13F filing recap · Q2 2018

What did Third Avenue Management buy in Q2 2018?

Reported stock-position changes between this filing and the previous one. US-listed stocks across every Third Avenue account, including accounts that belong to no fund below.

Stock value

$2.02B

Positions

Estimated turnover

18.2%

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.

New positions

HAHawaiian Holdings Inc$14.34Mreported value+398.9K shares ATNIAtn International, Inc.$6.07Mreported value+115.1K shares SAFMSanderson Farms, Inc.$1.62Mreported value+15.4K shares RESIEURFront Yard Residential Corporation$678.0Kreported value+65.0K shares GRBKGreen Brick Partners, Inc.$490.0Kreported value+50.0K shares JCAPJernigan Capital, Inc.$477.0Kreported value+25.0K shares

Increased positions

FCE.AForest City Realty Trust, Inc.$163.93Mreported value+151.5K shares+2.2%FPHFive Point Holdings, LLC$97.61Mreported value+6.01M shares+225.1%MACMacerich Co$89.84Mreported value+363.6K shares+29.9%HCCWarrior Met Coal, Inc.$69.36Mreported value+1.24M shares

Reduced positions

WYWeyerhaeuser Company$183.83Mreported value-13.2K shares-0.3%BAMBrookfield Corporation$162.95Mreported value-88.1K shares-2.1%LENLennar Corp /new/$137.93Mreported value-8.3K shares-0.3%RYNRayonier Inc.$91.61Mreported value-699.3K shares

Exited positions

CVCOCavco Industries, Inc.$47.12Mprior reported value-271.2K shares-100.0%KEYKeycorp /new/$16.64Mprior reported value-850.9K shares-100.0%KFYKorn Ferry$6.47Mprior reported value-125.5K shares-100.0%TILEInterface Inc$6.10Mprior reported value-241.9K shares