Third Avenue Small-Cap Value Fund’s Q1 2021 Investor Letter

Third Avenue Management, an investment management firm, published its “Small-Cap Value Fund” first quarter 2021 investor letter – a copy of which can be downloaded here. A return of 18.51% was recorded by the fund for the Q1 of 2021, below the Fund’s most relevant benchmark, Russell 2000 Value Index, that rose to 21.17% for the same period. You can view the fund’s top 5 holdings to have a peek at their top bets for 2021.