Third Avenue Management

Third Avenue Management as of Dec. 31, 2013

Portfolio Holdings for Third Avenue Management

Third Avenue Management holds 170 positions in its portfolio as reported in the December 2013 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Weyerhaeuser Company (WY) 4.8 $259M 8.2M 31.57
Bank of New York Mellon Corporation (BK) 4.6 $249M 7.1M 34.94
Brookfield Asset Management 3.8 $205M 5.3M 38.83
Pos (PKX) 3.6 $198M 2.5M 78.00
Devon Energy Corporation (DVN) 3.5 $193M 3.1M 61.87
Leucadia National 3.1 $167M 5.9M 28.34
White Mountains Insurance Gp (WTM) 3.0 $166M 275k 603.08
Key (KEY) 2.8 $151M 11M 13.42
Forest City Enterprises 2.5 $135M 7.1M 19.10
Cavco Industries (CVCO) 2.2 $121M 2.0M 60.45
Covanta Holding Corporation 2.1 $118M 6.6M 17.75
Comerica Incorporated (CMA) 2.1 $115M 2.4M 47.54
Apache Corporation 1.7 $94M 1.1M 85.94
Lowe's Companies (LOW) 1.7 $91M 1.8M 49.54
Tejon Ranch Company (TRC) 1.6 $87M 2.4M 36.78
Intel Corporation (INTC) 1.6 $84M 3.3M 25.96
Alleghany Corporation 1.6 $85M 212k 399.95
First Industrial Realty Trust (FR) 1.4 $76M 4.3M 17.46
Encana Corp 1.2 $66M 3.7M 18.05
Post Properties 1.2 $66M 1.5M 45.19
Semgroup Corp cl a 1.1 $59M 900k 65.23
Emcor (EME) 1.1 $58M 1.4M 42.44
Vornado Realty Trust (VNO) 1.1 $59M 660k 88.71
NVIDIA Corporation (NVDA) 1.0 $57M 3.5M 16.02
HCC Insurance Holdings 1.0 $57M 1.2M 46.14
Parkway Properties 1.0 $56M 2.9M 19.27
Axiall 1.0 $56M 1.2M 47.44
Brookdale Senior Living (BKD) 0.9 $52M 1.9M 27.19
Electronics For Imaging 0.9 $51M 1.3M 38.73
Tanger Factory Outlet Centers (SKT) 0.9 $47M 1.5M 31.99
Progress Software Corporation (PRGS) 0.8 $46M 1.8M 25.83
Symantec Corporation 0.8 $46M 2.0M 23.58
Arch Capital Group (ACGL) 0.8 $46M 776k 59.69
LSB Industries (LXU) 0.8 $46M 1.1M 41.02
Rofin-Sinar Technologies 0.8 $46M 1.7M 27.02
UniFirst Corporation (UNF) 0.8 $46M 427k 107.00
Liberty Media 0.8 $44M 303k 146.45
Compass Minerals International (CMP) 0.8 $44M 548k 80.05
Sensient Technologies Corporation (SXT) 0.8 $42M 867k 48.52
EnerSys (ENS) 0.8 $42M 602k 70.09
Kennametal (KMT) 0.8 $42M 801k 52.07
Stepan Company (SCL) 0.7 $41M 617k 65.63
Seacor Holdings 0.7 $40M 436k 91.20
Tetra Tech (TTEK) 0.7 $40M 1.4M 27.98
ICF International (ICFI) 0.7 $39M 1.1M 34.71
Legg Mason 0.7 $37M 856k 43.48
Minerals Technologies (MTX) 0.7 $37M 622k 60.07
Cal-Maine Foods (CALM) 0.7 $36M 596k 60.23
Hersha Hospitality Trust 0.7 $35M 6.3M 5.58
Susser Holdings Corporation 0.7 $35M 538k 65.49
Teleflex Incorporated (TFX) 0.6 $35M 370k 93.86
Kaiser Aluminum (KALU) 0.6 $33M 468k 70.24
P.H. Glatfelter Company 0.6 $33M 1.2M 27.64
CommonWealth REIT 0.6 $32M 1.4M 23.31
Alamo (ALG) 0.6 $30M 491k 60.69
Kinross Gold Corp (KGC) 0.6 $30M 6.8M 4.38
ABM Industries (ABM) 0.5 $30M 1.0M 28.59
Insight Enterprises (NSIT) 0.5 $29M 1.3M 22.71
Syntel 0.5 $29M 318k 90.95
CSG Systems International (CSGS) 0.5 $28M 953k 29.40
Suncoke Energy (SXC) 0.5 $28M 1.2M 22.81
Precision Drilling Corporation 0.5 $27M 2.8M 9.36
Darling International (DAR) 0.5 $26M 1.2M 20.88
World Fuel Services Corporation (WKC) 0.5 $26M 598k 43.16
UMB Financial Corporation (UMBF) 0.5 $26M 400k 64.28
Westwood Holdings (WHG) 0.5 $26M 415k 61.91
ManTech International Corporation 0.5 $25M 844k 29.93
Encore Wire Corporation (WIRE) 0.5 $25M 466k 54.20
Allscripts Healthcare Solutions (MDRX) 0.4 $24M 1.5M 15.46
Hyatt Hotels Corporation (H) 0.4 $24M 489k 49.47
Bristow 0.4 $24M 315k 75.06
Wts/the Pnc Financial Services Grp wts 0.4 $23M 1.3M 17.75
InterDigital (IDCC) 0.4 $23M 782k 29.49
City National Corporation 0.4 $22M 283k 79.22
Oshkosh Corporation (OSK) 0.4 $22M 445k 50.38
Newmont Mining Corporation (NEM) 0.4 $22M 948k 23.03
Vail Resorts (MTN) 0.4 $22M 288k 75.23
Madison Square Garden 0.4 $21M 367k 57.58
Blucora 0.4 $21M 724k 29.16
Cubic Corporation 0.4 $21M 398k 52.66
FTI Consulting (FCN) 0.4 $20M 486k 41.14
AVX Corporation 0.4 $20M 1.4M 13.93
VCA Antech 0.4 $20M 637k 31.36
Commerce Bancshares (CBSH) 0.4 $20M 437k 44.91
Consolidated-Tomoka Land 0.4 $20M 541k 36.27
Big Lots (BIGGQ) 0.3 $18M 571k 32.29
Orbital Sciences 0.3 $18M 778k 23.30
Cst Brands 0.3 $18M 494k 36.72
Cullen/Frost Bankers (CFR) 0.3 $17M 230k 74.43
Broadridge Financial Solutions (BR) 0.3 $16M 393k 39.52
Wts Wells Fargo & Co. 0.3 $15M 941k 15.83
Valley National Ban (VLY) 0.3 $14M 1.4M 10.12
American Homes 4 Rent-a reit (AMH) 0.3 $14M 881k 16.20
Ingram Micro 0.2 $14M 585k 23.46
Insteel Industries (IIIN) 0.2 $14M 598k 22.73
Cloud Peak Energy 0.2 $14M 749k 18.00
Ali (ALCO) 0.2 $13M 343k 38.87
BlackRock Credit All Inc Trust IV (BTZ) 0.2 $13M 1.0M 13.06
Era 0.2 $13M 432k 30.86
J&J Snack Foods (JJSF) 0.2 $12M 138k 88.59
Excel Trust 0.2 $12M 1.0M 11.39
Cass Information Systems (CASS) 0.2 $11M 168k 67.35
Ascena Retail 0.2 $10M 477k 21.16
Starz - Liberty Capital 0.2 $10M 355k 29.24
First Tr High Income L/s (FSD) 0.2 $10M 580k 17.22
General Motors Company (GM) 0.2 $9.1M 222k 40.87
Pioneer Energy Services 0.2 $8.5M 1.1M 8.01
Capital Southwest Corporation (CSWC) 0.1 $7.9M 227k 34.87
Radio One 0.1 $7.5M 2.0M 3.79
Myriad Genetics (MYGN) 0.1 $6.9M 328k 20.98
American Eagle Outfitters (AEO) 0.1 $5.9M 408k 14.40
AK Steel Holding Corporation 0.1 $5.8M 711k 8.20
Ares Dynamic Cr Allocation (ARDC) 0.1 $5.8M 323k 17.98
Weight Watchers International 0.1 $5.4M 165k 32.93
Kelly Services (KELYA) 0.1 $5.6M 225k 24.94
Allied Nevada Gold 0.1 $5.4M 1.5M 3.55
DWS Dreman Value Income Edge Fund 0.1 $5.7M 394k 14.40
Electro Scientific Industries 0.1 $5.0M 477k 10.46
Noranda Aluminum Holding Corporation 0.1 $4.9M 1.5M 3.29
Lehman Brothers First Trust IOF (NHS) 0.1 $4.7M 358k 13.26
Resolute Fst Prods In 0.1 $5.1M 316k 16.02
Barrick Gold Corp (GOLD) 0.1 $4.4M 249k 17.61
First Potomac Realty Trust 0.1 $4.2M 359k 11.63
Cowen 0.1 $3.6M 913k 3.91
BlackRock Corporate High Yield Fund VI (HYT) 0.1 $4.0M 333k 12.17
New America High Income Fund I (HYB) 0.1 $4.0M 410k 9.65
Western Asset Managed High Incm Fnd 0.1 $3.8M 669k 5.66
Western Asset Hgh Yld Dfnd (HYI) 0.1 $3.8M 216k 17.71
Pimco Dynamic Credit Income other 0.1 $4.0M 179k 22.48
Bel Fuse (BELFB) 0.1 $3.3M 156k 21.31
Chiquita Brands International 0.1 $2.9M 244k 11.70
Chesapeake Energy Corporation 0.1 $2.7M 100k 27.14
Tredegar Corporation (TG) 0.1 $2.9M 100k 28.81
Vantage Drilling Company ord (VTGDF) 0.1 $2.6M 1.4M 1.84
Comerica Inc *w exp 11/14/201 0.1 $2.5M 130k 19.05
First Trust Strategic 0.1 $2.8M 177k 16.05
Quicksilver Resources 0.0 $2.0M 650k 3.07
Walter Energy 0.0 $2.1M 125k 16.63
Terreno Realty Corporation (TRNO) 0.0 $2.1M 121k 17.70
Wells Fargo Adv Inc Opport Fund (EAD) 0.0 $2.1M 234k 9.18
Prudential Gl Sh Dur Hi Yld 0.0 $2.2M 125k 17.35
Tejon Ranch Co *w Exp 08/31/2016 warrants & rights 0.0 $2.0M 372k 5.35
Rayonier (RYN) 0.0 $1.7M 41k 42.68
Teck Resources Ltd cl b (TECK) 0.0 $1.7M 68k 24.61
Alexander's (ALX) 0.0 $1.7M 5.0k 330.00
MFS Intermediate High Income Fund (CIF) 0.0 $1.5M 525k 2.89
Babson Cap Glb Sht Durhgh Yl 0.0 $1.9M 81k 23.02
American Residential Pptys I 0.0 $1.7M 100k 17.16
Usec Inc note 3.000%10/0 0.0 $1.3M 4.0M 0.33
Sanofi-Aventis SA (SNY) 0.0 $864k 16k 53.65
Cedar Shopping Centers 0.0 $833k 133k 6.26
Cooper Tire & Rubber Company 0.0 $962k 40k 24.05
Western Asst High Incm Opprtnty Fnd (HIO) 0.0 $1.1M 179k 5.93
Trust Spanish (SBSAA) 0.0 $1.3M 383k 3.35
SELECT INCOME REIT COM SH BEN int 0.0 $1.1M 40k 26.75
Cenovus Energy (CVE) 0.0 $550k 19k 28.65
PS Business Parks 0.0 $466k 6.1k 76.39
Eldorado Gold Corp 0.0 $342k 60k 5.67
Iamgold Corp (IAG) 0.0 $529k 159k 3.33
Stanley Furniture 0.0 $364k 95k 3.84
Kimco Realty Corporation (KIM) 0.0 $514k 26k 19.74
Yamana Gold 0.0 $585k 68k 8.62
Capital One Financial Cor w exp 11/201 0.0 $532k 15k 35.47
Acadia Realty Trust (AKR) 0.0 $497k 20k 24.85
Prologis (PLD) 0.0 $328k 8.9k 36.94
Brookfield Ppty Partners L P unit ltd partn 0.0 $532k 27k 19.93
Ing U S 0.0 $703k 20k 35.15
Annaly Capital Management 0.0 $132k 13k 9.99
First Niagara Financial 0.0 $109k 10k 10.61
Capstead Mortgage Corporation 0.0 $151k 13k 12.08