# EDGAR Filing Document

**Accession Number:** 0001031661
**File Stem:** 0001752724-25-156266
**Filing Date:** 2025-6
**Character Count:** 13368
**Document Hash:** 6546f9ad58e57572660fd94ae8d88d4c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-156266.hdr.sgml**: 20250625

**ACCESSION NUMBER**: 0001752724-25-156266

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250430

**FILED AS OF DATE**: 20250625

**DATE AS OF CHANGE**: 20250625

**PERIOD START**: 20251031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** THIRD AVENUE TRUST
- **CENTRAL INDEX KEY:** 0001031661

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-08039
- **FILM NUMBER:** 251073251

**BUSINESS ADDRESS:**
- **STREET 1:** 675 THIRD AVENUE
- **STREET 2:** SUITE 2900-05
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10017
- **BUSINESS PHONE:** 2128885222

**MAIL ADDRESS:**
- **STREET 1:** 675 THIRD AVENUE
- **STREET 2:** SUITE 2900-05
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10017

## Series and Classes Contracts Data

### Third Avenue International Real Estate Value Fund (Series ID: S000071301)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000226241 | Z Class             | REIZX           |
| C000226242 | Institutional Class | REIFX           |

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Third Avenue Trust

- **b. Investment Company Act file number:** 811-08039

- **c. CIK number of Registrant:** 0001031661

- **d. LEI of Registrant:** 549300NKE5HKXV94KS04

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 675 Third Avenue

  - **City:** New York

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10017

  - **Telephone number:** 800-443-1021

**Item A.2. Information about the Series.**

- **a. Name of Series:** Third Avenue International Real Estate Value Fund

- **b. EDGAR series identifier (if any):** S000071301

- **c. LEI of Series:** 549300L32LUQFEBT4S10

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2025-10-31

- **b. Date as of which information is reported:** 2025-04-30

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $62635905.66

**Total Liabilities:** $104122.55

**Net Assets:** $62531783.11

**Cash Not Reported:** $1177220.07

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000226241 | 4.28%                | 0.16%                | 8.28%                |
| Class ID C000226242 | 4.25%                | 0.17%                | 8.31%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $1357389.06              | $1100384.05                                |
| Month 2  | $304624.75               | $-323341.31                                |
| Month 3  | $313153.37               | $4273961.25                                |

### Schedule of Portfolio Investments

| Name                                        | Title                                        | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| GOLDMAN SACHS & CO. LLC                     | JPY CALL VERSUS USD PUT                      | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DFE              | CORP              | US        |   5000000 | NC      | $123868.85    | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Helical PLC                                 | Helical PLC                                  | CUSIP: 000000000<br>LEI: 2138003SBD2Z7WV2MP70 | Long             | EC               | CORP              | GB        |    521187 | NS      | $1501393.30   | 2.40%             |  |  |  | No            |                  2 | On Loan: No      |
| Big Yellow Group PLC                        | Big Yellow Group PLC                         | CUSIP: 000000000<br>LEI: 213800W7Q4V2ZI8LIW31 | Long             | EC               | CORP              | GB        |    215200 | NS      | $2897210.22   | 4.63%             |  |  |  | No            |                  2 | On Loan: No      |
| Nomura Real Estate Holdings In              | Nomura Real Estate Holdings Inc              | CUSIP: 000000000<br>LEI: 353800UZ91CT24OL9P59 | Long             | EC               | CORP              | JP        |    387500 | NS      | $2304634.47   | 3.69%             |  |  |  | No            |                  2 | On Loan: No      |
| Glenveagh Properties PLC                    | Glenveagh Properties PLC                     | CUSIP: 000000000<br>LEI: 635400QUQ2YYGMOAK834 | Long             | EC               | CORP              | IE        |   1484854 | NS      | $2782986.64   | 4.45%             |  |  |  | No            |                  2 | On Loan: No      |
| Tosei Corp                                  | Tosei Corp                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    141200 | NS      | $2379766.67   | 3.81%             |  |  |  | No            |                  2 | On Loan: No      |
| SUNeVision Holdings Ltd                     | SUNeVision Holdings Ltd                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | HK        |   1645000 | NS      | $1375404.19   | 2.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Berkeley Group Holdings PLC                 | Berkeley Group Holdings PLC                  | CUSIP: 000000000<br>LEI: 2138009OQSSLVVHQAL78 | Long             | EC               | CORP              | GB        |     37987 | NS      | $2117520.74   | 3.39%             |  |  |  | No            |                  2 | On Loan: No      |
| Warehouses De Pauw CVA                      | Warehouses De Pauw CVA                       | CUSIP: 000000000<br>LEI: 549300HWDYC5JXC85138 | Long             | EC               | CORP              | BE        |     73140 | NS      | $1868147.74   | 2.99%             |  |  |  | No            |                  2 | On Loan: No      |
| Hongkong Land Holdings Ltd                  | Hongkong Land Holdings Ltd                   | CUSIP: 000000000<br>LEI: 213800XCHYNRPAYGXW28 | Long             | EC               | CORP              | HK        |    526500 | NS      | $2576692.05   | 4.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Grainger PLC                                | Grainger PLC                                 | CUSIP: 000000000<br>LEI: 2138007CEIRKZMNI2979 | Long             | EC               | CORP              | GB        |    659032 | NS      | $1890728.93   | 3.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Shurgard Self Storage Ltd                   | Shurgard Self Storage Ltd                    | CUSIP: 000000000<br>LEI: 549300J0UEIKU81XO336 | Long             | EC               | CORP              | LU        |     69279 | NS      | $2874459.89   | 4.60%             |  |  |  | No            |                  2 | On Loan: No      |
| StorageVault Canada Inc                     | StorageVault Canada Inc                      | CUSIP: 86212H105<br>LEI: 254900A6LDI0HRL1VD69 | Long             | EC               | CORP              | CA        |   1037744 | NS      | $2837875.29   | 4.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Corp Inmobiliaria Vesta SAB de              | Corp Inmobiliaria Vesta SAB de CV            | CUSIP: 000000000<br>LEI: 4469000001BIRIFZJ959 | Long             | EC               | CORP              | MX        |    987302 | NS      | $2699530.01   | 4.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Genting Singapore Ltd                       | Genting Singapore Ltd                        | CUSIP: 000000000<br>LEI: 254900Y2N3AK93K1O866 | Long             | EC               | CORP              | SG        |   4219200 | NS      | $2392571.64   | 3.83%             |  |  |  | No            |                  2 | On Loan: No      |
| Aeon Mall Co Ltd                            | Aeon Mall Co Ltd                             | CUSIP: 000000000<br>LEI: 353800IDE3ULLSB2R846 | Long             | EC               | CORP              | JP        |     55700 | NS      | $1068749.97   | 1.71%             |  |  |  | No            |                  2 | On Loan: No      |
| Swire Pacific Ltd                           | Swire Pacific Ltd                            | CUSIP: 000000000<br>LEI: 549300KZOZHII0DGF611 | Long             | EC               | CORP              | HK        |   1272000 | NS      | $1750733.92   | 2.80%             |  |  |  | No            |                  2 | On Loan: No      |
| TAG Immobilien AG                           | TAG Immobilien AG                            | CUSIP: 000000000<br>LEI: 529900TAE68USJNXLR59 | Long             | EC               | CORP              | DE        |    171418 | NS      | $2790847.26   | 4.46%             |  |  |  | No            |                  2 | On Loan: No      |
| Sun Hung Kai Properties Ltd                 | Sun Hung Kai Properties Ltd                  | CUSIP: 000000000<br>LEI: 529900LUMD393RD3S874 | Long             | EC               | CORP              | HK        |    249593 | NS      | $2367742.45   | 3.79%             |  |  |  | No            |                  2 | On Loan: No      |
| CTP NV                                      | CTP NV                                       | CUSIP: 000000000<br>LEI: 3157000YTVO4TN65UM14 | Long             | EC               | CORP              | NL        |    190008 | NS      | $3568926.22   | 5.71%             |  |  |  | No            |                  2 | On Loan: No      |
| UNITE Group PLC/The                         | UNITE Group PLC/The                          | CUSIP: 000000000<br>LEI: 213800BBUUWVDH9YI827 | Long             | EC               | CORP              | GB        |    165165 | NS      | $1897584.23   | 3.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Accor SA                                    | Accor SA                                     | CUSIP: 000000000<br>LEI: 969500QZC2Q0TK11NV07 | Long             | EC               | CORP              | FR        |     13307 | NS      | $655667.42    | 1.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Merlin Properties Socimi SA                 | Merlin Properties Socimi SA                  | CUSIP: 000000000<br>LEI: 959800L8KD863DP30X04 | Long             | EC               | CORP              | ES        |    210341 | NS      | $2385325.47   | 3.81%             |  |  |  | No            |                  2 | On Loan: No      |
| National Storage REIT                       | National Storage REIT                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |   2177542 | NS      | $3201889.45   | 5.12%             |  |  |  | No            |                  2 | On Loan: No      |
| LOG Commercial Properties e Pa              | LOG Commercial Properties e Participacoes SA | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |    538849 | NS      | $1969239.27   | 3.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Mandarin Oriental Internationa              | Mandarin Oriental International Ltd          | CUSIP: 000000000<br>LEI: 213800KQ1UMKZ1JXJR80 | Long             | EC               | CORP              | HK        |    746300 | NS      | $1343340.00   | 2.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Ingenia Communities Group                   | Ingenia Communities Group                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |    939627 | NS      | $3333476.44   | 5.33%             |  |  |  | No            |                  2 | On Loan: No      |
| Dreyfus Treasury Securities Cash Management | Dreyfus Treasury Securities Cash Management  | CUSIP: 261941108<br>LEI: 549300U78VESCW509025 | Long             | STIV             | RF                | US        |   1983349 | NS      | $1983349.32   | 3.17%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-06-24

**Name of Applicant:** Third Avenue Trust

**Signature:** Christine S. Catanzaro

**Name of Signer:** Christine S. Catanzaro

**Title:** Treasurer and Chief Financial Officer