13F filing recap · Q2 2020

What did Third Avenue Management buy in Q2 2020?

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

$713.64M

Positions

Estimated turnover

17.1%

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.

New positions

AMHAmerican Homes 4 Rent$10.83Mreported value+402.5K shares WASHWashington Trust Bancorp, Inc.$2.16Mreported value+65.8K shares CTOCto Realty Growth, Inc.$316.0Kreported value+8.0K shares

Increased positions

BAMBrookfield Corporation$45.54Mreported value+309.0K shares+28.7%ORIOld Republic International Corp$18.24Mreported value+321.0K shares+40.3%TDWTidewater Inc$15.51Mreported value+2.8K shares+0.1%CMAComerica Inc$13.04Mreported value+105.2K shares

Reduced positions

FPHFive Point Holdings, LLC$49.81Mreported value-821.1K shares-7.0%WYWeyerhaeuser Company$38.91Mreported value-104.9K shares-5.7%LEN.BLennar Corp /new/$37.73Mreported value-174.5K shares-17.6%VNOVornado Realty Trust$37.50Mreported value-40.8K shares

Exited positions

GGenpact Limited$2.50Mprior reported value-85.6K shares-100.0%SMHISeacor Marine Holdings Inc.$1.57Mprior reported value-358.1K shares-100.0%IYRiShares Trust$627.0Kprior reported value-9.0K shares-100.0%CTOCto Realty Growth, Inc.$363.0Kprior reported value-8.0K shares