13F filing recap · Q1 2023

What did Third Avenue Management buy in Q1 2023?

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

$585.19M

Positions

Estimated turnover

13.1%

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

JLLJones Lang Lasalle Incorporated$7.45Mreported value+51.2K shares

Increased positions

HCCWarrior Met Coal, Inc.$49.31Mreported value+68.7K shares+5.4%DBDeutsche Bank Aktiengesellschaft$30.61Mreported value+122.7K shares+4.2%CMAComerica Inc$20.86Mreported value+176.9K shares+58.3%VALValaris Limited$20.12Mreported value+9.3K shares

Reduced positions

TDWTidewater Inc$61.45Mreported value-416.9K shares-23.0%LEN.BLennar Corp /new/$24.42Mreported value-54.5K shares-16.6%PLDPrologis, Inc.$20.98Mreported value-2.7K shares-1.6%ORIOld Republic International Corp$20.84Mreported value-3.3K shares

Exited positions

STRSStratus Properties Inc.$1.16Mprior reported value-60.2K shares-100.0%URTHIshares, Inc.$287.4Kprior reported value-2.6K shares-100.0%