13F filing recap · Q4 2022

What did Third Avenue Management buy in Q4 2022?

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

$574.93M

Positions

Estimated turnover

27.0%

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

DBDeutsche Bank Aktiengesellschaft$32.64Mreported value+2.89M shares UHAL.BU-Haul Holding Company$17.18Mreported value+312.4K shares BNBrookfield Corporation$16.38Mreported value+520.6K shares ECPGEncore Capital Group, Inc.$5.73Mreported value+119.5K shares BAMBrookfield Asset Management Ltd.$3.73Mreported value+130.2K shares URTHIshares, Inc.$287.4Kreported value+2.6K shares

Increased positions

SBSISouthside Bancshares Inc.$7.54Mreported value+52.3K shares+33.3%PRAProassurance Corp$6.62Mreported value+42.0K shares+12.5%TPHTri Pointe Group Inc$6.14Mreported value+22.9K shares+7.4%

Reduced positions

TDWTidewater Inc$66.73Mreported value-286.9K shares-13.7%HCCWarrior Met Coal, Inc.$44.15Mreported value-98.6K shares-7.2%LEN.BLennar Corp /new/$24.53Mreported value-65.5K shares-16.6%CMAComerica Inc$20.29Mreported value-113 shares

Exited positions

BAMBrookfield Corporation$21.79Mprior reported value-532.8K shares-100.0%AAMIAcadian Asset Management Inc.$2.06Mprior reported value-137.9K shares-100.0%CALMCal-Maine Foods, Inc.$1.58Mprior reported value-28.4K shares-100.0%WHLR 8.75 PERP DWheeler Real Estate Investment Trust, Inc.$281.0Kprior reported value