What Third Avenue Management Bought in Q4 2025
Third Avenue Management · Quarterly 13F recap as filed with the SEC.
Period: 2025-12-31 · Filed · Historical
$550.2M
Total Value
51
Holdings
4
New Buys
13
Reduced
In Q4 2025, Third Avenue Management reported 51 long equity positions worth $550.2M in their Third Avenue Management 13F filing, including 4 new positions (largest: Deutsche Bank AG at $13.0M) and 20 increased positions.
| Rank | Ticker | Company | Shares | Value | % Portfolio | Change |
|---|---|---|---|---|---|---|
| 1 | HCC | Warrior Met Coal Inc. | 583320 | $51.4M | 9.35% | -9.1% |
| 2 | TDW | Tidewater Inc. | 873071 | $44.1M | 8.01% | -0.2% |
| 3 | BCC | Boise Cascade Company | 429999 | $31.6M | 5.75% | +57.1% |
| 4 | VAL | Valaris Ltd. | 584373 | $29.5M | 5.35% | -0.2% |
| 5 | BN | Brookfield Corp. | 548119 | $25.2M | 4.57% | +44.9% |
| 6 | CBRE | CBRE Group, Inc. | 146835 | $23.6M | 4.29% | -5.1% |
| 7 | FPH | Five Point Holdings LLC - CL A | 4113917 | $23.0M | 4.18% | — |
| 8 | PLD | Prologis Inc. | 145451 | $18.6M | 3.37% | +0.0% |
| 9 | ROG | Rogers Corp. | 199474 | $18.3M | 3.32% | +0.1% |
| 10 | LEN | Lennar Corp - Class B | 148008 | $14.1M | 2.56% | +0.1% |
| 11 | DB | Deutsche Bank AG | 337193 | $13.0M | 2.36% | NEW |
| 12 | UHAL-B | U-Haul Holding Company | 259246 | $12.1M | 2.20% | +0.0% |
| 13 | SUI | Sun Communities Inc. | 96922 | $12.0M | 2.18% | +0.1% |
| 14 | PHM | PulteGroup Inc. | 100684 | $11.8M | 2.15% | 4.0% |
| 15 | JLL | Jones Lang Lasalle | 34351 | $11.6M | 2.10% | -33.5% |
| 16 | DHI | DR Horton Inc. | 78194 | $11.3M | 2.05% | +0.1% |
| 17 | FNF | FNF Group | 205320 | $11.2M | 2.04% | +73.0% |
| 18 | KALU | Kaiser Aluminum Corp. | 85363 | $9.8M | 1.78% | -4.7% |
| 19 | SUPN | Supernus Pharmaceuticals, Inc. | 189493 | $9.4M | 1.71% | — |
| 20 | COLL | Collegium Pharmaceutical Inc. | 203401 | $9.4M | 1.71% | — |
| 21 | ECPG | Encore Capital Group Inc. | 171022 | $9.3M | 1.69% | — |
| 22 | UMBFO | UMB Financial Corporation | 78245 | $9.0M | 1.64% | -19.8% |
| 23 | SKY | Champion Homes, Inc. | 106409 | $9.0M | 1.63% | — |
| 24 | AMH-PG | American Homes 4 Rent | 278512 | $8.9M | 1.62% | +45.8% |
| 25 | MYRG | MYR Group Inc. | 35554 | $7.8M | 1.41% | — |
| 26 | PRA | Proassurance Corp. | 292990 | $7.1M | 1.29% | -19.5% |
| 27 | PB | Prosperity Bancshares Inc. | 102168 | $7.1M | 1.28% | — |
| 28 | BATRA | Atlanta Braves Holdings Inc - A | 164438 | $7.0M | 1.27% | — |
| 29 | LXU | LSB Industries Inc. | 789447 | $6.7M | 1.22% | — |
| 30 | OSG | Octave Specialty Group | 782093 | $6.1M | 1.11% | +29.6% |
| 31 | FR | First Industrial Realty Trust, Inc. | 104728 | $6.0M | 1.09% | -1.5% |
| 32 | UNF | UniFirst Corporation | 28434 | $5.5M | 1.00% | +9.7% |
| 33 | ITIC | Investors Title Co. | 21894 | $5.5M | 0.99% | +0.1% |
| 34 | CET | Central Securities Corporation | 101812 | $5.2M | 0.94% | — |
| 35 | WCC | Wesco International | 20295 | $5.0M | 0.90% | +1.0% |
| 36 | TPH | Tri Pointe Group Inc. | 155855 | $4.9M | 0.89% | — |
| 37 | SD | Sandridge Energy Inc. | 330818 | $4.8M | 0.87% | +0.0% |
| 38 | ICFI | ICF International, Inc. | 52864 | $4.5M | 0.82% | +12.4% |
| 39 | RYN | Rayonier Inc. | 188340 | $4.1M | 0.74% | -13.6% |
| 40 | WY | Weyerhaeuser Company | 171582 | $4.1M | 0.74% | +6.0% |
| 41 | ALG | Alamo Group, Inc. | 24009 | $4.0M | 0.73% | +61.5% |
| 42 | BXC | Bluelinx Holdings Inc. | 64339 | $4.0M | 0.72% | +38.8% |
| 43 | CTLPP | Cantaloupe, Inc. | 370013 | $3.9M | 0.71% | — |
| 44 | PBF | PBF Energy Inc. | 131050 | $3.6M | 0.65% | — |
| 45 | SBSI | Southside Bancshares Inc. | 116879 | $3.6M | 0.65% | -44.2% |
| 46 | OCFC | OceanFirst Financial Trust | 192807 | $3.5M | 0.63% | +18.8% |
| 47 | FSV | FirstService Corp. | 18714 | $2.9M | 0.53% | NEW |
| 48 | FLG | Flagstar Bank | 217305 | $2.7M | 0.50% | NEW |
| 49 | FRPH | FRP Holdings Inc. | 107429 | $2.4M | 0.44% | -39.8% |
| 50 | BATRB | Atlanta Braves Holdings Inc - C | 26104 | $1.0M | 0.19% | — |
| 51 | FG | F&G Annuities and Life | 12319 | $380K | 0.07% | NEW |