Third Avenue Value Fund

Third Avenue Value Fund | TAVFX

Mutual Fund
Third Avenue Value Fund
Last update 2024-09-23 32 Stocks (1 new)
Value $725.00 Mil Turnover 5 %
Countries:
Top Holdings: TSX:CS(6.44%)HCC(6.34%)TDW(4.78%)XTER:DBK(4.72%)LSE:BIRG(4.68%)
Portfolio Report

Third Avenue Value Fund Profile

Legendary value investor Martin J. Whitman founded the Third Avenue Value Fund in 1990. The Value strategy’s flexible mandate takes a global, all-cap equities approach and allows for opportunistic investments in credit securities across the capital structure. Opportunities are evaluated with sharp focus on financial strength, ability to compound NAV, and priced at a significant discount to the fund's conservative estimate of NAV.

Third Avenue Value Fund Investing Philosophy

Third Aveneue Value Fund aims to build a differentiated portfolio of contrarian and special-situation opportunities by investing opportunistically across a global universe of sectors, geographies and security types. The fund seeks long-term capital appreciaiton by investing in companies with strong financial positions, and valuations supported by tangible assets and market prices substantially below the fund's estimate of intrinsic business value.
Summary Stock Picks Current Portfolio

Third Avenue Value Fund Portfolio and Latest Trades

Type:
Ticker
Company
Date
Action
Impact %
Price Range
Price
Price Change from Avrg%
Comment
Current Shares
Share Change
HCC 		Warrior Met Coal Inc2024-01-31Reduce
-4.08%
●
45.6 ($58.27) 69.97
$70.30
20.65%
Reduce -40.16%
665,308
-446,495
LSE:HBR 		Harbour Energy PLC2024-04-30New Buy
+2.80%
●
2.49 (£2.73) 2.98
£2.59
-5.16%
New holding
5,506,445
5,506,445
HKSE:00001 		CK Hutchison Holdings Ltd2023-10-31Reduce
-2.76%
●
38.9 (HK$41.61) 47.85
HK$40.10
-3.63%
Reduce -74.7%
1,063,480
-3,139,877
XPAR:AM 		Dassault Aviation SA2023-07-31Sold Out
-2.57%
●
158.2 (€173.08) 185.5
€186.90
7.98%
Sold Out
0
-93,059
TSE:3382 		Seven & i Holdings Co Ltd2024-07-31Sold Out
-2.41%
●
1730 (円1957.7) 2062.5
円2,576.00
31.58%
Sold Out
0
-1,309,200
TSE:7270 		Subaru Corp2024-07-31New Buy
+2.14%
●
2884.5 (円3328.4) 3607
円2,443.00
-26.60%
New holding
805,800
805,800
HKSE:00001 		CK Hutchison Holdings Ltd2024-01-31Add
+2.08%
●
38.15 (HK$40.22) 41.95
HK$40.10
-0.30%
Add 234.8%
3,560,480
2,497,000
LSE:BIRG 		Bank of Ireland Group PLC2023-01-31Reduce
-2.07%
●
7.18 (€8.33) 9.83
€8.29
-0.48%
Reduce -30.02%
3,793,879
-1,627,604
BSP:UGPA3 		Ultrapar Participacoes SA2024-04-30Reduce
-2.05%
●
25.61 (R$28.42) 31.08
R$18.04
-36.52%
Reduce -43.45%
2,905,135
-2,231,725
TDW 		Tidewater Inc2023-07-31Reduce
-2.03%
●
39.6 ($50.21) 63.11
$50.27
0.12%
Reduce -31.25%
701,703
-318,998
LSE:CBG 		Close Brothers Group PLC2024-04-30New Buy
+1.77%
●
2.99 (£4.1) 5.44
£2.14
-47.85%
New holding
2,184,235
2,184,235
TSX:CS 		Capstone Copper Corp2023-10-31Reduce
-1.56%
●
4.6 (C$5.73) 6.72
C$9.46
65.10%
Reduce -21.76%
7,562,750
-2,103,371
TSE:8283 		Paltac Corp2024-07-31Add
+1.47%
●
4084 (円4335.45) 4794
円4,258.00
-1.79%
Add 153.95%
575,200
348,700
XTER:DTG 		Daimler Truck Holding AG2023-07-31Sold Out
-1.47%
●
27.81 (€31.03) 34.15
€34.62
11.57%
Sold Out
0
-313,906
MEX:BOLSAA 		Bolsa Mexicana de Valores SAB de CV2024-01-31New Buy
+1.39%
●
28.4 (MXN32.93) 35.8
MXN31.80
-3.43%
New holding
4,227,162
4,227,162
TDW 		Tidewater Inc2024-01-31Reduce
-1.36%
●
56.21 ($64.87) 76.07
$50.27
-22.51%
Reduce -19.21%
446,891
-106,287
BSP:UGPA3 		Ultrapar Participacoes SA2024-01-31Reduce
-1.35%
●
21.21 (R$25.7) 28.31
R$18.04
-29.81%
Reduce -25.79%
5,136,860
-1,785,333
HCTPF 		Hutchison Port Holdings Trust2023-10-31Reduce
-1.34%
●
0.15 ($0.17) 0.19
$0.15
-11.76%
Reduce -97.17%
1,484,127
-50,895,700
TDW 		Tidewater Inc2023-10-31Reduce
-1.33%
●
59.49 ($66.3) 72.99
$50.27
-24.18%
Reduce -21.17%
553,178
-148,525
HA Hawaiian Holdings Inc2023-10-31Reduce
-1.23%
●
3.91 ($7.3) 11.14
$18.00
146.58%
Reduce -54.49%
623,225
-746,250
CMA 		Comerica Inc2023-04-30Add
+1.20%
●
39.92 ($56.1) 76.94
$72.32
28.91%
Add 74.5%
456,728
194,986
XTER:BMW 		Bayerische Motoren Werke AG2023-07-31Reduce
-1.18%
●
99.41 (€107.29) 112.9
€68.40
-36.25%
Reduce -20.85%
282,320
-74,388
HA Hawaiian Holdings Inc2024-07-31Sold Out
-1.13%
●
11.52 ($13.1) 14.07
$18.00
37.40%
Sold Out
0
-623,225
VAL 		Valaris Ltd2023-07-31Add
+1.08%
●
55 ($62.91) 76.8
$45.57
-27.56%
Add 36.84%
368,192
99,119
LSE:ASHM 		Ashmore Group PLC2023-10-31Reduce
-1.07%
●
1.66 (£1.88) 2.04
£1.75
-7.02%
Reduce -74.12%
989,199
-2,833,661
TSE:6856 		Horiba Ltd2023-07-31Add
+1.07%
●
7420 (円7935.8) 8425
円8,330.00
4.97%
Add 158.63%
208,200
127,700
TDW 		Tidewater Inc2023-04-30Reduce
-1.06%
●
39.27 ($44.67) 51.78
$50.27
12.54%
Reduce -14.81%
1,020,701
-177,442
HA Hawaiian Holdings Inc2023-01-31Add
+1.06%
●
9.67 ($12.69) 15.05
$18.00
41.84%
Add 110.58%
1,187,211
623,419
LSE:BIRG 		Bank of Ireland Group PLC2023-04-30Reduce
-1.02%
●
8.78 (€9.66) 10.63
€8.29
-14.18%
Reduce -18.32%
3,098,686
-695,193
LSE:ASHM 		Ashmore Group PLC2023-07-31Reduce
-1.00%
●
1.94 (£2.2) 2.44
£1.75
-20.55%
Reduce -37.55%
3,822,860
-2,298,800
TSE:8283 		Paltac Corp2024-04-30New Buy
+0.97%
●
3972 (円4278.08) 4765
円4,258.00
-0.47%
New holding
226,500
226,500
TDW 		Tidewater Inc2023-01-31Reduce
-0.92%
●
29.07 ($34.56) 43.4
$50.27
45.46%
Reduce -11.38%
1,198,143
-153,822
LSE:SFOR 		S4 Capital PLC2023-10-31Add
+0.91%
●
0.56 (£0.81) 1.05
£0.35
-56.37%
Add 34.88%
24,122,340
6,237,567
XSGO:VAPORES 		Compania Sud Americana de Vapores SA2023-07-31Add
+0.85%
●
54.05 (CLP63) 84.64
CLP52.30
-16.98%
Add 46%
251,900,377
79,362,053
TDW 		Tidewater Inc2024-04-30Reduce
-0.77%
●
65.08 ($83.31) 99.13
$50.27
-39.66%
Reduce -15.89%
375,892
-70,999
XTER:DBK 		Deutsche Bank AG2023-07-31Reduce
-0.76%
●
9.08 (€9.69) 10.55
€15.45
59.48%
Reduce -18.17%
2,198,228
-488,040
LSE:SFOR 		S4 Capital PLC2024-01-31Add
+0.68%
●
0.37 (£0.5) 0.7
£0.35
-29.32%
Add 31.33%
31,680,582
7,558,242
HKSE:00001 		CK Hutchison Holdings Ltd2023-01-31Add
+0.65%
●
39.25 (HK$45.44) 50.9
HK$40.10
-11.75%
Add 21.72%
4,171,335
744,253
TSE:6856 		Horiba Ltd2023-04-30New Buy
+0.63%
●
5950 (円7233.55) 7930
円8,330.00
15.16%
New holding
80,500
80,500
MIL:BZU 		Buzzi Spa2023-10-31Reduce
-0.63%
●
24.18 (€26.57) 28.38
€39.60
49.04%
Reduce -17.36%
739,479
-155,334
LSE:SFOR 		S4 Capital PLC2023-07-31Add
+0.63%
●
1.06 (£1.25) 1.46
£0.35
-71.73%
Add 22.35%
17,884,773
3,267,502
TSX:CS 		Capstone Copper Corp2024-07-31Reduce
-0.60%
●
8.73 (C$9.79) 11.2
C$9.46
-3.37%
Reduce -8.1%
6,950,473
-612,277
SGX:G13 		Genting Singapore Ltd2024-04-30Add
+0.58%
●
0.87 (S$0.94) 1.06
S$0.77
-18.62%
Add 34.7%
23,698,500
6,104,800
OSL:SUBC 		Subsea 7 SA2023-07-31Reduce
-0.57%
●
110.3 (kr121.97) 139.4
kr176.10
44.38%
Reduce -14.91%
2,025,711
-354,919
TSE:6856 		Horiba Ltd2023-10-31Add
+0.57%
●
7292 (円7773.52) 8324
円8,330.00
7.16%
Add 29.11%
268,800
60,600
OSL:SUBC 		Subsea 7 SA2024-04-30Reduce
-0.56%
●
135.05 (kr161.24) 184
kr176.10
9.22%
Reduce -14.9%
1,470,607
-257,506
TSE:3382 		Seven & i Holdings Co Ltd2023-04-30Add
+0.53%
●
1878.67 (円1996.13) 2196.3301
円2,576.00
29.05%
Add 24.37%
1,272,300
83,100
BSP:UGPA3 		Ultrapar Participacoes SA2023-07-31Reduce
-0.52%
●
14.27 (R$17.95) 19.79
R$18.04
0.50%
Reduce -15.54%
6,922,193
-1,274,003
TSX:LUN 		Lundin Mining Corp2023-10-31Reduce
-0.49%
●
8.63 (C$9.98) 11.76
C$13.79
38.18%
Reduce -14.71%
2,255,391
-389,097
HCC 		Warrior Met Coal Inc2023-10-31Reduce
-0.46%
●
38.23 ($44.74) 51.63
$70.30
57.13%
Reduce -6.21%
1,111,803
-73,579
BSP:UGPA3 		Ultrapar Participacoes SA2023-04-30Add
+0.43%
●
12.33 (R$13.6) 14.89
R$18.04
32.65%
Add 14.84%
8,196,196
1,059,127
BSP:UGPA3 		Ultrapar Participacoes SA2023-01-31Add
+0.43%
●
11.76 (R$12.99) 14.31
R$18.04
38.88%
Add 19.97%
7,137,069
1,187,988
HKSE:00001 		CK Hutchison Holdings Ltd2023-04-30Add
+0.42%
●
46.8 (HK$49.19) 52.5
HK$40.10
-18.48%
Add 10.71%
4,618,034
446,699
HKSE:00001 		CK Hutchison Holdings Ltd2024-04-30Add
+0.40%
●
35.6 (HK$39.59) 42.6
HK$40.10
1.29%
Add 16.15%
4,135,655
575,175
OSL:SUBC 		Subsea 7 SA2023-10-31Reduce
-0.40%
●
131.15 (kr141.27) 152.2
kr176.10
24.65%
Reduce -10.28%
1,817,408
-208,303
HKSE:00001 		CK Hutchison Holdings Ltd2023-07-31Reduce
-0.39%
●
46 (HK$49.05) 54.45
HK$40.10
-18.25%
Reduce -8.98%
4,203,357
-414,677
SGX:C07 		Jardine Cycle & Carriage Ltd2024-07-31Add
+0.39%
●
25.19 (S$26.65) 29
S$28.55
7.13%
Add 18.91%
916,800
145,800
LSE:ASHM 		Ashmore Group PLC2024-01-31Sold Out
-0.38%
●
1.66 (£1.98) 2.25
£1.75
-11.72%
Sold Out
0
-989,199
TSX:LUN 		Lundin Mining Corp2024-07-31Reduce
-0.36%
●
13.86 (C$15.42) 17.79
C$13.79
-10.57%
Reduce -9.82%
2,033,911
-221,480
LSE:CBG 		Close Brothers Group PLC2024-07-31Add
+0.35%
●
4.16 (£4.75) 5.49
£2.14
-54.99%
Add 17.39%
2,564,121
379,886
XTER:MBG 		Mercedes-Benz Group AG2024-04-30Add
+0.34%
●
62.85 (€71.6) 76.61
€52.33
-26.91%
Add 12.82%
277,119
31,486
XTER:BMW 		Bayerische Motoren Werke AG2024-07-31Add
+0.33%
●
85.82 (€92.1) 104.2
€68.40
-25.73%
Add 8.76%
321,094
25,851
TDW 		Tidewater Inc2024-07-31Reduce
-0.33%
●
91.7 ($100.15) 108.83
$50.27
-49.81%
Reduce -6.73%
350,596
-25,296
TSE:3382 		Seven & i Holdings Co Ltd2023-01-31Add
+0.32%
●
1803.67 (円1898.5601) 2051
円2,576.00
35.68%
Add 16.62%
1,023,000
48,600
HCC 		Warrior Met Coal Inc2023-01-31Reduce
-0.32%
●
32.11 ($35.86) 39.08
$70.30
96.04%
Reduce -4.14%
1,137,712
-49,123
CMA 		Comerica Inc2023-10-31Reduce
-0.31%
●
37.95 ($44.5) 53.34
$72.32
62.52%
Reduce -8.88%
414,147
-40,373
OSL:SUBC 		Subsea 7 SA2023-01-31Reduce
-0.31%
●
102.95 (kr112.25) 124.65
kr176.10
56.88%
Reduce -6.52%
2,535,141
-176,716
TSX:CS 		Capstone Copper Corp2023-01-31Add
+0.30%
●
3.34 (C$5) 6.58
C$9.46
89.20%
Add 4.85%
9,666,121
447,497
TSX:LUN 		Lundin Mining Corp2023-07-31Reduce
-0.29%
●
9.49 (C$10.63) 11.79
C$13.79
29.73%
Reduce -9.18%
2,644,488
-267,344
FPH 		Five Point Holdings LLC2023-04-30Sold Out
-0.29%
●
2.03 ($2.31) 2.7
$4.02
74.03%
Sold Out
0
-809,660
OSL:SUBC 		Subsea 7 SA2023-04-30Reduce
-0.27%
●
117.05 (kr127.8) 148.6
kr176.10
37.79%
Reduce -6.09%
2,380,630
-154,511
XSGO:VAPORES 		Compania Sud Americana de Vapores SA2023-04-30Add
+0.26%
●
69 (CLP79.77) 87.49
CLP52.30
-34.44%
Add 11.4%
172,538,324
17,658,321
SGX:C07 		Jardine Cycle & Carriage Ltd2023-01-31Add
+0.25%
●
27.56 (S$29.1) 31.53
S$28.55
-1.89%
Add 9.9%
893,800
80,500
LAZ 		Lazard Ltd2023-04-30Add
+0.24%
●
31.27 ($35.23) 41.16
$57.72
63.84%
Add 12.56%
481,253
53,708
SGX:C07 		Jardine Cycle & Carriage Ltd2023-10-31Reduce
-0.24%
●
28.19 (S$31.62) 34
S$28.55
-9.71%
Reduce -7.85%
771,000
-65,700
HCC 		Warrior Met Coal Inc2023-04-30Add
+0.23%
●
33.17 ($37.25) 42.44
$70.30
88.72%
Add 4.19%
1,185,382
47,670
MIL:BZU 		Buzzi Spa2023-07-31Reduce
-0.23%
●
21.36 (€22.87) 26.38
€39.60
73.15%
Reduce -6.74%
894,813
-64,690
XTER:BMW 		Bayerische Motoren Werke AG2024-01-31Add
+0.22%
●
89 (€96.59) 103.06
€68.40
-29.19%
Add 4.58%
295,243
12,923
XTER:DBK 		Deutsche Bank AG2023-01-31Add
+0.22%
●
9.67 (€10.69) 12.34
€15.45
44.57%
Add 4.63%
2,686,268
118,851
LSE:BIRG 		Bank of Ireland Group PLC2024-01-31Add
+0.22%
●
7.76 (€8.41) 8.85
€8.29
-1.43%
Add 5.11%
2,998,475
145,890
OSL:SUBC 		Subsea 7 SA2024-01-31Reduce
-0.22%
●
141.75 (kr148.47) 154.4
kr176.10
18.61%
Reduce -4.91%
1,728,113
-89,295
SGX:C07 		Jardine Cycle & Carriage Ltd2023-07-31Reduce
-0.21%
●
32.14 (S$33.86) 35.47
S$28.55
-15.68%
Reduce -6.39%
836,700
-57,100
XKRX:081660 		Fila Holdings2024-04-30Add
+0.21%
●
37000 (₩39745.1) 41900
₩41,000.00
3.16%
Add 10.44%
525,088
49,618
HA Hawaiian Holdings Inc2023-04-30Add
+0.21%
●
7.58 ($9.49) 12.32
$18.00
89.67%
Add 15.35%
1,369,475
182,264
LSE:BIRG 		Bank of Ireland Group PLC2023-07-31Reduce
-0.21%
●
8.56 (€9.13) 9.59
€8.29
-9.20%
Reduce -4.6%
2,956,287
-142,399
TSE:5233 		Taiheiyo Cement Corp2023-10-31Add
+0.20%
●
2471.5 (円2727.74) 3031
円3,752.00
37.55%
Add 7.71%
851,200
60,900
XTER:BMW 		Bayerische Motoren Werke AG2023-01-31Add
+0.18%
●
76.5 (€85.69) 93.22
€68.40
-20.18%
Add 3.79%
356,708
13,015
LSE:SFOR 		S4 Capital PLC2023-04-30Add
+0.18%
●
1.45 (£1.86) 2.46
£0.35
-81.00%
Add 4.84%
14,617,271
674,591
MIL:BZU 		Buzzi SpA2024-07-31Add
+0.16%
●
34.14 (€37.72) 39.98
€39.60
4.98%
Add 3.91%
768,412
28,933
TSE:5233 		Taiheiyo Cement Corp2023-01-31Add
+0.16%
●
1998 (円2080.97) 2236
円3,752.00
80.30%
Add 9.07%
790,300
65,700
XTER:DTG 		Daimler Truck Holding AG2023-04-30Add
+0.16%
●
28.7 (€30.72) 32.9
€34.62
12.70%
Add 12.5%
313,906
34,884
XTER:MBG 		Mercedes-Benz Group AG2024-01-31Add
+0.16%
●
55.97 (€60.62) 64.37
€52.33
-13.68%
Add 6.44%
245,633
14,861
LSE:BIRG 		Bank of Ireland Group PLC2023-10-31Reduce
-0.16%
●
8.25 (€9.13) 9.93
€8.29
-9.20%
Reduce -3.51%
2,852,585
-103,702
HCTPF 		Hutchison Port Holdings Trust2023-01-31Add
+0.16%
●
0.15 ($0.17) 0.2
$0.15
-11.76%
Add 12.71%
51,170,627
5,769,400
XSGO:VAPORES 		Compania Sud Americana de Vapores SA2024-07-31Add
+0.15%
●
55.85 (CLP64.81) 75.5
CLP52.30
-19.30%
Add 6.26%
267,675,100
15,774,723
LAZ 		Lazard Ltd2023-01-31Add
+0.15%
●
34.05 ($37.08) 40.89
$57.72
55.66%
Add 6.94%
427,545
27,747
XTER:MBG 		Mercedes-Benz Group AG2024-07-31Add
+0.14%
●
61.16 (€65.59) 73.3
€52.33
-20.22%
Add 5.73%
293,001
15,882
MEX:BOLSAA 		Bolsa Mexicana de Valores SAB de CV2024-07-31Add
+0.13%
●
28.33 (MXN31.3) 33.8
MXN31.80
1.60%
Add 14.23%
4,828,711
601,549
VAL 		Valaris Ltd2023-01-31Reduce
-0.13%
●
58.71 ($66.36) 75.21
$45.57
-31.33%
Reduce -3.95%
269,073
-11,077
LSE:HBR 		Harbour Energy PLC2024-07-31Add
+0.13%
●
2.8 (£3.06) 3.3
£2.59
-15.39%
Add 4.27%
5,741,462
235,017
100/Page
Total 112
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