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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
+1.47%
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
$31.2B
AUM Growth
+$324M
(+1%)
Cap. Flow
+$118M
Cap. Flow % of AUM
Cap. Flow %
0.38%
Top 10 Holdings %
Top 10 Hldgs %
59.27%
Holding
1,420
New
12
Increased
203
Reduced
293
Closed
749
Avg Time Held
7.7
years
Top 10 Avg Time Held
6.5
years
Top 20 Avg Time Held
5.6
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Salesforce
CRM
|
+$177M |
| 2 |
Applied Materials
AMAT
|
+$101M |
| 3 |
Take-Two Interactive
TTWO
|
+$83.3M |
| 4 |
Aspen Technology Inc
AZPN
|
+$62M |
| 5 |
LandBridge Corporation
LB
|
+$44.5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Berkshire Hathaway Class A
BRK.A
|
+$193M |
| 2 |
Texas Pacific Land
TPL
|
+$56.4M |
| 3 |
UnitedHealth
UNH
|
+$42.1M |
| 4 |
Apple
AAPL
|
+$30M |
| 5 |
Intercontinental Exchange
ICE
|
+$25M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 43.29% |
| 2 | Technology | 20.34% |
| 3 | Consumer Discretionary | 8.13% |
| 4 | Healthcare | 7.84% |
| 5 | Communication Services | 6.69% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
Berkshire Hathaway Class A
BRK.A
$1.26T
| $9.18B | 29.45% |
14,999
-313
| -2% | -$193M |
2013 Q2
44 quarters
|
|
2
Microsoft
MSFT
$3.89T
| $2.02B | 6.47% |
4,517,456
-55,653
| -1% | -$23.5M |
2013 Q2
44 quarters
|
|
|
3
Apple
AAPL
$5.18T
| $1.42B | 4.55% |
6,742,254
-160,988
| -2% | -$30M |
2013 Q2
44 quarters
|
|
4
Alphabet (Google) Class C
GOOG
$3.6T
| $1.01B | 3.23% |
5,486,065
-104,889
| -2% | -$17.8M |
2013 Q2
44 quarters
|
|
5
KKR & Co
KKR
$87.5B
| $959M | 3.08% |
9,114,337
-10,280
| -0.1% | -$1.05M |
2019 Q1
21 quarters
|
|
|
6
UnitedHealth
UNH
$365B
| $828M | 2.66% |
1,625,891
-85,922
| -5% | -$42.1M |
2013 Q2
44 quarters
|
|
7
Berkshire Hathaway Class B
BRK.B
$1.26T
| $807M | 2.59% |
1,983,149
+4,255
| +0.2% | +$1.74M |
2013 Q2
44 quarters
|
|
8
AutoZone
AZO
$52.5B
| $767M | 2.46% |
258,841
+2,611
| +1% | +$7.64M |
2013 Q2
44 quarters
|
|
9
Oracle
ORCL
$391B
| $765M | 2.45% |
5,421,368
+13,276
| +0.2% | +$1.65M |
2013 Q2
44 quarters
|
|
10
Brookfield
BN
$91.5B
| $731M | 2.34% |
26,353,785
-396,842
| -1% | -$11.1M |
2013 Q2
44 quarters
|
|
11
Danaher
DHR
$164B
| $503M | 1.61% |
2,009,989
-96,784
| -5% | -$24.5M |
2013 Q2
44 quarters
|
|
12
Thermo Fisher Scientific
TMO
$259B
| $501M | 1.61% |
905,632
-7,885
| -0.9% | -$4.52M |
2013 Q2
44 quarters
|
|
|
13
Applied Materials
AMAT
$294B
| $414M | 1.33% |
1,755,554
+471,984
| +37% | +$101M |
2013 Q2
44 quarters
|
|
14
Broadcom
AVGO
$1.66T
| $374M | 1.2% |
2,328,830
+20,300
| +0.9% | +$2.84M |
2019 Q1
21 quarters
|
|
15
Alphabet (Google) Class A
GOOGL
$3.64T
| $341M | 1.09% |
1,871,784
-11,200
| -0.6% | -$1.89M |
2015 Q4
34 quarters
|
|
|
16
Take-Two Interactive
TTWO
$42.7B
| $319M | 1.02% |
2,048,577
+549,053
| +37% | +$83.3M |
2023 Q3
3 quarters
|
|
17
Honeywell
HON
$70.6B
| $317M | 1.02% |
1,574,153
-6,548
| -0.4% | -$1.25M |
2013 Q2
44 quarters
|
|
18
Lowe's Companies
LOW
$128B
| $310M | 0.99% |
1,386,801
+34,227
| +3% | +$7.81M |
2013 Q2
44 quarters
|
|
19
Visa
V
$794B
| $290M | 0.93% |
1,103,748
+2,754
| +0.3% | +$755K |
2013 Q2
44 quarters
|
|
20
S&P Global
SPGI
$137B
| $289M | 0.93% |
647,499
-2,840
| -0.4% | -$1.22M |
2016 Q2
32 quarters
|
|
21
Linde
LIN
$242B
| $272M | 0.87% |
620,812
-5,653
| -0.9% | -$2.49M |
2018 Q4
22 quarters
|
|
22
ASML
ASML
$576B
| $272M | 0.87% |
266,065
+1,107
| +0.4% | +$1.06M |
2020 Q4
14 quarters
|
|
23
Amazon
AMZN
$2.88T
| $253M | 0.81% |
1,309,836
-27,018
| -2% | -$4.96M |
2013 Q2
44 quarters
|
|
|
24
Texas Pacific Land
TPL
$20.1B
| $248M | 0.8% |
1,014,582
-269,073
| -21% | -$56.4M |
2013 Q2
44 quarters
|
|
25
Vanguard S&P 500 ETF
VOO
$1.04T
| $246M | 0.79% |
489,262
+31,978
| +7% | +$15.4M |
2015 Q2
36 quarters
|
|
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VARA
First Manhattan's Q2 2024 Portfolio in Review
As of Q2 2024, First Manhattan held 1,420 positions worth $31.2B, up 1% from $30.9B the previous quarter. Its ten largest holdings account for 59% of the portfolio.
First Manhattan's Q2 2024 filing shows 12 new, 203 increased, 293 reduced and 749 closed positions. Its largest new stake was LandBridge Corporation: 1,920,435 shares worth $44.5M. The largest sale was Berkshire Hathaway Class A, an estimated $193M.
By sector, the portfolio is most concentrated in Financials at 43% of assets, down from 46% a quarter earlier, followed by Technology and Consumer Discretionary.
- First Manhattan's largest Q2 2024 buy was LandBridge Corporation: 1,920,435 shares worth $44.5M.
- First Manhattan added most to Salesforce in Q2 2024, an estimated $177M increase.
- First Manhattan's biggest Q2 2024 reduction was Berkshire Hathaway Class A, cutting an estimated $193M.
- First Manhattan fully exited Bilibili in Q2 2024, selling an estimated $14.8M.
- First Manhattan's ten largest holdings make up 59% of its $31.2B portfolio in Q2 2024.
- First Manhattan opened 12 new positions and closed 749 in Q2 2024.
- First Manhattan's portfolio value rose 1% quarter-over-quarter to $31.2B.
Based on First Manhattan's 13F filing for Q2 2024, filed 14 Aug 2024.