13F-HR 1 tam123112__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: December 31, 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 February 14, 2013 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: 143 Form 13F Information Table Value Total: $4,630,793 (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 502 19999 SH X 19999 0 0 Alamo Group, Inc. COM 011311107 18663 571776 SH X 571776 0 0 Alico, Inc. COM 016230104 6823 186273 SH X 186273 0 0 Alleghany Corp. COM 017175100 6557 19550 SH OTHER 1 19550 0 0 Alleghany Corp. COM 017175100 105046 313177 SH X 305806 0 7,371 Allscripts Healthcare Sol., Inc. COM 01988P108 11638 1235495 SH X 1235495 0 0 American Eagle Outfitters COM 02553E106 8429 410989 SH X 410989 0 0 Annaly Capital Mgmt, Inc. COM 035710409 170 12105 SH X 12105 0 0 Applied Materials, Inc. COM 038222105 12129 1060248SH OTHER 1 1060248 0 0 Applied Materials, Inc. COM 038222105 100565 8790659 SH X 8532009 0 258,65 Arch Capital Group Ltd. ORD G0450A105 34965 794290 SH X 794290 0 0 Assisted Living Concepts Inc CL A 04544X300 833 85420 SH X 85420 0 0 AVX Corporation COM 002444107 6025 558887SH OTHER 1 558887 0 0 AVX Corporation COM 002444107 37586 3486655 SH X 3486655 0 0 Bank of NY Mellon Corp. COM 064058100 36301 1412489SH OTHER 1 1412489 0 0 Bank of NY Mellon Corp. COM 064058100 228173 8878341 SH X 8732208 0 146,13 Bel Fuse Inc. CL B CL B 077347300 20867 1067342 SH X 1067342 0 0 Bristow Group Inc. COM 110394103 35201 656006 SH X 652456 0 3,550 Broadridge Financial Sol. Inc. COM 11133T103 46310 2024036 SH X 2021361 0 2,675 Brookfield Asset Mgmt. CL A LTD VT SH 112585104 15824 431768SH OTHER 1 431768 0 0 Brookfield Asset Mgmt. CL A LTD VT SH 112585104 232853 6353428 SH X 6344355 0 9,073 Brookfield Properties COM 112900105 639 37550 SH X 37550 0 0 Cal-Maine Foods, Inc. COM 128030202 11793 293202 SH X 293202 0 0 Capital Southwest COM 140501107 6350 63738 SH X 63738 0 0 Capitol Federal Financial, Inc. COM 14057C106 264 22615 SH X 22615 0 0 Capstead Mortgage Corp. COM NO PAR 14067E506 143 12500 SH X 12500 0 0 Cavco Industries, Inc. COM 149568107 19321 386578 SH X 386578 0 0 Cedar Shopping Centers COM 150602209 702 133000 SH X 133000 0 0 Cenovus Energy Inc. COM 15135U109 644 19200 SH X 19200 0 0 Chiquita Brands Intl. Inc. Note 4.25% 8/15/16 170032AT3 12855 14776000 SH X 14776000 0 0 Cimarex Energy Co. COM 171798101 8793 152315 SH X 152315 0 0 Cloud Peak Energy Inc. COM 18911Q102 38224 1977466 SH X 1977466 0 0 Comerica Inc. COM 200340107 3869 127530SH OTHER 1 127530 0 0 Comerica Inc. COM 200340107 72195 2379524 SH X 2377010 0 2,514 Compass Minerals Int'l COM 20451N101 45908 614476 SH X 614476 0 0 Consolidated Tomoka Land Co. COM 210226106 407 13135SH OTHER 1 13135 0 0 Consolidated Tomoka Land Co. COM 210226106 15859 511420 SH X 511420 0 0 Covanta Holding Corp. COM 22282E102 145240 7884928 SH X 7884928 0 0 Cowen group Inc- Class A COM 223622101 3849 1571140 SH X 1571140 0 0 Cross Country Healthcare Inc. COM 227483104 11293 2352804 SH X 2352804 0 0 Darling International Inc. COM 237266101 14983 934133 SH X 934133 0 0 Devon Energy Corp. COM 25179M103 10984 211075SH OTHER 1 211075 0 0 Devon Energy Corp. COM 25179M103 172360 3312061 SH X 3241889 0 70,172 Eldorado Gold Corporation COM 284902103 643 50000 SH X 50000 0 0 Electro Scientific Ind., Inc. COM 285229100 19926 2002663 SH X 2002663 0 0 Electronics for Imaging Inc. COM 286082102 39456 2077721 SH X 2067371 0 10,350 EMCOR Group, Inc. COM 29084Q100 39940 1154008 SH X 1154008 0 0 Encana Corporation COM 292505104 8817 446214SH OTHER 1 446214 0 0 Encana Corporation COM 292505104 42167 2133941 SH X 2130425 0 3,517 Encore Wire Corporation COM 292562105 23276 767925 SH X 767925 0 0 EnerSys COM 29275Y102 31031 824622 SH X 824622 0 0 Excel Trust, Inc. COM 30068C109 364 28700SH OTHER 1 28700 0 0 Excel Trust, Inc. COM 30068C109 12775 1008291 SH X 1008291 0 0 First Ind. Realty Trust, Inc. COM 32054K103 697 49495SH OTHER 1 49495 0 0 First Ind. Realty Trust, Inc. COM 32054K103 60776 4316511 SH X 4316511 0 0 First Niagara Fin. Group, Inc. COM 33582V108 3784 477184 SH X 477184 0 0 First Potomac Realty Trust COM 33610F109 324 26200SH OTHER 1 26200 0 0 First Potomac Realty Trust COM 33610F109 4316 349215 SH X 349215 0 0 Forest City Enterprises Inc. CL A 345550107 1253 77592SH OTHER 1 77592 0 0 Forest City Enterprises Inc. CL A 345550107 228963 14177249 SH X 14173774 0 3,475 General Motors Co. COM 37045V100 6673 231467 SH X 231467 0 0 Glatfelter P. H. Co. COM 377316104 17893 1023603 SH X 1023603 0 0 Haemonetics Corp. COM 405024100 3186 78000 SH X 78000 0 0 Harman Int'l Industries, Inc. COM 413086109 49091 1099702 SH X 1099702 0 0 HCC Insurance Holdings COM 404132102 45169 1213891 SH X 1213891 0 0 Hyster-Yale Mat. Handling, Inc. COM 449172105 7904 161960 SH X 161960 0 0 IAMGOLD Corporation COM 450913108 2901 252940 SH X 252940 0 0 ICF International, Inc. COM 44925C103 37882 1616124 SH X 1616124 0 0 Ingram Micro Inc. CL A 457153104 49631 2933251 SH X 2933251 0 0 Insteel Industries Inc. COM 45774W108 10681 855820 SH X 855820 0 0 Intel Corporation COM 458140100 9490 460000 SH X 460000 0 0 Investment Tech. Group COM 46145F105 9137 1015196 SH X 1007771 0 7,425 J&J Snack Foods Corp. COM 466032109 23397 365915 SH X 365915 0 0 Jakks Pacific, Inc. COM 47012E106 18369 1467149 SH X 1467149 0 0 Jos A Bank Clothiers Inc. COM 480838101 23243 545867 SH X 545867 0 0 Kaiser Aluminum Corp. COM PAR $0.01 483007704 16096 260923 SH X 260923 0 0 Kearny Financial Corp. COM 487169104 5221 535494 SH X 535494 0 0 Kelly Services Inc. CL A 488152208 6375 405000 SH X 405000 0 0 Kennametal Inc. COM 489170100 54082 1352055 SH X 1352055 0 0 Keycorp COM 493267108 12948 1537766SH OTHER 1 1537766 0 0 Keycorp COM 493267108 159334 18923309 SH X 18537609 0 385,70 Kimco Realty Corp COM 49446R109 441 22845 SH X 22845 0 0 Kinross Gold Corp. COM NO PAR 496902404 53585 5523264 SH X 5523264 0 0 Leucadia National Corp. COM 527288104 14332 602430SH OTHER 1 602430 0 0 Leucadia National Corp. COM 527288104 113131 4755405 SH X 4748430 0 6,975 Lexmark International Inc. CL A 529771107 18350 791275 SH X 791275 0 0 Liberty Media Corp. COM A 530322106 51131 440750 SH X 440750 0 0 Lowe's Companies Inc. COM 548661107 861 24235SH OTHER 1 24235 0 0 Lowe's Companies Inc. COM 548661107 78601 2212860 SH X 2212860 0 0 LSB Industries Inc. COM 502160104 31355 885236 SH X 885236 0 0 Madison Sq. Garden Inc. CL A 55826P100 55875 1259873 SH X 1259873 0 0 Mantech International Corp. CL A 564563104 41389 1595556 SH X 1595556 0 0 Minerals Technologies Inc. COM 603158106 30379 760990 SH X 760990 0 0 Montpelier Re Holdings Ltd. SHS G62185106 16618 726956 SH X 726956 0 0 Newmont Mining Corp. COM 651639106 40821 878999 SH X 878999 0 0 NVIDIA Corp COM 67066G104 21035 1711537 SH X 1711537 0 0 Oshkosh Corporation COM 688239201 62163 2096565 SH X 2096565 0 0 Park Electrochemical Corp. COM 700416209 15450 600454 SH X 600454 0 0 Pioneer Energy Serv. Corp COM 723664108 27561 3796318 SH X 3796318 0 0 Posco ADR 693483109 22662 275867SH OTHER 1 275867 0 0 Posco ADR 693483109 213260 2595978 SH X 2554308 0 41,670 Precision Drilling Corp, COM 74022D308 27279 3304300 SH X 3304300 0 0 Progress Software Corp. COM 743312100 35293 1681436 SH X 1681436 0 0 Prologis Inc. COM 74340W103 244 6680 SH X 6680 0 0 PS Business Parks, Inc. COM 69360J107 396 6100 SH X 6100 0 0 Resolute Forest Prod., Inc. COM NEW 76117W109 4177 315495 SH X 315495 0 0 Rofin-Sinar Tech. Inc. COM 775043102 44590 2056734 SH X 2054938 0 1,796 Sanofi-Aventis SPON ADR 80105N105 606 12785 SH X 12485 0 300 Scorpio Tankers SHS Y7542C106 4579 644025 SH X 644025 0 0 Seacor Holdings Inc. COM 811904101 39547 471917 SH X 471917 0 0 SemGroup Corp. CL A 81663A105 39103 1000582 SH X 1000582 0 0 Sensient Technologies Corp. COM 81725T100 32089 902402 SH X 902402 0 0 Spanish Broadcasting Sys., Inc Com Class A 846425833 520 210700 SH X 210700 0 0 Stanley Furniture Co., Inc. COM 854305208 10988 2441716 SH X 2441716 0 0 Stepan Company COM 858586100 24911 448516 SH X 448516 0 0 Superior Industries Int'l, Inc. COM 868168105 42931 2104456 SH X 2104456 0 0 Sycamore Networks, Inc. COM NEW 871206405 8692 3880310 SH X 3880310 0 0 Symantec Corp COM 871503108 35814 1904000 SH X 1904000 0 0 Tejon Ranch Co. COM 879080109 519 18482SH OTHER 1 18482 0 0 Tejon Ranch Co. COM 879080109 73772 2627194 SH X 2627194 0 0 Telefex Inc. COM 879369106 57545 806972 SH X 806972 0 0 Tellabs, Inc. COM 879664100 4929 2161792SH OTHER 1 2161792 0 0 Tellabs, Inc. COM 879664100 75268 33012358 SH X 32401433 0 610,92 Terreno Realty Corp. COM 88146M101 367 23800SH OTHER 1 23800 0 0 Terreno Realty Corp. COM 88146M101 3417 221290 SH X 221290 0 0 Thomas Properties Grp Inc. COM 884453101 353 65300SH OTHER 1 65300 0 0 Thomas Properties Grp Inc. COM 884453101 41021 7582479 SH X 7582479 0 0 THQ Inc. NOTE 5.000% 8/1/14 872443AB2 2880 24000000 SH X 24000000 0 0 Tidewater Inc. COM 886423102 626 14000 SH X 14000 0 0 UniFirst Corp. COM 904708104 44088 601305 SH X 601305 0 0 USEC Inc. Note 3.00% 10/01/14 90333EAC2 380 1000000 SH X 1000000 0 0 Vail Resorts Inc. COM 91879Q109 24359 450339 SH X 450339 0 0 Vantage Drilling Co. ORD SHS G93205113 1792 979200 SH X 979200 0 0 Vornado Realty Trust SH BEN INT 929042109 449 5611SH OTHER 1 5611 0 0 Vornado Realty Trust SH BEN INT 929042109 52333 653508 SH X 653508 0 0 Weight Watchers Int'l COM 948626106 24937 476252 SH X 476252 0 0 Westlake Chemical Corp. COM 960413102 5987 75504 SH X 75504 0 0 Westwood Holdings Grp Inc. COM 961765104 20237 494781 SH X 494781 0 0 Weyerhaeuser Company COM 962166104 682 24498SH OTHER 1 24498 0 0 Weyerhaeuser Company COM 962166104 161115 5791328 SH X 5782501 0 8,827 White Mtns Insurance Grp COM G9618E107 12831 24915SH OTHER 1 24915 0 0 White Mtns Insurance Grp COM G9618E107 108932 211519 SH X 211358 0 161 Yamana Gold Inc COM 98462Y100 1870 108800 SH X 108800 0 0