Third Avenue Management’s Top 10 Third Quarter Stock Holdings

Wall St. Watchdog reveals information regarding Third Avenue Management’s top holdings for the quarter ending September 30th, 2011. The firm held 113 stocks at the end of the quarter with an aggregate market value of $128.025 million.

  • Posco (NYSE:PKX): On 06/30/2011, Third Avenue Management reported holding 475,537 shares with a market value of $51,652,830. This comprised 26.68% of the total portfolio. On 09/30/2011, Third Avenue Management reported holding 334,302 shares with a market value of $25,410,296. This comprised 19.85% of the total portfolio. The net change in shares for this position over the two quarters is -141,235. About Company: POSCO manufactures various types of steel products. The Company produces hot rolled steel, cold rolled steel, stainless steel, and other forms of steel. The products are mainly used for automobile, construction, and shipbuilding industries.
  • White Mountains Insurance Group Ltd. (NYSE:WTM): On 06/30/2011, Third Avenue Management reported holding 31,920 shares with a market value of $13,411,507. This comprised 6.93% of the total portfolio. On 09/30/2011, Third Avenue Management reported holding 47,641 shares with a market value of $19,330,336. This comprised 15.1% of the total portfolio. The net change in shares for this position over the two quarters is 15,721. About Company: White Mountains Insurance Group Ltd., through its subsidiaries and affiliates, provides property and casualty insurance, and reinsurance. The Company’s primary strategic goal is to invest in operating businesses in which management has knowledge and experience.
  • Brookfield Asset Management Inc. (NYSE:BAM): On 06/30/2011, Third Avenue Management reported holding 415,062 shares with a market value of $13,767,606. This comprised 7.11% of the total portfolio. On 09/30/2011, Third Avenue Management reported holding 335,042 shares with a market value of $9,230,407. This comprised 7.21% of the total portfolio. The net change in shares for this position over the two quarters is -80,020. About Company: Brookfield Asset Management Inc is a global asset management company focused on property, infrastructure and renewable power. The Company owns office buildings in major business centers. Brookfield also owns and operates power generating plants, ports, railways, utilities and timberlands, and invests on behalf of third parties.
  • Vornado Realty Trust (NYSE:VNO): On 06/30/2011, Third Avenue Management reported holding 82,185 shares with a market value of $7,657,998. This comprised 3.96% of the total portfolio. On 09/30/2011, Third Avenue Management reported holding 49,381 shares with a market value of $3,684,810. This comprised 2.88% of the total portfolio. The net change in shares for this position over the two quarters is -32,804. About Company: Vornado Realty Trust is a fully-integrated real estate investment trust. The trust owns, manages and leases office properties in New York City, Washington, DC, and California. The Company also owns retail properties Washington, DC and Puerto Rico.
  • The Bank Of New York Mellon Corporation (NYSE:BK): On 06/30/2011, Third Avenue Management reported holding 251,302 shares with a market value of $6,438,357. This comprised 3.33% of the total portfolio. On 09/30/2011, Third Avenue Management reported holding 187,514 shares with a market value of $3,485,885. This comprised 2.72% of the total portfolio. The net change in shares for this position over the two quarters is -63,788. About Company: Bank of New York Mellon Corporation (BNY Mellon) is a global financial services company. The Company provides financial services for institutions, corporations and high-net-worth individuals, providing asset management and wealth management, asset servicing, issuer services, clearing services and treasury services.
  • Newmont Mining Corp. (NYSE:NEM): On 06/30/2011, Third Avenue Management reported holding 43,721 shares with a market value of $2,359,622. This comprised 1.22% of the total portfolio. On 09/30/2011, Third Avenue Management reported holding 50,587 shares with a market value of $3,184,452. This comprised 2.49% of the total portfolio. The net change in shares for this position over the two quarters is 6,866. About Company: Newmont Mining Corporation acquires, explores, and develops mineral properties. The Company produces gold from operations in the United States, Australia, Peru, Indonesia, Ghana, Canada, New Zealand and Mexico. Newmont also mines and processes copper in Indonesia.
  • Seacor Holdings Inc. (NYSE:CKH): On 06/30/2011, Third Avenue Management reported holding 36,354 shares with a market value of $3,633,946. This comprised 1.88% of the total portfolio. On 09/30/2011, Third Avenue Management reported holding 38,533 shares with a market value of $3,090,732. This comprised 2.41% of the total portfolio. The net change in shares for this position over the two quarters is 2,179. About Company: SEACOR Holdings Inc. and its subsidiaries operate a diversified fleet of offshore support vessels. The Company services oil and gas exploration and development activities in the US Gulf of Mexico, the North Sea, West Africa, Asia, Latin America, and other regions. SEACOR also provides environmental services, as well as inland river and offshore aviation services.
  • Bristow Group Inc. (NYSE:BRS): On 06/30/2011, Third Avenue Management reported holding 80,014 shares with a market value of $4,082,314. This comprised 2.11% of the total portfolio. On 09/30/2011, Third Avenue Management reported holding 70,740 shares with a market value of $3,001,498. This comprised 2.34% of the total portfolio. The net change in shares for this position over the two quarters is -9,274. About Company: Bristow Group, Inc. provides helicopter transportation services to the offshore oil and gas industry. Through its subsidiaries, affiliates, and joint ventures, the Company offers transportation services in oil and gas producing regions around the world.
  • Cenovus Energy Inc. (NYSE:CVE): On 06/30/2011, Third Avenue Management reported holding 117,946 shares with a market value of $4,441,846. This comprised 2.29% of the total portfolio. On 09/30/2011, Third Avenue Management reported holding 94,228 shares with a market value of $2,893,742. This comprised 2.26% of the total portfolio. The net change in shares for this position over the two quarters is -23,718. About Company: Cenovus Energy Inc. is an integrated oil company. The Company comprises natural gas, crude oil, and natural gas liquids reserves. Cenovus Energy has established natural gas and crude oil production in Alberta and Saskatchewan as well as refineries in Illinois and Texas.
  • Tejon Ranch Co. (NYSE:TRC): On 06/30/2011, Third Avenue Management reported holding 164,038 shares with a market value of $5,593,696. This comprised 2.89% of the total portfolio. On 09/30/2011, Third Avenue Management reported holding 114,230 shares with a market value of $2,726,670. This comprised 2.13% of the total portfolio. The net change in shares for this position over the two quarters is -49,808. About Company: Tejon Ranch Co. is a diversified real estate development and agri-business company owning land located in Los Angeles and Kern counties, California. The company is in the process of developing its land holdings along transportation corridors into master-planned business and residential communities.

(Note: Data regarding Third Avenue Management’s stock holdings are sourced from whalewisdom.com. All data are assumed to be accurate.)

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