# EDGAR Filing Document

**Accession Number:** 0001031661
**File Stem:** 0000940400-26-025432
**Filing Date:** 2026-6
**Character Count:** 16916
**Document Hash:** 0f796f743fa3e18af14bda4c6f75ba84
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-26-025432.hdr.sgml**: 20260625

**ACCESSION NUMBER**: 0000940400-26-025432

**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:** 261117922

**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 VALUE FUND (Series ID: S000001464)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000003885 | Institutional Class | TAVFX           |
| C000085634 | Investor Class      | TVFVX           |
| C000199334 | Z Class             | TAVZX           |

## 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 Value Fund

- **b. EDGAR series identifier (if any):** S000001464

- **c. LEI of Series:** 6GG153EV53G071KLNA79

**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:** $983991217.61

**Total Liabilities:** $960709.85

**Net Assets:** $983030507.76

**Cash Not Reported:** $9145547.06

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000003885 | 5.66%                | -5.80%               | 5.15%                |
| Class ID C000085634 | 5.63%                | -5.82%               | 5.12%                |
| Class ID C000199334 | 5.67%                | -5.80%               | 5.16%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $3415856.59              | $49725678.80                               |
| Month 2  | $13043548.94             | $-72793017.60                              |
| Month 3  | $6198991.04              | $44717188.58                               |

### 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                     | STATE STREET SPDR S&P 500 ETF TRUST                   | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DE               | CORP              | US        |      3225 | NC      | $1895213.82   | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| QUINENCO SA                                 | QUINENCO SA COM NPV                                   | CUSIP: 000000000<br>LEI: 2549000T5LJBJNWU8390 | Long             | EC               | CORP              | CL        |   3318103 | NS      | $16225262.22  | 1.65%             |  |  |  | No            |                  1 | On Loan: No      |
| LUNDIN MINING CORP                          | LUNDIN MINING CORP COM NPV                            | CUSIP: 550372106<br>LEI: 549300FQDIM6C8HTN269 | Long             | EC               | CORP              | CA        |   1515265 | NS      | $38886986.34  | 3.96%             |  |  |  | No            |                  1 | On Loan: No      |
| PALTAC CORP                                 | PALTAC CORP NPV                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    579600 | NS      | $17120109.79  | 1.74%             |  |  |  | No            |                  2 | On Loan: No      |
| CLOSE BROTHERS GROUP PLC                    | CLOSE BROTHERS GROUP PLC ORD GBP0.25                  | CUSIP: 000000000<br>LEI: 213800W73SYHR14I3X91 | Long             | EC               | CORP              | GB        |   3976340 | NS      | $23953410.36  | 2.44%             |  |  |  | No            |                  2 | On Loan: No      |
| ROBERT HALF INC                             | ROBERT HALF INC COM                                   | CUSIP: 770323103<br>LEI: 529900VPCUY9H3HLIC08 | Long             | EC               | CORP              | US        |    819047 | NS      | $21794840.67  | 2.22%             |  |  |  | No            |                  1 | On Loan: No      |
| WARRIOR MET COAL INC                        | WARRIOR MET COAL INC COM                              | CUSIP: 93627C101<br>LEI: 549300152B1S9YKBYV79 | Long             | EC               | CORP              | US        |    247316 | NS      | $22221342.60  | 2.26%             |  |  |  | No            |                  1 | On Loan: No      |
| VALARIS LTD                                 | VALARIS LTD CL A                                      | CUSIP: 000000000<br>LEI: 5299008BQ9IREYWBTS30 | Long             | EC               | CORP              | BM        |    418877 | NS      | $42717076.46  | 4.35%             |  |  |  | No            |                  1 | On Loan: No      |
| JEOL LTD                                    | JEOL LTD NPV                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    708900 | NS      | $28516701.30  | 2.90%             |  |  |  | No            |                  2 | On Loan: No      |
| ROGERS CORP                                 | ROGERS CORP COM                                       | CUSIP: 775133101<br>LEI: PW0CN80KNFR7RUOOKJ84 | Long             | EC               | CORP              | US        |     65645 | NS      | $8911308.75   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK OF IRELAND GROUP PLC                   | BANK OF IRELAND GROUP PLC ORD EUR1.00                 | CUSIP: 000000000<br>LEI: 635400C8EK6DRI12LJ39 | Long             | EC               | CORP              | IE        |   1501675 | NS      | $29579097.89  | 3.01%             |  |  |  | No            |                  2 | On Loan: No      |
| HARBOUR ENERGY PLC                          | HARBOUR ENERGY PLC ORD GBP0.00002                     | CUSIP: 000000000<br>LEI: 213800YPC42DYBKVPF97 | Long             | EC               | CORP              | GB        |   7880604 | NS      | $31340208.26  | 3.19%             |  |  |  | No            |                  2 | On Loan: No      |
| CONDUIT HOLDINGS LTD                        | CONDUIT HOLDINGS LTD COM SHS USD0.01 (DI)             | CUSIP: 000000000<br>LEI: 21380085AE62D1BXSF19 | Long             | EC               | CORP              | BM        |   3727818 | NS      | $22395654.14  | 2.28%             |  |  |  | No            |                  1 | On Loan: No      |
| DREYFUS TREASURY SECURITIES CASH MANAGEMENT | DREYFUS TREASURY SECURITIES CASH MANAGEMENT INSTL SHS | CUSIP: 261941108<br>LEI: 549300U78VESCW509025 | Long             | STIV             | RF                | US        |  81477020 | NS      | $81477020.50  | 8.29%             |  |  |  | No            |                  1 | On Loan: No      |
| BOISE CASCADE COMPANY                       | BOISE CASCADE COMPANY COM                             | CUSIP: 09739D100<br>LEI: 549300Z8B8LSRHC7XA55 | Long             | EC               | CORP              | US        |    418798 | NS      | $33198117.46  | 3.38%             |  |  |  | No            |                  1 | On Loan: No      |
| INTERFOR CORP                               | INTERFOR CORP COM NPV                                 | CUSIP: 45868C109<br>LEI: 549300P4G5UZ3AMJE056 | Long             | EC               | CORP              | CA        |   1317175 | NS      | $9473846.76   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| BMW - BAYERISCHE MOTOREN WERKE AG           | BMW - BAYERISCHE MOTOREN WERKE AG EUR1                | CUSIP: 000000000<br>LEI: YEH5ZCD6E441RHVHD759 | Long             | EC               | CORP              | DE        |    419682 | NS      | $38406460.21  | 3.91%             |  |  |  | No            |                  2 | On Loan: No      |
| JARDINE CYCLE & CARRIAGE LTD                | JARDINE CYCLE & CARRIAGE LTD NPV                      | CUSIP: 000000000<br>LEI: 254900WEP6OCEXFWML09 | Long             | EC               | CORP              | SG        |   1019500 | NS      | $26183946.34  | 2.66%             |  |  |  | No            |                  2 | On Loan: No      |
| S4 CAPITAL PLC                              | S4 CAPITAL PLC ORD GBP0.25                            | CUSIP: 000000000<br>LEI: 21380068SP9V65KPQN68 | Long             | EC               | CORP              | GB        |  41051524 | NS      | $24243613.80  | 2.47%             |  |  |  | No            |                  1 | On Loan: No      |
| AYALA CORP                                  | AYALA CORP PHP50                                      | CUSIP: 000000000<br>LEI: 254900QJ68UH8GKNGI69 | Long             | EC               | CORP              | PH        |    927620 | NS      | $7055796.86   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| COMPANIA SUD AMERICANA DE VAPORES SA        | COMPANIA SUD AMERICANA DE VAPORES SA COM NPV          | CUSIP: 000000000<br>LEI: 549300F26ZOE5LM26551 | Long             | EC               | CORP              | CL        | 279431968 | NS      | $15837821.73  | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| BUZZI SPA                                   | BUZZI SPA NPV                                         | CUSIP: 000000000<br>LEI: 5299003DX5YLKSVJ6K59 | Long             | EC               | CORP              | IT        |    559942 | NS      | $30658935.48  | 3.12%             |  |  |  | No            |                  2 | On Loan: No      |
| EASYJET PLC                                 | EASYJET PLC ORD GBP0.27285714                         | CUSIP: 000000000<br>LEI: 2138001S47XKWIB7TH90 | Long             | EC               | CORP              | GB        |   4644584 | NS      | $22230577.84  | 2.26%             |  |  |  | No            |                  2 | On Loan: No      |
| HORIBA LTD                                  | HORIBA LTD NPV                                        | CUSIP: 000000000<br>LEI: 529900OOTWPYSNW0EC84 | Long             | EC               | CORP              | JP        |    202700 | NS      | $28223334.78  | 2.87%             |  |  |  | No            |                  2 | On Loan: No      |
| TIDEWATER INC                               | TIDEWATER INC COM                                     | CUSIP: 88642R109<br>LEI: 2549000JA5GRUPLMUH98 | Long             | EC               | CORP              | US        |    677381 | NS      | $60510444.73  | 6.16%             |  |  |  | No            |                  1 | On Loan: No      |
| CAPSTONE COPPER CORP                        | CAPSTONE COPPER CORP COM                              | CUSIP: 14071L108<br>LEI: 549300III6KGKKC42W63 | Long             | EC               | CORP              | CA        |   3551712 | NS      | $29598689.47  | 3.01%             |  |  |  | No            |                  1 | On Loan: No      |
| SUBSEA 7 SA                                 | SUBSEA 7 SA COM USD2                                  | CUSIP: 000000000<br>LEI: 222100AIF0CBCY80AH62 | Long             | EC               | CORP              | LU        |    973870 | NS      | $35082499.49  | 3.57%             |  |  |  | No            |                  2 | On Loan: No      |
| BOLSA MEXICANA DE VALORES SAB DE CV         | BOLSA MEXICANA DE VALORES SAB DE CV SER'A'NPV         | CUSIP: 000000000<br>LEI: 894500CS2D6RLGW61A19 | Long             | EC               | CORP              | MX        |   4828711 | NS      | $10863459.50  | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| TAIHEIYO CEMENT CORP                        | TAIHEIYO CEMENT CORP NPV                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    942600 | NS      | $21400591.28  | 2.18%             |  |  |  | No            |                  2 | On Loan: No      |
| GENTING SINGAPORE LTD                       | GENTING SINGAPORE LTD NPV                             | CUSIP: 000000000<br>LEI: 254900Y2N3AK93K1O866 | Long             | EC               | CORP              | SG        |  34418500 | NS      | $18469603.12  | 1.88%             |  |  |  | No            |                  2 | On Loan: No      |
| OSAKA TITANIUM TECHNOLOGIES COMPANY LTD     | OSAKA TITANIUM TECHNOLOGIES COMPANY LTD NPV           | CUSIP: 000000000<br>LEI: 529900HGCI4F5WM6OE59 | Long             | EC               | CORP              | JP        |    814800 | NS      | $13280347.14  | 1.35%             |  |  |  | No            |                  2 | On Loan: No      |
| T.S. LINES LTD                              | T.S. LINES LTD NPV                                    | CUSIP: 000000000<br>LEI: 8368006B8C0EXQ2JDM96 | Long             | EC               | CORP              | HK        |  12964390 | NS      | $13374053.14  | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| ULTRAPAR PARTICIPACOES SA                   | ULTRAPAR PARTICIPACOES SA COM NPV                     | CUSIP: 000000000<br>LEI: 529900FU4XBXGQMLRE72 | Long             | EC               | CORP              | BR        |   6626149 | NS      | $40063593.25  | 4.08%             |  |  |  | No            |                  1 | On Loan: No      |
| SUBARU CORP                                 | SUBARU CORP NPV                                       | CUSIP: 000000000<br>LEI: 549300N244BVAEE6HH86 | Long             | EC               | CORP              | JP        |   2038500 | NS      | $30363889.03  | 3.09%             |  |  |  | No            |                  2 | On Loan: No      |
| CK HUTCHISON HOLDINGS LTD                   | CK HUTCHISON HOLDINGS LTD HKD1                        | CUSIP: 000000000<br>LEI: 254900Z8HM1VEPOQ2G79 | Long             | EC               | CORP              | KY        |   4199382 | NS      | $35065634.27  | 3.57%             |  |  |  | No            |                  2 | On Loan: No      |
| HARLEY-DAVIDSON INC                         | HARLEY-DAVIDSON INC COM                               | CUSIP: 412822108<br>LEI: ZDNAWZWXIKMWI51R2A08 | Long             | EC               | CORP              | US        |   1027723 | NS      | $24552302.47  | 2.50%             |  |  |  | No            |                  1 | On Loan: No      |
| MISTO HOLDINGS CORPORATION                  | MISTO HOLDINGS CORPORATION KRW1000                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |    525088 | NS      | $14444037.37  | 1.47%             |  |  |  | No            |                  2 | 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