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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 59 of 120 rows. Rows without a quote are marked unavailable.

1WYWeyerhaeuser Company9.19%Reduce -1.6%5,919,490$201.14M$33.98No quote
2BAMBrookfield Asset Mgmt. CL A7.16%Reduce -0.1%4,295,013$156.6M$36.46No quote
3LENLennar Corp.6.92%Add +0.2%2,956,713$151.35M$51.19No quote
4FCEAForest City Enterprises Inc. CL A4.84%Reduce -0.1%4,864,408$105.95MNo quoteNo quote
5RYNRayonier Inc.4.47%-3,452,270$97.84M$28.34No quote
6BKBank of New York Mellon Corp.3.82%Add +0.5%1,768,136$83.51M$47.23No quote
7PNCPNC Financial Corp3.07%Reduce -11.6%559,122$67.23M$120.24No quote
8CMAComerica Inc.3.06%Reduce -6.0%975,344$66.89MNo quoteNo quote
9PNCWSPNC Financial Services Group 2018 Warrants2.88%Reduce -9.1%1,186,849$62.92MNo quoteNo quote
10VNOVornado Realty Trust2.75%-599,214$60.11M$100.31No quote
11WTMWhite Mountains Insurance Group2.59%Add +0.5%64,386$56.65M$879.88No quote
12CVCOCavco Industries, Inc. (COM & Restricted)2.22%Reduce -11.9%416,466$48.48M$116.40No quote
13FRFirst Industrial Realty Trust, Inc.2.19%Reduce -0.3%1,797,143$47.86M$26.63No quote
14YAlleghany Corp.2.19%Reduce -5.5%77,789$47.81MNo quoteNo quote
15TRCTejon Ranch Co.2.16%-2,164,153$47.37MNo quoteNo quote
16LOWLowe's Companies Inc.2.10%Reduce -0.5%557,911$45.87M$82.21No quote
17TPHSTrinity Place Holdings1.61%Add +14.5%4,829,014$35.3MNo quoteNo quote
18AMGNAmgen Inc.1.58%Add +0.4%211,084$34.63M$164.07No quote
19JCIJohnson Controls International plc1.47%Add +6.6%763,067$32.14M$42.12No quote
20DVNDevon Energy Corp.1.46%Add +0.5%768,306$32.05M$41.72No quote
21CBSCBS Corporation1.43%Reduce -30.9%449,645$31.19MNo quoteNo quote
22RLRalph Lauren Corp.1.35%Add +33.5%360,653$29.44MNo quoteNo quote
23MASMasco Corp.1.33%Add +0.4%856,047$29.1M$33.99No quote
24AXEAnixter International Inc.1.28%Add +0.5%354,028$28.07MNo quoteNo quote
25BKDBrookdale Senior Living Inc.1.27%Add +2.3%2,069,954$27.8M$13.43No quote
26KWKennedy-Wilson Holdings Inc.1.26%Reduce -0.5%1,238,753$27.5M$22.20No quote
27FNFFNF Group1.18%-664,500$25.88M$38.94No quote
28LIVNLivanova PLC1.17%Add +1.2%521,910$25.58M$49.01No quote
29MACThe Macerich Company1.14%Add +44.3%385,801$24.85M$64.40No quote
30CERNCerner Corp.1.10%Add +0.3%410,097$24.13MNo quoteNo quote
31ZIONZions Bancorporation1.08%Reduce -7.0%564,658$23.72M$42.00No quote
32PKYParkway Inc.0.95%-1,044,662$20.78MNo quoteNo quote
33KEYKeycorp0.81%Add +1.0%997,176$17.73M$17.78No quote
34EOGEOG Resources0.70%New156,897$15.31M$97.55No quote
35AVTAvnet Inc.0.59%New284,341$13.01M$45.76No quote
36SHPGShire Plc - ADR0.55%Add +2.5%69,507$12.11MNo quoteNo quote
37NTCTNetscout Systems Inc.0.47%-269,400$10.22M$37.95No quote
38ARCOArcos Dorados Holdings, Inc.0.46%Add +8.6%1,262,600$10.16M$8.05No quote
39CUBCubic, Corp.0.40%Reduce -3.7%165,104$8.72MNo quoteNo quote
40CBSHCommerce Bancshares, Inc0.39%Reduce -17.6%152,706$8.58MNo quoteNo quote
41CVACovanta Holding Corporation0.37%Reduce -69.3%517,546$8.13MNo quoteNo quote
42SYNTSyntel, Inc.0.35%Add +62.3%451,397$7.6MNo quoteNo quote
43SBSISouthside Bancshares Inc.0.34%-221,678$7.44M$33.57No quote
44WOOFVCA Antech Inc.0.34%-80,458$7.36MNo quoteNo quote
45UMBFUMB Financial Corporation0.33%Reduce -24.3%96,691$7.28M$75.31No quote
46PBProsperity Bancshares Inc.0.32%Reduce -2.9%99,046$6.9M$69.70No quote
47VCVisteon Corp.0.30%Reduce -39.8%66,288$6.49M$97.95No quote
48GGenpact Ltd.0.29%Add +14.8%254,366$6.3M$24.76No quote
49DSTDST Systems0.28%Add +3.7%50,100$6.14MNo quoteNo quote
50TTEKTetra Tech, Inc.0.28%-149,244$6.1M$40.85No quote
51NSITInsight Enterprises, Inc.0.28%Reduce -30.0%147,700$6.07M$41.09No quote
52LABLMulti-Color Corporation0.28%Reduce -15.9%85,246$6.05MNo quoteNo quote
53WKCWorld Fuel Services Corp0.28%Add +10.1%166,319$6.03MNo quoteNo quote
54ICFIICF International, Inc.0.27%Add +6.9%144,822$5.98M$41.30No quote
55FIXComfort Systems USA Inc.0.27%-161,375$5.91M$36.65No quote
56CFRCullen Frost Bankers, Inc.0.27%Reduce -19.0%66,400$5.91M$88.98No quote
57FCNFTI Consulting Inc.0.26%-140,392$5.78M$41.17No quote
58BMCHBMC Stock Holdings, Inc.0.26%Add +80.0%253,800$5.74MNo quoteNo quote
59SPSP Plus Corp.0.26%-169,423$5.72MNo quoteNo quote
60CSWICSW Industrials Inc.0.25%-150,348$5.52MNo quoteNo quote
61TNETTrinet Group Services0.24%Add +44.2%185,400$5.36MNo quoteNo quote
62BBarnes Group Inc.0.24%-104,200$5.35M$51.34No quote
63ALGAlamo Group, Inc.0.24%Reduce -19.2%69,506$5.3M$76.19No quote
64EMEEMCOR Group, Inc.0.24%Reduce -6.3%82,107$5.17M$62.95No quote
65VVIViad Corp.0.23%Reduce -14.4%109,135$4.93MNo quoteNo quote
66KALUKaiser Aluminum Corp.0.22%Add +16.5%61,478$4.91M$79.90No quote
67DORMDorman Products, Inc.0.22%Reduce -28.3%58,400$4.8M$82.12No quote
68CBMCambrex Corp.0.22%Add +2.3%85,485$4.71MNo quoteNo quote
69CRZOCarrizo Oil & Gas Inc.0.21%Add +59.0%163,353$4.68MNo quoteNo quote
70TILEInterface Inc.0.21%Add +19.8%241,920$4.61M$19.05No quote
71TFXTelefex Inc.0.20%-23,007$4.46M$193.72No quote
72CNHICNH Industrial NV0.20%Reduce -6.8%456,800$4.4MNo quoteNo quote
73CZZCosan Ltd.0.20%-511,000$4.36MNo quoteNo quote
74NXQuanex Building Products0.20%Add +173.6%214,200$4.34M$20.25No quote
75GIIIG-III Apparel Group Ltd.0.19%Add +36.5%194,701$4.26M$21.89No quote
76SYNASynaptics Inc.0.19%Add +443.7%85,907$4.25M$49.51No quote
77UNFUniFirst Corporation0.19%-29,910$4.23M$141.46No quote
78SMPStandard Motor Products, Inc.0.19%Reduce -10.6%85,601$4.21MNo quoteNo quote
79MTNVail Resorts Inc.0.19%Reduce -18.9%21,839$4.19M$191.90No quote
80FLWS1-800-Flowers.com Inc.0.19%Reduce -19.4%404,033$4.12MNo quoteNo quote
81VLYValley National Bancorp0.18%Reduce -33.6%337,775$3.99M$11.80No quote
82KFYKorn/Ferry International0.18%-125,500$3.95M$31.49No quote
83LUKLeucadia National Corporation0.18%-150,733$3.92MNo quoteNo quote
84ABMABM Industries Inc0.18%-89,857$3.92M$43.60No quote
85SEBSeaboard Corp.0.18%-937$3.91M$4169.69No quote
86LMLegg Mason Inc.0.17%-104,132$3.76MNo quoteNo quote
87PDCOPatterson Companies Inc0.17%Add +8.1%81,500$3.69MNo quoteNo quote
88PLABPhotronics Inc.0.17%New340,600$3.64MNo quoteNo quote
89ALCOAlico, Inc.0.16%-129,227$3.41MNo quoteNo quote
90DSWDSW Inc.0.16%-164,900$3.41MNo quoteNo quote
91PRGSProgress Software Corporation0.15%-112,355$3.26MNo quoteNo quote
92MYRGMYR Group Inc.0.12%Reduce -25.2%64,300$2.64M$41.00No quote
93TPHTri Pointe Group Inc.0.12%New207,700$2.61M$12.54No quote
94CSWCCapital Southwest0.12%-150,348$2.54MNo quoteNo quote
95CSGSCSG Systems International, Inc.0.12%-67,198$2.54MNo quoteNo quote
96FRGIFiesta Restaurant Group, Inc.0.11%Reduce -1.4%102,678$2.49MNo quoteNo quote
97ANIPAni Pharmaceuticals Inc.0.11%-49,933$2.47M$49.51No quote
98CORECore-Mark Holding Co. Inc.0.11%New73,962$2.31MNo quoteNo quote
99LEN/BLennar Corp - Class BCUSIP 5260573020.10%Add +344.3%50,456$2.11MNo quoteNo quote
100UCPUCP Inc. - Class A0.08%-169,859$1.72MNo quoteNo quote
101CMAWSComerica Inc 2018 Warrants0.07%-38,300$1.5MNo quoteNo quote
102CCSCentury Communities Inc.0.07%Reduce -40.0%56,974$1.45M$25.40No quote
103CIRCircor International Inc.0.06%Reduce -14.5%22,467$1.34MNo quoteNo quote
104SKTTanger Factory Outlet Centers, Inc0.06%Reduce -1.1%37,119$1.22M$32.76No quote
105CTTCatchmark Timber Trust Inc.0.04%-80,000$922KNo quoteNo quote
106CDRCEDAR REALTY TRUST INC0.04%New175,700$882KNo quoteNo quote
107FPOFirst Potomac Realty Trust0.04%-80,000$822KNo quoteNo quote
108NXRTNEXPOINT RESIDNL TR0.03%-25,000$604KNo quoteNo quote
109VMIValmont Industries0.02%Add +27.0%2,157$335KNo quoteNo quote
110TTETotal Fina ELF S A ADR0.01%Add +54.0%2,807$142K$50.59No quote
111VODVodafone Group Plc - ADR0.00%Add +67.1%3,136$83KNo quoteNo quote
112FCEBForest City Enterprises Inc. CL B0.00%-702$20KNo quoteNo quote
120WCICWCI Communities Inc.-Sold0$0No quoteNo quote
119SBSAASpanish Broadcasting System, Inc-Sold0$0No quoteNo quote
118ROIAKRadio One Inc Cl D-Sold0$0No quoteNo quote
117KEXKirby Corporation-Sold0$0No quoteNo quote
116HARHarman International Industries, Inc.-Sold0$0No quoteNo quote
115APAApache Corp-Sold0$0No quoteNo quote
114MDRXAllscripts Healthcare Solutions, Inc.-Sold0$0No quoteNo quote
113AGCOAGCO Corp-Sold0$0No quoteNo quote