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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 42 of 77 rows. Rows without a quote are marked unavailable.

1BAMBrookfield Asset Mgmt. CL A10.00%Reduce -1.0%3,977,742$177.13M$44.53No quote
2WYWeyerhaeuser Company8.54%Reduce -7.1%4,685,535$151.2M$32.27No quote
3LENLennar Corp.6.93%Add +0.1%2,629,208$122.76M$46.69No quote
4FPHFive Point Holdings LLC - CL A5.43%Add +17.8%10,218,135$96.15M$9.41No quote
5MACThe Macerich Company4.95%Add +0.3%1,585,516$87.66M$55.29No quote
6RYNRayonier Inc.4.53%Add +0.2%2,372,835$80.23M$33.81No quote
7HCCWarrior Met Coal Inc.4.06%Add +5.6%2,655,834$71.81M$27.04No quote
8TDWTidewater Inc.3.94%Reduce -0.9%2,238,085$69.81M$31.19No quote
9PNCWSPNC Financial Services Group 2018 Warrants3.49%-896,250$61.84MNo quoteNo quote
10VNOVornado Realty Trust3.45%Add +0.3%835,693$61.01M$73.00No quote
11LOWLowe's Companies Inc.3.12%Add +0.3%481,026$55.23M$114.82No quote
12AKRAcadia Realty Trust2.90%Add +0.2%1,831,470$51.34MNo quoteNo quote
13CMAComerica Inc.2.71%Reduce -1.0%532,225$48.01MNo quoteNo quote
14LEN/BLennar Corp - Class BCUSIP 5260573022.56%Add +7.1%1,175,800$45.27MNo quoteNo quote
15FRFirst Industrial Realty Trust, Inc.2.53%Reduce -16.4%1,425,033$44.75M$31.40No quote
16BKBank of New York Mellon Corp.1.88%Reduce -16.7%651,082$33.2M$50.99No quote
17ORIGOcean Rig UDW Inc.1.83%Add +14.2%936,650$32.43MNo quoteNo quote
18UHALAmerco1.77%Add +0.3%87,659$31.26M$356.65No quote
19TPHSTrinity Place Holdings1.70%Add +0.3%4,948,595$30.14MNo quoteNo quote
20ZIONZions Bancorporation1.60%-563,711$28.27M$50.15No quote
21TRCTejon Ranch Co.1.57%Reduce -30.8%1,278,691$27.76MNo quoteNo quote
22WTMWhite Mountains Insurance Group1.51%Reduce -0.3%28,649$26.81M$935.88No quote
23JBGSJBG Smith Properties1.31%Add +95.6%629,885$23.2MNo quoteNo quote
24HAHAWAIIAN HOLDINGS INC1.30%Add +44.0%574,199$23.03MNo quoteNo quote
25AHLAspen Insurance Holdings Ltd1.21%Add +25.7%513,456$21.46MNo quoteNo quote
26FNFFNF Group1.21%Add +0.3%544,922$21.44M$39.35No quote
27SRGSeritage Growth Properties0.79%Add +0.6%293,125$13.92MNo quoteNo quote
28FCNFTI Consulting Inc.0.55%Reduce -0.0%134,122$9.82M$73.19No quote
29MYRGMYR Group Inc.0.55%Add +5.6%299,535$9.78M$32.64No quote
30CUBCubic, Corp.0.55%-132,450$9.68MNo quoteNo quote
31TTEKTetra Tech, Inc.0.51%Reduce -0.1%131,673$8.99M$68.31No quote
32PBProsperity Bancshares Inc.0.49%-125,024$8.67M$69.35No quote
33ICFIICF International, Inc.0.48%Reduce -22.3%112,787$8.51M$75.45No quote
34ATNIATN INTERNATIONAL INC0.48%-115,053$8.5MNo quoteNo quote
35SMHISeacor Marine Holdings Inc.0.46%Add +0.1%357,909$8.1M$22.63No quote
36UMBFUMB Financial Corporation0.45%Add +37.1%111,865$7.93M$70.91No quote
37CSWICSW Industrials Inc.0.43%Reduce -6.5%140,574$7.55MNo quoteNo quote
38CBSHCommerce Bancshares, Inc0.40%-108,051$7.13MNo quoteNo quote
39TPHTri Pointe Group Inc.0.40%Add +37.3%564,113$7M$12.40No quote
40SBSISouthside Bancshares Inc.0.39%-198,385$6.9M$34.80No quote
41KALUKaiser Aluminum Corp.0.39%-62,678$6.84M$109.07No quote
42FCEAForest City Enterprises Inc. CL A0.36%Reduce -96.4%256,418$6.43MNo quoteNo quote
43VVIViad Corp.0.36%Reduce -0.3%108,235$6.41MNo quoteNo quote
44CSGSCSG Systems International, Inc.0.36%Add +21.8%158,988$6.38MNo quoteNo quote
45FIXComfort Systems USA Inc.0.36%Reduce -16.0%113,130$6.38M$56.40No quote
46CFRCullen Frost Bankers, Inc.0.36%-60,800$6.35M$104.44No quote
47EMEEMCOR Group, Inc.0.35%-82,107$6.17M$75.12No quote
48SPSP Plus Corp.0.34%-166,523$6.08MNo quoteNo quote
49VCVisteon Corp.0.32%Add +15.5%61,260$5.69M$92.92No quote
50PNCPNC Financial Corp0.32%Add +0.0%41,252$5.62M$136.21No quote
51BMCHBMC Stock Holdings, Inc.0.31%Reduce -7.6%296,399$5.53MNo quoteNo quote
52SEBSeaboard Corp.0.30%Add +0.1%1,417$5.26M$3710.66No quote
53UNFUniFirst Corporation0.29%-30,002$5.21M$173.66No quote
54WSBCWesbanco Inc.0.28%-111,300$4.96MNo quoteNo quote
55GGenpact Ltd.0.28%-162,066$4.96M$30.61No quote
56ALCOAlico, Inc.0.27%-140,451$4.75MNo quoteNo quote
57ALGAlamo Group, Inc.0.24%-46,706$4.28M$91.62No quote
58SAFMSanderson Farms Inc.0.21%Add +131.1%35,607$3.68MNo quoteNo quote
59DORMDorman Products, Inc.0.19%-43,600$3.35M$76.93No quote
60AMNAMN Healthcare Services Inc.0.17%Reduce -36.5%55,755$3.05M$54.70No quote
61CSWCCapital Southwest0.15%Reduce -6.5%140,574$2.67MNo quoteNo quote
62ASIXAdvanSix Inc.0.15%New76,658$2.6M$33.96No quote
63SMPStandard Motor Products, Inc.0.13%-46,947$2.31MNo quoteNo quote
64FRPHFRP Holdings Inc.0.13%-36,211$2.25M$62.11No quote
65CMAWSComerica Inc 2018 Warrants0.11%Reduce -1.2%32,900$2.03MNo quoteNo quote
66CCSCentury Communities Inc.0.06%Reduce -41.9%41,671$1.09M$26.25No quote
67CDRCEDAR REALTY TRUST INC0.06%-225,328$1.05MNo quoteNo quote
68RESIFront Yard Residential Corporation0.06%Add +40.9%91,609$994KNo quoteNo quote
69CTTCatchmark Timber Trust Inc.0.05%-80,000$915KNo quoteNo quote
70NXRTNEXPOINT RESIDNL TR0.03%-17,300$575KNo quoteNo quote
71GRBKGreen Brick Partners0.03%Add +6.4%53,200$538K$10.11No quote
72JCAPJernigan Capital0.03%-25,000$483KNo quoteNo quote
73TTETotal Fina ELF S A ADR0.00%Reduce -24.7%612$40K$65.36No quote
77LMLegg Mason Inc.-Sold0$0No quoteNo quote
76DBDEUTSCHE BANK AG-REGISTERED-Sold0$0No quoteNo quote
75ARCOArcos Dorados Holdings, Inc.-Sold0$0No quoteNo quote
74YAlleghany Corp.-Sold0$0No quoteNo quote