13F filing recap · Q2 2015

What did Third Avenue Management buy in Q2 2015?

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

$3.97B

Positions

129

Estimated turnover

15.4%

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

MASMasco Corporation$45.84Mreported value+1.72M shares EPEEUREp Energy Corp$4.18Mreported value+328.4K shares FLWS1 800 Flowers Common Inc$3.62Mreported value+346.4K shares ANIPAni Pharmaceuticals, Inc$3.21Mreported value+51.8K shares CNHCnh Industrial N.v.$3.02Mreported value+325.2K shares NORNQNoranda Aluminum Holding Corp$1.98Mreported value+2.33M shares FPOFirst Potomac Realty Trust$1.49Mreported value+145.0K shares AMDAdvanced Micro Devices Inc$600.0Kreported value+250.0K shares

Increased positions

WYWeyerhaeuser Company$348.69Mreported value+904.4K shares+8.9%FCE.AForest City Enterprises, Inc.$167.18Mreported value+900.8K shares+13.5%BAMBrookfield Corporation$144.71Mreported value+1.28M shares+45.0%RYNRayonier Inc.$132.51Mreported value+1.79M shares

Reduced positions

CMAComerica Inc$152.58Mreported value-173.5K shares-5.5%BNYThe Bank of New York Mellon Corporation$140.62Mreported value-322.3K shares-8.8%AGCOAgco Corp /de$108.06Mreported value-12.9K shares-0.7%CVCOCavco Industries, Inc.$107.61Mreported value-114.2K shares

Exited positions

SWAYInvitation Homes Inc.$68.27Mprior reported value-2.64M shares-100.0%ACGLArch Capital Group Ltd.$6.38Mprior reported value-103.5K shares-100.0%CLHClean Harbors, Inc$4.47Mprior reported value-78.7K shares-100.0%ASNAAscena Retail Group Inc$4.05Mprior reported value-279.2K shares