THIRD AVENUE MANAGEMENT LLC is an institutional investment manager that files quarterly 13F reports with the SEC. As of Q4 2025, the fund manages $550M in reported equity holdings across 51 positions. The largest holdings are HCC (9.3%), TDW (8.0%), BCC (5.8%), VAL (5.4%), BN (4.6%). The portfolio is concentrated in Other (79.6%), Financial Services (7.5%), Energy (6.0%). Data sourced from SEC EDGAR 13F filings (CIK 1099281).