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First Manhattan Portfolio holdings
AUM
$36.1B
1-Year Est. Return
11.5%
This Fund
S&P 500
This Quarter
Est. Return
+11.3%
1 Year Est. Return
+11.5%
3 Year Est. Return
+74.65%
5 Year Est. Return
+103.66%
10 Year Est. Return
+354.63%
AUM
$30.9B
AUM Growth
+$2.04B
(+7.1%)
Cap. Flow
-$960M
Cap. Flow
% of AUM
-3.11%
Top 10 Holdings %
Top 10 Hldgs %
59.96%
Holding
1,523
New
87
Increased
195
Reduced
484
Closed
113
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Applied Materials
AMAT
|
+$232M |
| 2 |
Take-Two Interactive
TTWO
|
+$188M |
| 3 |
AZPN
Aspen Technology Inc
AZPN
|
+$103M |
| 4 |
Markel Group
MKL
|
+$51.1M |
| 5 |
Veralto
VLTO
|
+$28M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Berkshire Hathaway Class A
BRK.A
|
+$1.08B |
| 2 |
Entegris
ENTG
|
+$151M |
| 3 |
American Tower
AMT
|
+$74.3M |
| 4 |
Apple
AAPL
|
+$39.5M |
| 5 |
Microsoft
MSFT
|
+$32M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 45.75% |
| 2 | Technology | 17.98% |
| 3 | Consumer Discretionary | 8.5% |
| 4 | Healthcare | 8.28% |
| 5 | Communication Services | 5.94% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Berkshire Hathaway Class A
BRK.A
$1.07T
| $9.71B | 31.48% |
15,312
-1,818
| -11% | -$1.08B |
|
|
2
Microsoft
MSFT
$2.84T
| $1.92B | 6.23% |
4,573,109
-78,948
| -2% | -$32M |
|
|
3
Apple
AAPL
$4.89T
| $1.18B | 3.84% |
6,903,242
-217,308
| -3% | -$39.5M |
|
4
KKR & Co
KKR
$89.2B
| $918M | 2.97% |
9,124,617
-225,299
| -2% | -$20.7M |
|
5
Alphabet (Google) Class C
GOOG
$3.9T
| $851M | 2.76% |
5,590,954
-39,727
| -0.7% | -$5.73M |
|
6
UnitedHealth
UNH
$382B
| $847M | 2.74% |
1,711,813
-13,916
| -0.8% | -$7.07M |
|
|
7
Berkshire Hathaway Class B
BRK.B
$1.07T
| $832M | 2.7% |
1,978,894
-45,980
| -2% | -$18.1M |
|
8
AutoZone
AZO
$48.3B
| $808M | 2.62% |
256,230
-275
| -0.1% | -$786K |
|
9
Brookfield
BN
$102B
| $747M | 2.42% |
26,750,627
-174,804
| -0.6% | -$4.71M |
|
10
Oracle
ORCL
$331B
| $679M | 2.2% |
5,408,092
+112,946
| +2% | +$12.9M |
|
11
Thermo Fisher Scientific
TMO
$211B
| $531M | 1.72% |
913,517
-4,294
| -0.5% | -$2.41M |
|
12
Danaher
DHR
$135B
| $526M | 1.7% |
2,106,773
-46,484
| -2% | -$11.3M |
|
13
Lowe's Companies
LOW
$116B
| $345M | 1.12% |
1,352,574
+4,954
| +0.4% | +$1.14M |
|
14
Visa
V
$677B
| $307M | 1% |
1,100,994
-1,041
| -0.1% | -$287K |
|
15
Broadcom
AVGO
$1.82T
| $306M | 0.99% |
2,308,530
+220,380
| +11% | +$27.3M |
|
16
Honeywell
HON
$77.1B
| $306M | 0.99% |
1,580,701
+34,054
| +2% | +$6.41M |
|
17
Linde
LIN
$237B
| $291M | 0.94% |
626,465
+249
| +0% | +$108K |
|
|
18
Alphabet (Google) Class A
GOOGL
$3.91T
| $284M | 0.92% |
1,882,984
+144,563
| +8% | +$20.7M |
|
19
S&P Global
SPGI
$126B
| $277M | 0.9% |
650,339
-677
| -0.1% | -$293K |
|
|
20
Applied Materials
AMAT
$426B
| $265M | 0.86% |
1,283,570
+1,264,489
| +6,627% | +$232M |
|
21
ASML
ASML
$675B
| $257M | 0.83% |
264,958
-434
| -0.2% | -$385K |
|
22
Accenture
ACN
$89.9B
| $252M | 0.82% |
727,188
-17,627
| -2% | -$6.42M |
|
23
Texas Pacific Land
TPL
$28.9B
| $248M | 0.8% |
1,283,655
-1,329
| -0.1% | -$228K |
|
24
Copart
CPRT
$25.9B
| $243M | 0.79% |
4,187,244
+64,886
| +2% | +$3.34M |
|
25
Amazon
AMZN
$2.5T
| $241M | 0.78% |
1,336,854
-29,915
| -2% | -$4.99M |
|
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First Manhattan's Q1 2024 Portfolio in Review
As of Q1 2024, First Manhattan held 1,523 positions worth $30.9B, up 7.1% from $28.8B the previous quarter. Its ten largest holdings account for 60% of the portfolio.
First Manhattan withdrew a net $960M in Q1 2024, closing 113 positions and reducing 484 holdings. Its most notable exit was Arrowhead Research, an estimated $22.8M position sold in full.
By sector, the portfolio is most concentrated in Financials at 46% of assets, down from 46% a quarter earlier, followed by Technology and Consumer Discretionary.
Against the trend, First Manhattan opened a new position in Travelers Companies worth $10.2M.
- First Manhattan's largest Q1 2024 buy was Travelers Companies: 44,199 shares worth $10.2M.
- First Manhattan added most to Applied Materials in Q1 2024, an estimated $232M increase.
- First Manhattan's biggest Q1 2024 reduction was Berkshire Hathaway Class A, cutting an estimated $1.08B.
- First Manhattan fully exited Arrowhead Research in Q1 2024, selling an estimated $22.8M.
- First Manhattan's ten largest holdings make up 60% of its $30.9B portfolio in Q1 2024.
- First Manhattan opened 87 new positions and closed 113 in Q1 2024.
- First Manhattan's portfolio value rose 7.1% quarter-over-quarter to $30.9B.
Based on First Manhattan's 13F filing for Q1 2024, filed 15 May 2024.