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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
+1.22%
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
$17.3B
AUM Growth
-$231M
(-1.3%)
Cap. Flow
-$257M
Cap. Flow % of AUM
Cap. Flow %
-1.48%
Top 10 Holdings %
Top 10 Hldgs %
45.69%
Holding
1,488
New
54
Increased
184
Reduced
420
Closed
78
Avg Time Held
3.6
years
Top 10 Avg Time Held
3.4
years
Top 20 Avg Time Held
3.3
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class C
GOOG
|
+$99.5M |
| 2 |
eBay
EBAY
|
+$47.9M |
| 3 |
People Inc
PPLI
|
+$39.6M |
| 4 |
WBC
WABCO HOLDINGS INC.
WBC
|
+$29.6M |
| 5 |
Visa
V
|
+$25.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Berkshire Hathaway Class A
BRK.A
|
+$76.7M |
| 2 |
TWX
Time Warner Inc
TWX
|
+$55.1M |
| 3 |
Enanta Pharmaceuticals
ENTA
|
+$30.2M |
| 4 |
Microsoft
MSFT
|
+$25.7M |
| 5 |
EOG Resources
EOG
|
+$23M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 37.53% |
| 2 | Healthcare | 10.96% |
| 3 | Technology | 10.67% |
| 4 | Industrials | 9.23% |
| 5 | Communication Services | 7.39% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
Berkshire Hathaway Class A
BRK.A
$1.19T
| $4.03B | 23.25% |
14,297
-262
| -2% | -$76.7M |
2013 Q2
20 quarters
|
|
|
2
Microsoft
MSFT
$3.77T
| $668M | 3.85% |
6,770,307
-265,403
| -4% | -$25.7M |
2013 Q2
20 quarters
|
|
3
Apple
AAPL
$4.94T
| $607M | 3.5% |
13,126,504
-426,416
| -3% | -$19.3M |
2013 Q2
20 quarters
|
|
4
Brookfield
BN
$92.6B
| $606M | 3.5% |
41,923,778
-1,507,736
| -3% | -$21.5M |
2013 Q2
20 quarters
|
|
5
Berkshire Hathaway Class B
BRK.B
$1.19T
| $481M | 2.77% |
2,577,538
-73,920
| -3% | -$14.4M |
2013 Q2
20 quarters
|
|
6
Johnson & Johnson
JNJ
$651B
| $285M | 1.64% |
2,348,721
-55,033
| -2% | -$6.87M |
2013 Q2
20 quarters
|
|
7
Danaher
DHR
$160B
| $269M | 1.55% |
3,074,124
-42,582
| -1% | -$3.79M |
2013 Q2
20 quarters
|
|
8
Honeywell
HON
$70.9B
| $261M | 1.5% |
2,002,871
-18,410
| -0.9% | -$2.45M |
2013 Q2
20 quarters
|
|
9
Wells Fargo
WFC
$258B
| $234M | 1.35% |
4,228,889
-331,690
| -7% | -$17.8M |
2013 Q2
20 quarters
|
|
|
10
Alphabet (Google) Class C
GOOG
$3.42T
| $234M | 1.35% |
4,190,780
+1,840,700
| +78% | +$99.5M |
2013 Q2
20 quarters
|
|
11
Aramark
ARMK
$14.3B
| $210M | 1.21% |
7,857,725
+733,939
| +10% | +$20.3M |
2014 Q2
16 quarters
|
|
|
DNKN
12
DELISTED
Dunkin' Brands Group, Inc.
DNKN
| $197M | 1.13% |
2,845,278
-19,873
| -0.7% | -$1.28M |
2013 Q4
18 quarters
|
|
13
Gilead Sciences
GILD
$211B
| $192M | 1.11% |
2,715,828
-29,423
| -1% | -$2.08M |
2013 Q2
20 quarters
|
|
14
Oracle
ORCL
$361B
| $192M | 1.11% |
4,350,575
-94,641
| -2% | -$4.36M |
2013 Q2
20 quarters
|
|
15
Comcast
CMCSA
$84.8B
| $186M | 1.07% |
5,672,371
-118,239
| -2% | -$3.85M |
2013 Q2
20 quarters
|
|
16
Pfizer
PFE
$175B
| $184M | 1.06% |
5,355,282
+54,447
| +1% | +$1.86M |
2013 Q2
20 quarters
|
|
17
AB InBev
BUD
$165B
| $151M | 0.87% |
1,498,184
-175,698
| -10% | -$17.4M |
2013 Q2
20 quarters
|
|
18
FedEx
FDX
$74.5B
| $144M | 0.83% |
636,081
+35,322
| +6% | +$8.75M |
2013 Q2
20 quarters
|
|
19
Accenture
ACN
$160B
| $144M | 0.83% |
880,990
+24,811
| +3% | +$3.86M |
2013 Q2
20 quarters
|
|
|
20
People Inc
PPLI
$2.75B
| $140M | 0.81% |
5,135,152
+1,444,404
| +39% | +$39.6M |
2017 Q1
5 quarters
|
|
21
Mondelez International
MDLZ
$84B
| $135M | 0.78% |
3,293,240
+37,641
| +1% | +$1.51M |
2013 Q2
20 quarters
|
|
22
Philip Morris
PM
$325B
| $132M | 0.76% |
1,638,509
-16,889
| -1% | -$1.43M |
2013 Q2
20 quarters
|
|
23
Service Corp International
SCI
$10.6B
| $130M | 0.75% |
3,628,723
+68,948
| +2% | +$2.55M |
2015 Q1
13 quarters
|
|
24
3M
MMM
$92B
| $129M | 0.74% |
782,780
-13,186
| -2% | -$2.25M |
2013 Q2
20 quarters
|
|
25
U-Haul Holding Co
UHAL
$11.6B
| $113M | 0.65% |
3,162,760
-463,160
| -13% | -$16.1M |
2016 Q1
9 quarters
|
|
Similar funds
First Manhattan's Q2 2018 Portfolio in Review
As of Q2 2018, First Manhattan held 1,488 positions worth $17.3B, down 1.3% from $17.6B the previous quarter. Its ten largest holdings account for 46% of the portfolio.
First Manhattan's Q2 2018 filing shows 54 new, 184 increased, 420 reduced and 78 closed positions. Its largest new stake was Evergy: 250,923 shares worth $14.1M. The largest sale was Berkshire Hathaway Class A, an estimated $76.7M.
By sector, the portfolio is most concentrated in Financials at 38% of assets, down from 39% a quarter earlier, followed by Healthcare and Technology.
- First Manhattan's largest Q2 2018 buy was Evergy: 250,923 shares worth $14.1M.
- First Manhattan added most to Alphabet (Google) Class C in Q2 2018, an estimated $99.5M increase.
- First Manhattan's biggest Q2 2018 reduction was Berkshire Hathaway Class A, cutting an estimated $76.7M.
- First Manhattan fully exited Time Warner Inc in Q2 2018, selling an estimated $55.1M.
- First Manhattan's ten largest holdings make up 46% of its $17.3B portfolio in Q2 2018.
- First Manhattan opened 54 new positions and closed 78 in Q2 2018.
- First Manhattan's portfolio value fell 1.3% quarter-over-quarter to $17.3B.
Based on First Manhattan's 13F filing for Q2 2018, filed 1 Aug 2018.