13F filing recap · Q3 2021

What did Third Avenue Management buy in Q3 2021?

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

$743.06M

Positions

Estimated turnover

8.0%

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

VALValaris Limited$10.81Mreported value+310.0K shares APTSPreferred Apartment Communities Inc$3.15Mreported value+257.7K shares SPHRSphere Entertainment Co.$2.00Mreported value+27.4K shares

Increased positions

FPHFive Point Holdings, LLC$69.67Mreported value+28.8K shares+0.3%HCCWarrior Met Coal, Inc.$40.27Mreported value+5.0K shares+0.3%LEN.BLennar Corp /new/$37.61Mreported value+1.9K shares+0.4%WYWeyerhaeuser Company$29.52Mreported value+2.0K shares

Reduced positions

BAMBrookfield Corporation$44.34Mreported value-6.2K shares-0.7%PLDPrologis, Inc.$32.03Mreported value-468 shares-0.2%TDWTidewater Inc$28.31Mreported value-191.5K shares-7.5%UHALU-Haul Holding Company$27.44Mreported value-354 shares

Exited positions

EXPEagle Materials Inc.$12.36Mprior reported value-87.0K shares-100.0%LENLennar Corp /new/$8.76Mprior reported value-90.8K shares-100.0%MACMacerich Co$3.01Mprior reported value-164.7K shares-100.0%CIOCity Office REIT Inc$572.0Kprior reported value-46.0K shares