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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
-15.95%
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
$24.8B
AUM Growth
-$5.76B
(-19%)
Cap. Flow
-$436M
Cap. Flow % of AUM
Cap. Flow %
-1.76%
Top 10 Holdings %
Top 10 Hldgs %
58.6%
Holding
1,743
New
69
Increased
227
Reduced
442
Closed
85
Avg Time Held
4.6
years
Top 10 Avg Time Held
5.2
years
Top 20 Avg Time Held
4.8
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
FMC Excelsior Focus Equity ETF
FMCX
|
+$69.1M |
| 2 |
S&P Global
SPGI
|
+$55.4M |
| 3 |
Amazon
AMZN
|
+$23.4M |
| 4 |
BioCryst Pharmaceuticals
BCRX
|
+$18.6M |
| 5 |
Entegris
ENTG
|
+$17.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Berkshire Hathaway Class A
BRK.A
|
+$173M |
| 2 |
GoDaddy
GDDY
|
+$69.1M |
| 3 |
PayPal
PYPL
|
+$40.1M |
| 4 |
IAA
IAA, Inc. Common Stock
IAA
|
+$37.1M |
| 5 |
Domino's
DPZ
|
+$35.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 42.55% |
| 2 | Technology | 14.81% |
| 3 | Healthcare | 11.74% |
| 4 | Consumer Discretionary | 8.87% |
| 5 | Communication Services | 7.09% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
Berkshire Hathaway Class A
BRK.A
$1.23T
| $7.67B | 30.9% |
18,754
-368
| -2% | -$173M |
2013 Q2
36 quarters
|
|
2
Apple
AAPL
$5.14T
| $1.33B | 5.36% |
9,753,415
-92,499
| -0.9% | -$14M |
2013 Q2
36 quarters
|
|
3
Microsoft
MSFT
$3.92T
| $1.3B | 5.22% |
5,055,761
-27,973
| -0.6% | -$7.59M |
2013 Q2
36 quarters
|
|
4
UnitedHealth
UNH
$356B
| $818M | 3.3% |
1,599,809
-19,514
| -1% | -$9.8M |
2013 Q2
36 quarters
|
|
5
Brookfield
BN
$94.9B
| $718M | 2.89% |
30,087,645
-243,822
| -0.8% | -$6.52M |
2013 Q2
36 quarters
|
|
6
Alphabet (Google) Class C
GOOG
$3.54T
| $609M | 2.46% |
5,577,560
+41,660
| +0.8% | +$4.92M |
2013 Q2
36 quarters
|
|
7
Berkshire Hathaway Class B
BRK.B
$1.23T
| $591M | 2.38% |
2,165,260
-5,455
| -0.3% | -$1.71M |
2013 Q2
36 quarters
|
|
8
AutoZone
AZO
$51.3B
| $565M | 2.28% |
262,787
-5,786
| -2% | -$11.9M |
2013 Q2
36 quarters
|
|
9
Danaher
DHR
$166B
| $529M | 2.13% |
2,355,380
-14,484
| -0.6% | -$3.34M |
2013 Q2
36 quarters
|
|
|
10
Amazon
AMZN
$2.9T
| $382M | 1.54% |
3,627,312
+186,932
| +5% | +$23.4M |
2013 Q2
36 quarters
|
|
11
Thermo Fisher Scientific
TMO
$268B
| $348M | 1.4% |
643,471
+12,837
| +2% | +$7.07M |
2013 Q2
36 quarters
|
|
12
KKR & Co
KKR
$91.1B
| $310M | 1.25% |
6,795,422
-67,689
| -1% | -$3.55M |
2019 Q1
13 quarters
|
|
13
Oracle
ORCL
$391B
| $303M | 1.22% |
4,335,690
+144,070
| +3% | +$10.5M |
2013 Q2
36 quarters
|
|
14
Johnson & Johnson
JNJ
$668B
| $274M | 1.11% |
1,544,865
-63,132
| -4% | -$11.2M |
2013 Q2
36 quarters
|
|
15
People Inc
PPLI
$3.28B
| $266M | 1.07% |
4,309,755
-251,514
| -6% | -$17.7M |
2017 Q1
21 quarters
|
|
16
Honeywell
HON
$72.2B
| $250M | 1.01% |
1,530,838
+593
| +0% | +$106K |
2013 Q2
36 quarters
|
|
17
Texas Pacific Land
TPL
$19.4B
| $222M | 0.89% |
1,341,972
-900
| -0.1% | -$147K |
2013 Q2
36 quarters
|
|
18
Accenture
ACN
$150B
| $215M | 0.87% |
775,067
-2,618
| -0.3% | -$787K |
2013 Q2
36 quarters
|
|
19
AbbVie
ABBV
$514B
| $215M | 0.87% |
1,401,603
-67,521
| -5% | -$10.3M |
2019 Q2
12 quarters
|
|
20
Comcast
CMCSA
$87.4B
| $209M | 0.84% |
5,345,261
+247,462
| +5% | +$10.6M |
2013 Q2
36 quarters
|
|
21
Philip Morris
PM
$301B
| $190M | 0.77% |
1,926,196
-10,952
| -0.6% | -$1.12M |
2013 Q2
36 quarters
|
|
|
22
S&P Global
SPGI
$137B
| $187M | 0.75% |
556,361
+155,448
| +39% | +$55.4M |
2016 Q2
24 quarters
|
|
23
Keysight
KEYS
$51.9B
| $185M | 0.75% |
1,360,970
+8,438
| +0.6% | +$1.2M |
2014 Q4
30 quarters
|
|
24
Alphabet (Google) Class A
GOOGL
$3.58T
| $182M | 0.73% |
1,690,940
+33,380
| +2% | +$3.93M |
2015 Q4
26 quarters
|
|
25
Meta Platforms (Facebook)
META
$1.64T
| $182M | 0.73% |
1,127,581
-80,955
| -7% | -$15.6M |
2013 Q2
36 quarters
|
|
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VARA
First Manhattan's Q2 2022 Portfolio in Review
As of Q2 2022, First Manhattan held 1,743 positions worth $24.8B, down 19% from $30.6B the previous quarter. Its ten largest holdings account for 59% of the portfolio.
First Manhattan's Q2 2022 filing shows 69 new, 227 increased, 442 reduced and 85 closed positions. Its largest new stake was FMC Excelsior Focus Equity ETF: 2,965,564 shares worth $66.8M. The largest sale was Berkshire Hathaway Class A, an estimated $173M.
By sector, the portfolio is most concentrated in Financials at 43% of assets, down from 45% a quarter earlier, followed by Technology and Healthcare.
- First Manhattan's largest Q2 2022 buy was FMC Excelsior Focus Equity ETF: 2,965,564 shares worth $66.8M.
- First Manhattan added most to S&P Global in Q2 2022, an estimated $55.4M increase.
- First Manhattan's biggest Q2 2022 reduction was Berkshire Hathaway Class A, cutting an estimated $173M.
- First Manhattan fully exited American National Group, Inc. Common Stock in Q2 2022, selling an estimated $27.7M.
- First Manhattan's ten largest holdings make up 59% of its $24.8B portfolio in Q2 2022.
- First Manhattan opened 69 new positions and closed 85 in Q2 2022.
- First Manhattan's portfolio value fell 19% quarter-over-quarter to $24.8B.
Based on First Manhattan's 13F filing for Q2 2022, filed 15 Aug 2022.