Third Avenue Management LLC

Bought Harley-davidson, sold out of Deutsche Bank AG. Portfolio up 12% to $616.0M.

$616.0M portfolio53 holdingstop 10 = 53%filed 2026-05-13

1TDWTidewater Inc.12.49%
$77.0M - 921K shares+48K
2Valaris LTD.8.09%
$49.8M - 508K shares-76K
3BCCBoise Cascade Company6.92%
$42.6M - 562K shares+132K
4HCCWarrior Met Coal Inc.5.50%
$33.9M - 364K shares-219K
5Harley-davidson Inc4.80%
$29.6M - 1.5M sharesNEW
6RHIRobert Half, Inc.3.73%
$23.0M - 904K sharesNEW
7BNBrookfield Corp.3.16%
$19.5M - 481K shares-67K
8FPHFive Point Holdings LLC - 3.03%
$18.7M - 3.9M shares-253K
9CBRECbre Group, Inc.3.00%
$18.5M - 136K shares-11K
10PLDPrologis Inc.2.70%
$16.6M - 126K shares-20K
11ROGRogers Corp.2.63%
$16.2M - 151K shares-48K
12U-haul Holding Company2.06%
$12.7M - 284K shares+25K
13Lennar Corp - Class B1.95%
$12.0M - 143K shares-5K
14SUISun Communities Inc.1.87%
$11.5M - 91K shares-5K
15PHMPultegroup Inc.1.82%
$11.2M - 95K shares-6K
16DHIDR Horton Inc.1.64%
$10.1M - 74K shares-4K
17ECPGEncore Capital Group Inc.1.62%
$10.0M - 143K shares-29K
18JLLJones Lang Lasalle1.60%
$9.9M - 32K shares-2K
19FNFFNF Group1.46%
$9.0M - 193K shares-12K
20UMBFUmb Financial Corporation1.43%
$8.8M - 78K shares-
21MYRGMYR Group Inc.1.32%
$8.1M - 29K shares-7K
22SUPNSupernus Pharmaceuticals, 1.28%
$7.9M - 153K shares-37K
23BATRAAtlanta Braves Holdings In1.26%
$7.8M - 164K shares-
24SKYChampion Homes, Inc.1.22%
$7.5M - 101K shares-6K
25AMHAmerican Homes 4 Rent1.19%
$7.3M - 263K shares-16K
26TPHTri Pointe Group Inc.1.18%
$7.3M - 156K shares-
27UNFUnifirst Corporation1.16%
$7.2M - 28K shares-
28FSVFirstservice Corp.1.14%
$7.0M - 50K shares+32K
29PBProsperity Bancshares Inc.1.11%
$6.9M - 102K shares-
30PRAProassurance Corp.1.05%
$6.4M - 261K shares-32K
31BKDBrookdale Senior Living In1.03%
$6.3M - 464K sharesNEW
32PBFPBF Energy Inc.1.01%
$6.2M - 131K shares-
33OSGOctave Specialty Group1.01%
$6.2M - 1.3M shares+559K
34LXULSB Industries Inc.0.92%
$5.7M - 381K shares-408K
35ALGAlamo Group, Inc.0.92%
$5.7M - 34K shares+10K
36SDSandridge Energy Inc.0.88%
$5.4M - 331K shares-
37WCCWesco International0.85%
$5.3M - 19K shares-1K
38CPRXCatalyst Pharmaceuticals0.84%
$5.2M - 210K sharesNEW
39COLLCollegium Pharmaceutical I0.83%
$5.1M - 155K shares-48K
40CETCentral Securities Corpora0.82%
$5.1M - 102K shares-
41ITICInvestors Title Co.0.77%
$4.8M - 22K shares-
42FRFirst Industrial Realty Tr0.76%
$4.7M - 81K shares-24K
43ICFIIcf International, Inc.0.76%
$4.7M - 72K shares+19K
44OCFCOceanfirst Financial Trust0.72%
$4.4M - 247K shares+54K
45FLGFlagstar Bank0.71%
$4.4M - 331K shares+114K
46WYWeyerhaeuser Company0.64%
$4.0M - 162K shares-9K
47SBSISouthside Bancshares Inc.0.59%
$3.6M - 117K shares-
48KALUKaiser Aluminum Corp.0.58%
$3.6M - 30K shares-55K
49BXCBluelinx Holdings Inc.0.57%
$3.5M - 64K shares+30
50QLYSQualy's, Inc.0.56%
$3.4M - 39K sharesNEW
51FRPHFRP Holdings Inc.0.38%
$2.3M - 107K shares-269
52COMPCompass Inc.0.22%
$1.4M - 187K sharesNEW
53BATRKAtlanta Braves Holdings In0.18%
$1.1M - 26K shares-

#	Stock
1	TDWTidewater Inc.	12.49%	$77.0M	921K	+48K
2	Valaris LTD.	8.09%	$49.8M	508K	-76K
3	BCCBoise Cascade Company	6.92%	$42.6M	562K	+132K
4	HCCWarrior Met Coal Inc.	5.50%	$33.9M	364K	-219K
5	Harley-davidson Inc	4.80%	$29.6M	1.5M	NEW
6	RHIRobert Half, Inc.	3.73%	$23.0M	904K	NEW
7	BNBrookfield Corp.	3.16%	$19.5M	481K	-67K
8	FPHFive Point Holdings LLC -	3.03%	$18.7M	3.9M	-253K
9	CBRECbre Group, Inc.	3.00%	$18.5M	136K	-11K
10	PLDPrologis Inc.	2.70%	$16.6M	126K	-20K
11	ROGRogers Corp.	2.63%	$16.2M	151K	-48K
12	U-haul Holding Company	2.06%	$12.7M	284K	+25K
13	Lennar Corp - Class B	1.95%	$12.0M	143K	-5K
14	SUISun Communities Inc.	1.87%	$11.5M	91K	-5K
15	PHMPultegroup Inc.	1.82%	$11.2M	95K	-6K
16	DHIDR Horton Inc.	1.64%	$10.1M	74K	-4K
17	ECPGEncore Capital Group Inc.	1.62%	$10.0M	143K	-29K
18	JLLJones Lang Lasalle	1.60%	$9.9M	32K	-2K
19	FNFFNF Group	1.46%	$9.0M	193K	-12K
20	UMBFUmb Financial Corporation	1.43%	$8.8M	78K	-
21	MYRGMYR Group Inc.	1.32%	$8.1M	29K	-7K
22	SUPNSupernus Pharmaceuticals,	1.28%	$7.9M	153K	-37K
23	BATRAAtlanta Braves Holdings In	1.26%	$7.8M	164K	-
24	SKYChampion Homes, Inc.	1.22%	$7.5M	101K	-6K
25	AMHAmerican Homes 4 Rent	1.19%	$7.3M	263K	-16K
26	TPHTri Pointe Group Inc.	1.18%	$7.3M	156K	-
27	UNFUnifirst Corporation	1.16%	$7.2M	28K	-
28	FSVFirstservice Corp.	1.14%	$7.0M	50K	+32K
29	PBProsperity Bancshares Inc.	1.11%	$6.9M	102K	-
30	PRAProassurance Corp.	1.05%	$6.4M	261K	-32K
31	BKDBrookdale Senior Living In	1.03%	$6.3M	464K	NEW
32	PBFPBF Energy Inc.	1.01%	$6.2M	131K	-
33	OSGOctave Specialty Group	1.01%	$6.2M	1.3M	+559K
34	LXULSB Industries Inc.	0.92%	$5.7M	381K	-408K
35	ALGAlamo Group, Inc.	0.92%	$5.7M	34K	+10K
36	SDSandridge Energy Inc.	0.88%	$5.4M	331K	-
37	WCCWesco International	0.85%	$5.3M	19K	-1K
38	CPRXCatalyst Pharmaceuticals	0.84%	$5.2M	210K	NEW
39	COLLCollegium Pharmaceutical I	0.83%	$5.1M	155K	-48K
40	CETCentral Securities Corpora	0.82%	$5.1M	102K	-
41	ITICInvestors Title Co.	0.77%	$4.8M	22K	-
42	FRFirst Industrial Realty Tr	0.76%	$4.7M	81K	-24K
43	ICFIIcf International, Inc.	0.76%	$4.7M	72K	+19K
44	OCFCOceanfirst Financial Trust	0.72%	$4.4M	247K	+54K
45	FLGFlagstar Bank	0.71%	$4.4M	331K	+114K
46	WYWeyerhaeuser Company	0.64%	$4.0M	162K	-9K
47	SBSISouthside Bancshares Inc.	0.59%	$3.6M	117K	-
48	KALUKaiser Aluminum Corp.	0.58%	$3.6M	30K	-55K
49	BXCBluelinx Holdings Inc.	0.57%	$3.5M	64K	+30
50	QLYSQualy's, Inc.	0.56%	$3.4M	39K	NEW
51	FRPHFRP Holdings Inc.	0.38%	$2.3M	107K	-269
52	COMPCompass Inc.	0.22%	$1.4M	187K	NEW
53	BATRKAtlanta Braves Holdings In	0.18%	$1.1M	26K	-

What a 13F does not show

Filed up to 45 days after the quarter ends, so this is Q1 2026, not today. US-listed shares and some options only. No short bets, cash, bonds, or foreign listings.