N-PORT filing recap · July 2025

What did Third Avenue Value Fund buy in July 2025?

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

$682.11M

Positions

Estimated turnover

9.1%

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.

Period in review

Third Avenue Value Fund opened new positions in Conduit Holdings, Rogers Corporation, and Ayala Corp. It slightly trimmed Bayerische Motoren Werke and Bank of Ireland, while moderately reducing Deutsche Bank and Easyjet. The fund also substantially decreased Comerica and Old Republic International.

New positions

CREConduit Holdings Ltd$10.05Mreported value+2.50M shares ROGRogers Corporation$7.64Mreported value+116.5K shares ACAyala Corp$7.33Mreported value+724.8K shares

Increased positions

HCCWarrior Met Coal, Inc.$28.91Mreported value+17.4K shares+3.2%6951Jeol Ltd$17.00Mreported value+41.1K shares+7.4%VAPORESCompañía Sud Americana De Vapores S.a.$14.12Mreported value+11.76M shares+4.4%

Reduced positions

BMWBayerische Motoren Werke AG$39.38Mreported value-23.6K shares-5.4%BIRGBank of Ireland Group Plc$35.00Mreported value-289.2K shares-10.0%DBKDeutsche Bank AG$29.07Mreported value-153.8K shares-14.8%EZJEasyjet Plc$20.93Mreported value-899.5K shares