13F filing recap · Q3 2015

What did Third Avenue Management buy in Q3 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

$3.67B

Positions

129

Estimated turnover

13.5%

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

KWKennedy-Wilson Holdings Inc$16.58Mreported value+748.0K shares VCVisteon Corporation$12.25Mreported value+121.0K shares DSWDsw Inc$5.75Mreported value+227.0K shares SBSISouthside Bancshares Inc.$5.35Mreported value+194.2K shares DSTDst Systems Inc$4.68Mreported value+44.5K shares FLOWSpx Flow Inc$4.65Mreported value+135.1K shares NBLNoble Energy, Inc.$3.69Mreported value+122.2K shares CZZCosan Ltd$2.92Mreported value+1.01M shares IUSViShares Trust$2.00Mreported value+16.5K shares SPYSPDR S&P 500 ETF Trust$2.00Mreported value+10.4K shares CTTCatchmark Timber Trust, Inc.$1.63Mreported value+158.9K shares SPXCSpx Technologies, Inc.$990.0Kreported value+83.0K shares WMIHWmih Corp (mr. Cooper Group Inc.)$765.0Kreported value+296.4K shares

Increased positions

WYWeyerhaeuser Company$322.75Mreported value+735.7K shares+6.6%FCE.AForest City Enterprises, Inc.$163.09Mreported value+537.1K shares+7.1%FRFirst Industrial Realty Trust, Inc.$157.72Mreported value+912.7K shares+13.8%MACMacerich Co$150.06Mreported value+237.2K shares

Reduced positions

BNYThe Bank of New York Mellon Corporation$123.58Mreported value-193.8K shares-5.8%CMAComerica Inc$106.50Mreported value-381.8K shares-12.8%CVCOCavco Industries, Inc.$94.49Mreported value-38.6K shares-2.7%AGCOAgco Corp /de$85.67Mreported value-66.0K shares

Exited positions

ROSERosetta Resources Inc.$6.62Mprior reported value-286.0K shares-100.0%ATUActuant Corporation$5.95Mprior reported value-257.9K shares-100.0%SXCSuncoke Energy, Inc.$5.48Mprior reported value-421.2K shares-100.0%CKHSeacor Holdings Inc.$4.55Mprior reported value-64.1K shares