Third Avenue
Third Avenue Management Value Fund
Value
Dec 2025 → Dec 2025
Our archive holds 1 letter from this strategy, behind 3 investment theses and positions in 3 companies. Every quote below is copied verbatim from the letter it came from.
1 letter in a year — follow all of Third Avenue for every strategy.
Its investment theses
- TS Lines Ltd.Dec 2025T.S. Lines is an Asia-Pacific container shipping specialist with a young, owned fleet, niche capacity advantages, strong balance sheet, attractive valuation, and robust cash returns.
- CK Hutchison Holdings, Ltd.Dec 2025CK Hutchison is a diversified conglomerate with strong owner alignment pursuing major value-unlocking moves across ports, retail, and telecom that could narrow its valuation discount.
- Harbour Energy plcDec 2025Harbour Energy is an upstream producer executing counter-cyclical, value-creating deals to diversify away from the U.K., boost free cash flow, and potentially re-rate via a future U.S. listing.