13F filing recap · Q4 2013

What did Third Avenue Management buy in Q4 2013?

Reported stock-position changes between this filing and the previous one. US-listed stocks across every Third Avenue account, including accounts that belong to no fund below.

Stock value

$5.46B

Positions

170

Estimated turnover

18.5%

Turnover is a proxy: verified trade-origin share changes valued at period-end and divided by average reported stock value. SEC holdings reports do not disclose execution dates or prices. Corporate actions and unreconciled activity are excluded.

New positions

PKYParkway Properties, Inc.$56.23Mreported value+2.91M shares LMLegg Mason Inc$37.20Mreported value+855.5K shares CSGSCsg Systems International Inc$28.02Mreported value+953.2K shares SXCSuncoke Energy, Inc.$28.02Mreported value+1.23M shares WKCWorld Kinect Corporation$25.81Mreported value+598.0K shares IDCCInterdigital, Inc.$23.05Mreported value+781.6K shares WOOFVca Antech Inc$19.97Mreported value+636.7K shares AMHAmerican Homes 4 Rent$14.27Mreported value+880.7K shares UONEKUrban One, Inc.$7.51Mreported value+1.98M shares MYGNMyriad Genetics, Inc.$6.89Mreported value+328.3K shares ARDCAres Dynamic Credit Allocation Fund, Inc.$5.80Mreported value+322.9K shares NORNQNoranda Aluminum Holding Corp$4.93Mreported value+1.50M shares ABXBarrick Mining Corp$4.39Mreported value+249.4K shares HYTBlackrock Corporate High Yield Fund, Inc.$4.05Mreported value+332.7K shares 1JFDPimco Dynamic Credit & Mortgage Income Fund$4.03Mreported value+179.2K shares TGTredegar Corp.$2.87Mreported value+99.5K shares KWKQuicksilver Resources Inc.$2.00Mreported value+650.0K shares BGHBarings Global Short Duration High Yield Fund$1.87Mreported value+81.3K shares RYNRayonier Inc.$1.72Mreported value+40.8K shares TECKTeck Resources Limited$1.66Mreported value+67.6K shares USUUsec Inc$1.33Mreported value+4.00M shares CTBCooper Tire & Rubber Company$962.0Kreported value+40.0K shares VOYAVoya Financial, Inc.$703.0Kreported value+20.0K shares

Increased positions

LUKLeucadia National Corporation$167.28Mreported value+264.8K shares+4.7%WTMWhite Mountains Insurance Group, Ltd$165.74Mreported value+4.0K shares+1.5%CMAComerica Inc$115.00Mreported value+18.4K shares+0.8%OVVOvintiv Inc.$66.08Mreported value+379.2K shares

Reduced positions

WYWeyerhaeuser Company$259.36Mreported value-12.3K shares-0.1%BNYThe Bank of New York Mellon Corporation$248.68Mreported value-499.5K shares-6.6%BAMBrookfield Corporation$204.99Mreported value-235.1K shares-4.3%PKXPosco Holdings Inc.$198.31Mreported value-155.9K shares

Exited positions

TLABTellabs Inc$82.88Mprior reported value-36.51M shares-100.0%TPGIThomas Properties Group Inc.$51.33Mprior reported value-7.64M shares-100.0%JOSBJos. A. Bank Clothiers, Inc.$11.92Mprior reported value-271.1K shares-100.0%PKEPark Aerospace Corp.$10.68Mprior reported value-372.8K shares