13F filing recap · Q1 2017

What did Third Avenue Management buy in Q1 2017?

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

$2.19B

Positions

112

Estimated turnover

12.9%

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

EOGEog Resources, Inc.$15.30Mreported value+156.9K shares AVTAvnet, Inc.$13.01Mreported value+284.3K shares PLABPhotronics, Inc.$3.64Mreported value+340.6K shares TPHTri Pointe Group Inc$2.60Mreported value+207.7K shares CORECore-Mark Holding Co Inc$2.31Mreported value+74.0K shares CDRCedar Realty Trust, Inc.$882.0Kreported value+175.7K shares

Increased positions

LENLennar Corp /new/$151.35Mreported value+4.8K shares+0.2%BNYThe Bank of New York Mellon Corporation$83.51Mreported value+8.7K shares+0.5%WTMWhite Mountains Insurance Group, Ltd$56.65Mreported value+295 shares+0.5%TPHSTrinity Place Holdings Inc.$35.30Mreported value+610.0K shares

Reduced positions

WYWeyerhaeuser Company$201.14Mreported value-93.8K shares-1.6%BAMBrookfield Corporation$156.60Mreported value-4.1K shares-0.1%FCE.AForest City Realty Trust, Inc.$105.95Mreported value-2.7K shares-0.1%PNCThe Pnc Financial Services Group, Inc.$67.23Mreported value-73.2K shares

Exited positions

HARHarman International Industries Inc.$43.93Mprior reported value-395.2K shares-100.0%AGCOAgco Corp /de$21.68Mprior reported value-374.7K shares-100.0%APAApa Corporation$16.33Mprior reported value-257.3K shares-100.0%WCICWci Communities Inc$10.15Mprior reported value-433.0K shares