13F filing recap · Q3 2017

What did Third Avenue Management buy in Q3 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

$2.22B

Positions

110

Estimated turnover

14.4%

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

KIMKimco Realty Corporation$21.12Mreported value+1.08M shares TDWTidewater Inc$18.45Mreported value+634.4K shares JBGSJbg Smith Properties$10.93Mreported value+319.4K shares

Increased positions

BAMBrookfield Corporation$177.62Mreported value+8.9K shares+0.2%FCE.AForest City Realty Trust, Inc.$123.98Mreported value+6.2K shares+0.1%RYNRayonier Inc.$97.14Mreported value+3.7K shares+0.1%FRFirst Industrial Realty Trust, Inc.$53.88Mreported value+3.5K shares

Reduced positions

WYWeyerhaeuser Company$191.78Mreported value-16.2K shares-0.3%LENLennar Corp /new/$151.50Mreported value-751 shares-0.0%BNYThe Bank of New York Mellon Corporation$82.20Mreported value-212.1K shares-12.0%PNCThe Pnc Financial Services Group, Inc.$65.45Mreported value-73.2K shares

Exited positions

BKDBrookdale Senior Living Inc.$30.37Mprior reported value-2.06M shares-100.0%WOOFVca Antech Inc$5.28Mprior reported value-57.2K shares-100.0%GIIIG III Apparel Group Ltd /de/$4.86Mprior reported value-194.7K shares-100.0%DSWDsw Inc$4.40Mprior reported value-248.4K shares