# THIRD AVENUE MANAGEMENT LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1099281. Source: https://holderbook.com/funds/1099281-third-avenue-management-llc/

- Reported value: $625.3M
- Positions: 55
- Weight of the ten largest: 50.2%
- Filed: 2026-08-12

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| TIDEWATER INC NEW | [TDW](https://holderbook.com/stocks/TDW/) | $62.2M | 934,121 | 10.0% | 31 |
| BOISE CASCADE CO DEL | [BCC](https://holderbook.com/stocks/BCC/) | $46.7M | 602,086 | 7.5% | 4 |
| VALARIS LTD | [VAL](https://holderbook.com/stocks/VAL/) | $37.5M | 516,313 | 6.0% | 20 |
| ROBERT HALF INC. | [RHI](https://holderbook.com/stocks/RHI/) | $37.1M | 1,208,336 | 5.9% | 2 |
| HARLEY DAVIDSON INC | [HOG](https://holderbook.com/stocks/HOG/) | $36.2M | 1,480,880 | 5.8% | 2 |
| WARRIOR MET COAL INC | [HCC](https://holderbook.com/stocks/HCC/) | $23.2M | 285,398 | 3.7% | 31 |
| FIVE POINT HOLDINGS LLC | [FPH](https://holderbook.com/stocks/FPH/) | $19.5M | 3,696,155 | 3.1% | 31 |
| CBRE GROUP INC | [CBRE](https://holderbook.com/stocks/CBRE/) | $18.3M | 135,896 | 2.9% | 26 |
| BROOKFIELD CORP | [BN](https://holderbook.com/stocks/BN/) | $16.8M | 394,929 | 2.7% | 15 |
| U HAUL HOLDING COMPANY | [UHALB](https://holderbook.com/stocks/UHALB/) | $16.4M | 283,872 | 2.6% | 15 |
| PROLOGIS INC. | [PLD](https://holderbook.com/stocks/PLD/) | $14.2M | 104,823 | 2.3% | 26 |
| LENNAR CORP | [LENB](https://holderbook.com/stocks/LENB/) | $13.3M | 149,658 | 2.1% | 31 |
| PULTE GROUP INC | [PHM](https://holderbook.com/stocks/PHM/) | $13.1M | 95,111 | 2.1% | 6 |
| ENCORE CAP GROUP INC | [ECPG](https://holderbook.com/stocks/ECPG/) | $12.1M | 129,717 | 1.9% | 15 |
| D R HORTON INC | [DHI](https://holderbook.com/stocks/DHI/) | $11.3M | 69,205 | 1.8% | 18 |
| UMB FINL CORP | [UMBF](https://holderbook.com/stocks/UMBF/) | $11.2M | 78,245 | 1.8% | 31 |
| SUN CMNTYS INC | [SUI](https://holderbook.com/stocks/SUI/) | $11.0M | 91,454 | 1.8% | 13 |
| ROGERS CORP | [ROG](https://holderbook.com/stocks/ROG/) | $10.1M | 61,584 | 1.6% | 4 |
| JONES LANG LASALLE INC | [JLL](https://holderbook.com/stocks/JLL/) | $9.9M | 32,053 | 1.6% | 14 |
| FIDELITY NATL FINL INC | [FNF](https://holderbook.com/stocks/FNF/) | $9.1M | 193,119 | 1.5% | 31 |
| CHAMPION HOMES INC | [SKY](https://holderbook.com/stocks/SKY/) | $8.9M | 100,576 | 1.4% | 5 |
| FIRSTSERVICE CORP NEW | [FSV](https://holderbook.com/stocks/FSV/) | $8.8M | 61,951 | 1.4% | 3 |
| AMERICAN HOMES 4 RENT | [AMH](https://holderbook.com/stocks/AMH/) | $8.8M | 262,058 | 1.4% | 25 |
| OCTAVE SPECIALTY GROUP INC | [OSG](https://holderbook.com/stocks/OSG/) | $8.4M | 1,341,879 | 1.3% | 7 |
| BROOKDALE SR LIVING INC | [BKD](https://holderbook.com/stocks/BKD/) | $8.0M | 494,826 | 1.3% | 2 |
| PROSPERITY BANCSHARES INC | [PB](https://holderbook.com/stocks/PB/) | $7.5M | 102,168 | 1.2% | 31 |
| ICF INTL INC | [ICFI](https://holderbook.com/stocks/ICFI/) | $7.2M | 98,893 | 1.2% | 31 |
| SUPERNUS PHARMACEUTICALS | [SUPN](https://holderbook.com/stocks/SUPN/) | $7.1M | 152,724 | 1.1% | 17 |
| ALAMO GROUP INC | [ALG](https://holderbook.com/stocks/ALG/) | $7.0M | 42,265 | 1.1% | 31 |
| COLLEGIUM PHARMACEUTICAL INC | [COLL](https://holderbook.com/stocks/COLL/) | $6.6M | 182,645 | 1.1% | 11 |
| CATALYST PHARMACEUTICALS INC | [CPRX](https://holderbook.com/stocks/CPRX/) | $6.6M | 210,161 | 1.1% | 2 |
| MYR GROUP INC | [MYRG](https://holderbook.com/stocks/MYRG/) | $6.5M | 13,066 | 1.0% | 31 |
| ATLANTA BRAVES HLDGS INC | [BATRA](https://holderbook.com/stocks/BATRA/) | $6.3M | 111,880 | 1.0% | 12 |
| TAYLOR MORRISON HOME CORP | [TMHC](https://holderbook.com/stocks/TMHC/) | $6.2M | 85,941 | 1.0% | 1 |
| INVESTORS TITLE CO NC | [ITIC](https://holderbook.com/stocks/ITIC/) | $6.0M | 21,894 | 1.0% | 13 |
| PBF ENERGY INC | [PBF](https://holderbook.com/stocks/PBF/) | $6.0M | 131,050 | 1.0% | 8 |
| WESCO INTL INC | [WCC](https://holderbook.com/stocks/WCC/) | $5.9M | 16,963 | 0.9% | 9 |
| KAISER ALUMINIUM CORPORATION | [KALU](https://holderbook.com/stocks/KALU/) | $5.8M | 29,848 | 0.9% | 31 |
| UNIFIRST CORP MASS | [UNF](https://holderbook.com/stocks/UNF/) | $5.5M | 20,802 | 0.9% | 31 |
| QUALYS INC | [QLYS](https://holderbook.com/stocks/QLYS/) | $5.4M | 39,120 | 0.9% | 2 |
| CENTRAL SECS CORP | [CET](https://holderbook.com/stocks/CET/) | $5.3M | 101,812 | 0.9% | 26 |
| FLAGSTAR BANK NATIONAL ASSOC | [FLG](https://holderbook.com/stocks/FLG/) | $4.9M | 331,241 | 0.8% | 3 |
| SANDRIDGE ENERGY INC | [SD](https://holderbook.com/stocks/SD/) | $4.8M | 352,558 | 0.8% | 8 |
| OCEANFIRST FINL CORP | [OCFC](https://holderbook.com/stocks/OCFC/) | $4.8M | 246,662 | 0.8% | 7 |
| FIRST INDL RLTY TR INC | [FR](https://holderbook.com/stocks/FR/) | $4.8M | 77,498 | 0.8% | 31 |
| LSB INDS INC | [LXU](https://holderbook.com/stocks/LXU/) | $4.1M | 381,096 | 0.7% | 12 |
| SOUTHSIDE BANCSHARES INC | [SBSI](https://holderbook.com/stocks/SBSI/) | $4.1M | 116,879 | 0.7% | 31 |
| BLUELINX HLDGS INC | [BXC](https://holderbook.com/stocks/BXC/) | $4.0M | 64,369 | 0.6% | 6 |
| MAXIMUS INC | [MMS](https://holderbook.com/stocks/MMS/) | $4.0M | 74,085 | 0.6% | 1 |
| HONGKONG LAND HLD ORD USD0.10(SINGAPORE REG) | - | $3.9M | 550,300 | 0.6% | 1 |
| WEYERHAEUSER CO | [WY](https://holderbook.com/stocks/WY/) | $3.9M | 162,097 | 0.6% | 31 |
| CRA INTL INC | [CRAI](https://holderbook.com/stocks/CRAI/) | $3.0M | 20,819 | 0.5% | 1 |
| FRP HLDGS INC | [FRPH](https://holderbook.com/stocks/FRPH/) | $2.7M | 107,160 | 0.4% | 31 |
| COMPASS INC | [COMP](https://holderbook.com/stocks/COMP/) | $2.3M | 187,469 | 0.4% | 2 |
| ATLANTA BRAVES HLDGS INC | [BATRK](https://holderbook.com/stocks/BATRK/) | $1.4M | 26,027 | 0.2% | 12 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +4.8% | +14.8% | -10.0% | 98% |
| Q1 2026 | +10.2% | -4.6% | +14.8% | 100% |
| Q4 2025 | +3.8% | +2.4% | +1.4% | 99% |
| Q3 2025 | +12.8% | +7.8% | +5.0% | 100% |
| Q2 2025 | +4.0% | +10.5% | -6.4% | 100% |
| Q1 2025 | -0.9% | -4.6% | +3.7% | 100% |
| Q4 2024 | -7.9% | +2.1% | -10.0% | 100% |
| Q3 2024 | +10.8% | +5.4% | +5.3% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $625.3M | 55 |
| Q1 2026 | $616.0M | 53 |
| Q4 2025 | $550.2M | 51 |
| Q3 2025 | $532.7M | 50 |
| Q2 2025 | $484.9M | 52 |
| Q1 2025 | $498.7M | 61 |
| Q4 2024 | $516.8M | 59 |
| Q3 2024 | $611.6M | 59 |
| Q2 2024 | $583.0M | 59 |
| Q1 2024 | $626.7M | 58 |
| Q4 2023 | $609.3M | 59 |
| Q3 2023 | $596.5M | 59 |