Third Avenue Small-Cap Value Fund Investor Class
TVSVX
NASDAQ- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 622 Third Avenue New York NY United States of America 10017
- IPO Date
- Dec 31, 2009
- CIK
- 0001031661
- Website
- thirdave.com
- Similar Companies
- Business
- Third Avenue Small-Cap Value Fund Investor Class (TVSVX) is an open-end mutual fund that seeks long-term capital appreciation by primarily investing at least 80% of its net assets in equity securities, including common stocks and convertible securities, of well-financed small companies trading at discounts to their intrinsic value; it also opportunistically invests in both domestic and foreign securities across market capitalizations, with a focus on small-cap value stocks in sectors such as financial services, industrials, healthcare, energy, and basic materials. The fund offers Investor Class shares with a minimum initial investment of $2,500, subsequent investments of $1,000, a net expense ratio of 1.43%, and daily pricing, available for sale in the United States. Domiciled in the United States and launched on December 31, 2009, the fund is managed by Third Avenue Management LLC, headquartered at 622 Third Avenue, New York, New York, with current portfolio managers Jason Wolf and Matthew Fine, who assumed their roles on June 7, 2024. As of the latest reporting, total net assets stand at approximately $158 million, with the Investor Class share class at $4.73 million and a portfolio allocation of 91.59% U.S. stocks, 8.32% cash, and minimal non-U.S. exposure. Recent portfolio activity reflects active management with new position initiations, including Boise Cascade (BCC) and Rogers Corporation (ROG) in Q3 2025, Cantaloupe Inc. (CTLP) and Visteon Corp. (VC) in Q2 2025, and additions to holdings like UniFirst Corporation (UNF), Ambac Financial Group (AMBC), BlueLinx Holdings (BXC), Kaiser Aluminum, and OceanFirst Financial (OCFC); the fund fully exited Hamilton Beach Brands in Q3 2025 and maintains a cash position of around 4.5%. Management changes include the appointment of Jason Wolf and Matthew Fine in June 2024, aligning with Third Avenue Management's value-oriented philosophy originally developed by founder Martin J. Whitman. The fund generated a 7.18% return in Q3 2025 (net of fees), driven by holdings like Supernus Pharmaceuticals (SUPN), amid expectations for increased merger and acquisition activity entering 2025 under a favorable regulatory environment. Third Avenue Management, a subsidiary of Affiliated Managers Group, continues to emphasize opportunistic, deep-value strategies unconstrained by sector or geography.