13F-HR/A 1 tam092005a.txt FORM 13F UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F-HR Form 13F-HR COVER PAGE Report for the Calendar Year or Quarter Ended: September 30, 2005 Check here if Amendment: |x|; Amendment Number: 1 This Amendment (Check only one): |x| is a restatement. |_| adds new holdings entries. Institutional Investment Manager Filing this Report: Name: Third Avenue Management LLC Address: 622 Third Avenue, 32nd Floor New York, NY 10017 Form 13F File Number: 028-5110 The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: Willard James Hall Title: General Counsel Phone: 212-888-2290 Signature, Place, and Date of Signing: Willard James Hall New York, New York November 21, 2005 Report Type (Check one only): [x] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.) [ ] 13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).) [ ] 13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).) Form 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 Form 13F Information Table Entry Total: 182 Form 13F Information Table Value Total: $9,382,052 (thousands) List of Other Included Managers: Provide a numbered list of the name(s) and Form 13F file nember(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report. [If there are no entries in this list, state "NONE" and omit the column headings and list entries.] NONE FORM 13F INFORMATION TABLE

COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5COLUMN 6 COLUMN 7 COLUMN 8 ------------------- -------- -------- -------- ------------------------ ------ ------------------- INVESTMENT VOTING AUTHORITY DISCRETION (SHARES) SHARED MARKET SOLE SHAREDOTHER SOLE SHARED NONE SECURITY DESCRIPTION CLASS CUSIP SHARES VALUE (A) (B) (C) MGR (A) (B) (C) Acadia Realty Trust COM 004239109 2206300 39691 X 2203300 0 3000 Ace Limited COM G0070K103 87035 4097 X 87035 0 0 Acmat Corp.- Class A CL A 004616207 200678 2815 X 200678 0 0 Advanced Power Technology COM 00761E108 537610 4650 X 537610 0 0 Affordable Residential Communities REIT 008273104 2779700 28103 X 2779700 0 0 Agree Realty Corporation COM 008492100 41900 1184 X 41900 0 0 Agrium, Inc. COM 8916108 3837175 84303 X 3765625 0 71550 Alamo Group, Inc. COM 011311107 3122959 61897 X 2212000 0 910959 Alexander & Baldwin, Inc. COM 014482103 1951440 103895 X 1951440 0 0 Alico, Inc. COM 016230104 295975 15184 X 295975 0 0 Ambac Financial Group COM 023139108 602985 43451 X 574810 0 28175 American Axle & Manufacturing Holdings Inc. COM 024061103 997600 23025 X 997600 0 0 American Financial Realty Trust COM 02607P305 3948850 56074 X 3947800 0 1050 American Land Lease Inc. COM 027118108 754158 17911 X 750708 0 3450 American Power Conversion Corp COM 029066107 4931510 127726 X 4851596 0 79914 Analogic Corporation COM 032657207 101575 5120 X 97525 0 4050 Anthracite Capital Inc. COM 037023108 1190825 13790 X 1190825 0 0 Applied Materials, Inc. COM 038222105 2234407 37896 X 2135838 0 98569 Arch Capital Group Ltd. COM G0450A105 1917427 95085 X 1874852 0 42575 Associated Estates Realty Corporation COM 045604105 1460325 14311 X 1459325 0 1000 Astoria Financial Corp. COM 046265104 159000 4201 X 159000 0 0 Avatar Holdings Inc. COM 053494100 737915 43714 X 735215 0 2700 AVX Corp. COM 002444107 17023127 216875 X 14674872 0 2348255 Banco Latinoamericano Exportaciones, S.A. RTS P16994991 285000 4839 X 285000 0 0 Bandag, Incorporated COM 059815100 695125 29793 X 678725 0 16400 Bedford Property Investors CL A 076446301 78450 1870 X 78450 0 0 BelFuse Inc. CL B CL B 077347300 939328 34220 X 933178 0 6150 BelFuse Inc. CL. A CL A 077347201 289838 8550 X 289838 0 0 Berkshire Hills Bancorp Inc. COM 084680107 390800 13287 X 390800 0 0 Borland Software Corp. COM 2112130 3128929 18210 X 3128929 0 0 BPP Liquidating Trust COM 12232C108 959000 125 X 959000 0 0 Brascan Corporation CL A 10549P606 12212585 569106 X 12070364 0 142221 British Land Company PLC COM 0136701 4107153 68132 X 4107153 0 0 Brookfield Homes Corp COM 112723101 10479 582 X 9359 0 1120 Brookfield Properties COM 112900105 3064500 90311 X 3059400 0 5100 Brookline Bancorp, Inc. COM 11373M107 4132141 65370 X 3933066 0 199075 California First National Bank COM 130222102 92214 1173 X 92214 0 0 Canadian Natural Resources COM 136385101 703300 31782 X 683650 0 19650 Canfor Corporation COM 2173416 4630850 55530 X 4630850 0 0 Capital Lease Funding Inc. COM 140288101 1742150 18031 X 1742150 0 0 Capital Southwest COM 140501107 262486 22356 X 257866 0 4620 Carver Bancorp, Inc. COM 146875109 218500 3625 X 218500 0 0 Cavco Industries, Inc. COM 149568107 312720 11345 X 312720 0 0 Cemontos Argos SA COM 2184173 451179 6213 X 451179 0 0 CIE Generale De Geophysique COM 4215394 377602 39437 X 351402 0 26200 CIT Group Inc. COM 125581108 1068840 48290 X 560360 0 508480 Coachman Industries, Inc. COM 189873102 573500 6590 X 573500 0 0 Coherent Inc. COM 192479103 985169 28846 X 985169 0 0 Commercial Federal Corp. COM 201647104 61543 2101 X 61543 0 0 Commscope, Inc. COM 203372107 2857425 49548 X 2819075 0 38350 Compagnie Generale de Geophysique ADR 204386106 193400 4021 X 193400 0 0 Comstock Resources, Inc. COM 205768203 1301400 42699 X 1301400 0 0 Comverse Technology, Inc. COM 205862402 3919328 102961 X 3841828 0 77500 Concord Camera Corp. COM 206156101 350000 490 X 350000 0 0 Consolidated Tomoka Land Co. COM 210226106 645910 43922 X 643635 0 2275 Covanta Holding Corp COM 22282E102 8816889 118411 X 8816889 0 0 Credence Systems COM 225302108 7014013 55972 X 6625113 0 388900 Cresud S.A. ADR ADR 226406106 226952 3116 X 226952 0 0 Cresud S.A.C.I.F. and A. COM 226406AB2 54884 754 X 54884 0 0 Cresud SA Comericial Ind WTS P3311R150 200000 312 X 200000 0 0 Criimi Mae Inc. COM 226603504 1469419 25289 X 1466719 0 2700 Cross Country Healthcare Inc. COM 227483104 3187332 59157 X 3092432 0 94900 Datascope Corp. COM 238113104 384586 11930 X 375624 0 8962 Del Monte Pacific Ltd. COM 6168485 19762000 6521 X 19762000 0 0 Deltic Timber COM 247850100 421150 19394 X 421150 0 0 Dress Barn, Inc. COM 261570105 1020785 23233 X 1020785 0 0 Electro Scientific Industries, Inc. COM 285229100 4129802 92342 X 3989515 0 140287 Electronics for Imaging COM 286082102 3875312 88900 X 3736762 0 138550 Encana Corp. COM 292505104 3147196 183513 X 2279496 0 867700 ESG Reinsurance Ltd. COM G31215109 118449 10 X 118449 0 0 Fairmont Hotels & Resorts Inc COM 305204109 1988800 66466 X 1987050 0 1750 FBL Financial Group, Inc. CL A 30239F106 472500 14151 X 472500 0 0 Feldman Mall Properties, Inc. COM 314308107 350000 4550 X 350000 0 0 First Potomac Realty Trust COM 33610F109 567700 14590 X 566800 0 900 Florida East Coast Industries, Inc. COM 340632108 55032 2492 X 55032 0 0 Fording Canadian Coal Trust COM 345425102 2095971 89225 X 2095971 0 0 Forest City Enterprise Cl A CL A 345550107 16541782 630242 X 16278628 0 263154 Forest City Enterprise Cl B CL B 345550305 28550 1092 X 28550 0 0 FSI International, Inc. COM 302633102 179988 758 X 171288 0 8700 GEAC Computer Corp LTD COM 368289104 9254778 86255 X 8807413 0 447365 Gemstar-TV Guide International, Inc. COM 36866W106 180307 517 X 180307 0 0 Golar LNG LTD COM 7139695 1886600 24045 X 1886600 0 0 GSI GROUP INC COM 36229U102 431086 4505 X 431086 0 0 Handleman Company COM 410252100 378700 4783 X 378700 0 0 Haverty Furniture Company COM 419596101 1215420 14865 X 1215420 0 0 Haynes International Inc. COM 420877201 445714 10809 X 445714 0 0 Herley Industries, Inc. COM 427398102 595681 11098 X 595681 0 0 Hutchinson Technology Inc. COM 448407106 100022 2613 X 100022 0 0 IDT Corp Class B COM 448947309 315000 3840 X 315000 0 0 Industrias Bachoco, S.A. DE C.V. ADR 456463108 610000 13231 X 610000 0 0 Ingram Micro Inc. COM 457153104 781600 14491 X 781600 0 0 Instinet Group Corp. COM 457750107 17061667 84796 X 15493842 0 1567825 Investment Technology Group. COM 46145F105 132800 3931 X 132800 0 0 Irsa Investments and Representations Inc. COM 450047204 400000 4820 X 400000 0 0 Jakks Pacific, Inc. COM 47012E106 3822855 62045 X 3729811 0 93044 Jefferies Group COM 472319102 451030 19642 X 451030 0 0 Jones Lang Lasalle COM 48020Q107 1542100 71029 X 1542100 0 0 Kemet Corporation COM 488360108 1096052 9185 X 1042042 0 54010 K-Swiss Incl Cl A CL A 482686102 1120679 33138 X 1120679 0 0 Leapfrog Enterprises Inc. CL A 52186N106 4798224 70870 X 4601124 0 197100 Legg Mason Inc. COM 524901105 2466057 270502 X 2411198 0 54859 Leucadia National Corp. COM 527288104 734725 31667 X 733575 0 1150 Levitt Corporation CL A 52742P108 208750 4789 X 208750 0 0 Lindsay Manufacturing Co. COM 535555106 1111000 24453 X 1111000 0 0 Magma Design Automation Inc. COM 559181102 1087914 8834 X 1087914 0 0 Maverick Tube Corp. COM 577914104 1875425 56263 X 1824625 0 50800 MBIA Inc. COM 55262C100 4177937 253267 X 4139776 0 38161 Mestek Inc. COM 590829107 360100 4451 X 360100 0 0 Millea Holdings, Inc. ADR 60032R106 3226553 260835 X 3168758 0 57795 Montpelier Re Holdings Ltd. COM G62185106 771200 19164 X 771200 0 0 Movie Gallery Inc. COM 624581104 30000 540 X 30000 0 0 Nabors Industries COM G6359F103 1597952 114781 X 1566273 0 31679 National Western Life Insurance Co. CL A 638522102 113506 23978 X 113506 0 0 NewAlliance Bancshares, Inc. COM 650203102 5998529 87818 X 5736057 0 262472 Nortel Inversora-ADR PFD B ADR 656567401 329100 3406 X 329100 0 0 Northern Orion Resources, Inc. COM 2820507 230000 674 X 230000 0 0 NTL Inc. COM 62940M104 21000 1341 X 21000 0 0 Nuveen Investments, Inc., CL A CL A 67090F106 489900 19297 X 489900 0 0 Omega Protein Corp COM 68210P107 360100 5758 X 360100 0 0 One Liberty Properties COM 682406103 1025600 20420 X 1025000 0 600 Origen Financial Inc. COM 68619E208 1842700 13949 X 1787050 0 55650 Pan American Silver Corp COM 697900108 13000 228 X 13000 0 0 Parexel International Corp COM 699462107 3873837 77825 X 3730247 0 143590 Park Electrochemical Corp. COM 700416209 965900 25741 X 965900 0 0 Pfizer Inc. COM 717081103 788743 19695 X 767318 0 21425 Pharmaceutical Product Development Inc. COM 717124101 934263 53729 X 934263 0 0 PHH Corporation COM 693320202 566200 15548 X 566200 0 0 Pogo Producing Co COM 730448107 1357000 79982 X 1341950 0 15050 Posco ADR ADR 693483109 4371225 247236 X 3802100 0 569125 Precision Drilling Corp COM 74022D100 487400 23980 X 487400 0 0 Prologis Trust COM 743410102 7353458 325832 X 7336228 0 17230 PS Business Parks, Inc. COM 69360J107 2102875 96312 X 2101575 0 1300 Radian Group Inc. COM 750236101 2348089 124684 X 2307966 0 40123 Rait Investment Trust COM 749227104 542400 15458 X 542400 0 0 Raymond James Financial COM 754730109 1633896 52481 X 1633896 0 0 RTI International Metals, Inc. COM 74973W107 114500 4506 X 114500 0 0 Russ Berrie and Company, Inc. COM 782233100 3345935 47245 X 3223485 0 122450 Sabre Holdings Corp. CL A CL A 785905100 15000 304 X 15000 0 0 Safety Insurance Group, Inc. COM 78648T100 175000 6228 X 175000 0 0 Scientific-Atlanta, Inc. COM 808655104 212500 7971 X 212500 0 0 Sears Holdings Corporation COM 812350106 1030589 128226 X 1030589 0 0 Skyline Corporation COM 830830105 287800 11696 X 287800 0 0 Smedvig ASA-A CL A 4564665 2992750 73316 X 2927200 0 65550 Smedvig ASA-Sponsored ADR 83169H105 208025 5099 X 208025 0 0 Spirit Finance Corp. COM 848568309 10900 123 X 10900 0 0 St. Jude Medical Inc. COM 790849103 363000 16988 X 363000 0 0 St. Mary Land & Exploration COM 792228108 1842100 67421 X 1842100 0 0 Standex International Corp COM 854231107 480500 12652 X 480500 0 0 Stewart Information Services COM 860372101 479800 24566 X 479800 0 0 Stolt Offshore S.A. ADR 861567105 637850 7386 X 593228 0 44622 Suncor Energy Inc. COM 867229106 1189725 72014 X 1165950 0 23775 Superior Industries International, Inc. COM 868168105 4725205 101686 X 4518059 0 207146 SWS Group Inc. COM 78503N107 187590 3076 X 187590 0 0 Sybase Inc. COM 871130100 600400 14061 X 600400 0 0 Sycamore Networks, Inc. COM 871206108 19608065 73922 X 18768815 0 839250 Synopsys Inc. COM 871607107 1490563 28172 X 1490563 0 0 TD Banknorth Inc. COM 87235A101 34087 1027 X 34087 0 0 Technitrol, Inc. COM 878555101 159200 2439 X 159200 0 0 Tejon Ranch Co. COM 879080109 4405431 207055 X 4401478 0 3953 Telecom Corp of New Zealand Ltd ADR 879278208 164250 5519 X 164250 0 0 Telecom Corp of New Zealand COM 6881436 15291241 63829 X 14583291 0 707950 Tellabs, Inc. COM 879664100 10764143 113239 X 10311018 0 453125 The Buckle, Inc. COM 118440106 129500 4399 X 129500 0 0 The First American Corporation COM 318522307 1048800 47899 X 1048800 0 0 The Phoenix Companies COM 71902E109 4593115 56036 X 4580430 0 12685 The St. Joe Company COM 790148100 8935237 558006 X 8869062 0 66175 Thomas Properties Group INC COM 884453101 2321844 30207 X 2315794 0 6050 Tidewater Inc. COM 886423102 804300 39145 X 804300 0 0 Tompkins Trustco Inc. COM 890110109 49731 2151 X 49731 0 0 Toronto-Dominion Bank COM 891160509 16354 807 X 16354 0 0 Trammell Crow Company COM 89288R106 6652407 164181 X 6648007 0 4400 Trinity Industries COM 896522109 1538305 62286 X 1524330 0 13975 Triquint Semiconductor, Inc. COM 89674K103 500600 1762 X 500600 0 0 TXU Corp. COM 873168108 400000 45152 X 400000 0 0 Unite Group plc COM 0692861 8038543 44132 X 8033943 0 4600 Valuevision International COM 92047K107 120000 1362 X 120000 0 0 Vishay Intertecnology, Inc. COM 928298108 613842 7335 X 609842 0 4000 Vornado Realty Trust COM 929042109 1579325 136801 X 1578050 0 1275 Westwood Holdings Group Inc. COM 961765104 921771 16961 X 921771 0 0 White Mountains Insurance Group COM G9618E107 61200 36965 X 61200 0 0 Whiting Petroleum Corporation COM 966387102 1930300 84624 X 1913625 0 16675 Willbros Group, Inc. COM 969199108 1632538 25876 X 1631875 0 663