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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
+6.94%
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
$37.9B
AUM Growth
+$2.45B
(+6.9%)
Cap. Flow
+$359M
Cap. Flow
% of AUM
0.95%
Top 10 Holdings %
Top 10 Hldgs %
57.75%
Holding
743
New
45
Increased
209
Reduced
290
Closed
29
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Synopsys
SNPS
|
+$357M |
| 2 |
Berkshire Hathaway Class A
BRK.A
|
+$233M |
| 3 |
Kinsale Capital Group
KNSL
|
+$142M |
| 4 |
LB
LandBridge Co
LB
|
+$133M |
| 5 |
Salesforce
CRM
|
+$88.9M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
ANSS
Ansys
ANSS
|
+$225M |
| 2 |
Applied Materials
AMAT
|
+$141M |
| 3 |
Oracle
ORCL
|
+$98.3M |
| 4 |
Thermo Fisher Scientific
TMO
|
+$84.5M |
| 5 |
Nice
NICE
|
+$60.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 43.92% |
| 2 | Technology | 22.77% |
| 3 | Consumer Discretionary | 7.76% |
| 4 | Communication Services | 6.1% |
| 5 | Healthcare | 5.22% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Texas Pacific Land
TPL
$29.4B
| $315M | 0.83% |
1,013,043
| – | – |
|
27
S&P Global
SPGI
$124B
| $301M | 0.8% |
618,502
+39,694
| +7% | +$21.3M |
|
|
LB
28
LandBridge Co
LB
$2.14B
| $295M | 0.78% |
5,531,840
+2,419,273
| +78% | +$133M |
|
29
Vanguard S&P 500 ETF
VOO
$967B
| $292M | 0.77% |
475,327
-8,853
| -2% | -$5.22M |
|
30
Philip Morris
PM
$298B
| $291M | 0.77% |
1,793,731
-50,642
| -3% | -$8.52M |
|
31
O'Reilly Automotive
ORLY
$71.4B
| $247M | 0.65% |
2,292,974
-41,554
| -2% | -$4.18M |
|
|
32
Kinsale Capital Group
KNSL
$7.66B
| $219M | 0.58% |
514,047
+312,914
| +156% | +$142M |
|
33
Intercontinental Exchange
ICE
$81B
| $193M | 0.51% |
1,145,180
+22,690
| +2% | +$4.05M |
|
34
Ally Financial
ALLY
$13.4B
| $184M | 0.49% |
4,686,176
+29,678
| +0.6% | +$1.19M |
|
35
Copart
CPRT
$25.2B
| $179M | 0.47% |
3,971,202
+72,883
| +2% | +$3.43M |
|
36
McDonald's
MCD
$187B
| $175M | 0.46% |
577,156
-40,931
| -7% | -$12.5M |
|
37
GE Vernova
GEV
$275B
| $170M | 0.45% |
275,727
+3,129
| +1% | +$1.9M |
|
38
Union Pacific
UNP
$181B
| $168M | 0.44% |
711,439
+134,692
| +23% | +$30.4M |
|
|
AMRZ
39
Amrize Ltd
AMRZ
$26.8B
| $163M | 0.43% |
3,364,674
+1,000,510
| +42% | +$51M |
|
40
American Express
AXP
$233B
| $162M | 0.43% |
489,163
-9,274
| -2% | -$2.95M |
|
41
Marriott International
MAR
$96.1B
| $141M | 0.37% |
541,836
-2,486
| -0.5% | -$668K |
|
42
AbbVie
ABBV
$454B
| $141M | 0.37% |
606,874
-2,818
| -0.5% | -$574K |
|
43
Mondelez International
MDLZ
$77.1B
| $138M | 0.36% |
2,187,040
-155,026
| -7% | -$10M |
|
44
Johnson & Johnson
JNJ
$624B
| $127M | 0.34% |
686,877
-33,897
| -5% | -$5.81M |
|
45
Match Group
MTCH
$8.72B
| $123M | 0.33% |
3,488,857
+53,729
| +2% | +$1.92M |
|
46
Accenture
ACN
$84.9B
| $118M | 0.31% |
480,237
-2,271
| -0.5% | -$592K |
|
47
Meta Platforms (Facebook)
META
$1.54T
| $116M | 0.31% |
157,644
+13,736
| +10% | +$10.2M |
|
48
Capital One
COF
$123B
| $112M | 0.3% |
526,569
+7,280
| +1% | +$1.59M |
|
49
BlackLine
BL
$1.61B
| $111M | 0.29% |
2,087,998
+260,080
| +14% | +$14.1M |
|
50
FMC Excelsior Focus Equity ETF
FMCX
$113M
| $107M | 0.28% |
3,039,054
+3,735
| +0.1% | +$127K |
|
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SAM
First Manhattan's Q3 2025 Portfolio in Review
As of Q3 2025, First Manhattan held 743 positions worth $37.9B, up 6.9% from $35.4B the previous quarter. Its ten largest holdings account for 58% of the portfolio.
First Manhattan's Q3 2025 filing shows 45 new, 209 increased, 290 reduced and 29 closed positions. Its largest new stake was WaterBridge Infrastructure LLC: 800,000 shares worth $20.2M. The largest sale was Ansys, an estimated $225M.
By sector, the portfolio is most concentrated in Financials at 44% of assets, down from 45% a quarter earlier, followed by Technology and Consumer Discretionary.
- First Manhattan's largest Q3 2025 buy was WaterBridge Infrastructure LLC: 800,000 shares worth $20.2M.
- First Manhattan added most to Synopsys in Q3 2025, an estimated $357M increase.
- First Manhattan's biggest Q3 2025 reduction was Applied Materials, cutting an estimated $141M.
- First Manhattan fully exited Ansys in Q3 2025, selling an estimated $225M.
- First Manhattan's ten largest holdings make up 58% of its $37.9B portfolio in Q3 2025.
- First Manhattan opened 45 new positions and closed 29 in Q3 2025.
- First Manhattan's portfolio value rose 6.9% quarter-over-quarter to $37.9B.
Based on First Manhattan's 13F filing for Q3 2025, filed 14 Nov 2025.