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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 | |
|---|---|---|---|---|---|---|
51
Invesco S&P 500 Equal Weight ETF
RSP
$96.1B
| $77.2M | 0.25% |
455,659
+46,010
| +11% | +$7.39M |
|
52
Ball Corp
BALL
$17B
| $72.9M | 0.24% |
1,081,530
-3,033
| -0.3% | -$184K |
|
53
Brookfield Infrastructure Partners
BIP
$18.8B
| $72.4M | 0.23% |
2,321,018
-52,740
| -2% | -$1.6M |
|
54
Sea Limited
SE
$61.2B
| $72.3M | 0.23% |
1,345,926
-7
| -0% | -$322 |
|
55
US Bancorp
USB
$99.6B
| $71.3M | 0.23% |
1,594,039
+29,462
| +2% | +$1.24M |
|
56
Assurant
AIZ
$13.7B
| $71M | 0.23% |
377,402
+22,664
| +6% | +$3.95M |
|
57
Pinduoduo
PDD
$118B
| $69.8M | 0.23% |
600,642
-210,653
| -26% | -$27.6M |
|
58
Nice
NICE
$5.29B
| $62.1M | 0.2% |
238,433
-174
| -0.1% | -$39.5K |
|
59
Canadian Natural Resources
CNQ
$96.9B
| $59.3M | 0.19% |
1,553,208
-66,434
| -4% | -$2.22M |
|
60
Brookfield Asset Management
BAM
$74B
| $59.1M | 0.19% |
1,407,638
-133,843
| -9% | -$5.41M |
|
61
Cencora
COR
$60.3B
| $59.1M | 0.19% |
243,034
-3,577
| -1% | -$822K |
|
|
62
Veralto
VLTO
$22.6B
| $49.7M | 0.16% |
560,105
+337,291
| +151% | +$28M |
|
63
IQVIA
IQV
$34.7B
| $48.7M | 0.16% |
192,577
-565
| -0.3% | -$132K |
|
64
JPMorgan Chase
JPM
$939B
| $48.2M | 0.16% |
240,757
-2,595
| -1% | -$468K |
|
65
NVIDIA
NVDA
$5.01T
| $44.3M | 0.14% |
489,850
+38,070
| +8% | +$2.76M |
|
66
Moody's
MCO
$81.7B
| $44M | 0.14% |
111,899
-2,293
| -2% | -$884K |
|
67
Eli Lilly
LLY
$1.07T
| $41.6M | 0.13% |
53,462
-5,129
| -9% | -$3.65M |
|
68
Enbridge
ENB
$124B
| $41.4M | 0.13% |
1,144,881
-179,131
| -14% | -$6.36M |
|
69
Procter & Gamble
PG
$343B
| $41.2M | 0.13% |
254,171
-950
| -0.4% | -$149K |
|
70
Ingredion
INGR
$6.38B
| $41.1M | 0.13% |
351,510
-7,920
| -2% | -$892K |
|
71
Diageo
DEO
$46.2B
| $40.6M | 0.13% |
272,746
+119,920
| +78% | +$17.6M |
|
72
Hilton Worldwide
HLT
$74B
| $38M | 0.12% |
177,924
-1,108
| -0.6% | -$218K |
|
73
Walt Disney
DIS
$165B
| $37.1M | 0.12% |
303,075
-8,160
| -3% | -$852K |
|
74
Amgen
AMGN
$203B
| $34M | 0.11% |
119,482
-3,013
| -2% | -$882K |
|
75
Graco
GGG
$12.9B
| $33.9M | 0.11% |
362,223
+2
| +0% | +$177 |
|
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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.