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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 41 of 59 rows. Rows without a quote are marked unavailable.

1WYWeyerhaeuser Company9.06%Reduce -4.6%4,097,807$107.94M$26.34No quote
2FPHFive Point Holdings LLC - CL A7.32%Add +0.3%11,591,086$87.17M$7.52No quote
3BAMBrookfield Asset Mgmt. CL A6.53%Reduce -4.5%1,628,504$77.81M$47.78No quote
4LENLennar Corp.5.31%Reduce -32.9%1,305,992$63.29M$48.46No quote
5RYNRayonier Inc.5.16%Reduce -3.4%2,028,817$61.47M$30.30No quote
6TDWTidewater Inc.5.13%Add +6.5%2,601,313$61.08M$23.48No quote
7JBGSJBG Smith Properties4.30%Reduce -1.0%1,301,641$51.21MNo quoteNo quote
8LEN/BLennar Corp - Class BCUSIP 5260573024.09%Add +1.4%1,266,322$48.77MNo quoteNo quote
9MACThe Macerich Company4.00%Add +1.4%1,423,524$47.67M$33.49No quote
10HCCWarrior Met Coal Inc.3.87%Reduce -10.3%1,763,663$46.07M$26.12No quote
11HAHAWAIIAN HOLDINGS INC3.26%Add +3.4%1,414,861$38.81MNo quoteNo quote
12PNCPNC Financial Corp3.06%Add +0.3%265,439$36.44M$137.28No quote
13CMAComerica Inc.2.72%Reduce -1.1%446,155$32.41MNo quoteNo quote
14AKRAcadia Realty Trust2.63%Reduce -7.4%1,146,124$31.37MNo quoteNo quote
15UHALAmerco2.38%Reduce -3.9%74,795$28.31M$378.55No quote
16FRFirst Industrial Realty Trust, Inc.2.21%Reduce -21.2%716,038$26.31M$36.74No quote
17VNOVornado Realty Trust2.14%Reduce -3.9%397,834$25.5M$64.10No quote
18LOWLowe's Companies Inc.1.97%Reduce -15.8%232,402$23.45M$100.91No quote
19TPHSTrinity Place Holdings1.88%Add +12.9%5,679,728$22.44MNo quoteNo quote
20FNFFNF Group1.57%Reduce -3.8%464,900$18.74M$40.30No quote
21MHKMohawk Industries Inc.1.53%Add +38.8%123,257$18.18M$147.47No quote
22TRCTejon Ranch Co.1.37%-985,076$16.34MNo quoteNo quote
23EXPEAGLE MATERIALS INC1.37%-175,889$16.31M$92.70No quote
24SRGSeritage Growth Properties1.15%Add +12.3%317,524$13.64MNo quoteNo quote
25MYRGMYR Group Inc.1.01%-321,485$12.01M$37.35No quote
26CUBICustomers Bancorp Inc0.96%Add +5.0%545,029$11.45M$21.00No quote
27VCVisteon Corp.0.93%Add +38.6%188,730$11.06M$58.58No quote
28UMBFUMB Financial Corporation0.83%-150,823$9.93M$65.83No quote
29RIGTransocean Ltd.0.82%-1,521,285$9.75M$6.41No quote
30FCNFTI Consulting Inc.0.73%Reduce -6.0%103,739$8.7M$83.84No quote
31ICFIICF International, Inc.0.69%-112,787$8.21M$72.80No quote
32ATNIATN INTERNATIONAL INC0.66%-136,210$7.86MNo quoteNo quote
33FRPHFRP Holdings Inc.0.62%-131,757$7.35M$55.78No quote
34PBProsperity Bancshares Inc.0.61%-110,885$7.32M$66.05No quote
35TPHTri Pointe Group Inc.0.61%-606,666$7.26M$11.97No quote
36EMEEMCOR Group, Inc.0.61%-82,107$7.23M$88.10No quote
37SEBSeaboard Corp.0.59%-1,708$7.07M$4137.00No quote
38CARECarter Bank & Trust0.56%-337,575$6.67MNo quoteNo quote
39SBSISouthside Bancshares Inc.0.54%-198,385$6.42M$32.38No quote
40FIXComfort Systems USA Inc.0.48%-113,130$5.77M$50.99No quote
41UNFUniFirst Corporation0.48%-30,002$5.66M$188.59No quote
42VVIViad Corp.0.47%Reduce -22.6%83,778$5.55MNo quoteNo quote
43AGXArgan Inc.0.45%Add +49.6%133,142$5.4M$40.57No quote
44SMHISeacor Marine Holdings Inc.0.45%-358,074$5.36M$14.96No quote
45ALGAlamo Group, Inc.0.39%-46,706$4.67M$99.94No quote
46GGenpact Ltd.0.39%-120,872$4.61M$38.10No quote
47ALCOAlico, Inc.0.36%-140,451$4.26MNo quoteNo quote
48KALUKaiser Aluminum Corp.0.33%-40,819$3.99M$97.63No quote
49CFRCullen Frost Bankers, Inc.0.33%-42,331$3.97M$93.67No quote
50DORMDorman Products, Inc.0.32%-43,600$3.8M$87.16No quote
51SAFMSanderson Farms Inc.0.30%Reduce -47.7%25,755$3.52MNo quoteNo quote
52RESIFront Yard Residential Corporation0.09%-90,000$1.1MNo quoteNo quote
53CCSCentury Communities Inc.0.09%-40,000$1.06M$26.60No quote
54CTTCatchmark Timber Trust Inc.0.07%-80,000$836KNo quoteNo quote
55ASIXAdvanSix Inc.0.06%Reduce -83.0%30,709$751K$24.46No quote
56WLHWilliam Lyon Homes - Cl A0.06%-40,000$730KNo quoteNo quote
57GRBKGreen Brick Partners0.04%-60,000$499K$8.32No quote
58JCAPJernigan Capital0.03%-20,000$410KNo quoteNo quote
59CUBCubic, Corp.-Sold0$0No quoteNo quote