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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.

Live quotes available for 59 of 118 rows. Rows without a quote are marked unavailable.

1WYWeyerhaeuser Company8.20%Reduce -0.5%6,013,322$180.94M$30.09No quote
2BAMBrookfield Asset Mgmt. CL A6.43%Reduce -2.3%4,299,141$141.92M$33.01No quote
3LENLennar Corp.5.74%Add +199.9%2,951,947$126.73M$42.93No quote
4FCEAForest City Enterprises Inc. CL A4.60%Reduce -3.7%4,867,140$101.43MNo quoteNo quote
5RYNRayonier Inc.4.16%Reduce -4.0%3,452,270$91.83M$26.60No quote
6BKBank of New York Mellon Corp.3.78%Reduce -13.5%1,759,465$83.36M$47.38No quote
7PNCPNC Financial Corp3.35%Reduce -0.5%632,296$73.95M$116.96No quote
8CMAComerica Inc.3.20%Reduce -32.8%1,037,604$70.67MNo quoteNo quote
9PNCWSPNC Financial Services Group 2018 Warrants2.93%Reduce -46.8%1,305,349$64.62MNo quoteNo quote
10VNOVornado Realty Trust2.83%Reduce -4.0%599,214$62.54M$104.37No quote
11TRCTejon Ranch Co.2.49%Reduce -3.8%2,164,153$55.03MNo quoteNo quote
12WTMWhite Mountains Insurance Group2.43%Reduce -3.0%64,091$53.58M$836.05No quote
13FRFirst Industrial Realty Trust, Inc.2.29%Reduce -19.9%1,802,943$50.57M$28.05No quote
14YAlleghany Corp.2.27%Reduce -0.3%82,354$50.08MNo quoteNo quote
15CVCOCavco Industries, Inc. (COM & Restricted)2.14%-472,919$47.22M$99.85No quote
16HARHarman International Industries, Inc.1.99%Reduce -0.5%395,177$43.93MNo quoteNo quote
17CBSCBS Corporation1.88%Reduce -22.5%650,481$41.38MNo quoteNo quote
18LOWLowe's Companies Inc.1.81%Reduce -4.0%560,911$39.89M$71.12No quote
19TPHSTrinity Place Holdings1.77%Add +33044.9%4,219,014$39.11MNo quoteNo quote
20DVNDevon Energy Corp.1.58%Reduce -0.7%764,345$34.91M$45.67No quote
21AMGNAmgen Inc.1.39%Add +56.6%210,262$30.74M$146.21No quote
22JCIJohnson Controls International plc1.34%Add +1.4%715,724$29.48M$41.19No quote
23AXEAnixter International Inc.1.29%Reduce -50.1%352,400$28.56MNo quoteNo quote
24MASMasco Corp.1.22%Add +8.3%852,594$26.96M$31.62No quote
25CVACovanta Holding Corporation1.19%Reduce -1.1%1,682,990$26.26MNo quoteNo quote
26ZIONZions Bancorporation1.18%Reduce -68.0%607,058$26.13M$43.04No quote
27KWKennedy-Wilson Holdings Inc.1.16%Reduce -3.5%1,245,153$25.53M$20.50No quote
28BKDBrookdale Senior Living Inc.1.14%Reduce -15.8%2,023,941$25.14M$12.42No quote
29RLRalph Lauren Corp.1.11%Reduce -0.7%270,116$24.4MNo quoteNo quote
30PKYParkway Inc.1.05%New1,044,662$23.24MNo quoteNo quote
31LIVNLivanova PLC1.05%Add +54.5%515,777$23.19M$44.97No quote
32FNFFNF Group1.02%Reduce -4.0%664,500$22.57M$33.96No quote
33AGCOAGCO Corp0.98%Reduce -32.0%374,671$21.68M$57.86No quote
34CERNCerner Corp.0.88%New408,707$19.36MNo quoteNo quote
35MACThe Macerich Company0.86%Reduce -65.6%267,301$18.94M$70.84No quote
36KEYKeycorp0.82%Reduce -30.6%986,968$18.03M$18.27No quote
37APAApache Corp0.74%Reduce -36.5%257,260$16.33M$63.47No quote
38SHPGShire Plc - ADR0.52%Reduce -0.6%67,805$11.55MNo quoteNo quote
39CBSHCommerce Bancshares, Inc0.49%Add +4.6%185,306$10.71MNo quoteNo quote
40WCICWCI Communities Inc.0.46%Reduce -18.1%432,988$10.15MNo quoteNo quote
41UMBFUMB Financial Corporation0.45%Reduce -10.0%127,791$9.86M$77.12No quote
42VCVisteon Corp.0.40%Reduce -14.8%110,112$8.85M$80.34No quote
43NSITInsight Enterprises, Inc.0.39%Reduce -4.4%210,950$8.53M$40.44No quote
44NTCTNetscout Systems Inc.0.38%Reduce -0.3%269,400$8.49M$31.50No quote
45SBSISouthside Bancshares Inc.0.38%Reduce -0.4%221,678$8.35M$37.67No quote
46CUBCubic, Corp.0.37%Reduce -0.4%171,518$8.22MNo quoteNo quote
47LABLMulti-Color Corporation0.36%Reduce -9.3%101,346$7.86MNo quoteNo quote
48ICFIICF International, Inc.0.34%Reduce -19.7%135,422$7.48M$55.20No quote
49PBProsperity Bancshares Inc.0.33%Reduce -0.4%101,963$7.32M$71.78No quote
50CFRCullen Frost Bankers, Inc.0.33%Reduce -0.4%82,000$7.24M$88.23No quote
51WKCWorld Fuel Services Corp0.31%Add +12.1%151,019$6.93MNo quoteNo quote
52ALGAlamo Group, Inc.0.30%Reduce -10.7%86,006$6.55M$76.10No quote
53TTEKTetra Tech, Inc.0.29%Reduce -0.4%149,244$6.44M$43.15No quote
54FCNFTI Consulting Inc.0.29%Reduce -8.6%140,392$6.33M$45.08No quote
55ARCOArcos Dorados Holdings, Inc.0.28%Reduce -1.9%1,163,100$6.28M$5.40No quote
56EMEEMCOR Group, Inc.0.28%Reduce -31.1%87,607$6.2M$70.76No quote
57DORMDorman Products, Inc.0.27%Reduce -18.3%81,500$5.95M$73.06No quote
58VLYValley National Bancorp0.27%Reduce -0.4%508,775$5.92M$11.64No quote
59VVIViad Corp.0.25%Reduce -11.5%127,533$5.62MNo quoteNo quote
60CSWICSW Industrials Inc.0.25%-150,348$5.54MNo quoteNo quote
61ROIAKRadio One Inc Cl D0.25%Reduce -10.4%1,906,369$5.53MNo quoteNo quote
62WOOFVCA Antech Inc.0.25%Reduce -0.4%80,458$5.52MNo quoteNo quote
63SYNTSyntel, Inc.0.25%Add +136.3%278,106$5.5MNo quoteNo quote
64KEXKirby Corporation0.25%Reduce -20.9%82,600$5.49M$66.50No quote
65GGenpact Ltd.0.24%Add +6.5%221,666$5.4M$24.34No quote
66FIXComfort Systems USA Inc.0.24%Reduce -0.4%161,375$5.37M$33.30No quote
67FLWS1-800-Flowers.com Inc.0.24%Reduce -6.3%501,564$5.37MNo quoteNo quote
68DSTDST Systems0.23%Add +8.4%48,300$5.18MNo quoteNo quote
69SMPStandard Motor Products, Inc.0.23%Reduce -37.8%95,747$5.1MNo quoteNo quote
70BBarnes Group Inc.0.22%Reduce -0.4%104,200$4.94M$47.42No quote
71SPSP Plus Corp.0.22%Add +38.4%169,423$4.77MNo quoteNo quote
72CBMCambrex Corp.0.20%Reduce -0.4%83,585$4.51MNo quoteNo quote
73MTNVail Resorts Inc.0.20%Reduce -0.4%26,939$4.35M$161.33No quote
74UNFUniFirst Corporation0.19%Reduce -23.8%29,910$4.3M$143.66No quote
75CNHICNH Industrial NV0.19%Reduce -8.3%490,100$4.26MNo quoteNo quote
76GIIIG-III Apparel Group Ltd.0.19%Reduce -0.4%142,601$4.22M$29.56No quote
77KALUKaiser Aluminum Corp.0.19%Add +6.8%52,778$4.1M$77.68No quote
79CZZCosan Ltd.0.17%Reduce -21.5%511,000$3.84MNo quoteNo quote
78CRZOCarrizo Oil & Gas Inc.0.17%Add +11.2%102,753$3.84MNo quoteNo quote
80TILEInterface Inc.0.17%Reduce -19.0%202,020$3.75M$18.55No quote
81DSWDSW Inc.0.17%Reduce -27.5%164,900$3.74MNo quoteNo quote
82TFXTelefex Inc.0.17%Reduce -0.4%23,007$3.71M$161.17No quote
83SEBSeaboard Corp.0.17%Reduce -0.3%937$3.7M$3951.97No quote
84KFYKorn/Ferry International0.17%New125,500$3.69M$29.43No quote
85ABMABM Industries Inc0.17%Reduce -12.9%89,857$3.67M$40.84No quote
86PRGSProgress Software Corporation0.16%Reduce -0.4%112,355$3.59MNo quoteNo quote
87ALCOAlico, Inc.0.16%Reduce -0.4%129,227$3.51MNo quoteNo quote
88LUKLeucadia National Corporation0.16%Reduce -11.6%150,733$3.51MNo quoteNo quote
89TNETTrinet Group Services0.15%New128,600$3.3MNo quoteNo quote
90CSGSCSG Systems International, Inc.0.15%Reduce -0.4%67,198$3.25MNo quoteNo quote
91MYRGMYR Group Inc.0.15%Reduce -26.1%86,000$3.24M$37.67No quote
92LMLegg Mason Inc.0.14%Reduce -0.3%104,132$3.12MNo quoteNo quote
93FRGIFiesta Restaurant Group, Inc.0.14%Reduce -0.4%104,127$3.11MNo quoteNo quote
94PDCOPatterson Companies Inc0.14%Reduce -0.4%75,400$3.09MNo quoteNo quote
95ANIPAni Pharmaceuticals Inc.0.14%Reduce -0.2%49,933$3.03M$60.62No quote
96BMCHBMC Stock Holdings, Inc.0.12%New141,000$2.75MNo quoteNo quote
97CSWCCapital Southwest0.11%-150,348$2.43MNo quoteNo quote
98MDRXAllscripts Healthcare Solutions, Inc.0.09%Reduce -0.3%203,687$2.08MNo quoteNo quote
99UCPUCP Inc. - Class A0.09%Reduce -37.4%169,859$2.05MNo quoteNo quote
100CCSCentury Communities Inc.0.09%Reduce -13.6%94,974$1.99M$21.00No quote
101SBSAASpanish Broadcasting System, Inc0.09%-639,603$1.95MNo quoteNo quote
102CIRCircor International Inc.0.08%Reduce -0.4%26,267$1.7MNo quoteNo quote
103NXQuanex Building Products0.07%New78,300$1.59M$20.29No quote
104CMAWSComerica Inc 2018 Warrants0.07%Reduce -57.4%38,300$1.48MNo quoteNo quote
105SKTTanger Factory Outlet Centers, Inc0.06%Reduce -0.4%37,519$1.34M$35.77No quote
106CTTCatchmark Timber Trust Inc.0.04%-80,000$901KNo quoteNo quote
107FPOFirst Potomac Realty Trust0.04%-80,000$878KNo quoteNo quote
108SYNASynaptics Inc.0.04%New15,800$847K$53.61No quote
109NXRTNEXPOINT RESIDNL TR0.03%-25,000$559KNo quoteNo quote
110LEN/BLennar Corp - Class BCUSIP 5260573020.02%New11,356$392KNo quoteNo quote
111VMIValmont Industries0.01%Reduce -28.3%1,699$239KNo quoteNo quote
112TTETotal Fina ELF S A ADR0.00%Reduce -35.1%1,823$93K$51.01No quote
113VODVodafone Group Plc - ADR0.00%Reduce -32.2%1,877$46KNo quoteNo quote
114FCEBForest City Enterprises Inc. CL B0.00%-702$19KNo quoteNo quote
118WMIHWMI Holdings Corp,-Sold0$0No quoteNo quote
117FLOWSPX Flow Inc.-Sold0$0No quoteNo quote
116IMIngram Micro Inc.-Sold0$0No quoteNo quote
115CSTCST Brands, Inc-Sold0$0No quoteNo quote