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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
+5.49%
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
$17.7B
AUM Growth
+$468M
(+2.7%)
Cap. Flow
-$210M
Cap. Flow % of AUM
Cap. Flow %
-1.19%
Top 10 Holdings %
Top 10 Hldgs %
40.92%
Holding
1,616
New
117
Increased
269
Reduced
388
Closed
69
Avg Time Held
1.2
years
Top 10 Avg Time Held
1.1
years
Top 20 Avg Time Held
1.1
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Perrigo
PRGO
|
+$140M |
| 2 |
H&R Block
HRB
|
+$86.5M |
| 3 |
Oracle
ORCL
|
+$56M |
| 4 |
Noble Corporation
NE
|
+$31.9M |
| 5 |
Liberty Media Corporation Series C Common Stock
FWONK
|
+$26.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Berkshire Hathaway Class A
BRK.A
|
+$215M |
| 2 |
Citigroup
C
|
+$41.6M |
| 3 |
CVS Health
CVS
|
+$30.9M |
| 4 |
Procter & Gamble
PG
|
+$28.3M |
| 5 |
GSK
GSK
|
+$27.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 36.58% |
| 2 | Healthcare | 11.31% |
| 3 | Miscellaneous | 9.54% |
| 4 | Industrials | 8.43% |
| 5 | Communication Services | 7.38% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
Berkshire Hathaway Class A
BRK.A
$1.23T
| $3.61B | 20.46% |
15,993
-995
| -6% | -$215M |
2013 Q2
6 quarters
|
|
2
Brookfield
BN
$94.2B
| $602M | 3.41% |
51,263,441
-1,216,318
| -2% | -$13.7M |
2013 Q2
6 quarters
|
|
|
3
CVS Health
CVS
$113B
| $383M | 2.17% |
3,978,369
-351,195
| -8% | -$30.9M |
2013 Q2
6 quarters
|
|
4
Berkshire Hathaway Class B
BRK.B
$1.23T
| $373M | 2.11% |
2,486,893
-26,057
| -1% | -$3.76M |
2013 Q2
6 quarters
|
|
5
Wells Fargo
WFC
$257B
| $330M | 1.87% |
6,028,760
-109,710
| -2% | -$5.81M |
2013 Q2
6 quarters
|
|
6
Microsoft
MSFT
$3.87T
| $313M | 1.77% |
6,735,821
-146,541
| -2% | -$6.88M |
2013 Q2
6 quarters
|
|
7
AB InBev
BUD
$165B
| $296M | 1.67% |
2,631,542
-38,950
| -1% | -$4.31M |
2013 Q2
6 quarters
|
|
8
American International
AIG
$42.8B
| $288M | 1.63% |
5,138,391
-36,047
| -0.7% | -$1.93M |
2013 Q2
6 quarters
|
|
9
Johnson & Johnson
JNJ
$668B
| $279M | 1.58% |
2,672,201
-45,185
| -2% | -$4.76M |
2013 Q2
6 quarters
|
|
|
10
Oracle
ORCL
$406B
| $271M | 1.53% |
6,027,899
+1,376,469
| +30% | +$56M |
2013 Q2
6 quarters
|
|
|
DISCK
11
DELISTED
Discovery, Inc. Series C Common Stock
DISCK
| $246M | 1.39% |
7,291,972
-260,289
| -3% | -$8.87M |
2013 Q2
6 quarters
|
|
12
RTX Corp
RTX
$270B
| $224M | 1.27% |
3,089,838
-54,408
| -2% | -$3.71M |
2013 Q2
6 quarters
|
|
13
ConocoPhillips
COP
$162B
| $208M | 1.18% |
3,018,830
+56,011
| +2% | +$3.91M |
2013 Q2
6 quarters
|
|
14
Apple
AAPL
$5.15T
| $203M | 1.15% |
7,353,416
-110,268
| -1% | -$3M |
2013 Q2
6 quarters
|
|
15
Honeywell
HON
$72.4B
| $202M | 1.14% |
2,248,155
-31,056
| -1% | -$2.67M |
2013 Q2
6 quarters
|
|
16
Range Resources
RRC
$12.1B
| $200M | 1.13% |
3,738,017
-49,261
| -1% | -$3.18M |
2013 Q2
6 quarters
|
|
|
VIAB
17
DELISTED
Viacom Inc. Class B
VIAB
| $169M | 0.96% |
2,243,249
+180,651
| +9% | +$13.2M |
2013 Q2
6 quarters
|
|
18
Aramark
ARMK
$14.3B
| $164M | 0.93% |
7,283,751
+1,097,952
| +18% | +$22.4M |
2014 Q2
2 quarters
|
|
19
Danaher
DHR
$166B
| $164M | 0.93% |
2,839,085
-436,349
| -13% | -$23.7M |
2013 Q2
6 quarters
|
|
20
Ameren
AEE
$31.3B
| $162M | 0.92% |
3,522,017
-126,291
| -3% | -$5.37M |
2013 Q2
6 quarters
|
|
|
21
Perrigo
PRGO
$2.31B
| $160M | 0.91% |
957,225
+896,975
| +1,489% | +$140M |
2014 Q1
3 quarters
|
|
22
Comcast
CMCSA
$87.8B
| $151M | 0.86% |
5,219,850
-173,174
| -3% | -$4.74M |
2013 Q2
6 quarters
|
|
23
Gilead Sciences
GILD
$210B
| $147M | 0.83% |
1,562,214
+25,665
| +2% | +$2.65M |
2013 Q2
6 quarters
|
|
24
IBM
IBM
$233B
| $143M | 0.81% |
935,330
-27,383
| -3% | -$4.36M |
2013 Q2
6 quarters
|
|
25
3M
MMM
$97.9B
| $137M | 0.77% |
993,826
-29,424
| -3% | -$3.78M |
2013 Q2
6 quarters
|
|
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VARA
First Manhattan's Q4 2014 Portfolio in Review
As of Q4 2014, First Manhattan held 1,616 positions worth $17.7B, up 2.7% from $17.2B the previous quarter. Its ten largest holdings account for 41% of the portfolio.
First Manhattan's Q4 2014 filing shows 117 new, 269 increased, 388 reduced and 69 closed positions. Its largest new stake was Liberty Broadband Class C: 278,386 shares worth $13.9M. The largest sale was Berkshire Hathaway Class A, an estimated $215M.
By sector, the portfolio is most concentrated in Financials at 37% of assets, down from 37% a quarter earlier, followed by Healthcare and Miscellaneous.
- First Manhattan's largest Q4 2014 buy was Liberty Broadband Class C: 278,386 shares worth $13.9M.
- First Manhattan added most to Perrigo in Q4 2014, an estimated $140M increase.
- First Manhattan's biggest Q4 2014 reduction was Berkshire Hathaway Class A, cutting an estimated $215M.
- First Manhattan fully exited INTERVEST BANCSHARES CORP COM in Q4 2014, selling an estimated $1.46M.
- First Manhattan's ten largest holdings make up 41% of its $17.7B portfolio in Q4 2014.
- First Manhattan opened 117 new positions and closed 69 in Q4 2014.
- First Manhattan's portfolio value rose 2.7% quarter-over-quarter to $17.7B.
Based on First Manhattan's 13F filing for Q4 2014, filed 20 Jan 2015.