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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 42 of 63 rows. Rows without a quote are marked unavailable.

1FPHFive Point Holdings LLC - CL A9.38%Add +0.3%8,898,419$69.68M$7.8352w: $4.00 - $8.93; reported $7.83
2BAMBrookfield Asset Mgmt. CL A5.97%Reduce -0.8%828,596$44.34M$53.51No quote
3HCCWarrior Met Coal Inc.5.42%Add +0.3%1,730,328$40.27M$23.2752w: $13.03 - $26.79; reported $23.27
4LEN/BLennar Corp - Class BCUSIP 5260573025.06%Add +0.4%484,684$37.61MNo quoteNo quote
5PLDPrologis Inc.4.31%Reduce -0.2%255,401$32.04M$125.4352w: $93.08 - $139.60; reported $125.43
6CMAComerica Inc.4.03%-371,544$29.91MNo quoteNo quote
7WYWeyerhaeuser Company3.97%Add +0.3%829,843$29.52M$35.5752w: $26.57 - $41.68; reported $35.57
8RYNRayonier Inc.3.96%Add +0.2%824,502$29.42M$35.6852w: $25.05 - $38.98; reported $35.68
9TDWTidewater Inc.3.81%Reduce -7.5%2,347,512$28.31M$12.0652w: $5.41 - $15.92; reported $12.06
10UHALAmerco3.69%Reduce -0.8%42,470$27.44M$646.0352w: $34.52 - $67.73; reported $646.03
11ORIOld Republic International Corp.3.46%-1,110,301$25.68M$23.1352w: $14.55 - $26.69; reported $23.13
12LOWLowe's Companies Inc.3.19%Reduce -1.0%116,979$23.73M$202.8752w: $146.72 - $215.22; reported $202.87
13HAHawaiian Holdings Inc.2.90%-994,055$21.53MNo quoteNo quote
14AMHAmerican Homes 4 Rent2.59%Reduce -0.2%505,645$19.28M$38.1252w: $27.71 - $42.61; reported $38.12
15LAZLazard Ltd.2.27%-368,858$16.89M$45.8052w: $32.39 - $49.02; reported $45.80
16CBRECBRE Group, Inc.2.19%Add +0.9%167,076$16.27M$97.3652w: $43.17 - $99.73; reported $97.36
17JBGSJBG Smith Properties2.10%Reduce -24.7%527,851$15.63MNo quoteNo quote
18UMBFUMB Financial Corporation1.90%-146,136$14.13M$96.7152w: $47.85 - $99.98; reported $96.71
19TPHSTrinity Place Holdings1.60%-6,080,226$11.92MNo quoteNo quote
20MHKMohawk Industries Inc.1.59%Reduce -30.8%66,464$11.79M$177.4052w: $90.98 - $231.80; reported $177.40
21FNFFNF Group1.55%Add +0.3%253,673$11.5M$45.3452w: $27.65 - $45.94; reported $45.34
22VALValaris Ltd.1.46%New310,047$10.82M$34.8852w: $20.25 - $35.75; reported $34.88
23FRFirst Industrial Realty Trust, Inc.1.42%Reduce -0.2%202,857$10.57M$52.0852w: $39.24 - $56.90; reported $52.08
24MYRGMYR Group Inc.1.36%-101,309$10.08M$99.5152w: $35.19 - $110.59; reported $99.51
25ESSEssex Property Trust, Inc.1.31%Reduce -0.2%30,334$9.7M$319.7452w: $186.30 - $337.43; reported $319.74
26WASHWashington Trust Bancorp.1.30%-182,745$9.68MNo quoteNo quote
27SEBSeaboard Corp.1.29%-2,336$9.58M$4100.1752w: $2834.00 - $4390.50; reported $4100.17
28FRPHFRP Holdings Inc.1.15%-152,435$8.53M$55.9352w: $19.30 - $31.25; reported $55.93
29VNOVornado Realty Trust1.09%Reduce -2.9%193,011$8.11M$42.0152w: $29.79 - $50.91; reported $42.01
30PBProsperity Bancshares Inc.1.03%-107,928$7.68M$71.1352w: $50.43 - $83.02; reported $71.13
31ICFIICF International, Inc.1.01%-83,673$7.47M$89.3052w: $60.02 - $102.23; reported $89.30
32PRAProassurance Corp.0.95%-297,038$7.06M$23.7852w: $13.56 - $29.15; reported $23.78
33SBSISouthside Bancshares Inc.0.85%-164,220$6.29M$38.2952w: $23.90 - $43.69; reported $38.29
34KALUKaiser Aluminum Corp.0.76%-52,160$5.68M$108.9752w: $52.68 - $141.07; reported $108.97
35EMEEMCOR Group, Inc.0.71%-45,788$5.28M$115.40No quote
37CALMCal-Maine Foods, Inc.0.68%Add +20.3%139,635$5.05M$36.1752w: $33.85 - $43.24; reported $36.17
36BSIGBrightsphere Investment Group0.68%-193,259$5.05MNo quoteNo quote
38TPHTri Pointe Group Inc.0.66%-232,961$4.9M$21.0252w: $16.14 - $26.35; reported $21.02
39CETCentral Securities Corporation0.63%-111,210$4.7M$42.2552w: $28.03 - $43.43; reported $42.25
40BATRALiberty Media Corp. - Braves A0.63%-174,128$4.69M$26.9152w: $20.19 - $34.99; reported $26.91
41STRSStratus Properties Inc.0.61%Add +10.6%141,118$4.55MNo quoteNo quote
42ALGAlamo Group, Inc.0.60%-31,880$4.45M$139.5552w: $105.89 - $165.98; reported $139.55
43HBBHamilton Beach Brand0.60%Add +24.3%282,436$4.43MNo quoteNo quote
44ATNIATN International Inc.0.59%-93,903$4.4MNo quoteNo quote
45FIXComfort Systems USA Inc.0.50%-52,390$3.74M$71.3352w: $43.62 - $88.53; reported $71.33
46UNFUniFirst Corporation0.43%-14,942$3.18M$212.6252w: $160.70 - $258.86; reported $212.62
47APTSPreferred Apartment Communities0.42%New257,713$3.15MNo quoteNo quote
48VCVisteon Corp.0.40%-31,848$3.01M$94.4252w: $68.97 - $147.55; reported $94.42
49SRGSeritage Growth Properties0.40%Reduce -41.4%202,271$3MNo quoteNo quote
50DORMDorman Products, Inc.0.33%-26,078$2.47M$94.6852w: $85.50 - $113.13; reported $94.68
51SPHRMadison Square Garden Entertainment0.27%New27,448$2M$72.6852w: $27.83 - $56.08; reported $72.68
52ROICRetail Opportunity Investments Corp.0.18%-75,000$1.31MNo quoteNo quote
53STCStewart Information Services Corp.0.14%-17,000$1.08M$63.2952w: $40.95 - $65.41; reported $63.29
54CTOCTO Realty Growth, Inc.0.14%-19,293$1.04M$53.8052w: $10.91 - $19.37; reported $53.80
55PCHPotlatchdeltic Corp.0.14%-20,000$1.03MNo quoteNo quote
56NXRTNexPoint Residential Trust, Inc.0.11%-13,000$805KNo quoteNo quote
57RMRThe RMR Group Inc.0.10%-23,000$770KNo quoteNo quote
58MNRMonmouth Real Estate Investment Corp.0.08%-30,000$560KNo quoteNo quote
59GRBKGreen Brick Partners0.04%-16,000$329K$20.5652w: $15.85 - $28.03; reported $20.56
63MACThe Macerich Company-Sold0$0No quoteNo quote
62LENLennar Corp.-Sold0$0No quoteNo quote
61EXPEagle Materials Inc.-Sold0$0No quoteNo quote
60CIOCity Office REIT, Inc.-Sold0$0No quoteNo quote