Equal-WT
WhaleScore 2.0
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First Manhattan Company . is based out of New York. First Manhattan Company . is a hedge fund with 5661 clients and discretionary assets under management (AUM) of $30,647,057,189 (Form ADV from 2024-06-14). Their last reported 13F filing for Q3 2024 included $33,728,772,685 in managed 13F securities
and a top 10 holdings concentration of 59.6%. First Manhattan Company .'s largest holding is Berkshire Hathaway Inc Class A with shares held of 14,689. Whalewisdom has at least 105 13F filings, 17 13D filings, and 439 13G filings
Business Description
FMC is an investment advisory firm registered with the Securities and Exchange Commission (SEC). They provide investment advisory services to clients, including portfolio management and account reviews. FMC's affiliate, FMS, is a broker-dealer also registered with the SEC, and they handle securities brokerage for FMC's investment advisory clients. This arrangement is believed to be in the best interest of FMC's clients.
FMC's investment advisory accounts are reviewed regularly by the Portfolio Manager responsible for the accounts to ensure that investment objectives are being met. These reviews include statistical performance comparisons with the Standard and Poor’s Composite Index of 500 stocks and the Dow Jones Industrial Average. Securities transactions for investment advisory accounts are also regularly reviewed by supervisory or compliance systems and personnel.
Investment Strategy
The primary investment strategy is long-term capital appreciation, achieved through a risk-averse, value-oriented approach. This involves identifying companies with strong fundamentals, including good businesses, proven profitability, strong balance sheets, a consistent record, conservative accounting, and management dedicated to increasing shareholder value.
In addition to long-term investments, the firm also employs short-term purchases (securities sold within a year) and trading (securities sold within 30 days). Certain private pooled investment vehicles may utilize additional strategies like short selling, hedging foreign currency risks, and selling equity options.
Owners
- TAMBARO, ARTHUR, MICHAEL - CO-DIRECTOR OF OPERATIONS
- WYDRA, ZACHARY, A - CHIEF EXECUTIVE OFFICER
- SAMMARCO, JOSEPH, ANTHONY - CO-DIRECTOR OF OPERATIONS; HEAD OF BUSINESS SUPERVISION
- ASPEN, ANDREW, JOSEPH - CHIEF LEGAL OFFICER
- PINTO, ALVARO, SPINOLA - FINOP/PRINICIPAL OPERATIONS OFFICER
- COVINO, JEREMY, PAUL - CHIEF COMPLIANCE OFFICER
- FMC GROUP HOLDINGS LP - LIMITED PARTNERSHIP Click on the Ownership/Private Fund Data tab for more details.
Known Email Addresses
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Other Contact Information
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2024-09-30
Top Buys (13F)
| Name | % Change |
|---|---|
| CRM Salesforce Inc | 0.7% |
| NVDA NVIDIA Corp | 0.27% |
| AMAT Applied Materials In | 0.24% |
| LVMHF LVMH Moet Hennessy L | 0.16% |
| LOW Lowes Companies, Inc | 0.13% |
2024-09-30
Top Sells (13F)
| Name | % Change |
|---|---|
| MSFT Microsoft Corporatio | 0.76% |
| GOOG Alphabet Inc. Class | 0.54% |
| NSRGY Nestle SA ADR | 0.43% |
| SE Sea Ltd | 0.31% |
| PDD PDD Holdings Inc | 0.26% |
2024-09-30
13F Holdings Summary
| Name | $ Change |
|---|---|
| BRK.A Berkshire Hathaway I | 30.1% |
| MSFT Microsoft Corporatio | 5.71% |
| AAPL Apple Inc | 4.61% |
| KKR KKR & Co. Inc | 3.37% |
| BN Brookfield Corporati | 2.7% |
2024-09-30
13F Activity
| Market Value | $33.7b, Prior: $31.2b |
| Inflows (Outflows) as % of Total MV | (-1.4608)% |
| New Purchases | 37 stocks |
| Added To | 163 stocks |
| Sold out of | 24 stocks |
| Reduced holdings in | 306 stocks |
| Top 10 Holdings % | 59.6% |
| Turnover %[1] | 8.64% |
| Turnover Alt %[2] | 3.62% |
| Time Held Top 20 | 27.4 quarters |
| Time Held Top 10 | 34 quarters |
| Time Held All | 44.46 quarters |
[1]: Turnover is calculated by taking the # of new holdings (initial purchases) + the # of positions sold out of (not just reduced) divided by the total # of holdings for the quarter.
[2]: Alt Turnover is calculated by taking either the total MV of new purchases or the MV of securities sold, whichever is less, divided by the total MV of the fund.
2024-09-30
13F Sector Allocation Over Time
limited to past 4 quarters. Subscribe to see all available data
2024-09-30
Analysis
Top 20 equal-weighted holdings. Performance numbers calculated through 2024-09-30