0B2.44%
15
SUISun Communities Inc.
96,786$12.4B2.33%
16
UMBFUMB Financial Corporation
97,518$11.5B2.17%
17
CMAComerica Inc.
156,314$10.8B2.03%
18
SUPNSupernus Pharmaceuticals, Inc.
189,493$9.1B1.71%
19
PRAProassurance Corp.
364,013$8.7B1.64%
20
SKYChampion Homes, Inc.
106,409$8.3B1.56%
21
BATRAAtlanta Braves Holdings Inc - A
164,438$7.4B1.39%
22
MYRGMYR Group Inc.
35,554$7.2B1.35%
23
FNFFNF Group
118,656$7.2B1.34%
24
COLLCollegium Pharmaceutical Inc.
203,401$7.2B1.34%
25
KALUKaiser Aluminum Corp.
89,535$7.0B1.32%
26
ECPGEncore Capital Group Inc.
171,022$6.9B1.30%
27
PBProsperity Bancshares Inc.
102,168$6.8B1.28%
28
AMHAmerican Homes 4 Rent
191,066$6.3B1.18%
29
LXULSB Industries Inc.
789,447$6.1B1.15%
30
ITICInvestors Title Co.
21,883$5.9B1.10%
31
RYNRayonier Inc.
218,052$5.9B1.10%
32
SBSISouthside Bancshares Inc.
209,426$5.8B1.09%
33
FRFirst Industrial Realty Trust, Inc.
106,342$5.5B1.04%
34
TPHTri Pointe Group Inc.
155,855$5.3B1.00%
35
CETCentral Securities Corporation
101,812$5.2B0.98%
36
OSGAmbac Financial Group
603,391$4.9B0.92%
37
ICFIICF International, Inc.
47,024$4.4B0.83%
38
UNFUniFirst Corporation
25,929$4.3B0.81%
39
FRPHFRP Holdings Inc.
178,530$4.3B0.81%
40
WCCWesco International
20,093$4.3B0.80%
41
WYWeyerhaeuser Company
161,920$4.0B0.76%
42
PBFPBF Energy Inc.
131,050$3.9B0.74%
43
CTLPCantaloupe, Inc.
370,013$3.9B0.73%
44
SA2DSandridge Energy Inc.
330,698$3.9B0.73%
45
SEBSeaboard Corp.
1,015$3.8B0.71%
46
BXCBluelinx Holdings Inc.
46,357$3.4B0.64%
47
OCFCOceanFirst Financial Trust
162,331$2.8B0.53%
48
ALGAlamo Group, Inc.
14,869$2.8B0.53%
49
VCVisteon Corp.
10,298$1.2B0.23%
50
BATRAAtlanta Braves Holdings Inc - C
26,104$1.1B0.20%