# EDGAR Filing Document

**Accession Number:** 0001031661
**File Stem:** 0000940400-26-025431
**Filing Date:** 2026-6
**Character Count:** 17865
**Document Hash:** 599b9fff90c6b7bf5f6fb22ec0eb6a75
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-26-025431.hdr.sgml**: 20260625

**ACCESSION NUMBER**: 0000940400-26-025431

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20260430

**FILED AS OF DATE**: 20260625

**DATE AS OF CHANGE**: 20260625

**PERIOD START**: 20261031

**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:** 261117921

**BUSINESS ADDRESS:**
- **STREET 1:** THIRD AVENUE MANAGEMENT LLC
- **STREET 2:** 6 GRAND CENTRAL, 666 3RD AVE. STE 1040
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10017
- **BUSINESS PHONE:** 2128885222

**MAIL ADDRESS:**
- **STREET 1:** THIRD AVENUE MANAGEMENT LLC
- **STREET 2:** 6 GRAND CENTRAL, 666 3RD AVE. STE 1040
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10017

## Series and Classes Contracts Data

### THIRD AVENUE REAL ESTATE VALUE FUND (Series ID: S000001466)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000003887 | Institutional Class | TAREX           |
| C000085636 | Investor Class      | TVRVX           |
| C000199336 | Z Class             | TARZX           |

## 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:** 6 GRAND CENTRAL, 666 3RD AVE

  - **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 Real Estate Value Fund

- **b. EDGAR series identifier (if any):** S000001466

- **c. LEI of Series:** ZC82Q2I2QTR7Q6IBYW55

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

- **a. Date of fiscal year-end:** 2026-10-31

- **b. Date as of which information is reported:** 2026-04-30

**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:** $306087069.00

**Total Liabilities:** $354829.65

**Net Assets:** $305732239.35

**Cash Not Reported:** $1027956.01

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000003887 | 0.96%                | -11.80%              | 5.32%                |
| Class ID C000085636 | 0.93%                | -11.85%              | 5.34%                |
| Class ID C000199336 | 0.97%                | -11.81%              | 5.38%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $1392048.71              | $2203508.53                                |
| Month 2  | $2909627.23              | $-44713752.29                              |
| Month 3  | $1997812.54              | $14051457.38                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| JPMORGAN CHASE BANK, NATIONAL ASSOCIATION   | USD CALL VERSUS GBP PUT                                                                | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              | CORP              | US        |  28000000 | NC      | $158.76       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| ACCOR SA                                    | ACCOR SA EUR3                                                                          | CUSIP: 000000000<br>LEI: 969500QZC2Q0TK11NV07 | Long             | EC               | CORP              | FR        |    152125 | NS      | $7528475.24   | 2.46%             |  |  |  | No            |                  2 | On Loan: No      |
| JARDINE MATHESON HOLDINGS LTD               | JARDINE MATHESON HOLDINGS LTD USD0.25(SINGAPORE REG)                                   | CUSIP: 000000000<br>LEI: 2138009KENVUNWOLPK41 | Long             | EC               | CORP              | BM        |    106700 | NS      | $7273983.66   | 2.38%             |  |  |  | No            |                  2 | On Loan: No      |
| TPHGREENWICH TRUST                          | TPHGREENWICH TRUST                                                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   3475472 | NS      | $0.00         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| WESCO INTERNATIONAL INC                     | WESCO INTERNATIONAL INC COM                                                            | CUSIP: 95082P105<br>LEI: 529900TXOGREY3WNJ434 | Long             | EC               | CORP              | US        |     18096 | NS      | $6317675.52   | 2.07%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN HOMES 4 RENT                       | AMERICAN HOMES 4 RENT CL A                                                             | CUSIP: 02665T306<br>LEI: 549300ZJUO7A58PNUW40 | Long             | EC               | CORP              | US        |    245801 | NS      | $7826303.84   | 2.56%             |  |  |  | No            |                  1 | On Loan: No      |
| TRINITY PLACE HOLDINGS INC                  | TRINITY PLACE HOLDINGS INC COM                                                         | CUSIP: 89656D101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   2100472 | NS      | $53982.13     | 0.02%             |  |  |  | Yes           |                  1 | On Loan: No      |
| FIDELITY NATIONAL FINANCIAL INC             | FIDELITY NATIONAL FINANCIAL INC COM SHS                                                | CUSIP: 31620R303<br>LEI: 549300CAZYIH39SYQ287 | Long             | EC               | CORP              | US        |    181052 | NS      | $9469019.60   | 3.10%             |  |  |  | No            |                  1 | On Loan: No      |
| U-HAUL HOLDING COMPANY                      | U-HAUL HOLDING COMPANY COM SER N                                                       | CUSIP: 023586506<br>LEI: 5493003WIDMLDHYC6Y24 | Long             | EC               | CORP              | US        |    265893 | NS      | $12680437.17  | 4.15%             |  |  |  | No            |                  1 | On Loan: No      |
| INGENIA COMMUNITIES GROUP                   | INGENIA COMMUNITIES GROUP NPV (UNITS)                                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |   2300283 | NS      | $6666611.74   | 2.18%             |  |  |  | No            |                  2 | On Loan: No      |
| CK ASSET HOLDINGS LTD                       | CK ASSET HOLDINGS LTD HKD1                                                             | CUSIP: 000000000<br>LEI: 5299006GJZSGP78B8S35 | Long             | EC               | CORP              | KY        |   1755538 | NS      | $11058582.92  | 3.62%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE BANK, NATIONAL ASSOCIATION   | USD CALL VERSUS HKD PUT                                                                | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              | CORP              | US        |  16000000 | NC      | $0.00         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| DREYFUS TREASURY SECURITIES CASH MANAGEMENT | DREYFUS TREASURY SECURITIES CASH MANAGEMENT INSTL SHS                                  | CUSIP: 261941108<br>LEI: 549300U78VESCW509025 | Long             | STIV             | RF                | US        |   9251010 | NS      | $9251010.17   | 3.03%             |  |  |  | No            |                  1 | On Loan: No      |
| SAVILLS PLC                                 | SAVILLS PLC ORD GBP0.025                                                               | CUSIP: 000000000<br>LEI: 213800WXICGMBWHTA933 | Long             | EC               | CORP              | GB        |    778251 | NS      | $8757971.75   | 2.86%             |  |  |  | No            |                  1 | On Loan: No      |
| BIG YELLOW GROUP PLC                        | BIG YELLOW GROUP PLC ORD GBP0.10                                                       | CUSIP: 000000000<br>LEI: 213800W7Q4V2ZI8LIW31 | Long             | EC               | CORP              | GB        |    890360 | NS      | $10928247.48  | 3.57%             |  |  |  | No            |                  1 | On Loan: No      |
| JONES LANG LASALLE INC                      | JONES LANG LASALLE INC COM                                                             | CUSIP: 48020Q107<br>LEI: 6SYKCME112RT8TQUO411 | Long             | EC               | CORP              | US        |     30049 | NS      | $9559488.37   | 3.13%             |  |  |  | No            |                  1 | On Loan: No      |
| FIRST INDUSTRIAL REALTY TRUST INC           | FIRST INDUSTRIAL REALTY TRUST INC COM                                                  | CUSIP: 32054K103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     72600 | NS      | $4501926.00   | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| CHAMPION HOMES INC                          | CHAMPION HOMES INC COM                                                                 | CUSIP: 830830105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     94002 | NS      | $7165772.46   | 2.34%             |  |  |  | No            |                  1 | On Loan: No      |
| FIRSTSERVICE CORP                           | FIRSTSERVICE CORP COM                                                                  | CUSIP: 33767E202<br>LEI: 5493000XUDIV75BCF118 | Long             | EC               | CORP              | CA        |     47070 | NS      | $6298436.70   | 2.06%             |  |  |  | No            |                  1 | On Loan: No      |
| D.R. HORTON INC                             | D.R. HORTON INC COM                                                                    | CUSIP: 23331A109<br>LEI: 529900ZIUEYVSB8QDD25 | Long             | EC               | CORP              | US        |     64804 | NS      | $9970743.44   | 3.26%             |  |  |  | No            |                  1 | On Loan: No      |
| FIVE POINT HOLDINGS LLC                     | FIVE POINT HOLDINGS LLC COM CL A                                                       | CUSIP: 33833Q106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   2674298 | NS      | $13318004.04  | 4.36%             |  |  |  | No            |                  1 | On Loan: No      |
| BERKELEY GROUP HOLDINGS PLC (THE)           | BERKELEY GROUP HOLDINGS PLC (THE) ORD GBP0.05611047                                    | CUSIP: 000000000<br>LEI: 2138009OQSSLVVHQAL78 | Long             | EC               | CORP              | GB        |    216508 | NS      | $9426643.88   | 3.08%             |  |  |  | No            |                  2 | On Loan: No      |
| CBRE GROUP INC                              | CBRE GROUP INC CL A                                                                    | CUSIP: 12504L109<br>LEI: 52990016II9MJ2OSWA10 | Long             | EC               | CORP              | US        |    127532 | NS      | $18202642.36  | 5.95%             |  |  |  | No            |                  1 | On Loan: No      |
| PULTEGROUP INC                              | PULTEGROUP INC COM                                                                     | CUSIP: 745867101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     89039 | NS      | $10894812.04  | 3.56%             |  |  |  | No            |                  1 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION       | FEDERAL NATIONAL MORTGAGE ASSOCIATION 8.25% NON-CUMULATIVE PREFERRED STOCK, SERIES S   | CUSIP: 313586752<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | EP               | USGSE             | US        |   1314560 | NS      | $15380352.00  | 5.03%             |  |  |  | No            |                  1 | On Loan: No      |
| SEGRO PLC                                   | SEGRO PLC ORD GBP0.10                                                                  | CUSIP: 000000000<br>LEI: 213800XC35KGM9NFC641 | Long             | EC               | CORP              | GB        |    770423 | NS      | $7297437.04   | 2.39%             |  |  |  | No            |                  2 | On Loan: No      |
| SUN COMMUNITIES INC                         | SUN COMMUNITIES INC COM                                                                | CUSIP: 866674104<br>LEI: 549300H5GEOJYN41ZG57 | Long             | EC               | CORP              | US        |     85605 | NS      | $10943743.20  | 3.58%             |  |  |  | No            |                  1 | On Loan: No      |
| PROLOGIS INC                                | PROLOGIS INC COM                                                                       | CUSIP: 74340W103<br>LEI: 529900DFH19P073LZ636 | Long             | EC               | CORP              | US        |    105403 | NS      | $14969334.06  | 4.90%             |  |  |  | No            |                  1 | On Loan: No      |
| WEYERHAEUSER COMPANY                        | WEYERHAEUSER COMPANY COM NEW                                                           | CUSIP: 962166104<br>LEI: 08IRJODWFYBI7QWRGS31 | Long             | EC               | CORP              | US        |    152200 | NS      | $3731944.00   | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| LENNAR CORP                                 | LENNAR CORP CL B                                                                       | CUSIP: 526057302<br>LEI: 529900G61XVRLX5TJX09 | Long             | EC               | CORP              | US        |    140035 | NS      | $12376293.30  | 4.05%             |  |  |  | No            |                  1 | On Loan: No      |
| WHARF (HOLDINGS) LTD (THE)                  | WHARF (HOLDINGS) LTD (THE) NPV                                                         | CUSIP: 000000000<br>LEI: 254900JCV4TBBPX9IW91 | Long             | EC               | CORP              | HK        |   2090796 | NS      | $6903030.27   | 2.26%             |  |  |  | No            |                  1 | On Loan: No      |
| HANG LUNG GROUP LTD                         | HANG LUNG GROUP LTD NPV                                                                | CUSIP: 000000000<br>LEI: 529900V2T2EPOQYH0981 | Long             | EC               | CORP              | HK        |   1652220 | NS      | $3410966.79   | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| BROOKDALE SENIOR LIVING INC                 | BROOKDALE SENIOR LIVING INC COM                                                        | CUSIP: 112463104<br>LEI: LH7MQB13NWY7CJ9VC445 | Long             | EC               | CORP              | US        |    433191 | NS      | $6220622.76   | 2.03%             |  |  |  | No            |                  1 | On Loan: No      |
| BROOKFIELD CORP                             | BROOKFIELD CORP CL A LTD VT SH                                                         | CUSIP: 11271J107<br>LEI: C6J3FGIWG6MBDGTE8F80 | Long             | EC               | CORP              | CA        |    435238 | NS      | $19637938.56  | 6.42%             |  |  |  | No            |                  1 | On Loan: No      |
| CONCRETE INVEST II TERM LOAN TRAN A2        | CONCRETE INVEST II TERM LOAN TRAN A2                                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | DE        |     47328 | PA      | $0.00         | 0.00%             | 2026-10-30      | Floating      | 4.15%                 | No            |                  3 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP             | FEDERAL HOME LOAN MORTGAGE CORP 8.375% FIXED TO FLTG NON-CUMUMLATIVE PERPTUAL SERIES Z | CUSIP: 313400624<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | EP               | USGSE             | US        |   1394619 | NS      | $15689463.75  | 5.13%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-06-24

**Name of Applicant:** Third Avenue Trust

**Signature:** Christine S. Catanzaro

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

**Title:** Treasurer and Chief Financial Officer