THIRD AVENUE MANAGEMENT LLC 13F: Quarter-over-Quarter Portfolio Changes
THIRD AVENUE MANAGEMENT LLC reported a disclosed portfolio value of approximately $625.3 million in its latest SEC Form 13F-HR filing for Q2 2026, up 1.5% quarter on quarter. Over the quarter, the manager initiated 4 new positions, bought more shares in 13 holdings, trimmed 23 holdings, and exited 2 positions.
THIRD AVENUE MANAGEMENT LLC's top buy was a new stake in Taylor Morrison Home CORP (TMHC) , equal to 1.0% of the disclosed portfolio. Its top sell was Tri Pointe Group INC. (TPH) . The manager exited the position completely after it had accounted for 1.2% of the previous portfolio.
New PositionsQ2 2026
Securities disclosed for the first time in Q2 2026 that were not present in the prior 13F-HR filing.
| Company | Ticker | Initial Portfolio Weight | History |
|---|---|---|---|
| TAYLOR MORRISON HOME CORP | TMHC | 1.0% | Holders → |
| MAXIMUS INC | MMS | 0.6% | Holders → |
| HONGKONG LAND HOLDINGS LTD | HKHGF | 0.6% | Holders → |
| CRA INTERNATIONAL INC | CRAI | 0.5% | Holders → |
Top BuysQ2 2026
Showing the top 10 buys among 13 existing positions where the manager bought more shares in Q2 2026. Ranked by portfolio-weight impact, with the percentage of additional shares shown separately.
| Company | Ticker | Portfolio Weight Change | More Shares | History |
|---|---|---|---|---|
| ICF INTL INC | ICFI | +0.4% | +37.9% | Holders → |
| ROBERT HALF INC | RHI | +2.2% | +33.7% | History → |
| ALAMO GROUP INC | ALG | +0.2% | +23.1% | Holders → |
| FIRSTSERVICE CORP NEW | FSV | +0.3% | +22.8% | Holders → |
| COLLEGIUM PHARMACEUTICAL INC | COLL | +0.2% | +17.7% | Holders → |
| BOISE CASCADE CO DEL | BCC | +0.6% | +7.1% | History → |
| BROOKDALE SENIOR LIVING INC | BKD | +0.2% | +6.7% | Holders → |
| SANDRIDGE ENERGY, INC. | SD | +-0.1% | +6.6% | Holders → |
| LENNAR CORP | LEN/B | +0.2% | +4.8% | – |
| VALARIS LTD | VAL | +-2.1% | +1.6% | History → |
Top SellsQ2 2026
Showing the top 10 sells among 23 existing positions where the manager sold shares in Q2 2026. Ranked by portfolio-weight impact. Full exits are listed separately.
| Company | Ticker | Portfolio Weight Change | Shares Sold | History |
|---|---|---|---|---|
| ROGERS CORP | ROG | -1.0% | 59.2% | Holders → |
| MYR GROUP INC | MYRG | -0.3% | 54.7% | Holders → |
| ATLANTA BRAVES HOLDINGS INC | BATRA | -0.3% | 32.0% | Holders → |
| UNIFIRST CORP MASS | UNF | -0.3% | 26.8% | Holders → |
| WARRIOR MET COAL INC | HCC | -1.8% | 21.6% | History → |
| BROOKFIELD CORP | BN | -0.5% | 18.0% | History → |
| PROLOGIS INC. | PLD | -0.4% | 16.8% | History → |
| WESCO INTL INC | WCC | 0.1% | 11.8% | Holders → |
| ENCORE CAPITAL GROUP INC | ECPG | 0.3% | 9.0% | Holders → |
| D.R. HORTON, INC. | DHI | 0.2% | 6.3% | Holders → |
Full ExitsQ2 2026
Positions present in the prior 13F-HR filing that no longer appear in Q2 2026.
| Company | Ticker | Last-Reported Portfolio Weight |
|---|---|---|
| TRI POINTE GROUP INC. | TPH | 1.2% |
| PROASSURANCE CORP. | PRA | 1.0% |
Net Portfolio Value ChangeQ2 2026
- $0.6BPrior quarter
- $0.6BCurrent quarter
- +$0.0BNet delta
- +1.5%% change
Methodology & FAQ
How THIRD AVENUE MANAGEMENT LLC Quarterly Changes Are Computed
All deltas are sourced from sequential SEC Form 13F-HR filings for THIRD AVENUE MANAGEMENT LLC: each row joins the most recent filing against the immediately preceding quarterly filing for the same fund. Share-count changes reflect reported trading activity, while portfolio weights can also move because of market price changes. Portfolio weights are normalized to exclude listed options for comparability. A complete description, including how confidential treatment filings are handled, is documented in the Methodology.
What stocks did THIRD AVENUE MANAGEMENT LLC buy in Q2 2026?
In Q2 2026, THIRD AVENUE MANAGEMENT LLC initiated 4 new positions (TAYLOR MORRISON HOME CORP (TMHC), MAXIMUS INC (MMS), HONGKONG LAND HOLDINGS LTD (HKHGF), CRA INTERNATIONAL INC (CRAI)); bought more shares of ICF INTL INC (ICFI), ROBERT HALF INC (RHI), ALAMO GROUP INC (ALG), FIRSTSERVICE CORP NEW (FSV), COLLEGIUM PHARMACEUTICAL INC (COLL) (the largest 5 of 13 adds).
What stocks did THIRD AVENUE MANAGEMENT LLC sell in Q2 2026?
In Q2 2026, THIRD AVENUE MANAGEMENT LLC fully sold 2 positions (TRI POINTE GROUP INC. (TPH), PROASSURANCE CORP. (PRA)); reduced holdings in ROGERS CORP (ROG), MYR GROUP INC (MYRG), ATLANTA BRAVES HOLDINGS INC (BATRA), UNIFIRST CORP MASS (UNF), WARRIOR MET COAL INC (HCC) (the largest 5 of 23 reductions).
Which positions did THIRD AVENUE MANAGEMENT LLC initiate in Q2 2026?
THIRD AVENUE MANAGEMENT LLC established 4 new positions in Q2 2026: TAYLOR MORRISON HOME CORP (TMHC, 1.0%), MAXIMUS INC (MMS, 0.6%), HONGKONG LAND HOLDINGS LTD (HKHGF, 0.6%), CRA INTERNATIONAL INC (CRAI, 0.5%).
Which existing positions saw the largest allocation increases for THIRD AVENUE MANAGEMENT LLC in Q2 2026?
Of 13 existing positions with share-count increases in Q2 2026, the largest were: ICF INTL INC (ICFI, +0.4% weight, +37.9% shares), ROBERT HALF INC (RHI, +2.2% weight, +33.7% shares), ALAMO GROUP INC (ALG, +0.2% weight, +23.1% shares), FIRSTSERVICE CORP NEW (FSV, +0.3% weight, +22.8% shares), COLLEGIUM PHARMACEUTICAL INC (COLL, +0.2% weight, +17.7% shares), BOISE CASCADE CO DEL (BCC, +0.6% weight, +7.1% shares), BROOKDALE SENIOR LIVING INC (BKD, +0.2% weight, +6.7% shares), SANDRIDGE ENERGY, INC. (SD, +-0.1% weight, +6.6% shares), LENNAR CORP (LEN/B, +0.2% weight, +4.8% shares), VALARIS LTD (VAL, +-2.1% weight, +1.6% shares).
Which positions did THIRD AVENUE MANAGEMENT LLC fully exit in Q2 2026?
THIRD AVENUE MANAGEMENT LLC fully exited 2 positions in Q2 2026: TRI POINTE GROUP INC. (TPH, last-reported weight 1.2%), PROASSURANCE CORP. (PRA, last-reported weight 1.0%).
Which existing positions saw the largest allocation reductions for THIRD AVENUE MANAGEMENT LLC in Q2 2026?
Of 23 existing positions with share-count reductions in Q2 2026, the largest were: ROGERS CORP (ROG, -1.0% weight, -59.2% shares), MYR GROUP INC (MYRG, -0.3% weight, -54.7% shares), ATLANTA BRAVES HOLDINGS INC (BATRA, -0.3% weight, -32.0% shares), UNIFIRST CORP MASS (UNF, -0.3% weight, -26.8% shares), WARRIOR MET COAL INC (HCC, -1.8% weight, -21.6% shares), BROOKFIELD CORP (BN, -0.5% weight, -18.0% shares), PROLOGIS INC. (PLD, -0.4% weight, -16.8% shares), WESCO INTL INC (WCC, 0.1% weight, -11.8% shares), ENCORE CAPITAL GROUP INC (ECPG, 0.3% weight, -9.0% shares), D.R. HORTON, INC. (DHI, 0.2% weight, -6.3% shares).
Do quarter-over-quarter 13F allocation changes constitute explicit trading signals?
No. Quarter-over-quarter changes reflect a combination of active trading and market price movement. A weight increase can result from price appreciation alone, without the manager adding shares. Share-count delta is the cleaner indicator of explicit trading activity. All deltas on this page are sourced from sequential SEC Form 13F-HR filings.