13F-HR 1 tam063010.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: June 30, 2010 Check here if Amendment: | |; Amendment Number: This Amendment (Check only one): |_| 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 august 14, 2010 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: 1 Form 13F Information Table Entry Total: 118 Form 13F Information Table Value Total: $4,414,128 (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.] No. Form 13F File Number Name 1 028-10561 AIC Investment Services Inc. FORM 13F INFORMATION TABLE

VALUE SHRS OR SH/ PUT/INVSTMT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (X$1000 PRN AMT PRN CALLDSCRETN MNGRS SOLE SHARED NONE Acadia Realty Trust COM SH BEN INT 004239109 589 34999 SH SOLE 34999 0 0 Alamo Group, Inc. COM 011311107 20756 956491 SH SOLE 956491 0 0 Alexander & Baldwin, Inc. COM 014482103 69012 2317378 SH SOLE 2316853 0 525 Alico, Inc. COM 016230104 6168 268414 SH SOLE 268414 0 0 Alto Palermo S.A. ADR 02151P107 959 99144 SH SOLE 99144 0 0 Applied Materials, Inc. COM 038222105 27129 2256989 SH SOLE 2108064 0 14892 Arch Capital Group Ltd. ORD G0450A105 14216 190822 SH SOLE 190822 0 0 AVX Corporation COM 002444107 24010 1872839 SH OTHER 1 1872839 0 0 AVX Corporation COM 002444107 80189 6255031 SH SOLE 5797100 0 45793 Bank of New York Mellon Corp. COM 064058100 30593 1239079 SH OTHER 1 1239079 0 0 Bank of New York Mellon Corp. COM 064058100 214690 8695419 SH SOLE 8446531 0 24888 Barclays Bank PLC ETN DJUBS AGRI37 06739H206 5169 132472 SH SOLE 132472 0 0 Bel Fuse Inc. CL B 077347300 17244 1044463 SH SOLE 1044463 0 0 Bristow Group Inc. COM 110394103 57627 1960105 SH SOLE 1890955 0 69150 Broadridge Financial Solutions Inc.COM 11133T103 3347 175700 SH SOLE 175700 0 0 Bronco Drilling Co. Inc. COM 112211107 18866 5631587 SH SOLE 5631587 0 0 Brookfield Asset Mgmt. CL A LTD VT SH 112585104 778 38468 SH OTHER 1 38468 0 0 Brookfield Asset Mgmt. CL A LTD VT SH 112585104 434569 19207628 SH SOLE 1904035 0 16726 Brookfield Infrastructure Partners LP INT UNIT G16252101 6710 422819 SH SOLE 422819 0 0 Brookfield Properties COM 112900105 302 21500 SH OTHER 1 21500 0 0 Brookfield Properties COM 112900105 1153 82150 SH SOLE 56650 0 25500 Brooklyn Federal Bancorp Inc. COM 114039100 2810 637122 SH SOLE 637122 0 0 Capital Southwest COM 140501107 9995 113694 SH SOLE 113694 0 0 Carver Bancorp, Inc. COM 146875109 1658 218500 SH SOLE 218500 0 0 Cavco Industries, Inc. COM 149568107 29241 831181 SH SOLE 831181 0 0 Cenovus Energy Inc. COM 15135U109 14536 563750 SH OTHER 1 563750 0 0 Cenovus Energy Inc. COM 15135U109 77403 3001260 SH SOLE 2838333 0 16292 Cimarex Energy Co. COM 171798101 156590 2187623 SH SOLE 2174698 0 12925 CIT Group Inc. COM 125581801 5013 148045 SH SOLE 148045 0 0 Colonial Bankshares Inc. COM 195572102 486 50920 SH SOLE 50920 0 0 ConocoPhillips COM 20825C104 3884 79129 SH SOLE 79129 0 0 Consolidated Tomoka Land Co. COM 210226106 282 9900 SH OTHER 1 9900 0 0 Consolidated Tomoka Land Co. COM 210226106 14492 508500 SH SOLE 508500 0 0 Covanta Holding Corporation COM 22282E102 153645 9261289 SH SOLE 9261289 0 0 Cross Country Healthcare Inc. COM 227483104 57785 6427656 SH SOLE 6427656 0 0 Developers Diversified Realty Note 3.0% 3/15/12 251591AS2 19150 20000000 SH SOLE 2000000 0 0 Dex One Corporation COM 25212W100 2081 109533 SH SOLE 109533 0 0 Eastgroup Properties Inc. COM 277276101 427 12000 SH SOLE 12000 0 0 Electro Scientific Industries, Inc.COM 285229100 45649 3416819 SH SOLE 3416819 0 0 Electronics for Imaging Inc. COM 286082102 40562 4160161 SH SOLE 3982911 0 17725 Encana Corporation Total COM 292505104 17422 574250 SH OTHER 1 574250 0 0 Encana Corporation Total COM 292505104 120497 3971541 SH SOLE 3772353 0 19918 Encore Wire Corporation COM 292562105 37782 2077053 SH SOLE 2077053 0 0 Fedfirst Financial Corporation COM 31429X105 2700 490036 SH SOLE 490036 0 0 First Potomac Realty Trust COM 33610F109 345 24000 SH SOLE 24000 0 0 Forest City Enterprises Inc. CL A 345550107 776 68540 SH OTHER 1 68540 0 0 Forest City Enterprises Inc. CL A 345550107 257943 22786508 SH SOLE 2268904 0 97468 Forest City Enterprises Inc. CL B CONV 345550305 299 25800 SH SOLE 25800 0 0 Genesee & Wyoming Inc. CL A 371559105 3325 89117 SH SOLE 89117 0 0 Glatfelter P. H. Co. COM 377316104 31063 2862933 SH SOLE 2862933 0 0 Haverty Furniture Companies Inc. COM 419596101 24612 2002565 SH SOLE 2002565 0 0 HCC Insurance Holdings COM 404132102 17377 701833 SH SOLE 701833 0 0 Herley Industries, Inc. COM 427398102 17283 1211982 SH SOLE 1211982 0 0 HKN Inc. COM 40420K103 149 47478 SH SOLE 47478 0 0 Imation Corp. COM 45245A107 6528 710309 SH SOLE 710309 0 0 Ingram Micro Inc. CL A 457153104 22572 1485994 SH SOLE 1485994 0 0 Insteel Industries Inc. COM 45774W108 10221 879624 SH SOLE 879624 0 0 Intel Corporation COM 458140100 11184 575000 SH SOLE 575000 0 0 International Coal Group Inc. COM 45928H106 2135 554461 SH SOLE 554461 0 0 Investment Technology Group COM 46145F105 69268 4313053 SH SOLE 4192128 0 12092 Irsa Inversiones Y Rep S A SP GDR GDR 450047204 203 19411 SH SOLE 19411 0 0 Jakks Pacific, Inc. COM 47012E106 22279 1549335 SH SOLE 1549335 0 0 Journal Communications Inc. Cl A CL A 481130102 245 61687 SH SOLE 61687 0 0 Kaiser Aluminum Corp. COM PAR $0.01 483007704 29129 840179 SH SOLE 840179 0 0 Kearny Financial Corp. COM 487169104 6279 685494 SH SOLE 685494 0 0 Keycorp COM 493267108 6237 811066 SH OTHER 1 811066 0 0 Keycorp COM 493267108 93506 12159487 SH SOLE 1203441 0 12507 K-Swiss Inc., CL A CL A 482686102 48932 4357237 SH SOLE 4357237 0 0 Lennar Corp. COM 526057104 235 16900 SH OTHER 1 16900 0 0 Lennar Corp. COM 526057104 12323 885900 SH SOLE 877900 0 8000 Leucadia National Corporation COM 527288104 72826 3732774 SH SOLE 3482858 0 24991 Lexmark International Inc. CL A CL A 529771107 31995 968656 SH SOLE 968656 0 0 Liberty Media-Starz Group LIB STAR COM A 53071M708 9379 180924 SH SOLE 180924 0 0 MDC Holdings Inc. COM 552676108 10865 403139 SH SOLE 391114 0 12025 MEMC Electronic Materials, Inc. COM 552715104 11325 1146247 SH SOLE 1146247 0 0 Montpelier Re Holdings Ltd. SHS G62185106 32449 2173427 SH SOLE 2173427 0 0 Nabors Industries SHS G6359F103 214400 12168000 SH SOLE 1216800 0 0 National Western Life Insurance Co.CL A 638522102 45429 297388 SH SOLE 297388 0 0 NewAlliance Bancshares, Inc. COM 650203102 5751 512986 SH SOLE 512986 0 0 Newmont Mining Corporation COM 651639106 47292 765990 SH SOLE 702331 0 63659 Nuveen Investments, Inc., CL A CL A 67090F106 3048 2925000 SH SOLE 2925000 0 0 Park Electrochemical Corporation COM 700416209 30877 1264935 SH SOLE 1264935 0 0 Pharmaceutical Product Dev. Inc. COM 717124101 73818 2905079 SH SOLE 2829354 0 75725 Pioneer Drilling Co. COM 723655106 16704 2946075 SH SOLE 2946075 0 0 Posco ADR 693483109 29209 309677 SH OTHER 1 309677 0 0 Posco ADR 693483109 382950 4060110 SH SOLE 4032940 0 27170 Prologis NOTE 1.88% 11/15/2037 NOTE 11/15/37 743410AR3 17886 19929000 SH SOLE 1992900 0 0 Prologis NOTE 2.25% 04/01/2037 NOTE 04/01/37 743410AQ5 10825 11500000 SH SOLE 1150000 0 0 Prologis NOTE 2.63% 05/15/2038 NOTE 05/15/38 743410AS1 2247 2500000 SH SOLE 2500000 0 0 Prologis Trust SH BEN INT 743410102 378 37350 SH OTHER 1 37350 0 0 Prologis Trust SH BEN INT 743410102 20280 2001927 SH SOLE 1988727 0 13200 Provident Energy Trust COM 2739443 4806 700566 SH SOLE 700566 0 0 Sanofi- Aventis ADR 80105N105 565 18800 SH SOLE 18500 0 300 Skyline Corporation COM 830830105 25375 1408928 SH SOLE 1408928 0 0 Stanley Furniture Company, Inc. COM 854305208 10513 2589436 SH SOLE 2589436 0 0 Superior Industries International COM 868168105 31913 2374473 SH SOLE 2374473 0 0 Sycamore Networks, Inc. COM 871206405 28574 1719228 SH OTHER 1 1719228 0 0 Sycamore Networks, Inc. COM 871206405 88331 5314737 SH SOLE 5107482 0 20725 Synopsys Inc. COM 871607107 42935 2057276 SH SOLE 2057276 0 0 Tejon Ranch Co. COM 879080109 427 18482 SH OTHER 1 18482 0 0 Tejon Ranch Co. COM 879080109 117285 5081678 SH SOLE 5056884 0 24794 Tellabs, Inc. COM 879664100 7856 1229353 SH OTHER 1 1229353 0 0 Tellabs, Inc. COM 879664100 100190 15679113 SH SOLE 1524296 0 43615 The St. Joe Company COM 790148100 392 16923 SH OTHER 1 16923 0 0 The St. Joe Company COM 790148100 51882 2240163 SH SOLE 2201263 0 38900 Thomas Properties Group Inc. COM 884453101 303 91500 SH OTHER 1 91500 0 0 Thomas Properties Group Inc. COM 884453101 25000 7552729 SH SOLE 7552729 0 0 Tidewater Inc. COM 886423102 41627 1075088 SH SOLE 1075088 0 0 UniFirst Corporation COM 904708104 2654 60295 SH SOLE 60295 0 0 United Microelectronics Corp. SPON ADR 910873405 773 265651 SH SOLE 265651 0 0 Vail Resorts Inc. COM 91879Q109 33646 963781 SH SOLE 963781 0 0 Vornado Realty Trust SH BEN INT 929042109 519 7116 SH OTHER 1 7116 0 0 Vornado Realty Trust SH BEN INT 929042109 64936 890140 SH SOLE 883611 0 6529 Westlake Chemical Corp. COM 960413102 30425 1638393 SH SOLE 1638393 0 0 Westwood Holdings Group Inc. COM 961765104 17455 496587 SH SOLE 496587 0 0 Weyerhaeuser Company COM 962166104 243 6900 SH OTHER 1 6900 0 0 Weyerhaeuser Company COM 962166104 60186 1709840 SH SOLE 1596383 0 11345 Wilmington Trust Corp. COM 971807102 12773 1151785 SH SOLE 1151785 0 0