Third Avenue Management portfolio: Q2 2026 13F
Every US-listed position Third Avenue Management reported in its 13F for Q2 2026, the quarter ended Jun 30, 2026, filed with the SEC on Aug 12, 2026. 55 positions at the quarter end, after opening 4 and exiting 2 during it.
50 largest positions
| Ticker | Company | Allocation | Value | Shares | Change |
|---|---|---|---|---|---|
| TDW | Tidewater Inc | 9.95% | $62.24M | 934,121 | Added |
| BCC | Boise Cascade Co | 7.47% | $46.74M | 602,086 | Added |
| VAL | Valaris Ltd | 5.99% | $37.48M | 516,313 | Added |
| RHI | Robert Half Inc. | 5.93% | $37.10M | 1,208,336 | Added |
| HOG | Harley-Davidson, Inc. | 5.79% | $36.22M | 1,480,880 | Added |
| HCC | Warrior Met Coal, Inc. | 3.70% | $23.16M | 285,398 | Trimmed |
| FPH | Five Point Holdings, LLC | 3.11% | $19.48M | 3,696,155 | Trimmed |
| CBRE | CBRE Group, Inc. | 2.93% | $18.30M | 135,896 | Trimmed |
| BN | Brookfield Corp | 2.69% | $16.82M | 394,929 | Trimmed |
| UHAL-B | U-Haul Holding Co | 2.62% | $16.38M | 283,872 | Trimmed |
| PLD | Prologis, Inc. | 2.27% | $14.20M | 104,823 | Trimmed |
| LEN-B | Lennar Corp | 2.12% | $13.28M | 149,658 | Added |
| PHM | PulteGroup Inc | 2.09% | $13.05M | 95,111 | Trimmed |
| ECPG | Encore Capital Group Inc | 1.94% | $12.10M | 129,717 | Trimmed |
| DHI | D. R. Horton Inc | 1.80% | $11.27M | 69,205 | Trimmed |
| UMBF | UMB Financial Corp | 1.79% | $11.17M | 78,245 | Unchanged |
| SUI | Sun Communities Inc | 1.75% | $10.97M | 91,454 | Trimmed |
| ROG | Rogers Corp | 1.61% | $10.08M | 61,584 | Trimmed |
| JLL | Jones Lang LaSalle Inc | 1.59% | $9.93M | 32,053 | Trimmed |
| FNF | Fidelity National Financial, Inc. | 1.46% | $9.11M | 193,119 | Trimmed |
| SKY | Champion Homes, Inc. | 1.42% | $8.86M | 100,576 | Trimmed |
| FSV | FirstService Corp | 1.41% | $8.80M | 61,951 | Added |
| AMH | American Homes 4 Rent | 1.40% | $8.78M | 262,058 | Trimmed |
| OSG | Octave Specialty Group Inc | 1.34% | $8.37M | 1,341,879 | Added |
| BKD | Brookdale Senior Living Inc. | 1.27% | $7.96M | 494,826 | Added |
| PB | Prosperity Bancshares Inc | 1.19% | $7.46M | 102,168 | Unchanged |
| ICFI | ICF International, Inc. | 1.15% | $7.21M | 98,893 | Added |
| SUPN | Supernus Pharmaceuticals, Inc. | 1.14% | $7.10M | 152,724 | Unchanged |
| ALG | Alamo Group Inc | 1.11% | $6.95M | 42,265 | Added |
| COLL | Collegium Pharmaceutical, Inc | 1.06% | $6.61M | 182,645 | Added |
| CPRX | Catalyst Pharmaceuticals, Inc. | 1.06% | $6.61M | 210,161 | Unchanged |
| MYRG | MYR Group Inc. | 1.05% | $6.54M | 13,066 | Trimmed |
| BATRA | Atlanta Braves Holdings, Inc. | 1.01% | $6.30M | 111,880 | Trimmed |
| TMHC | Taylor Morrison Home Corp | 0.99% | $6.17M | 85,941 | New |
| ITIC | Investors Title Co | 0.96% | $5.99M | 21,894 | Unchanged |
| PBF | PBF Energy Inc. | 0.95% | $5.97M | 131,050 | Unchanged |
| WCC | Wesco International Inc | 0.94% | $5.86M | 16,963 | Trimmed |
| KALU | Kaiser Aluminum Corp | 0.93% | $5.84M | 29,848 | Trimmed |
| UNF | UniFirst Corp | 0.88% | $5.50M | 20,802 | Trimmed |
| QLYS | Qualys, Inc. | 0.86% | $5.38M | 39,120 | Unchanged |
| CET | Central Securities Corp | 0.85% | $5.34M | 101,812 | Unchanged |
| FLG | Flagstar Bank, National Association | 0.79% | $4.95M | 331,241 | Unchanged |
| SD | SandRidge Energy Inc | 0.77% | $4.83M | 352,558 | Added |
| OCFC | OceanFirst Financial Corp | 0.77% | $4.82M | 246,662 | Unchanged |
| FR | First Industrial Realty Trust Inc | 0.76% | $4.75M | 77,498 | Trimmed |
| LXU | LSB Industries, Inc. | 0.66% | $4.12M | 381,096 | Unchanged |
| SBSI | Southside Bancshares Inc | 0.66% | $4.11M | 116,879 | Unchanged |
| BXC | BlueLinx Holdings Inc. | 0.64% | $3.98M | 64,369 | Unchanged |
| MMS | Maximus, Inc. | 0.64% | $3.98M | 74,085 | New |
| HKHGF | Hongkong Land Holdings Ltd | 0.63% | $3.92M | 550,300 | New |
Showing the 50 largest of 55 positions by allocation. The full portfolio, sortable by value, allocation and share count, loads below.
What changed in Q2 2026
| Action | Ticker | Company | Share change | Value |
|---|---|---|---|---|
| Added | TDW | Tidewater Inc | +12,940 | $62.24M |
| Added | BCC | Boise Cascade Co | +40,065 | $46.74M |
| Added | VAL | Valaris Ltd | +8,127 | $37.48M |
| Added | RHI | Robert Half Inc. | +304,431 | $37.10M |
| Added | HOG | Harley-Davidson, Inc. | +18,210 | $36.22M |
| Trimmed | HCC | Warrior Met Coal, Inc. | -78,604 | $23.16M |
| Trimmed | FPH | Five Point Holdings, LLC | -165,007 | $19.48M |
| Trimmed | CBRE | CBRE Group, Inc. | -434 | $18.30M |
| Trimmed | BN | Brookfield Corp | -86,566 | $16.82M |
| Trimmed | UHAL-B | U-Haul Holding Co | -503 | $16.38M |
| Trimmed | PLD | Prologis, Inc. | -21,122 | $14.20M |
| Added | LEN-B | Lennar Corp | +6,815 | $13.28M |
| Trimmed | PHM | PulteGroup Inc | -17 | $13.05M |
| Trimmed | ECPG | Encore Capital Group Inc | -12,795 | $12.10M |
| Trimmed | DHI | D. R. Horton Inc | -4,631 | $11.27M |
| Trimmed | SUI | Sun Communities Inc | -1 | $10.97M |
| Trimmed | ROG | Rogers Corp | -89,441 | $10.08M |
| Trimmed | JLL | Jones Lang LaSalle Inc | -354 | $9.93M |
| Trimmed | FNF | Fidelity National Financial, Inc. | -336 | $9.11M |
| Trimmed | SKY | Champion Homes, Inc. | -181 | $8.86M |
| Added | FSV | FirstService Corp | +11,499 | $8.80M |
| Trimmed | AMH | American Homes 4 Rent | -462 | $8.78M |
| Added | OSG | Octave Specialty Group Inc | +668 | $8.37M |
| Added | BKD | Brookdale Senior Living Inc. | +31,162 | $7.96M |
| Added | ICFI | ICF International, Inc. | +27,157 | $7.21M |
The 25 largest changes by value. The full quarter, filterable by action, loads below.
About these holdings
The 13F on record for Third Avenue Management (Third Avenue Management LLC), filed on Aug 12, 2026, reports 55 positions as of Jun 30, 2026. The largest is Tidewater Inc (TDW) at 9.9% of the reported portfolio, followed by Boise Cascade Co (BCC, 7.5%) and Valaris Ltd (VAL, 6.0%). The ten largest make up 50.2% of it. Against the previous quarter, it opened 4 new positions, added to 13, trimmed 23 and sold out of 2. The largest new position is Taylor Morrison Home Corp (TMHC), at 1.0% of the portfolio. The largest position it added to is Tidewater Inc (TDW), now 9.9%. The largest it sold out of, by its value the quarter before, is Tri Pointe Homes, Inc. (TPH).
Tidewater Inc (TDW), the largest position, is also held by Tweedy Browne, First Pacific Advisors, Ken Griffin and Ray Dalio.
Other investors
Hillman CapitalBill MillerRuane CunniffPhilippe LaffontFrancois RochonFirst Pacific AdvisorsHoward MarksYacktman Asset Mgmt