13F HOLDINGS REPORT
THIRD AVENUE MANAGEMENT LLC
Quarter ended Q4 2025 · Filed February 12, 2026 · Accession 0001099281-26-000003
Total Value
$550.2M
Positions
51
Other Managers
0
Confidential Omitted
No
Holdings (51)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | Warrior Met Coal Inc. | HCC | 583,320 | $51.4M | 9.35% |
| 2 | Tidewater Inc. | TDGMW | 873,071 | $44.1M | 8.01% |
| 3 | Boise Cascade Company | BCC | 429,999 | $31.6M | 5.75% |
| 4 | Valaris Ltd. | VAL-WT | 584,373 | $29.5M | 5.35% |
| 5 | Brookfield Corp. | 11271J107 | 548,119 | $25.2M | 4.57% |
| 6 | CBRE Group, Inc. | CBRE | 146,835 | $23.6M | 4.29% |
| 7 | Five Point Holdings LLC - CL A | FPH | 4,113,917 | $23.0M | 4.18% |
| 8 | Prologis Inc. | PLDGP | 145,451 | $18.6M | 3.37% |
| 9 | Rogers Corp. | ROG | 199,474 | $18.3M | 3.32% |
| 10 | Lennar Corp - Class B | LEN-B | 148,008 | $14.1M | 2.56% |
| 11 | Deutsche Bank AG | D18190898 | 337,193 | $13.0M | 2.36% |
| 12 | U-Haul Holding Company | UHAL-B | 259,246 | $12.1M | 2.20% |
| 13 | Sun Communities Inc. | 866674104 | 96,922 | $12.0M | 2.18% |
| 14 | PulteGroup Inc. | 745867101 | 100,684 | $11.8M | 2.15% |
| 15 | Jones Lang Lasalle | JLL | 34,351 | $11.6M | 2.10% |
| 16 | DR Horton Inc. | 23331A109 | 78,194 | $11.3M | 2.05% |
| 17 | FNF Group | FNF | 205,320 | $11.2M | 2.04% |
| 18 | Kaiser Aluminum Corp. | KALU | 85,363 | $9.8M | 1.78% |
| 19 | Supernus Pharmaceuticals, Inc. | SUPN | 189,493 | $9.4M | 1.71% |
| 20 | Collegium Pharmaceutical Inc. | COLL | 203,401 | $9.4M | 1.71% |
| 21 | Encore Capital Group Inc. | ECR | 171,022 | $9.3M | 1.69% |
| 22 | UMB Financial Corporation | 902788108 | 78,245 | $9.0M | 1.64% |
| 23 | Champion Homes, Inc. | SKY | 106,409 | $9.0M | 1.63% |
| 24 | American Homes 4 Rent | AMH-PG | 278,512 | $8.9M | 1.62% |
| 25 | MYR Group Inc. | MYRG | 35,554 | $7.8M | 1.41% |
| 26 | Proassurance Corp. | PRA | 292,990 | $7.1M | 1.29% |
| 27 | Prosperity Bancshares Inc. | PB | 102,168 | $7.1M | 1.28% |
| 28 | Atlanta Braves Holdings Inc - A | BATRB | 164,438 | $7.0M | 1.27% |
| 29 | LSB Industries Inc. | 502160104 | 789,447 | $6.7M | 1.22% |
| 30 | Octave Specialty Group | OSG | 782,093 | $6.1M | 1.11% |
| 31 | First Industrial Realty Trust, Inc. | 32054K103 | 104,728 | $6.0M | 1.09% |
| 32 | UniFirst Corporation | UNF | 28,434 | $5.5M | 1.00% |
| 33 | Investors Title Co. | ITIC | 21,894 | $5.5M | 0.99% |
| 34 | Central Securities Corporation | 155123102 | 101,812 | $5.2M | 0.94% |
| 35 | Wesco International | 95082P105 | 20,295 | $5.0M | 0.90% |
| 36 | Tri Pointe Group Inc. | TPH | 155,855 | $4.9M | 0.89% |
| 37 | Sandridge Energy Inc. | SD | 330,818 | $4.8M | 0.87% |
| 38 | ICF International, Inc. | 44925C103 | 52,864 | $4.5M | 0.82% |
| 39 | Rayonier Inc. | RYN | 188,340 | $4.1M | 0.74% |
| 40 | Weyerhaeuser Company | WY | 171,582 | $4.1M | 0.74% |
| 41 | Alamo Group, Inc. | ALG | 24,009 | $4.0M | 0.73% |
| 42 | Bluelinx Holdings Inc. | BXC | 64,339 | $4.0M | 0.72% |
| 43 | Cantaloupe, Inc. | CTLPP | 370,013 | $3.9M | 0.71% |
| 44 | PBF Energy Inc. | PBF | 131,050 | $3.6M | 0.65% |
| 45 | Southside Bancshares Inc. | SBSI | 116,879 | $3.6M | 0.65% |
| 46 | OceanFirst Financial Trust | 675234108 | 192,807 | $3.5M | 0.63% |
| 47 | FirstService Corp. | FSV | 18,714 | $2.9M | 0.53% |
| 48 | Flagstar Bank | FLG-PU | 217,305 | $2.7M | 0.50% |
| 49 | FRP Holdings Inc. | FRPH | 107,429 | $2.4M | 0.44% |
| 50 | Atlanta Braves Holdings Inc - C | BATRB | 26,104 | $1.0M | 0.19% |
| 51 | F&G Annuities and Life | FGSN | 12,319 | $380,047 | 0.07% |