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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 2026-06-06 from SEC 13F data.
1PKXPosco ADR ADR8.26%-0$312.42K
2BAMBrookfield Asset Mgmt. CL A LTD VT SH7.96%-0$301.06K
3BKBank of New York Mellon Corp. COM5.53%-0$209.33K
4CVACovanta Holding Corporation COM3.86%Reduce -100.0%0$145.98K
5WYWeyerhaeuser Company COM3.76%-0$142.21K
6AMATApplied Materials, Inc. COM2.43%-0$92.02K
7TRCTejon Ranch Co. COM2.34%-0$88.63K
8WTMWhite Mtns Insurance Group COM2.29%-0$86.6K
9YAlleghany Corp. COM2.28%-0$86.38K
10ECAEncana Corporation COM2.27%-0$85.8K
11LUKLeucadia National Corporation COM2.26%Reduce -100.0%0$85.35K
12DVNDevon Energy Corp. COM1.89%Reduce -100.0%0$71.6K
13LOWLowe's Companies Inc. COM1.67%-0$63.29K
14IMIngram Micro Inc. CL A1.64%Reduce -100.0%0$62.21K
15BRSBristow Group Inc. COM1.59%Reduce -100.0%0$60.34K
16CKHSeacor Holdings Inc. COM1.55%Reduce -100.0%0$58.48K
17VNOVornado Realty Trust SH BEN INT1.47%-0$55.45K
18MTNVail Resorts Inc. COM1.43%Reduce -100.0%0$54.27K
19TFXTelefex Inc. COM1.38%Reduce -100.0%0$52.29K
20MSGMadison Square Garden Inc. CL A1.32%Reduce -100.0%0$49.84K
21FRFirst Industrial Realty Trust, Inc. COM1.29%-0$48.91K
22SEMGSemGroup Corporation COM1.27%Reduce -100.0%0$48.15K
23SCMRSycamore Networks, Inc. COM NEW1.19%-0$45.18K
24BRBroadridge Fin'l Solutions Inc. COM1.14%Reduce -100.0%0$42.97K
25CVCOCavco Industries, Inc. COM1.13%Reduce -100.0%0$42.73K
26AVXAVX Corporation COM1.13%-0$42.72K
27LSTZALiberty Media-Starz Group LIB STAR COM A1.12%Reduce -100.0%0$42.29K
28TPGIThomas Properties Group Inc. COM1.10%-0$41.71K
29LXKLexmark International Inc. CL A1.04%Reduce -100.0%0$39.48K
30OSKOshkosh Corporation COM1.02%Reduce -100.0%0$38.63K
31EFIIElectronics for Imaging Inc. COM0.96%Reduce -100.0%0$36.49K
32MANTMantech International Corp. COM0.96%Reduce -100.0%0$36.26K
33SUPSuperior Industries Int'l, Inc. COM0.93%Reduce -100.0%0$35.02K
34CMPCompass Minerals Int'l COM0.92%Reduce -100.0%0$34.78K
35KALUKaiser Aluminum Corp. COM PAR 0.010.90%Reduce -100.0%0$34.14K
36KMTKennametal Inc. COM0.89%New0$33.56K
37UNFUniFirst Corporation COM0.87%Reduce -100.0%0$32.76K
38HCCHCC Insurance Holdings COM0.85%Reduce -100.0%0$32.03K
39KGCKinross Gold Corporation COM NO PAR0.82%Reduce -100.0%0$30.91K
40ICFIICF International, Inc. COM0.77%Reduce -100.0%0$29.14K
41SXTSensient Technologies Corp. COM0.75%Reduce -100.0%0$28.4K
42HARHarman Int'l Industries, Inc. COM0.73%New0$27.6K
43MTXMinerals Technologies Inc. COM0.72%-0$27.28K
44RSTIRofin-Sinar Technologies Inc. COM0.69%New0$25.94K
45GLTGlatfelter P. H. Co. COM0.68%Reduce -100.0%0$25.67K
46PRGSProgress Software Corporation COM0.66%New0$25.12K
47HAEHaemonetics Corporation COM0.65%Reduce -100.0%0$24.67K
48CMAComerica Inc. COM0.65%New0$24.52K
49PDSPrecision Drilling Corp, COM0.64%Reduce -100.0%0$24.3K
50CLDCloud Peak Energy Inc. COM0.64%Reduce -100.0%0$24.04K
51PDCPioneer Drilling Co. COM0.64%Reduce -100.0%0$24.03K
52LXULSB Industries Inc. COM0.62%New0$23.64K
53NEMNewmont Mining Corporation COM0.62%Reduce -100.0%0$23.51K
54EMEEMCOR Group, Inc. COM0.60%Reduce -100.0%0$22.71K
55BELFBBel Fuse Inc. CL B0.59%Reduce -100.0%0$22.25K
56SYMCSymantec Corp COM0.59%New0$22.19K
57ACGLArch Capital Group Ltd. ORD0.56%Reduce -100.0%0$21.15K
58JOSBJos A Bank Clothiers Inc. COM0.53%New0$20.2K
59ALGAlamo Group, Inc. COM0.52%Reduce -100.0%0$19.49K
60WIREEncore Wire Corporation COM0.50%Reduce -100.0%0$19.03K
61SCLStepan Company COM0.50%Reduce -100.0%0$19K
62WHGWestwood Holdings Group Inc. COM0.50%Reduce -100.0%0$18.99K
63ESIOElectro Scientific Industries, Inc. COM0.50%Reduce -100.0%0$18.78K
64AEOAmerican Eagle Outfitters COM0.49%Reduce -100.0%0$18.66K
65JJSFJ&J Snack Foods Corporation COM0.49%Reduce -100.0%0$18.66K
66JAKKJakks Pacific, Inc. COM0.46%Reduce -100.0%0$17.38K
67CSWCCapital Southwest COM0.43%Reduce -100.0%0$16.09K
68MRHMontpelier Re Holdings Ltd. SHS0.42%Reduce -100.0%0$15.78K
69PKEPark Electrochemical Corporation COM0.41%Reduce -100.0%0$15.53K
70WLKWestlake Chemical Corp. COM0.40%Reduce -100.0%0$15.29K
71CTOConsolidated Tomoka Land Co. COM0.39%-0$14.88K
72CVECenovus Energy Inc. COM0.33%Reduce -100.0%0$12.45K
73ITGInvestment Technology Group COM0.33%Reduce -100.0%0$12.34K
74DARDarling International Inc. COM0.32%New0$12.02K
75KEYKeycorp COM0.32%-0$11.96K
76EXLExcel Trust, Inc. COM0.31%Reduce -100.0%0$11.87K
77CCRNCross Country Healthcare Inc. COM0.31%Reduce -100.0%0$11.75K
78HVTHaverty Furniture Companies Inc. COM0.30%Reduce -100.0%0$11.54K
79STLYStanley Furniture Company, Inc. COM0.29%Reduce -100.0%0$11.04K
80INTCIntel Corporation COM0.27%Reduce -100.0%0$10.26K
81IIINInsteel Industries Inc. COM0.25%Reduce -100.0%0$9.54K
82XECCimarex Energy Co. COM0.22%Reduce -100.0%0$8.39K
83STNGScorpio Tankers COM0.22%Reduce -100.0%0$8.18K
84TLABTellabs, Inc. COM0.19%-0$7.03K
85ALCOAlico, Inc. COM0.18%Reduce -100.0%0$6.79K
86KRNYKearny Financial Corp. COM0.14%Reduce -100.0%0$5.19K
87COWNCowen group Inc. COM0.13%Reduce -100.0%0$4.85K
88GMGeneral Motors Co. COM0.12%Reduce -100.0%0$4.57K
89FNFGFirst Niagara Financial Group, Inc. COM0.11%Reduce -100.0%0$4.13K
90TRNOTerreno Realty Corp. COM0.11%-0$4.02K
91KELYAKelly Services Inc. CL A0.09%New0$3.55K
92CDRCedar Shopping Centers COM0.06%Reduce -100.0%0$2.25K
93VTGDFVantage Drilling Co. COM0.05%Reduce -100.0%0$1.88K
94DLPHDelphi Automotive plc COM0.04%New0$1.69K
95SKYSkyline Corporation COM0.04%Reduce -100.0%0$1.64K
96RFPResolute Forest Products, Inc. COM NEW0.04%New0$1.42K
97COPConocoPhillips COM0.03%Reduce -100.0%0$1.04K
98FCEAForest City Enterprises Inc. CL A0.03%-0$984
99TDWTidewater Inc. COM0.03%Reduce -100.0%0$983
100SNYSanofi- Aventis ADR SPON ADR0.02%Reduce -100.0%0$657
101BPOBrookfield Properties COM0.02%Reduce -100.0%0$654
102FPOFirst Potomac Realty Trust COM0.01%Reduce -100.0%0$521
103AKRAcadia Realty Trust COM SH BEN INT0.01%Reduce -100.0%0$464
104KIMKimco Realty Corp COM0.01%Reduce -100.0%0$435
105PSBPS Business Parks, Inc. COM0.01%Reduce -100.0%0$413
106PLDPrologis Inc. COM0.01%Reduce -100.0%0$222
107NLYAnnaly Capital Management, Inc. COM0.01%Reduce -100.0%0$195
108CMOCapstead Mortgage Corp. COM NO PAR0.00%Reduce -100.0%0$174
115WFRMEMC Electronic Materials, Inc. COM-Sold0$0
114MDCMDC Holdings Inc. COM-Sold0$0
113FCEBForest City Enterprises Inc. CL B CONV-Sold0$0
112CARVCarver Bancorp, Inc. COM-Sold0$0
111ALEXAlexander & Baldwin, Inc. COM-Sold0$0
110AROAeropostale Inc. COM-Sold0$0
109ABHAbitibiBowater Inc. COM NEW-Sold0$0