Third Avenue Management
Superinvestor profile · Rank #129 by reported 13F value (2026 Q2 filers) · CIK 0001099281 · All profiles
Founded 1986New York, New York, U.S.Deep value, safe and cheapKey person: Martin J. Whitman
Reported 13F value
$625M
Period 2026-06-30 · Filed 2026-08-12
Positions
55
Top 10 = 50.2% of value
Clone CAGR (full window)
+11.1%
2016-11-14 → 2026-10-02 · cumulative +183%
SPY CAGR (same window)
+15.5%
Cumulative +316%
Max drawdown (monthly)
-42%
Month-end values, approximate
Latest-quarter activity
4 new · 2 exited
13 increased · 23 decreased
Hypothetical clone — not this fund's returns. The performance on this page replicates only the long U.S. equity positions disclosed on this manager's Form 13F filings, rebalanced on filing dates at disclosed weights with dividend-adjusted prices. It excludes shorts, bonds, cash, non-U.S. listings, private holdings, leverage and fees. Treat it as a measure of how the disclosed stock picks performed, never as the fund's track record. Evidence: filing-by-filing dossier (PDF) · Methodology (PDF)
Clone performance
| Window | Clone CAGR | Note |
|---|---|---|
| Full window (2016-11-14 → 2026-10-02, 40 filings) | +11.10% | Cumulative +182.9% vs SPY +316.1% |
| Trailing 10Y | — | |
| Trailing 5Y | +15.62% | |
| Trailing 3Y | +18.06% | |
| Trailing 1Y | +18.14% |
Top holdings — 2026 Q2 filing
| Ticker | Company | Weight | Reported value |
|---|---|---|---|
| TDW | Tidewater Inc | 9.95% | $62M |
| BCC | Boise Cascade Co | 7.47% | $47M |
| VAL | Valaris Ltd | 5.99% | $37M |
| RHI | Robert Half Inc | 5.93% | $37M |
| HOG | Harley-Davidson Inc | 5.79% | $36M |
| HCC | Warrior Met Coal Inc | 3.70% | $23M |
| FPH | Five Point Holdings Llc | 3.11% | $19M |
| CBRE | Cbre Group Inc | 2.93% | $18M |
| BN | Brookfield Corp | 2.69% | $17M |
| UHAL | U-Haul Holding Co | 2.62% | $16M |
As reported on the 2026-06-30 Form 13F (filed 2026-08-12). Full holdings and quarter changes: holdings page.
Filing history in this profile
Every clone input traces to one of these SEC filings. 91.3% of the latest filing's reported value is covered by our price history; the remainder is mostly non-U.S. listings, recent IPOs or delisted names and is excluded from the clone.
Background (founded / HQ / style) source: https://www.institutionalinvestor.com/article/b17tfr5ddg78rj/martin-whitman,-founder-of-third-avenue,-dies-at-93 — Opened for business in New York City in 1986 under Martin Whitman; flagship Third Avenue Value Fund launched three years later, following Whitman's 'safe and cheap' maxim.