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First Manhattan Portfolio holdings
AUM
$36.1B
1-Year Est. Return
11.5%
This Fund
S&P 500
This Quarter
Est. Return
+11.3%
1 Year Est. Return
+11.5%
3 Year Est. Return
+74.65%
5 Year Est. Return
+103.66%
10 Year Est. Return
+354.63%
AUM
$30.9B
AUM Growth
+$2.04B
(+7.1%)
Cap. Flow
-$960M
Cap. Flow
% of AUM
-3.11%
Top 10 Holdings %
Top 10 Hldgs %
59.96%
Holding
1,523
New
87
Increased
195
Reduced
484
Closed
113
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Applied Materials
AMAT
|
+$232M |
| 2 |
Take-Two Interactive
TTWO
|
+$188M |
| 3 |
AZPN
Aspen Technology Inc
AZPN
|
+$103M |
| 4 |
Markel Group
MKL
|
+$51.1M |
| 5 |
Veralto
VLTO
|
+$28M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Berkshire Hathaway Class A
BRK.A
|
+$1.08B |
| 2 |
Entegris
ENTG
|
+$151M |
| 3 |
American Tower
AMT
|
+$74.3M |
| 4 |
Apple
AAPL
|
+$39.5M |
| 5 |
Microsoft
MSFT
|
+$32M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 45.75% |
| 2 | Technology | 17.98% |
| 3 | Consumer Discretionary | 8.5% |
| 4 | Healthcare | 8.28% |
| 5 | Communication Services | 5.94% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
226
Bank of America
BAC
$435B
| $4.43M | 0.01% |
116,734
-4,546
| -4% | -$156K |
|
227
T-Mobile US
TMUS
$193B
| $4.39M | 0.01% |
26,867
-185
| -0.7% | -$30.1K |
|
228
Chesapeake Utilities
CPK
$3.26B
| $4.34M | 0.01% |
40,411
-1,335
| -3% | -$138K |
|
229
Artesian Resources
ARTNA
$356M
| $4.3M | 0.01% |
115,932
-7,735
| -6% | -$282K |
|
230
Ciena
CIEN
$55.3B
| $4.21M | 0.01% |
85,219
-919
| -1% | -$48.5K |
|
231
Otter Tail
OTTR
$3.88B
| $4.18M | 0.01% |
48,393
-4,850
| -9% | -$422K |
|
232
Zoetis
ZTS
$31.6B
| $4.18M | 0.01% |
24,685
-1,556
| -6% | -$291K |
|
233
Liberty Broadband Class A
LBRDA
$4.14B
| $4.17M | 0.01% |
72,860
+4,324
| +6% | +$285K |
|
234
Ramaco Resources Class A
METC
$676M
| $4.15M | 0.01% |
+254,641
| New | +$4.51M |
|
235
Blackstone
BX
$104B
| $3.99M | 0.01% |
30,391
-515
| -2% | -$64.3K |
|
236
Salesforce
CRM
$134B
| $3.91M | 0.01% |
12,969
+145
| +1% | +$41.8K |
|
237
Element Solutions
ESI
$9.12B
| $3.89M | 0.01% |
+155,780
| New | +$3.62M |
|
238
iShares Core S&P Small-Cap ETF
IJR
$109B
| $3.87M | 0.01% |
34,975
+1,068
| +3% | +$113K |
|
239
3M
MMM
$89B
| $3.82M | 0.01% |
43,030
-7,829
| -15% | -$649K |
|
240
Esquire Financial Holdings
ESQ
$1.04B
| $3.8M | 0.01% |
80,000
| – | – |
|
241
CF Bankshares
CFBK
$217M
| $3.66M | 0.01% |
183,519
| – | – |
|
242
Vanguard FTSE Emerging Markets ETF
VWO
$119B
| $3.66M | 0.01% |
87,505
-2,838
| -3% | -$116K |
|
243
Lamar Advertising Co
LAMR
$16.2B
| $3.6M | 0.01% |
30,140
-1,675
| -5% | -$184K |
|
244
Brookfield Infrastructure
BIPC
$5.11B
| $3.56M | 0.01% |
98,775
-9,919
| -9% | -$347K |
|
245
Cisco
CSCO
$450B
| $3.56M | 0.01% |
71,318
-2,147
| -3% | -$107K |
|
246
Portland General Electric
POR
$6.02B
| $3.51M | 0.01% |
83,527
-2,541
| -3% | -$105K |
|
247
Camden Property Trust
CPT
$11.3B
| $3.46M | 0.01% |
35,179
-1,233
| -3% | -$119K |
|
248
Invesco QQQ Trust
QQQ
$455B
| $3.44M | 0.01% |
7,728
-389
| -5% | -$167K |
|
249
Qiagen
QGEN
$8.53B
| $3.4M | 0.01% |
76,788
+3,390
| +5% | +$155K |
|
250
nVent Electric
NVT
$24.5B
| $3.25M | 0.01% |
43,111
-2,566
| -6% | -$165K |
|
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SAM
First Manhattan's Q1 2024 Portfolio in Review
As of Q1 2024, First Manhattan held 1,523 positions worth $30.9B, up 7.1% from $28.8B the previous quarter. Its ten largest holdings account for 60% of the portfolio.
First Manhattan withdrew a net $960M in Q1 2024, closing 113 positions and reducing 484 holdings. Its most notable exit was Arrowhead Research, an estimated $22.8M position sold in full.
By sector, the portfolio is most concentrated in Financials at 46% of assets, down from 46% a quarter earlier, followed by Technology and Consumer Discretionary.
Against the trend, First Manhattan opened a new position in Travelers Companies worth $10.2M.
- First Manhattan's largest Q1 2024 buy was Travelers Companies: 44,199 shares worth $10.2M.
- First Manhattan added most to Applied Materials in Q1 2024, an estimated $232M increase.
- First Manhattan's biggest Q1 2024 reduction was Berkshire Hathaway Class A, cutting an estimated $1.08B.
- First Manhattan fully exited Arrowhead Research in Q1 2024, selling an estimated $22.8M.
- First Manhattan's ten largest holdings make up 60% of its $30.9B portfolio in Q1 2024.
- First Manhattan opened 87 new positions and closed 113 in Q1 2024.
- First Manhattan's portfolio value rose 7.1% quarter-over-quarter to $30.9B.
Based on First Manhattan's 13F filing for Q1 2024, filed 15 May 2024.