Third Avenue Management 13F-HR Quarterly holdings report by institutional manager

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

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COLUMN 1	COLUMN 2	COLUMN 3	COLUMN 4	COLUMN 5			COLUMN 6	COLUMN 7	COLUMN 8
			VALUE	SHRS OR	SH/	PUT/	INVESTMENT	OTHER	VOTING AUTHORITY
NAME OF ISSUER	TITLE OF CLASS	CUSIP	(x$1000)	PRN AMT	PRN	CALL	DISCRETION	MANAGER	SOLE	SHARED	NONE
1-800-Flowers.com Inc.	CL A	68243Q106	5,302	587,823	SH		SOLE	0	587,823	0	0
ABM Industries Inc	COM	000957100	3,766	103,224	SH		SOLE	0	103,224	0	0
AGCO Corp	COM	001084102	32,658	692,928	SH		SOLE	0	692,928	0	0
Alamo Group, Inc.	COM	011311107	6,788	102,902	SH		SOLE	0	102,902	0	0
Alico, Inc.	COM	016230104	3,924	129,733	SH		SOLE	0	129,733	0	0
Alleghany Corp.	COM	017175100	45,602	82,977	SH		SOLE	0	82,977	0	0
Allscripts Healthcare Solutions, Inc.	COM	01988P108	2,595	204,351	SH		SOLE	0	204,351	0	0
Amgen Inc.	COM	031162100	20,638	135,642	SH		SOLE	0	135,642	0	0
Ani Pharmaceuticals Inc.	COM	00182C103	2,794	50,053	SH		SOLE	0	50,053	0	0
Anixter International Inc.	COM	035290105	37,871	710,789	SH		SOLE	0	710,789	0	0
Apache Corp	COM	037411105	29,174	524,055	SH		SOLE	0	524,055	0	0
Arcos Dorados Holdings, Inc.	SHS CL A	G0457F107	7,706	1,615,590	SH		SOLE	0	1,615,590	0	0
Bank of New York Mellon Corp.	COM	064058100	79,784	2,053,648	SH		SOLE	0	2,053,648	0	0
Barnes Group Inc.	COM	067806109	3,372	101,821	SH		SOLE	0	101,821	0	0
Broadridge Financial Solutions Inc.	COM	11133T103	3,642	55,866	SH		SOLE	0	55,866	0	0
Brookdale Senior Living Inc.	COM	112463104	37,433	2,424,394	SH		SOLE	0	2,424,394	0	0
Brookfield Asset Mgmt. CL A	CL A LTD VT SH	112585104	151,795	4,590,109	SH		SOLE	0	4,590,109	0	0
Cambrex Corp.	COM	132011107	3,967	76,681	SH		SOLE	0	76,681	0	0
Capital Southwest	COM	140501107	2,055	150,348	SH		SOLE	0	150,348	0	0
Carrizo Oil & Gas Inc.	COM	144577103	1,681	46,900	SH		SOLE	0	46,900	0	0
Catchmark Timber Trust Inc.	REIT	14912Y202	1,246	102,000	SH		SOLE	0	102,000	0	0
Cavco Industries, Inc.	COM	149568107	44,763	477,727	SH		SOLE	0	477,727	0	0
CBS Corporation	CL B	124857202	45,493	835,662	SH		SOLE	0	835,662	0	0
Century Communities Inc.	COM	156504300	2,080	119,974	SH		SOLE	0	119,974	0	0
Circor International Inc.	COM	17273K109	2,269	39,819	SH		SOLE	0	39,819	0	0
CNH Industrial NV	COM	N20944109	3,841	537,178	SH		SOLE	0	537,178	0	0
Comerica Inc 2018 Warrants	W EXP 11/14/2018	200340115	1,170	90,000	SH		SOLE	0	90,000	0	0
Comerica Inc.	COM	200340107	80,329	1,953,051	SH		SOLE	0	1,953,051	0	0
Commerce Bancshares, Inc	COM	200525103	8,485	177,138	SH		SOLE	0	177,138	0	0
Cosan Ltd.	CL A	G25343107	5,873	902,110	SH		SOLE	0	902,110	0	0
Covanta Holding Corporation	COM	22282E102	36,383	2,211,720	SH		SOLE	0	2,211,720	0	0
CSG Systems International, Inc.	COM	126349109	2,720	67,467	SH		SOLE	0	67,467	0	0
CST Brands, Inc	COM	12646R105	4,199	97,481	SH		SOLE	0	97,481	0	0
CSW Industrials Inc.	COM	126402106	4,903	150,348	SH		SOLE	0	150,348	0	0
Cubic, Corp.	COM	229669106	6,917	172,224	SH		SOLE	0	172,224	0	0
Cullen Frost Bankers, Inc.	COM	229899109	5,246	82,323	SH		SOLE	0	82,323	0	0
Devon Energy Corp.	COM	25179M103	36,373	1,003,389	SH		SOLE	0	1,003,389	0	0
Dorman Products, Inc.	COM	258278100	5,702	99,690	SH		SOLE	0	99,690	0	0
DST Systems	COM	233326107	5,190	44,573	SH		SOLE	0	44,573	0	0
DSW Inc.	CL A	23334L102	4,480	211,534	SH		SOLE	0	211,534	0	0
EMCOR Group, Inc.	COM	29084Q100	6,265	127,187	SH		SOLE	0	127,187	0	0
EnerSys	COM	29275Y102	2,135	35,906	SH		SOLE	0	35,906	0	0
Fiesta Restaurant Group, Inc.	COM	31660B101	2,495	114,406	SH		SOLE	0	114,406	0	0
First Industrial Realty Trust, Inc.	COM	32054K103	85,959	3,089,843	SH		SOLE	0	3,089,843	0	0
First Potomac Realty Trust	COM	33610F109	1,075	116,900	SH		SOLE	0	116,900	0	0
FNF Group	COM	31620R303	28,061	748,300	SH		SOLE	0	748,300	0	0
Forest City Enterprises Inc. CL A	CL A	345605109	121,021	5,424,508	SH		SOLE	0	5,424,508	0	0
Forest City Enterprises Inc. CL B	CL B CONV	345605208	16	702	SH		SOLE	0	702	0	0
FTI Consulting Inc.	COM	302941109	7,876	193,597	SH		SOLE	0	193,597	0	0
General Motors Co.	COM	37045V100	19,012	671,819	SH		SOLE	0	671,819	0	0
Genpact Ltd.	COM	G3922B107	5,588	208,196	SH		SOLE	0	208,196	0	0
G-III Apparel Group Ltd.	COM	36237H101	4,085	89,353	SH		SOLE	0	89,353	0	0
Glatfelter P. H. Co.	COM	377316104	911	46,589	SH		SOLE	0	46,589	0	0
Harman International Industries, Inc.	COM	413086109	28,779	400,716	SH		SOLE	0	400,716	0	0
ICF International, Inc.	COM	44925C103	7,817	191,129	SH		SOLE	0	191,129	0	0
Ingram Micro Inc.	CL A	457153104	3,849	110,658	SH		SOLE	0	110,658	0	0
Insight Enterprises, Inc.	COM	45765U103	5,733	220,515	SH		SOLE	0	220,515	0	0
Interface Inc.	COM	458665304	3,803	249,370	SH		SOLE	0	249,370	0	0
Johnson Controls Inc.	COM	478366107	26,753	604,458	SH		SOLE	0	604,458	0	0
Kaiser Aluminum Corp.	COM PAR $0.01	483007704	4,354	48,157	SH		SOLE	0	48,157	0	0
Kennedy-Wilson Holdings Inc.	COM	489398107	26,137	1,378,512	SH		SOLE	0	1,378,512	0	0
Keycorp	COM	493267108	15,960	1,444,346	SH		SOLE	0	1,444,346	0	0
Kirby Corporation	COM	497266106	5,561	89,134	SH		SOLE	0	89,134	0	0
Legg Mason Inc.	COM	524901105	3,080	104,455	SH		SOLE	0	104,455	0	0
Lennar Corp.	CL A	526057104	49,032	1,063,600	SH		SOLE	0	1,063,600	0	0
Leucadia National Corporation	COM	527288104	3,943	227,515	SH		SOLE	0	227,515	0	0
Livanova PLC	COM	G5509L101	13,460	267,977	SH		SOLE	0	267,977	0	0
Lowe's Companies Inc.	COM	548661107	50,036	632,011	SH		SOLE	0	632,011	0	0
Masco Corp.	COM	574599106	30,647	990,521	SH		SOLE	0	990,521	0	0
Multi-Color Corporation	COM	625383104	8,212	129,533	SH		SOLE	0	129,533	0	0
MYR Group Inc.	COM	55405W104	2,801	116,310	SH		SOLE	0	116,310	0	0
Netscout Systems Inc.	COM	64115T104	6,014	270,281	SH		SOLE	0	270,281	0	0
NEXPOINT RESIDNL TR	EQUITY	65341D102	455	25,000	SH		SOLE	0	25,000	0	0
Patterson Companies Inc	COM	703395103	5,236	109,335	SH		SOLE	0	109,335	0	0
PNC Financial Corp	COM	693475105	52,341	643,084	SH		SOLE	0	643,084	0	0
PNC Financial Services Group 2018 Warrants	W EXP 12/31/2018	693475121	42,718	2,452,249	SH		SOLE	0	2,452,249	0	0
Progress Software Corporation	COM	743312100	3,098	112,816	SH		SOLE	0	112,816	0	0
Prosperity Bancshares Inc.	COM	743606105	5,219	102,362	SH		SOLE	0	102,362	0	0
Radio One Inc Cl D	CL D NON VTG	75040P405	6,788	2,127,789	SH		SOLE	0	2,127,789	0	0
Ralph Lauren Corp.	CL A	751212101	24,630	274,832	SH		SOLE	0	274,832	0	0
Rayonier Inc.	COM	754907103	101,931	3,884,570	SH		SOLE	0	3,884,570	0	0
Seaboard Corp.	COM	811543107	2,578	898	SH		SOLE	0	898	0	0
SemGroup Corporation - CL A	CL A	81663A105	3,695	113,491	SH		SOLE	0	113,491	0	0
Shire Plc - ADR	ADR	82481R106	8,806	47,840	SH		SOLE	0	47,840	0	0
Southside Bancshares Inc.	COM	84470P109	6,880	222,515	SH		SOLE	0	222,515	0	0
Spanish Broadcasting System, Inc	CL A	846425833	2,277	639,603	SH		SOLE	0	639,603	0	0
SPX Flow Inc.	COM	78469X107	1,763	67,624	SH		SOLE	0	67,624	0	0
Standard Motor Products, Inc.	COM	853666105	6,121	153,870	SH		SOLE	0	153,870	0	0
Syntel, Inc.	COM	87162H103	5,327	117,688	SH		SOLE	0	117,688	0	0
Tanger Factory Outlet Centers, Inc	COM	875465106	3,526	87,762	SH		SOLE	0	87,762	0	0
Tejon Ranch Co.	COM	879080109	53,177	2,249,464	SH		SOLE	0	2,249,464	0	0
Tejon Ranch Co. WTS EXP 08/31/2016	W EXP 08/31/2016	879080133	0	352,189	SH		SOLE	0	352,189	0	0
Telefex Inc.	COM	879369106	6,160	34,743	SH		SOLE	0	34,743	0	0
Tetra Tech, Inc.	COM	88162G103	4,607	149,836	SH		SOLE	0	149,836	0	0
The Macerich Company	COM	554382101	90,061	1,054,701	SH		SOLE	0	1,054,701	0	0
Total Fina ELF S A ADR	ADR	89151E109	135	2,807	SH		SOLE	0	2,807	0	0
Trinity Place Holdings	COM	89656D101	98	12,729	SH		SOLE	0	12,729	0	0
UCP Inc. - Class A	CL A	90265Y106	2,246	280,000	SH		SOLE	0	280,000	0	0
UMB Financial Corporation	COM	902788108	7,554	141,973	SH		SOLE	0	141,973	0	0
UniFirst Corporation	COM	904708104	4,543	39,261	SH		SOLE	0	39,261	0	0
Vail Resorts Inc.	COM	91879Q109	4,416	31,948	SH		SOLE	0	31,948	0	0
Valley National Bancorp	COM	919794107	6,630	726,953	SH		SOLE	0	726,953	0	0
Valmont Industries	COM	920253101	497	3,675	SH		SOLE	0	3,675	0	0
VCA Antech Inc.	COM	918194101	6,324	93,539	SH		SOLE	0	93,539	0	0
Viad Corp.	COM	92552R406	6,071	195,838	SH		SOLE	0	195,838	0	0
Visteon Corp.	COM	92839U206	8,507	129,268	SH		SOLE	0	129,268	0	0
Vodafone Group Plc - ADR	ADR	92857W308	86	2,770	SH		SOLE	0	2,770	0	0
Vornado Realty Trust	SH BEN INT	929042109	73,369	732,814	SH		SOLE	0	732,814	0	0
WCI Communities Inc.	COM	92923C807	8,875	525,154	SH		SOLE	0	525,154	0	0
Weyerhaeuser Company	COM	962166104	196,786	6,610,196	SH		SOLE	0	6,610,196	0	0
White Mountains Insurance Group	COM	G9618E107	57,584	68,390	SH		SOLE	0	68,390	0	0
WMI Holdings Corp.	COM	92936P100	617	277,706	SH		SOLE	0	277,706	0	0
World Fuel Services Corp	COM	981475106	5,855	123,282	SH		SOLE	0	123,282	0	0
Zions Bancorporation	COM	989701107	51,483	2,048,658	SH		SOLE	0	2,048,658	0	0