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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 59 rows. Rows without a quote are marked unavailable.

1FPHFive Point Holdings LLC - CL A8.05%Add +6.3%11,713,323$81.41M$6.95No quote
2WYWeyerhaeuser Company7.90%Reduce -17.3%2,644,843$79.88M$30.20No quote
3BAMBrookfield Asset Mgmt. CL A6.15%Reduce -32.1%1,075,748$62.18M$57.80No quote
4TDWTidewater Inc.5.25%Add +0.6%2,754,611$53.11M$19.28No quote
5LEN/BLennar Corp - Class BCUSIP 5260573025.00%Reduce -11.3%1,130,388$50.53MNo quoteNo quote
6LENLennar Corp.4.89%Reduce -6.6%881,440$49.46M$56.12No quote
7JBGSJBG Smith Properties4.82%Reduce -6.6%1,222,026$48.75MNo quoteNo quote
8RYNRayonier Inc.4.16%Reduce -30.5%1,282,284$42.01M$32.76No quote
9VNOVornado Realty Trust3.82%Reduce -6.6%580,664$38.62M$66.50No quote
10HCCWarrior Met Coal Inc.3.74%Add +1.1%1,789,403$37.81M$21.13No quote
11MACThe Macerich Company3.67%Add +23.2%1,376,950$37.07M$26.92No quote
12HAHawaiian Holdings Inc.3.18%Reduce -22.5%1,096,849$32.13MNo quoteNo quote
13UHALAmerco2.98%Add +6.5%80,245$30.16M$375.82No quote
14CMAComerica Inc.2.35%Reduce -12.5%331,514$23.79MNo quoteNo quote
15FRFirst Industrial Realty Trust, Inc.2.31%Reduce -16.8%562,599$23.35M$41.51No quote
16AKRAcadia Realty Trust2.24%Reduce -6.6%872,557$22.63MNo quoteNo quote
17PNCPNC Financial Corp2.15%Reduce -49.7%136,135$21.73M$159.64No quote
18MHKMohawk Industries Inc.1.98%Add +0.4%146,864$20.03M$136.38No quote
19TPHSTrinity Place Holdings1.74%Add +2.4%5,842,911$17.59MNo quoteNo quote
20EXPEagle Materials Inc.1.59%Add +0.8%177,351$16.08M$90.66No quote
21HHCHoward Hughes Corporation1.41%New112,780$14.3MNo quoteNo quote
22SRGSeritage Growth Properties1.33%Add +3.5%334,849$13.42MNo quoteNo quote
23CUBICustomers Bancorp Inc1.32%-561,121$13.36M$23.81No quote
24MYRGMYR Group Inc.1.24%Add +0.0%383,607$12.5M$32.59No quote
25FNFFNF Group1.17%Reduce -23.1%260,847$11.83M$45.35No quote
26UMBFUMB Financial Corporation0.90%Add +8.5%132,155$9.07M$68.65No quote
27ICFIICF International, Inc.0.85%Reduce -16.9%93,665$8.58M$91.62No quote
28CLNYColony Capital Inc.0.85%Add +2.8%1,803,433$8.57MNo quoteNo quote
29FCNFTI Consulting Inc.0.81%Reduce -14.7%74,064$8.2M$110.66No quote
30TPHTri Pointe Group Inc.0.77%Reduce -17.2%502,578$7.83M$15.58No quote
31ATNIATN International Inc.0.75%Add +0.1%136,395$7.56MNo quoteNo quote
32SEBSeaboard Corp.0.72%-1,708$7.26M$4250.59No quote
33SBSISouthside Bancshares Inc.0.68%Reduce -7.3%183,896$6.83M$37.14No quote
34FIXComfort Systems USA Inc.0.66%-134,629$6.71M$49.86No quote
35AGXArgan Inc.0.66%Add +25.3%166,754$6.69M$40.14No quote
36FRPHFRP Holdings Inc.0.65%-131,757$6.56M$49.81No quote
37CARECarter Bank & Trust0.63%Reduce -20.3%268,982$6.38MNo quoteNo quote
38VCVisteon Corp.0.62%Reduce -35.9%71,849$6.22M$86.60No quote
39EMEEMCOR Group, Inc.0.60%Reduce -14.7%70,044$6.05M$86.30No quote
40ALGAlamo Group, Inc.0.58%-46,706$5.86M$125.55No quote
41GGenpact Ltd.0.50%-120,872$5.1M$42.18No quote
42ALCOAlico, Inc.0.50%-140,451$5.03MNo quoteNo quote
43VVIViad Corp.0.49%Reduce -4.3%73,261$4.95MNo quoteNo quote
44SMHISeacor Marine Holdings Inc.0.49%-358,074$4.94M$13.79No quote
45PBProsperity Bancshares Inc.0.43%-61,148$4.4M$71.89No quote
46CTBCooper Tire & Rubber Company0.42%Add +52.3%147,893$4.25MNo quoteNo quote
47CFRCullen Frost Bankers, Inc.0.41%-42,331$4.14M$97.80No quote
48KALUKaiser Aluminum Corp.0.38%Reduce -14.8%34,769$3.86M$110.90No quote
49UNFUniFirst Corporation0.38%Reduce -22.2%18,954$3.83M$202.02No quote
50DORMDorman Products, Inc.0.33%-43,600$3.3M$75.73No quote
51CCSCentury Communities Inc.0.11%-40,000$1.09M$27.35No quote
52SPYSPDR TR UNIT SER 10.11%New3,365$1.08M$322.14No quote
53WLHWilliam Lyon Homes - Cl A0.08%-40,000$800KNo quoteNo quote
54GRBKGreen Brick Partners0.07%-60,000$689K$11.48No quote
55CTTCatchmark Timber Trust Inc.0.05%Reduce -42.5%45,961$528KNo quoteNo quote
56JCAPJernigan Capital0.04%-20,000$383KNo quoteNo quote
57RESIFront Yard Residential Corporation0.03%Reduce -71.4%25,728$318KNo quoteNo quote
59TRCTejon Ranch Co.-Sold0$0No quoteNo quote
58LOWLowe's Companies Inc.-Sold0$0No quoteNo quote