SECURITIES AND EXCHANGE COMMISSION

                            WASHINGTON, D.C. 20549



                                 SCHEDULE 13G/A
                    UNDER THE SECURITIES EXCHANGE ACT OF 1934
                                (AMENDMENT NO. 5)


                            Westwood Holdings Group Inc.
             ------------------------------------------------------
                                (NAME OF ISSUER)


                     COMMON STOCK, $0.01 PAR VALUE PER SHARE
             ------------------------------------------------------
                         (TITLE OF CLASS OF SECURITIES)


                                    961765104
             ------------------------------------------------------
                                 (CUSIP NUMBER)

Check the appropriate box to designate the rule pursuant to which this
Schedule is filed:

[ ]  Rule 13d-1(b)

[ ]  Rule 13d-1(c)

[ ]  Rule 13d-1(d)


The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities,
and for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 ("Act") or otherwise subject to the liabilities of that section
of the Act but shall be subject to all other provisions of the Act (however,
see the notes).




- - --------------------------------------------------------------
  1   NAME OF REPORTING PERSONS
      S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS

      THIRD AVENUE MANAGEMENT LLC

      (EIN 01-0690900)

- - --------------------------------------------------------------
- - --------------------------------------------------------------
  2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
       (a)  [  ]
       (b)  [  ]
- - --------------------------------------------------------------
- - --------------------------------------------------------------
  3   SEC USE ONLY

- - --------------------------------------------------------------
- - --------------------------------------------------------------
  4   CITIZENSHIP OR PLACE OF ORGANIZATION

        Delaware Limited Liability Company

- - --------------------------------------------------------------
- - --------------------------------------------------------------
                   5 SOLE VOTING POWER

                            648,863
   NUMBER OF     ---------------------------------------------
                 ---------------------------------------------
     SHARES        6  SHARED VOTING POWER
  BENEFICIALLY
    OWNED BY               NONE
                 ---------------------------------------------
                 ---------------------------------------------
      EACH         7  SOLE DISPOSITIVE POWER
   REPORTING
     PERSON                817,163
                 ---------------------------------------------
                 ---------------------------------------------
      WITH        8   SHARED DISPOSITIVE POWER

                           NONE
- - --------------------------------------------------------------
- - --------------------------------------------------------------
 9    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
      PERSON

           817,163
- - --------------------------------------------------------------
- - --------------------------------------------------------------
 10   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
      CERTAIN SHARES*
             [    ]

- - --------------------------------------------------------------
- - --------------------------------------------------------------
 11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

           15.15%
- - --------------------------------------------------------------
- - --------------------------------------------------------------
 12   TYPE OF REPORTING PERSON*

           IA
- - --------------------------------------------------------------


ITEM 1.

     (A) NAME OF ISSUER:

         Westwood Holdings Group Inc. (the "Issuer").

     (B) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES OR,IF NONE,
	 RESIDENCE:

         300 Crescent Court, Suite 1300, Dallas, TX 75201

ITEM 2.

     (A) NAME OF PERSON FILING:

        This schedule is being filed by Third Avenue Management LLC ("TAM").
        (TAM is sometimes referred to hereinafter as "Filer".)


     (B) ADDRESS OF PRINCIPAL BUSINESS OFFICE:

     The address of the principal executive office of TAM is:
     622 Third Avenue, 32nd Floor New York, New York 10017-6715.


     (C) CITIZENSHIP:

         The citizenship or place of organization of each of the reporting
persons is as follows:

        Delaware Limited Liability Company


     (D) TITLE OF CLASS OF SECURITIES:

         Common Stock, $0.01 par value per share.

     (E) CUSIP NUMBER:

         961765104


ITEM 3. IF THIS STATEMENT IS BEING FILED PURSUANT TO RULES 13D-1(B),OR
13D-2(B), CHECK WHETHER THE PERSON FILING IS A:

         (E) Investment Adviser. TAM is registered under section 203 of
the Investment Advisors Act of 1940.



ITEM 4.  OWNERSHIP.

         (a) & (b) TAM beneficially owns 817,163 shares or 15.15% of the
class of securities of the issuer.

         (c)    (i) 648,863

               (ii) Not applicable.

              (iii) 817,163

               (iv) Not applicable.


ITEM 5.  OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS.

         Not applicable.


ITEM 6.  OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON.

     Third Avenue Small-Cap Value Portfolio of the Met Investors 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, 92,175 of the shares reported by TAM, 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,
139,212 of the shares reported by TAM, Third Avenue Small-Cap 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,
154,370 of the shares reported by TAM, Third Avenue Value Portfolio of the
Aegon/TransAmerica Series 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, 106,675 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,
55,047 of the shares reported  by TAM, American Express Partners Small Cap
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, 145,450 of the shares reported by TAM, American Express Variable
Portfolio- Partners Small Cap 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, 22,850 of the shares reported by TAM,
Third Avenue Value Fund of the Touchstone 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, 21,275 of the
shares reported by TAM, and various separately managed accounts for whom TAM
acts as investment advisor have the right to receive dividends from, and the
proceeds of the sale of, 80,109 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 in the ordinary
course of business and were not acquired for the purpose of and do not have
the effect of changing or influencing the control of the issuer of such
securities and were not acquired in connection with or as a participant in
any transaction having such purposes 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.

                                 September 10,2003
                              ----------------------
                                      (Date)




                           THIRD AVENUE MANAGEMENT LLC

                           BY:/S/ MARTIN J. WHITMAN
                              ------------------------
                              Martin J. Whitman
                              Co-Chief Investment Officer