N-PORT filing recap · January 2020

What did Third Avenue Value Fund buy in January 2020?

Reported stock-position changes between this filing and the previous one. These are Third Avenue Value Fund's own holdings, not the firm's.

Stock value

$508.74M

Positions

Estimated turnover

22.3%

Turnover is a proxy: verified trade-origin share changes valued at period-end and divided by average reported stock value. SEC holdings reports do not disclose execution dates or prices. Corporate actions and unreconciled activity are excluded.

New positions

MACMacerich Co$6.79Mreported value+304.3K shares QUINENCOQuinenco SA$5.72Mreported value+3.32M shares

Increased positions

FPHFive Point Holdings, LLC$19.35Mreported value+719.9K shares+43.2%

Reduced positions

IFSPFInterfor Corp$39.09Mreported value-98.1K shares-2.6%LUNMFLundin Mining Corp$30.49Mreported value-2.56M shares-30.6%BMWBayerische Motoren Werke AG$26.99Mreported value-35.9K shares-8.7%LEN.BLennar Corp /new/$24.54Mreported value-69.9K shares

Exited positions

INVEBInvestor Ab$16.69Mprior reported value-325.4K shares-100.0%BAMBrookfield Corporation$14.41Mprior reported value-260.9K shares-100.0%20Wheelock & Co Ltd$14.03Mprior reported value-2.27M shares-100.0%