Third Avenue Funds Quarterly Shareholder Letters
Third Avenue Value Fund
TAVFX | TVFVX| TAVZX
Third Avenue Small-Cap Fund
TASCX | TVSVX| TASZX
Third Avenue Real Estate Fund
TAREX | TVRVX | TARZX
Quarterly Shareholder Letters
High Conviction, High Active Share
Third Avenue takes an unconstrained investment approach and pursues opportunities across market capitalizations and geographies. Our core strategies focus on our highest conviction ideas (typically outside common benchmarks) and capitalizing on value opportunities across market cycles. High conviction ideas are generated from combined investment insight and cross-strategy due diligence process. For more details on our high conviction ideas and process, please read the historic shareholder letters below.
Small-Cap Value Fund
Real Estate Value Fund
30 Years of Value Insights from Martin J. Whitman
For over 30 years, Third Avenue Management founder Marty Whitman wrote comprehensive shareholder letters that provided readers with thorough lessons in his investment philosophy, security analysis and value investing.
In 2016, we published a collection of excerpts from his letters that comprise the “best of” Marty’s writings organized thematically to give readers an opportunity to dive into specific topics of interest.
Please use the form below to request a copy of the book. We hope you enjoy reading these excerpts and continue to find them insightful and witty.
Third Avenue Funds are distributed by Foreside Fund Services, LLC. Investors should consider the investment objectives, risks, charges and expenses carefully before investing. Third Avenue Funds are offered by prospectus only. The prospectuses and summary prospectuses are available on this website or by calling (212) 906-1160. Read the prospectus or summary prospectus carefully before investing.