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Built from publicly disclosed institutional and insider activity. Informational purposes only - not investment advice.OpenStocks · v0.1
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Third Avenue Management

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  • Asset Manager · CIK 0001099281
  • Boutique

Third Avenue Management, an asset manager overseeing $550.2M in disclosed equity holdings (SEC CIK 0001099281). The latest portfolio (2025Q4) discloses 51 positions across 9 sectors, with the largest positions in HCC, TDW and BCC. On a mark-to-market basis the tracked portfolio has returned 23.0% since 2024Q1. OpenStocks tracks 8 consecutive quarterly snapshots for this manager — every position change, new entry, and exit is logged below.

Track Third's filingsView holdings↓
Portfolio
$550.21M
Positions
51
Quarter
2025Q4
Filings tracked
8
Since filing+23.0%Full performance →
Quarter
2025Q42025Q32025Q22025Q12024Q42024Q32024Q22024Q1

Not enough filing history to compute mark-to-market returns for Third Avenue Management.

We need at least one year of portfolio coverage with priceable positions.

Performance overview

We mark Third Avenue Management's disclosed portfolio to current market prices and compare its growth against the S&P 500 (SPY). Third’s portfolio is 23.0% since 2024Q1.

Portfolio growth vs SPY
Rebased to 100 at 2024Q1 · through 2025Q4
Third Avenue Management
+25.2%
SPY
+33.2%
Alpha
-8.0pp
911031141261372024Q12024Q42025Q4
Portfolio line is the GIPS-compliant time-weighted return chain-linked across the manager's quarterly 13F filings — unaffected by capital flows. Quarters with insufficient held-through coverage are skipped, which can briefly flatten the line.
Capital flow per quarter
BuysSellsNet
+$63M+$31M$0-$31M-$63M'24Q2'24Q3'24Q4'25Q1'25Q2'25Q3'25Q4
Latest · 2025Q4
+$14M
Lifetime buys
$189M
Lifetime sells
$322M
Portfolio over time
AUMPositions
$0$207M$414M$627M6150'24Q1'24Q4'25Q4
QoQ AUM
+3.3%
8Q lifetime AUM
-12.2%
QoQ positions
+1
8Q lifetime positions
-7
Position concentration
51 positions
Top 1
9%
of book
  • Top 19%$51.4MHCC
  • Top 2-524%$130.4MTDW, BCC, VALARIS LIMI
  • Top 6-1018%$97.5MCBRE, FPH, PLD
  • Top 11-2020%$111.6MDEUTSCHE BAN, UHAL/B, SUI
  • Rest29%$159.3MRest of port