Third Avenue Management Portfolio

Third Avenue Management LLC Holdings

Third Avenue Management portfolio overview (top five stocks) — focused equity investment approach emphasizing established, cash-generative and operationally driven companies across industrial, energy services, logistics/building materials, staffing, and consumer/mobility sectors. This investor’s portfolio highlights diversified exposure to U.S.-listed and global growth opportunities through quality stocks with clear business fundamentals.
1. Tidewater Inc. (Ordinary Shares) — Energy shipping investment: supports an offshore/energy transport thesis tied to demand cycles and fleet utilization dynamics.
2. Boise Cascade Co — Building materials & distribution investment: offers exposure to construction supply chains, inventory discipline, and pricing power in cyclical markets.
3. Robert Half Inc — Staffing & professional services investment: emphasizes recurring workforce solutions demand, margins from specialization, and resilient cash flow characteristics.
4. Valaris Ltd — Offshore drilling / energy services investment: aligns with a higher-beta recovery view for rig utilization and long-term contract visibility in the energy sector.
5. Harley-Davidson, Inc. — Consumer durable & brand-led investment: targets brand strength, product-cycle momentum, and monetization of premium motorcycle demand.