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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 56 of 117 rows. Rows without a quote are marked unavailable.

1WYWeyerhaeuser Company8.85%Reduce -8.6%6,044,348$193.06M$31.94No quote
2BAMBrookfield Asset Mgmt. CL A7.09%Reduce -4.2%4,399,779$154.78M$35.18No quote
3FCEAForest City Enterprises Inc. CL A5.36%Reduce -6.8%5,053,408$116.89MNo quoteNo quote
4RYNRayonier Inc.4.37%Reduce -7.4%3,596,370$95.45M$26.54No quote
5BKBank of New York Mellon Corp.3.72%Reduce -0.9%2,034,401$81.13M$39.88No quote
6CMAComerica Inc.3.35%Reduce -20.9%1,544,793$73.1MNo quoteNo quote
7FRFirst Industrial Realty Trust, Inc.2.91%Reduce -27.1%2,251,543$63.54M$28.22No quote
8VNOVornado Realty Trust2.90%Reduce -14.8%624,314$63.19M$101.21No quote
9MACThe Macerich Company2.88%Reduce -26.4%776,201$62.77M$80.87No quote
10ZIONZions Bancorporation2.70%Reduce -7.4%1,896,358$58.83M$31.02No quote
11PNCWSPNC Financial Services Group 2018 Warrants2.64%-2,452,249$57.6MNo quoteNo quote
12PNCPNC Financial Corp2.62%Reduce -1.2%635,315$57.24M$90.09No quote
13WTMWhite Mountains Insurance Group2.51%Reduce -3.4%66,101$54.86M$830.00No quote
14TRCTejon Ranch Co.2.51%-2,249,464$54.71MNo quoteNo quote
15CVCOCavco Industries, Inc. (COM & Restricted)2.15%Reduce -1.0%472,919$46.84M$99.05No quote
16CBSCBS Corporation2.10%Add +0.4%839,016$45.93MNo quoteNo quote
17AXEAnixter International Inc.2.09%Reduce -0.6%706,673$45.58MNo quoteNo quote
18YAlleghany Corp.1.99%Reduce -0.4%82,618$43.38MNo quoteNo quote
19LOWLowe's Companies Inc.1.93%Reduce -7.5%584,611$42.22M$72.21No quote
20BKDBrookdale Senior Living Inc.1.92%Reduce -0.8%2,404,847$41.97M$17.45No quote
21LENLennar Corp.1.91%Reduce -7.5%984,200$41.67M$42.34No quote
22DVNDevon Energy Corp.1.56%Reduce -23.3%769,932$33.96M$44.11No quote
23HARHarman International Industries, Inc.1.54%Reduce -0.8%397,296$33.55MNo quoteNo quote
24JCIJohnson Controls International plc1.50%New705,743$32.84M$46.53No quote
25KWKennedy-Wilson Holdings Inc.1.33%Reduce -6.4%1,290,112$29.09M$22.55No quote
26RLRalph Lauren Corp.1.26%Reduce -1.1%271,913$27.5MNo quoteNo quote
27AGCOAGCO Corp1.25%Reduce -20.5%551,104$27.18M$49.32No quote
28MASMasco Corp.1.24%Reduce -20.5%787,625$27.02M$34.31No quote
29CVACovanta Holding Corporation1.20%Reduce -23.0%1,702,563$26.2MNo quoteNo quote
30APAApache Corp1.19%Reduce -22.7%405,279$25.89M$63.87No quote
31FNFFNF Group1.17%Reduce -7.5%692,400$25.56M$36.91No quote
32AMGNAmgen Inc.1.03%Reduce -1.0%134,226$22.39M$166.81No quote
33LIVNLivanova PLC0.92%Add +24.6%333,848$20.07M$60.11No quote
34KEYKeycorp0.79%Reduce -1.6%1,421,788$17.3M$12.17No quote
35SHPGShire Plc - ADR0.61%Add +42.6%68,224$13.23MNo quoteNo quote
36WCICWCI Communities Inc.0.57%Add +0.7%528,997$12.55MNo quoteNo quote
37VCVisteon Corp.0.42%-129,268$9.26M$71.66No quote
38CBSHCommerce Bancshares, Inc0.40%-177,138$8.73MNo quoteNo quote
39UMBFUMB Financial Corporation0.39%-141,973$8.44M$59.45No quote
40CUBCubic, Corp.0.37%-172,224$8.06MNo quoteNo quote
41NTCTNetscout Systems Inc.0.36%-270,281$7.91M$29.25No quote
42EMEEMCOR Group, Inc.0.35%-127,187$7.58M$59.62No quote
43ICFIICF International, Inc.0.34%Reduce -11.7%168,729$7.48M$44.32No quote
44LABLMulti-Color Corporation0.34%Reduce -13.8%111,720$7.37MNo quoteNo quote
45SMPStandard Motor Products, Inc.0.34%Add +0.1%153,993$7.36MNo quoteNo quote
46NSITInsight Enterprises, Inc.0.33%Add +0.0%220,604$7.18M$32.55No quote
47SBSISouthside Bancshares Inc.0.33%Add +0.1%222,660$7.17M$32.18No quote
48FCNFTI Consulting Inc.0.31%Reduce -20.7%153,535$6.84M$44.56No quote
49KEXKirby Corporation0.30%Add +17.1%104,375$6.49M$62.16No quote
50ROIAKRadio One Inc Cl D0.30%-2,127,789$6.45MNo quoteNo quote
51DORMDorman Products, Inc.0.29%-99,690$6.37M$63.90No quote
52ALGAlamo Group, Inc.0.29%Reduce -6.4%96,302$6.35M$65.89No quote
53ARCOArcos Dorados Holdings, Inc.0.29%Reduce -26.6%1,186,027$6.25M$5.27No quote
54WKCWorld Fuel Services Corp0.29%Add +9.2%134,679$6.23MNo quoteNo quote
55CFRCullen Frost Bankers, Inc.0.27%-82,323$5.92M$71.94No quote
56WOOFVCA Antech Inc.0.26%Reduce -13.6%80,794$5.65MNo quoteNo quote
57PBProsperity Bancshares Inc.0.26%-102,362$5.62M$54.89No quote
58TTEKTetra Tech, Inc.0.24%Add +0.0%149,891$5.32M$35.47No quote
59VVIViad Corp.0.24%Reduce -26.4%144,032$5.31MNo quoteNo quote
60DSTDST Systems0.24%-44,573$5.26MNo quoteNo quote
61UNFUniFirst Corporation0.24%-39,261$5.18M$131.86No quote
62GGenpact Ltd.0.23%-208,196$4.99M$23.95No quote
63VLYValley National Bancorp0.23%Reduce -29.7%510,883$4.97M$9.73No quote
64SYNTSyntel, Inc.0.23%-117,688$4.93MNo quoteNo quote
65FLWS1-800-Flowers.com Inc.0.22%Reduce -8.9%535,304$4.91MNo quoteNo quote
66CSWICSW Industrials Inc.0.22%-150,348$4.87MNo quoteNo quote
67FIXComfort Systems USA Inc.0.22%New162,058$4.75M$29.31No quote
68DSWDSW Inc.0.21%Add +7.5%227,352$4.66MNo quoteNo quote
69CZZCosan Ltd.0.21%Reduce -27.8%651,014$4.66MNo quoteNo quote
70KALUKaiser Aluminum Corp.0.20%Add +2.6%49,405$4.27M$86.49No quote
71MTNVail Resorts Inc.0.19%Reduce -15.3%27,048$4.24M$156.87No quote
72BBarnes Group Inc.0.19%Add +2.8%104,621$4.24M$40.55No quote
73GIIIG-III Apparel Group Ltd.0.19%Add +60.3%143,218$4.18M$29.15No quote
74TILEInterface Inc.0.19%Add +0.0%249,473$4.16M$16.69No quote
75ABMABM Industries Inc0.19%-103,224$4.1M$39.70No quote
76IMIngram Micro Inc.0.18%-110,658$3.95MNo quoteNo quote
77TFXTelefex Inc.0.18%Reduce -33.5%23,102$3.88M$168.04No quote
78CNHICNH Industrial NV0.18%Reduce -0.5%534,489$3.86MNo quoteNo quote
79CRZOCarrizo Oil & Gas Inc.0.17%Add +97.1%92,435$3.76MNo quoteNo quote
80CBMCambrex Corp.0.17%Add +9.5%83,939$3.73MNo quoteNo quote
81MYRGMYR Group Inc.0.16%-116,310$3.5M$30.10No quote
82LMLegg Mason Inc.0.16%-104,455$3.5MNo quoteNo quote
83ALCOAlico, Inc.0.16%-129,733$3.49MNo quoteNo quote
84PDCOPatterson Companies Inc0.16%Reduce -30.8%75,716$3.48MNo quoteNo quote
85ANIPAni Pharmaceuticals Inc.0.15%-50,053$3.32M$66.35No quote
86LUKLeucadia National Corporation0.15%Reduce -25.1%170,433$3.25MNo quoteNo quote
87SEBSeaboard Corp.0.15%Add +4.7%940$3.23M$3440.43No quote
88SPSP Plus Corp.0.14%New122,449$3.13MNo quoteNo quote
89PRGSProgress Software Corporation0.14%-112,816$3.07MNo quoteNo quote
90CSTCST Brands, Inc0.13%Reduce -37.9%60,534$2.91MNo quoteNo quote
91CSGSCSG Systems International, Inc.0.13%-67,467$2.79MNo quoteNo quote
92MDRXAllscripts Healthcare Solutions, Inc.0.12%-204,351$2.69MNo quoteNo quote
93FRGIFiesta Restaurant Group, Inc.0.12%Reduce -8.6%104,567$2.51MNo quoteNo quote
94SBSAASpanish Broadcasting System, Inc0.11%-639,603$2.45MNo quoteNo quote
95UCPUCP Inc. - Class A0.11%Reduce -3.1%271,409$2.39MNo quoteNo quote
96CCSCentury Communities Inc.0.11%Reduce -8.3%109,974$2.37M$21.51No quote
97CSWCCapital Southwest0.10%-150,348$2.21MNo quoteNo quote
98FLOWSPX Flow Inc.0.10%-67,624$2.09MNo quoteNo quote
99CMAWSComerica Inc 2018 Warrants0.08%-90,000$1.65MNo quoteNo quote
100CIRCircor International Inc.0.07%Reduce -33.8%26,376$1.57MNo quoteNo quote
101SKTTanger Factory Outlet Centers, Inc0.07%Reduce -57.1%37,674$1.47M$38.97No quote
102CTTCatchmark Timber Trust Inc.0.04%Reduce -21.6%80,000$935KNo quoteNo quote
103FPOFirst Potomac Realty Trust0.03%Reduce -31.6%80,000$732KNo quoteNo quote
104WMIHWMI Holdings Corp,0.02%Reduce -22.0%216,706$507KNo quoteNo quote
105NXRTNEXPOINT RESIDNL TR0.02%-25,000$492KNo quoteNo quote
106VMIValmont Industries0.01%Reduce -35.5%2,369$319KNo quoteNo quote
107TTETotal Fina ELF S A ADR0.01%-2,807$134K$47.74No quote
108TPHSTrinity Place Holdings0.01%-12,729$124KNo quoteNo quote
109VODVodafone Group Plc - ADR0.00%-2,770$81KNo quoteNo quote
110FCEBForest City Enterprises Inc. CL B0.00%-702$16KNo quoteNo quote
117TRCWSTejon Ranch Co. WTS EXP 08/31/2016-Sold0$0No quoteNo quote
116SEMGSemGroup Corporation - CL A-Sold0$0No quoteNo quote
115JCIJohnson Controls Inc.-Sold0$0No quoteNo quote
114GLTGlatfelter P. H. Co.-Sold0$0No quoteNo quote
113GMGeneral Motors Co.-Sold0$0No quoteNo quote
112ENSEnerSys-Sold0$0No quoteNo quote
111BRBroadridge Financial Solutions Inc.-Sold0$0No quoteNo quote