13F filing recap · Q2 2017

What did Third Avenue Management buy in Q2 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

$2.25B

Positions

115

Estimated turnover

11.1%

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

FPHFive Point Holdings, LLC$36.41Mreported value+2.47M shares RSReliance, Inc.$22.91Mreported value+314.7K shares DBDeutsche Bank Aktiengesellschaft$7.12Mreported value+400.0K shares FNSRFinisar Corporation$4.74Mreported value+182.4K shares HAYNHaynes International, Inc.$4.62Mreported value+127.2K shares HZNHorizon Global Corporation$3.85Mreported value+268.1K shares PDCEPdc Energy, Inc.$3.13Mreported value+72.7K shares AMNAmn Healthcare Services, Inc.$2.88Mreported value+73.8K shares WSBCWesbanco, Inc.$2.24Mreported value+56.7K shares

Increased positions

VNOVornado Realty Trust$59.98Mreported value+39.5K shares+6.6%TRCTejon Ranch Co$45.65Mreported value+47.5K shares+2.2%TPHSTrinity Place Holdings Inc.$34.72Mreported value+53.9K shares+1.1%MACMacerich Co$29.08Mreported value+115.0K shares

Reduced positions

WYWeyerhaeuser Company$189.34Mreported value-267.5K shares-4.5%BAMBrookfield Corporation$168.28Mreported value-3.2K shares-0.1%LENLennar Corp /new/$153.03Mreported value-86.7K shares-2.9%FCE.AForest City Realty Trust, Inc.$117.32Mreported value-10.5K shares

Exited positions

TFXTeleflex Incorporated$4.46Mprior reported value-23.0K shares-100.0%MTNVail Resorts, Inc.$4.19Mprior reported value-21.8K shares-100.0%FLWS1 800 Flowers Common Inc$4.12Mprior reported value-404.0K shares-100.0%FRGIFiesta Restaurant Group Inc$2.48Mprior reported value-102.7K shares