13F-HR 1 tam_033113__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: March 31, 2013 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 May 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: 157 Form 13F Information Table Value Total: $5,203,658 (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 Manulife Asset Management Limited 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 CALL DSCRETN MNGRS SOLE SHARED NONE ABM Industries Inc COM 000957100 21055 946705 SH X 946705 0 0 Acadia Realty Trust COM SH BEN INT 004239109 555 19999 SH X 19999 0 0 AK Steel Corporation COM 001547108 1632 493155 SH X 493155 0 0 Alamo Group, Inc. COM 011311107 21549 563382 SH X 563382 0 0 Alico, Inc. COM 016230104 13366 288987 SH X 288987 0 0 Alleghany Corp. COM 017175100 7926 20020 SH OTHER 1 20020 0 0 Alleghany Corp. COM 017175100 101681 256823 SH X 256823 0 0 Allscripts Healthcare Sol., Inc. COM 01988P108 15916 1171137 SH X 1171137 0 0 American Eagle Outfitters COM 02553E106 7673 410302 SH X 410302 0 0 Annaly Capital Mgmt, Inc. COM 035710409 192 12105 SH X 12105 0 0 Apache Corp COM 037411105 32244 417885 SH X 417885 0 0 Applied Materials, Inc. COM 038222105 14734 1093043 SH OTHER 1 1093043 0 0 Applied Materials, Inc. COM 038222105 121679 9026659 SH X 8863009 0 16365 Arch Capital Group Ltd. ORD G0450A105 42764 813465 SH X 813465 0 0 Ascena Retail Group, Inc. COM 04351G101 22016 1186833 SH X 1186833 0 0 Assisted Living Concepts Inc CL A 04544X300 1016 85420 SH X 85420 0 0 AVX Corporation COM 002444107 6990 587417 SH OTHER 1 587417 0 0 AVX Corporation COM 002444107 41789 3511655 SH X 3511655 0 0 Bank of NY Mellon Corp. COM 064058100 39726 1419309 SH OTHER 1 1419309 0 0 Bank of NY Mellon Corp. COM 064058100 228153 8151216 SH X 8000083 0 15113 Bel Fuse Inc. CL B 077347300 14643 938064 SH X 938064 0 0 Bristow Group Inc. COM 110394103 24741 375208 SH X 371658 0 3550 Broadridge Fin. Sol. Inc. COM 11133T103 44291 1783061 SH X 1780071 0 2990 Brookfield Asset Mgmt. CL A LTD VT SH 112585104 15788 432668 SH OTHER 1 432668 0 0 Brookfield Asset Mgmt. CL A LTD VT SH 112585104 199358 5463358 SH X 5454285 0 9073 Caesars Enter. Corp. COM 127686103 4208 265340 SH X 265340 0 0 Cal Maine Foods, Inc. COM 128030202 23400 549806 SH X 549806 0 0 Capital One Financial W EXP 11/14/18 14040H139 280 15000 SH X 15000 0 0 Capital Southwest COM 140501107 7330 63738 SH X 63738 0 0 Capitol Fed. Financial, Inc. COM 14057C106 273 22615 SH X 22615 0 0 Capstead Mortgage Corp. COM NO PAR 14067E506 160 12500 SH X 12500 0 0 Cass Info. Systems, Inc. COM 14808P109 6517 155023 SH X 155023 0 0 Cavco Industries, Inc. COM 149568107 7827 164540 SH X 164540 0 0 Cedar Shopping Centers COM 150602209 813 133000 SH X 133000 0 0 Cenovus Energy Inc. COM 15135U109 595 19200 SH X 19200 0 0 Chiquita Brands Int'l Inc. COM 170032809 1895 244155 SH X 244155 0 0 Chiquita Brands Intl. Inc. NOTE 4.25% 8/15/16170032AT3 9490 10400000 SH X 1040000 0 0 Cimarex Energy Co. COM 171798101 10524 139495 SH X 139495 0 0 City National Corp. COM 178566105 17305 293760 SH X 293760 0 0 Cloud Peak Energy Inc. COM 18911Q102 39161 2085271 SH X 2085271 0 0 Comerica Inc W EXP 11/14/18 200340115 239 23100 SH X 23100 0 0 Comerica Inc. COM 200340107 91814 2553948 SH X 2551434 0 2514 Commerce Bancshares, Inc COM 200525103 13015 318764 SH X 318764 0 0 CommonWealth REIT COM SH BEN INT 203233101 331 14740 SH OTHER 1 14740 0 0 CommonWealth REIT COM SH BEN INT 203233101 29759 1326147 SH X 1326147 0 0 Compass Minerals Int'l. COM 20451N101 51657 654711 SH X 654711 0 0 Consolidated Tomoka Ld. Co. COM 210226106 551 14035 SH OTHER 1 14035 0 0 Consolidated Tomoka Ld. Co. COM 210226106 20988 534720 SH X 534720 0 0 Covanta Holding Corp. COM 22282E102 158881 7884928 SH X 7884928 0 0 Cowen group Inc CL A 223622101 4431 1571140 SH X 1571140 0 0 Cross Country Healthcare Inc. COM 227483104 10766 2027589 SH X 2027589 0 0 Darling International Inc. COM 237266101 13206 735306 SH X 735306 0 0 Devon Energy Corp. COM 25179M103 15741 278990 SH OTHER 1 278990 0 0 Devon Energy Corp. COM 25179M103 203813 3612432 SH X 3535565 0 76867 Eldorado Gold Corp. COM 284902103 702 73500 SH X 73500 0 0 Electro Scientific Ind., Inc. COM 285229100 23515 2128099 SH X 2128099 0 0 Electronics for Imaging Inc. COM 286082102 51386 2026262 SH X 2015912 0 10350 EMCOR Group, Inc. COM 29084Q100 46337 1093108 SH X 1093108 0 0 Encana Corporation COM 292505104 9545 490514 SH OTHER 1 490514 0 0 Encana Corporation COM 292505104 53060 2726634 SH X 2722895 0 3739 Encore Wire Corp. COM 292562105 27197 776623 SH X 776623 0 0 EnerSys COM 29275Y102 42870 940550 SH X 940550 0 0 ERA Group Inc. COM 26885G109 8247 392727 SH X 392727 0 0 Excel Trust, Inc. COM 30068C109 420 30800 SH OTHER 1 30800 0 0 Excel Trust, Inc. COM 30068C109 13474 987141 SH X 987141 0 0 First Ind. Realty Trust, Inc. COM 32054K103 906 52895 SH OTHER 1 52895 0 0 First Ind. Realty Trust, Inc. COM 32054K103 73964 4317811 SH X 4317811 0 0 First Niagara Fin. Group, Inc. COM 33582V108 4228 477184 SH X 477184 0 0 First Potomac Realty Trust COM 33610F109 416 28050 SH OTHER 1 28050 0 0 First Potomac Realty Trust COM 33610F109 5403 364315 SH X 364315 0 0 Forest City Enterprises Inc. CL A 345550107 1471 82792 SH OTHER 1 82792 0 0 Forest City Enterprises Inc. CL A 345550107 247532 13929759 SH X 1392628 0 3475 General Motors Co. COM 37045V100 4770 171467 SH X 171467 0 0 Glatfelter P. H. Co. COM 377316104 24481 1047095 SH X 1047095 0 0 Haemonetics Corp. COM 405024100 2416 58000 SH X 58000 0 0 Harman Int'l Industries, Inc. COM 413086109 46559 1043232 SH X 1043232 0 0 HCC Insurance Holdings COM 404132102 52121 1240091 SH X 1240091 0 0 Hyatt Hotels Corp. CL A 448579102 170 3926 SH OTHER 1 3926 0 0 Hyatt Hotels Corp. CL A 448579102 15105 349411 SH X 349411 0 0 Hyster-Yale Mat. Hand., Inc. CL A 449172105 13366 234119 SH X 234119 0 0 IAMGOLD Corp. COM 450913108 1821 252940 SH X 252940 0 0 ICF International, Inc. COM 44925C103 44320 1629399 SH X 1629399 0 0 Ingram Micro Inc. CL A 457153104 62609 3181376 SH X 3181376 0 0 Insteel Industries Inc. COM 45774W108 11003 674222 SH X 674222 0 0 Intel Corporation COM 458140100 78781 3605523 SH X 3435523 0 17000 Investment Tech. Group COM 46145F105 11205 1014916 SH X 1007491 0 7425 J&J Snack Foods Corp. COM 466032109 26571 345568 SH X 345568 0 0 Jakks Pacific, Inc. COM 47012E106 15260 1454693 SH X 1454693 0 0 Jos A Bank Clothiers Inc. COM 480838101 23165 580566 SH X 580566 0 0 Kaiser Aluminum Corp. COM PAR $0.01 483007704 28729 444375 SH X 444375 0 0 Kearny Financial Corp. COM 487169104 5462 535494 SH X 535494 0 0 Kelly Services Inc. CL A 488152208 5301 283800 SH X 283800 0 0 Kennametal Inc. COM 489170100 47067 1205613 SH X 1205613 0 0 Keycorp COM 493267108 15503 1556516 SH OTHER 1 1556516 0 0 Keycorp COM 493267108 195525 19631029 SH X 1921032 0 42070 Kimco Realty Corp COM 49446R109 583 26045 SH X 26045 0 0 Kinross Gold Corp. COM NO PAR 496902404 45301 5725454 SH X 5725454 0 0 Leucadia National Corp. COM 527288104 20963 764230 SH OTHER 1 764230 0 0 Leucadia National Corp. COM 527288104 141292 5151018 SH X 5142590 0 8428 Lexmark International Inc. CL A 529771107 1197 45326 SH X 45326 0 0 Liberty Media Corp. CL A 531229102 45634 408799 SH X 408799 0 0 Lowe's Companies Inc. COM 548661107 732 19295 SH OTHER 1 19295 0 0 Lowe's Companies Inc. COM 548661107 70397 1856460 SH X 1856460 0 0 LSB Industries Inc. COM 502160104 34466 990975 SH X 990975 0 0 Madison Sq. Garden Inc. CL A 55826P100 48343 839281 SH X 839281 0 0 Mantech International Corp. CL A 564563104 51515 1917195 SH X 1914042 0 3153 Minerals Technologies Inc. COM 603158106 28462 685673 SH X 685673 0 0 Montpelier Re Holdings Ltd. SHS G62185106 4583 175928 SH X 175928 0 0 Newmont Mining Corp. COM 651639106 41869 999509 SH X 999509 0 0 NVIDIA Corp COM 67066G104 42442 3310646 SH X 3305070 0 5576 Orbital Sciences Corp. COM 685564106 12869 771073 SH X 771073 0 0 Oshkosh Corporation COM 688239201 63908 1504067 SH X 1504067 0 0 Park Electrochemical Corp. COM 700416209 15203 599954 SH X 599954 0 0 Pioneer Energy Serv. Corp COM 723664108 13962 1692417 SH X 1692417 0 0 PNC Financial Serv. Group W EXP 12/31/18 693475121 15833 1292500 SH X 1292500 0 0 Posco ADR ADR 693483109 21020 285177 SH OTHER 1 285177 0 0 Posco ADR ADR 693483109 182900 2481343 SH X 2428673 0 52670 Precision Drilling Corp, COM 74022D308 30683 3320400 SH X 3320400 0 0 Progress Software Corp. COM 743312100 40093 1759997 SH X 1759997 0 0 Prologis Inc. COM 74340W103 355 8880 SH X 8880 0 0 PS Business Parks, Inc. COM 69360J107 481 6100 SH X 6100 0 0 Resolute Forest Prod., Inc. COM NEW 76117W109 5105 315495 SH X 315495 0 0 Rofin-Sinar Tech. Inc. COM 775043102 40849 1507886 SH X 1506090 0 1796 Sanofi-Aventis SPON ADR 80105N105 638 12485 SH X 12185 0 300 Seacor Holdings Inc. COM 811904101 33212 450758 SH X 450758 0 0 SemGroup Corp. CL A 81663A105 51927 1004001 SH X 1004001 0 0 Sensient Technologies Corp. COM 81725T100 35409 905837 SH X 905837 0 0 Spanish Broadcasting Sys., Inc CL A 846425833 757 294551 SH X 294551 0 0 Stanley Furniture Co., Inc. COM 854305208 9834 2214962 SH X 2214962 0 0 Starz- Liberty Capital CL A 85571Q102 13639 615764 SH X 615764 0 0 Stepan Company COM 858586100 28917 458267 SH X 458267 0 0 Superior Industries Int'l, Inc. COM 868168105 33141 1774144 SH X 1774144 0 0 Symantec Corp COM 871503108 47529 1925795 SH X 1925795 0 0 Tejon Ranch Co. COM 879080109 550 18482 SH OTHER 1 18482 0 0 Tejon Ranch Co. COM 879080109 76466 2567712 SH X 2567712 0 0 Telefex Inc. COM 879369106 64901 767974 SH X 767974 0 0 Tellabs, Inc. COM 879664100 5561 2660992 SH OTHER 1 2660992 0 0 Tellabs, Inc. COM 879664100 68402 32728458 SH X 3193815 0 79030 Terreno Realty Corp. COM 88146M101 460 25600 SH OTHER 1 25600 0 0 Terreno Realty Corp. COM 88146M101 2780 154590 SH X 154590 0 0 Thomas Prop. Group Inc. COM 884453101 335 65300 SH OTHER 1 65300 0 0 Thomas Prop. Group Inc. COM 884453101 38898 7582479 SH X 7582479 0 0 Tidewater Inc. COM 886423102 707 14000 SH X 14000 0 0 UniFirst Corp. COM 904708104 54835 605910 SH X 605910 0 0 USEC Inc. NOTE 3% 10/01/14 90333EAC2 340 1000000 SH X 1000000 0 0 Vail Resorts Inc. COM 91879Q109 28041 449945 SH X 449945 0 0 Vantage Drilling Co. ORD SHS G93205113 2310 1320161 SH X 1320161 0 0 Vornado Realty Trust SH BEN INT 929042109 511 6111 SH OTHER 1 6111 0 0 Vornado Realty Trust SH BEN INT 929042109 54910 656508 SH X 656508 0 0 Weight Watchers Int'l COM 948626106 21094 500920 SH X 500920 0 0 Wells Fargo & Co. W EXP 10/28/18 949746119 11303 945080 SH X 945080 0 0 Westwood Holdings Grp Inc. COM 961765104 21983 494781 SH X 494781 0 0 Weyerhaeuser Company COM 962166104 832 26498 SH OTHER 1 26498 0 0 Weyerhaeuser Company COM 962166104 193304 6160101 SH X 6151274 0 8827 White Mtns Insurance Grp COM G9618E107 15134 26685 SH OTHER 1 26685 0 0 White Mtns Insurance Grp COM G9618E107 133845 236009 SH X 235832 0 177 Yamana Gold Inc COM 98462Y100 1676 108800 SH X 108800 0 0