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Focused investors/Third Avenue Management

Third Avenue Management

As of Q2 2026, Third Avenue Management reported 55 long-equity positions worth $625.34M in aggregate.

Copy-investor backtest

Latest quarter
+10.05%
1-year
+31.07%
3-year
+79.93%
5-year
+90.22%
3-year vs S&P 500
+7.54%
5-year vs S&P 500
+16.99%
5-year top 5
+140.52%

Return from mechanically copying the disclosed 13F equity portfolio after each filing and rebalancing at the next. The vs S&P 500 figures subtract SPY over that manager's own rebalance dates, so both sides cover the same days; both are price return, excluding dividends. Method & limitations.

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Updated 2026-08-13 from SEC 13F data.

Live quotes available for 52 of 57 rows. Rows without a quote are marked unavailable.

1TDWTidewater Inc9.95%Add +1.4%934,121$62.24M$66.6352w: $45.18 - $93.13; reported $66.63
2BCCBoise Cascade Co7.47%Add +7.1%602,086$46.74M$77.6352w: $65.00 - $95.00; reported $77.63
3VALValaris Ltd5.99%Add +1.6%516,313$37.48M$72.6052w: $41.88 - $114.12; reported $72.60
4RHIRobert Half Inc5.93%Add +33.7%1,208,336$37.1M$30.7052w: $21.83 - $43.82; reported $30.70
5HOGHarley-Davidson Inc5.79%Add +1.2%1,480,880$36.22M$24.4652w: $17.09 - $31.25; reported $24.46
6HCCWarrior Met Coal Inc3.70%Reduce -21.6%285,398$23.16M$81.1652w: $43.43 - $110.39; reported $81.16
7FPHFive Point Holdings LLC3.11%Reduce -4.3%3,696,155$19.48M$5.2752w: $4.60 - $6.64; reported $5.27
8CBRECBRE Group Inc2.93%Reduce -0.3%135,896$18.3M$134.6952w: $121.71 - $174.27; reported $134.69
9BNBrookfield Corp2.69%Reduce -18.0%394,929$16.82M$42.5952w: $37.93 - $49.57; reported $42.59
10UHAL-BU-Haul Holding Co2.62%Reduce -0.2%283,872$16.38M$57.7052w: $39.62 - $59.46; reported $57.70
11PLDPrologis Inc2.27%Reduce -16.8%104,823$14.2M$135.4752w: $103.41 - $150.18; reported $135.47
12LEN-BLennar Corp2.12%Add +4.8%149,658$13.28M$88.7152w: $79.50 - $137.39; reported $88.71
13PHMPulteGroup Inc2.09%Reduce -0.0%95,111$13.05M$137.2152w: $104.04 - $144.50; reported $137.21
14ECPGEncore Capital Group Inc1.94%Reduce -9.0%129,717$12.1M$93.2952w: $35.67 - $94.03; reported $93.29
15DHIDR Horton Inc1.80%Reduce -6.3%69,205$11.27M$162.8852w: $128.00 - $184.55; reported $162.88
16UMBFUMB Financial Corp1.79%-78,245$11.17M$142.7652w: $103.07 - $145.68; reported $142.76
17SUISun Communities Inc1.75%Reduce 0.0%91,454$10.97M$119.9152w: $115.53 - $137.85; reported $119.91
18ROGRogers Corp1.61%Reduce -59.2%61,584$10.08M$163.7352w: $61.17 - $168.98; reported $163.73
19JLLJones Lang LaSalle Inc1.59%Reduce -1.1%32,053$9.93M$309.9552w: $246.08 - $363.06; reported $309.95
20FNFFidelity National Financial In1.46%Reduce -0.2%193,119$9.11M$47.1652w: $42.78 - $59.21; reported $47.16
21SKYChampion Homes Inc1.42%Reduce -0.2%100,576$8.86M$88.1252w: $60.13 - $99.17; reported $88.12
22FSVFirstService Corp1.41%Add +22.8%61,951$8.8M$142.1152w: $119.41 - $209.66; reported $142.11
23AMHAmerican Homes 4 Rent1.40%Reduce -0.2%262,058$8.78M$33.5252w: $27.22 - $36.86; reported $33.52
24AMBCOctave Specialty Group Inc1.34%Add +0.1%1,341,879$8.37MNo quoteNo quote
25BKDBrookdale Senior Living Inc1.27%Add +6.7%494,826$7.96M$16.0952w: $6.65 - $17.09; reported $16.09
26PBProsperity Bancshares Inc1.19%-102,168$7.46M$73.0352w: $61.07 - $77.20; reported $73.03
27ICFIICF International Inc1.15%Add +37.9%98,893$7.21M$72.8652w: $58.83 - $101.71; reported $72.86
28SUPNSupernus Pharmaceuticals Inc1.14%-152,724$7.1M$46.5152w: $31.35 - $59.68; reported $46.51
29ALGAlamo Group Inc1.11%Add +23.1%42,265$6.95M$164.4952w: $145.76 - $233.29; reported $164.49
30COLLCollegium Pharmaceutical Inc1.06%Add +17.7%182,645$6.61M$36.2052w: $29.19 - $50.79; reported $36.20
31CPRXCatalyst Pharmaceuticals Inc1.06%-210,161$6.61M$31.4352w: $19.05 - $32.56; reported $31.43
32MYRGMYR Group Inc1.05%Reduce -54.7%13,066$6.54M$500.4052w: $171.51 - $503.56; reported $500.40
33BATRAAtlanta Braves Holdings Inc1.01%Reduce -32.0%111,880$6.3M$56.3152w: $41.50 - $57.42; reported $56.31
34TMHCTaylor Morrison Home Corp0.99%New85,941$6.17M$71.7452w: $54.15 - $72.50; reported $71.74
35ITICInvestors Title Co0.96%-21,894$5.99M$273.6852w: $199.16 - $288.98; reported $273.68
36PBFPBF Energy Inc0.95%-131,050$5.97M$45.5252w: $21.24 - $52.18; reported $45.52
37WCCWESCO International Inc0.94%Reduce -11.8%16,963$5.86M$345.4352w: $183.00 - $377.90; reported $345.43
38KALUKaiser Aluminum Corp0.93%Reduce -0.1%29,848$5.84M$195.6352w: $71.44 - $195.96; reported $195.63
39UNFUniFirst Corp/MA0.88%Reduce -26.8%20,802$5.5M$264.4652w: $147.66 - $283.77; reported $264.46
40QLYSQualys Inc0.86%-39,120$5.38M$137.4952w: $74.51 - $155.47; reported $137.49
41CETCentral Securities Corp0.85%-101,812$5.34M$52.4552w: $47.70 - $54.28; reported $52.45
42NYCBFlagstar Bank NA0.79%-331,241$4.95MNo quoteNo quote
43SDSandRidge Energy Inc0.77%Add +6.6%352,558$4.83M$13.7052w: $9.89 - $18.45; reported $13.70
44OCFCOceanFirst Financial Corp0.77%-246,662$4.82M$19.5352w: $16.09 - $20.61; reported $19.53
45FRFirst Industrial Realty Trust0.76%Reduce -4.3%77,498$4.75M$61.3152w: $47.38 - $64.66; reported $61.31
46LXULSB Industries Inc0.66%-381,096$4.12M$10.8152w: $7.09 - $17.22; reported $10.81
47SBSISouthside Bancshares Inc0.66%-116,879$4.11M$35.1952w: $26.32 - $35.38; reported $35.19
48BXCBlueLinx Holdings Inc0.64%-64,369$3.98M$61.8852w: $44.78 - $88.30; reported $61.88
49MMSMaximus Inc0.64%New74,085$3.98M$53.7652w: $52.73 - $100.00; reported $53.76
50-Hongkong Land Holdings LtdCUSIP G4587L1090.63%New550,300$3.92MNo quoteNo quote
51WYWeyerhaeuser Co0.62%Reduce -0.2%162,097$3.88M$23.9452w: $21.16 - $27.75; reported $23.94
52CRAICRA International Inc0.47%New20,819$2.96M$142.3052w: $133.96 - $154.24; reported $142.30
53FRPHFRP Holdings Inc0.43%-107,160$2.68M$24.9952w: $20.53 - $27.56; reported $24.99
54COMPCompass Inc0.37%-187,469$2.31M$12.3352w: $6.09 - $13.96; reported $12.33
55BATRKAtlanta Braves Holdings Inc0.22%Reduce -0.3%26,027$1.35M$51.9052w: $37.76 - $52.83; reported $51.90
57TPHTri Pointe Group Inc.-Sold0$0No quoteNo quote
56PRAProassurance Corp.-Sold0$0No quoteNo quote