Third Avenue Management's top holdings (May 2026) include Tidewater Inc. (TDW), a global provider of offshore support vessels for the energy industry.

Third Avenue Management is an investment advisory firm known for its value investing philosophy. The firm employs a fundamental, research-intensive approach to identify and invest in what it considers undervalued assets, managing a range of funds for its clients.

Tidewater Inc. (TDW)

Tidewater Inc. is a leading provider of offshore support vessels, serving the global energy industry, particularly in oil and gas exploration and production. Its fleet supports various stages of offshore operations, from exploration to development and decommissioning. Tidewater Inc. holds a market capitalization of $4.39 billion, with Third Avenue Management's position currently valued at $77.99 million. Analysts have set a price target of $117.0 for Tidewater, while its discounted cash flow analysis suggests a value of $202.03 per share.
Here's an overview of Third Avenue Management's trades in Tidewater Inc.:

Valaris Ltd (VAL)

Valaris Ltd operates as an offshore contract drilling company, providing services to the global energy industry. The company specializes in harsh-environment and ultra-deepwater drilling, offering a diverse fleet of rigs for various operational needs. The company's market cap stands at $6.31 billion, while the current value of Third Avenue Management's holding is $59.59 million. A discounted cash flow valuation for Valaris suggests a value of $-97.89 per share, and analysts have established a price target of $96.0.
Here's an overview of Third Avenue Management's trades in Valaris Ltd:

Warrior Met Coal Inc (HCC)

Warrior Met Coal Inc is a producer and exporter of metallurgical coal, essential for steel production. Operating primarily from its underground mines in Alabama, the company serves customers globally. This holding in Third Avenue Management's portfolio is currently worth $52.41 million. Warrior Met Coal has a market capitalization of $4.56 billion. The discounted cash flow for the company is estimated at $72.88 per share, and analysts have assigned a price target of $111.0.
Here's an overview of Third Avenue Management's trades in Warrior Met Coal Inc:

Boise Cascade Co (BCC)

Boise Cascade Co is a manufacturer of engineered wood products and a wholesale distributor of building materials, serving residential and commercial construction markets. Its offerings include plywood, lumber, and other essential building components. The current value of Third Avenue Management's position in Boise Cascade Co is $34.09 million. The company's market capitalization is $3.02 billion. Analysts provide a price target of $97.5 for the company, with its discounted cash flow value calculated at $106.95 per share.
Here's an overview of Third Avenue Management's trades in Boise Cascade Co:

Rogers Corp. (ROG)

Rogers Corp. is a global leader in engineered materials, designing and manufacturing specialty materials and components that enable high performance in applications across automotive, electronics, aerospace, and defense industries. Their products include circuit materials, elastomeric materials, and power distribution busbars. Rogers Corp. has a market capitalization of $2.34 billion, with Third Avenue Management's position currently valued at $27.08 million. The company's discounted cash flow suggests a value of $131.7 per share.
Here's an overview of Third Avenue Management's trades in Rogers Corp.: