§ 13F · FUND PROFILE
FIRST MANHATTAN CO. LLC..
Concentrated value, long-term holdings
AUM · $37863.0T (13F)Positions · 714Turnover · 79% · Q4Filed · Feb 17, 2026
CONCENTRATION
55%
Top 10 holdings
NEW BUYS
+55
+$205.6T deployed
EXITS
0
No exits
SECTOR SHIFT
TECHNOLOGY → OTHER
-1pp · +1pp
3YR HIT RATE
—
Top-5 overlap
§ 01 · TOP HOLDINGS
The book · Q4 2025
FILED FEB 17, 2026
| # | Ticker | Name | Shares | $ value | % port | Δ Q4 |
|---|---|---|---|---|---|---|
| 1 | BRK/A | BERKSHIRE HATHAWAY INC DEL | 14K | $10625.3T | 27.9% | −4% |
| 2 | MSFT | MICROSOFT CORP | 4.36M | $2107.6T | 5.5% | ±0% |
| 3 | AAPL | APPLE INC | 5.17M | $1406.5T | 3.7% | −2% |
| 4 | GOOG | ALPHABET INC | 4.19M | $1315.3T | 3.5% | −2% |
| 5 | KKR | KKR & CO INC | 8.60M | $1096.0T | 2.9% | +1% |
| 6 | BN | BROOKFIELD CORP | 23.80M | $1094.0T | 2.9% | +47% |
| 7 | BRK/B | BERKSHIRE HATHAWAY INC DEL | 1.85M | $932.2T | 2.4% | −1% |
| 8 | AZO | AUTOZONE INC | 261K | $886.2T | 2.3% | +3% |
| 9 | ASML | ASML HOLDING N V | 792K | $847.6T | 2.2% | −1% |
| 10 | ORCL | ORACLE CORP | 3.98M | $776.2T | 2.0% | −3% |
§ 02 · SECTOR ALLOCATION
Where the money is
Other21.6% (+1pp)
Technology15.0% (−1pp)
Financial Services10.5% (±0)
Semiconductors7.0% (±0)
Media6.7% (+1pp)
Retail5.4% (−1pp)
§ 03 · THE FIRST SIGNAL
AC read
FIRST MANHATTAN CO. LLC. is a Deep Value fund managing $37863040.2 trillion in assets. The fund runs a broad portfolio of 714 positions, moderate concentration, with the top 10 positions making up 55% of the portfolio. Trading activity is aggressive at 79% quarterly turnover, with 55 new positions and 0 exits last quarter. Top sector allocations: Other (22%), Technology (15%), Financial Services (11%).
Read the full dossier →§ 04 · FILING HISTORY
Q-by-Q deltas
1 FILINGS
Q4 2025
Busy quarter
+55 buys · −0 exits · 523 changed
Q3 2025
Steady book
+0 buys · −0 exits · 0 changed