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First Manhattan

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
Cap. Flow
-$960M
Cap. Flow %
-3.11%
Top 10 Hldgs %
59.96%
Holding
1,523
New
87
Increased
195
Reduced
484
Closed
113

Top Buys

Rank Stock Value
1
AMAT icon
Applied Materials
AMAT
+$232M
2
TTWO icon
Take-Two Interactive
TTWO
+$188M
3
AZPN
Aspen Technology Inc
AZPN
+$103M
4
MKL icon
Markel Group
MKL
+$51.1M
5
VLTO icon
Veralto
VLTO
+$28M

Top Sells

Rank Stock Value
1
BRK.A icon
Berkshire Hathaway Class A
BRK.A
+$1.08B
2
ENTG icon
Entegris
ENTG
+$151M
3
AMT icon
American Tower
AMT
+$74.3M
4
AAPL icon
Apple
AAPL
+$39.5M
5
MSFT icon
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
FBIN icon
1426
Fortune Brands Innovations
FBIN
$6.12B
– –
-134
Closed -$10.2K
FE icon
1427
FirstEnergy
FE
$28.9B
– –
-478
Closed -$17.5K
FHN icon
1428
First Horizon
FHN
$12.1B
– –
-2,190
Closed -$31K
FIVE icon
1429
Five Below
FIVE
$11.2B
– –
-2
Closed -$852
FNDE icon
1430
Schwab Fundamental Emerging Markets Large Company Index ETF
FNDE
$9.46B
– –
-73
Closed -$1.98K
GPC icon
1431
Genuine Parts
GPC
$17.1B
– –
-2
Closed -$277
HAL icon
1432
Halliburton
HAL
$27.9B
– –
-5
Closed -$180
HYG icon
1433
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$16.3B
– –
-971
Closed -$75.1K
HYMB icon
1434
State Street SPDR Nuveen ICE High Yield Municipal Bond ETF
HYMB
$3.07B
– –
-635
Closed -$16.1K
IAT icon
1435
iShares US Regional Banks ETF
IAT
$685M
– –
-3,275
Closed -$137K
IEF icon
1436
iShares 7-10 Year Treasury Bond ETF
IEF
$47.1B
– –
-676
Closed -$65.2K
IRBT
1437
DELISTED
iRobot
IRBT
– –
-50
Closed -$1.94K
ITA icon
1438
iShares US Aerospace & Defense ETF
ITA
$14.2B
– –
-109
Closed -$13.8K
IYT icon
1439
iShares US Transportation ETF
IYT
$2.33B
– –
-156
Closed -$10.2K
KDP icon
1440
Keurig Dr Pepper
KDP
$40.4B
– –
-82
Closed -$2.76K
KIE icon
1441
State Street SPDR S&P Insurance ETF
KIE
$619M
– –
-270
Closed -$12.2K
KIO
1442
KKR Income Opportunities Fund
KIO
$450M
– –
-15
Closed -$188
KRP icon
1443
Kimbell Royalty Partners
KRP
$1.47B
– –
-2,945
Closed -$44.3K
LCID icon
1444
Lucid Motors
LCID
$2.46B
– –
-100
Closed -$4.21K
LECO icon
1445
Lincoln Electric
LECO
$13.8B
– –
-60
Closed -$13K
LNG icon
1446
Cheniere Energy
LNG
$56.5B
– –
-159
Closed -$27.3K
LPLA icon
1447
LPL Financial
LPLA
$26.3B
– –
-3
Closed -$910
MINT icon
1448
PIMCO Enhanced Short Maturity Active Exchange-Traded Fund
MINT
$17B
– –
-381
Closed -$38K
MKTX icon
1449
MarketAxess Holdings
MKTX
$4.15B
– –
-252
Closed -$73.8K
MNST icon
1450
Monster Beverage
MNST
$91.4B
– –
-4
Closed -$230
56 57
58
59 60

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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.