Hedge Fund Activity: Third Quarter Tech Stock Position Changes

Wall St. Watchdog reveals information regarding Third Avenue Management’s top holdings in the Technology sector for the quarter ending September 30th, 2011. The firm held 16 stocks in the Technology sector at the end of the quarter with an aggregate market value of $8.534 million.

  • Sycamore Networks Inc. (NASDAQ:SCMR): On 06/30/2011, Third Avenue Management reported holding 94,933 shares with a market value of $2,111,310. This comprised 1.09% of the total portfolio. On 09/30/2011, Third Avenue Management reported holding 76,423 shares with a market value of $1,379,435. This comprised 1.08% of the total portfolio. The net change in shares for this position over the two quarters is -18,510. About Company: Sycamore Networks, Inc. develops and markets software-based optical networking products. The Company’s customers include local exchange carriers, incumbent local exchange carriers, long distance carriers, Internet service providers, cable operators, international telephone companies, and wholesale carriers.
  • Mantech International Corporation (NASDAQ:MANT): On 06/30/2011, Third Avenue Management reported holding 42,433 shares with a market value of $1,884,874. This comprised 0.97% of the total portfolio. On 09/30/2011, Third Avenue Management reported holding 34,339 shares with a market value of $1,077,558. This comprised 0.84% of the total portfolio. The net change in shares for this position over the two quarters is -8,094. About Company: ManTech International Corporation delivers a variety of information technology and technical services to United States federal government customers. The Company focuses on critical national defense programs for the intelligence community and Department of Defense. ManTech designs, develops, and operates enterprise information technology and communication systems and infrastructures.
  • Lexmark International Inc. (NYSE:LXK): On 06/30/2011, Third Avenue Management reported holding 38,224 shares with a market value of $1,118,434. This comprised 0.58% of the total portfolio. On 09/30/2011, Third Avenue Management reported holding 36,894 shares with a market value of $997,245. This comprised 0.78% of the total portfolio. The net change in shares for this position over the two quarters is -1,330. About Company: Lexmark International, Inc. develops, manufactures, and supplies printing and imaging solutions for offices and homes. The Company’s products include laser printers, inkjet printers, multifunction devices, and associated supplies, services and solutions. Lexmark’s products are sold in North and South America, Europe, the Middle East, Africa, Asia, the Pacific Rim and the Caribbean.
  • Avx Corp. (NYSE:AVX): On 06/30/2011, Third Avenue Management reported holding 89,167 shares with a market value of $1,358,905. This comprised 0.7% of the total portfolio. On 09/30/2011, Third Avenue Management reported holding 68,811 shares with a market value of $816,787. This comprised 0.64% of the total portfolio. The net change in shares for this position over the two quarters is -20,356. About Company: AVX Corporation manufactures and supplies a variety of passive electronic components and related products. The Company’s products include ceramic and tantalum capacitors which are used in many electronic products to store, filter, or regulate electric energy. AVX’s customers include original equipment manufacturers in various industries.
  • Synopsys Inc. (NASDAQ:SNPS): On 06/30/2011, Third Avenue Management reported holding 36,009 shares with a market value of $925,791. This comprised 0.48% of the total portfolio. On 09/30/2011, Third Avenue Management reported holding 32,501 shares with a market value of $791,724. This comprised 0.62% of the total portfolio. The net change in shares for this position over the two quarters is -3,508. About Company: Synopsys, Inc. supplies electronic design automation solutions to the global electronics market. The Company provides design technologies to creators of advanced integrated circuits, electronic systems, and systems on a chip. Synopsys also provides consulting services and support to its customers to streamline the overall design process and accelerate time to market.
  • Broadridge Financial Solutions Inc. (NYSE:BR): On 06/30/2011, Third Avenue Management reported holding 39,734 shares with a market value of $956,397. This comprised 0.49% of the total portfolio. On 09/30/2011, Third Avenue Management reported holding 35,829 shares with a market value of $721,596. This comprised 0.56% of the total portfolio. The net change in shares for this position over the two quarters is -3,905. About Company: Broadridge Financial Solutions Inc. provides technology-based outsourcing solutions to the financial services industry. The Company offers a broad range of solutions that help clients serve their retail and institutional customers across the entire investment lifecycle, including pre-trade, trade, and post-trade processing.
  • Applied Materials Inc. (NASDAQ:AMAT): On 06/30/2011, Third Avenue Management reported holding 48,340 shares with a market value of $628,903. This comprised 0.32% of the total portfolio. On 09/30/2011, Third Avenue Management reported holding 52,498 shares with a market value of $543,879. This comprised 0.42% of the total portfolio. The net change in shares for this position over the two quarters is 4,158. About Company: Applied Materials, Inc. develops, manufactures, markets, and services semiconductor wafer fabrication equipment and related spare parts for the worldwide semiconductor industry. The Company’s customers include semiconductor wafer and integrated circuit manufacturers, flat panel liquid crystal displays, solar photovoltaic cells and modules and other electronic devices manufacturers.
  • Park Electrochemical Corp. (NYSE:PKE): On 06/30/2011, Third Avenue Management reported holding 29,500 shares with a market value of $824,525. This comprised 0.43% of the total portfolio. On 09/30/2011, Third Avenue Management reported holding 24,609 shares with a market value of $525,894. This comprised 0.41% of the total portfolio. The net change in shares for this position over the two quarters is -4,891. About Company: Park Electrochemical Corp. designs and produces electronic materials used to fabricate complex multilayer printed circuit boards and interconnection systems. Park specializes in advanced materials for high layer count circuit boards and high speed RF/Microwave electronic systems. Park’s electronic materials business operates under the Nelco name.
  • Tellabs Inc. (NASDAQ:TLAB): On 06/30/2011, Third Avenue Management reported holding 95,917 shares with a market value of $442,177. This comprised 0.23% of the total portfolio. On 09/30/2011, Third Avenue Management reported holding 109,546 shares with a market value of $469,952. This comprised 0.37% of the total portfolio. The net change in shares for this position over the two quarters is 13,629. About Company: Tellabs, Inc. designs, manufactures, markets, and services voice, data, and video transport and network access systems. The Company’s products are used worldwide by public telephone companies, long-distance carriers, alternate service providers, cellular service providers, cable operators, government agencies, utilities, and business end-users.
  • Electronics For Imaging Inc. (NASDAQ:EFII): On 06/30/2011, Third Avenue Management reported holding 38,909 shares with a market value of $670,013. This comprised 0.35% of the total portfolio. On 09/30/2011, Third Avenue Management reported holding 29,439 shares with a market value of $396,543. This comprised 0.31% of the total portfolio. The net change in shares for this position over the two quarters is -9,470. About Company: Electronics for Imaging, Inc. designs and markets products that support color and black-and-white printing on a variety of peripheral devices. The Company’s Fiery products incorporate hardware and software technologies that transform digital copiers and printers from copier manufacturers into networked printers. Products are sold in North America, Europe, and Japan.

(Note: Data regarding Third Avenue Management’s stock holdings are sourced from whalewisdom.com. All data are assumed to be accurate.)

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