Third Avenue Management Llc
- Regulatory AUM
- $1.6B
- Discretionary
- $1.6B
- Clients
- 17
- Avg AUM / client
- $95.7M
- Accounts
- 17
- Employees
- 19
AUM over time
Annual snapshots from Form ADV filings · as of Mar 27, 2026
Investments (13F portfolio — 53 positions, $616,036,133)
13F period Mar 31, 2026| # | Issuer | Class | Value | Shares | % of 13F | % of AUM |
|---|---|---|---|---|---|---|
| 1 | Tidewater Inc. | COM | $76,964,673 | 921,181 | 12.5% | 4.73% |
| 2 | Valaris Ltd. | COM | $49,822,555 | 508,186 | 8.09% | 3.06% |
| 3 | Boise Cascade Company | COM | $42,629,293 | 562,021 | 6.92% | 2.62% |
| 4 | Warrior Met Coal Inc. | COM | $33,906,786 | 364,002 | 5.5% | 2.08% |
| 5 | Harley Davidson Inc | COM | $29,575,187 | 1,462,670 | 4.8% | 1.82% |
| 6 | Robert Half, Inc. | COM | $22,959,187 | 903,905 | 3.73% | 1.41% |
| 7 | Brookfield Corp. | COM | $19,486,103 | 481,495 | 3.16% | 1.2% |
| 8 | Five Point Holdings Llc Cl A | COM | $18,688,024 | 3,861,162 | 3.03% | 1.15% |
| 9 | Cbre Group, Inc. | COM | $18,467,262 | 136,330 | 3.0% | 1.14% |
| 10 | Prologis Inc. | COM | $16,647,410 | 125,945 | 2.7% | 1.02% |
| 11 | Rogers Corp. | COM | $16,209,513 | 151,025 | 2.63% | 1.0% |
| 12 | U Haul Holding Company | COM | $12,703,031 | 284,375 | 2.06% | 0.78% |
| 13 | Lennar Corp Class B | CL B | $12,015,953 | 142,843 | 1.95% | 0.74% |
| 14 | Sun Communities Inc. | COM | $11,519,672 | 91,455 | 1.87% | 0.71% |
| 15 | Pulte Group Inc. | COM | $11,188,004 | 95,128 | 1.82% | 0.69% |
| 16 | Dr Horton Inc. | COM | $10,131,776 | 73,836 | 1.64% | 0.62% |
| 17 | Encore Capital Group Inc. | COM | $9,992,941 | 142,512 | 1.62% | 0.61% |
| 18 | Jones Lang Lasalle | COM | $9,862,098 | 32,407 | 1.6% | 0.61% |
| 19 | Fnf Group | COM | $8,972,443 | 193,455 | 1.46% | 0.55% |
| 20 | Umb Financial Corporation | COM | $8,825,254 | 78,245 | 1.43% | 0.54% |
| 21 | Myr Group Inc. | COM | $8,136,180 | 28,819 | 1.32% | 0.5% |
| 22 | Supernus Pharmaceuticals, Inc. | COM | $7,894,304 | 152,724 | 1.28% | 0.49% |
| 23 | Atlanta Braves Holdings Inc A | COM | $7,753,252 | 164,438 | 1.26% | 0.48% |
| 24 | Champion Homes, Inc. | COM | $7,493,298 | 100,757 | 1.22% | 0.46% |
| 25 | American Homes 4 Rent | CL A | $7,329,558 | 262,520 | 1.19% | 0.45% |
Top 25 of 53 positions from the manager's latest Form 13F · source filing (EDGAR) ↗. 13F covers long US-listed positions only. "% of AUM" is share of the firm's total regulatory AUM (Form ADV Item 5.F).
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Individuals (non-high net worth) | 9 | $28.5M | 1.75% |
| Investment companies | 5 | $1.6B | 96.4% |
| Pooled investment vehicles (non-investment companies) | 2 | $28.9M | 1.78% |
| Charitable organizations | 1 | $1.3M | 0.08% |
Private funds (1)
Reported in Form ADV Section 7.B.(1), filing of Mar 2024 · $17.9M combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Third Avenue Real Estate Opportunities Fund, L.P. | Hedge Fund | Delaware | $17.9M | 12 |
People (8)
roster as of Jul 20, 2026| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Fine, Matthew, Paul | Management Committee Member | Jul 2013 (13y) | Less than 5% | |
| Wolf, Jason, Andrew | Management Committee Member | Jul 2013 (13y) | Less than 5% | |
| Buono, Michael, Anthony | Chief Financial Officer | Jun 2016 (10y) | Less than 5% | |
| Dobratz, Ryan, A | Management Committee Member | May 2017 (9y) | Less than 5% | |
| Fox, Martha, Ellen | Chief Compliance Officer | Jul 2023 (3y) | Less than 5% | |
| Willard James Hall | Registered representative | Jan 2017 (10y) | ||
| Christopher Anthony Laregina | Registered representative | Sep 2021 (5y) | ||
| Candace Chapman | Registered representative | Sep 2021 (5y) |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Third Avenue Holdings Delaware Llc | Equityholder Of Third Avenue Management Llc | May 2002 | A | 75% or more |
| El Train Acquisition Llc | Equityholder And Managing Member Of Third Avenue Holdings Delaware Llc | Aug 2002 | B | ≈ 56.25% – 100% via Third Avenue Holdings Delaware Llc |
| Amg New York Holdings Corp. | Equityholder Of El Train Acquisition Llc | May 2002 | B | ≈ 42.19% – 100% via El Train Acquisition Llc |
| Affiliated Managers Group, Inc. | Equityholder Of Amg New York Holdings Corp. | May 2002 | B | ≈ 31.64% – 100% via Amg New York Holdings Corp. |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- El Train Acquisition Llc: 75% – 100% of Third Avenue Holdings Delaware Llc × 75% – 100% direct ≈ 56.25% – 100% of the firm
- Amg New York Holdings Corp.: 75% – 100% of El Train Acquisition Llc × 75% – 100% of Third Avenue Holdings Delaware Llc × 75% – 100% direct ≈ 42.19% – 100% of the firm
- Affiliated Managers Group, Inc.: 75% – 100% of Amg New York Holdings Corp. × 75% – 100% of El Train Acquisition Llc × 75% – 100% of Third Avenue Holdings Delaware Llc × 75% – 100% direct ≈ 31.64% – 100% of the firm
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Private funds (1, $17.9M gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Third Avenue Real Estate Opportunities Fund, L.P. | Hedge Fund | $17.9M | $1.0M | 12 |
From Form ADV Section 7.B private fund reporting.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/27/2026 | 1.07 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
Services
- • Portfolio management for individuals/small businesses
- • Portfolio management for investment companies
- • Portfolio management for pooled investment vehicles
- • Portfolio management for businesses/institutional clients
Custody
Reported custodians
- Cibc Mellon Trust Company $71.0M (3% of AUM) Jun 2020
- Interactive Brokers $28.2M (2% of AUM) Mar 2026
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports it does not have custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Mar 27, 2026.
View current Form ADV (SEC/IAPD) ↗