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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 39 of 60 rows. Rows without a quote are marked unavailable.

1WYWeyerhaeuser Company8.00%Reduce -21.9%3,198,359$88.6M$27.70No quote
2BAMBrookfield Asset Mgmt. CL A7.59%Reduce -2.8%1,583,511$84.07M$53.09No quote
3FPHFive Point Holdings LLC - CL A7.46%Reduce -4.9%11,024,313$82.68M$7.50No quote
4LEN/BLennar Corp - Class BCUSIP 5260573025.11%Add +0.7%1,275,135$56.58MNo quoteNo quote
5LENLennar Corp.4.76%Reduce -27.8%943,577$52.7M$55.85No quote
6RYNRayonier Inc.4.70%Reduce -9.1%1,844,644$52.02M$28.20No quote
7JBGSJBG Smith Properties4.63%Add +0.5%1,308,276$51.3MNo quoteNo quote
8TDWTidewater Inc.3.73%Add +5.2%2,737,423$41.36M$15.11No quote
9VNOVornado Realty Trust3.57%Add +56.3%621,696$39.58M$63.67No quote
10PNCPNC Financial Corp3.43%Add +2.0%270,724$37.95M$140.16No quote
11HAHawaiian Holdings Inc.3.35%Reduce 0.0%1,414,859$37.16MNo quoteNo quote
12MACThe Macerich Company3.19%Reduce -21.5%1,117,835$35.31M$31.59No quote
13HCCWarrior Met Coal Inc.3.12%Add +0.3%1,769,890$34.55M$19.52No quote
14UHALAmerco2.65%Add +0.8%75,379$29.4M$390.04No quote
15FRFirst Industrial Realty Trust, Inc.2.42%Reduce -5.5%676,266$26.75M$39.56No quote
16AKRAcadia Realty Trust2.41%Reduce -18.5%934,173$26.7MNo quoteNo quote
17CMAComerica Inc.2.26%Reduce -15.1%378,962$25.01MNo quoteNo quote
18LOWLowe's Companies Inc.2.16%Reduce -6.5%217,258$23.89M$109.96No quote
19TPHSTrinity Place Holdings2.06%Add +0.5%5,707,236$22.83MNo quoteNo quote
20MHKMohawk Industries Inc.1.64%Add +18.6%146,222$18.14M$124.07No quote
21EXPEagle Materials Inc.1.43%-175,889$15.83M$90.01No quote
22FNFFNF Group1.36%Reduce -27.1%339,016$15.06M$44.41No quote
23SRGSeritage Growth Properties1.24%Add +1.9%323,676$13.75MNo quoteNo quote
24MYRGMYR Group Inc.1.08%Add +19.3%383,459$12M$31.29No quote
25TRCTejon Ranch Co.1.05%Reduce -30.4%686,108$11.64MNo quoteNo quote
26CUBICustomers Bancorp Inc1.05%Add +3.0%561,121$11.64M$20.74No quote
27CLNYColony Capital Inc.0.95%New1,754,908$10.57MNo quoteNo quote
28ICFIICF International, Inc.0.86%-112,787$9.53M$84.48No quote
29VCVisteon Corp.0.84%Reduce -40.6%112,063$9.25M$82.54No quote
30FCNFTI Consulting Inc.0.83%Reduce -16.3%86,869$9.21M$106.00No quote
31TPHTri Pointe Group Inc.0.82%-606,666$9.13M$15.04No quote
32ATNIATN Interntaional Inc.0.72%-136,210$7.95MNo quoteNo quote
33UMBFUMB Financial Corporation0.71%Reduce -19.3%121,780$7.87M$64.58No quote
34SEBSeaboard Corp.0.67%-1,708$7.47M$4375.29No quote
35EMEEMCOR Group, Inc.0.64%-82,107$7.07M$86.13No quote
36SBSISouthside Bancshares Inc.0.61%-198,385$6.77M$34.11No quote
37CARECarter Bank & Trust0.58%-337,575$6.38MNo quoteNo quote
38FRPHFRP Holdings Inc.0.57%-131,757$6.33M$48.02No quote
39FIXComfort Systems USA Inc.0.54%Add +19.0%134,629$5.96M$44.23No quote
40ALGAlamo Group, Inc.0.50%-46,706$5.5M$117.74No quote
41AGXArgan Inc.0.47%-133,142$5.23M$39.30No quote
42VVIViad Corp.0.46%Reduce -8.6%76,557$5.14MNo quoteNo quote
43ALCOAlico, Inc.0.43%-140,451$4.78MNo quoteNo quote
44UNFUniFirst Corporation0.43%Reduce -18.8%24,354$4.75M$195.12No quote
45GGenpact Ltd.0.42%-120,872$4.68M$38.75No quote
46SMHISeacor Marine Holdings Inc.0.41%-358,074$4.5M$12.57No quote
47PBProsperity Bancshares Inc.0.39%Reduce -44.9%61,148$4.32M$70.63No quote
48KALUKaiser Aluminum Corp.0.36%-40,819$4.04M$98.97No quote
49CFRCullen Frost Bankers, Inc.0.34%-42,331$3.75M$88.56No quote
50DORMDorman Products, Inc.0.31%-43,600$3.47M$79.54No quote
51CTBCooper Tire & Rubber Company0.23%New97,126$2.54MNo quoteNo quote
52CCSCentury Communities Inc.0.11%-40,000$1.23M$30.65No quote
53RESIFront Yard Residential Corporation0.09%-90,000$1.04MNo quoteNo quote
54CTTCatchmark Timber Trust Inc.0.08%-80,000$854KNo quoteNo quote
55WLHWilliam Lyon Homes - Cl A0.07%-40,000$815KNo quoteNo quote
56GRBKGreen Brick Partners0.06%-60,000$642K$10.70No quote
57JCAPJernigan Capital0.03%-20,000$385KNo quoteNo quote
60RIGTransocean Ltd.-Sold0$0No quoteNo quote
59SAFMSanderson Farms Inc.-Sold0$0No quoteNo quote
58ASIXAdvanSix Inc.-Sold0$0No quoteNo quote