Investment adviser · CRD 107545

THIRD AVENUE MANAGEMENT LLC

Investment adviser filing (IA)

NEW YORK, NY, United States · Form ADV filed Mar 27, 2026

Regulatory AUM: $1.63B
Client accounts: 17
Employees: 19
Advisory professionals: 8

Who they report serving

Form ADV · Item 5.D

Client types and their share of reported regulatory assets.

Client type	Clients	Regulatory assets	Share of AUM
Investment companies	5	$1,567,599,226	96.4%
Pooled investment vehicles	2	$28,936,031	1.8%
Individuals	9	$28,523,830	1.8%
Charities	Fewer than 5	$1,341,436	0.1%

Filing source

Form ADV 2065757 · Mar 27, 2026 · Item 5.D

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

Private funds & service providers

8 Private funds

The count excludes feeder funds. Funds in the latest filing appear first, ordered by reported gross assets. Earlier funds retain their last reported values.

THIRD AVENUE GLOBAL VALUE (MASTER) FUND, L.P.Hedge Fund · Last reported Mar 31, 2014$172MGross asset value

Feeder funds

Fund administrator INTERNATIONAL FUND SERVICES NEW YORK, New York, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor PRICEWATERHOUSECOOPERS GRAND CAYMAN, Cayman Islands

Auditor PRICEWATERHOUSECOOPERS LLP NEW YORK, New York, United States

Custodian J.P. MORGAN CLEARING CORP. NEW YORK, New York, United States Related to adviser: No

Custodian MORGAN STANLEY & CO. LLC NEW YORK, New York, United States Related to adviser: No

Prime broker J.P. MORGAN CLEARING CORP. NEW YORK, New York, United States

Prime broker MORGAN STANLEY & CO. LLC NEW YORK, New York, United States

Provider details

Annual audit: Yes
Prime brokers: Yes
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: No

J.P. MORGAN CLEARING CORP.
SEC 8-43724

MORGAN STANLEY & CO. LLC
SEC 8-15869

J.P. MORGAN CLEARING CORP.
CRD 28432 · SEC 8-43724

MORGAN STANLEY & CO. LLC
CRD 8209 · SEC 8-15869

Fund details & source

Fund ID: 805-9186319107
Reported beneficial owners: 82
Minimum commitment: $1M
Form D file number: 021-57058
Form D file number: 021-80080

Form ADV 780262 · Mar 31, 2014 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

WHITMAN HIGH CONVICTION FUNDOther Private Fund · Last reported Mar 30, 2016$147MGross asset value

Form D fundraising filings

Whitman High Conviction Fund

Fund administrator BNY MELLON ASSET SERVICING NEW YORK, New York, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor PRICEWATERHOUSECOOPERS LLP NEW YORK, New York, United States

Custodian JPMORGAN CHASE NEW YORK, New York, United States Related to adviser: No

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: No

Fund details & source

Fund ID: 805-4408406235
Reported beneficial owners: 38
Minimum commitment: $50K
Form D file number: 021-174483

Form ADV 978073 · Mar 30, 2016 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

THIRD AVENUE EMERGING MARKETS (MASTER) FUND, L.P.Hedge Fund · Last reported Mar 31, 2014$36.7MGross asset value

Feeder funds

Fund administrator INTERNATIONAL FUND SERVICES NEW YORK, New York, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor PRICEWATERHOUSECOOPERS GRAND CAYMAN, Cayman Islands

Auditor PRICEWATERHOUSECOOPERS LLP NEW YORK, New York, United States

Custodian J.P. MORGAN CLEARING CORP. NEW YORK, New York, United States Related to adviser: No

Custodian MORGAN STANLEY & CO. LLC NEW YORK, New York, United States Related to adviser: No

Prime broker J.P. MORGAN CLEARING CORP. NEW YORK, New York, United States

Prime broker MORGAN STANLEY & CO. LLC NEW YORK, New York, United States

Provider details

Annual audit: Yes
Prime brokers: Yes
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: No

J.P. MORGAN CLEARING CORP.
SEC 8-43724

MORGAN STANLEY & CO. LLC
SEC 8-15869

J.P. MORGAN CLEARING CORP.
CRD 28432 · SEC 8-43724

MORGAN STANLEY & CO. LLC
CRD 8209 · SEC 8-15869

Fund details & source

Fund ID: 805-6451945897
Reported beneficial owners: 37
Minimum commitment: $1M
Form D file number: 021-140409
Form D file number: 021-151830

Form ADV 780262 · Mar 31, 2014 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

THIRD AVENUE INSTITUTIONAL INTERNATIONAL VALUE FUND, L.P.Other Private Fund · Last reported Mar 31, 2015$22.8MGross asset value

Form D fundraising filings

Third Avenue Institutional International Value Fund LP

Fund administrator INTERNATIONAL FUND SERVICES NEW YORK, New York, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor PRICEWATERHOUSECOOPERS LLP NEW YORK, New York, United States

Custodian J.P. MORGAN CLEARING CORP. NEW YORK, New York, United States Related to adviser: No

Custodian MORGAN STANLEY & CO. LLC NEW YORK, New York, United States Related to adviser: No

Prime broker J.P. MORGAN CLEARING CORP. NEW YORK, New York, United States

Prime broker MORGAN STANLEY & CO. LLC NEW YORK, New York, United States

Provider details

Annual audit: Yes
Prime brokers: Yes
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: No

J.P. MORGAN CLEARING CORP.
SEC 8-43724

MORGAN STANLEY & CO. LLC
SEC 8-15869

J.P. MORGAN CLEARING CORP.
CRD 28432 · SEC 8-43724

MORGAN STANLEY & CO. LLC
CRD 8209 · SEC 8-15869

Fund details & source

Fund ID: 805-8525034252
Reported beneficial owners: 4
Minimum commitment: $10M
Form D file number: 021-111060

Form ADV 881626 · Mar 31, 2015 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

THIRD AVENUE REAL ESTATE OPPORTUNITIES FUND, L.P.Hedge Fund · Last reported Nov 5, 2025$18.6MGross asset value

Form D fundraising filings

THIRD AVENUE REAL ESTATE OPPORTUNITIES FUND LP

Fund administrator PIEDMONT FUND SERVICES, INC. HAMDEN, Virginia, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor WITHUMSMITH & BROWN NEW YORK, New York, United States

Custodian PERSHING LLC JERSEY CITY, New Jersey, United States Related to adviser: No

Prime broker BTIG, LLC SAN FRANCISCO, California, United States

Provider details

Annual audit: Yes
Prime brokers: Yes
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: No

WITHUMSMITH & BROWN
PCAOB 100

PERSHING LLC
SEC 8-17574

BTIG, LLC
CRD 122225 · SEC 8-65473

Fund details & source

Fund ID: 805-3019953873
Reported beneficial owners: 12
Minimum commitment: $1M
Form D file number: 021-86636

Form ADV 2025841 · Nov 5, 2025 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

THIRD AVENUE SPECIAL SITUATIONS (MASTER) FUND, L.P.Hedge Fund · Last reported Mar 31, 2017$6.91MGross asset value

Feeder funds

Fund administrator INTERNATIONAL FUND SERVICES NEW YORK, New York, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor PRICEWATERHOUSECOOPERS GRAND CAYMAN, Cayman Islands

Auditor PRICEWATERHOUSECOOPERS LLP NEW YORK, New York, United States

Custodian J.P. MORGAN CLEARING CORP. NEW YORK, New York, United States Related to adviser: No

Prime broker J.P. MORGAN CLEARING CORP. NEW YORK, New York, United States

Provider details

Annual audit: Yes
Prime brokers: Yes
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: No

J.P. MORGAN CLEARING CORP.
SEC 8-43724

J.P. MORGAN CLEARING CORP.
CRD 28432 · SEC 8-43724

Fund details & source

Fund ID: 805-1418527997
Reported beneficial owners: 54
Minimum commitment: $1M
Form D file number: 021-56122
Form D file number: 021-92207

Form ADV 1078261 · Mar 31, 2017 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

THIRD AVENUE VALUE INCOME FUND, L.P.Other Private Fund · Last reported Mar 31, 2015$6.44MGross asset value

Fund administrator INTERNATIONAL FUND SERVICES NEW YORK, New York, United States Investor statements: No (provided to no investors) Related to adviser: No

Custodian J.P. MORGAN CLEARING CORP. NEW YORK, New York, United States Related to adviser: No

Prime broker J.P. MORGAN CLEARING CORP. NEW YORK, New York, United States

Provider details

Annual audit: No
Prime brokers: Yes
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: No

J.P. MORGAN CLEARING CORP.
SEC 8-43724

J.P. MORGAN CLEARING CORP.
CRD 28432 · SEC 8-43724

Fund details & source

Fund ID: 805-1315681303
Reported beneficial owners: 1
Minimum commitment: $0

Form ADV 881626 · Mar 31, 2015 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

Services & filing details

Most recent filing: Mar 27, 2026. View historical filings

Reported services

Individual portfolio management · Investment company portfolio management · Pooled investment vehicle management · Business portfolio management

Compensation

Percentage of assets

Principal office

6 GRAND CENTRAL AT 666 THIRD AVENUE, SUITE 1040
NEW YORK, NY, 10017-4011, United States

CRD 107545

Filing source

Form ADV 2065757 · Mar 27, 2026 · Items 1 & 5

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.