Third Avenue Management – Largest Position Reductions (2025 Q4)
This report summarizes the most meaningful reductions and sell-offs made by Third Avenue Management in 2025 Q4. The analysis highlights which positions were trimmed or exited, providing insight into how the investor adjusted risk exposure and portfolio strategy.
| Symbol | Shares | Reported Price(USD) | Action | Change % | Portfolio Weight | Position Value | Filing Period |
|---|---|---|---|---|---|---|---|
| HCC | 583,320 | $88.17 | Reduced | -9.13% | 9.35% | $51.43M | 2025 Q4 |
| TDW | 873,071 | $50.51 | Reduced | -0.18% | 8.02% | $44.1M | 2025 Q4 |
| VAL | 584,373 | $50.4 | Reduced | -0.21% | 5.35% | $29.45M | 2025 Q4 |
| BN | 548,119 | $45.89 | Reduced | -3.39% | 4.57% | $25.15M | 2025 Q4 |
| CBRE | 146,835 | $160.79 | Reduced | -5.07% | 4.29% | $23.61M | 2025 Q4 |
| JLL | 34,351 | $336.47 | Reduced | -33.45% | 2.10% | $11.56M | 2025 Q4 |
| KALU | 85,363 | $114.86 | Reduced | -4.66% | 1.78% | $9.8M | 2025 Q4 |
| UMBF | 78,245 | $115.04 | Reduced | -19.76% | 1.64% | $9M | 2025 Q4 |
| PRA | 292,990 | $24.16 | Reduced | -19.51% | 1.29% | $7.08M | 2025 Q4 |
| FR | 104,728 | $57.27 | Reduced | -1.52% | 1.09% | $6M | 2025 Q4 |
| RYN | 188,340 | $21.65 | Reduced | -13.63% | 0.74% | $4.08M | 2025 Q4 |
| SBSI | 116,879 | $30.39 | Reduced | -44.19% | 0.65% | $3.55M | 2025 Q4 |
| FRPH | 107,429 | $22.79 | Reduced | -39.83% | 0.45% | $2.45M | 2025 Q4 |
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