Third Avenue Management's top holdings (September 2025) 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-oriented approach to investing, focusing on fundamental research to identify companies they believe are trading below their intrinsic value. The firm manages a variety of funds for institutional and individual clients, emphasizing a long-term perspective on its investments.

Tidewater Inc. (TDW)

Tidewater Inc. is a global leader in providing offshore support vessels (OSVs) to the international energy industry. The company operates a large and diverse fleet that supports offshore exploration, development, and production activities worldwide. With a market capitalization of $2.98B, Third Avenue Management's position in Tidewater Inc. is currently valued at $52.68M. The company's discounted cash flow analysis suggests a value of $110.1 per share.

Here's an overview of Third Avenue Management's trades in Tidewater Inc.:

Warrior Met Coal Inc (HCC)

Warrior Met Coal Inc specializes in the mining and export of premium metallurgical (met) coal, an essential raw material for steel production. The company primarily serves steel producers in Europe, South America, and Asia from its operations in Alabama. The company's market cap stands at $3.21B, while the current value of Third Avenue Management's holding is $39.23M. Analysts have set a price target of $55.0 for Warrior Met Coal Inc, and its discounted cash flow analysis suggests a value of $170.91 per share.

Here's an overview of Third Avenue Management's trades in Warrior Met Coal Inc:

Deutsche Bank AG (DB)

Deutsche Bank AG is a major global financial services company headquartered in Frankfurt, Germany. It provides a wide range of financial products and services, including retail and private banking, corporate and investment banking, and asset management, through its extensive international network. Deutsche Bank AG commands a market cap of $67.67B, and this holding in Third Avenue Management's portfolio is currently worth $35.89M. The company's discounted cash flow analysis suggests a value of $-3.13 per share.

Here's an overview of Third Avenue Management's trades in Deutsche Bank AG:

Valaris Ltd (VAL)

Valaris Ltd is an offshore drilling contractor providing drilling services to the global oil and gas industry. The company owns and operates a diverse fleet of mobile offshore drilling units, including drillships, semi-submersibles, and jackup rigs, operating across various international basins. Valaris Ltd, with a market capitalization of $3.54B, sees Third Avenue Management's position valued at $29.1M. The company's discounted cash flow analysis suggests a value of $-75.83 per share.

Here's an overview of Third Avenue Management's trades in Valaris Ltd:

CBRE Group Inc (CBRE)

CBRE Group Inc is the world's largest commercial real estate services and investment firm, providing a broad range of integrated services to property owners, investors, and occupiers. These services include transaction management, project management, property management, leasing, capital markets, and valuation. CBRE Group Inc has a market capitalization of $48.24B, with Third Avenue Management's position currently valued at $26.7M. Analysts have set a price target of $185.0 for the company, and its discounted cash flow analysis suggests a value of $114.4 per share.

Here's an overview of Third Avenue Management's trades in CBRE Group Inc: