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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
+5.13%
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
$18B
AUM Growth
+$691M
(+4%)
Cap. Flow
-$118M
Cap. Flow % of AUM
Cap. Flow %
-0.66%
Top 10 Holdings %
Top 10 Hldgs %
48.77%
Holding
1,502
New
63
Increased
171
Reduced
472
Closed
89
Avg Time Held
4
years
Top 10 Avg Time Held
3.7
years
Top 20 Avg Time Held
3
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
IAA
IAA, Inc. Common Stock
IAA
|
+$162M |
| 2 |
Intercontinental Exchange
ICE
|
+$104M |
| 3 |
Liberty Media Corporation Series C Liberty SiriusXM Common Stock
LSXMK
|
+$63M |
| 4 |
Union Pacific
UNP
|
+$62.5M |
| 5 |
People Inc
PPLI
|
+$41.9M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Openlane
OPLN
|
+$100M |
| 2 |
Aramark
ARMK
|
+$100M |
| 3 |
Wells Fargo
WFC
|
+$53.8M |
| 4 |
Arrowhead Research
ARWR
|
+$40.5M |
| 5 |
Apple
AAPL
|
+$32M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 40.9% |
| 2 | Technology | 11.26% |
| 3 | Healthcare | 10.72% |
| 4 | Consumer Discretionary | 8.52% |
| 5 | Communication Services | 7.58% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
Berkshire Hathaway Class A
BRK.A
$1.25T
| $4.54B | 25.22% |
14,270
-58
| -0.4% | -$18M |
2013 Q2
24 quarters
|
|
2
Microsoft
MSFT
$3.87T
| $779M | 4.32% |
5,813,184
-115,105
| -2% | -$14.6M |
2013 Q2
24 quarters
|
|
3
Brookfield
BN
$93.9B
| $646M | 3.59% |
37,888,426
-707,202
| -2% | -$12M |
2013 Q2
24 quarters
|
|
|
4
Apple
AAPL
$5.17T
| $590M | 3.27% |
11,919,412
-656,748
| -5% | -$32M |
2013 Q2
24 quarters
|
|
5
Berkshire Hathaway Class B
BRK.B
$1.25T
| $511M | 2.84% |
2,398,282
-66,359
| -3% | -$13.7M |
2013 Q2
24 quarters
|
|
6
Danaher
DHR
$166B
| $359M | 1.99% |
2,834,321
-59,467
| -2% | -$7.04M |
2013 Q2
24 quarters
|
|
7
Johnson & Johnson
JNJ
$675B
| $316M | 1.75% |
2,266,528
-1,780
| -0.1% | -$246K |
2013 Q2
24 quarters
|
|
|
8
People Inc
PPLI
$3.3B
| $301M | 1.67% |
7,740,457
+1,051,069
| +16% | +$41.9M |
2017 Q1
9 quarters
|
|
9
Honeywell
HON
$72.1B
| $292M | 1.62% |
1,776,869
-33,332
| -2% | -$5.3M |
2013 Q2
24 quarters
|
|
10
Alphabet (Google) Class C
GOOG
$3.57T
| $287M | 1.59% |
5,314,760
+75,400
| +1% | +$4.35M |
2013 Q2
24 quarters
|
|
11
Oracle
ORCL
$400B
| $227M | 1.26% |
3,985,574
-62,391
| -2% | -$3.38M |
2013 Q2
24 quarters
|
|
12
Service Corp International
SCI
$10.2B
| $211M | 1.17% |
4,509,121
-50,330
| -1% | -$2.17M |
2015 Q1
17 quarters
|
|
|
DNKN
13
DELISTED
Dunkin' Brands Group, Inc.
DNKN
| $202M | 1.12% |
2,540,684
-75,965
| -3% | -$5.78M |
2013 Q4
22 quarters
|
|
14
AutoZone
AZO
$52.1B
| $197M | 1.1% |
179,397
-3,750
| -2% | -$3.95M |
2013 Q2
24 quarters
|
|
15
Mondelez International
MDLZ
$84.4B
| $184M | 1.02% |
3,409,355
-50,568
| -1% | -$2.63M |
2013 Q2
24 quarters
|
|
16
Pfizer
PFE
$168B
| $177M | 0.98% |
4,298,676
-360,762
| -8% | -$14.3M |
2013 Q2
24 quarters
|
|
17
Thermo Fisher Scientific
TMO
$266B
| $167M | 0.93% |
568,205
+60,829
| +12% | +$16.8M |
2013 Q2
24 quarters
|
|
|
IAA
18
DELISTED
IAA, Inc. Common Stock
IAA
| $162M | 0.9% |
+4,183,347
| New | +$162M |
2019 Q2
0 quarters
|
|
|
WBC
19
DELISTED
WABCO HOLDINGS INC.
WBC
| $162M | 0.9% |
1,221,661
-203,028
| -14% | -$26.8M |
2013 Q2
24 quarters
|
|
20
Accenture
ACN
$150B
| $160M | 0.89% |
863,828
-19,865
| -2% | -$3.57M |
2013 Q2
24 quarters
|
|
21
KKR & Co
KKR
$89.7B
| $159M | 0.89% |
6,308,286
+670,935
| +12% | +$16.1M |
2019 Q1
1 quarter
|
|
22
Philip Morris
PM
$306B
| $141M | 0.79% |
1,800,939
-10,530
| -0.6% | -$870K |
2013 Q2
24 quarters
|
|
|
23
Intercontinental Exchange
ICE
$101B
| $141M | 0.79% |
1,645,420
+1,279,502
| +350% | +$104M |
2014 Q1
21 quarters
|
|
24
Comcast
CMCSA
$88.8B
| $140M | 0.77% |
3,300,041
-73,220
| -2% | -$3.09M |
2013 Q2
24 quarters
|
|
|
25
Wells Fargo
WFC
$258B
| $139M | 0.77% |
2,931,241
-1,151,048
| -28% | -$53.8M |
2013 Q2
24 quarters
|
|
Similar funds
VARA
First Manhattan's Q2 2019 Portfolio in Review
As of Q2 2019, First Manhattan held 1,502 positions worth $18B, up 4% from $17.3B the previous quarter. Its ten largest holdings account for 49% of the portfolio.
First Manhattan's Q2 2019 filing shows 63 new, 171 increased, 472 reduced and 89 closed positions. Its largest new stake was IAA, Inc. Common Stock: 4,183,347 shares worth $162M. The largest sale was Openlane, an estimated $100M.
By sector, the portfolio is most concentrated in Financials at 41% of assets, up from 40% a quarter earlier, followed by Technology and Healthcare.
- First Manhattan's largest Q2 2019 buy was IAA, Inc. Common Stock: 4,183,347 shares worth $162M.
- First Manhattan added most to Intercontinental Exchange in Q2 2019, an estimated $104M increase.
- First Manhattan's biggest Q2 2019 reduction was Openlane, cutting an estimated $100M.
- First Manhattan fully exited Natera in Q2 2019, selling an estimated $21.2M.
- First Manhattan's ten largest holdings make up 49% of its $18B portfolio in Q2 2019.
- First Manhattan opened 63 new positions and closed 89 in Q2 2019.
- First Manhattan's portfolio value rose 4% quarter-over-quarter to $18B.
Based on First Manhattan's 13F filing for Q2 2019, filed 16 Aug 2019.