13F filing recap · Q4 2016

What did Third Avenue Management buy in Q4 2016?

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

$2.21B

Positions

114

Estimated turnover

25.2%

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, Inc.$23.24Mreported value+1.04M shares CERNCerner Corporation$19.36Mreported value+408.7K shares KFYKorn Ferry$3.69Mreported value+125.5K shares TNETTrinet Group, Inc.$3.29Mreported value+128.6K shares BMCHBmc Stock Holdings Inc$2.75Mreported value+141.0K shares NXQuanex Building Products Corporation$1.59Mreported value+78.3K shares SYNASynaptics Incorporated$847.0Kreported value+15.8K shares LEN.BLennar Corp /new/$392.0Kreported value+11.4K shares

Increased positions

LENLennar Corp /new/$126.73Mreported value+1.97M shares+199.9%TPHSTrinity Place Holdings Inc.$39.11Mreported value+4.21M shares+33044.9%AMGNAmgen Inc.$30.74Mreported value+76.0K shares+56.6%JCIJohnson Controls International Plc$29.48Mreported value+10.0K shares

Reduced positions

WYWeyerhaeuser Company$180.94Mreported value-31.0K shares-0.5%BAMBrookfield Corporation$141.91Mreported value-100.6K shares-2.3%FCE.AForest City Realty Trust, Inc.$101.43Mreported value-186.3K shares-3.7%RYNRayonier Inc.$91.83Mreported value-144.1K shares

Exited positions

IMIngram Micro Inc.$3.95Mprior reported value-110.7K shares-100.0%CSTCst Brands Inc$2.91Mprior reported value-60.5K shares-100.0%FLOWSpx Flow Inc$2.09Mprior reported value-67.6K shares-100.0%WMIHWmih Corp (mr. Cooper Group Inc.)$507.0Kprior reported value-216.7K shares