FIRST MANHATTAN CO. LLC.FIRST MANHATTAN CO. LLC.

Institutional investor · Portfolio as of Q4 2025

SEC EDGAR SourceSEC Filings
$38.1B
AUM
729
Positions
Q4 2025
Filing
Rating · 5.0
Quarterly Portfolio Change
+8%Q3'24$33.7B+1%Q4'24$34.1B+1%Q1'25$34.3B+3%Q2'25$35.4B+7%Q3'25$37.9B+1%Q4'25$38.1B
Activity profile
$ moved · Q4'25
New5%Increased33%Decreased59%Exited3%
Composition
Equity vs derivatives
Equity100%Puts0%Calls0%
Holding period
Avg 5.6 years
<1Q3%1-4Q5%1-2Y5%2Y+87%

FIRST MANHATTAN CO. LLC. manages $38.1B across 729 positions as of Q4 2025. Top holdings: BRK/A (27.9%), MSFT (5.5%), AAPL (3.7%). Fund DNA: Balanced Allocator. HoldingsIntel Rating: 5/5.0.

Q4 2025 Summary

Active quarter - 55 new positions, 38 exits, 223 increased. Top move: BN (INCREASED, conviction 75). Portfolio: $38.1B across 729 positions.

Top holdings by portfolio weight

Total AUM$38B
BRK/A27.90%
MSFT5.53%
AAPL3.69%
GOOG3.45%
KKR2.88%
BN2.87%
BRK/B2.45%
AZO2.33%
ASML2.23%
ORCL2.04%
Other2.01%

Portfolio allocation by GICS sector

Sectors11
Financial Services42.89%
Technology22.50%
Consumer Cyclical7.56%
Communication Services6.82%
Healthcare6.14%
Industrials4.56%
Unknown2.45%
Energy2.27%
Consumer Defensive1.94%
Basic Materials1.91%
Other0.95%

Behavioral investing profile

7-dimension quality assessment
Elite(5.0 / 5.0)
Track Record70
Conviction37
Concentration0
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Position Outcomes

Best and worst performing positions by estimated return

Cost basis estimates based on full filing history using quarter-end prices. Actual transaction prices are not disclosed in 13F filings.

Holdings729 positions

Activity:
Stock
Shares
Value
Weight
Avg Buy
Est. P&L
Held
Conviction

BERKSHIRE HATHAWAY INC DEL

14,077$10.6B27.9%$372,648.01+102.71%
29 qtrssince 2018-Q4
Decreased
0

MICROSOFT CORP

4.4M$2.1B5.5%$97.65+399.20%
29 qtrssince 2018-Q4
Decreased
0

APPLE INC

5.2M$1.4B3.7%$91.83+197.10%
29 qtrssince 2018-Q4
Decreased
0

ALPHABET INC

4.2M$1.3B3.5%$96.13+227.22%
29 qtrssince 2018-Q4
Decreased
0

KKR & CO INC

8.6M$1.1B2.9%

BROOKFIELD CORP

23.8M$1.1B2.9%$28.83+60.54%
13 qtrssince 2022-Q4
Increased
75

BERKSHIRE HATHAWAY INC DEL

1.9M$932.2M2.4%$209.69+140.22%
29 qtrssince 2018-Q4
Decreased
0

AUTOZONE INC

261,314$886.2M2.3%$1,124.59+202.23%
29 qtrssince 2018-Q4
Increased
56

ASML Holding N.V.

792,284$847.6M2.2%$674.81+58.67%
21 qtrssince 2020-Q4
Decreased
0

ORACLE CORP

4M$776.2M2.0%$53.77+265.82%
29 qtrssince 2018-Q4
Decreased
0

BROADCOM INC

2.2M$765.3M2.0%$163.27+114.28%
28 qtrssince 2019-Q1
Decreased
0

SALESFORCE INC

2.7M$707.7M1.9%$263.94+0.75%
29 qtrssince 2018-Q4
Increased
59

DANAHER CORP DEL

2.3M$529.4M1.4%$111.74+106.44%
29 qtrssince 2018-Q4
Decreased
0

ALPHABET INC

1.6M$501.6M1.3%$101.60+208.92%
29 qtrssince 2018-Q4
Decreased
0

AMAZON COM INC

2.1M$492.4M1.3%$155.11+49.91%
29 qtrssince 2018-Q4
Increased
51

APPLIED MATLS INC

1.9M$484.5M1.3%$198.87+30.72%
29 qtrssince 2018-Q4
Decreased
0

VISA INC

1.3M$455.7M1.2%$196.21+79.86%
29 qtrssince 2018-Q4
Increased
50

UNITEDHEALTH GROUP INC

1.4M$446.8M1.2%$304.50+9.08%
29 qtrssince 2018-Q4
Increased
50

THERMO FISHER SCIENTIFIC INC

768,910$445.8M1.2%$377.28+54.65%
29 qtrssince 2018-Q4
Decreased
0

TAKE-TWO INTERACTIVE SOFTWAR

1.7M$431.4M1.1%$155.51+65.84%
10 qtrssince 2023-Q3
Decreased
0
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Data sourced from SEC EDGAR 13F filings. Not financial advice. Full disclaimer

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