13F-HR 1 tam063012.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, 2012 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, 2012 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: 129 Form 13F Information Table Value Total: $4,209,978 (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$1000PRN AMT PRNCALL DSCRETN MNGRS SOLE SHARED NONE Acadia Realty Trust COM SH BEN INT 004239109 464 19999SH X 19999 0 0 Alamo Group, Inc. COM 011311107 19494 621433SH X 621433 0 0 Alico, Inc. COM 016230104 6794 222465SH X 222465 0 0 Alleghany Corp. COM 017175100 6297 18534SH OTHER 1 18,534 0 0 Alleghany Corp. COM 017175100 80081 235705SH X 229,334 0 6371 American Eagle Outfitters COM 02553E106 18664 945949SH X 945949 0 0 Annaly Capital Management, Inc. COM 035710409 195 11600SH X 11600 0 0 Applied Materials, Inc. COM 038222105 11377 992730SH OTHER 1 992,730 0 0 Applied Materials, Inc. COM 038222105 80647 7037298SH X 6,758,673 0 278625 Arch Capital Group Ltd. ORD G0450A105 21147 532812SH X 532812 0 0 AVX Corporation COM 002444107 5975 558887SH OTHER 1 558,887 0 0 AVX Corporation COM 002444107 36745 3437299SH X 3,437,299 0 0 Bank of New York Mellon Corp. COM 064058100 31127 1418079SH OTHER 1 1,418,079 0 0 Bank of New York Mellon Corp. COM 064058100 178199 8118398SH X 7,972,265 0 146133 Bel Fuse Inc. CL B 077347300 22249 1263420SH X 1263420 0 0 Bristow Group Inc. COM 110394103 60336 1483541SH X 1479241 0 4300 Broadridge Fin'l Solutions Inc. COM 11133T103 42968 2059821SH X 2057146 0 2675 Brookfield Asset Mgmt. CL A LTD VT SH 112585104 14414 435468SH OTHER 1 435,468 0 0 Brookfield Asset Mgmt. CL A LTD VT SH 112585104 286648 8660047SH X 8,650,270 0 9777 Brookfield Properties COM 112900105 654 37550SH X 37550 0 0 Capital Southwest COM 140501107 16091 156465SH X 156465 0 0 Capstead Mortgage Corp. COM NO PAR 14067E506 174 12500SH X 12500 0 0 Cavco Industries, Inc. COM 149568107 42726 833188SH X 833188 0 0 Cedar Shopping Centers COM 150602209 2247 445000SH X 445000 0 0 Cenovus Energy Inc. COM 15135U109 12453 391600SH X 391600 0 0 Chiquita Brands Int'l Inc. NOTE 4.250% 8/16170032AT3 1929 2665000SH X 2665000 0 0 Cimarex Energy Co. COM 171798101 8390 152215SH X 152215 0 0 Cloud Peak Energy Inc. COM 18911Q102 24043 1421797SH X 1421797 0 0 Comerica Inc. COM 200340107 24521 798460SH X 798460 0 0 Compass Minerals Int'l COM 20451N101 34779 455937SH X 455937 0 0 ConocoPhillips COM 20825C104 1044 18683SH X 18683 0 0 Consolidated Tomoka Land Co. COM 210226106 14875 516855SH X 516855 0 0 Covanta Holding Corporation COM 22282E102 145984 8512207SH X 8512207 0 0 Cowen group Inc. COM 223622101 4848 1822495SH X 1822495 0 0 Cross Country Healthcare Inc. COM 227483104 11750 2688761SH X 2688761 0 0 Darling International Inc. COM 237266101 12024 729157SH X 729157 0 0 Delphi Automotive plc COM G27823106 1691 66316SH X 66316 0 0 Devon Energy Corp. COM 25179M103 71598 1234665SH X 1191056 0 43609 Electro Scientific Industries, Inc. COM 285229100 18780 1588793SH X 1588793 0 0 Electronics for Imaging Inc. COM 286082102 36490 2245536SH X 2235186 0 10350 EMCOR Group, Inc. COM 29084Q100 22706 816181SH X 816181 0 0 Encana Corporation COM 292505104 9336 448214SH OTHER 1 448,214 0 0 Encana Corporation COM 292505104 76461 3670707SH X 3,667,231 0 3476 Encore Wire Corporation COM 292562105 19030 710587SH X 710587 0 0 Excel Trust, Inc. COM 30068C109 11867 992259SH X 992259 0 0 First Industrial Realty Trust, Inc. COM 32054K103 517 40995SH OTHER 1 40,995 0 0 First Industrial Realty Trust, Inc. COM 32054K103 48396 3834876SH X 3,834,876 0 0 First Niagara Financial Group, Inc. COM 33582V108 4131 539984SH X 539984 0 0 First Potomac Realty Trust COM 33610F109 521 44300SH X 44300 0 0 Forest City Enterprises Inc. CL A 345550107 984 67392SH OTHER 1 67,392 0 0 Forest City Enterprises Inc. CL A 345550107 24320116657578SH X 16,654,10 0 3475 General Motors Co. COM 37045V100 4565 231467SH X 231467 0 0 Glatfelter P. H. Co. COM 377316104 25665 1567816SH X 1567816 0 0 Haemonetics Corporation COM 405024100 24669 332868SH X 332868 0 0 Harman Int'l Industries, Inc. COM 413086109 27597 696899SH X 696899 0 0 Haverty Furniture Companies Inc. COM 419596101 11537 1032896SH X 1032896 0 0 HCC Insurance Holdings COM 404132102 32033 1020156SH X 1020156 0 0 ICF International, Inc. COM 44925C103 29140 1222335SH X 1222335 0 0 Ingram Micro Inc. CL A 457153104 62207 3560809SH X 3560809 0 0 Insteel Industries Inc. COM 45774W108 9542 855820SH X 855820 0 0 Intel Corporation COM 458140100 10260 385000SH X 385000 0 0 Investment Technology Group COM 46145F105 12335 1340775SH X 1333350 0 7425 J&J Snack Foods Corporation COM 466032109 18659 315719SH X 315719 0 0 Jakks Pacific, Inc. COM 47012E106 17376 1085314SH X 1085314 0 0 Jos A Bank Clothiers Inc. COM 480838101 20202 475787SH X 475787 0 0 Kaiser Aluminum Corp. COM PAR $0.01 483007704 34144 658643SH X 658643 0 0 Kearny Financial Corp. COM 487169104 5189 535494SH X 535494 0 0 Kelly Services Inc. CL A 488152208 3550 275000SH X 275000 0 0 Kennametal Inc. COM 489170100 33564 1012480SH X 1012480 0 0 Keycorp COM 493267108 11957 1544881SH OTHER 1 1,544,881 0 0 Keycorp COM 493267108 11157414415194SH X 14,085,99 0 329200 Kimco Realty Corp COM 49446R109 435 22845SH X 22845 0 0 Kinross Gold Corporation COM NO PAR 496902404 30912 3792170SH X 3792170 0 0 Leucadia National Corporation COM 527288104 3613 169845SH OTHER 1 169,845 0 0 Leucadia National Corporation COM 527288104 81740 3842961SH X 3,836,076 0 6885 Lexmark International Inc. CL A 529771107 39476 1485174SH X 1485174 0 0 Liberty Media-Starz Group LIB STAR COM A 53071M708 42285 481000SH X 481000 0 0 Lowe's Companies Inc. COM 548661107 521 18335SH OTHER 1 18,335 0 0 Lowe's Companies Inc. COM 548661107 62768 2207025SH X 2,207,025 0 0 LSB Industries Inc. COM 502160104 23642 764850SH X 764850 0 0 Madison Square Garden Inc. CL A 55826P100 49835 1331074SH X 1331074 0 0 Mantech International Corp. COM 564563104 36264 1545131SH X 1545131 0 0 Minerals Technologies Inc. COM 603158106 27278 427682SH X 427682 0 0 Montpelier Re Holdings Ltd. SHS G62185106 15778 741091SH X 741091 0 0 Newmont Mining Corporation COM 651639106 23505 484537SH X 484537 0 0 Oshkosh Corporation COM 688239201 38631 1843983SH X 1843983 0 0 Park Electrochemical Corporation COM 700416209 15527 599969SH X 599969 0 0 Pioneer Drilling Co. COM 723655106 24034 3015573SH X 3015573 0 0 Posco ADR ADR 693483109 27243 338677SH OTHER 1 338,677 0 0 Posco ADR ADR 693483109 285176 3545203SH X 3,514,033 0 31170 Precision Drilling Corp, COM 74022D308 24298 3574400SH X 3574400 0 0 Progress Software Corporation COM 743312100 25122 1203734SH X 1203734 0 0 Prologis Inc. COM 74340W103 222 6680SH X 6680 0 0 PS Business Parks, Inc. COM 69360J107 413 6100SH X 6100 0 0 Resolute Forest Products, Inc. COM NEW 76117W109 1416 122300SH X 122300 0 0 Rofin-Sinar Technologies Inc. COM 775043102 25936 1370103SH X 1370103 0 0 Sanofi- Aventis ADR SPON ADR 80105N105 657 17385SH X 17085 0 300 Scorpio Tankers COM Y7542C106 8175 1279391SH X 1279391 0 0 Seacor Holdings Inc. COM 811904101 58480 654287SH X 654287 0 0 SemGroup Corporation COM 81663A105 48149 1507951SH X 1507951 0 0 Sensient Technologies Corp. COM 81725T100 28397 773141SH X 773141 0 0 Skyline Corporation COM 830830105 1637 322200SH X 322200 0 0 Stanley Furniture Company, Inc. COM 854305208 11043 2767631SH X 2767631 0 0 Stepan Company COM 858586100 18999 201733SH X 201733 0 0 Superior Industries Int'l, Inc. COM 868168105 35015 2138992SH X 2138992 0 0 Sycamore Networks, Inc. COM NEW 871206405 9207 634076SH OTHER 1 634,076 0 0 Sycamore Networks, Inc. COM NEW 871206405 35976 2477686SH X 2,475,977 0 1709 Symantec Corp COM 871503108 22185 1518500SH X 1518500 0 0 Tejon Ranch Co. COM 879080109 529 18482SH OTHER 1 18,482 0 0 Tejon Ranch Co. COM 879080109 88101 3078314SH X 3,078,314 0 0 Telefex Inc. COM 879369106 52290 858476SH X 858476 0 0 Tellabs, Inc. COM 879664100 7030 2111042SH OTHER 1 2,111,042 0 0 Tellabs, Inc. COM 879664100 7005821038393SH X 21,012,76 0 25625 Terreno Realty Corp. COM 88146M101 360 23800SH OTHER 1 23,800 0 0 Terreno Realty Corp. COM 88146M101 3658 242090SH X 242,090 0 0 Thomas Properties Group Inc. COM 884453101 355 65300SH OTHER 1 65,300 0 0 Thomas Properties Group Inc. COM 884453101 41355 7601979SH X 7,601,979 0 0 Tidewater Inc. COM 886423102 983 21210SH X 21210 0 0 UniFirst Corporation COM 904708104 32756 513814SH X 513814 0 0 Vail Resorts Inc. COM 91879Q109 54270 1083664SH X 1083664 0 0 Vantage Drilling Co. COM G93205113 1875 1250000SH X 1250000 0 0 Vornado Realty Trust SH BEN INT 929042109 471 5611SH OTHER 1 5611 0 0 Vornado Realty Trust SH BEN INT 929042109 54978 654652SH X 654,652 0 0 Westlake Chemical Corp. COM 960413102 15289 292557SH X 292557 0 0 Westwood Holdings Group Inc. COM 961765104 18994 509781SH X 509781 0 0 Weyerhaeuser Company COM 962166104 548 24498SH OTHER 1 24,498 0 0 Weyerhaeuser Company COM 962166104 141664 6335606SH X 6,326,779 0 8827 White Mtns Insurance Group COM G9618E107 9788 18760SH OTHER 1 18,760 0 0 White Mtns Insurance Group COM G9618E107 76812 147219SH X 147,142 0 77