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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
+6.37%
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
$35.4B
AUM Growth
+$1.14B
(+3.3%)
Cap. Flow
+$304M
Cap. Flow % of AUM
Cap. Flow %
0.86%
Top 10 Holdings %
Top 10 Hldgs %
57.13%
Holding
724
New
46
Increased
188
Reduced
304
Closed
26
Avg Time Held
7.4
years
Top 10 Avg Time Held
7.1
years
Top 20 Avg Time Held
5.7
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Ansys
ANSS
|
+$208M |
| 2 |
Amrize Ltd
AMRZ
|
+$119M |
| 3 |
Amazon
AMZN
|
+$101M |
| 4 |
UnitedHealth
UNH
|
+$93.7M |
| 5 |
Salesforce
CRM
|
+$90M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$157M |
| 2 |
Alphabet (Google) Class C
GOOG
|
+$136M |
| 3 |
Take-Two Interactive
TTWO
|
+$88.7M |
| 4 |
Fortive
FTV
|
+$79.7M |
| 5 |
Oracle
ORCL
|
+$70.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 44.67% |
| 2 | Technology | 22.14% |
| 3 | Consumer Discretionary | 7.54% |
| 4 | Communication Services | 5.73% |
| 5 | Healthcare | 5.3% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
Berkshire Hathaway Class A
BRK.A
$1.26T
| $10.4B | 29.5% |
14,337
+84
| +0.6% | +$64M |
2013 Q2
48 quarters
|
|
2
Microsoft
MSFT
$3.89T
| $2.2B | 6.22% |
4,432,090
-45,371
| -1% | -$19.7M |
2013 Q2
48 quarters
|
|
3
KKR & Co
KKR
$87.5B
| $1.16B | 3.28% |
8,720,211
+377,823
| +5% | +$44.2M |
2019 Q1
25 quarters
|
|
|
4
Apple
AAPL
$5.18T
| $1.13B | 3.19% |
5,512,294
-779,243
| -12% | -$157M |
2013 Q2
48 quarters
|
|
5
Brookfield
BN
$91.5B
| $1.02B | 2.87% |
24,684,941
-413,628
| -2% | -$15.3M |
2013 Q2
48 quarters
|
|
|
6
Oracle
ORCL
$391B
| $978M | 2.76% |
4,471,665
-436,563
| -9% | -$70.5M |
2013 Q2
48 quarters
|
|
7
AutoZone
AZO
$52.5B
| $952M | 2.69% |
256,360
-51
| -0% | -$188K |
2013 Q2
48 quarters
|
|
8
Berkshire Hathaway Class B
BRK.B
$1.26T
| $915M | 2.58% |
1,883,307
-49,655
| -3% | -$25.2M |
2013 Q2
48 quarters
|
|
|
9
Alphabet (Google) Class C
GOOG
$3.6T
| $805M | 2.27% |
4,539,075
-823,446
| -15% | -$136M |
2013 Q2
48 quarters
|
|
10
Broadcom
AVGO
$1.66T
| $624M | 1.76% |
2,262,891
-27,637
| -1% | -$6M |
2019 Q1
25 quarters
|
|
11
ASML
ASML
$576B
| $569M | 1.61% |
710,045
+1,983
| +0.3% | +$1.42M |
2020 Q4
18 quarters
|
|
12
Applied Materials
AMAT
$294B
| $514M | 1.45% |
2,808,455
-280,169
| -9% | -$44.4M |
2013 Q2
48 quarters
|
|
|
13
Salesforce
CRM
$179B
| $513M | 1.45% |
1,877,476
+336,462
| +22% | +$90M |
2016 Q1
37 quarters
|
|
|
14
Take-Two Interactive
TTWO
$42.7B
| $487M | 1.37% |
2,004,053
-393,626
| -16% | -$88.7M |
2023 Q3
7 quarters
|
|
15
Visa
V
$794B
| $461M | 1.3% |
1,297,120
-2,153
| -0.2% | -$750K |
2013 Q2
48 quarters
|
|
16
Danaher
DHR
$164B
| $440M | 1.24% |
2,222,369
+288,909
| +15% | +$56M |
2013 Q2
48 quarters
|
|
|
17
UnitedHealth
UNH
$365B
| $434M | 1.22% |
1,390,594
+245,113
| +21% | +$93.7M |
2013 Q2
48 quarters
|
|
|
18
Amazon
AMZN
$2.88T
| $406M | 1.15% |
1,849,419
+509,411
| +38% | +$101M |
2013 Q2
48 quarters
|
|
19
Thermo Fisher Scientific
TMO
$259B
| $388M | 1.1% |
956,704
+8,141
| +0.9% | +$3.4M |
2013 Q2
48 quarters
|
|
20
Texas Pacific Land
TPL
$20.1B
| $357M | 1.01% |
1,013,043
-723
| -0.1% | -$296K |
2013 Q2
48 quarters
|
|
21
Honeywell
HON
$70.6B
| $347M | 0.98% |
1,580,478
-24,166
| -2% | -$4.89M |
2013 Q2
48 quarters
|
|
22
Philip Morris
PM
$310B
| $338M | 0.95% |
1,844,373
-23,351
| -1% | -$4.01M |
2013 Q2
48 quarters
|
|
23
Lowe's Companies
LOW
$128B
| $331M | 0.93% |
1,491,331
+83,438
| +6% | +$18.6M |
2013 Q2
48 quarters
|
|
24
Linde
LIN
$242B
| $317M | 0.9% |
675,871
+23,996
| +4% | +$11M |
2018 Q4
26 quarters
|
|
25
NVIDIA
NVDA
$3.93T
| $311M | 0.88% |
1,966,356
+131,897
| +7% | +$16.6M |
2015 Q2
40 quarters
|
|
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VARA
First Manhattan's Q2 2025 Portfolio in Review
As of Q2 2025, First Manhattan held 724 positions worth $35.4B, up 3.3% from $34.3B the previous quarter. Its ten largest holdings account for 57% of the portfolio.
First Manhattan's Q2 2025 filing shows 46 new, 188 increased, 304 reduced and 26 closed positions. Its largest new stake was Amrize Ltd: 2,364,164 shares worth $117M. The largest sale was Apple, an estimated $157M.
By sector, the portfolio is most concentrated in Financials at 45% of assets, down from 48% a quarter earlier, followed by Technology and Consumer Discretionary.
- First Manhattan's largest Q2 2025 buy was Amrize Ltd: 2,364,164 shares worth $117M.
- First Manhattan added most to Ansys in Q2 2025, an estimated $208M increase.
- First Manhattan's biggest Q2 2025 reduction was Apple, cutting an estimated $157M.
- First Manhattan fully exited Spirit AeroSystems in Q2 2025, selling an estimated $6.85M.
- First Manhattan's ten largest holdings make up 57% of its $35.4B portfolio in Q2 2025.
- First Manhattan opened 46 new positions and closed 26 in Q2 2025.
- First Manhattan's portfolio value rose 3.3% quarter-over-quarter to $35.4B.
Based on First Manhattan's 13F filing for Q2 2025, filed 14 Aug 2025.