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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 | |
|---|---|---|---|---|---|---|
76
Stryker
SYK
$127B
| $33.8M | 0.11% |
94,345
-34,328
| -27% | -$11.5M |
|
|
SCHW
77
Charles Schwab
SCHW
$177B
| $32.5M | 0.11% |
449,794
-4,176
| -0.9% | -$275K |
|
78
Snap-on
SNA
$20.9B
| $32.2M | 0.1% |
108,665
-1,698
| -2% | -$482K |
|
79
Vanguard Dividend Appreciation ETF
VIG
$111B
| $28.4M | 0.09% |
155,732
+4,316
| +3% | +$758K |
|
80
Charter Communications
CHTR
$14.7B
| $28.4M | 0.09% |
97,592
-4,652
| -5% | -$1.5M |
|
81
AB InBev
BUD
$158B
| $28M | 0.09% |
460,763
-11,350
| -2% | -$710K |
|
82
Vanguard Mid-Cap ETF
VO
$106B
| $28M | 0.09% |
448,044
+8,768
| +2% | +$518K |
|
|
XIFR
83
XPLR Infrastructure LP
XIFR
$1.18B
| $27.9M | 0.09% |
927,120
-28,625
| -3% | -$815K |
|
84
Merck
MRK
$324B
| $27.5M | 0.09% |
208,081
-2,425
| -1% | -$299K |
|
85
Starbucks
SBUX
$118B
| $27.4M | 0.09% |
299,712
-1,327
| -0.4% | -$123K |
|
|
PPLI
86
People Inc
PPLI
$3.1B
| $26.8M | 0.09% |
612,588
-28,379
| -4% | -$1.23M |
|
87
Vanguard Health Care ETF
VHT
$18.2B
| $26.7M | 0.09% |
98,548
+1,500
| +2% | +$394K |
|
88
Wells Fargo
WFC
$261B
| $26.5M | 0.09% |
456,659
-14,653
| -3% | -$767K |
|
89
Vanguard High Dividend Yield ETF
VYM
$81.1B
| $22.6M | 0.07% |
186,952
-7,043
| -4% | -$807K |
|
|
90
American Tower
AMT
$77.7B
| $22.5M | 0.07% |
113,778
-372,930
| -77% | -$74.3M |
|
91
Sweetgreen
SG
$713M
| $22.4M | 0.07% |
885,325
-504,125
| -36% | -$7.34M |
|
92
ExxonMobil
XOM
$651B
| $21.9M | 0.07% |
188,359
-1,542
| -0.8% | -$161K |
|
93
American Water Works
AWK
$26.3B
| $21.6M | 0.07% |
176,315
-1,926
| -1% | -$237K |
|
94
Boston Scientific
BSX
$65.8B
| $21.4M | 0.07% |
311,930
-152,866
| -33% | -$9.83M |
|
95
IBM
IBM
$202B
| $21.3M | 0.07% |
111,452
-10,018
| -8% | -$1.83M |
|
96
Meta Platforms (Facebook)
META
$1.51T
| $20.9M | 0.07% |
42,941
-44,017
| -51% | -$19.6M |
|
97
United Parcel Service
UPS
$97.6B
| $20.7M | 0.07% |
139,021
-3,859
| -3% | -$587K |
|
98
PepsiCo
PEP
$186B
| $20.6M | 0.07% |
117,864
-3,512
| -3% | -$591K |
|
99
Martin Marietta Materials
MLM
$33.6B
| $20.6M | 0.07% |
33,538
-60
| -0.2% | -$32.7K |
|
100
Booking.com
BKNG
$138B
| $20.3M | 0.07% |
140,225
+1,975
| +1% | +$281K |
|
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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.