N-PORT filing recap · January 2026

What did Third Avenue Value Fund buy in January 2026?

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

$816.17M

Positions

Estimated turnover

20.2%

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 a new position in T.s. Lines Ltd and exited Comerica Inc and Deutsche Bank AG. It substantially reduced Capstone Copper Corp and Bank of Ireland Group Plc, while substantially increasing Boise Cascade Company. Other notable moves included moderate trims to Lundin Mining Corp, Warrior Met Coal, Inc., and Horiba Ltd, along with moderate additions to Harbour Energy Plc, Jeol Ltd, and Easyjet Plc.

New positions

2510T.s. Lines Ltd$14.87Mreported value+12.96M shares

Increased positions

BMWBayerische Motoren Werke AG$40.98Mreported value+7.8K shares+2.0%BCCBoise Cascade Company$29.93Mreported value+98.5K shares+36.2%HBRHarbour Energy Plc$28.92Mreported value+1.21M shares+15.4%6951Jeol Ltd$28.60Mreported value+114.7K shares

Reduced positions

LUNMFLundin Mining Corp$41.16Mreported value-608.2K shares-27.2%CSCapstone Copper Corp$39.36Mreported value-2.64M shares-42.6%HCCWarrior Met Coal, Inc.$33.07Mreported value-192.4K shares-34.2%BIRGBank of Ireland Group Plc$30.51Mreported value-1.11M shares

Exited positions

DBKDeutsche Bank AG$14.80Mprior reported value-413.7K shares-100.0%CMAComerica Inc$10.81Mprior reported value-141.4K shares-100.0%