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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
+9.91%
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
$18.8B
AUM Growth
+$1.42B
(+8.2%)
Cap. Flow
-$201M
Cap. Flow % of AUM
Cap. Flow %
-1.07%
Top 10 Holdings %
Top 10 Hldgs %
47.38%
Holding
1,494
New
84
Increased
182
Reduced
403
Closed
46
Avg Time Held
3.6
years
Top 10 Avg Time Held
3.7
years
Top 20 Avg Time Held
3.3
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Spectrum Brands
SPB
|
+$56.3M |
| 2 |
AutoZone
AZO
|
+$50.8M |
| 3 |
Lennar Class A
LEN
|
+$40.8M |
| 4 |
Alphabet (Google) Class C
GOOG
|
+$37.6M |
| 5 |
WBC
WABCO HOLDINGS INC.
WBC
|
+$30.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Microsoft
MSFT
|
+$90.6M |
| 2 |
U-Haul Holding Co
UHAL
|
+$68.7M |
| 3 |
HRG
HRG Group, Inc.
HRG
|
+$53.7M |
| 4 |
GCP
GCP Applied Technologies Inc.
GCP
|
+$38.9M |
| 5 |
Comcast
CMCSA
|
+$29.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 38.19% |
| 2 | Healthcare | 11.33% |
| 3 | Technology | 10.86% |
| 4 | Industrials | 8.51% |
| 5 | Communication Services | 7.3% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
Berkshire Hathaway Class A
BRK.A
$1.26T
| $4.6B | 24.51% |
14,371
+74
| +0.5% | +$22.9M |
2013 Q2
21 quarters
|
|
2
Apple
AAPL
$5.18T
| $733M | 3.9% |
12,981,740
-144,764
| -1% | -$7.54M |
2013 Q2
21 quarters
|
|
|
3
Microsoft
MSFT
$3.89T
| $679M | 3.62% |
5,934,719
-835,588
| -12% | -$90.6M |
2013 Q2
21 quarters
|
|
4
Brookfield
BN
$91.5B
| $649M | 3.46% |
40,860,786
-1,062,992
| -3% | -$16.2M |
2013 Q2
21 quarters
|
|
5
Berkshire Hathaway Class B
BRK.B
$1.26T
| $548M | 2.92% |
2,560,706
-16,832
| -0.7% | -$3.45M |
2013 Q2
21 quarters
|
|
6
Johnson & Johnson
JNJ
$688B
| $322M | 1.72% |
2,330,915
-17,806
| -0.8% | -$2.37M |
2013 Q2
21 quarters
|
|
7
Honeywell
HON
$70.6B
| $299M | 1.59% |
1,988,230
-14,641
| -0.7% | -$2.08M |
2013 Q2
21 quarters
|
|
8
Danaher
DHR
$164B
| $293M | 1.56% |
3,043,649
-30,475
| -1% | -$2.78M |
2013 Q2
21 quarters
|
|
|
9
Alphabet (Google) Class C
GOOG
$3.6T
| $288M | 1.53% |
4,819,280
+628,500
| +15% | +$37.6M |
2013 Q2
21 quarters
|
|
10
Aramark
ARMK
$14.2B
| $246M | 1.31% |
7,928,147
+70,422
| +0.9% | +$2.06M |
2014 Q2
17 quarters
|
|
11
Wells Fargo
WFC
$258B
| $222M | 1.18% |
4,227,803
-1,086
| -0% | -$62K |
2013 Q2
21 quarters
|
|
12
Pfizer
PFE
$165B
| $216M | 1.15% |
5,171,992
-183,290
| -3% | -$7.06M |
2013 Q2
21 quarters
|
|
13
Oracle
ORCL
$391B
| $216M | 1.15% |
4,180,605
-169,970
| -4% | -$8.26M |
2013 Q2
21 quarters
|
|
|
DNKN
14
DELISTED
Dunkin' Brands Group, Inc.
DNKN
| $207M | 1.1% |
2,806,122
-39,156
| -1% | -$2.83M |
2013 Q4
19 quarters
|
|
15
People Inc
PPLI
$3.28B
| $204M | 1.09% |
5,267,287
+132,135
| +3% | +$4.29M |
2017 Q1
6 quarters
|
|
16
Gilead Sciences
GILD
$208B
| $201M | 1.07% |
2,608,510
-107,318
| -4% | -$8.11M |
2013 Q2
21 quarters
|
|
17
Service Corp International
SCI
$10.2B
| $181M | 0.97% |
4,098,667
+469,944
| +13% | +$19M |
2015 Q1
14 quarters
|
|
|
18
Comcast
CMCSA
$89.3B
| $171M | 0.91% |
4,842,575
-829,796
| -15% | -$29.4M |
2013 Q2
21 quarters
|
|
19
FedEx
FDX
$75.9B
| $155M | 0.82% |
642,715
+6,634
| +1% | +$1.61M |
2013 Q2
21 quarters
|
|
20
Philip Morris
PM
$310B
| $149M | 0.8% |
1,831,279
+192,770
| +12% | +$15.8M |
2013 Q2
21 quarters
|
|
21
Accenture
ACN
$148B
| $147M | 0.78% |
863,674
-17,316
| -2% | -$2.88M |
2013 Q2
21 quarters
|
|
22
Mondelez International
MDLZ
$85.5B
| $145M | 0.77% |
3,381,143
+87,903
| +3% | +$3.75M |
2013 Q2
21 quarters
|
|
23
3M
MMM
$94.7B
| $137M | 0.73% |
775,931
-6,849
| -0.9% | -$1.18M |
2013 Q2
21 quarters
|
|
24
Texas Pacific Land
TPL
$20.1B
| $136M | 0.72% |
1,413,954
| – | – |
2013 Q2
21 quarters
|
|
|
25
AutoZone
AZO
$52.5B
| $135M | 0.72% |
173,507
+68,955
| +66% | +$50.8M |
2013 Q2
21 quarters
|
|
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VARA
First Manhattan's Q3 2018 Portfolio in Review
As of Q3 2018, First Manhattan held 1,494 positions worth $18.8B, up 8.2% from $17.3B the previous quarter. Its ten largest holdings account for 47% of the portfolio.
First Manhattan's Q3 2018 filing shows 84 new, 182 increased, 403 reduced and 46 closed positions. Its largest new stake was DMK Pharmaceuticals Corporation Common Stock: 48,847 shares worth $12M. The largest sale was Microsoft, an estimated $90.6M.
By sector, the portfolio is most concentrated in Financials at 38% of assets, up from 38% a quarter earlier, followed by Healthcare and Technology.
- First Manhattan's largest Q3 2018 buy was DMK Pharmaceuticals Corporation Common Stock: 48,847 shares worth $12M.
- First Manhattan added most to Spectrum Brands in Q3 2018, an estimated $56.3M increase.
- First Manhattan's biggest Q3 2018 reduction was Microsoft, cutting an estimated $90.6M.
- First Manhattan fully exited HRG Group, Inc. in Q3 2018, selling an estimated $53.7M.
- First Manhattan's ten largest holdings make up 47% of its $18.8B portfolio in Q3 2018.
- First Manhattan opened 84 new positions and closed 46 in Q3 2018.
- First Manhattan's portfolio value rose 8.2% quarter-over-quarter to $18.8B.
Based on First Manhattan's 13F filing for Q3 2018, filed 15 Oct 2018.