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

1WYWeyerhaeuser Company8.52%Reduce -10.7%4,296,482$110.12M$25.63No quote
2FPHFive Point Holdings LLC - CL A8.20%Add +1.0%11,556,368$105.97M$9.17No quote
3LENLennar Corp.7.70%Reduce -23.7%1,945,824$99.49M$51.13No quote
4BAMBrookfield Asset Mgmt. CL A6.20%Reduce -37.1%1,705,617$80.1M$46.96No quote
5RYNRayonier Inc.5.11%Reduce -7.9%2,100,124$65.99M$31.42No quote
6MACThe Macerich Company4.42%Reduce -7.9%1,403,122$57.18M$40.75No quote
7TDWTidewater Inc.4.41%Add +1.4%2,443,270$56.98M$23.32No quote
8HCCWarrior Met Coal Inc.4.27%Reduce -24.9%1,965,987$55.21M$28.08No quote
9JBGSJBG Smith Properties4.20%Add +106.4%1,314,725$54.27MNo quoteNo quote
10LEN/BLennar Corp - Class BCUSIP 5260573023.95%Add +0.5%1,248,201$51.05MNo quoteNo quote
11HAHawaiian Holdings Inc.2.87%Add +14.6%1,367,842$37.07MNo quoteNo quote
12PNCPNC Financial Corp2.70%Reduce -6.3%264,544$34.92M$131.99No quote
13AKRAcadia Realty Trust2.70%Reduce -29.7%1,237,435$34.9MNo quoteNo quote
14CMAComerica Inc.2.65%Reduce -16.7%451,256$34.24MNo quoteNo quote
15FRFirst Industrial Realty Trust, Inc.2.41%Reduce -14.7%908,608$31.09M$34.22No quote
16UHALAmerco2.33%Reduce -7.7%77,818$30.06M$386.31No quote
17LOWLowe's Companies Inc.2.28%Reduce -21.7%276,136$29.47M$106.73No quote
18VNOVornado Realty Trust2.11%Reduce -48.5%414,026$27.33M$66.00No quote
19TPHSTrinity Place Holdings1.66%Add +1.5%5,032,150$21.39MNo quoteNo quote
20FNFFNF Group1.46%Reduce -7.8%483,250$18.81M$38.93No quote
21TRCTejon Ranch Co.1.40%Reduce -11.9%985,076$18.09MNo quoteNo quote
22EXPEagle Materials Inc.1.21%New175,889$15.65M$88.98No quote
23SRGSeritage Growth Properties1.00%Reduce -4.8%282,687$12.89MNo quoteNo quote
24MHKMohawk Industries Inc.0.92%New88,805$11.9M$134.05No quote
25RIGTransocean Ltd.0.89%Add +0.7%1,521,285$11.55M$7.59No quote
26CUBICustomers Bancorp Inc0.88%Add +0.0%519,152$11.38M$21.91No quote
27MYRGMYR Group Inc.0.84%-321,485$10.82M$33.65No quote
28UMBFUMB Financial Corporation0.82%-150,823$10.66M$70.65No quote
29FCNFTI Consulting Inc.0.70%Reduce -17.7%110,343$9.05M$82.00No quote
30VCVisteon Corp.0.66%Add +40.5%136,115$8.52M$62.57No quote
31ICFIICF International, Inc.0.66%-112,787$8.5M$75.35No quote
32ATNIATN International Inc.0.64%Add +18.4%136,210$8.27MNo quoteNo quote
33PBProsperity Bancshares Inc.0.62%-110,885$8M$72.10No quote
34TPHTri Pointe Group Inc.0.62%Add +0.1%606,666$7.95M$13.10No quote
35SAFMSanderson Farms Inc.0.58%Reduce -19.3%49,271$7.53MNo quoteNo quote
36SEBSeaboard Corp.0.56%Add +6.1%1,708$7.24M$4237.12No quote
37SBSISouthside Bancshares Inc.0.54%-198,385$7M$35.30No quote
38EMEEMCOR Group, Inc.0.52%-82,107$6.71M$81.73No quote
39VVIViad Corp.0.52%-108,235$6.66MNo quoteNo quote
40CARECarter Bank & Trust0.52%New337,575$6.66MNo quoteNo quote
41FRPHFRP Holdings Inc.0.49%Add +6.3%131,757$6.3M$47.78No quote
42FIXComfort Systems USA Inc.0.44%-113,130$5.67M$50.10No quote
43ASIXAdvanSix Inc.0.43%Reduce -21.0%180,736$5.51M$30.48No quote
44UNFUniFirst Corporation0.38%-30,002$4.93M$164.19No quote
45ALGAlamo Group, Inc.0.38%-46,706$4.88M$104.50No quote
46SMHISeacor Marine Holdings Inc.0.37%Add +0.0%358,074$4.78M$13.34No quote
47GGenpact Ltd.0.34%Reduce -25.4%120,872$4.36M$36.05No quote
48AGXArgan Inc.0.33%New89,000$4.29M$48.15No quote
49CFRCullen Frost Bankers, Inc.0.33%Reduce -30.4%42,331$4.26M$100.54No quote
50KALUKaiser Aluminum Corp.0.30%Reduce -34.9%40,819$3.9M$95.62No quote
51ALCOAlico, Inc.0.29%-140,451$3.79MNo quoteNo quote
52DORMDorman Products, Inc.0.29%-43,600$3.78M$86.65No quote
53CCSCentury Communities Inc.0.08%Reduce -39.1%40,000$1.09M$27.32No quote
54RESIFront Yard Residential Corporation0.08%Reduce -45.2%90,000$998KNo quoteNo quote
55CTTCatchmark Timber Trust Inc.0.06%Reduce -40.6%80,000$784KNo quoteNo quote
56WLHWilliam Lyon Homes - Cl A0.06%Reduce -10.1%40,000$757KNo quoteNo quote
57CUBCubic, Corp.0.05%Reduce -90.9%10,064$592KNo quoteNo quote
58GRBKGreen Brick Partners0.04%Reduce -20.0%60,000$558K$9.30No quote
59JCAPJernigan Capital0.03%Reduce -20.0%20,000$420KNo quoteNo quote
65TTEKTetra Tech, Inc.-Sold0$0No quoteNo quote
64SMPStandard Motor Products, Inc.-Sold0$0No quoteNo quote
63SPYSPDR TR UNIT SER 1-Sold0$0No quoteNo quote
62DWDPDowDuPont Inc.-Sold0$0No quoteNo quote
61CDRCedar Realty Trust Inc.-Sold0$0No quoteNo quote
60AHLAspen Insurance Holdings Ltd-Sold0$0No quoteNo quote