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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
+0.68%
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
$17.2B
AUM Growth
+$1.42B
(+9%)
Cap. Flow
+$1.47B
Cap. Flow % of AUM
Cap. Flow %
8.53%
Top 10 Holdings %
Top 10 Hldgs %
41.21%
Holding
1,545
New
78
Increased
213
Reduced
349
Closed
44
Avg Time Held
1.1
years
Top 10 Avg Time Held
1
year
Top 20 Avg Time Held
1
year
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Aramark
ARMK
|
+$115M |
| 2 |
TWC
TIME WARNER CABLE INC NEW COM STK
TWC
|
+$88.1M |
| 3 |
DISCK
Discovery, Inc. Series C Common Stock
DISCK
|
+$60.5M |
| 4 |
Liberty Media Corporation Series C Common Stock
FWONK
|
+$53.4M |
| 5 |
Danaher
DHR
|
+$44.5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Warner Bros
WBD
|
+$65.3M |
| 2 |
McDonald's
MCD
|
+$64.4M |
| 3 |
SIEMENS AKTIENGESELLSCHAFT ADS
SI
|
+$60.5M |
| 4 |
Liberty Media Corporation Series A Common Stock
FWONA
|
+$52.8M |
| 5 |
SNI
Scripps Networks Interactive, Inc Common Class A
SNI
|
+$51.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 36.83% |
| 2 | Healthcare | 10.62% |
| 3 | Miscellaneous | 10.54% |
| 4 | Industrials | 7.87% |
| 5 | Technology | 7.15% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
Berkshire Hathaway Class A
BRK.A
$1.19T
| $3.51B | 20.44% |
16,988
-19
| -0.1% | -$3.8M |
2013 Q2
5 quarters
|
|
2
Brookfield
BN
$90.7B
| $552M | 3.21% |
52,479,759
-639,620
| -1% | -$6.88M |
2013 Q2
5 quarters
|
|
3
Berkshire Hathaway Class B
BRK.B
$1.24T
| $347M | 2.02% |
2,512,950
+37,876
| +2% | +$5.05M |
2013 Q2
5 quarters
|
|
4
CVS Health
CVS
$102B
| $345M | 2% |
4,329,564
-154,748
| -3% | -$12.2M |
2013 Q2
5 quarters
|
|
5
Microsoft
MSFT
$4.13T
| $319M | 1.86% |
6,882,362
+16,504
| +0.2% | +$736K |
2013 Q2
5 quarters
|
|
6
Wells Fargo
WFC
$257B
| $318M | 1.85% |
6,138,470
-42,030
| -0.7% | -$2.16M |
2013 Q2
5 quarters
|
|
7
AB InBev
BUD
$165B
| $296M | 1.72% |
2,670,492
-7,399
| -0.3% | -$826K |
2013 Q2
5 quarters
|
|
8
Johnson & Johnson
JNJ
$665B
| $290M | 1.68% |
2,717,386
+83,950
| +3% | +$8.71M |
2013 Q2
5 quarters
|
|
|
DISCK
9
DELISTED
Discovery, Inc. Series C Common Stock
DISCK
| $282M | 1.64% |
7,552,261
+1,494,997
| +25% | +$60.5M |
2013 Q2
5 quarters
|
|
10
American International
AIG
$42.1B
| $280M | 1.63% |
5,174,438
+783,421
| +18% | +$42.8M |
2013 Q2
5 quarters
|
|
11
Range Resources
RRC
$12.2B
| $257M | 1.49% |
3,787,278
+181,017
| +5% | +$13.8M |
2013 Q2
5 quarters
|
|
12
ConocoPhillips
COP
$173B
| $227M | 1.32% |
2,962,819
-18,872
| -0.6% | -$1.54M |
2013 Q2
5 quarters
|
|
13
RTX Corp
RTX
$268B
| $209M | 1.22% |
3,144,246
-22,269
| -0.7% | -$1.53M |
2013 Q2
5 quarters
|
|
14
Honeywell
HON
$71B
| $191M | 1.11% |
2,279,211
+30,942
| +1% | +$2.63M |
2013 Q2
5 quarters
|
|
15
Apple
AAPL
$5.1T
| $188M | 1.09% |
7,463,684
+116,204
| +2% | +$2.85M |
2013 Q2
5 quarters
|
|
16
Oracle
ORCL
$375B
| $178M | 1.04% |
4,651,430
+170,369
| +4% | +$6.9M |
2013 Q2
5 quarters
|
|
17
IBM
IBM
$240B
| $175M | 1.02% |
962,713
-10,802
| -1% | -$1.97M |
2013 Q2
5 quarters
|
|
|
18
Danaher
DHR
$162B
| $167M | 0.97% |
3,275,434
+865,387
| +36% | +$44.5M |
2013 Q2
5 quarters
|
|
19
Gilead Sciences
GILD
$208B
| $164M | 0.95% |
1,536,549
+28,533
| +2% | +$2.79M |
2013 Q2
5 quarters
|
|
|
VIAB
20
DELISTED
Viacom Inc. Class B
VIAB
| $159M | 0.92% |
2,062,598
+420,418
| +26% | +$34.6M |
2013 Q2
5 quarters
|
|
21
Comcast
CMCSA
$88.2B
| $145M | 0.84% |
5,393,024
-160,070
| -3% | -$4.38M |
2013 Q2
5 quarters
|
|
22
Procter & Gamble
PG
$388B
| $144M | 0.84% |
1,719,167
-80,543
| -4% | -$6.6M |
2013 Q2
5 quarters
|
|
23
Ameren
AEE
$31.3B
| $140M | 0.81% |
3,648,308
-52,600
| -1% | -$2.06M |
2013 Q2
5 quarters
|
|
24
Jefferies Financial Group
JEF
$11.2B
| $133M | 0.77% |
6,227,502
-414,032
| -6% | -$9.32M |
2013 Q2
5 quarters
|
|
25
American Express
AXP
$223B
| $129M | 0.75% |
1,476,986
-18,602
| -1% | -$1.67M |
2013 Q2
5 quarters
|
|
Similar funds
First Manhattan's Q3 2014 Portfolio in Review
As of Q3 2014, First Manhattan held 1,545 positions worth $17.2B, up 9% from $15.8B the previous quarter. Its ten largest holdings account for 41% of the portfolio.
First Manhattan deployed $1.47B of net new capital in Q3 2014, opening 78 new positions and adding to 213 existing holdings. Its largest new stake was Liberty Media Corporation Series C Common Stock: 2,087,538 shares worth $52.5M.
By sector, the portfolio is most concentrated in Financials at 37% of assets, down from 38% a quarter earlier, followed by Healthcare and Miscellaneous.
On the sell side, the largest reduction was Warner Bros, an estimated $65.3M trimmed.
- First Manhattan's largest Q3 2014 buy was Liberty Media Corporation Series C Common Stock: 2,087,538 shares worth $52.5M.
- First Manhattan added most to Aramark in Q3 2014, an estimated $115M increase.
- First Manhattan's biggest Q3 2014 reduction was Warner Bros, cutting an estimated $65.3M.
- First Manhattan fully exited SIEMENS AKTIENGESELLSCHAFT ADS in Q3 2014, selling an estimated $60.5M.
- First Manhattan's ten largest holdings make up 41% of its $17.2B portfolio in Q3 2014.
- First Manhattan opened 78 new positions and closed 44 in Q3 2014.
- First Manhattan's portfolio value rose 9% quarter-over-quarter to $17.2B.
Based on First Manhattan's 13F filing for Q3 2014, filed 23 Oct 2014.