Third Avenue Management released its “Third Avenue Real Estate Value Fund” second-quarter 2025 investor letter. The fund returned +6.38% (after fees) for the six months ended June 30, 2025, compared to +6.66% (before fees) for the FTSE EPRA NAREIT Developed Index. The fund has generated an annualized return of +8.94% (after fees) since its inception in 1998.

In its second-quarter 2025 investor letter, the Third Avenue Real Estate Value Fund highlighted Champion Homes, Inc. (NYSE: SKY). Champion Homes, Inc. engages in the manufacturing and sales of mobile homes and other manufactured housing. The stock had a one-month return of 1.93% and lost 16.05% of its value over the last 52 weeks.

Third Avenue Real Estate Value Fund initiated positions in Champion Homes, Inc. (NYSE: SKY) and Jardine Matheson Holdings Ltd. The fund believes both companies are well-capitalized and well-positioned for fundamental shifts. Champion Homes, Inc. (NYSE: SKY) closed at $69.15 per share on August 7, 2025, with a market capitalization of $3.961 billion.

Champion Homes, Inc. (NYSE: SKY) is not on the list of 30 Most Popular Stocks Among Hedge Funds. 23 hedge fund portfolios held Champion Homes, Inc. (NYSE: SKY) at the end of the first quarter. The fund acknowledges the potential of Champion Homes, Inc. (NYSE: SKY) but sees greater upside potential in certain AI stocks with less downside risk.

In another article, Champion Homes, Inc. (NYSE: SKY) is covered alongside the best residential construction stocks to buy. For more investor letters from hedge funds and leading investors, visit the hedge fund investor letters Q2 2025 page. Check out “The Best and Worst Dow Stocks for the Next 12 Months” and “10 Unstoppable Stocks That Could Double Your Money.”

Disclosure: None. This article was originally published by Insider Monkey.

Read more at Yahoo Finance: Should You Consider Adding Champion Homes (SKY) to Your Portfolio?