13F filing recap · Q2 2025

What did Third Avenue Management buy in Q2 2025?

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

$484.93M

Positions

Estimated turnover

17.5%

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

CTLPCantaloupe Inc$4.07Mreported value+370.0K shares SKYChampion Homes, Inc.$3.75Mreported value+59.9K shares VCVisteon Corporation$960.8Kreported value+10.3K shares

Increased positions

TDWTidewater Inc$40.37Mreported value+65.9K shares+8.1%HCCWarrior Met Coal, Inc.$29.41Mreported value+28.5K shares+4.6%VALValaris Limited$24.67Mreported value+16.1K shares+2.8%LEN.BLennar Corp /new/$15.58Mreported value+263 shares

Reduced positions

DBDeutsche Bank Aktiengesellschaft$30.18Mreported value-426.0K shares-29.4%CBRECbre Group, Inc.$23.08Mreported value-399 shares-0.2%JLLJones Lang Lasalle Incorporated$13.22Mreported value-300 shares-0.6%UMBFUmb Financial Corp$10.81Mreported value-33 shares

Exited positions

BAMBrookfield Asset Management Ltd.$6.40Mprior reported value-132.1K shares-100.0%ELMEElme Communities$1.62Mprior reported value-93.0K shares-100.0%CTOCto Realty Growth, Inc.$1.22Mprior reported value-63.0K shares-100.0%WSRWhitestone REIT$1.17Mprior reported value-80.0K shares