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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 | |
|---|---|---|---|---|---|---|
501
Medtronic
MDT
$107B
| $450K | ﹤0.01% |
5,164
-5
| -0.1% | -$427 |
|
502
Franklin Resources
BEN
$16.9B
| $450K | ﹤0.01% |
16,000
-600
| -4% | -$16.5K |
|
503
Webster Financial
WBS
$12.3B
| $447K | ﹤0.01% |
8,799
-379
| -4% | -$18.5K |
|
|
GOOS
504
Canada Goose Holdings
GOOS
$868M
| $439K | ﹤0.01% |
36,400
-2,800
| -7% | -$34.8K |
|
505
iShares International Dividend Growth ETF
IGRO
$1.27B
| $436K | ﹤0.01% |
6,500
| – | – |
|
506
AstraZeneca
AZN
$263B
| $435K | ﹤0.01% |
3,212
-5
| -0.2% | -$662 |
|
|
SPE
507
Special Opportunities Fund
SPE
$140M
| $430K | ﹤0.01% |
35,591
| – | – |
|
508
Microchip Technology
MCHP
$42.8B
| $424K | ﹤0.01% |
4,731
+1,006
| +27% | +$86.7K |
|
|
BRKL
509
DELISTED
Brookline Bancorp
BRKL
| $422K | ﹤0.01% |
42,375
| – | – |
|
510
Truist Financial
TFC
$63.2B
| $421K | ﹤0.01% |
10,800
+7,730
| +252% | +$283K |
|
511
Unity
U
$12.5B
| $417K | ﹤0.01% |
15,609
+15,509
| +15,509% | +$487K |
|
512
Northeast Bank
NBN
$1.11B
| $415K | ﹤0.01% |
7,500
| – | – |
|
513
Rollins
ROL
$18.6B
| $415K | ﹤0.01% |
8,959
| – | – |
|
514
MVB Financial
MVBF
$374M
| $413K | ﹤0.01% |
18,500
| – | – |
|
|
AL
515
DELISTED
Air Lease Corp
AL
| $412K | ﹤0.01% |
8,000
| – | – |
|
516
AZZ Inc
AZZ
$4.5B
| $410K | ﹤0.01% |
5,300
-695
| -12% | -$46.9K |
|
|
DNMR
517
DELISTED
Danimer Scientific, Inc.
DNMR
| $409K | ﹤0.01% |
9,375
| – | – |
|
518
D.R. Horton
DHI
$41B
| $406K | ﹤0.01% |
2,468
| – | – |
|
|
IBTX
519
DELISTED
Independent Bank Group, Inc.
IBTX
| $404K | ﹤0.01% |
8,325
| – | – |
|
520
Public Service Enterprise Group
PEG
$39.8B
| $402K | ﹤0.01% |
6,021
+400
| +7% | +$24.5K |
|
|
TRST
521
Trustco Bank Corp NY
TRST
$977M
| $401K | ﹤0.01% |
14,249
-10,760
| -43% | -$304K |
|
522
iShares Core MSCI Emerging Markets ETF
IEMG
$149B
| $401K | ﹤0.01% |
7,763
+1,348
| +21% | +$67.5K |
|
523
HSBC
HSBC
$355B
| $399K | ﹤0.01% |
10,129
-2,848
| -22% | -$111K |
|
524
Rayonier
RYN
$6.49B
| $397K | ﹤0.01% |
13,180
-111
| -0.8% | -$3.31K |
|
525
Vanguard Consumer Staples ETF
VDC
$7.86B
| $397K | ﹤0.01% |
1,947
| – | – |
|
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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.