Third Avenue Management LLC
Third Avenue Management LLC is an independent investment management firm headquartered in New York, NY. Founded in 1986, the firm focuses on value-driven investment strategies across equity and real estate markets. It is registered as an SEC investment adviser and manages portfolios primarily for institutional clients and mutual funds, adopting a long-term, research-intensive approach. As of 2024, the firm employs approximately 30 professionals.
Investment Strategy
Third Avenue Management LLC is known for its fundamental, value-oriented investment philosophy targeting undervalued securities across equities and real estate. The firm employs deep fundamental research, seeking to identify securities trading at significant discounts to intrinsic value. Their approach emphasizes bottom-up analysis, financial strength, and long-term growth, often investing in misunderstood, distressed, or special situations with a margin of safety.
Top Holdings
Equity Positions (52)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
T TDW | Tidewater Inc. | 8.33% | $40.4M | 875,157 | $34.28 | $46.13 | +$6.2M |
D DB | Deutsche Bank AG | 6.22% | $30.2M | 1,021,558 | $11.47 | $29.28 | -$3.9M |
H HCC | Warrior Met Coal Inc. | 6.06% | $29.4M | 641,684 | $26.74 | $45.83 | +$146.2K |
V VAL | Valaris Ltd. | 5.09% | $24.7M | 585,921 | $42.62 | $42.11 | +$2.3M |
B BN | Brookfield Corp. | 4.82% | $23.4M | 378,249 | $31.46 | $61.85 | +$3.6M |