Cavco Industries Inc (CVCO): Third Avenue Decreases Stake

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Page 2 of 2 – SEC Filing
Item 1.
(a) Name of Issuer: Cavco Industries, Inc.
(b) Address of Issuer’s Principal Executive Offices: 1001 North Central Avenue,
Suite 800, Phoenix  AZ  85004
Item 2.
(a) Name of Person Filing:  Third Avenue Management LLC (“TAM”).
 (TAM is sometimes referred to hereinafter as Filer)
(b) Address of Principal Business Office or, if none, Residence:
622 Third Avenue, 32nd Floor, New York, NY 10017.
(c) Citizenship: United States of America.
(d) Title of Class of Securities: Common Stock, $.01 Par Value
(e) CUSIP Number: 149568107
Item 3.

If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:

(a) [   ]

Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).

(b) [   ]

Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).

(c) [   ]

Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).

(d) [   ]

Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8).

(e) [X] An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E);
(f) [   ]

An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F);

(g) [   ]

A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);

(h) [   ]

A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);

(i) [   ]

A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);

(j) [   ] Group, in accordance with §240.13d-1(b)(1)(ii)(J).
Item 4. Ownership.

Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.

(a) Amount beneficially owned: 481,575
(b) Percent of class: 5.39%
(c) Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote: 481,575
(ii) Shared power to vote or to direct the vote: 0
(iii) Sole power to dispose or to direct the disposition of: 481,575
(iv) Shared power to dispose or to direct the disposition of: 0
Item 5. Ownership of Five Percent or Less of a Class

If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following [  ].

Item 6. Ownership of More than Five Percent on Behalf of Another Person.

Third Avenue Value Fund, an investment company registered
under the Investment Company Act of 1940, has the right to receive dividends
from, and the proceeds from the sale of 448,629 of the shares reported by
TAM, Third Avenue Value Fund UCITS, an umbrella open-ended investment company
authorized by the Irish Financial Services Regulatory Authority under the
European Communities (Undertakings for Collective Investment in Transferable
Securities) Regulations, has the right to receive dividends from, and the
proceeds from the sale of 1,271 of the shares reported by TAM, Third Avenue
Value Portfolio of the Third Avenue Variable Series Trust, an investment company
registered under the Investment Company Act of 1940, has the right to receive
dividends from, and the proceeds from the sale of 31,675 of the shares reported
by TAM.

Item 7.

Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company

Not applicable.

Item 8. Identification and Classification of Members of the Group

Not applicable.

Item 9. Notice of Dissolution of Group

Not applicable.

Item 10. Certification


By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.


SIGNATURE


After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

June 08, 2016

Date

W. James Hall
Signature

General Counsel
Title

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