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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
+2%
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
$15.2B
AUM Growth
+$50.6M
(+0.33%)
Cap. Flow
-$162M
Cap. Flow % of AUM
Cap. Flow %
-1.07%
Top 10 Holdings %
Top 10 Hldgs %
39.77%
Holding
1,536
New
117
Increased
196
Reduced
365
Closed
83
Avg Time Held
0.7
years
Top 10 Avg Time Held
0.7
years
Top 20 Avg Time Held
0.7
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Citigroup
C
|
+$64.7M |
| 2 |
Oracle
ORCL
|
+$59M |
| 3 |
Leidos
LDOS
|
+$54.6M |
| 4 |
LO
LORILLARD INC COM STK
LO
|
+$37.3M |
| 5 |
DTV
DIRECTV COM STK (DE)
DTV
|
+$26.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Ameren
AEE
|
+$53.3M |
| 2 |
Berkshire Hathaway Class A
BRK.A
|
+$53.2M |
| 3 |
FRX
FOREST LABORATORIES INC
FRX
|
+$32.6M |
| 4 |
TYC
TYCO INTL PLC COM SHS (IRL)
TYC
|
+$31.4M |
| 5 |
Allison Transmission
ALSN
|
+$27M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 39.12% |
| 2 | Healthcare | 11.27% |
| 3 | Industrials | 8.95% |
| 4 | Communication Services | 7.71% |
| 5 | Technology | 7.69% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
Berkshire Hathaway Class A
BRK.A
$1.26T
| $3.19B | 21.03% |
17,037
-303
| -2% | -$53.2M |
2013 Q2
3 quarters
|
|
2
Brookfield
BN
$91.6B
| $520M | 3.43% |
54,417,806
+17,957
| +0% | +$164K |
2013 Q2
3 quarters
|
|
3
CVS Health
CVS
$113B
| $342M | 2.26% |
4,572,963
-83,454
| -2% | -$5.89M |
2013 Q2
3 quarters
|
|
4
Wells Fargo
WFC
$257B
| $309M | 2.04% |
6,218,434
-16,202
| -0.3% | -$755K |
2013 Q2
3 quarters
|
|
5
Berkshire Hathaway Class B
BRK.B
$1.26T
| $308M | 2.03% |
2,464,072
+25,807
| +1% | +$3.02M |
2013 Q2
3 quarters
|
|
6
Range Resources
RRC
$12.1B
| $306M | 2.01% |
3,682,052
-43,124
| -1% | -$3.67M |
2013 Q2
3 quarters
|
|
7
AB InBev
BUD
$167B
| $284M | 1.87% |
2,693,425
+77,066
| +3% | +$7.82M |
2013 Q2
3 quarters
|
|
8
Microsoft
MSFT
$3.9T
| $282M | 1.86% |
6,880,980
-586,038
| -8% | -$22M |
2013 Q2
3 quarters
|
|
9
Johnson & Johnson
JNJ
$689B
| $260M | 1.71% |
2,642,634
-6,082
| -0.2% | -$564K |
2013 Q2
3 quarters
|
|
10
RTX Corp
RTX
$267B
| $234M | 1.54% |
3,181,366
-10,488
| -0.3% | -$753K |
2013 Q2
3 quarters
|
|
|
DISCK
11
DELISTED
Discovery, Inc. Series C Common Stock
DISCK
| $227M | 1.49% |
5,880,814
-32,590
| -0.6% | -$1.25M |
2013 Q2
3 quarters
|
|
12
American International
AIG
$42.8B
| $210M | 1.38% |
4,190,749
-242,942
| -5% | -$12.1M |
2013 Q2
3 quarters
|
|
13
ConocoPhillips
COP
$168B
| $208M | 1.37% |
2,961,973
+8,048
| +0.3% | +$539K |
2013 Q2
3 quarters
|
|
14
IBM
IBM
$233B
| $185M | 1.22% |
1,004,858
-31,186
| -3% | -$5.49M |
2013 Q2
3 quarters
|
|
15
Jefferies Financial Group
JEF
$10.5B
| $173M | 1.14% |
6,896,894
-224,094
| -3% | -$5.53M |
2013 Q2
3 quarters
|
|
16
Honeywell
HON
$70.8B
| $170M | 1.12% |
2,045,296
+15,943
| +0.8% | +$1.32M |
2013 Q2
3 quarters
|
|
|
17
Ameren
AEE
$31.6B
| $154M | 1.01% |
3,726,158
-1,383,029
| -27% | -$53.3M |
2013 Q2
3 quarters
|
|
18
Procter & Gamble
PG
$394B
| $146M | 0.96% |
1,810,234
-40,495
| -2% | -$3.19M |
2013 Q2
3 quarters
|
|
|
UPL
19
DELISTED
Ultra Petroleum Corp. Common Stock
UPL
| $144M | 0.95% |
5,356,619
-21,330
| -0.4% | -$509K |
2013 Q2
3 quarters
|
|
20
Old Republic International
ORI
$9.5B
| $143M | 0.94% |
8,693,048
+86,399
| +1% | +$1.37M |
2013 Q2
3 quarters
|
|
21
Apple
AAPL
$5.2T
| $140M | 0.92% |
7,309,316
+60,032
| +0.8% | +$1.14M |
2013 Q2
3 quarters
|
|
22
Comcast
CMCSA
$89.3B
| $137M | 0.9% |
5,461,258
-7,434
| -0.1% | -$194K |
2013 Q2
3 quarters
|
|
23
American Express
AXP
$214B
| $136M | 0.89% |
1,507,603
-13,142
| -0.9% | -$1.17M |
2013 Q2
3 quarters
|
|
24
DELISTED
Warner Bros
WBD
| $134M | 0.88% |
3,178,297
-120,827
| -4% | -$5.1M |
2013 Q2
3 quarters
|
|
25
GE Aerospace
GE
$343B
| $134M | 0.88% |
1,081,730
-26,946
| -2% | -$3.33M |
2013 Q2
3 quarters
|
|
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VARA
First Manhattan's Q1 2014 Portfolio in Review
As of Q1 2014, First Manhattan held 1,536 positions worth $15.2B, up 0.33% from $15.1B the previous quarter. Its ten largest holdings account for 40% of the portfolio.
First Manhattan's Q1 2014 filing shows 117 new, 196 increased, 365 reduced and 83 closed positions. Its largest new stake was Leidos: 1,228,013 shares worth $43.4M. The largest sale was Ameren, an estimated $53.3M.
By sector, the portfolio is most concentrated in Financials at 39% of assets, up from 38% a quarter earlier, followed by Healthcare and Industrials.
- First Manhattan's largest Q1 2014 buy was Leidos: 1,228,013 shares worth $43.4M.
- First Manhattan added most to Citigroup in Q1 2014, an estimated $64.7M increase.
- First Manhattan's biggest Q1 2014 reduction was Ameren, cutting an estimated $53.3M.
- First Manhattan fully exited Aegerion Pharmaceuticals in Q1 2014, selling an estimated $18.7M.
- First Manhattan's ten largest holdings make up 40% of its $15.2B portfolio in Q1 2014.
- First Manhattan opened 117 new positions and closed 83 in Q1 2014.
- First Manhattan's portfolio value rose 0.33% quarter-over-quarter to $15.2B.
Based on First Manhattan's 13F filing for Q1 2014, filed 16 May 2014.