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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 52 of 134 rows. Rows without a quote are marked unavailable.

1WYWeyerhaeuser Company8.87%Reduce -22.5%9,145,053$274.17M$29.98No quote
2FCEAForest City Enterprises Inc. CL A4.96%Reduce -13.7%6,993,902$153.38MNo quoteNo quote
3MACThe Macerich Company4.72%Reduce -7.6%1,805,831$145.71M$80.69No quote
4FRFirst Industrial Realty Trust, Inc.4.60%Reduce -14.7%6,423,328$142.15M$22.13No quote
5BAMBrookfield Asset Mgmt. CL A4.41%Reduce -5.8%4,323,640$136.32M$31.53No quote
6VNOVornado Realty Trust4.00%Reduce -6.1%1,236,125$123.56M$99.96No quote
7BKBank of New York Mellon Corp.3.88%Reduce -7.8%2,908,723$119.9M$41.22No quote
8RYNRayonier Inc.3.71%Reduce -6.7%5,160,270$114.56M$22.20No quote
9CMAComerica Inc.3.35%Reduce -4.5%2,475,873$103.57MNo quoteNo quote
10EQCEquity Commonwealth3.09%Reduce -7.3%3,438,280$95.34MNo quoteNo quote
11LOWLowe's Companies Inc.2.93%Reduce -7.8%1,189,851$90.48M$76.04No quote
12CVCOCavco Industries, Inc.2.58%Reduce -31.0%957,501$79.77M$83.31No quote
13ZIONZions Bancorporation2.41%Reduce -7.2%2,723,858$74.36M$27.30No quote
14PPSPost Properties Inc.2.35%Reduce -8.5%1,226,651$72.57MNo quoteNo quote
15PNCWSPNC Financial Services Group 2018 Warrants2.30%Reduce -0.4%2,477,554$71.13MNo quoteNo quote
16CBSCBS Corporation2.29%Reduce -3.9%1,498,442$70.62MNo quoteNo quote
17SKTTanger Factory Outlet Centers, Inc2.22%Reduce -8.5%2,092,721$68.43M$32.70No quote
18PNCPNC Financial Corp2.17%Reduce -2.5%704,154$67.11M$95.31No quote
19WTMWhite Mountains Insurance Group2.10%Reduce -18.8%89,287$64.9M$726.81No quote
20AGCOAGCO Corp2.08%Reduce -23.0%1,413,988$64.18M$45.39No quote
21APAApache Corp1.93%Reduce -2.3%1,339,834$59.58M$44.47No quote
22BKDBrookdale Senior Living Inc.1.86%Reduce -47.0%3,111,031$57.43M$18.46No quote
23CVACovanta Holding Corporation1.82%Reduce -15.6%3,623,912$56.14MNo quoteNo quote
24AXEAnixter International Inc.1.64%Reduce -1.9%838,664$50.65MNo quoteNo quote
25GMGeneral Motors Co.1.61%Reduce -22.0%1,458,043$49.59M$34.01No quote
26SYMCSymantec Corp1.51%Reduce -23.4%2,219,838$46.62MNo quoteNo quote
27TRCTejon Ranch Co.1.40%Reduce -1.3%2,263,670$43.35MNo quoteNo quote
28MASMasco Corp.1.40%Reduce -17.0%1,528,258$43.25M$28.30No quote
29YAlleghany Corp.1.39%Reduce -14.1%90,024$43.03MNo quoteNo quote
30DVNDevon Energy Corp.1.14%Reduce -2.0%1,096,747$35.1M$32.00No quote
31LLoews Corporation0.87%Reduce -42.1%701,723$26.95M$38.40No quote
32WFCWSWells Fargo & Co. 2018 Warrants0.78%Reduce -0.7%1,169,303$23.96MNo quoteNo quote
33PKXPosco ADR0.75%Reduce -56.9%651,865$23.05MNo quoteNo quote
34BXLTBaxalta Inc.0.66%New522,437$20.39MNo quoteNo quote
35KEYKeycorp0.64%Reduce -40.0%1,502,820$19.82M$13.19No quote
36VCVisteon Corp.0.46%Add +2.1%123,533$14.15M$114.50No quote
37KWKennedy-Wilson Holdings Inc.0.42%Reduce -27.4%542,800$13.07M$24.08No quote
38WCICWCI Communities Inc.0.35%Reduce -5.0%480,015$10.7MNo quoteNo quote
39KEXKirby Corporation0.31%New184,154$9.69M$52.62No quote
40FCNFTI Consulting Inc.0.26%Add +11.9%235,869$8.18M$34.66No quote
41GGenpact Ltd.0.26%Reduce -24.6%321,342$8.03M$24.98No quote
42CBSHCommerce Bancshares, Inc0.26%Reduce -5.4%188,533$8.02MNo quoteNo quote
43CSGSCSG Systems International, Inc.0.25%Reduce -29.3%213,678$7.69MNo quoteNo quote
44BBarnes Group Inc.0.25%Reduce -14.8%213,965$7.57M$35.39No quote
45KALUKaiser Aluminum Corp.0.24%Reduce -16.1%90,260$7.55M$83.66No quote
46NSITInsight Enterprises, Inc.0.24%Add +5.1%298,115$7.49M$25.12No quote
47UMBFUMB Financial Corporation0.24%-159,873$7.44M$46.55No quote
48DORMDorman Products, Inc.0.24%Reduce -0.8%154,880$7.35M$47.47No quote
49WOOFVCA Antech Inc.0.24%Reduce -13.9%132,590$7.29MNo quoteNo quote
50SYNTSyntel, Inc.0.23%Reduce -14.9%160,322$7.26MNo quoteNo quote
51ALGAlamo Group, Inc.0.23%Reduce -14.9%138,202$7.2M$52.10No quote
52DSWDSW Inc.0.23%Add +32.5%300,765$7.18MNo quoteNo quote
53VLYValley National Bancorp0.23%Add +7.9%726,392$7.16M$9.85No quote
54SMPStandard Motor Products, Inc.0.23%Reduce -16.9%187,940$7.15MNo quoteNo quote
55WKCWorld Fuel Services Corp0.23%Reduce -0.0%185,651$7.14MNo quoteNo quote
56TTEKTetra Tech, Inc.0.23%Reduce -22.1%270,075$7.03M$26.02No quote
57EMEEMCOR Group, Inc.0.22%Reduce -14.7%142,448$6.84M$48.04No quote
58ICFIICF International, Inc.0.22%Reduce -2.0%190,965$6.79M$35.56No quote
59CUBCubic, Corp.0.22%Reduce -10.3%141,456$6.68MNo quoteNo quote
60CSTCST Brands, Inc0.21%Reduce -8.6%162,381$6.36MNo quoteNo quote
61IMIngram Micro Inc.0.21%Reduce -14.0%208,602$6.34MNo quoteNo quote
62VVIViad Corp.0.20%Reduce -24.0%217,637$6.14MNo quoteNo quote
63TFXTelefex Inc.0.20%Reduce -18.0%45,957$6.04M$131.45No quote
64CFRCullen Frost Bankers, Inc.0.19%Reduce -9.3%99,434$5.97M$60.00No quote
65PBProsperity Bancshares Inc.0.19%Reduce -16.7%123,681$5.92M$47.86No quote
66BRBroadridge Financial Solutions Inc.0.19%Reduce -2.3%108,725$5.84M$53.73No quote
67LABLMulti-Color Corporation0.18%Add +8.3%94,842$5.67MNo quoteNo quote
68PRGSProgress Software Corporation0.18%Reduce -11.8%227,592$5.46MNo quoteNo quote
69ARCOArcos Dorados Holdings, Inc.0.18%Reduce -0.1%1,741,451$5.42M$3.11No quote
70DSTDST Systems0.16%Reduce -0.0%44,525$5.08MNo quoteNo quote
71ALCOAlico, Inc.0.16%Reduce -9.8%129,521$5.01MNo quoteNo quote
72PDCOPatterson Companies Inc0.16%Reduce -24.7%109,335$4.94MNo quoteNo quote
73SBSISouthside Bancshares Inc.0.15%Add +1.8%197,624$4.75M$24.02No quote
74FLWS1-800-Flowers.com Inc.0.15%Reduce -1.8%641,691$4.67MNo quoteNo quote
75MTNVail Resorts Inc.0.15%Reduce -34.6%35,762$4.58M$127.98No quote
76MDRXAllscripts Healthcare Solutions, Inc.0.15%Reduce -0.1%297,524$4.58MNo quoteNo quote
77CZZCosan Ltd.0.14%Add +11.8%1,131,119$4.17MNo quoteNo quote
78CNHICNH Industrial NV0.13%Reduce -2.6%600,777$4.11MNo quoteNo quote
79SEMGSemGroup Corporation - CL A0.13%Add +36.7%142,302$4.11MNo quoteNo quote
80LMLegg Mason Inc.0.13%Reduce -36.9%104,455$4.1MNo quoteNo quote
81LUKLeucadia National Corporation0.13%Reduce -83.1%230,155$4MNo quoteNo quote
82UNFUniFirst Corporation0.12%Reduce -28.6%36,021$3.75M$104.19No quote
83ROIAKRadio One Inc Cl D0.12%Reduce -7.9%2,127,789$3.66MNo quoteNo quote
84CIRCircor International Inc.0.11%Reduce -28.2%83,514$3.52MNo quoteNo quote
85BMCHBMC STOCK HOLDINGS0.11%New209,240$3.51MNo quoteNo quote
86FLOWSPX Flow Inc.0.10%Reduce -16.4%112,915$3.15MNo quoteNo quote
87ABMABM Industries Inc0.10%Reduce -39.9%103,176$2.94M$28.47No quote
88ENSEnerSys0.08%Reduce -27.6%46,616$2.61M$55.92No quote
89UCPUCP Inc. - Class A0.08%-340,000$2.45MNo quoteNo quote
90MYRGMYR Group Inc.0.08%New116,260$2.4M$20.61No quote
91CCSCentury Communities Inc.0.08%-132,474$2.35M$17.71No quote
92WFCWells Fargo & Co. NEW0.07%Reduce -5.7%41,637$2.26M$54.35No quote
93ANIPAni Pharmaceuticals Inc.0.07%Reduce -16.2%50,053$2.26M$45.13No quote
94SBSAASpanish Broadcasting System, Inc0.07%Reduce -1.8%669,212$2.17MNo quoteNo quote
95CSWCCapital Southwest0.07%-150,348$2.09MNo quoteNo quote
96GLTGlatfelter P. H. Co.0.07%Reduce -31.6%111,171$2.05MNo quoteNo quote
97CTTCatchmark Timber Trust Inc.0.06%-158,900$1.8MNo quoteNo quote
98HEROHERCULES OFFSHORE0.06%New812,533$1.76MNo quoteNo quote
99FPOFirst Potomac Realty Trust0.05%-145,000$1.65MNo quoteNo quote
100CMAWSComerica Inc 2018 Warrants0.05%-100,000$1.4MNo quoteNo quote
101VMIValmont Industries0.03%Reduce -43.1%8,489$900KNo quoteNo quote
102WMIHWMI Holdings Corp,0.02%Reduce -6.3%277,706$719KNo quoteNo quote
103SPYSPDR TR UNIT SER 10.01%Reduce -85.7%1,487$303K$203.77No quote
104IUSVISHARES RUSSELL 1000 GROWTH ETF0.01%Reduce -85.7%2,356$300KNo quoteNo quote
105TTETotal Fina ELF S A ADR0.00%-3,056$137K$44.83No quote
106NORNoranda Aluminum Holding0.00%-333,434$107KNo quoteNo quote
107VODVodafone Group Plc - ADR0.00%Add +35.8%3,159$102KNo quoteNo quote
108TRCWSTejon Ranch Co. WTS EXP 08/31/20160.00%Reduce -0.7%354,918$3KNo quoteNo quote
134MHYWestern Asset Managed High Income Fund-Sold0$0No quoteNo quote
133HYIWestern Asset High Yield Defined Opportunity Fund-Sold0$0No quoteNo quote
132TRNOTerreno Realty Corp.-Sold0$0No quoteNo quote
131SPXCSPX Corporation-Sold0$0No quoteNo quote
130RSTIRofin-Sinar Technologies Inc.-Sold0$0No quoteNo quote
129HOUSRealogy Holdings Corp.-Sold0$0No quoteNo quote
128PSBPS Business Parks, Inc.-Sold0$0No quoteNo quote
127PLDPrologis Inc.-Sold0$0No quoteNo quote
126POWLPowell Industries, Inc.-Sold0$0No quoteNo quote
125NVDANVIDIA Corp-Sold0$0No quoteNo quote
124NBLNoble Energy Inc.-Sold0$0No quoteNo quote
123HYBNew America High Income Fund, Inc-Sold0$0No quoteNo quote
122NHSNeuberger Berman High Yield Strategies Fund-Sold0$0No quoteNo quote
121LXULSB Industries Inc.-Sold0$0No quoteNo quote
120KIMKimco Realty Corp-Sold0$0No quoteNo quote
119HHyatt Hotels Corp.-Sold0$0No quoteNo quote
118HCCHCC Insurance Holdings-Sold0$0No quoteNo quote
117FCEBForest City Enterprises Inc. CL B-Sold0$0No quoteNo quote
116FSDFirst Trust High Income Long/Short Fund-Sold0$0No quoteNo quote
115CYNCity National Corp.-Sold0$0No quoteNo quote
114CDRCEDAR REALTY TRUST INC-Sold0$0No quoteNo quote
113BTZBlackRock Credit Allocation Income Trust-Sold0$0No quoteNo quote
112HYTBlackRock Corporate High Yield Fund VI-Sold0$0No quoteNo quote
111ARDCAres Dynamic Credit Allocation Fund, Inc.-Sold0$0No quoteNo quote
110AMDAdvanced Micro Devices-Sold0$0No quoteNo quote
109AKRAcadia Realty Trust-Sold0$0No quoteNo quote