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First Manhattan Portfolio holdings
AUM
$39.2B
Turnover
13.59%
1-Year Est. Return
21.04%
First Manhattan is an investment management firm founded in 1964 by David Gottesman, and it works mainly for high net worth individuals. Most of the assets it manages are in stocks, which its portfolio managers pick with a cautious, value-oriented approach. The firm also advises private funds focused on the banking industry and on companies that earn most of their revenue in China, along with two ETFs.
This Fund
S&P 500
This Quarter Est. Return
+4.49%
1 Year Est. Return
+21.04%
3 Year Est. Return
+83.94%
5 Year Est. Return
+115.5%
10 Year Est. Return
+416.22%
AUM
$14.3B
AUM Growth
-$217M
(-1.5%)
Cap. Flow
-$111M
Cap. Flow % of AUM
Cap. Flow %
-0.78%
Top 10 Holdings %
Top 10 Hldgs %
39.62%
Holding
1,470
New
49
Increased
152
Reduced
283
Closed
42
Avg Time Held
0.2
years
Top 10 Avg Time Held
0.2
years
Top 20 Avg Time Held
0.3
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Gen Digital
GEN
|
+$29.9M |
| 2 |
SIEMENS AKTIENGESELLSCHAFT ADS
SI
|
+$22.9M |
| 3 |
WW International
WW
|
+$22.9M |
| 4 |
Allison Transmission
ALSN
|
+$17.1M |
| 5 |
Target
TGT
|
+$12.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Range Resources
RRC
|
+$40M |
| 2 |
TYC
TYCO INTL PLC COM SHS (IRL)
TYC
|
+$37.8M |
| 3 |
Abbott
ABT
|
+$36.7M |
| 4 |
IBM
IBM
|
+$30.9M |
| 5 |
Thor Industries
THO
|
+$21.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 39.73% |
| 2 | Healthcare | 11.46% |
| 3 | Industrials | 8.85% |
| 4 | Communication Services | 8% |
| 5 | Energy | 7.45% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
Berkshire Hathaway Class A
BRK.A
$1.26T
| $3.14B | 21.92% |
18,419
-32
| -0.2% | -$5.54M |
2013 Q2
1 quarter
|
|
2
Brookfield
BN
$91.5B
| $469M | 3.28% |
53,566,719
+1,103,421
| +2% | +$9.42M |
2013 Q2
1 quarter
|
|
|
3
Range Resources
RRC
$12.1B
| $285M | 1.99% |
3,758,923
-512,405
| -12% | -$40M |
2013 Q2
1 quarter
|
|
4
Berkshire Hathaway Class B
BRK.B
$1.26T
| $277M | 1.93% |
2,439,155
+26,099
| +1% | +$3.01M |
2013 Q2
1 quarter
|
|
5
CVS Health
CVS
$114B
| $269M | 1.88% |
4,738,149
-14,512
| -0.3% | -$865K |
2013 Q2
1 quarter
|
|
6
AB InBev
BUD
$167B
| $258M | 1.8% |
2,599,859
+16,208
| +0.6% | +$1.54M |
2013 Q2
1 quarter
|
|
7
Microsoft
MSFT
$3.89T
| $256M | 1.79% |
7,695,512
-451,034
| -6% | -$14.8M |
2013 Q2
1 quarter
|
|
8
Wells Fargo
WFC
$258B
| $254M | 1.77% |
6,141,157
+198
| +0% | +$8.45K |
2013 Q2
1 quarter
|
|
9
Johnson & Johnson
JNJ
$688B
| $234M | 1.63% |
2,699,550
-5,372
| -0.2% | -$482K |
2013 Q2
1 quarter
|
|
|
DISCK
10
DELISTED
Discovery, Inc. Series C Common Stock
DISCK
| $233M | 1.63% |
5,970,316
-27,466
| -0.5% | -$1.02M |
2013 Q2
1 quarter
|
|
11
American International
AIG
$43B
| $219M | 1.53% |
4,496,640
-19,548
| -0.4% | -$929K |
2013 Q2
1 quarter
|
|
12
RTX Corp
RTX
$268B
| $218M | 1.52% |
3,211,069
-4,622
| -0.1% | -$302K |
2013 Q2
1 quarter
|
|
13
Jefferies Financial Group
JEF
$10.5B
| $215M | 1.5% |
8,820,580
-687,546
| -7% | -$16.5M |
2013 Q2
1 quarter
|
|
|
14
IBM
IBM
$234B
| $214M | 1.49% |
1,206,287
-169,802
| -12% | -$30.9M |
2013 Q2
1 quarter
|
|
15
ConocoPhillips
COP
$168B
| $207M | 1.45% |
2,979,912
-658
| -0% | -$43.9K |
2013 Q2
1 quarter
|
|
16
Ameren
AEE
$31.8B
| $184M | 1.28% |
5,273,487
-177,407
| -3% | -$6.15M |
2013 Q2
1 quarter
|
|
17
Honeywell
HON
$70.6B
| $149M | 1.04% |
1,991,552
+2,797
| +0.1% | +$208K |
2013 Q2
1 quarter
|
|
18
Procter & Gamble
PG
$394B
| $145M | 1.01% |
1,913,579
-59,638
| -3% | -$4.75M |
2013 Q2
1 quarter
|
|
19
DELISTED
Warner Bros
WBD
| $144M | 1% |
3,329,573
-42,007
| -1% | -$1.75M |
2013 Q2
1 quarter
|
|
|
20
DELISTED
WW International
WW
| $142M | 0.99% |
3,797,111
+568,472
| +18% | +$22.9M |
2013 Q2
1 quarter
|
|
21
GE Aerospace
GE
$344B
| $139M | 0.97% |
1,210,602
-3,092
| -0.3% | -$355K |
2013 Q2
1 quarter
|
|
22
Old Republic International
ORI
$9.5B
| $133M | 0.93% |
8,609,143
-4,767
| -0.1% | -$68.5K |
2013 Q2
1 quarter
|
|
|
AREX
23
DELISTED
Approach Resources Inc.
AREX
| $132M | 0.92% |
5,027,954
+12,280
| +0.2% | +$311K |
2013 Q2
1 quarter
|
|
|
UPL
24
DELISTED
Ultra Petroleum Corp. Common Stock
UPL
| $130M | 0.91% |
6,314,972
+433,520
| +7% | +$9.13M |
2013 Q2
1 quarter
|
|
|
VIAB
25
DELISTED
Viacom Inc. Class B
VIAB
| $128M | 0.89% |
1,532,259
-3,174
| -0.2% | -$246K |
2013 Q2
1 quarter
|
|
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VARA
First Manhattan's Q3 2013 Portfolio in Review
As of Q3 2013, First Manhattan held 1,470 positions worth $14.3B, down 1.5% from $14.5B the previous quarter. Its ten largest holdings account for 40% of the portfolio.
First Manhattan's Q3 2013 filing shows 49 new, 152 increased, 283 reduced and 42 closed positions. Its largest new stake was Twenty-First Century Fox, Inc. Class A: 168,980 shares worth $5.66M. The largest sale was Range Resources, an estimated $40M.
By sector, the portfolio is most concentrated in Financials at 40% of assets, up from 40% a quarter earlier, followed by Healthcare and Industrials.
- First Manhattan's largest Q3 2013 buy was Twenty-First Century Fox, Inc. Class A: 168,980 shares worth $5.66M.
- First Manhattan added most to Gen Digital in Q3 2013, an estimated $29.9M increase.
- First Manhattan's biggest Q3 2013 reduction was Range Resources, cutting an estimated $40M.
- First Manhattan fully exited Cooper Tire & Rubber Co. in Q3 2013, selling an estimated $1.56M.
- First Manhattan's ten largest holdings make up 40% of its $14.3B portfolio in Q3 2013.
- First Manhattan opened 49 new positions and closed 42 in Q3 2013.
- First Manhattan's portfolio value fell 1.5% quarter-over-quarter to $14.3B.
Based on First Manhattan's 13F filing for Q3 2013, filed 29 Oct 2013.