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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
+5.8%
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
$18.3B
AUM Growth
+$788M
(+4.5%)
Cap. Flow
-$100M
Cap. Flow % of AUM
Cap. Flow %
-0.55%
Top 10 Holdings %
Top 10 Hldgs %
46.77%
Holding
1,587
New
98
Increased
280
Reduced
424
Closed
89
Avg Time Held
3.1
years
Top 10 Avg Time Held
2.9
years
Top 20 Avg Time Held
2.9
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Ulta Beauty
ULTA
|
+$59M |
| 2 |
Mondelez International
MDLZ
|
+$58.6M |
| 3 |
Mettler-Toledo International
MTD
|
+$55.5M |
| 4 |
Oracle
ORCL
|
+$45.4M |
| 5 |
Criteo S.A.
CRTO
|
+$34.5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Coty
COTY
|
+$87.8M |
| 2 |
CVS Health
CVS
|
+$47.4M |
| 3 |
Liberty Global Class C
LBTYK
|
+$46.4M |
| 4 |
GE Aerospace
GE
|
+$36M |
| 5 |
The Kraft Heinz Company
KHC
|
+$27.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 39.35% |
| 2 | Healthcare | 10.89% |
| 3 | Industrials | 9.89% |
| 4 | Technology | 9.42% |
| 5 | Communication Services | 6.02% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
Berkshire Hathaway Class A
BRK.A
$1.19T
| $4.35B | 23.85% |
14,623
+103
| +0.7% | +$29.3M |
2013 Q2
18 quarters
|
|
2
Brookfield
BN
$92.6B
| $700M | 3.83% |
45,049,523
-829,741
| -2% | -$12.5M |
2013 Q2
18 quarters
|
|
3
Microsoft
MSFT
$3.77T
| $621M | 3.4% |
7,262,507
-79,455
| -1% | -$6.52M |
2013 Q2
18 quarters
|
|
4
Apple
AAPL
$4.94T
| $580M | 3.18% |
13,707,812
+105,748
| +0.8% | +$4.42M |
2013 Q2
18 quarters
|
|
5
Berkshire Hathaway Class B
BRK.B
$1.19T
| $530M | 2.9% |
2,674,404
-24,692
| -0.9% | -$4.69M |
2013 Q2
18 quarters
|
|
6
Johnson & Johnson
JNJ
$651B
| $332M | 1.82% |
2,376,228
-68,407
| -3% | -$9.5M |
2013 Q2
18 quarters
|
|
7
Honeywell
HON
$70.9B
| $288M | 1.58% |
2,076,163
-34,169
| -2% | -$4.58M |
2013 Q2
18 quarters
|
|
8
Wells Fargo
WFC
$258B
| $279M | 1.53% |
4,594,978
+260,055
| +6% | +$14.7M |
2013 Q2
18 quarters
|
|
9
Danaher
DHR
$160B
| $262M | 1.44% |
3,185,651
-35,953
| -1% | -$2.92M |
2013 Q2
18 quarters
|
|
10
Comcast
CMCSA
$84.8B
| $233M | 1.28% |
5,814,454
-70,023
| -1% | -$2.63M |
2013 Q2
18 quarters
|
|
11
Aramark
ARMK
$14.3B
| $222M | 1.21% |
7,184,074
+493,038
| +7% | +$15.1M |
2014 Q2
14 quarters
|
|
|
12
Oracle
ORCL
$361B
| $206M | 1.13% |
4,365,351
+924,964
| +27% | +$45.4M |
2013 Q2
18 quarters
|
|
13
Gilead Sciences
GILD
$211B
| $199M | 1.09% |
2,777,138
-19,270
| -0.7% | -$1.46M |
2013 Q2
18 quarters
|
|
14
AB InBev
BUD
$165B
| $195M | 1.07% |
1,747,642
-48,921
| -3% | -$5.75M |
2013 Q2
18 quarters
|
|
15
Pfizer
PFE
$175B
| $184M | 1.01% |
5,341,901
+6,868
| +0.1% | +$234K |
2013 Q2
18 quarters
|
|
16
Philip Morris
PM
$325B
| $172M | 0.94% |
1,627,983
+57,386
| +4% | +$6.11M |
2013 Q2
18 quarters
|
|
17
3M
MMM
$92B
| $160M | 0.88% |
813,432
-17,789
| -2% | -$3.42M |
2013 Q2
18 quarters
|
|
18
FedEx
FDX
$74.5B
| $146M | 0.8% |
586,659
+16,213
| +3% | +$3.71M |
2013 Q2
18 quarters
|
|
19
U-Haul Holding Co
UHAL
$11.6B
| $140M | 0.76% |
3,693,970
-37,680
| -1% | -$1.41M |
2016 Q1
7 quarters
|
|
20
Service Corp International
SCI
$10.6B
| $134M | 0.73% |
3,583,051
-30,957
| -0.9% | -$1.11M |
2015 Q1
11 quarters
|
|
21
Accenture
ACN
$160B
| $128M | 0.7% |
833,900
-37,451
| -4% | -$5.43M |
2013 Q2
18 quarters
|
|
22
Ally Financial
ALLY
$11.7B
| $117M | 0.64% |
4,015,836
-108,096
| -3% | -$2.87M |
2015 Q1
11 quarters
|
|
23
Alphabet (Google) Class C
GOOG
$3.42T
| $115M | 0.63% |
2,205,960
+30,480
| +1% | +$1.55M |
2013 Q2
18 quarters
|
|
24
American Express
AXP
$220B
| $111M | 0.61% |
1,112,832
-15,776
| -1% | -$1.5M |
2013 Q2
18 quarters
|
|
25
Canadian Natural Resources
CNQ
$111B
| $110M | 0.6% |
6,261,854
+7,847
| +0.1% | +$132K |
2013 Q2
18 quarters
|
|
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First Manhattan's Q4 2017 Portfolio in Review
As of Q4 2017, First Manhattan held 1,587 positions worth $18.3B, up 4.5% from $17.5B the previous quarter. Its ten largest holdings account for 47% of the portfolio.
First Manhattan's Q4 2017 filing shows 98 new, 280 increased, 424 reduced and 89 closed positions. Its largest new stake was Ulta Beauty: 278,688 shares worth $62.3M. The largest sale was Coty, an estimated $87.8M.
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 Q4 2017 buy was Ulta Beauty: 278,688 shares worth $62.3M.
- First Manhattan added most to Mondelez International in Q4 2017, an estimated $58.6M increase.
- First Manhattan's biggest Q4 2017 reduction was Coty, cutting an estimated $87.8M.
- First Manhattan fully exited Clovis Oncology, Inc. in Q4 2017, selling an estimated $8.33M.
- First Manhattan's ten largest holdings make up 47% of its $18.3B portfolio in Q4 2017.
- First Manhattan opened 98 new positions and closed 89 in Q4 2017.
- First Manhattan's portfolio value rose 4.5% quarter-over-quarter to $18.3B.
Based on First Manhattan's 13F filing for Q4 2017, filed 22 Jan 2018.