13F-HR 1 tam093012_txt.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, 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 November 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: 138 Form 13F Information Table Value Total: $4,409,905 (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 00423910 496 19999 SH X 19999 0 0 Alamo Group, Inc. COM 01131110 19429 575176 SH X 575176 0 0 Alico, Inc. COM 01623010 5596 179173 SH X 179173 0 0 Alleghany Corp. COM 01717510 6393 18534 SH OTHER 1 18534 0 0 Alleghany Corp. COM 01717510 94380 273614 SH X 267243 0 6371 American Eagle Outfitters COM 02553E10 8242 390989 SH X 390989 0 0 Annaly Capital Mgmt, Inc. COM 03571040 195 11600 SH X 11600 0 0 Applied Materials, Inc. COM 03822210 11838 1060248 SH OTHER 1 1060248 0 0 Applied Materials, Inc. COM 03822210 92068 8246163 SH X 8042538 0 20362 Arch Capital Group Ltd. ORD G0450A10 31317 751372 SH X 751372 0 0 Assisted Living Concepts Inc. CL A 04544X30 382 50000 SH X 50000 0 0 AVX Corporation COM 00244410 5360 558887 SH OTHER 1 558887 0 0 AVX Corporation COM 00244410 32469 3385671 SH X 3385671 0 0 Bank of NY Mellon Corp. COM 06405810 31951 1412489 SH OTHER 1 1412489 0 0 Bank of NY Mellon Corp. COM 06405810 198183 8761391 SH X 8615258 0 14613 Bel Fuse Inc. CL B 07734730 21572 1154792 SH X 1154792 0 0 Bristow Group Inc. COM 11039410 67806 1341366 SH X 1337066 0 4300 Broadridge Financial Sol. Inc. COM 11133T10 51397 2203038 SH X 2200363 0 2675 Brookfield Asset Mgmt. CL A LTD VT SH 11258510 14957 433418 SH OTHER 1 433418 0 0 Brookfield Asset Mgmt. CL A LTD VT SH 11258510 253738 7352602 SH X 7343529 0 9073 Brookfield Properties COM 11290010 622 37550 SH X 37550 0 0 Cal-Maine Foods, Inc. COM 12803020 5387 119882 SH X 119882 0 0 Capital Southwest COM 14050110 14011 125153 SH X 125153 0 0 Capitol Federal Financial, Inc. COM 14057C10 270 22615 SH X 22615 0 0 Capstead Mortgage Corp. COM NO PAR 14067E50 169 12500 SH X 12500 0 0 Cavco Industries, Inc. COM 14956810 22342 486860 SH X 486860 0 0 Cedar Shopping Centers COM 15060220 787 149000 SH X 149000 0 0 Cenovus Energy Inc. COM 15135U10 669 19200 SH X 19200 0 0 Chiquita Brands Intl. Inc. Note 4.25% 8/15/16 170032AT 5955 6776000 SH X 6776000 0 0 Cimarex Energy Co. COM 17179810 8912 152215 SH X 152215 0 0 Cloud Peak Energy Inc. COM 18911Q10 32070 1771797 SH X 1771797 0 0 Comerica Inc. COM 20034010 28003 901880 SH X 901880 0 0 Compass Minerals Int'l COM 20451N10 40468 542537 SH X 542537 0 0 ConocoPhillips COM 20825C10 1103 19288 SH X 19288 0 0 Consolidated Tomoka Land Co. COM 21022610 432 13135 SH OTHER 1 13135 0 0 Consolidated Tomoka Land Co. COM 21022610 16821 511420 SH X 511420 0 0 Covanta Holding Corp. COM 22282E10 135305 7884928 SH X 7884928 0 0 Cowen group Inc. COM 22362210 4242 1571140 SH X 1571140 0 0 Cross Country Healthcare Inc. COM 22748310 12342 2614841 SH X 2614841 0 0 Darling International Inc. COM 23726610 14866 812783 SH X 812783 0 0 Devon Energy Corp. COM 25179M10 5698 94175 SH OTHER 1 94175 0 0 Devon Energy Corp. COM 25179M10 136763 2260546 SH X 2210862 0 49684 Electro Scientific Ind., Inc. COM 28522910 19892 1627844 SH X 1627844 0 0 Electronics for Imaging Inc. COM 28608210 37625 2265231 SH X 2254881 0 10350 EMCOR Group, Inc. COM 29084Q10 33337 1168082 SH X 1168082 0 0 Encana Corporation COM 29250510 9781 446214 SH OTHER 1 446214 0 0 Encana Corporation COM 29250510 82756 3775363 SH X 3771865 0 3497 Encore Wire Corporation COM 29256210 22802 779292 SH X 779292 0 0 Excel Trust, Inc. COM 30068C10 328 28700 SH OTHER 1 28700 0 0 Excel Trust, Inc. COM 30068C10 11335 992579 SH X 992579 0 0 First Ind. Realty Trust, Inc. COM 32054K10 650 49495 SH OTHER 1 49495 0 0 First Ind. Realty Trust, Inc. COM 32054K10 56888 4329376 SH X 4329376 0 0 First Niagara Fin. Group, Inc. COM 33582V10 3840 474684 SH X 474684 0 0 First Potomac Realty Trust COM 33610F10 337 26200 SH OTHER 1 26200 0 0 First Potomac Realty Trust COM 33610F10 571 44300 SH X 44300 0 0 Forest City Enterprises Inc. CL A 34555010 1230 77592 SH OTHER 1 77592 0 0 Forest City Enterprises Inc. CL A 34555010 239477 15108988 SH X 1510551 0 3475 General Motors Co. COM 37045V10 5266 231467 SH X 231467 0 0 Glatfelter P. H. Co. COM 37731610 15978 897145 SH X 897145 0 0 Haemonetics Corporation COM 40502410 13532 168722 SH X 168722 0 0 Harman Int'l Industries, Inc. COM 41308610 34488 747131 SH X 747131 0 0 Haverty Furniture Co. Inc. COM 41959610 11929 859412 SH X 859412 0 0 HCC Insurance Holdings COM 40413210 38400 1133076 SH X 1133076 0 0 IAMGOLD Corporation COM 45091310 3999 252940 SH X 252940 0 0 ICF International, Inc. COM 44925C10 31269 1555679 SH X 1555679 0 0 Ingram Micro Inc. CL A 45715310 41342 2714526 SH X 2714526 0 0 Insteel Industries Inc. COM 45774W10 10039 855820 SH X 855820 0 0 Intel Corporation COM 45814010 8732 385000 SH X 385000 0 0 Investment Technology Grp COM 46145F10 11019 1266531 SH X 1259106 0 7425 J&J Snack Foods Corp. COM 46603210 18673 325719 SH X 325719 0 0 Jakks Pacific, Inc. COM 47012E10 14450 991767 SH X 991767 0 0 Jos A Bank Clothiers Inc. COM 48083810 21106 435347 SH X 435347 0 0 Kaiser Aluminum Corp. COM PAR $0.01 48300770 15544 266218 SH X 266218 0 0 Kearny Financial Corp. COM 48716910 5216 535494 SH X 535494 0 0 Kelly Services Inc. CL A 48815220 5746 456000 SH X 456000 0 0 Kennametal Inc. COM 48917010 46670 1258618 SH X 1258618 0 0 Keycorp COM 49326710 13440 1537766 SH OTHER 1 1537766 0 0 Keycorp COM 49326710 139419 15951879 SH X 1562267 0 32920 Kimco Realty Corp COM 49446R10 463 22845 SH X 22845 0 0 Kinross Gold Corporation COM NO PAR 49690240 50491 4938470 SH X 4938470 0 0 Leucadia National Corp. COM 52728810 11577 508875 SH OTHER 1 508875 0 0 Leucadia National Corp. COM 52728810 105650 4643963 SH X 4637078 0 6885 Lexmark International Inc. CL A 52977110 29583 1329552 SH X 1329552 0 0 Liberty Media Corporation COM A 53032210 50106 481000 SH X 481000 0 0 Lowe's Companies Inc. COM 54866110 733 24235 SH OTHER 1 24235 0 0 Lowe's Companies Inc. COM 54866110 67106 2219125 SH X 2219125 0 0 LSB Industries Inc. COM 50216010 34870 794850 SH X 794850 0 0 Madison Square Garden Inc. CL A 55826P10 49930 1239873 SH X 1239873 0 0 Mantech International Corp. CL A 56456310 38283 1595131 SH X 1595131 0 0 Minerals Technologies Inc. COM 60315810 26492 373495 SH X 373495 0 0 Montpelier Re Holdings Ltd. SHS G6218510 16088 726956 SH X 726956 0 0 Newmont Mining Corp. COM 65163910 38907 694637 SH X 694637 0 0 Oshkosh Corporation COM 68823920 58280 2124688 SH X 2124688 0 0 Park Electrochemical Corp. COM 70041620 14897 599969 SH X 599969 0 0 Pioneer Energy Serv. Corp COM 72366410 21561 2767834 SH X 2767834 0 0 Posco ADR 69348310 22494 275867 SH OTHER 1 275867 0 0 Posco ADR 69348310 215731 2645702 SH X 2614532 0 31170 Precision Drilling Corp, COM 74022D30 28066 3572500 SH X 3572500 0 0 Progress Software Corp. COM 74331210 34346 1605701 SH X 1605701 0 0 Prologis Inc. COM 74340W10 234 6680 SH X 6680 0 0 PS Business Parks, Inc. COM 69360J10 408 6100 SH X 6100 0 0 Resolute Forest Products, Inc. COM NEW 76117W10 4101 315495 SH X 315495 0 0 Rofin-Sinar Technologies Inc. COM 77504310 37145 1882689 SH X 1882689 0 0 Sanofi-Aventis SPON ADR 80105N10 551 12785 SH X 12485 0 300 Scorpio Tankers SHS Y7542C10 7016 1169331 SH X 1169331 0 0 Seacor Holdings Inc. COM 81190410 44978 539567 SH X 539567 0 0 SemGroup Corporation CL A 81663A10 36871 1000582 SH X 1000582 0 0 Sensient Technologies Corp. COM 81725T10 29891 813141 SH X 813141 0 0 Skyline Corporation COM 83083010 1058 195585 SH X 195585 0 0 Stanley Furniture Co., Inc. COM 85430520 13316 2734216 SH X 2734216 0 0 Stepan Company COM 85858610 20832 216733 SH X 216733 0 0 Superior Industries Int'l, Inc. COM 86816810 36513 2136540 SH X 2136540 0 0 Sycamore Networks, Inc. COM NEW 87120640 9403 610606 SH OTHER 1 610606 0 0 Sycamore Networks, Inc. COM NEW 87120640 49042 3184556 SH X 3182847 0 1709 Symantec Corp COM 87150310 33462 1859000 SH X 1859000 0 0 Tejon Ranch Co. COM 87908010 555 18482 SH OTHER 1 18482 0 0 Tejon Ranch Co. COM 87908010 85501 2846245 SH X 2846245 0 0 Telefex Inc. COM 87936910 54691 794472 SH X 794472 0 0 Tellabs, Inc. COM 87966410 7653 2161792 SH OTHER 1 2161792 0 0 Tellabs, Inc. COM 87966410 101609 28703208 SH X 2826953 0 43367 Terreno Realty Corp. COM 88146M10 376 23800 SH OTHER 1 23800 0 0 Terreno Realty Corp. COM 88146M10 3825 242090 SH X 242090 0 0 Thomas Properties Grp Inc. COM 88445310 380 65300 SH OTHER 1 65300 0 0 Thomas Properties Grp Inc. COM 88445310 44244 7601979 SH X 7601979 0 0 Tidewater Inc. COM 88642310 679 14000 SH X 14000 0 0 UniFirst Corp. COM 90470810 36662 548914 SH X 548914 0 0 USEC Inc. Note 3.00% 10/01/14 90333EAC 392 1000000 SH X 1000000 0 0 Vail Resorts Inc. COM 91879Q10 27115 470339 SH X 470339 0 0 Vantage Drilling Co. ORD SHS G9320511 2300 1250000 SH X 1250000 0 0 Vornado Realty Trust SH BEN INT 92904210 455 5611 SH OTHER 1 5611 0 0 Vornado Realty Trust SH BEN INT 92904210 53060 654652 SH X 654652 0 0 Westlake Chemical Corp. COM 96041310 12538 171609 SH X 171609 0 0 Westwood Holdings Group Inc. COM 96176510 19301 494781 SH X 494781 0 0 Weyerhaeuser Company COM 96216610 640 24498 SH OTHER 1 24498 0 0 Weyerhaeuser Company COM 96216610 153304 5864735 SH X 5855908 0 8827 White Mtns Insurance Grp COM G9618E10 9630 18760 SH OTHER 1 18760 0 0 White Mtns Insurance Grp COM G9618E10 91711 178656 SH X 178579 0 77 Yamana Gold Inc COM 98462Y10 695 36400 SH X 36400 0 0