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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 44 of 65 rows. Rows without a quote are marked unavailable.

1FPHFive Point Holdings LLC - CL A8.96%Add +1.8%8,965,823$67.78M$7.5652w: $4.00 - $8.56; reported $7.56
2LEN/BLennar Corp - Class BCUSIP 5260573025.25%Add +0.2%481,800$39.67MNo quoteNo quote
3BAMBrookfield Asset Mgmt. CL A5.14%Reduce -13.3%872,661$38.83M$44.50No quote
4TDWTidewater Inc.4.22%Add +1.2%2,544,775$31.89M$12.5352w: $4.09 - $15.92; reported $12.53
5WYWeyerhaeuser Company4.02%Reduce -36.2%853,583$30.39M$35.6052w: $15.11 - $36.22; reported $35.60
6PLDPrologis Inc.3.82%Reduce -13.3%272,646$28.9M$106.0052w: $69.00 - $112.37; reported $106.00
8RYNRayonier Inc.3.62%Reduce -13.3%848,516$27.37M$32.2552w: $20.23 - $35.75; reported $32.25
7HAHawaiian Holdings Inc.3.62%Add +0.9%1,026,032$27.37MNo quoteNo quote
9UHALAmerco3.56%Reduce -18.9%43,922$26.91M$612.6152w: $24.95 - $65.79; reported $612.61
10CMAComerica Inc.3.54%Add +0.5%373,158$26.77MNo quoteNo quote
11LOWLowe's Companies Inc.3.29%Reduce -13.3%130,621$24.84M$190.1852w: $79.08 - $192.91; reported $190.18
12JBGSJBG Smith Properties3.25%Reduce -13.3%773,937$24.6MNo quoteNo quote
13ORIOld Republic International Corp.3.22%Add +0.5%1,115,258$24.36M$21.8452w: $13.08 - $22.71; reported $21.84
14HCCWarrior Met Coal Inc.3.14%Add +13.9%1,385,558$23.74M$17.1352w: $9.46 - $25.90; reported $17.13
15MHKMohawk Industries Inc.2.45%Reduce -27.3%96,311$18.52M$192.3152w: $60.05 - $197.36; reported $192.31
16EXPEagle Materials Inc.2.29%Reduce -30.8%128,792$17.31M$134.4152w: $48.50 - $139.59; reported $134.41
17AMHAmerican Homes 4 Rent2.14%Reduce -6.2%485,718$16.19M$33.3452w: $19.93 - $33.96; reported $33.34
18LAZLazard Ltd.2.12%Add +0.7%368,858$16.05M$43.5152w: $21.51 - $46.95; reported $43.51
19CTBCooper Tire & Rubber Company1.87%-252,680$14.15MNo quoteNo quote
20UMBFUMB Financial Corporation1.78%-146,136$13.49M$92.3352w: $40.02 - $99.82; reported $92.33
21CBRECBRE Group, Inc.1.75%Reduce -12.0%167,601$13.26M$79.1152w: $33.03 - $82.05; reported $79.11
22TPHSTrinity Place Holdings1.68%Add +0.1%6,080,226$12.71MNo quoteNo quote
23LENLennar Corp.1.59%Reduce -22.3%123,408$12.05M$97.6752w: $31.37 - $101.19; reported $97.67
24FNFFNF Group1.40%Reduce -13.2%261,182$10.62M$40.6652w: $21.44 - $39.54; reported $40.66
25FRFirst Industrial Realty Trust, Inc.1.27%Reduce -13.3%209,555$9.6M$45.7952w: $28.90 - $47.47; reported $45.79
26WASHWashington Trust Bancorp.1.25%-182,745$9.44MNo quoteNo quote
27VNOVornado Realty Trust1.24%Reduce -13.1%206,546$9.38M$45.3952w: $29.79 - $49.50; reported $45.39
28ESSEssex Property Trust, Inc.1.16%Reduce -13.1%32,256$8.77M$271.8652w: $186.30 - $294.79; reported $271.86
29SEBSeaboard Corp.1.14%Add +16.8%2,336$8.62M$3690.0752w: $2624.06 - $3945.00; reported $3690.07
30SRGSeritage Growth Properties1.09%Reduce -13.3%447,833$8.22MNo quoteNo quote
31PBProsperity Bancshares Inc.1.07%-107,928$8.08M$74.8952w: $43.68 - $83.02; reported $74.89
32PRAProassurance Corp.1.05%-297,038$7.95M$26.7652w: $12.67 - $29.15; reported $26.76
33FRPHFRP Holdings Inc.0.98%Add +16.1%150,583$7.41M$49.2252w: $18.84 - $26.49; reported $49.22
34ICFIICF International, Inc.0.97%-83,673$7.31M$87.4152w: $51.48 - $93.50; reported $87.41
35MYRGMYR Group Inc.0.96%Reduce -20.0%101,309$7.26M$71.6752w: $20.72 - $75.25; reported $71.67
36SBSISouthside Bancshares Inc.0.85%Reduce -7.8%166,620$6.42M$38.5152w: $23.51 - $41.99; reported $38.51
37KALUKaiser Aluminum Corp.0.76%-52,160$5.76M$110.5152w: $50.49 - $129.81; reported $110.51
38EMEEMCOR Group, Inc.0.68%-45,788$5.14M$112.17No quote
39ALGAlamo Group, Inc.0.66%Reduce -31.7%31,880$4.98M$156.1852w: $76.01 - $164.96; reported $156.18
40BATRALiberty Media Corp. - Braves A0.66%-174,128$4.97M$28.5152w: $15.67 - $34.99; reported $28.51
41TPHTri Pointe Group Inc.0.63%-232,961$4.74M$20.3652w: $7.31 - $22.17; reported $20.36
42ATNIATN International Inc.0.61%Add +55.8%93,903$4.61MNo quoteNo quote
43CALMCal-Maine Foods, Inc.0.59%Reduce -27.2%116,094$4.46M$38.4352w: $35.97 - $46.66; reported $38.43
44CETCentral Securities Corporation0.56%-111,210$4.22M$37.9152w: $24.40 - $37.92; reported $37.91
45HBBHamilton Beach Brand0.54%Add +22.1%227,223$4.12MNo quoteNo quote
46BSIGBrightsphere Investment Group0.52%New193,259$3.94MNo quoteNo quote
47FIXComfort Systems USA Inc.0.52%-52,390$3.92M$74.7952w: $27.54 - $76.40; reported $74.79
48VCVisteon Corp.0.51%-31,848$3.88M$121.9552w: $38.69 - $147.55; reported $121.95
49UNFUniFirst Corporation0.44%-14,942$3.34M$223.7352w: $132.60 - $258.86; reported $223.73
50DORMDorman Products, Inc.0.35%-26,078$2.68M$102.6552w: $44.49 - $113.13; reported $102.65
51MACThe Macerich Company0.25%Reduce -58.1%164,679$1.93M$11.7052w: $4.81 - $25.99; reported $11.70
52ROICRetail Opportunity Investments Corp.0.16%-75,000$1.19MNo quoteNo quote
53PCHPotlatchdeltic Corp.0.14%-20,000$1.06MNo quoteNo quote
54CTOCTO Realty Growth, Inc.0.13%-19,293$1M$52.0452w: $9.07 - $18.97; reported $52.04
55GRBKGreen Brick Partners0.12%-40,000$908K$22.7052w: $6.13 - $25.05; reported $22.70
56STCStewart Information Services Corp.0.12%-17,000$885K$52.0652w: $22.86 - $55.93; reported $52.06
57NXRTNexPoint Residential Trust, Inc.0.08%-13,000$600KNo quoteNo quote
58RMRThe RMR Group Inc.0.08%-14,000$572KNo quoteNo quote
59MNRMonmouth Real Estate Investment Corp.0.07%-30,000$531KNo quoteNo quote
60CIOCity Office REIT, Inc.0.06%-46,000$489KNo quoteNo quote
61FCNFTI Consulting Inc.0.00%-101$15K$148.5152w: $94.87 - $144.10; reported $148.51
65SPYSPDR TR UNIT SER 1-Sold0$0No quoteNo quote
64KFYKorn/Ferry International-Sold0$0No quoteNo quote
63CFRCullen Frost Bankers, Inc.-Sold0$0No quoteNo quote
62ALCOAlico, Inc.-Sold0$0No quoteNo quote