What Supported the Third Avenue Value Fund’s Harley-Davidson (HOG) Addition?
Key takeaways
- What Supported the Third Avenue Value Fund’s Harley-Davidson (HOG) Addition?
- In its first-quarter 2026 investor letter, Third Avenue Value Fund highlighted Harley-Davidson, Inc.
- Third Avenue Value Fund stated the following regarding Harley-Davidson, Inc.
What Supported the Third Avenue Value Fund’s Harley-Davidson (HOG) Addition? Soumya Eswaran Mon, June 22, 2026 at 7:14 PM GMT+7 4 min read HOG DX-Y.NYB Third Avenue Management, an investment management company based in New York City, released its “Third Avenue Value Fund” first-quarter 2026 investor letter. A copy of the letter can be downloaded here. The fund returned 7.28% in the first quarter compared to the MSCI World Index (Net) at -3.57%, and the MSCI World Value Index (Net) at 1.18%. It had a strong three- and five-year annualized return of 16.26% and 15.38%. The letter noted that before the U.S. and Israeli military campaign in Iran, non-U.S. equities outperformed U.S. equities, value strategies performed well, and the U.S. dollar weakened. The Fund excelled then, but the subsequent outbreak of war led to a significant drop in equities. While the Fund performed better in the former environment. The firm aims to build a portfolio of undervalued, well-capitalized businesses capable of building shareholder wealth over time. The value-oriented approach has invested mostly outside the U.S. and in smaller companies in recent years. During the quarter, global markets deteriorated, creating opportunities for the Fund to add to existing holdings and initiate new positions. In addition, please check the Strategy’s top five holdings to know its best picks in 2026.
In its first-quarter 2026 investor letter, Third Avenue Value Fund highlighted Harley-Davidson, Inc. (NYSE:HOG). Harley-Davidson, Inc. (NYSE:HOG) is a leading motorcycle manufacturer that operates through Harley-Davidson Motor Company, LiveWire, and Harley-Davidson Financial Services segments. On June 18, 2026, Harley-Davidson, Inc. (NYSE:HOG) closed at $25.67 per share. One-month return of Harley-Davidson, Inc. (NYSE:HOG) was 8.18%, and its shares gained 9.79% over the past 52 weeks. Harley-Davidson, Inc. (NYSE:HOG) has a market capitalization of $2.70 billion.
Third Avenue Value Fund stated the following regarding Harley-Davidson, Inc. (NYSE:HOG) in its Q1 2026 investor letter: