First Manhattan 13F holdings, Q2 2023
First Manhattan disclosed 1423 US equity positions worth $27.3bn in its Q2 2023 13F filing. Its largest position is BRK/A at 32.1% of the reported book, followed by MSFT and AAPL. Versus Q1 2023 it opened 78 new positions, added to 154, reduced 461 and exited 171.
- $27.3bn
- Reported equity book Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
- 1,423
- Positions Distinct securities in the equity book with a reported value above zero. Options are excluded.
- 32.1%
- Largest position The largest single position as a share of the reported equity book.
- 60.6%
- Top 10 weight The ten largest positions together, as a share of the reported equity book.
- 9
- Effective positions 1 / HHI of portfolio weights: the number of equal-weight positions the book behaves like.
- 111
- Quarters on file since Q1 1999 Quarters for which this manager's 13F holdings are on record.
Holdings
Against Q1 2023: 78 new, 154 added, 461 reduced, 171 exited
| BRK/A BERKSHIRE HATHAWAY INC DEL | 32.1% | −8.3% | reduced |
| MSFT MICROSOFT CORP | 6.1% | −0.6% | reduced |
| AAPL APPLE INC | 5.7% | −1.4% | reduced |
| UNH UNITEDHEALTH GROUP INC | 3.0% | +7.3% | added |
| BRK/B BERKSHIRE HATHAWAY INC DEL | 2.6% | −1.2% | reduced |
| GOOG ALPHABET INC | 2.5% | −0.1% | held |
| AZO AUTOZONE INC | 2.3% | +1.0% | added |
| BN BROOKFIELD CORP | 2.2% | +0.1% | held |
| ORCL ORACLE CORP | 2.1% | −1.0% | reduced |
| DHR DANAHER CORP DEL | 1.9% | +5.0% | added |
| TMO THERMO FISHER SCIENTIFIC INC | 1.8% | +33% | added |
| KKR KKR & CO INC | 1.8% | +3.8% | added |
| NESTLE S A no ticker | 1.6% | −0.4% | held |
| HONGBP HONEYWELL INTL INC | 1.1% | +2.2% | added |
| LOW LOWES COS INC | 1.0% | +2.1% | added |
| V VISA INC | 1.0% | +7.0% | added |
| SPGI S&P GLOBAL INC | 1.0% | −0.2% | held |
| LIN LINDE PLC | 0.9% | −0.1% | held |
| ACCENTURE PLC IRELAND no ticker | 0.9% | +1.4% | added |
| ORLY OREILLY AUTOMOTIVE INC | 0.8% | −0.9% | reduced |
| GOOGL ALPHABET INC | 0.8% | −0.2% | held |
| JNJ JOHNSON & JOHNSON | 0.7% | −11% | reduced |
| CMCSA COMCAST CORP NEW | 0.7% | −1.6% | reduced |
| AMZN AMAZON COM INC | 0.7% | −29% | reduced |
| TPL TEXAS PACIFIC LAND CORPORATI | 0.7% | −0.7% | reduced |
| ICE INTERCONTINENTAL EXCHANGE IN | 0.7% | −2.2% | reduced |
| PM PHILIP MORRIS INTL INC | 0.7% | +0.9% | added |
| ENTG ENTEGRIS INC | 0.7% | −6.1% | reduced |
| ATVIEUR ACTIVISION BLIZZARD INC | 0.7% | +63% | added |
| MCD MCDONALDS CORP | 0.6% | −4.4% | reduced |
| NKE NIKE INC | 0.6% | −0.2% | held |
| KEYS KEYSIGHT TECHNOLOGIES INC | 0.6% | +0.7% | added |
| MDLZ MONDELEZ INTL INC | 0.6% | −0.7% | reduced |
| NEE NEXTERA ENERGY INC | 0.6% | −5.3% | reduced |
| CPRT COPART INC | 0.6% | −1.0% | reduced |
| ASML ASML HLDG NV | 0.6% | −0.9% | reduced |
| AMT AMERICAN TOWER CORP | 0.5% | −13% | reduced |
| MAR MARRIOTT INTL INC NEW | 0.5% | −1.7% | reduced |
| ABBV ABBVIE INC | 0.4% | −29% | reduced |
| AXP AMERICAN EXPRESS CO | 0.4% | −1.3% | reduced |
| RTX RTX CORPORATION | 0.4% | −7.6% | reduced |
| KO COCA COLA CO | 0.3% | −2.1% | reduced |
| PPLI PEOPLE INC | 0.3% | −31% | reduced |
| FTV FORTIVE CORP | 0.3% | +1.0% | added |
| CSW CSW INDUSTRIALS INC | 0.3% | −0.9% | reduced |
| BROOKFIELD INFRAST PARTNERS no ticker | 0.3% | −2.8% | reduced |
| ALLY ALLY FINL INC | 0.3% | +2.1% | added |
| NORTHERN LTS FD TR IV no ticker | 0.3% | +0.3% | held |
| VOO VANGUARD INDEX FDS | 0.2% | +6.1% | added |
| USB US BANCORP | 0.2% | −6.6% | reduced |
Exited since Q1 2023
| ENTA ENANTA PHARMACEUTICALS INC | 0.04% | $10.7m |
| AGFSEUR AGROFRESH SOLUTIONS INC | 0.01% | $3.6m |
| ESI ELEMENT SOLUTIONS INC | 0.01% | $2.9m |
| BIL SPDR SER TR | 0.01% | $2.2m |
| PDSB PDS BIOTECHNOLOGY CORP | 0.01% | $1.7m |
| AFG AMERICAN FINANCIAL GROUP INC | 0.0% | $1.3m |
| CANADIAN PAC RY LTD no ticker | 0.0% | $1.1m |
| ABBNY ABB LTD | 0.0% | $693k |
| VRSK VERISK ANALYTICS INC | 0.0% | $691k |
| THOMSON REUTERS CORP. no ticker | 0.0% | $501k |
| KEX KIRBY CORP | 0.0% | $498k |
| MCHI ISHARES TR | 0.0% | $320k |
| ASHR DBX ETF TR | 0.0% | $312k |
| SPB SPECTRUM BRANDS HLDGS INC NE | 0.0% | $301k |
| RBAGBP RITCHIE BROS AUCTIONEERS | 0.0% | $298k |
| MBI MBIA INC | 0.0% | $296k |
| LBAIUSD LAKELAND BANCORP INC | 0.0% | $278k |
| CBAYUSD CYMABAY THERAPEUTICS INC | 0.0% | $218k |
| CAH CARDINAL HEALTH INC | 0.0% | $211k |
| WWW WOLVERINE WORLD WIDE INC | 0.0% | $205k |
| BANC BANC OF CALIFORNIA INC | 0.0% | $188k |
| HRB BLOCK H & R INC | 0.0% | $176k |
| SBS COMPANHIA DE SANEAMENTO BASI | 0.0% | $171k |
| WTS WATTS WATER TECHNOLOGIES INC | 0.0% | $168k |
| AN AUTONATION INC | 0.0% | $168k |
| FL8 FLUSHING FINL CORP | 0.0% | $149k |
| GPC GENUINE PARTS CO | 0.0% | $134k |
| GATX GATX CORP | 0.0% | $132k |
| WESTERN ASSET INVT GRADE DEF no ticker | 0.0% | $127k |
| TFX TELEFLEX INCORPORATED | 0.0% | $127k |
| FLO FLOWERS FOODS INC | 0.0% | $111k |
| PIPR PIPER SANDLER COMPANIES | 0.0% | $111k |
| SSNC SS&C TECHNOLOGIES HLDGS INC | 0.0% | $103k |
| PRINCIPAL EXCHANGE TRADED FD no ticker | 0.0% | $102k |
| BCE BCE INC | 0.0% | $89.6k |
| SUSA ISHARES TR | 0.0% | $87.8k |
| SSTI SOUNDTHINKING INC | 0.0% | $78.6k |
| SLY SPDR SER TR | 0.0% | $78.1k |
| RHP RYMAN HOSPITALITY PPTYS INC | 0.0% | $71.1k |
| KDP KEURIG DR PEPPER INC | 0.0% | $70.3k |
| NFG NATIONAL FUEL GAS CO | 0.0% | $69.3k |
| IWP ISHARES TR | 0.0% | $65.8k |
| BLACKROCK MUNIYIELD FD INC no ticker | 0.0% | $63.7k |
| AVY AVERY DENNISON CORP | 0.0% | $53.7k |
| MGK VANGUARD WORLD FD | 0.0% | $53.6k |
| SOURCE CAP INC no ticker | 0.0% | $48.9k |
| BUNGE LIMITED no ticker | 0.0% | $47.8k |
| VDE VANGUARD WORLD FD | 0.0% | $45.7k |
| CXT CRANE NXT CO | 0.0% | $45.4k |
| ALPS ETF TR no ticker | 0.0% | $42.8k |
| TRP TC ENERGY CORP | 0.0% | $40.4k |
| ESS ESSEX PPTY TR INC | 0.0% | $38.7k |
| CNH INDL N V no ticker | 0.0% | $38.2k |
| GEF GREIF INC | 0.0% | $38.0k |
| AB ALLIANCEBERNSTEIN HOLDING LP | 0.0% | $36.6k |
| DOCU DOCUSIGN INC | 0.0% | $36.4k |
| NOBL PROSHARES TR | 0.0% | $35.8k |
| VVV VALVOLINE INC | 0.0% | $34.9k |
| FLS FLOWSERVE CORP | 0.0% | $30.6k |
| GT GOODYEAR TIRE & RUBR CO | 0.0% | $29.7k |
| EPC EDGEWELL PERSONAL CARE CO | 0.0% | $29.7k |
| TEKLA HEALTHCARE INVS no ticker | 0.0% | $26.2k |
| PARAA PARAMOUNT GLOBAL | 0.0% | $25.8k |
| FRBA FIRST BK WILLIAMSTOWN NEW JE | 0.0% | $25.7k |
| GROVE COLLABORATIVE HOLD INC no ticker | 0.0% | $25.5k |
| ENR ENERGIZER HLDGS INC NEW | 0.0% | $24.3k |
| 2362120D SINCLAIR BROADCAST GROUP INC | 0.0% | $24.0k |
| MOD MODINE MFG CO | 0.0% | $23.1k |
| KAMNUSD KAMAN CORP | 0.0% | $22.9k |
| MYE MYERS INDS INC | 0.0% | $21.4k |
| SPDR INDEX SHS FDS no ticker | 0.0% | $21.1k |
| ADC AGREE RLTY CORP | 0.0% | $20.6k |
| HY HYSTER-YALE INC | 0.0% | $20.0k |
| IBN ICICI BANK LIMITED | 0.0% | $19.9k |
| CHT CHUNGHWA TELECOM CO LTD | 0.0% | $19.8k |
| HANOVER BANCORP INC no ticker | 0.0% | $18.0k |
| RDY DR REDDYS LABS LTD | 0.0% | $17.5k |
| OSH3USD OAK STR HEALTH INC | 0.0% | $16.9k |
| HOG HARLEY DAVIDSON INC | 0.0% | $16.7k |
| FRGIUSD FIESTA RESTAURANT GROUP INC | 0.0% | $16.4k |
| PDCOEUR PATTERSON COS INC | 0.0% | $16.1k |
| INFY INFOSYS LTD | 0.0% | $15.7k |
| G GENPACT LIMITED | 0.0% | $15.6k |
| WF WOORI FINL GROUP INC | 0.0% | $15.5k |
| HST HOST HOTELS & RESORTS INC | 0.0% | $15.4k |
| DNP SELECT INCOME FD INC no ticker | 0.0% | $14.8k |
| CYBERARK SOFTWARE LTD no ticker | 0.0% | $14.8k |
| ING ING GROEP N.V. | 0.0% | $14.8k |
| PIMCO DYNAMIC INCOME FD no ticker | 0.0% | $14.7k |
| MPX MARINE PRODS CORP | 0.0% | $14.6k |
| SHG SHINHAN FINANCIAL GROUP CO L | 0.0% | $14.3k |
| SPT SPROUT SOCIAL INC | 0.0% | $13.8k |
| LSTR LANDSTAR SYS INC | 0.0% | $13.4k |
| KBWD INVESCO EXCH TRADED FD TR II | 0.0% | $12.9k |
| BOTZ GLOBAL X FDS | 0.0% | $12.2k |
| LIBERTY MEDIA CORP DEL no ticker | 0.0% | $11.5k |
| FNWB FIRST NORTHWEST BANCORP | 0.0% | $11.5k |
| DRQEUR DRIL-QUIP INC | 0.0% | $11.5k |
| DOUBLELINE INCOME SOLUTIONS no ticker | 0.0% | $11.4k |
| TS TENARIS S A | 0.0% | $10.4k |
| BCS BARCLAYS PLC | 0.0% | $10.4k |
| MPLX MPLX LP | 0.0% | $10.3k |
| WSC WILLSCOT HLDGS CORP | 0.0% | $10.1k |
| PARR PAR PACIFIC HOLDINGS INC | 0.0% | $9.9k |
| CLFD CLEARFIELD INC | 0.0% | $9.9k |
| CINF CINCINNATI FINL CORP | 0.0% | $9.3k |
| IX ORIX CORP | 0.0% | $9.3k |
| ALPS ETF TR no ticker | 0.0% | $8.4k |
| BHC BAUSCH HEALTH COS INC | 0.0% | $8.1k |
| IIPR INNOVATIVE INDL PPTYS INC | 0.0% | $7.6k |
| EME EMCOR GROUP INC | 0.0% | $6.5k |
| CENTRAIS ELETRICAS BRASILEIR no ticker | 0.0% | $6.2k |
| SPAQUSD FISKER INC | 0.0% | $6.1k |
| EXK EXACT SCIENCES CORP | 0.0% | $6.1k |
| NUVEEN NEW JERSEY QULT MUN F no ticker | 0.0% | $5.9k |
| ABT2EUR ABSOLUTE SOFTWARE CORP | 0.0% | $5.8k |
| CAMBRIA ETF TR no ticker | 0.0% | $5.6k |
| MAXRUSD MAXAR TECHNOLOGIES INC | 0.0% | $5.5k |
| TV GRUPO TELEVISA S A B | 0.0% | $5.3k |
| FSK FS KKR CAP CORP | 0.0% | $5.1k |
| COMPUTE HEALTH ACQUISITIN CO no ticker | 0.0% | $4.5k |
| ISHARES TR no ticker | 0.0% | $4.5k |
| EQT EQT CORPORATION | 0.0% | $4.1k |
| AXTI AXT INC | 0.0% | $4.0k |
| BXMT BLACKSTONE MTG TR INC | 0.0% | $3.6k |
| IMV INC no ticker | 0.0% | $3.5k |
| PBI PITNEY BOWES INC | 0.0% | $3.5k |
| LYV LIVE NATION ENTERTAINMENT IN | 0.0% | $3.5k |
| LOOP LOOP INDS INC | 0.0% | $3.4k |
| WMG WARNER MUSIC GROUP CORP | 0.0% | $3.3k |
| MOTIVE CAPITAL CORP II no ticker | 0.0% | $3.1k |
| TG TREDEGAR CORP | 0.0% | $2.7k |
| NORDIC AMERICAN TANKERS LIMI no ticker | 0.0% | $2.6k |
| NEUBASE THERAPEUTICS INC no ticker | 0.0% | $2.6k |
| WSM WILLIAMS SONOMA INC | 0.0% | $2.4k |
| SRTA STRATA CRITICAL MEDICAL INC | 0.0% | $2.4k |
| UAL UNITED AIRLINES HLDGS INC | 0.0% | $2.2k |
| SWAVUSD SHOCKWAVE MED INC | 0.0% | $2.2k |
| FORTRESS BIOTECH INC no ticker | 0.0% | $2.1k |
| SONO SONOS INC | 0.0% | $2.0k |
| FTDR FRONTDOOR INC | 0.0% | $2.0k |
| ECHO ECHOSTAR CORP | 0.0% | $1.8k |
| OSUR ORASURE TECHNOLOGIES INC | 0.0% | $1.8k |
| SCHI SCHWAB STRATEGIC TR | 0.0% | $1.8k |
| AMSC AMERICAN SUPERCONDUCTOR CORP | 0.0% | $1.7k |
| HDB HDFC BANK LTD | 0.0% | $1.5k |
| URBN URBAN OUTFITTERS INC | 0.0% | $1.4k |
| DBD DIEBOLD NIXDORF INC | 0.0% | $1.2k |
| AXON AXON ENTERPRISE INC | 0.0% | $1.1k |
| VAC MARRIOTT VACATIONS WORLDWIDE | 0.0% | $1.1k |
| UNIT UNITI GROUP INC | 0.0% | $1.1k |
| FRCB FIRST REP BK SAN FRANCISCO C | 0.0% | $1.0k |
| WRBY WARBY PARKER INC | 0.0% | $1.0k |
| BFH BREAD FINANCIAL HOLDINGS INC | 0.0% | $848 |
| CORE LABORATORIES N V no ticker | 0.0% | $837 |
| MBB ISHARES TR | 0.0% | $663 |
| MONEYLION INC no ticker | 0.0% | $567 |
| TWNKEUR HOSTESS BRANDS INC | 0.0% | $522 |
| INDY ISHARES TR | 0.0% | $493 |
| VITL VITAL FARMS INC | 0.0% | $413 |
| KWEB KRANESHARES TRUST | 0.0% | $249 |
| OLPX OLAPLEX HLDGS INC | 0.0% | $149 |
| WRKUSD WESTROCK CO | 0.0% | $91 |
| WEWORK INC no ticker | 0.0% | $62 |
| GPRO GOPRO INC | 0.0% | $55 |
| LTRPAUSD LIBERTY TRIPADVISOR HLDGS IN | 0.0% | $53 |
| AUDACY INC no ticker | 0.0% | $31 |
| ACORDA THERAPEUTICS INC no ticker | 0.0% | $29 |
| MOTIVE CAPITAL CORP II no ticker | 0.0% | $15 |
| 180 LIFE SCIENCES CORP no ticker | 0.0% | $5 |
| T2 BIOSYSTEMS INC no ticker | 0.0% | $3 |
Sector mix
Book over time
Every quarter on file (111)
| Quarter | Positions | Equity book |
|---|---|---|
| Q2 2026 | 741 | $39.2bn |
| Q1 2026 | 752 | $36.1bn |
| Q4 2025 | 728 | $38.1bn |
| Q3 2025 | 714 | $37.9bn |
| Q2 2025 | 698 | $35.4bn |
| Q1 2025 | 678 | $34.3bn |
| Q4 2024 | 680 | $34.1bn |
| Q3 2024 | 682 | $33.7bn |
| Q2 2024 | 669 | $31.2bn |
| Q1 2024 | 1,410 | $30.9bn |
| Q4 2023 | 1,436 | $28.8bn |
| Q3 2023 | 1,487 | $27.1bn |
| Q2 2023 | 1,423 | $27.3bn |
| Q1 2023 | 1,516 | $26.1bn |
| Q4 2022 | 1,678 | $27.3bn |
| Q3 2022 | 1,499 | $23.6bn |
| Q2 2022 | 1,533 | $24.8bn |
| Q1 2022 | 1,574 | $30.6bn |
| Q4 2021 | 1,558 | $30.3bn |
| Q3 2021 | 1,575 | $27.1bn |
| Q2 2021 | 1,546 | $27.4bn |
| Q1 2021 | 1,458 | $23.2bn |
| Q4 2020 | 1,320 | $20.9bn |
| Q3 2020 | 1,309 | $19.4bn |
| Q2 2020 | 1,367 | $17.3bn |
| Q1 2020 | 1,355 | $15.4bn |
| Q4 2019 | 1,286 | $19.9bn |
| Q3 2019 | 1,309 | $18.2bn |
| Q2 2019 | 1,353 | $18.0bn |
| Q1 2019 | 1,372 | $17.3bn |
| Q4 2018 | 1,352 | $16.1bn |
| Q3 2018 | 1,384 | $18.8bn |
| Q2 2018 | 1,341 | $17.3bn |
| Q1 2018 | 1,365 | $17.6bn |
| Q4 2017 | 1,435 | $18.3bn |
| Q3 2017 | 1,416 | $17.5bn |
| Q2 2017 | 1,378 | $17.1bn |
| Q1 2017 | 1,378 | $16.8bn |
| Q4 2016 | 1,361 | $16.4bn |
| Q3 2016 | 1,382 | $16.4bn |
| Q2 2016 | 1,448 | $16.3bn |
| Q1 2016 | 1,380 | $16.3bn |
| Q4 2015 | 1,405 | $16.3bn |
| Q3 2015 | 1,419 | $15.6bn |
| Q2 2015 | 1,436 | $16.9bn |
| Q1 2015 | 1,431 | $17.4bn |
| Q4 2014 | 1,464 | $17.7bn |
| Q3 2014 | 1,428 | $17.2bn |
| Q2 2014 | 1,403 | $15.8bn |
| Q1 2014 | 1,394 | $15.2bn |
| Q4 2013 | 1,359 | $15.1bn |
| Q3 2013 | 1,355 | $14.3bn |
| Q2 2013 | 1,351 | $14.5bn |
| Q1 2013 | 654 | $8.8bn |
| Q4 2012 | 656 | $8.0bn |
| Q3 2012 | 675 | $8.1bn |
| Q2 2012 | 660 | $7.7bn |
| Q1 2012 | 677 | $7.8bn |
| Q4 2011 | 677 | $6.9bn |
| Q3 2011 | 661 | $6.5bn |
| Q2 2011 | 692 | $7.8bn |
| Q1 2011 | 691 | $7.6bn |
| Q4 2010 | 698 | $7.2bn |
| Q3 2010 | 697 | $6.5bn |
| Q2 2010 | 674 | $5.7bn |
| Q1 2010 | 681 | $6.3bn |
| Q4 2009 | 680 | $5.9bn |
| Q3 2009 | 666 | $5.7bn |
| Q2 2009 | 649 | $4.7bn |
| Q1 2009 | 649 | $3.8bn |
| Q4 2008 | 666 | $4.7bn |
| Q3 2008 | 709 | $6.6bn |
| Q2 2008 | 745 | $7.3bn |
| Q1 2008 | 726 | $7.2bn |
| Q4 2007 | 749 | $7.8bn |
| Q3 2007 | 764 | $8.1bn |
| Q2 2007 | 768 | $8.2bn |
| Q1 2007 | 748 | $7.8bn |
| Q4 2006 | 748 | $7.7bn |
| Q3 2006 | 739 | $7.3bn |
| Q2 2006 | 728 | $7.1bn |
| Q1 2006 | 728 | $7.2bn |
| Q4 2005 | 712 | $6.6bn |
| Q3 2005 | 707 | $6.6bn |
| Q2 2005 | 706 | $7.1bn |
| Q2 2005 | 696 | $6.5bn |
| Q1 2005 | 692 | $6.4bn |
| Q4 2004 | 683 | $6.5bn |
| Q3 2004 | 668 | $5.9bn |
| Q2 2004 | 656 | $5.7bn |
| Q1 2004 | 643 | $5.5bn |
| Q4 2003 | 640 | $5.5bn |
| Q3 2003 | 619 | $5.0bn |
| Q2 2003 | 604 | $4.7bn |
| Q1 2003 | 602 | $4.0bn |
| Q4 2002 | 605 | $4.1bn |
| Q3 2002 | 582 | $3.9bn |
| Q2 2002 | 587 | $4.5bn |
| Q1 2002 | 591 | $4.7bn |
| Q4 2001 | 590 | $4.7bn |
| Q3 2001 | 572 | $4.2bn |
| Q2 2001 | 522 | $3.7bn |
| Q1 2001 | 573 | $4.4bn |
| Q4 2000 | 576 | $4.6bn |
| Q3 2000 | 557 | $4.5bn |
| Q2 2000 | 559 | $4.3bn |
| Q1 2000 | 596 | $4.3bn |
| Q4 1999 | 585 | $4.5bn |
| Q3 1999 | 557 | $4.7bn |
| Q2 1999 | 568 | $6.0bn |
| Q1 1999 | 442 | $4.6bn |
Where First Manhattan was early
| BAC BANK OF AMER CORP | Q2 1999 | 1 of 232 | 3.1% | Held at last filing, Q2 2026 | +55% |
| DBD DIEBOLD NIXDORF INC | Q2 1999 | 1 of 105 | 0.05% | Exited by Q2 2023 | – |
| ESINQ ITT EDUCATIONAL SVCS | Q2 1999 | 1 of 31 | 0.0% | Exited by Q3 2016 | −85% |
| ORCL ORACLE CORP | Q2 1999 | 16 of 256 | 0.0% | Held at last filing, Q2 2026 | +1479% |
| UNM UNUM GROUP | Q3 1999 | 2 of 117 | 1.3% | Exited by Q4 2020 | −43% |
| EXMOC EXXON MOBIL CORP | Q4 1999 | 5 of 193 | 0.5% | Held at last filing, Q2 2026 | +240% |
| F FORD MTR CO DEL | Q3 2000 | 1 of 181 | 1.9% | Exited by Q2 2024 | −48% |
| FMC FMC CORP | Q4 2000 | 1 of 157 | 0.2% | Exited by Q2 2024 | +310% |
| GILD GILEAD SCIENCES INC | Q1 2001 | 5 of 181 | 0.07% | Held at last filing, Q2 2026 | +6120% |
| USB US BANCORP | Q1 2001 | 5 of 162 | 0.2% | Held at last filing, Q2 2026 | +160% |
| ZBH ZIMMER BIOMET HOLDINGS INC | Q3 2001 | 3 of 144 | 0.3% | Exited by Q2 2026 | +236% |
| MMM 3M CO | Q2 2002 | 3 of 165 | 0.06% | Held at last filing, Q2 2026 | +215% |
| RRC RANGE RES CORP | Q3 2002 | 2 of 147 | 0.01% | Held at last filing, Q2 2026 | +1092% |
| COP CONOCOPHILLIPS | Q3 2002 | 5 of 155 | 0.02% | Held at last filing, Q2 2026 | +490% |
| CMCSA COMCAST CORP NEW | Q4 2002 | 5 of 219 | 0.02% | Held at last filing, Q2 2026 | +233% |
| MO ALTRIA GROUP INC | Q1 2003 | 3 of 153 | 0.7% | Held at last filing, Q2 2026 | +140% |
| SRE SEMPRA | Q1 2004 | 2 of 119 | 0.02% | Held at last filing, Q2 2026 | +483% |
| FHN FIRST HORIZON CORPORATION | Q2 2004 | 2 of 165 | 0.6% | Exited by Q1 2024 | −67% |
| UNH UNITEDHEALTH GROUP INC | Q2 2004 | 2 of 299 | 0.09% | Held at last filing, Q2 2026 | +1235% |
| CNQ CANADIAN NAT RES LTD MED TER | Q2 2004 | 3 of 142 | 0.01% | Held at last filing, Q2 2026 | +993% |
| PXGBX PRAXAIR INC | Q4 2004 | 2 of 68 | 0.0% | Exited by Q4 2018 | +264% |
| AAPL APPLE INC | Q1 2005 | 24 of 275 | 0.0% | Held at last filing, Q2 2026 | +19343% |
| AEE AMEREN CORP | Q2 2005 | 1 of 102 | 0.0% | Held at last filing, Q2 2026 | +104% |
| WU WESTERN UN CO | Q4 2006 | 5 of 133 | 1.0% | Exited by Q2 2024 | −38% |
| TEVA TEVA PHARMACEUTICAL INDS LTD | Q4 2006 | 9 of 182 | 0.3% | Held at last filing, Q2 2026 | +9.0% |
| DHR DANAHER CORP DEL | Q2 2007 | 17 of 235 | 0.01% | Held at last filing, Q2 2026 | +651% |
| S9Q SPIRIT AEROSYSTEMS HLDGS INC | Q1 2008 | 2 of 153 | 0.2% | Exited by Q2 2025 | +55% |
| PM PHILIP MORRIS INTL INC | Q1 2008 | 9 of 169 | 0.8% | Held at last filing, Q2 2026 | +258% |
| SNI SCRIPPS NETWORKS | Q3 2008 | 5 of 80 | 0.9% | Exited by Q1 2018 | +135% |
| AZN ASTRAZENECA PLC | Q4 2009 | 1 of 153 | 1.4% | Held at last filing, Q2 2026 | +304% |
| BUD ANHEUSER BUSCH INBEV SA NV | Q4 2011 | 2 of 129 | 1.8% | Held at last filing, Q2 2026 | +35% |
| BRK/A BERKSHIRE HATHAWAY INC DEL | Q2 2013 | 4 of 61 | 22.1% | Held at last filing, Q2 2026 | +344% |
| MSFT MICROSOFT CORP | Q2 2013 | 8 of 374 | 1.8% | Held at last filing, Q2 2026 | +980% |
| BRK/B BERKSHIRE HATHAWAY INC DEL | Q2 2013 | 11 of 180 | 1.9% | Held at last filing, Q2 2026 | +347% |
| PRGO PERRIGO CO PLC | Q1 2014 | 13 of 172 | 0.01% | Exited by Q2 2024 | −79% |
| ARMK ARAMARK | Q2 2014 | 12 of 177 | 0.03% | Exited by Q2 2024 | +74% |
| KKR KKR & CO INC | Q1 2019 | 22 of 211 | 0.8% | Held at last filing, Q2 2026 | +291% |
| TPL TEXAS PACIFIC LAND CORPORATI | Q1 2021 | 5 of 100 | 1.0% | Held at last filing, Q2 2026 | +148% |
| PPLI IAC INC | Q2 2021 | 15 of 156 | 1.7% | Exited by Q4 2025 | −73% |
| BN BROOKFIELD CORP | Q4 2022 | 8 of 115 | 1.9% | Held at last filing, Q2 2026 | +103% |
| LB LANDBRIDGE COMPANY LLC | Q2 2024 | 7 of 63 | 0.1% | Held at last filing, Q2 2026 | +242% |
Concentration and tenure
- 6.3%
- Median largest position, all quarters The largest single position as a share of the reported equity book.
- 33.0%
- Median top 10 weight, all quarters The ten largest positions together, as a share of the reported equity book.
- Concentrated
- Style, by median largest position
- 5
- Median completed holding, quarters