Value Fund Endorses UMB Financial Owner-Operator Traits After 4.62% Q4 Gain
Third Avenue Small-Cap Value Fund's Q4 2025 letter praised UMB Financial's owner-operator mentality while returning 4.62%, outperforming the 3.13% MSCI USA Small-Cap Value Index. Shares closed at $113.96 on March 9, down 14.56% over one month and up 15.85% year to date with an $8.676 billion market capitalization.
1. Fund Performance and Endorsement
Third Avenue Small-Cap Value Fund returned 4.62% in Q4 2025, exceeding the MSCI USA Small-Cap Value Index’s 3.13%. In its letter, the fund highlighted UMB Financial’s owner-operator mentality and long record of financial stewardship as a key holding.
2. Share Price Movement
UMB Financial shares closed at $113.96 on March 9, reflecting a 14.56% decline over the previous month and a 15.85% gain over the past 52 weeks, indicating recent volatility against longer-term strength.
3. Hedge Fund Holdings and Market Cap
Hedge fund portfolios holding UMB Financial fell to 20 at the end of Q4 2025 from 23 in the prior quarter. The company’s market capitalization stands at $8.676 billion.