Third Avenue Management

Third Avenue Management as of June 30, 2012

Portfolio Holdings for Third Avenue Management

Third Avenue Management holds 0 positions in its portfolio as reported in the June 2012 quarterly 13F filing

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                                                               VALUE SHRS OR SH/PUT/ INVSTMT OTHER  VOTING AUTHORITY
NAME OF ISSUER                      TITLE OF CLASS  CUSIP     (X$1000PRN AMT PRNCALL DSCRETN  MNGRS     SOLE SHARED  NONE
Acadia Realty Trust                 COM SH BEN INT  004239109     464   19999SH         X               19999   0        0
Alamo Group, Inc.                   COM             011311107   19494  621433SH         X              621433   0        0
Alico, Inc.                         COM             016230104    6794  222465SH         X              222465   0        0
Alleghany Corp.                     COM             017175100    6297   18534SH       OTHER     1      18,534   0        0
Alleghany Corp.                     COM             017175100   80081  235705SH         X             229,334   0     6371
American Eagle Outfitters           COM             02553E106   18664  945949SH         X              945949   0        0
Annaly Capital Management, Inc.     COM             035710409     195   11600SH         X               11600   0        0
Applied Materials, Inc.             COM             038222105   11377  992730SH       OTHER     1     992,730   0        0
Applied Materials, Inc.             COM             038222105   80647 7037298SH         X           6,758,673   0   278625
Arch Capital Group Ltd.             ORD             G0450A105   21147  532812SH         X              532812   0        0
AVX Corporation                     COM             002444107    5975  558887SH       OTHER     1     558,887   0        0
AVX Corporation                     COM             002444107   36745 3437299SH         X           3,437,299   0        0
Bank of New York Mellon Corp.       COM             064058100   31127 1418079SH       OTHER     1   1,418,079   0        0
Bank of New York Mellon Corp.       COM             064058100  178199 8118398SH         X           7,972,265   0   146133
Bel Fuse Inc.                       CL B            077347300   22249 1263420SH         X             1263420   0        0
Bristow Group Inc.                  COM             110394103   60336 1483541SH         X             1479241   0     4300
Broadridge Fin'l Solutions Inc.     COM             11133T103   42968 2059821SH         X             2057146   0     2675
Brookfield Asset Mgmt.              CL A LTD VT SH  112585104   14414  435468SH       OTHER     1     435,468   0        0
Brookfield Asset Mgmt.              CL A LTD VT SH  112585104  286648 8660047SH         X           8,650,270   0     9777
Brookfield Properties               COM             112900105     654   37550SH         X               37550   0        0
Capital Southwest                   COM             140501107   16091  156465SH         X              156465   0        0
Capstead Mortgage Corp.             COM NO PAR      14067E506     174   12500SH         X               12500   0        0
Cavco Industries, Inc.              COM             149568107   42726  833188SH         X              833188   0        0
Cedar Shopping Centers              COM             150602209    2247  445000SH         X              445000   0        0
Cenovus Energy Inc.                 COM             15135U109   12453  391600SH         X              391600   0        0
Chiquita Brands Int'l Inc.          NOTE 4.250% 8/16170032AT3    1929 2665000SH         X             2665000   0        0
Cimarex Energy Co.                  COM             171798101    8390  152215SH         X              152215   0        0
Cloud Peak Energy Inc.              COM             18911Q102   24043 1421797SH         X             1421797   0        0
Comerica Inc.                       COM             200340107   24521  798460SH         X              798460   0        0
Compass Minerals Int'l              COM             20451N101   34779  455937SH         X              455937   0        0
ConocoPhillips                      COM             20825C104    1044   18683SH         X               18683   0        0
Consolidated Tomoka Land Co.        COM             210226106   14875  516855SH         X              516855   0        0
Covanta Holding Corporation         COM             22282E102  145984 8512207SH         X             8512207   0        0
Cowen group Inc.                    COM             223622101    4848 1822495SH         X             1822495   0        0
Cross Country Healthcare Inc.       COM             227483104   11750 2688761SH         X             2688761   0        0
Darling International Inc.          COM             237266101   12024  729157SH         X              729157   0        0
Delphi Automotive plc               COM             G27823106    1691   66316SH         X               66316   0        0
Devon Energy Corp.                  COM             25179M103   71598 1234665SH         X             1191056   0    43609
Electro Scientific Industries, Inc. COM             285229100   18780 1588793SH         X             1588793   0        0
Electronics for Imaging Inc.        COM             286082102   36490 2245536SH         X             2235186   0    10350
EMCOR Group, Inc.                   COM             29084Q100   22706  816181SH         X              816181   0        0
Encana Corporation                  COM             292505104    9336  448214SH       OTHER     1     448,214   0        0
Encana Corporation                  COM             292505104   76461 3670707SH         X           3,667,231   0     3476
Encore Wire Corporation             COM             292562105   19030  710587SH         X              710587   0        0
Excel Trust, Inc.                   COM             30068C109   11867  992259SH         X              992259   0        0
First Industrial Realty Trust, Inc. COM             32054K103     517   40995SH       OTHER     1      40,995   0        0
First Industrial Realty Trust, Inc. COM             32054K103   48396 3834876SH         X           3,834,876   0        0
First Niagara Financial Group, Inc. COM             33582V108    4131  539984SH         X              539984   0        0
First Potomac Realty Trust          COM             33610F109     521   44300SH         X               44300   0        0
Forest City Enterprises Inc.        CL A            345550107     984   67392SH       OTHER     1      67,392   0        0
Forest City Enterprises Inc.        CL A            345550107  24320116657578SH         X           16,654,10   0     3475
General Motors Co.                  COM             37045V100    4565  231467SH         X              231467   0        0
Glatfelter P. H. Co.                COM             377316104   25665 1567816SH         X             1567816   0        0
Haemonetics Corporation             COM             405024100   24669  332868SH         X              332868   0        0
Harman Int'l Industries, Inc.       COM             413086109   27597  696899SH         X              696899   0        0
Haverty Furniture Companies Inc.    COM             419596101   11537 1032896SH         X             1032896   0        0
HCC Insurance Holdings              COM             404132102   32033 1020156SH         X             1020156   0        0
ICF International, Inc.             COM             44925C103   29140 1222335SH         X             1222335   0        0
Ingram Micro Inc.                   CL A            457153104   62207 3560809SH         X             3560809   0        0
Insteel Industries Inc.             COM             45774W108    9542  855820SH         X              855820   0        0
Intel Corporation                   COM             458140100   10260  385000SH         X              385000   0        0
Investment Technology Group         COM             46145F105   12335 1340775SH         X             1333350   0     7425
J^J Snack Foods Corporation         COM             466032109   18659  315719SH         X              315719   0        0
Jakks Pacific, Inc.                 COM             47012E106   17376 1085314SH         X             1085314   0        0
Jos A Bank Clothiers Inc.           COM             480838101   20202  475787SH         X              475787   0        0
Kaiser Aluminum Corp.               COM PAR $0.01   483007704   34144  658643SH         X              658643   0        0
Kearny Financial Corp.              COM             487169104    5189  535494SH         X              535494   0        0
Kelly Services Inc.                 CL A            488152208    3550  275000SH         X              275000   0        0
Kennametal Inc.                     COM             489170100   33564 1012480SH         X             1012480   0        0
Keycorp                             COM             493267108   11957 1544881SH       OTHER     1   1,544,881   0        0
Keycorp                             COM             493267108  11157414415194SH         X           14,085,99   0   329200
Kimco Realty Corp                   COM             49446R109     435   22845SH         X               22845   0        0
Kinross Gold Corporation            COM NO PAR      496902404   30912 3792170SH         X             3792170   0        0
Leucadia National Corporation       COM             527288104    3613  169845SH       OTHER     1     169,845   0        0
Leucadia National Corporation       COM             527288104   81740 3842961SH         X           3,836,076   0     6885
Lexmark International Inc.          CL A            529771107   39476 1485174SH         X             1485174   0        0
Liberty Media-Starz Group           LIB STAR COM A  53071M708   42285  481000SH         X              481000   0        0
Lowe's Companies Inc.               COM             548661107     521   18335SH       OTHER     1      18,335   0        0
Lowe's Companies Inc.               COM             548661107   62768 2207025SH         X           2,207,025   0        0
LSB Industries Inc.                 COM             502160104   23642  764850SH         X              764850   0        0
Madison Square Garden Inc.          CL A            55826P100   49835 1331074SH         X             1331074   0        0
Mantech International Corp.         COM             564563104   36264 1545131SH         X             1545131   0        0
Minerals Technologies Inc.          COM             603158106   27278  427682SH         X              427682   0        0
Montpelier Re Holdings Ltd.         SHS             G62185106   15778  741091SH         X              741091   0        0
Newmont Mining Corporation          COM             651639106   23505  484537SH         X              484537   0        0
Oshkosh Corporation                 COM             688239201   38631 1843983SH         X             1843983   0        0
Park Electrochemical Corporation    COM             700416209   15527  599969SH         X              599969   0        0
Pioneer Drilling Co.                COM             723655106   24034 3015573SH         X             3015573   0        0
Posco ADR                           ADR             693483109   27243  338677SH       OTHER     1     338,677   0        0
Posco ADR                           ADR             693483109  285176 3545203SH         X           3,514,033   0    31170
Precision Drilling Corp,            COM             74022D308   24298 3574400SH         X             3574400   0        0
Progress Software Corporation       COM             743312100   25122 1203734SH         X             1203734   0        0
Prologis Inc.                       COM             74340W103     222    6680SH         X                6680   0        0
PS Business Parks, Inc.             COM             69360J107     413    6100SH         X                6100   0        0
Resolute Forest Products, Inc.      COM NEW         76117W109    1416  122300SH         X              122300   0        0
Rofin-Sinar Technologies Inc.       COM             775043102   25936 1370103SH         X             1370103   0        0
Sanofi- Aventis ADR                 SPON ADR        80105N105     657   17385SH         X               17085   0      300
Scorpio Tankers                     COM             Y7542C106    8175 1279391SH         X             1279391   0        0
Seacor Holdings Inc.                COM             811904101   58480  654287SH         X              654287   0        0
SemGroup Corporation                COM             81663A105   48149 1507951SH         X             1507951   0        0
Sensient Technologies Corp.         COM             81725T100   28397  773141SH         X              773141   0        0
Skyline Corporation                 COM             830830105    1637  322200SH         X              322200   0        0
Stanley Furniture Company, Inc.     COM             854305208   11043 2767631SH         X             2767631   0        0
Stepan Company                      COM             858586100   18999  201733SH         X              201733   0        0
Superior Industries Int'l, Inc.     COM             868168105   35015 2138992SH         X             2138992   0        0
Sycamore Networks, Inc.             COM NEW         871206405    9207  634076SH       OTHER     1     634,076   0        0
Sycamore Networks, Inc.             COM NEW         871206405   35976 2477686SH         X           2,475,977   0     1709
Symantec Corp                       COM             871503108   22185 1518500SH         X             1518500   0        0
Tejon Ranch Co.                     COM             879080109     529   18482SH       OTHER     1      18,482   0        0
Tejon Ranch Co.                     COM             879080109   88101 3078314SH         X           3,078,314   0        0
Telefex Inc.                        COM             879369106   52290  858476SH         X              858476   0        0
Tellabs, Inc.                       COM             879664100    7030 2111042SH       OTHER     1   2,111,042   0        0
Tellabs, Inc.                       COM             879664100   7005821038393SH         X           21,012,76   0    25625
Terreno Realty Corp.                COM             88146M101     360   23800SH       OTHER     1      23,800   0        0
Terreno Realty Corp.                COM             88146M101    3658  242090SH         X             242,090   0        0
Thomas Properties Group Inc.        COM             884453101     355   65300SH       OTHER     1      65,300   0        0
Thomas Properties Group Inc.        COM             884453101   41355 7601979SH         X           7,601,979   0        0
Tidewater Inc.                      COM             886423102     983   21210SH         X               21210   0        0
UniFirst Corporation                COM             904708104   32756  513814SH         X              513814   0        0
Vail Resorts Inc.                   COM             91879Q109   54270 1083664SH         X             1083664   0        0
Vantage Drilling Co.                COM             G93205113    1875 1250000SH         X             1250000   0        0
Vornado Realty Trust                SH BEN INT      929042109     471    5611SH       OTHER     1        5611   0        0
Vornado Realty Trust                SH BEN INT      929042109   54978  654652SH         X             654,652   0        0
Westlake Chemical Corp.             COM             960413102   15289  292557SH         X              292557   0        0
Westwood Holdings Group Inc.        COM             961765104   18994  509781SH         X              509781   0        0
Weyerhaeuser Company                COM             962166104     548   24498SH       OTHER     1      24,498   0        0
Weyerhaeuser Company                COM             962166104  141664 6335606SH         X           6,326,779   0     8827
White Mtns Insurance Group          COM             G9618E107    9788   18760SH       OTHER     1      18,760   0        0
White Mtns Insurance Group          COM             G9618E107   76812  147219SH         X             147,142   0       77