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Livermore
Livermore
ZHEN

Third Avenue Management LLC

SEC CIK
0001099281
Latest filing
Aug 12, 2026

The latest 13F from Third Avenue Management LLC covers Q2 2026 (filed Aug 12, 2026): 55 long positions worth $625.3M. The top 10 holdings make up 50.2% of the portfolio, and the largest is Tidewater Inc (TDW) at 10.0%. Livermore has 23 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q2 2026

Share counts compared with Q1 2026: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.

Full comparison
New
4
Est. +$17.0M
Added
13
Est. +$21.7M
Reduced
23
Est. −$44.5M
Sold out
2
Est. −$13.7M

Top 5 holdings

Share of this quarter's portfolio value

  1. TDWTidewater Inc
    10.0%$62.2MHistory
  2. BCCBoise Cascade Co
    7.5%$46.7MHistory
  3. VALValaris Ltd
    6.0%$37.5MHistory
  4. RHIRobert Half Inc.
    5.9%$37.1MHistory
  5. HOGHarley-Davidson, Inc.
    5.8%$36.2MHistory

Share of portfolio

Top 5 holdings and the other 50 positions, by share of portfolio value

  1. TDW10.0%
  2. BCC7.5%
  3. VAL6.0%
  4. RHI5.9%
  5. HOG5.8%
  6. Other 50 positions64.9%

Biggest buys

New and added positions, by estimated amount bought

  1. RHIRobert Half Inc.
    +$9.35MAddedHistory
  2. TMHCTaylor Morrison Home Corp
    +$6.17MNewHistory
  3. MMSMaximus, Inc.
    +$3.98MNewHistory
  4. Hongkong Land Holdings LtdG4587L109
    +$3.92MNew
  5. BCCBoise Cascade Co
    +$3.11MAddedHistory

Largest weight increases

New and added positions, by percentage points of the portfolio gained

  1. RHIRobert Half Inc.
    +2.21 pp3.7% → 5.9%History
  2. HOGHarley-Davidson, Inc.
    +0.99 pp4.8% → 5.8%History
  3. TMHCTaylor Morrison Home Corp
    +0.99 pp0.0% → 1.0%History
  4. MMSMaximus, Inc.
    +0.64 pp0.0% → 0.6%History
  5. Hongkong Land Holdings LtdG4587L109
    +0.63 pp0.0% → 0.6%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. ROGRogers Corp
    −$14.6MReducedHistory
  2. MYRGMyr Group Inc.
    −$7.88MReducedHistory
  3. TPHTri Pointe Homes, Inc.
    −$7.28MSold outHistory
  4. PRAProassurance Corp
    −$6.44MSold outHistory
  5. HCCWarrior Met Coal, Inc.
    −$6.38MReducedHistory

Largest weight decreases

Reduced and sold-out positions, by percentage points of the portfolio lost

  1. HCCWarrior Met Coal, Inc.
    −1.80 pp5.5% → 3.7%History
  2. TPHTri Pointe Homes, Inc.
    −1.18 pp1.2% → 0.0%History
  3. PRAProassurance Corp
    −1.05 pp1.0% → 0.0%History
  4. ROGRogers Corp
    −1.02 pp2.6% → 1.6%History
  5. BNBROOKFIELD Corp
    −0.47 pp3.2% → 2.7%History

Metrics

13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.

Portfolio value
$625.3M
+$9.31M (+1.5%) vs. prior quarter
Positions
55
+2 vs. prior quarter
Top 10 concentration
50.2%
Top 10 as share of value
Turnover
6.2%
Q2 2026, one quarter
Average holding period
13.5 quarters
Weighted by value

How these are calculated

  • Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
  • Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
  • Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
  • Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q1 2021), so positions held before then are understated.

13F filings by quarter

22 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $760.4M (Q4 2021)

Q1 2021: $756.2MQ2 2021: $755.7MQ3 2021: $743.1MQ4 2021: $760.4MQ1 2022: $733.9MQ2 2022: $561.8MQ3 2022: $508.3MQ4 2022: $574.9MQ1 2023: $585.2MQ2 2023: $606.0MQ3 2023: $596.5MQ4 2023: $609.3MQ1 2024: $626.7MQ2 2024: $583.0MQ3 2024: $611.6MQ4 2024: $516.8MQ1 2025: $498.7MQ2 2025: $484.9MQ3 2025: $532.7MQ4 2025: $550.2MQ1 2026: $616.0MQ2 2026: $625.3M
Q1 2021Q2 2026
13F filings of Third Avenue Management LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 12, 202655$625.3MTDWBCCVALvs. Q1 2026SEC
Q1 2026May 13, 202653$616.0MTDWVALBCCvs. Q4 2025SEC
Q4 2025Feb 12, 202651$550.2MHCCTDWBCCvs. Q3 2025SEC
Q3 2025Nov 14, 202550$532.7MTDWHCCVALvs. Q2 2025SEC
Q2 2025Aug 13, 202552$484.9MTDWDBHCCvs. Q1 2025SEC
Q1 2025May 14, 202561$498.7MTDWDBHCCvs. Q4 2024SEC
Q4 2024Feb 13, 202559$516.8MDBTDWHCCvs. Q3 2024SEC
Q3 2024Nov 14, 202459$611.6MHCCDBTDWvs. Q2 2024SEC
Q2 2024Aug 13, 202459$583.0MTDWHCCDBvs. Q1 2024SEC
Q1 2024May 13, 202458$626.7MTDWHCCDBvs. Q4 2023SEC
Q4 2023Feb 14, 202459$609.3MHCCTDWDBvs. Q3 2023SEC
Q3 2023Nov 15, 202359$596.5MHCCTDWVALvs. Q2 2023SEC
Q2 2023Aug 14, 202358$606.0MTDWHCCDBvs. Q1 2023SEC
Q1 2023May 16, 2023Amended54$585.2MTDWHCCDBvs. Q4 2022SEC
Q4 2022Feb 10, 202355$574.9MTDWHCCDBvs. Q3 2022SEC
Q3 2022Nov 14, 202253$508.3MTDWHCCLEN.Bvs. Q2 2022SEC
Q2 2022Aug 12, 202256$561.8MTDWHCCFPHvs. Q1 2022SEC
Q1 2022May 13, 202258$733.9MFPHHCCTDWvs. Q4 2021SEC
Q4 2021Feb 11, 202259$760.4MFPHHCCLEN.Bvs. Q3 2021SEC
Q3 2021Nov 12, 202159$743.1MFPHBAMHCCvs. Q2 2021SEC
Q2 2021Aug 13, 202160$755.7MFPHBAMLEN.Bvs. Q1 2021SEC
Q1 2021May 14, 202161$756.2MFPHLEN.BBAM–SEC

13D and 13G filings

Companies where Third Avenue Management LLC reports owning 5% or more on Schedule 13D or 13G, and its latest filings.

Current stakes of 5% or more

Third Avenue Management LLC does not currently report owning 5% or more of any company.

Latest filings

14 filings on file made by Third Avenue Management LLC or listing it as a reporting person, newest first.

Schedule 13D and 13G filings by Third Avenue Management LLC
CompanyFiled (ET)FormStakeChangeEvent dateFiling
TPHSTrinity Place Holdings Inc.Mar 22, 202413D/AOld format–––SEC
TPHSTrinity Place Holdings Inc.Mar 20, 202413D/AOld format–––SEC
TPHSTrinity Place Holdings Inc.Jan 8, 202413D/AOld format–––SEC
FPHFive Point Holdings, LLCNov 8, 202313G/AOld format–––SEC
FPHFive Point Holdings, LLCFeb 10, 202313G/AOld format–––SEC
HBBHamilton Beach Brands Holding CoFeb 10, 202313G/AOld format–––SEC
TDWTidewater IncNov 10, 202213G/AOld format–––SEC
FPHFive Point Holdings, LLCNov 9, 202213G/AOld format–––SEC
TPHSTrinity Place Holdings Inc.May 6, 202213D/AOld format–––SEC
HBBHamilton Beach Brands Holding CoApr 8, 202213GOld format–New–SEC
FPHFive Point Holdings, LLCFeb 11, 202213G/AOld format–––SEC
TDWTidewater IncFeb 11, 202213G/AOld format–––SEC
FPHFive Point Holdings, LLCFeb 12, 202113G/AOld format–––SEC
TDWTidewater IncFeb 12, 202113G/AOld format–––SEC