Third Avenue Management, an investment management company based in New York City, released its “Third Avenue Small-Cap Value Fund” first quarter 2025 investor letter. A copy of the letter can be downloaded here. During the quarter, the fund returned -4.54% compared to -5.87% % for the MSCI USA Small-Cap Value Index (the “Index”) and -7.74% return for the Russell 2000 Value Index. The Fund has returned +15.46%, annualized, for the trailing five-year period. For more information on the fund’s top picks in 2025, please check its top five holdings.

In its first-quarter 2025 investor letter, Third Avenue Small-Cap Value Fund highlighted stocks such as Atlanta Braves Holdings, Inc. (NASDAQ:BATRA). Headquartered in Atlanta, Georgia, Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) owns and operates the Atlanta Braves Major League Baseball Club. The one-month return of Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) was 3.99%, and its shares gained 5.26% of their value over the last 52 weeks. On May 8, 2025, Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) stock closed at $43.81 per share with a market capitalization of $2.52 billion.

Third Avenue Small-Cap Value Fund stated the following regarding Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) in its Q1 2025 investor letter:

"Entertainment company Atlanta Braves Holdings, Inc. (NASDAQ:BATRA), among others, also made important contributions to performance. With regard to Atlanta Braves Holdings, the company reported several pieces of positive news during the quarter relating to both its real estate development assets as well as multiple new media and streaming rights agreements. Entities controlled by John Malone, Atlanta Braves Holding’s controlling shareholder, could also be seen consistently buying shares throughout the quarter."

Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 16 hedge fund portfolios held Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) at the end of the fourth quarter which was 12 in the previous quarter. While we acknowledge the potential of Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

Story Continues

In another article, we covered Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) and shared stock picks of billionaire Mario Gabelli. In addition, please check out our hedge fund investor letters Q1 2025 page for more investor letters from hedge funds and other leading investors.

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Disclosure: None. This article is originally published at Insider Monkey.

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