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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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Buys

These are the positions the manager opened or added to this quarter, showing where they put more money to work. The quarter shown is Q2 2026.

TickerSecurityActivity% portfolioSharesValueReported priceQ range
RHIRobert Half IncAdd +33.7%5.93%1,208,336$37.1M$30.70$23.01 - $33.26(75%)$24.67 -> $30.70
TMHCTaylor Morrison Home CorpNew0.99%85,941$6.17M$71.74$54.15 - $72.26(97%)$58.31 -> $71.74
MMSMaximus IncNew0.64%74,085$3.98M$53.76$52.73 - $70.82(6%)$62.56 -> $53.76
-Hongkong Land Holdings LtdCUSIP G4587L109New0.63%550,300$3.92M-
CRAICRA International IncNew0.47%20,819$2.96M$142.30$133.96 - $154.24(41%)$137.75 -> $142.30
BCCBoise Cascade CoAdd +7.1%7.47%602,086$46.74M$77.63$65.00 - $85.87(61%)$75.08 -> $77.57
ICFIICF International IncAdd +37.9%1.15%98,893$7.21M$72.86$58.83 - $75.68(83%)$65.48 -> $72.86
FSVFirstService CorpAdd +22.8%1.41%61,951$8.8M$142.11$119.41 - $154.00(66%)$138.16 -> $142.11
ALGAlamo Group IncAdd +23.1%1.11%42,265$6.95M$164.49$145.76 - $181.32(53%)$170.00 -> $164.19
COLLCollegium Pharmaceutical IncAdd +17.7%1.06%182,645$6.61M$36.20$30.15 - $40.50(58%)$33.25 -> $36.20
TDWTidewater IncAdd +1.4%9.95%934,121$62.24M$66.63$62.94 - $93.13(12%)$83.44 -> $66.63
LEN-BLennar CorpAdd +4.8%2.12%149,658$13.28M$88.71$79.50 - $95.12(59%)$83.27 -> $88.71
VALValaris LtdAdd +1.6%5.99%516,313$37.48M$72.60$72.48 - $114.12(0%)$96.38 -> $72.60
BKDBrookdale Senior Living IncAdd +6.7%1.27%494,826$7.96M$16.09$11.71 - $16.30(95%)$13.86 -> $16.09
HOGHarley-Davidson IncAdd +1.2%5.79%1,480,880$36.22M$24.46$20.01 - $26.99(64%)$20.33 -> $24.46
SDSandRidge Energy IncAdd +6.6%0.77%352,558$4.83M$13.70$13.41 - $16.14(11%)$15.16 -> $13.70
AMBCOctave Specialty Group IncAdd +0.1%1.34%1,341,879$8.37M-