# EDGAR Filing Document

**Accession Number:** 0001031661
**File Stem:** 0000940400-26-025430
**Filing Date:** 2026-6
**Character Count:** 16591
**Document Hash:** 7fae7099a05ade15258c5003cff6ee99
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-26-025430.hdr.sgml**: 20260625

**ACCESSION NUMBER**: 0000940400-26-025430

**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:** 261117920

**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 SMALL-CAP VALUE FUND (Series ID: S000001465)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000003886 | Institutional Class | TASCX           |
| C000085635 | Investor Class      | TVSVX           |
| C000199335 | Z Class             | TASZX           |

## 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 Small-Cap Value Fund

- **b. EDGAR series identifier (if any):** S000001465

- **c. LEI of Series:** 0JCLV283XKNBTMBH2S72

**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:** $200924499.98

**Total Liabilities:** $225667.37

**Net Assets:** $200698832.61

**Cash Not Reported:** $1128795.16

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000003886 | 5.38%                | -2.03%               | 6.56%                |
| Class ID C000085635 | 5.37%                | -2.06%               | 6.56%                |
| Class ID C000199335 | 5.40%                | -2.01%               | 6.61%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $2697427.05              | $7043495.13                                |
| Month 2  | $4200570.89              | $-8112731.60                               |
| Month 3  | $7116722.92              | $5554397.38                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| FRP HOLDINGS INC                            | FRP HOLDINGS INC COM                                  | CUSIP: 30292L107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    107160 | NS      | $2251431.60   | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| CATALYST PHARMACEUTICALS INC                | CATALYST PHARMACEUTICALS INC COM                      | CUSIP: 14888U101<br>LEI: 5299004O0R5XXLA5H544 | Long             | EC               | CORP              | US        |    209751 | NS      | $5900295.63   | 2.94%             |  |  |  | No            |                  1 | On Loan: No      |
| SUPERNUS PHARMACEUTICALS INC                | SUPERNUS PHARMACEUTICALS INC COM                      | CUSIP: 868459108<br>LEI: 549300GRM36VBKISYJ58 | Long             | EC               | CORP              | US        |    152349 | NS      | $7312752.00   | 3.64%             |  |  |  | No            |                  1 | On Loan: No      |
| ICF INTERNATIONAL INC                       | ICF INTERNATIONAL INC COM                             | CUSIP: 44925C103<br>LEI: 5493003KYFDDC5B3WY64 | Long             | EC               | CORP              | US        |     88622 | NS      | $6350652.52   | 3.16%             |  |  |  | No            |                  1 | On Loan: No      |
| ROBERT HALF INC                             | ROBERT HALF INC COM                                   | CUSIP: 770323103<br>LEI: 529900VPCUY9H3HLIC08 | Long             | EC               | CORP              | US        |    141631 | NS      | $3768800.91   | 1.88%             |  |  |  | No            |                  1 | On Loan: No      |
| ROGERS CORP                                 | ROGERS CORP COM                                       | CUSIP: 775133101<br>LEI: PW0CN80KNFR7RUOOKJ84 | Long             | EC               | CORP              | US        |     25332 | NS      | $3438819.00   | 1.71%             |  |  |  | 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        |   9181100 | NS      | $9181099.79   | 4.57%             |  |  |  | No            |                  1 | On Loan: No      |
| BLUELINX HOLDINGS INC                       | BLUELINX HOLDINGS INC COM NEW                         | CUSIP: 09624H208<br>LEI: 549300YSX7GU28F5I540 | Long             | EC               | CORP              | US        |     64213 | NS      | $3400720.48   | 1.69%             |  |  |  | No            |                  1 | On Loan: No      |
| BOISE CASCADE COMPANY                       | BOISE CASCADE COMPANY COM                             | CUSIP: 09739D100<br>LEI: 549300Z8B8LSRHC7XA55 | Long             | EC               | CORP              | US        |     50970 | NS      | $4040391.90   | 2.01%             |  |  |  | No            |                  1 | On Loan: No      |
| OCTAVE SPECIALTY GROUP INC                  | OCTAVE SPECIALTY GROUP INC COM NEW                    | CUSIP: 023139884<br>LEI: 5493000UC0RBBNDHI717 | Long             | EC               | CORP              | US        |   1338765 | NS      | $5930728.95   | 2.96%             |  |  |  | No            |                  1 | On Loan: No      |
| SANDRIDGE ENERGY INC                        | SANDRIDGE ENERGY INC COM NEW                          | CUSIP: 80007P869<br>LEI: W1MKPVGS6I5155L7VV67 | Long             | EC               | CORP              | US        |    330144 | NS      | $5133739.20   | 2.56%             |  |  |  | No            |                  1 | On Loan: No      |
| UNIFIRST CORP                               | UNIFIRST CORP COM                                     | CUSIP: 904708104<br>LEI: 5493003XBTNWBC8UK019 | Long             | EC               | CORP              | US        |     20744 | NS      | $5300299.44   | 2.64%             |  |  |  | No            |                  1 | On Loan: No      |
| MYR GROUP INC                               | MYR GROUP INC COM                                     | CUSIP: 55405W104<br>LEI: 529900G1IMMZHOQ17I54 | Long             | EC               | CORP              | US        |     15552 | NS      | $6295605.12   | 3.14%             |  |  |  | No            |                  1 | On Loan: No      |
| LSB INDUSTRIES INC                          | LSB INDUSTRIES INC COM                                | CUSIP: 502160104<br>LEI: 5493001H215A0HG0MI71 | Long             | EC               | CORP              | US        |    380298 | NS      | $5666440.20   | 2.82%             |  |  |  | No            |                  1 | On Loan: No      |
| SOUTHSIDE BANCSHARES INC                    | SOUTHSIDE BANCSHARES INC COM                          | CUSIP: 84470P109<br>LEI: 549300TC83207VQA2K65 | Long             | EC               | CORP              | US        |    116879 | NS      | $3860513.37   | 1.92%             |  |  |  | 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        |    962705 | NS      | $4794270.90   | 2.39%             |  |  |  | No            |                  1 | On Loan: No      |
| INVESTORS TITLE CO INC                      | INVESTORS TITLE CO INC COM                            | CUSIP: 461804106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     21856 | NS      | $5175063.68   | 2.58%             |  |  |  | No            |                  1 | On Loan: No      |
| OCEANFIRST FINANCIAL CORP                   | OCEANFIRST FINANCIAL CORP COM                         | CUSIP: 675234108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    246137 | NS      | $4693832.59   | 2.34%             |  |  |  | No            |                  1 | On Loan: No      |
| QUALYS INC                                  | QUALYS INC COM                                        | CUSIP: 74758T303<br>LEI: 549300EMBXYOW9W1XA17 | Long             | EC               | CORP              | US        |     39052 | NS      | $3394790.36   | 1.69%             |  |  |  | No            |                  1 | On Loan: No      |
| UMB FINANCIAL CORP                          | UMB FINANCIAL CORP COM                                | CUSIP: 902788108<br>LEI: 549300MGEH3N3CUCV828 | Long             | EC               | CORP              | US        |     78101 | NS      | $9854003.17   | 4.91%             |  |  |  | No            |                  1 | On Loan: No      |
| COLLEGIUM PHARMACEUTICAL INC                | COLLEGIUM PHARMACEUTICAL INC COM                      | CUSIP: 19459J104<br>LEI: 54930049FXZMTLW8D496 | Long             | EC               | CORP              | US        |    182295 | NS      | $6148810.35   | 3.06%             |  |  |  | No            |                  1 | On Loan: No      |
| ATLANTA BRAVES HOLDINGS INC                 | ATLANTA BRAVES HOLDINGS INC COM SER A                 | CUSIP: 047726104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    111880 | NS      | $5920689.60   | 2.95%             |  |  |  | No            |                  1 | On Loan: No      |
| PROSPERITY BANCSHARES INC                   | PROSPERITY BANCSHARES INC COM                         | CUSIP: 743606105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    101965 | NS      | $7101862.25   | 3.54%             |  |  |  | No            |                  1 | On Loan: No      |
| ATLANTA BRAVES HOLDINGS INC                 | ATLANTA BRAVES HOLDINGS INC COM SER C                 | CUSIP: 047726302<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     25700 | NS      | $1269837.00   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| TIDEWATER INC                               | TIDEWATER INC COM                                     | CUSIP: 88642R109<br>LEI: 2549000JA5GRUPLMUH98 | Long             | EC               | CORP              | US        |    101786 | NS      | $9092543.38   | 4.53%             |  |  |  | No            |                  1 | On Loan: No      |
| COMPASS INC                                 | COMPASS INC CL A                                      | CUSIP: 20464U100<br>LEI: 254900DMGQSTC3I2IM78 | Long             | EC               | CORP              | US        |    187469 | NS      | $1419140.33   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| FLAGSTAR BANK NA                            | FLAGSTAR BANK NA COM NEW                              | CUSIP: 649445400<br>LEI: SS1TRMSN6BRNMOREEV51 | Long             | EC               | CORP              | US        |    330557 | NS      | $4617881.29   | 2.30%             |  |  |  | No            |                  1 | On Loan: No      |
| MAXIMUS INC                                 | MAXIMUS INC COM                                       | CUSIP: 577933104<br>LEI: 549300DQCDS8HJ7QF202 | Long             | EC               | CORP              | US        |     60459 | NS      | $3967319.58   | 1.98%             |  |  |  | No            |                  1 | On Loan: No      |
| PROASSURANCE CORP                           | PROASSURANCE CORP COM                                 | CUSIP: 74267C106<br>LEI: 54930015E5J57R675E89 | Long             | EC               | CORP              | US        |    260225 | NS      | $6427557.50   | 3.20%             |  |  |  | No            |                  1 | On Loan: No      |
| KAISER ALUMINUM CORP                        | KAISER ALUMINUM CORP COM PAR $0.01                    | CUSIP: 483007704<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     29778 | NS      | $5075064.54   | 2.53%             |  |  |  | No            |                  1 | On Loan: No      |
| PBF ENERGY INC                              | PBF ENERGY INC CL A                                   | CUSIP: 69318G106<br>LEI: 2549003PBEDCSZMZIY02 | Long             | EC               | CORP              | US        |    131050 | NS      | $5682328.00   | 2.83%             |  |  |  | No            |                  1 | On Loan: No      |
| CENTRAL SECURITIES CORP                     | CENTRAL SECURITIES CORP COM                           | CUSIP: 155123102<br>LEI: 549300D87MQ4TEVRK235 | Long             | EC               | RF                | US        |    101812 | NS      | $5421489.00   | 2.70%             |  |  |  | No            |                  1 | On Loan: No      |
| ALAMO GROUP INC                             | ALAMO GROUP INC COM                                   | CUSIP: 011311107<br>LEI: 54930080C93RVZRSDV26 | Long             | EC               | CORP              | US        |     34257 | NS      | $5941534.08   | 2.96%             |  |  |  | No            |                  1 | On Loan: No      |
| TRI POINTE HOMES INC                        | TRI POINTE HOMES INC COM                              | CUSIP: 87265H109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    155515 | NS      | $7292098.35   | 3.63%             |  |  |  | No            |                  1 | On Loan: No      |
| ENCORE CAPITAL GROUP INC                    | ENCORE CAPITAL GROUP INC COM                          | CUSIP: 292554102<br>LEI: 5493000UVC6H49CIH830 | Long             | EC               | CORP              | US        |    129476 | NS      | $10716728.52  | 5.34%             |  |  |  | No            |                  1 | On Loan: No      |
| HARLEY-DAVIDSON INC                         | HARLEY-DAVIDSON INC COM                               | CUSIP: 412822108<br>LEI: ZDNAWZWXIKMWI51R2A08 | Long             | EC               | CORP              | US        |    209306 | NS      | $5000320.34   | 2.49%             |  |  |  | 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