SECURITIES AND EXCHANGE COMMISSION

                            WASHINGTON, D.C. 20549



                                 SCHEDULE 13G/A
                    UNDER THE SECURITIES EXCHANGE ACT OF 1934
                                (AMENDMENT NO. 4)


                            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

                            800,441
   NUMBER OF     ---------------------------------------------
                 ---------------------------------------------
     SHARES        6  SHARED VOTING POWER
  BENEFICIALLY
    OWNED BY               NONE
                 ---------------------------------------------
                 ---------------------------------------------
      EACH         7  SOLE DISPOSITIVE POWER
   REPORTING
     PERSON                1,093,988
                 ---------------------------------------------
                 ---------------------------------------------
      WITH        8   SHARED DISPOSITIVE POWER

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

           1,093,988
- --------------------------------------------------------------
- --------------------------------------------------------------
 10   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
      CERTAIN SHARES*
             [    ]

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

           20.3%
- --------------------------------------------------------------
- --------------------------------------------------------------
 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 1,093,988 shares or 20.3% of the
class of securities of the issuer.

         (c)    (i) 800,441

               (ii) Not applicable.

              (iii) 1,093,988

               (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, 133,075
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,  185,670  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,  103,247 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,  269,650 of the  shares  reported  by TAM,  AXP
Variable  Partners  Annuity  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, 112,334 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.

                               May 9, 2003
                              ---------------
                                  (Date)




                           THIRD AVENUE MANAGEMENT LLC

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